Grihapravesh Buildteck partners Radius for Noida housing project
Oct 11, 2013
Source : The Economic Times


DELHI: Realty firm Grihapravesh Buildteck today announced tie-up with technology firm Radius Group for providing energy efficient devices in its housing project at Noida, which is being developed at a cost of Rs 280 crore.

Mumbai-based Grihapravesh Buildteck is developing its first housing project in the NCR comprising 500 units.

"We have collaborated with Radius to provide us with world class energy efficient technologies. This will benefit of our customers as they will get itemised bill for electricity consumed," Grihapravesh CMD Abhay Kumar told reporters here.

Kumar said the company had launched the project in 2011 and the construction would be completed next year.

Asked about investment on Noida project, Kumar said it would be about Rs 280 crore including land and construction.

"We have already invested around Rs 175 crore in this project which has been sold 70 per cent so far," he said, adding that flats are being sold in a price range of Rs 60 lakh to Rs 2 crore.

Elaborating on the partnership, Kumar said the company would be able to offer a complete energy management of the home to the buyers through this tie up. This would cost the company additional Rs 5 crore.

This would be the first project which is compliant to Machine-to-Machine (M2M) communication technology based green building in the country, he claimed.

Grihapravesh has completed 5 projects in Mumbai and Pune region and is currently working on three projects -- two in Pune and one in Noida, comprising 1500 flats.

Gurgaon-based Radius Group is a technology firm involved in design, supply and operation of technology solutions in the areas of smart metering, advanced metering Infrastructure, home energy management and infrastructure management.



Latest Realty News

Realtors bet on star power
Oct 11, 2013
DELHI: Deepika Padukone endorsing realty firm Ace Group is the latest entrant in the long list of celebrities and cricketers becoming brand ambassadors for developers, who are all out to attract buyers this festive season.
CCI dismisses charges of abuse of dominance against Eldeco Housing
Oct 11, 2013
DELHI: Fair trade watchdog CCI has dismissed the charges of abuse of dominant position against realty firm Eldeco Housing and Industries in the market for residential flats in Lucknow.
HC seeks status report on illegal construction on govt land
Oct 10, 2013
DELHI: The Delhi High Court has sought status report from DDA and other agencies of city government on a PIL alleging "rampant" illegal construction on public land in and around the capital.
Asia to invest $150 bn in real estate globally
Oct 10, 2013
DELHI: Asian institutional investors are looking to invest $150 billion in global real estate in the next five years, with a focus on cities like Dubai, London, New York and Sydney, according to a new research.
Fresh demand for 2.8 million homes in 2013-17 to be seen in top eight Indian cities: Cushman & Wakef...
Oct 10, 2013
DELHI: Top eight cities, including NCR and Mumbai, would witness an additional housing demand of 2.8 million units in the next five years, but supply will lag behind due to economic and regulatory issues, says property consultant Cushman & Wakefield.
44 illegal colonies in Gurgaon to get amenities
Oct 09, 2013
DELHI: In a move that will provide relief to lakhs of residents living in unauthorized colonies in the city, the Haryana government has passed the Haryana Management of Civic Amenities and Infrastructure Deficient Municipal Areas (special provisions) Act 2013. This will enable the Municipal Corporation of Gurgaon (MCG) to provide basic amenities like water, electricity, roads, streetlights and sewage disposal to the residents living in these areas. The urban local bodies department has already i
Office space absorption fell by 14% in Jul-Sept in top seven cities
Oct 09, 2013
DELHI: Leasing of office spaces in India's top seven cities fell by 14 per cent to around 6 million sq ft during July-September compared with the previous quarter with corporates still being cautious about expansion amid subdued economic outlook, property consultant CBRE said.
No buyers for Lutyens’ Bungalows for fear of getting spotted by politicians looking for funds
Oct 09, 2013
DELHI : Available now: A dozen or so bungalows in the heart of Delhi. Nice, quiet neighbourhood. Lots of trees. Generous parking space. Few high-rises in close proximity. Suggested price of 150 crore and above said to be a bargain.
Curbs on realty foreign direct investment below 50% may stay
Oct 09, 2013
DELHI: The government may reject the urban development ministry's proposal to scrap all restrictions on foreign direct investment below 50% in real estate on the grounds that there can be no exemptions on rules such as minimum area norms.
Buying a property: Read the sales agreement carefully
Oct 08, 2013
DELHI: It can take months, even years, to find a dream home. After extensive bargaining, when you manage to seal the deal, remember to go through the sale deed in detail before signing on the dotted line.

Latest Realty News Of State

Realty Talk's