This is what they call 'pan India'! Sobha Developers Ltd has a presence in 20 cities and 12 states of the country, and has completed 71 residential projects and 191 contractual projects, covering about 42.68 million sq ft.
Salarpuria Sattva Group has launched two premium residential projects - Laurel Heights and Cadenza in north and south of Bengaluru. Together the two projects provide for more than 1,000 units of premium homes that will cater to the rising demand in this premium segment.
Piramal Enterprises plans to invest $2 billion in real estate projects over the next two years. This will help developers complete commercial and residential projects that are stuck due to insufficient funds and credit cut by banks to the sector.
From the real estate sector's perspective, there are many aspects that the Union Budget should address this year. One of the foremost is further reducing the bureaucratic red tape involved in project development. Expedited clearances for a larger segment of residential projects will be a key for reducing project delays.