Realty News Roundup: Maharashtra Set To Partner Japan On Infra Project; PropTiger.com & Godrej Properties Launch The Big Happiness Festival
Realty News Roundup is PropGuide's selection of top stories from the real estate sector
Top News To finance its Smart City Project, the Union Urban Development Ministry has proposed linking of user charges in urban areas with the inflation rate. The government has proposed an automatic partial indexing of user charges in urban areas to inflation and quality of services. Read more.
With Chief Minister Devendra Fadnavis's five-day visit to Japan beginning on Tuesday, media reports suggest that the Maharashtra government is likely to ink a Memorandum of Cooperation (MoC) with that country. Under the MoC, the Japan External Trade Organization (JETRO) is expected to support investment in or around the 1,000 acres of land reserved for an industrial park at Supa-Parner Industrial Estate near Pune. A Memorandum of Understanding (MoU) for this project was signed between the state government and JETRO back in 2013. Read more.
India's leading real estate advisory company PropTiger.com, in association with realty major Godrej Properties Ltd. (GPL) , on Monday launched 'The Big Happiness Festival'. According to this report on PropGuide, the festival runs from September 7-14 on PropTiger.com for property sales across India's major real estate hotspots. Prospective home buyers can book their property with a token amount of Rs 20,000, avail discounts of up to Rs 17 lakh and get assured gift vouchers worth Rs 40,000.
Off the front page Godrej Properties Ltd. (GPL) has announced the launch of its residential township project, Godrej Prana, in Pune. Spread across 31 acres, the first phase of the project will have a total saleable area of 7,00,000 sq ft, offering 1BHK, 2BHK and 3BHK apartments. With a focus on sustainability, the project will have eco-friendly facilities, including rainwater harvesting, solar panels and zero discharge. Read more.
Experion Developers in collaboration with Milestone Ventures will develop a commercial project in Gurgaon. The project spread across 4 acres of land, will cost about Rs 175 crore. It will be a green project, with US Green Building Council's (USGBC) Gold LEED rating. Read more.
According to a report, Piramal Realty is all set to take over DB Realty's Marine Drive project in Mumbai for nearly Rs 1,000 crore. Piramal plans to construct a high-rise residential tower on the 2.2-acre plot. Read more. Here is a list of top stocks that are likely to benefit from the smart city boom. Read here. Opinion An expert view on the growth of Indian real estate sector in the last decade. Read here.