Dubai developers launches offices in Mumbai, New Delhi & Bengaluru

Sobha Hartland, the resort-style luxury housing project of Sobha Group, Dubai encompassing 8 million square feet of freehold community land, announced the launch of its  direct operations with the opening of three sales offices in India. The 4 billion Sobha Hartland Dubai is a mixed-use development project on the iconic Dubai Water Canal that boasts of a limited collection of ultra-contemporary villas, townhouses, modern mid and high-rise apartments. This range of luxury products caters to both individuals and families alike looking for their homes in Dubai. These offices set up in Mumbai, New Delhi and Bengaluru, mark the next stage in development and growth at an even faster rate from the new base. Sobha Hartland was launched in 2014. It comprises of Hartland Greens, Hartland Estates and Hartland Townhouses which will be launching shortly. 

Property evaluation app launched

Online real estate portal Magicbricks has announced the launch of ‘PropWorth 3.0', India’s first and only anytime, anywhere app for property evaluation. 

The new version PropWorth3.0 will offer better price estimation, unit configuration and will also allow end users to follow their favorite projects/localities to remain updated about latest price trends. 

It also allows home seekers to voice their opinion through the polls related to real estate sector. Also, the smart notifications let the user remain abreast with latest price trends in their localities. 

“PropWorth is the first-of-its-kind app to be launched in India. With little credible information available on right prices and the uncertainty surrounding property prices post demonetization, the app will prove beneficial for buyers and sellers both as they will be up-to-date with prices of properties, thereby enabling them to transact intelligently,” said CEO Magicbricks.com, Sudhir Pai.

The new version is storage friendly with 4MB app size and will soon be launched for IOS users as well. The app can be used by different consumer sets, e.g. an owner of multiple properties, can use this app to track his real-estate portfolio, property buyers can use this to conveniently find the prices of any property. 

Even agents use this app to benchmark the price of a property. All the computations of the app are based on the real user generated data points which are collected and updated daily, thus making the predictions richer every single day. 

The intelligent checks in the algorithm weed out the anomalies in the data. The research take into account more than 20 variables like location, demand-supply and various trends based on last 10 years of property related data. 

Easy payment plan for  Thane project

Tata Housing recently announced an easy payment plan for Serein project in Thane.

Under this, consumers can book their home by paying just 1 per cent of the total amount and will also have the flexibility to complete 15 per cent payment in five easy steps and pay the balance amount on completion of the structure, Tata Housing said in a release issued here.

Tata Housing recently announced the launch of its wellness homes project in Thane, in partnership with the US Green Building Council (USGBC) and Green Business Certification Inc (GBCI).  

Piramal Enterprises to enter housing finance segment

Diversified group Piramal Enterprises today said it has received board approval to enter into the housing finance market.

The board of directors has given approval for Piramal Finance Ltd, a 100 per cent subsidiary of Piramal Enterprises, to make an application to the National Housing Bank (NHB) for incorporating a housing finance company, the company said in a statement earlier this week.

“Having successfully scaled up our presence in wholesale finance through Piramal Finance, we believe that we have established a blueprint for growth within the real estate asset class. We therefore, feel that the timing is opportune for us to make a foray into retail housing finance,” Piramal Enterprises chairman, Ajay Piramal, said. — Agencies