Micro-market boom as gaps bridge of Chembur, Powai & Thane with rest of MMR

1. storeboardl Blogs v What are you looking for? Blogs SIGNUP H LOGIN LEARN MORE Members Micro-market boom as gaps bridge of Chembur, Powai & Thane with rest of MMR sb it m 0 w J3 a Posted: November 20, 2017 @ 7:33 am ifr Like 2 Portfolio• Follow• Friend Share Facebook Tweet QR• Sto re Videos Blogs Images Products Audios Coupons Deals Networks Groups Directory Classifieds Forums Channels Locations As per the data compiled by the consultant of property organization Cushman and Wakefield, 21 deals of the land have been As per data compiled by property consultant firm Cushman & Wakefield, 21 land deals have been closed till the end of September 2017 across eight cities, including Mumbai, New Delhi-National Capital Region (NCR), Bengaluru, Hyderabad, and Pune. The number of transactions of land is signed in the whole of last year in these cities was 23. (Bj Similarly, the joint development settlement deals have picked up as compared to last year. For instance, in the three prime real estate markets— Hyderabad, Mumbai, and Pune with five such partnerships have actually been signed till the September-end in comparison to only one last year. The land transactions have actually been triggered especially by Real Estate Regulation and Development Act. Most of the builders have understood that the holding on huge remained unchanged for last 3 years. 9 A B0ard In past few months, it has seen huge land acquisitions. Real estate organizations such as BPTP Limited has sold over 2 land parcels of over 15 acres each in Dwarka Expressway to the Mumbai based Shapoorji Pallonji Group and Godrej Properties Limited for a complete of Rs 500 Cr. Earlier this year, a joint venture of Standard Carted Private Equity and Tata Realty Infrastructure Limited that acquired 47.5-acre plot at Thane-Belapur Industrial Area which is near Mumbai, for Rs 325 Cr. In September, the GlaxoSmithKline Pharmaceuticals sold over 60 acres of land in the city which is a suburb of Mumbai to Oberoi Realty for Rs 555 Cr, 3 years post the land was put on the block. Builders, as well as the landowners, are forging the alliances to jointly build huge land parcels as well as projects in the bid to mitigate the risks, develop quick cash flow, and quicker monetization of the land parcels. According to BSE filings, Godrej Properties have actually signed over three joint development agreements with theproperties in Chemburand the builders in Mumbai, Pune, and Bangalore in the last month. Between April and July also, Godrej Properties have signed up for the local land parcels especially 3 in National Capital Region and one in Bangalore. These certainly were a mix of the joint developments ad outright buys deals. Also, the Mumbai-based Nirmal has announced over three land deals. The experts believe that with transparency that is coming into the realty market, going forward, one can certainly expect activity to pick-up, for the establishes developers. The government is providing sops for the joint development agreements, one expects more supply of land to enter the real estate market. Author: Srishti Chandola Viewed: 13 Views Share: sbjfe 0|{jj0 g- SJ D- U @lPshare POWER SHARE' Check Out All Of Favista'sBlogs! Comments: You Must Log InTo Post A Comment.Sign Up- It's Free! Posted By:Favista Location: gurgaon, gurgaon Storeboard City:New Delhi, IndiaPhone: 8860002591 Description: Favista is leading real estate website in India which offers best deal on residential and commercial property in India. To get best deal on India Property visit Favista/Call-18002121000 Favista Website: http://www.favista.com

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