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All is well in 2007 says Indian Real Estate companies

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2007 was the golden year for the Indian Realty Industry and the whole year observed huge blast in the segment trouncing all the forecasts of potential real estate destiny. As per the data available with the www.propertykhazana.com some of the realty contracts of the year comprise the auction of 7,107 Sq.Mtrs plot at Bandra Kurla Complex belonging to the MMRDA for an amazing amount of Rs. 5.04 Lakhs per Sq.Mtrs and the soaring bid for the property anywhere in the country. And a flat at Nariman Point fetched Rs. 97,842 per Sq.ft bid from a UK based NRI established to be a record high of kind, also strengthening the well-liked feeling that Mumbai has the flare on the realty face.
The source further adding @ the www.propertykhazana.com said that 9,178 acres township venture “New Bangalore City” at Bidadi, where realty chief DLF grabbed in grouping with the Dubai based limitless turned out to be the soaring and the alone biggest real estate investment in the country till now and the venture is likely to turn out about Rs. 50,000 Crores worth. The real estate feat in the capital market and the market was on sky-scraping with IPO of DLF collecting in a record of Rs. 9,625 Crores. A striking number of township ventures were declared this year, while some analysts say land was given the go by in the opinion. Year also witnessed a growth demand for quality workers and salaries of civil engineers rise as also the need for their services.
Source: NBTVLIVE

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