Tag Archives: Indiabulls Real Estate

Golf Courses Woo Top-End Buyers in Mumbai

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Housing sector in Mumbai, it seems, set to be golf – oriented. Along with golf courses, other sports facilities are also becoming must- amenities.
Golf courses do have an impact on the property sale.

Golf courses do have an impact on the property sale.

MUMBAI: In Mumbai and its neighborhood areas, golf courses are slowly becoming a necessary amenity. This is true especially for the top-end housing projects.

There is a higher demand for housing projects which have golf courses. Seeing this increased demand, the builders are also coming up with such projects. They use golf courses as a means to persuade the buyers to their projects now.

Though Golf courses are considered to be the sign and symbol of luxury now, there are only a few golf courses in Mumbai. Unlike Delhi-NCR, Bangalore or other top cities, the commercial capital lacks golf courses. Though main reason is land scarcity, excessive land price also matters.

Right now there are three 18-hole golf facilities in the city. Two of them are in South Mumbai, while one is at Chembur. Willington Sports Club and United Services Club are the two South Mumbai golf courses. Bombay Presidency Golf Course is located in Chembur. Continue reading →

Major Land Deals in India

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Residential building
Since now days, land is the most promising resource, the developers are ready to pay any price just to get into the realty business.

Here are some of the major deals in the field of land:

1. The Lodha developers had a deal of Rs 4,053cr for a plot of 25,000 sq mts. The sq per mtr cost is about  Rs 81,818.
2. Next closest deal was by Sunteck India. It was a deal of Rs 3,465 crore. Following Sunteck was Indiabulls Real Estate at Rs 3,327 cr which was backed by Gaurhari Estate at Rs 2,251 cr.
3. In 2008, BPTP, a Delhi based builder had a deal of Rs. 5000 cr for a 95 acre plot in Noida. Unfortunately the deal could not get through.

Lodha Developers plan to launch a 650 million dollar IPO in the end of this year. Also, they plan to build a residential building worth Rs. 10,500 cr in the center of Mumbai.