Godrej Projects
Thursday, July 18, 2019
Saturday, July 13, 2019
Godrej Properties: Godrej New Projects - Godrej Pre Launch Projects
The philosophy
of Godrej Group towards innovation, excellence and sustainability is also
extended to its real estate arm – Godrej Properties. Established in 1990, as a
subsidiary of Godrej Industries Ltd, the realty company benefited from the
leadership of Adi Godrej. The enterprise is presently listed at the Bombay
stock exchange (BSE) and the countrywide inventory trade (NSE).
Godrej
Properties are building on the goodwill and trust that its parent company has
earned for centuries. Further, their corporate culture as a conglomerate has
helped establish the real estate brand as one of the most professional
companies in the country. They are one of the few real estate players in the
market who have been instrumental in bringing professionalism and transparency
in the industry, setting some great benchmark for others to follow.
Due to their
transparent and efficient operational approach, they have been able to gain
trust of all their stakeholders and build long-term relationship with their
consumers, business partners, suppliers, contractors and others. The company
has ensured that factors such as on-time delivery, good governance and
high-quality construction are imbibed in the very DNA of its realty business.
Each of the
projects developed by Godrej combines the century-old legacy of the group
company with the commitment to provide world-class design, driven by latest
technology. At present, the company is active in developing residential,
commercial and township projects, spread over 145 million square feet area in
more than 12 cities. Some of the major cities that Godrej has its presence
includes Ahmedabad, Bengaluru, Chennai, Chandigarh, Gurgaon, Hyderabad,Kolkata, Kochi, Mumbai, Mangalore, Nagpur, Noida, Pune and others.
For its
immense contribution towards the real estate market, Godrej Properties has
received innumerable awards and recognitions in the recent past, which includes
"India's Top Builders Award" at the development world Architect and
Builder (CWAB) Awards 2018, "Developer of the Year Award" at Golden
Bricks Awards 2016-17, "Golden Peacock national great Award 2017"
with the aid of Institute Of administrators, as well as being ranked 2nd in
Asia and 5th globally by GRESB (international real estate Sustainability
Benchmark).
Along with
providing quality living and developing sustainable commercial hubs, Godrej
Properties has also carved a niche for itself for providing an outstanding
platform of opportunities to its dynamic and motivated talent pool, making it a
comprehensive and holistic workplace and organisation, that is equally admired
by its customers, investors, partners as well as employees.
The market
of Delhi-NCR is witnessing strategic and cautious new launches that ware being
done under the radar of the Real Estate (Regulation and Development) Act, 2016.
It has been noticed that there has been a rise in demand with sales witnessing
an upsurge last year, which indicated a revival of confidence in the market
place. With the micro residential markets witnessing a surge in Noida, Uttar
Pradesh, demand and supply in the residential property are seen to be on the
rise in the area too. It is being seen that the price range for residential
property in the area is around INR 4,140 to INR 7,160 per square feet. Also,
there has been a mix of completed, together with, under-construction projects
in the area. They are nearer to the employment hubs such as NSEZ, Greater
Expressway Noida and Sectors 62, which are boosting demand of real estate in
the city too.
Seeing a gradual movement in the prices as well
as sale of properties in the last one year - particularly in the areas where
infrastructure and other basic amenities have improved, Gurgaon has been
witnessing a gradual change in the real estate sector. The change in sentiment
has been particularly strong in areas such as Dwarka Expressway. It has been
seen that in this particular place, there has been an upscale in purchase and
sale in the secondary market or pre-owned homes. Developments such as closure
of land allotment, allotment of work in Dwarka Expressway in Gurugram given to
L&T as well as water supply done by Gurugram Metropolitan Development
Authority in the developing sectors led to a spurt in buyers' demand. In
comparison to the previous years, real estate players opine that buyers in the
city are no longer chasing for properties but they are looking at space where
they can experience luxury. Gurugram market is basically driven by consumers
who are mature and visit the property few times, look at the pros and cons
before arriving at the decision of buying the property. With that majority
end-users have been demanding properties in mid-segment range - from the price
band between INR 60 lakh to INR 1 crore. Along with this, development of
infrastructure together with availability of basic amenities such as water,
roads, sewage and power are also helping in increase of demand.
Mumbai – the
financial capital of India – is the 16th most expensive residential property
market globally. Although the city has the most expensive real estate market,
it still stacks against many other markets. Mumbai would buy ten times the
space in comparison to Monaco and nearly over three times in comparison to
London or New York. In the meanwhile, Dubai allows more than 50 percent more
space than Mumbai. Given the positive side, affordable segment has seen a rise in
the past. Demand for the residential segment in last year has been very
optimistic, with major projects being announced in many of the suburbs in
Mumbai.
Pune is
being considered as one of the major and fast-growing real estate markets in
India. In fact, it is one of the few markets that has been witnessing steady
rise of mega projects by prominent real estate companies, especially in
high-growth clusters. Owing to high number of software companies, educational
institutes and start-ups in the city, Pune has become a real estate hub
catering to a high number of professionals, small families, students and even
expats through its various residential projects and townships. In fact, Pune's
real estate market is considered to be attractive for residential projects in
all its categories – starting from budget housing, affordable housing,
mid-income housing to even super-luxury townships.
Also known
as the "Silicon Valley of India" - Bangalore is known for its
industrial parks, factories as well as educational institutions. It is also
called the "IT Capital" of the country with initial phase of software
development occurring in the city. It is has several reputed multinational
companies having their offices in Bangalore. It has been seen that there is
huge influx of people from across the country searching for employment
opportunities in the city. Although, there has been a slight dip in the realty
market in Bangalore in the recent times, the demand has seen a surge with the implementation
of RERA. Of lately, the real estate market in the city saw an upsurge with many
launches together with exciting deals. Places such as Kanakapura Road,
Yelahanka, Hennur Road, Sarjapur Road and Devanahalli which are on the
outskirts of the city have been growing rapidly – with increasing connectivity
and infrastructure.
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