Experts attribute this to economy slowdown and political uncertainty with the general elections round the corner.
A farmhouse colony would be a cluster of 20-30 farmhouses, each with an area of 1-2.5 acres, spread over at least 100 acres.
The project will have 28 floors, with 324 apartments spread over 16 acres, and is likely to be announced in the next one or two months
Costs on the outskirts soar 50-100% through past year
At Rs 10-25 crore each, with star design and promotion, the segment is supposed to be recession-proof.
According to experts tracking the realty sector, sites such as Magicbricks.com, 99acres.com and makaan.com are fast-becoming the choice of consumers looking for renting a property, as such sites let them directly connect with the owner and save time and money.
The tie-up with IBM for Wave City, to be spread over 4,500 acres, is meant to provide information on traffic management through SMS alerts and billing usage.
NTPC raises new demands, while CIL is not willing to yield
With the recent Budget announcements, the sales in the affordable segment are expected to increase.
In an interview with Business Standard, CIL Chairman Singayapally Narsing Rao attributes the performance to volume growth but adds a decision on price hike will be taken at an appropriate time.
The move comes at a time when consumers are shunning high-quality coal, which has become costlier than prevailing market rates globally.
A day after the Budget, the industry estimates the sale of affordable homes could increase up to 20 per cent this year due to an additional exemption granted to first-time buyers.
This comes against the backdrop of the capital expenditure of these companies rising a mere 1.7 per cent this year, though the projection at the beginning of the year was of six per cent growth.
Major companies DLF and Unitech have posted an increase in their net profit after a gap of almost two years.
Policy could end land acquisition and green nod problems, and encourage foreign investors.
The allocations followed two stages.
While the thrust will be on pan-India residential projects, office and retail launches, too, will add up to make for the realtor's project mix of 12 to 16 million sq ft during the coming year.
To float SPV, levy user charge on consumers to cover investment cost.
The steepest hike is in poll-bound Gujarat. Agricultural tariff in the state grew 47.2 per cent.
CIL is charged of discriminating in favour of public sector firms in the reworked format of fuel supply agreements.
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