The Indian real estate market may be in a slump but the onset of the festive season seems to be bringing in good cheer for the country’s tallest building project — the HDFC, Temasek and Government of Singapore Investment Corporation backed Lodha World One.
According to Mr. Abhisheck Lodha, MD, Lodha group said, “We have seen bookings above Rs 100 crore during this festivel season at the World One project. There has been a strong pick-up in sales after a lull and with this about 50% of the project has been sold so far,”
The developer has got approval only for the first 90 floors and is awaiting approval for the balance 27 floors proposed for the project.
Mr. Lodha also said, “The height limitations generally placed on buildings in Mumbai would impede construction of an iconic tower such as this. We are awaiting the results of a study being conducted by the International Civil Aviation Organisation for the proposed height and are hopeful of a positive outcome. The company claims that the project construction is on track and international property management firms have been sounded out to manage the facility once it’s constructed.
The firm is charging about 20% of the apartment sale price as the booking amount and has managed to net customers who have seen that they poured 14,000 cubic metres of concrete at one go at the project site.
Mr. Joygopal Sanyal, National Director, Jones Lang LaSalle said, “Booking of Rs 100 crore is a healthy number in this market condition. But since this is a high-end project one has to see how the apartments are priced.”
According to Mr. Abhisheck Lodha, MD, Lodha group said, “We have seen bookings above Rs 100 crore during this festivel season at the World One project. There has been a strong pick-up in sales after a lull and with this about 50% of the project has been sold so far,”
The developer has got approval only for the first 90 floors and is awaiting approval for the balance 27 floors proposed for the project.
Mr. Lodha also said, “The height limitations generally placed on buildings in Mumbai would impede construction of an iconic tower such as this. We are awaiting the results of a study being conducted by the International Civil Aviation Organisation for the proposed height and are hopeful of a positive outcome. The company claims that the project construction is on track and international property management firms have been sounded out to manage the facility once it’s constructed.
The firm is charging about 20% of the apartment sale price as the booking amount and has managed to net customers who have seen that they poured 14,000 cubic metres of concrete at one go at the project site.
Mr. Joygopal Sanyal, National Director, Jones Lang LaSalle said, “Booking of Rs 100 crore is a healthy number in this market condition. But since this is a high-end project one has to see how the apartments are priced.”
No comments:
Post a Comment