By Varun Singh

India is in its 75th year of Independence. The government has launched an initiative Azadi Ka Amrit Mahotsav to celebrate and commemorate 75 years of Independence and the country’s glorious history, culture and achievements. The real estate sector is one of the important sectors who have contributed heavily to employment generation and GDP of the country in these past years.

Post Covid, the housing market has seen a revival in demand due to the low interest rate regime. Recently, the increased input costs have already compelled many developers to hike property prices in the first half of 2022. The RBI’s three consecutive repo rate hikes have also added to homebuyers’ woes and together these factors can dent demand over the short-term. Repo rate hikes are a major concern for the real estate industry and therefore to mitigate this impact, realty developers are coming up with various offers to release the burden of the homebuyers.

Here are a few offers from developers which can be availed by the homebuyers this Independence Day:

Runwal Group
Runwal Group presents the Mega Freedom Offer! This festive season, you can buy a Runwal home with never-before easy payment plans offering a one-year payment holiday. Here’s a great opportunity to enjoy freedom from EMI’s and your home loan interest worries. These offers are valid across the Runwal Group’s finest lifestyle addresses in Kanjurmarg, Mulund & Dombivli. Offer valid for a limited period only on select inventory till 15th August 2022.

Rajat Rastogi – Executive Director, Runwal Group
“Independence Day is a milestone, for the country and also for us as citizens. The natural extension of this is to allow freedom and independence to touch every aspect of our lives. We believe owning your home gives the individual and the family true freedom from rents, uncertainty and allows a person to live on his own terms. As part of our annual independence day celebrations, we’ve launched attractive promotions across all our projects and are already seeing an excellent response. As a company, we’ve witnessed the best month ever in July and are very positive that August will be even better. The Runwal group has a laser sharp focus on customer requirements and these offers are but a reflection of that philosophy.”

Parikshit Pawar, Chief Marketing Officer, Shapoorji Pallonji Real Estate
“In India, the festive season is regarded as an auspicious time to purchase a home. It’s a time to embark on new journeys. Real estate developers incentivize homebuyers by sweetening the deals and bringing them to fruition. This festive season, Joyville too, gives its customers more reasons to celebrate with offers ranging from gold to home appliances and furnishings starting at Rs. 1.5 lakhs. The overall market sentiment has been very positive. We expect to see a significant surge in demand as we move closer to the festive season.”

Tridhaatu Realty
This Festive Season, Tridhaatu Realty brings an exclusive offer for their customers, where one can avail Premium 2 BHK Air Conditioned Homes furnished by IKEA in their project Tridhaatu Morya located at Chembur along with 20:70:10 payment plans, Zero Stamp Duty, Zero GST and spot booking benefits. The project is Nearing Completion. Offers are valid for a limited period and for limited inventory. So, hurry and grab the exciting offers!

Govind Krishnan Muthukumar, Co-founder & Director, Tridhaatu Realty
“As the country is about to mark its 75 glorious years of Independence, we at Tridhaatu Realty are celebrating the occasion by providing offers that will meet the modern needs of the homebuyers. We are providing our customers an attractive value proposition, amidst the rising property prices, where we should see their confidence in the sector increase, and boost consumption. We are optimistic that this season will give the much-needed positivity and hope the real estate sector needs.”

CR Realty
This Independence Day CR Realty launches an exclusive offer for the upcoming festive season at their project Primo located in Bhandup for potential homebuyers. Advantage can be taken of Flexi-payment plans, which include 50% payment at the time of booking and the rest at Possession.

Cherag Ramakrishnan, Managing Director, CR Realty
“We at CR Realty believe in supporting our customers and giving them the flexibility to tailor make their dream home purchase. This is why we have specially curated this offer for our potential homebuyers. The Flexi payment plan shall not only guarantee our customers a pocket-friendly deal but also give them a sense of freedom from investing a heavy amount at one go. This offer clearly reflects our confidence in the final delivery of their respective homes.”

Group Satellite
This Independence Day, Group Satellite is offering an assured bumper prize on every booking along with a 50% discount on Stamp Duty Charges for their residential project Aarambh at Malad. The buyers will get a chance to avail of bumper prizes such as 43 inches TV, 5 Gram Gold Coin, an Electric Bike & Fossil watch. The offers are only for a limited period of time, starting from 12th August 2022 to 12th September 2022. So, hurry and grab the perfect deal for your new home this festive season.

Himanshu Jain, VP – Sales, Marketing, and CRM, Satellite Developers Private Limited (SDPL)
“Our country is achieving the milestone of completing 75 years of independence and therefore we at Group Satellite extend happiness with some exclusive offers to let our customers feel the essence of freedom they get when they purchase their own home. All the offers are thoughtfully designed and put together. We as a company believe in providing the maximum benefits and quality life to our customers and shall continue doing it for the many more years to come.”

JP Infra Mumbai Private Limited
JP Infra launches an exclusive offer this festive season by providing a complimentary modular kitchen at their select projects of JP North located in Mira Road for potential homebuyers. The bumper offer is only for a limited period of time, starting from 13th August 2022 to 16th August 2022 for 1, 2 and 3 BHK spacious homes.

