‘Live-in tours’ introduced
‘Live-in tours’ introduced
Online real estate platform CommonFloor.com recently announced the launch of ‘Live-in Tours’ for the rental and resale realty market in India. This technological breakthrough offers real
property experience to the seekers using cutting-edge mechanics allowing the buyers and tenants to get a complete perspective of the rental, resale andnew properties from anywhere, at any point of time, on-the-go.This feature provides a 360-degree view of the property, right from wall-to-wall and ceiling to floor.
Commenting on the launch of this innovative feature, Sumit Jain, Co-founder & CEO, CommonFloor.com, said, “As a new-age online realty player, we are committed to simplifying and revolutionising the process of property search. We intend to introduce this feature across 18 major cities by March 2016 and plan to have five lakh properties listed with Live-in Tours.”
This feature can be accessed on the personal web, mobile app and will soon be available on mobile web
Live-in Tour by CommonFloor.com works as a great filter for property seekers, helping them shortlist prospective properties of their choice and eliminate the need of physically visiting the properties to a great extent. The offering is live on CommonFloor.com and is absolutely free for the end-users. It currently has over 1000 properties from three key cities: Bangalore, Delhi and Mumbai.
Housing.com expands footprint in Chandigarh, Panchkula
Housing.com will expand its rent and resale category operations in Chandigarh and Panchkula. Consumers looking at renting or buying resale home in the city can log on to Housing.com's online and mobile platform to avail its services. "We are delighted to venture into the Chandigarh and Panchkula markets which are constantly developing and contributing to successful economic growth. Our mission at Housing.com is to list each and every house in India on our platform and to provide the consumer with the best home buying services. With our technology, consumers can now look up to a hassle free home buying experience" says Rishabh Gupta, COO from Housing.com
Housing has also expanded its rent and resale category operations into 19 additional cities in India which include Visakhapatnam, Kanpur, Ludhiana, Rajahmundry, Coimbatore, Vijayawada,Tiruchirappalli, Thiruvanthapuram, Nellore, Ambala, Guwahati,Bhubaneswar, Rohtak, Jodhpur, Bilaspur, Varanasi, Ranchi, Jabalpur and Goa.
Godrej Properties to sell commercial assets
Realty firm Godrej Properties is targeting to sell Rs 2,000 crore worth commercial assets over the next 2-3 years to reduce debt. The company also plans to launch 14 projects this fiscal and is exploring opportunities to add more projects for future development, Godrej Properties Managing Director and CEO Pirojsha Godrej said.
“Our debt has increased to reach about Rs 2,750 crore at the end of the March quarter,” Godrej told PTI when asked about the company’s debt position.
“We hope to sell Rs 2,000 crore worth commercial properties over the next 2-3 years. This will be utilised to reduce our debt,” he added.
Godrej Properties’net debt increased to Rs 2,764 crore as on March 31, 2015 from Rs 2,605 crore at the end of December 2014. About two-thirds of the debt is attributable to the commercial projects.
Godrej said the company is looking to add new projects during this fiscal through joint venture with land-owners.
"We are exploring opportunities in the cities where we have presence. We are also looking at Delhi-NCR's micro-markets which include Noida," he added.
IFC partners with Tata Value homes
IFC, a member of the World Bank Group, will invest $25 million alongside Tata Value Homes, a 100 per cent subsidiary of Tata Housing, to finance affordable housing projects for low-income households across India. The project will help bridge the country’s significant housing deficit.
IFC’s investment will provide Tata Value Homes with long-term capital to develop about 16,800 homes over the next 10 years.
“Our partnership with IFC will help increase availability of affordable, value housing in India,” said Brotin Banerjee, CEO and MD, Tata Housing. “Tata Value Homes believes that owning a home is often a catalyst for people to improve their lives. Over the past few years, we have delivered over 5,000 apartments in the price range of $8,000 to $50,000 (Rs 5 lakh to Rs 30 lakh) across various townships. This partnership with IFC will help us become India’s largest home provider in the value and affordable housing segment by 2018-19.”
— TNS and Agencies
