Arbaaz Khan Inaugurated Indian Property Show

According to experts, in present real estate is one of the most profitable and secure investment instrument in India and the main reason behind that is the depreciation of Rupee and ease of FDI flow as well as upswing in NRI investments.

On December 5, 2015; in Dubai UAE the most awaited and popular exhibition of Indian properties was inaugurated by Arbaaz Khan, Bollywood actor and Brand ambassador of the Indian Property Show. This Indian Property Show was held at Dubai World Trade Centre for the duration of 4 days ie. December 1 to December 3, 2015 between 11 AM to 8 PM, during the property expo more than 170 developers, Banks and cream of the Indian real estate construction companies participated with more than 600 projects. In this property show entry and parking of vehicle was free.

Details about Indian Property Show:

In this Indian Property Show there were more than 170 exhibitors including real estate developers, construction companies and Banks, however; more than 600 projects were on display. The main attraction of the property show was that here real estate developers were offering amazing discounts with free tickets for visitors, apart from that there were also the kid’s competition which was worth AED 44000 in the form of an apartment worth Rs 25 lacs. In Dubai or UAE this property show was ideal for those who wish to invest in Indian real estate sector as this property show was exploring a variety of properties in India and people have an opportunity to interact with developers on one-on-one contact.

Attractions in the Indian Property Show:

To attract the investors, there were many banks with an aim to finance their investments and apart from that there were attractive promotions pre-launch offers, lucrative discounts and free gifts such as; free air tickets to visit the property in India. Apart from that for children’s there were a special art contest in which they were able to win the gold bars worth AED 44000. First time ever in any property show children have become an integral part of the show as organizers was offering exclusive drawing contest for the Children’s who were between the age of 5 to 8 years and 9 to 12 years. The theme of the contest was “Draw Your Dream Home” where winners in each group were awarded with 100 gms, 50 gms, 20 gms gold bars.

Importance of Indian Property Show in Dubai, UAE:

In present, NRIs (Non-Resident Indians) are extremely active in Indian real estate market and according to reports; NRIs are among the top five investor communities in the Indian realty sector. Apart from that they also have natural affinity to India and due to that NRIs are seeing higher intrinsic value for Indian real estate market and due to that they prefer to own property in India rather than owning property anywhere else in world. And now depreciation of Rupee and ease of FDI flow has provided them reason to invest in India.

According to Sunil Jaiswal¸ President of event organizer Sumansa Exhibitions, “Due to  rupee depreciation by 20 percent against US dollar, it perfect time for NRIs to investment in India and apart from that the other driving forces are; that real estate sector is one of the fastest growing sector in India and it is able to provide big and secure returns with more positive prospects. There are some projects which are coming up in 100 smart cities and these projects have captured NRIs eye with the government easing FDI flow in such projects the investment is expected to boost further”. The more he added that Due to easy payment plans which real estate builders are offering its affordable to manage the investments for affordable smaller units as major developments are coming up in Tier II and III cities and it is expected that investment of NRIs will improve the outlook of property market in India. However; Pune Chennai, Mumbai and Hyderabad are the cities which are most popular among the NRIs due to higher chance of capital appreciation, however; according to property experts, cities like; Chandigarh¸ Jaipur, Coimbatore, Kochi and Indore will come in focus till next year”.

Participants of Indian Property Show:

In Indian Property Show, there were plethora of choice with more than 170 exhibitors, who were there for displaying more than 600 projects with ample opportunity to browse and find the best suitable property in terms of size, city preferences and budget. The main hosts of the property show were some of the best Indian developers such as; Indiabulls¸ Lodha Group, Bhartiya City, L&T, Sobha Developers, Rachana Lifestyle, Unique Group, JP Infra, Sheth Creators, Akar Realty, Sunteck India, Mantri Developers, Ozone Group, Kanakia Kalpataru, Jaypee Greens, ATS Satya¸ Supertech, LifeSpaces, Godrej¸ Saarthi Group, Suvilas Rajesh, Unnati fortune¸ Antriksh and Risara . Apart from that for visitor there were choice to buy property in preferred cities of country such as; Delhi, Noida, Greater Noida, NCR, Navi Mumbai, Gurgaon, Kolkata, Goa, Ahmedabad, Mumbai, Pune, Chennai, Jaipur, Coimbatore, Hyderabad, Bengaluru ,Mangalore and Kochi.

Informative Seminars and Sessions:

All the visitors at the show were able and allowed to attend free interactive seminars for three days which was conducted by the real estate developers and major finance companies and it was the main highlight for this year’s property expo, apart from that people appreciated sessions on Property Taxation, however; the other sessions were; Property Investment in India¸ Taking Care of the Legal Angles, Vaastu, Know Your City, NRI Guide to Property Investment in India, Residential Real Estate Hot Spots in South india and more. Legal experts, also help the investors to take informed decisions on the various aspects of property purchase. Apart from that legal experts were also helping the NRIs to sell their existing property in India at good price.

There were many projects which was offering different kinds of promotional schemes, discounts and free gifts such as; Property Dhamaka offers low-interest loans and fabulous discounts with free air tickets by Jet Airways. Bhartiya City and Indiabulls were the Platinum Sponsors of the property show with Jet Airways,who was the Official Airline Partner. However; AajTak and Sony Times Now were the Official Television Partners and 89.1 Radio 4 was the Official Radio Partner of the Indian Property Show.

Godrej Properties sells 300 flats worth Rs 700 crore in Mumbai

The real estate division of Godrej Group had launched The Trees, its flagship project in the Vikroli suburb of Mumbai about two weeks ago. Out of the 374 flats in the offing, 300 have already been sold in the first week of its launch, the company said in a statement.

