Bangalore Based Realty Group Woos Gujarat Buyers with Kerala Properties

In what could be a novel trend, a Bangalore based realtor held an exhibition in Gujarat on 25^th May, targeting the huge population of Keralities living in Ahmedabad and elsewhere in the State. The purpose ostensibly is too get them to invest in the 600 luxurious housing units under development in Trissue, Trivandrum, Calicut and Kochi. Apart from natives of Kerala, the show also attracted other investors. This is the first time the Confident Group, one of the largest realtors in South India, has hosted a show in Gujarat. 

They perceive the exhibition as an opportunity to understand the local market and fine tune offers, according to Ajay Raj, marketing officer. The two and three bedroom apartments cost between Rs. 24 to Rs. 72 lakhs. The feedback would help the Group develop projects that would attract the Malyali diaspora from around the world. The Group, already active in hospitality, aviation, entertainment and healthcare besides being the owner of the largest hotel chain in Bangalore seems to be breaking out on an upward trend.

The Confident Group is also in the news as being the Official Sponsor of the West Indies Team for the ICC Champions Trophy in England in June 2013 and the ICC World Twenty20 to be held in Bangladesh in 2014.

:place w:st="on">India by the end of 2015.

A project by the group in Siliguri costing about Rs. 200 crores is also on the cards with possession expected to be given to buyers by the end of this year. 

Rajasthan Government Announces Relaxations for Builders

The Rajasthan State government has relaxed its policies for builders as regards limits on housing for economically weaker sections and lower income groups. Builders can now utilize land for additional construction in the wake of the relaxation policy. The policy stipulated that builders launching schemes of group housing with 5000 square meter area would have to reserve 5% of construction area of 15% of constructed units for the above mentioned two groups. 

The amendment to the policy states that houses for LIG and MIG can be reserved in one housing scheme with a quota for both, allowing him to realize greater value on prime land while using the other scheme for EWS and LIG housing.  The policy amendment came in the wake of representations by builders who claimed that such restrictions imposed a heavy burden on the buyers who directly subsidized housing for EWS and LIG. Besides, the policy proved a stumbling block for approvals by civic bodies. Another obstacle was that the rich would not want to stay in the same complex housing EWS and lower income groups since exclusivity was the buzz word. So far the implementation remained on paper since builders simply gave a written undertaking without actually taking any steps to develop flats for EWS or LIG.

***

oject uses nature as an inspiration and provides harmony of environment and buildings. A five star hotel is also proposed inside the project area, with international tie up. Jain Group is famously associated with Best Western, the world’s largest hotel chain and it plans about 15 hotels throughout India by the end of 2015.

A project by the group in Siliguri costing about Rs. 200 crores is also on the cards with possession expected to be given to buyers by the end of this year. 

Jain Group to Launch Affordable Housing Projects with Rs. 2000 crores in West Bengal

Kolkata based Jain Group has announced the launch ofaffordable housing projects across Kolkata, Durgapur, Siliguri in Bengal and Bhubhaneshwar in Odisha. The projects cover an area of 5 million square feet at a proposed investment of Rs. 2000 crores.

The announcement follows in the wake of the launch of a residential project “Dream Eco City” in Durgapur in West Bengal. Two more projects are planned for this city, one by end of this year and the other by the middle of 2014.

Mr Rishi Jain, Executive Director of Jain Group told reporters that the first phase of the project comprising 800 flats at a cost of Rs. 400 crores is underway and should be ready in four years’ time. Uniquely designed, the innovative project uses nature as an inspiration and provides harmony of environment and buildings. A five star hotel is also proposed inside the project area, with international tie up. Jain Group is famously associated with Best Western, the world’s largest hotel chain and it plans about 15 hotels throughout India by the end of 2015.

A project by the group in Siliguri costing about Rs. 200 crores is also on the cards with possession expected to be given to buyers by the end of this year.