Godrej Properties adds a new project in Pune
Godrej Properties has signed a new deal to develop a residential group housing project in the heart of Hinjawadi IT Park, Phase I, Pune.
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Can realty rating grow out of symbolic appreciation?
Realty ratings have not grown in India and the issue of objectivity also makes it prone to criticism. However, there is no second opinion that if a standardised mechanism of real estate rating is evolved, it can differentiate between the men and the boys in the business.
A home for every budget in Mumbai
Contrary to the general perception that only the Richie Rich can buy a house in Mumbai, the fact of the matter is that there is something for every budget segment. If not the fancy luxe living in posh areas, a roof over the head is always there with the rider of more money adding to more amenities and lesser travelling distances.
Disadvantages of investors as project riders
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.
Compromising Mumbai mangroves for land monetisation?
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.
Paradigm Realty & Dotom Realty launches Ariana in Borivali (East)
The project being stationed at the heart of Borivali East will be a phenomenon spot because of its close proximity to commercial destinations like Andheri, Goregaon and Malad.
Peninsula Land’s Celestia Spaces clocks sale of INR 300 crores in 48 hours
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.
Realty brands’ classical mistake in talking to woman
Women today control $28 trillion in annual consumer spending, as per a study. In terms of consumer spending, women today drive almost 80% of all purchases. In terms of home buying, 74% women play the role of either contributor or influencer, as per a pan-India survey by Track2Realty, the real estate think-tank group. This includes 32% home buying by single women across the eight top cities of India.
Why developers prefer investors as project riders?
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.
Mumbai home to richest Indians
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.