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Expansion plans going slow with land scarcity

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It is reported by the sources to the www.propertykhazana.com that Realty companies are on the hunt for the lands to execute their projects. In the meantime, the property prices have escalated by 10-15% in almost all the localities of Mumbai.
It is also said by the sources to the www.propertykhazana.com that major realty players are in the race to acquire the desired lands to shape the projects. Nirmal Life Style is required with up to 8 Lakh Sq.Ft of commercial space apart from the current project in Mulund. Meantime, the Runwal Group has brought the land in Andheri for the proposed R-Mall multiplex and Housing venture.
Contrary to the above, the Raheja Group is about to start the construction of a 2 Million Sq.Ft mall in Vashi. The KSL Realty and Infrastructure is on hunt of land for its proposed projects covering the area of about 5 Lakh Sq.Ft in Maharashtra, Gujarat Himachal Pradesh, Dadar and Nagar Haveli. Further more the Hiranandani Constructions is eyeing on the suburbs like Thane and Mulund for its projects implementation.
Now getting the required land at the desired locations has become a hard task for all the builders and many are humbling for nation wide identification through their projects and this cause has only created the demand says the realty analyzers to the www.propertykhazana.com . Adding to the boom the new tie-ups like the Walmart and Airtel, a JV of Carrefour and Mukesh Ambani is raising the expectations among the sector. If the revealed sources to the www.propertykhazana.com are to be believed then the Reliance Retail has purchased 8 lands at the DDA Auction for a whooping sum of Rs. 986 Crores, Further it is also reported that, the Tata Group, Godrej and Wadias are ready for the Joint Ventures with the new partners.
It is the customer finally to get confused with the multiple offers and new shopping cultures in the short time.
Source: NIMMA BENGALURU

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