Also Read: In July 57% homes sold in the price band of Rs 1 Cr and over

The post Independence Day offers from Builders to Homebuyers appeared first on Square Feat India.

This is one of the tallest towers in Thane which will have 332 efficiently designed luxury apartments with configurations of 3 BHK and 4 BHK, ranging from 1300 sq. ft. to 1600 sq. ft.

These apartments have been designed with very large balconies and spacious bedrooms.

The homebuyers will be able to relish recreational facilities with an exquisite Clubhouse called Float on the 51st level and a Rooftop Sky Lounge, which offers mesmerizing views of the city.

Overall, it’s a complete world where residents can get spoilt for choices. The clubhouse will also have a business centre with spacious workspace, library, spa and salon, golf simulator, music room, and viewing deck.

A high street retail zone of ~40,000 sqft total Carpet Area called The Impulse will also be developed within the project premises.

The project is strategically located on Pokhran Road No. 2. Located adjacent to the Eastern Express Highway, this is one of the most preferred residential destinations in Thane.

As a location, it also enjoys proximity to well-developed social and civic infrastructure like world-class education institutions, hospitals, commercial centres, retail zones, and shopping malls.

The residences are available between the price range of Rs 2.44 crore to Rs 3 crore excluding other charges. The company is expecting a total sales realization of around Rs 525 crore from the new launch.

Speaking at the launch, Mr. Venkatesh Gopalkrishnan (CEO, Shapoorji Pallonji Real Estate) said, “We have witnessed a steady demand for spacious luxury homes in the last couple of months which indicates a shift in the post-pandemic consumer behavior in Thane market. Leveraging this shift and latent demand, we have planned to launch a new phase, believing this is the right time to bring the best products to the Thane micro-market.”

Also Read: Cyrus Mistry Rents Tardeo Flat To Mitsubishi For Rs 8.92 lac per month

“Given the current scenario, customers look forward to assurance from trusted brands to reimpose their faith in buying a home and we are confident that SKYRAA will not only deliver but exceed customers’ expectations of luxury living,” Mr. Sumit Sapru (Business Head, Shapoorji Pallonji Real Estate) added.

Lifestyle-friendliness, excellent connectivity and quality social infrastructure are some of the determining factors that single out a residential destination. Thane also enjoys easy access to critical spaces like the railway station and the airport. Owing to the road network of JVLR, SCLR, Ghodbunder Road, Eastern Freeway, NH-8, Mumbai-Nashik Highway and the Thane-Belapur Road, Thane offers a quick and easy commute to numerous business districts such as Nariman Point in South Mumbai, Lower Parel, Bandra Kurla Complex (BKC) and CBD Belapur in Navi Mumbai.

Over the years, Thane has transformed into a hub of major infrastructural developments. Some of the infrastructure developments like proposed road tunnel between Tikuji-ni-wadi (Thane) and Borivali, Wadala-Kasarvadavali Metro line 4, Kapurbawdi-Bhiwandi Metro line 5, Vitawa bypass road, connecting Kopri to Thane-Belapur Road, Proposed Kapurbawdi Metro Station – 1.2 km from the site, Proposed Majiwada Metro Station will further boost Thane’s connectivity live-ability and lifestyle quotient as well as capital values.

Also Read: TATA housing directed to refund money to homebuyer

The post Shapoorji Pallonji launches luxury project in Thane appeared first on Square Feat India.

By Varun Singh

Whether this is an indication of realty prices crashing, it will be hard to predict. But we have a live example of a top firm in the country that sold a flat at Rs 4.36 crore cheaper than at what it had bought the flat.

The firm is amongst one of top leading firms and a big name in the country’s real estate and construction sector.

Shapoorji Palonji, Development Managers Pvt Ltd, on August 18, sold the flat located in Omkar 1973, Worli for Rs 6.14 crore.

The firm had bought the flat in November 2019, for Rs 9.6 crore from Elvera Realtors Pvt Ltd.

The flat is located on the 67th floor of the high-rise located in Worli. It measures 2606 sq ft.

When Shapoorji Palonji had bought the flat it was above the ready reckoner cost of Rs 9.29 crore and paid Rs 57.63 lakh as stamp duty.

On August 18, when the flat was sold by the firm for Rs 6.14 crore, the ready reckoner cost was Rs 9.01 crore.

The stamp duty paid last week for the registration of the flat Rs 45.10 lakh.

Also Read: Reduce prices to survive or suffer: Goyal to builders

Along with the flat the buyer also received two car parks on the Level P-6 of the high rise.

A detailed email sent to the PR representatives handling Shapoorji Palonji got us no response on why the flat was sold at such less a price.

This won’t be the first case in the recent past, where the flat owner sold the flat at a cheaper price.

Earlier this month, a top builder sold his own flat located in South Mumbai at less too.

The flat sold at lesser price was owned by builder Haresh Mehta of Rohan Lifescapes and his son Manav Mehta.

He sold, the flat for Rs 16 crore, while the ready reckoner rate of the flat itself is Rs 20.78 crore for want of liquidity.

Also Read: Builder Sells SoBO Flat At Less, For Want Of Liquidity

The post Top Firm Sells Worli Flat For Rs 6.14 Cr That It Bought For Rs 9.6 Cr Only 9 Months Ago appeared first on Square Feat India.