Besides a residential complex, The Trees comprises commercial development spread across 9.4 acres. Godrej One and the Godrej Group’s global headquarters have already been developed. This project is a central mixed-use zone which will house a 5-star luxury hotel, cultural buildings, luxury residential, and retail spaces, the company statement reads.

The residential development is expected to cover over 6.7 acres and the first phase will have a sale able area of 5 lakh sq ft.

“The value of apartments sold in The Trees during the first week is in excess of 700 crore making it our most successful launch. We are thrilled with the customer response to the project and will ensure we deliver an exceptional product to our customers,” Pirojsha Godrej, Managing Director & CEO, Godrej Properties said.

Godrej Properties Launches ‘The Trees’ in Vikhroli

Godrej Properties on Thursday launched The Trees, a flagship project spread over 34 acres of land, the Mumbai based real estate arm of the Godrej Group said in a report filed with the BSE.

In the first phase, the company plans to develop a residential project that will have a total of 374 apartments with a sale able area of nearly 5 lakh square feet.

The Trees consists of 1 BHK, 2 BHK, 2.5 BHK, 3 BHK, and 3.5 BHK apartments with carpet areas ranging from 480 square feet to 1,334 square feet. The project will also build Penthouses with carpet areas ranging from 2,043 square feet to 2,465 square feet.

The shares of Godrej Properties jumped nearly 5 per cent intra day on the news of this launch.

Godrej properties is planning to launch 14 new projects in the current year

India’s leading real estate firm Godrej Properties is going to monetize commercial assets of worth Rs 2000 crore in the period of next two to three years to reduce the debt.

Apart from that now company is also planning to launch the 14 new projects in the current year to explore the more opportunities and more residential as well as commercial projects of the future development, as per the statement of Pirojsha Godrej, CEO and MD of Godrej Properties. The more he added that our debt is increasing and it’s about Rs 2,750 crore at the end of March 2015, but still hopes that by selling commercial properties of worth Rs. 2000 crore in next 2 to 3 years we will reduce the burden of debt.

On March 31, 2015 the net debt of the company was about Rs 2,764 crore however; at the end of December 2014 it was Rs 2,605 crore. Apart from that one of the Mumbai based local real estate developer is construction the large commercial project known as the Godrej BKC at the Mumbai and apart from that two or three more commercial projects are coming up in the city Chandigarh and Kolkata. Godrej said that our proposed launches are the 14 projects hich are in the current fiscal and out of them 7 will be in the Greenfield projects whereas; other seven will be the new phase in other existing projects. But still Godrej has not given any guidance on sales booking for the projects which are set to launch for the year 2015 and 2016.

However; company has achieved the volume of sales booking of Rs 2,681 crore or 3.9 million sq ft area in last fiscal. it has also received the record annual residential sales with the worth of Rs 2,400 crore or 3.6 million sq ft in the year 2014 to 2015. According to the Godrej officials now company is looking for the new projects in current fiscal through the joint venture with different land owners. The more they added that we are exploring the new opportunities in the real estate sector in the city which are present. We are also focusing on the micro markets such as; Delhi/NCR and Noida.In 2014 to 2015 the company has launched the five new projects with the saleable area of 8 million sq ft.

Godrej Properties is the only realty firm of the Godrej Group, which is currently developing commercial projects, residential projects and township projects which are spread on the area of more than 108 million sq ft in more than 12 cities. However; Godrej properties record the 20 per cent rise in the net profit which was Rs 190.90 crore against the Rs 159.43 crore in the previous year, whereas; the total income rose by 54 % which was about Rs 1,926.56 crore for the year 2014 to 2105.

Godrej properties, Dubai, UAE

On November 23, 2014, Godrej properties opens its first representative office in Dubai, UAE. Godrej Properties opens representative office in Dubai Godrej properties today announced that it has opened its first international representative office in Dubai, UAE. This office is located at Regus Nassima Tower in Sheikh Zayed Road, Dubai, which is key business district in UAE. In past few years Godrej properties has been constantly engaging and attracting the customers through various exhibitions and events in international market and this market includes, Africa, U.K, , Singapore, Hongkong, Dubai, Australia and USA.

After the opening of this new representative office, Godrej properties Ltds. will directly engage with Indian Diasporas located in all over the GCC market. According to Mr. Girish Shah, EVP, Marketing & Sales, Godrej properties, “We all are happy after launching the first international representative office in Dubai and Godrej properties has always believed in connecting with customers on personal approach”. Most of the NRIs are living in the Dubai and they all are constantly looking for home buying options in India, but with this office they all will have the easy choice to make the property buy buying decision.

About Godrej Properties Ltd:

Godrej properties help to bring the Godrej Group in the philosophy of innovation and excellence for the real estate industry. Godrej properties development combines a 117 year legacy of trust and excellence with cutting edge technology and design. Godrej properties provides end to end services, by working with best designers, architects and contractors within India and in all over the globe to deliver creative, sustainable and imaginative dream spaces.

Presently, Godrej properties is developing the several commercial, residential and township projects in all over the country, which is spread across 9.6 million square meters in more than 12 cities. Godrej properties has always embraced the notion and notion with the essence of excellence. With the help of best talent in real estate sector, Godrej properties works to create developments for next generation, which is the need of every resident.

Awards:

In last few years, Godrej properties has received more than 80 recognitions and awards, which includes the Popular Choice Developer of the Year -2013 by awarded by ET NOW.