Indiabulls Exits Real Estate Market

Indiabulls exits real estate market

Indiabulls group has announced its intent to merge with Lakshmi Vilas Bank, a Tamil Nadu based private bank which is the fourth largest housing finance company in India. Indiabulls was incorporated in 2006 with the primary aim to focus on construction and development of residential, commercial and special economic zones in various metros. Why it plans to exit? Over the last 1 year, the company was streamlining its real estate by exiting residential projects in Chennai. It was experiencing a prolonged slump in the real estate sector. Over the years, its real estate business has dropped to less than 20%…

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The Rising Demand For Affordable Housing In Gujarat

The Rising Demand for Affordable Housing in Gujarat

Gujarat, known as the most industrialized state of India, now has its real estate agents betting on affordable homes. Gujarat Real Estate Regulatory Authority’s one-third real estate projects fall under the category of affordable homes. Several realty projects like commercial, residential, mixed-use and plotting schemes – ‘Affordable Homes’ has become the new buzzword for Gujarat’s realty sector. With 502 residential affordable housing projects - both in residential and mixed-use - Ahmedabad ranks the highest by holding the most number of projects followed by Vadodara, Rajkot, Surat and Gandhinagar. A recent report by Real Estate consultancy firm Knight Frank India reveals…

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