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Residential property sales: Top 7 cities residential sales surge 29% in Q1, surpass pre-Covid 19 levels

Residential property sales: Top 7 cities residential sales surge 29% in Q1, surpass pre-Covid 19 levels
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Kalpataru To Develop Premium Project In Mumbai For Rs 300 Crore

Kalpataru to develop premium project in Mumbai for Rs 300 crore As many as 171 units are being launched in the first phase with prices starting at Rs 73 lakh The units spread over 2.4 acres and developed in two phases comprise 2BHK and 3BHK configurations. In the first phase, 171 units are being launched across 2BHK and 3BHK configurations. Apartments in the first phase will be ready for possession by June 2025. “Panvel is emerging as Mumbai Metropolitan Region’s new realty hub, due to its strategic location between the industrial hubs and business districts, and the enormous infrastructure development underway. The city’s abundant green cover and air quality also makes it one of the country’s most livable destinations,” said Parag Munot, managing director, Kalpataru Ltd.

Kalpataru Limited: Kalpataru to invest Rs 300 crore to develop 2 4 acre residential project in Panvel

Synopsis The project spread over 2.4 acres will be developed in two phases and will comprise of more than 400 apartments with two and three-bedroom configurations, the company said in a release. The project is located in the vicinity of the upcoming Navi Mumbai International Airport (NMIA) and the Mumbai-Pune and Mumbai-Goa highways and in close proximity of the under-construction Mumbai Trans-Harbor Link. MUMBAI: Realty developer Kalpataru is planning to invest Rs 300 crore to develop a residential project Kalpataru Park Riviera at Panvel near Mumbai. The project spread over 2.4 acres will be developed in two phases and will comprise of more than 400 apartments with two and three-bedroom configurations, the company said in a release.

Developers hope interest rates, stagnant prices to push for housing sales in 2021

Developers hope interest rates, stagnant prices to push for housing sales in 2021 SECTIONS Share Synopsis Experts feel that the mid-segment housing may take 6-8 months of 2021 to bounce back to pre-COVID levels due to the reeling market. Agencies Demand in 2021 is likely to recover to 2019 levels and may even surpass it if there are no unforeseen negative events. NEW DELHI: The reverse migration, which led to the emergence of heightened demand for homes in tier 2/3 cities, demand for bigger homes and green complex with healthcare facilities, are some of the positives from 2020, according to real estate developers. Developers said that the overhang of subdued demand from last quarter of 2019 continued into 2020 and with the COVID-19 pandemic induced lockdown in March, the sector went from bad to worse.

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