Navi Mumbai real estate: The real estate company intends developing a 221-key hotel on 9 acres, and a sports club and gymkhana on 10.5 acres. The company plans to have 15 to 20 percent of revenue from annuity business in the next three to five years.
The company has acquired nearly 76 acres of land for the project, named World Villa, in Chowk near Panvel. Arihant also plans to launch projects in Taloja, Khopoli, Panvel, Kalyan, Badlapur, Karjat, Shilphata, Titwala, and one plotted development project in Karjat in the next few months.
A new housing policy is expected to launched in Maharashtra which may provide flip to the affordable housing segment. That is quite interesting because we have seen the affordable segment which was reacting a lot more to the rate hike etc, while the luxury segment continue to outperform. ET Now anchor, initiating the conversation with Ashok Chhajer Of Arihant Superstructure, asked, how big implementation can be for affordable segment?, Real Estate News, Times Now
With the Lok Sabha elections scheduled for April-May 2024, this Budget holds special significance. Union Finance Minister Nirmala Sitharaman will present the Union Budget 2023-24 in Parliament today which will be the last full Budget of the Modi government in its second term.
Ahead of the presentation of Union Budget 2023-24 in the Parliament on Wednesday, Minister of State for Finance Pankaj Chaudhary said that the budget will incorporate the expectations of every section of society and will stand on everyone s expectations.