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Wake up To Indian Reality: a Builder’s Paradise

Started by bobsteph, April 05, 2007, 07:27:16 AM

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Indian Reality sector is showing a mark appreciation with upcoming projects estimated to be around Rs 600-3000 crore from around Rs 20-80 crore. Apart from a 150% growth in past few years commercial, residential and other real estate segment are showing a mark upward swing. The Hi-Tech Township by Ansal Properties and Infrastructure Limited in Greater Noida in the first phase of 2,504 acres is standing taller at an estimated 20,000 Crores. Unitech also is making an investment of Rs 2,500 crore in a mega integrated residential project also in Greater Noida. However, such exclusive real estate projects are an addition to the prevailing projects ranging from Rs 600 crore to Rs 3000 crore. Natraj Buildwell Ltd. has come up with NRI hills-International City at Jaipur with an investment of 1,000 crores. At 600 crores Alpha International City, is being built by Alpha G: Corp's, Karnal. Also are Rs 35 crore Parsvnath Privilege at Greater Noida by Parsvnath, Parsvnath City at Dahruhera at Rs 450 crores and a 250 crores multiplex cum mall at Vijalpur, Ahemdabad and a shopping arcade at Rohini with an investment of 231 crores.
These high investment real estate projects give an indication of the next real estate boom. However, the factor that is playing a critical role is the developers' vision to offer newer and quality construction.

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