Purple Bay makes foray into housing projects at Tirupur
Which exported nearly Rs 12,500 crore garments annually, was to provide housing at affordable and reasonable cost
Jun 20, 2013
Source : The Economic Times
 
 
COIMBATORE: City-based real estate home decors company Purple Bay Foundation today made its foray into housing development projects at the nearby hosiery hub of Tirupur.

Stating that the most essential infrastructure needed for supporting the industry in Tirupur, which exported nearly Rs 12,500 crore garments annually, was to provide housing at affordable and reasonable cost, said Harikumar Nair, Chairman, Purple Bay, adding, the company would fill the gap by providing houses measuring 683 sq ft, built in 2.63 cents, costing Rs 12.99 lakh, at Karumapalayam.

In the first phase, the company will offer 68 independent houses, which will have two bedrooms, one living room, two bathrooms, one kitchen and verandah, with underground and overhead tanks, Nair said.

All the houses would be delivered by 2015 end, starting from November and the company would start offering twin-houses and independent houses, depending upon the demand, particularly from the industries, as it has nearly 23 acres of land in possession, he said.

 

Latest Realty News

New real estate bill is a bitter pill the industry needs for long-term cure
Jun 20, 2013
MUMBAI: The proposed real estate bill, if implemented, will hamper cash flows and escalate the cost of capital of realty firms, besides limiting overall growth of the industry.
How new real estate bill could reshape the realty ecosystem?
Jun 20, 2013
MUMBAI: 1) Project Registration When the Real Estate (Regulation and Development) Bill 2013 comes into effect, all projects will have to be registered with a real estate regulatory authority.
Demand for rental homes down as India Inc turns thrifty
Jun 20, 2013
MUMBAI/DELHI/BANGALORE: Demand for rented homes has halved and rents are down by 25% in several popular residential localities in Mumbai, Delhi and Bangalore, as India Inc tightens housing budgets in its battle against economic slowdown.
Borivali West not viewed as a suburb anymore
Jun 20, 2013
MUMBAI: Borivali West, classified as one of the suburbs of Mumbai, grew by 22 per cent in the Jan-Mar 2013 quarter. The average price of the area today commands Rs 15,200 per sq ft. Properties in places like RM Bhattad Road, one of the best roads in Borivali West, fetch around Rs 18,500 per sq ft.
Crime Branch nabs Seashore boss from Mumbai
Jun 20, 2013
BHUBANESWAR: The Economic Offences Wing (EOW) of State Crime Branch today arrested controversial Seashore Group’s chairman-cum-managing director (CMD) Prashant Dash from Mumbai.
Dilsukhnagar offers wide residential options
Jun 20, 2013
HYDERABAD: A part of the Greater Hyderabad Municipal Corporation, Dilsukhnagar is one of the well developed residential areas of Hyderabad. Markets, educational institutions, coaching and training centers, shopping malls and temples are a part of the established infrastructure.
Focus on high-tech integrated townships
Jun 20, 2013
DELHI: High-tech, integrated residential township projects in metros and Tier I and II cities like the Delhi NCR, Mumbai, Pune, Bangalore, Ahmedabad, Lucknow, Kolkata, Indore, Hyderabad, etc, are promising good returns for prospective buyers and developers.
The Bill will be a boon for homebuyers
Jun 19, 2013
MUMBAI: The Real Estate Regulator Bill which was recently approved by the union cabinet, has been several years in the making now and hasn’t had smooth sailing from the start. Apart from inordinate delays, it faced much resistance from the real estate fraternity at initially who were afraid that this Bill would prove to be yet another regulatory bottleneck, rather than a regulation that would empower the industry and its homebuyers.
Bangalore catches up on sustainable, eco-friendly homes
Jun 19, 2013
BANGALORE: Bangalore has been one of the foremost cities to have warmed up to eco-friendly, sustainable homes. These homes, dotted across localities offer sky-gardens, service core as a buffer area, tropical landscape in the sky gardens, air spaces and wind scoops, natural ventilation, use of cavity walls for insulation, use of natural materials and reduced use of water and power resources.
Plots made available to 4558 members of housing societies
Jun 19, 2013
INDORE: After a marathon probe of co-operative housing socities in the city, the district administration has made available plots to 4558 people who had not got a piece of land for years despite being legal members of these societies.

Latest Realty News Of State

Realty Talk's