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Friday, December 4, 2009

Realtors move to metro peripheries for villa projects

However, Kumar Builders launch "Kumar Couture", 24 sky-villas, in Worli, Mumbai!

With signs of economic revival clearly becoming visible, real estate developers in metros are moving away from prime locations to the peripheries for developing villa projects in the form of row-houses, bungalows and villa-type apartments. According to industry experts, this is being done to meet the growing demand for such housing.

Mumbai-Pune real estate developer, ( who has joined the IPO bandwagon,) Kumar Urban Development has launched Sky Villas project which will be developed near the Worli Sea Link.

A 270-m high tower called Kumar Couture will have villas of 8,000 square feet carpet area each. A total of 24 villas are being accommodated in the project. Lalit Kumar Jain, its chairman and managing director said, "“The height between each villa will be equivalent to four floors of normal structures. We are offering triplexes and duplexes."

To read more, please, visit Financial Express

Related Story:

November 2009 - Top 10 popular blogs on Ravi Karandeekar's Pune Real Estate Market News Blog

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  1. The rich will indulge in Villas, The main RE players will indulge in minting money on them, the sundries will make 'bacha-hua' money from the RE players.

    The poor and common middle class will just watch with awe and remark:

    Wow! Wish we were there!

  2. Hi Ravi
    I follow your blog actively and find the articles very relevant.
    I'm currently looking to buy land in Bhugaon and Hinjewadi. Can you give me any guidance on prices?

  3. # Ref: "land in Bhugaon and Hinjewadi"

    Thanks for the complements, vivache!

    Sorry, i don't know much about the land.

  4. stay away from buying Katccha land from a farmer or middle man. Lots of litigation there. Best is to get a plot of your size selection from a developer. You cut down the risk this way. Nisarg and Riddhi Siddhi developers have some plotting scheme in bhugaon area. Both are OK to deal with from what I have heard( do your home work please). Sairang aka SRK aka thug , also active in plotting. Stay away as his plottings are nothing but mess.
    Look for corporation or collector sanctioned lay out and Non Agri plotting.
    No idea on rates. Hope this helps.
    Peace Man.