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

Opinion divided on housing regulatory bill
Jun 20, 2013
DELHI: The Real Estate (Regulation and Development) Bill, 2013, which seeks to regulate the housing market and protect the interest of homebuyers and developers has been cleared by the Union Cabinet and will be placed in Parliament for its approval.
Towards better roadways in Pune
Jun 20, 2013
PUNE: There are often comparisons made between the infrastructure of Mumbai and Pune. The popular consensus seems to be that both cities are equally challenged as far as supportive infrastructure is concerned. This is inappropriate for two reasons – one, Mumbai’s growth pattern has been very different from Pune’s.
Co-owners shares should be specified in sale deed
Jun 20, 2013
BANGALORE: Property can be bought and owned jointly by more than one person. There are some legal and financial implications in such a case that need to be taken care of so as to avoid disputes.
Terminus Infra signs up with Bharti Wal-Mart, others
Jun 20, 2013
HYDERABAD: Terminus Infrastructure India has signed up with some marquee clients for its Rs 200-crore mixed use real estate project complex coming up in the IT hub of Hyderabad.
Marketing meet on realty in Bangalore
Jun 20, 2013
BANGALORE: The Great Indian Marketing Summit - Realty Edition will be held here on June 21.The event to be held at The Leela Palace, Bangalore, is expected to bring together people associated in the real estate industry, decision-makers to discuss trends, debate ideas, and share knowledge.
Real estate draws domestic venture funds, as telecom lures foreign ones
Jun 20, 2013
MUMBAI: Venture capital firms based in India appear to find real estate projects more lucrative. The bulk of these funds has been parked in real estate projects, according to the Securities and Exchange Board of India data.
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.

Latest Realty News Of State

Realty Talk's