 "The price of a residential unit, on an average, is 9-10 times annual income in a city like Mumbai, and about six-seven times in most tier-one cities")
Faced with lockdown in many cities and expecting a pent-up in demand, property developers are looking to launch their residential projects online.
A number of developers such as Puravankara, Oberoi Realty and Hiranandani are experimenting with online launches.
While Bengaluru-based Puravankara has already e-launched two projects, Mumbai-based Oberoi Realty is gearing up for its first e-launch in Mumbai.
Puravankara, which e-launched two projects Purva Atmosphere and Provident Woodfield on Saturday, is expecting a booking of up to 80 per cent for these properties. For Purva Atmosphere, the 12-acre luxury project, the e-launch process took 20 days of
A number of developers such as Puravankara, Oberoi Realty and Hiranandani are experimenting with online launches.
While Bengaluru-based Puravankara has already e-launched two projects, Mumbai-based Oberoi Realty is gearing up for its first e-launch in Mumbai.
Puravankara, which e-launched two projects Purva Atmosphere and Provident Woodfield on Saturday, is expecting a booking of up to 80 per cent for these properties. For Purva Atmosphere, the 12-acre luxury project, the e-launch process took 20 days of
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