Thapar Builders has launched Arthah, its 26-storey residential complex at Vaishali, Ghaziabad. With an open area of 3,300 sq m for residents, this is one of the largest real estate projects in National Capital Region and aims to set benchmark in excellence and comfort here.
The real estate sector has been the second biggest employer for India after agriculture, and market estimates suggest that it will grow by as much as 30 per cent in the next decade. Consequently, stakeholders have high expectation from the 2017-18 Union Budget.
As the government gradually rolls out various initiatives to shore up the real estate sector, we hope that the industry will benefit, and the residential markets will show a revival similar to what the commercial markets are already displaying.
Trump Organisation is a part of two major luxury real estate projects in Mumbai and Pune. The organisation tied up with the Lodha Group in Mumbai in 2013 and with Panchshil Group in Pune in 2014 for two luxury residential projects that are being marketed as signature Trump Towers.
Bangalore based premium property developer; Nitesh Estates recently announced its entry into the Pune market. With the acquisition of 1 million sq. ft., the Koregaon Park Plaza Centre an A grade shopping mall, spread over 6 acres in prime upscale locale of Koregaon in Pune, Nitesh Estates has achieved yet another milestone
Lodha Group has raised about Rs 540 crore from Kotak Realty Fund through a private placement of five-year non-convertible debentures. The funds will be used for the construction of one of the phases of Lodha´s township project, Palava City.
The Confederation of Real Estate Developers' Associations of India (Credai) has urged the Union government to appoint a high power real estate committee to clear high-ticket real estate projects costing between Rs 2 billion and Rs 10 billion.