Track2Realty-Agencies: A builder who failed to start a Greater Noida residential project on time has landed in trouble as a consumer court in New Delhi has directed him to pay compensation of Rs.3 lakh and refund the over Rs.49 lakh cost of a flat to a complainant.
Track2Realty: Godrej Properties has launched residential project, Godrej E-City, in Electronic City Phase-1, Bengaluru. Spread over approximately 15 acres, this project will be completed in 3 phases.
Track2Realty-Agencies: After marking his presence in the Indian and international fashion world, ace designer Manish Arora has tied up with real estate firm AMR Group, and will design for their forthcoming presidential suites and luxury residential projects.
Century Real Estate has reportedly raised Rs 40 crore from Reliance Capital and will raise another Rs 160 crore from the Anil Ambani promoted firm for its upcoming residential projects. According to reports the deal was closed last week and will be a structured transaction, which includes private placement of non-convertible debentures (NCD) and equity component.
Godrej Properties has claimed that it has sold the entire 1st phase of its residential project, Godrej Summit, in Sector 104, Gurgaon. The first phase of this project had 695 apartments across 1 million sq. ft. of space.
Godrej Properties has launched its residential project, Godrej Summit, in Sector 104, Gurgaon. Spread over 21 acres, this project will consist of 11 high rise towers and offer about 1,200 homes across 2 mn sq. ft of space. Customers can choose from 2, 3 4 BHK, and penthouse apartments ranging in size from 1,250 sq. ft. to 4,500 sq. ft.
After Track2Realty reported that how real estate developers are blatantly violating the ban on pre-launch schemes as advised by the Supreme Court, the Haryana Government has now decided to crack down against the erring realty companies. Many established realty companies and new players in the fray are illegally offering residential projects before acquiring the required license, and in some cases, even without a land in blatant violation of warnings by the authority.
City Corporation Ltd, the developers of Amanora Park Town, Pune have collaborated with Swarovski, leading global fashion and lifestyle brand on the iconic Gateway Towers 1. Swarovski, a name synonymous with crystal, beauty and lifestyle for decades will marvel space at Gateway Towers 1, making this the world’s first luxury residential project marvelled by Swarovski.
There is a clear disconnect between what home buyers want and what they get. And it is here that the home buyers are ready to pay more to get what they see to believe. While the frequency of launching new residential projects have declined in the last year or so, there is also sizeable inventory building up that is available for buyers who are willing to make that investment.
Despite the market slowdown and high competitiveness among the ‘Big Boys’ in the Indian residential real estate business, smaller builders of residential projects can still corner a healthy market share. It is all a matter of knowing which league to play in, and how to play.