November 29, 2019
BY 3B Consulting Pvt Ltd 1
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Godrej
Properties brings innovation, sustainability and excellence to the real estate
industry. Godrej Properties is currently developing residential, commercial and
township projects spread across approximately 14.36 million square meters (147
million square feet) in 12 cities.
The market
of Delhi-NCR is witnessing strategic and cautious new launches that ware being
done under the radar of the Real Estate (Regulation and Development) Act, 2016.
It has been noticed that there has been a rise in demand with sales witnessing
an upsurge last year, which indicated a revival of confidence in the market
place. With the micro residential markets witnessing a surge in Noida, Uttar
Pradesh, demand and supply in the residential property are seen to be on the
rise in the area too. It is being seen that the price range for residential
property in the area is around INR 4,140 to INR 7,160 per square feet. Also,
there has been a mix of completed, together with, under-construction projects
in the area. They are nearer to the employment hubs such as NSEZ, Greater
Expressway Noida and Sectors 62, which are boosting demand of real estate in
the city too.
Seeing a
gradual movement in the prices as well as sale of properties in the last one
year - particularly in the areas where infrastructure and other basic amenities
have improved, Gurgaon has been witnessing a gradual change in the real estate
sector. The change in sentiment has been particularly strong in areas such as
Dwarka Expressway. It has been seen that in this particular place, there has
been an upscale in purchase and sale in the secondary market or pre-owned
homes. Developments such as closure of land allotment, allotment of work in
Dwarka Expressway in Gurugram given to L&T as well as water supply done by
Gurugram Metropolitan Development Authority in the developing sectors led to a
spurt in buyers' demand. In comparison to the previous years, real estate
players opine that buyers in the city are no longer chasing for properties but
they are looking at space where they can experience luxury. Gurugram market is
basically driven by consumers who are mature and visit the property few times,
look at the pros and cons before arriving at the decision of buying the
property. With that majority end-users have been demanding properties in
mid-segment range - from the price band between INR 60 lakh to INR 1 crore.
Along with this, development of infrastructure together with availability of
basic amenities such as water, roads, sewage and power are also helping in
increase of demand.
Mumbai – the
financial capital of India – is the 16th most expensive residential property
market globally. Although the city has the most expensive real estate market,
it still stacks against many other markets. Mumbai would buy ten times the
space in comparison to Monaco and nearly over three times in comparison to
London or New York. In the meanwhile, Dubai allows more than 50 percent more
space than Mumbai. Given the positive side, affordable segment has seen a rise
in the past. Demand for the residential segment in last year has been very
optimistic, with major projects being announced in many of the suburbs in
Mumbai.
Pune is
being considered as one of the major and fast-growing real estate markets in
India. In fact, it is one of the few markets that has been witnessing steady
rise of mega projects by prominent real estate companies, especially in
high-growth clusters. Owing to high number of software companies, educational
institutes and start-ups in the city, Pune has become a real estate hub catering
to a high number of professionals, small families, students and even expats
through its various residential projects and townships. In fact, Pune's real
estate market is considered to be attractive for residential projects in all
its categories – starting from budget housing, affordable housing, mid-income
housing to even super-luxury townships.
Also known
as the "Silicon Valley of India" - Bangalore is known for its
industrial parks, factories as well as educational institutions. It is also
called the "IT Capital" of the country with initial phase of software
development occurring in the city. It is has several reputed multinational
companies having their offices in Bangalore. It has been seen that there is
huge influx of people from across the country searching for employment
opportunities in the city. Although, there has been a slight dip in the realty
market in Bangalore in the recent times, the demand has seen a surge with the
implementation of RERA. Of lately, the real estate market in the city saw an
upsurge with many launches together with exciting deals. Places such as
Kanakapura Road, Yelahanka, Hennur Road, Sarjapur Road and Devanahalli which
are on the outskirts of the city have been growing rapidly – with increasing
connectivity and infrastructure.
Godrej New Projects
Call- 9168296060
