Ready To Move In Flats

Avg flat size expands 11% in 2023, demand rises for bigger homes: Anarock

Builders are constructing bigger homes to meet consumers' demand as the average size of flats rose 11 per cent last year across seven major cities, according to Anarock. Real estate consultant Anarock has analysed the fresh supply of housing units during 2023 across the primary residential market of seven major cities. The data showed that average flat sizes in the top 7 cities rose to 1,300 square feet last year from 1,175 square feet in 2022. In the Mumbai Metropolitan Region (MMR) and Kolkata, the average size of apartments fell, but it grew in Delhi-NCR, Bengaluru, Hyderabad, Pune and Chennai in 2023. The average size stood at 1,050 square feet in 2019, 1,167 sq ft in 2020, and 1,170 sq ft in 2021. "Northbound housing prices in the top cities have in no way dispelled the demand for generous living spaces," Anarock Chairman Anuj Puri said. The supply of bigger luxury homes increased significantly last year, he said, adding that around 23 per cent of the total new launches were

Godrej Properties sells more than 600 flats for Rs 2,600 cr in Gurugram

Godrej Properties Ltd on Tuesday said it has sold more than 600 flats in its new luxury housing project at Gurugram, Haryana. In a regulatory filing, the company said it has "sold inventory worth over Rs 2,600 crore in its project Godrej Aristocrat, located in Sector 49 on Golf Course Extension Road, Gurugram. " The company will develop nearly 750 apartments in this 9.5-acre housing project. The starting price is around Rs 4 crore per unit. Godrej Properties said this is its most successful launch ever in terms of the value of sales achieved, surpassing the previous best of over Rs 2,000 crore at its project Godrej Tropical Isle in Noida last quarter. MD & CEO Gaurav Pandey said, "Gurugram is an extremely important market for Godrej Properties. We hope to launch four new projects in Gurugram in 2024..." Godrej Properties, the real estate arm of Godrej Group, is one of the leading developers in the country. During April-September 2023-24, Godrej Properties achieved 48 per cent ...

GNIDA registers over 3,000 flats in 3 months, eyes 6,000 by Diwali

Over 3,000 homebuyers have got their flats registered in the past three months, the Greater Noida Industrial Development Authority has said, adding that the number of registration is expected to reach 6,000 by Diwali. "From July 26 till now, flats have been registered in the names of 3,016 buyers," Greater Noida Industrial Development Authority (GNIDA) said in a statement on Wednesday. The registration department has earned Rs 86.81 crore, it said. The authority also said it aims to register 6,000 flats and give possession their owners by Diwali in November. NG Ravi Kumar, cheif executive authority of GNIDA, said the authority has organised a special registration camp for the convenience of flat buyers during Navratri, which is considers an auspicious period. A special camp is being organised in the authority premises and a large number of flat buyers are taking advantage, Kumar said, adding that more than 150 flats were registered on Wednesday alone. He said the authority will k

Price hikes, scarcity of ready homes driving demand in resale realty market

The demand for ready-to-move-in apartments has doubled in the last six months, with inventory running low in many major markets

Buying a flat? Five reasons ready-to-move-in scores over under-construction

Interested in knowing the benefits of purchasing a ready-to-move-in apartment? We give a few reasons to buy one