For developers, plotted development helps liquidate land banks to raise working capital. These projects require minimal capital investment, limited project execution risks and faster exit opportunities.
The company will also commence work on the Chalukya Hotel to develop 1.5 lakh square feet of Grade A office space in the city’s central business district for a rental return of about Rs 335 crore.
Bhavesh Kothari, Founder & CEO, of Property First said, Home loan rates would have reached a record high if the RBI MPC had increased the repo rate by 25 basis points, as was predicted by industry experts, keeping in view the inflationary pressure.