 |
 |
-
Real Estate India
-
Explore Inside Pages
-
News by Month
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
Indian Millionaires Race to Acquire Land
| December 12, 2006 |  (Be the first to rate this story!) Loading ... |
Realty estate biggies have now set their eyes on Kansal village which is fast emerging as a hot investment option. The known real estate companies are trying to woo people with land holdings to sell their chunks of land. Of these realty players are Tata Housing Development Company and the Yash Birla Group who are bullish about floating their housing projects.
The Tatas seems to be quite interested in taking up the housing projects in the North. Talks are in final stages of negotiations for acquiring land close to Chandigarh, which is approximately 70 acres for its housing project. The company is into the business of developing premium residential complexes, townships, commercial projects. It is also planning to build shopping arcades and hotels in several cities across the country.
Among the co-operative societies are one of 120 Punjab MLAs with 23 acres, an ex-defence officers’ society with approximate 25 acres and the rest from another housing society registered in the name of the university teachers. As most members want to dig out good returns on their investments, convincing the others is not going to be a cake walk for the agents.
The project will come up adjacent to Chandigarh on the Kaimbwala-Saketri road. The members are being offered a whopping price of Rs 70 lakh each as well as an apartment in the project to come up. All of these attractive options are offered with the sole purpose of wooing the members to acquire the land. Such an offer was previously made by the Ansals, one of well known real estate developers in India.
As far as the interest of the Yash Birla Group Infrastructure Company is concerned, they are more inclined towards development of residential project in Ambala, Mohali and Chandigarh. These dwelling units are likely to be spread over minimum 25 acre of land and the townships over 100 acres.
News Published Under: Real Estate India, Real Estate Developers |
|
Add to Favourite:
:
|
Related News:
