Even for the developers, if he is overly dependent on investor he will deliver a ghost town which is not a god thing for a developer for his subsequent project. Second thing is that an investor is a fair weather friend and the day he is not making money he will be harsh to the developer and talk about him in the circle that matters. That is enough to damage the reputation of the developer.
Around 20 out of the 35 species of true mangroves found in India have been identified along the Maharashtra coast and 15 species of these are found in Mumbai. Because of the high salinity of the soil, something like 60 per cent of Mumbai mangroves comprise Avicennia marina. Nor surprisingly this species also tolerates pollution including heavy metals such as lead, mercury and chromium, all found in significant concentrations in the Mithi River.
The sales strategy was targeted at the existing home buyer leads. A soft launch of their show apartments and SOSF was announced and the buyers were invited for an experiential tour around the flat.
Though the law of the land does not allow this kind of opaque transactions but it is an open secret in the Indian property market today. It is often done in an IPO model when the entire city knows about it. The advantage of this IPO style pre-launch for the developers is that the price point here is higher than the price point at which they offer it to the select set of investors.
The report says India’s financial capital Mumbai is the richest city in the country followed by Delhi and Bengaluru in the second and third place respectively. The city is home to 46,000 millionaires and 28 billionaires with a total wealth of USD 820 billion.
Green floor space accounts for only 3-5 per cent of all construction in India so far. In developed markets like the UK, where green building began almost two decades ago, around 40 per cent of all buildings would fall in that category. In the US, it would be around 30 per cent.
News Point: The clause of jail term to erring homebuyers…
News Point: Colliers International India has appointed Gagan Randev as…
Interview Point: PNC Menon, Chairman-Emeritus of Sobha Ltd feels India…
Bottom Line: Expressways across the country are redefining the distance…