By Accommodation Times Bureau
Mumbai and its Metropolitan Region alone have witnessed 48 residential projects during period between Dusserra and Diwali. One of the biggest project launched by Lodha Group at Mira road which got fantastic bookings within three days of its opening. Besides this, Omkar, Ambika, Dotom, and many such builders who have newly launched these projects. Many new phases were launched of ongoing projects. Total approximately 35,000 residential units were newly launched in Mumbai and MMR. Majority being in Panvel, Mumbra, Kalyan and Dombivali.
In Delhi NCR, a ray of hope after Godrej did a miracle, new projects in Faridabad, Merut, Noida Extension, Eastern Delhi and many part of Gurugram seen spurt of small and big project launched. Some of the old stalled projects were taken over by new entrants with new schemes. Although rates are stable but demand is picking up since many old buyers are now going in for a fresh booking. In all, NCR and Delhi have seen 31 new projects launched some of which are still to get RERA registration and officially to be announced. A pre Launched is truly happening now and brokers are key for such good deals. Total approximately 12000 residential units were launched and majority of them booked in these 31 new projects.
Pune district, Pimpri and Chinchwad having almost 7000 ongoing projects. This festive season, the Pune city alone seen 44 new projects / new phases launched. The district have seen more than 100 new projects launched.
Bangalore now gearing for a big leap. North Bangalore have seen 23 new projects launched with many going in for new phases according to RERA definitions.