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This is an archive article published on August 11, 2012

City Lights: Ashiana Housing launches luxury project in Bhiwadi

Ashiana Housing launches luxury project in Bhiwadi

Ashiana Housing launches luxury project in Bhiwadi

Ashiana Housing has launched a luxury development “Tree House Residencies” in Bhiwadi,Rajasthan. The project comprises of 36 apartments that would come up in four towers of nine storeys each. Of this,34 apartments would come in 4BHK configuration having an area of 3255 sq ft. and two 5BHK apartments in the area of 3755 sq ft. The apartments will come with pre-fitted split air conditioners and top of the line amenities. Prices range between Rs 1.25-1.5 crore.

Tata Housing launches project in Ahmedabad

Tata Housing and Arvind Real Estate have launched the second phase of the 135-acre integrated sustainable township in Ahmedabad,with a mid-range affordable housing brand ‘New Haven Compact’ in Ahmedabad. The project architecture and design theme is based on the way of life in Gujarat. It is located on the Vadsar-Kalol Road,Near Arvind Mills campus and offers 21 buildings of 1 BHK of G+4 structures,priced at Rs.12.9 lakh onwards. The project offers amenities such as swimming pool,gymnasium,volleyball court,retail shopping facilities and indoor games room.

Panchshil launches luxury project in Pune

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Panchshil Realty has launched US property mogul Donald Trump’s real estate project called ‘Trump Towers Pune’. The project sees the entry of the ‘Trump’ brand of luxury into the domestic real-estate market and is expected to be completed by 2015. The project is slated to be one of the tallest residential buildings in the city and is spread on a 2.5-acre site with 44 luxurious condominiums across two towers of 22 storeys each.

Outlook on realty sector negative in H2: Fitch

The real estate sector faces a negative outlook in the second half of this year mainly due to sluggish demand,high construction costs and liquidity pressures,a report by Fitch Ratings has said. The agency observed that RBI’s caution on interest rate cuts and high EMIs will continue to be a deterrent for potential home buyers. “This,together with high property prices and inflation,will keep demand sluggish,” it said,adding however,the year-on-year growth of home loans,which had been slowing since the past year till April,picked up in May and June 2012 and if continued,may help spur the sector.

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