Well everyone wants to talk about slump in the realty market. But to be honest there isn’t any. Let me tell you that while record testy sales took place in October, in just four days this builder achieved gross sales worth ₹787 crore.
By Varun Singh
If someone tells you real estate industry isn’t doing well then you better tell them to read this.
In the month of October itself record realty sales were registered in the city of Mumbai.
Now, a builder in Mumbai in mere four days of launching its project achieved a gross sales of ₹787 crore.
This speaks a story that not many wish to discuss, because it is positive. The realty industry is showing clear indications that it is back on track.
Just last week while having a discussion with Dr Niranjan Hiranandani about the real estate scenario he without mincing any words had said India’s GDP will see a rise.
Now with such examples in front of us, we know why Hiranandani had shown such faith.
Okay coming back to the story so a developer has managed to sell property worth ₹787 crore in just four days is a huge feat that he as achieved.
So who is the developer and which project are we talking about?
Not keeping much for you all to guess, and also not wanting to create any sensationalism here’s the entire story.
Oberoi Realty Ltd, one of India’s largest real estate developer launched a new tower in the Elysian project at Oberoi Garden City, Goregaon on October 28, 2021.
And since then till Monday morning it and has recorded gross booking value of Rs.787 crores for 3.90 Lakh sq. ft.
With this, the cumulative gross booking value from January 1, 2021 till date in Oberoi Garden City stood at Rs 2,705 crores.
The new tower offers a mix of spacious 3 and 4 BHK apartments. The 4 BHK apartments extend to spacious outdoor decks with uninterrupted views of the Aarey Greens. Elysian at Oberoi Garden City offers a state-of-the-art lifestyle and over 35 amenities that include squash courts, golf simulator, futsal court, mini theatre and many more.
Oberoi Garden City is the flagship project of Oberoi Realty that transformed Goregaon into a most sought-after real estate destination. This integrated development is spread across 80 acres and offers a ready social and lifestyle infrastructure with excellent connectivity to the business districts, suburban station and the upcoming metro.
Commenting on the response to the project, Vikas Oberoi, Chairman and Managing Director, Oberoi Realty Limited said, “It is a fantastic moment for us to receive such an overwhelming response from our customers who have time and again reposed their faith in the brand. Elysian is an ideal choice for those looking for a vibrant lifestyle in a ready ecosystem within a well-connected suburb. We are delighted and motivated by the response.”
