Tag Archives: Indore

Godrej Properties moves into Indore and purchases a 46-acre plot for planned development

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Godrej Properties Ltd has announced the acquisition of a roughly 46-acre land parcel in Indore. According to the company’s July 31 regulatory filing, the development on this land will mostly consist of plotted residential units and offer an estimated saleable area of roughly 1.16 million square feet.

Situated in a significant residential and commercial area of Indore, the land is close to the Indore-Ujjan Road, a major upcoming corridor planned to be expanded to a 6-lane highway.

According to a regulatory filing from the company, the location provides good connectivity to important landmarks like the Indore International Airport, the Indore Junction railway station, educational institutions, and medical infrastructure.

According to the report, the city’s residential real estate market has expanded due to ongoing infrastructure development, the planned extension of Metro lines, and the expansion of the corporate and IT sectors.

Declaring our arrival in Indore, Madhya Pradesh brings us immense pleasure. According to Godrej Properties’ MD and CEO Gaurav Pandey, “Residential plotted development has gained significant traction in recent years and the Indore-Ujjain Road is a promising micro-market to expand our presence in this space.”

This fits nicely with our current expansion strategy, which involves entering rapidly expanding cities from the standpoint of planned development. We want to develop an exceptional, sustainable community that benefits its citizens in the long run and capitalizes on Indore’s growth potential,” he stated.

The real estate sector is well-known in cities like Bengaluru, Pune, Mumbai Metropolitan Region (MMR), and Delhi-NCR (National Capital Region).

Godrej Properties was the largest listed real estate company in the most recent fiscal year, with sales bookings exceeding Rs 22,000 crore. 

Real Estate Discounts To Attract Indore Property-Takers

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Indore real estate is attracting the takers through various discounts and freebies. Real estate builders of Indore find no other way than cutting the edge of the real estate prices.

Real estate discounts to play again

Real estate discounts to play a crucial role in real estate market of Indore.

Existing real estate downturn forces builders to attract takers through freebies and discounts. This is more visible in Indore real estate. The builders offer wide range of freebies and discounts to the property buyers as well as real estate investors.

Real estate investors are assured handsome returns on their investments. Some of the real estate developers assure 30 to 40% returns on real estate investment within couple of years. Continue reading →

40 mn sq. ft. to be developed in next 5 years by South Asian Real Estate.

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At the launch of ‘Green Parc II’, which is the fourth phase of its 65-acre integrated township in Gurgaon, SARE Homes Chief Operating Officer Vineet Relia said, “We are looking at developing an additional 40 mn sq feet over the next five years. We are focusing on seven major cities in the country”.

“In the near future, we plan to launch projects in Navi Mumbai and are looking to acquire land parcels on the growth corridors of large cities in India,” SARE Homes Executive Director David Walker said.

Recently, the company has invested in eight projects in Gurgaon, Ghaziabad, Navi Mumbai, Chennai, Amritsar and Indore, representing around 36.5 million square feet.

Realty Big Players Attracted Towards Small Cities for Expansion

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NEW DELHI: Growing demand for homes in smaller cities of the country is attracting real estate biggies. Cities like Bhopal, Bhubaneswar, Coimbatore, Indore, Jaipur, Lucknow , Nagpur, Surat , Vadodara and Visakhapatnam are estimated to add 354 million sq ft of residential development in the coming 03 years. According to a research, large builders like DLF , Unitech , Parsvnath , Omaxe , Ansals and Emaar MGF have already diversified into these cities. These cities today show huge potential for growth. These cities are attracting the big developers because of their considerable price stability and growth prospects. With economic activity picking up in these cities, there is a growing migration from smaller areas, which has created a shift towards an apartment culture. This shift will foster volumes for larger developers in the future.

Looking at this new demand, banks and financial institutions are also looking towards these cities to bridge the financial saturation gap.The growth prospects in the smaller cities are fascinating huge developers with multi-city existance.