Godrej Properties Ltd:
A significant player in the real estate market, Godrej Properties Ltd. said on March 4 that it had completed preparations to begin construction on a large-scale profit-sharing township project in North Bengaluru. In its regulatory filing, the business stated that it anticipates the venture to have a booking value of around ₹5000 crore.
The roughly 62-acre property is situated in a sought-after neighbourhood in North Bengaluru.
The project’s saleable area is estimated to be around 5.6 million square feet, mostly made up of upscale units in various layouts.
Situated in one of Bengaluru’s most sought-after neighbourhoods, this land lot has great access to the Kempegowda International Airport, a planned metro station, a number of residential and commercial buildings, a Special Economic Zone, and vital social infrastructure
According to the company’s official statement, the location also offers access to an 8-lane highway that connects to Bengaluru’s Central Hebbal.
Even though Godrej Properties had signed a contract to sell the site, which included these 62 acres, back in 2014, the development was put off.
However, the 62-acre parcel’s development potential has solidified recently, and the business intends to start the first phase of construction in the next fiscal year.
The project’s MD and CEO, Gaurav Pandey, stated
“We are excited about the opportunity to undertake a large-scale project in a strategic Bengaluru location.”
Our objective is to provide an outstanding residential Business District and other important locations via Outer Ring Road
Real estate developers and experts का मत है कि आशा है कि आने वाले वित्तीय वर्ष में रेट कटौती की आशा में आवास और कुशल आवास की मांग उच्च रहेगी, क्योंकि भारतीय रिजर्व बैंक (आरबीआई) के गवर्नर शक्तिकांत दास ने अगले वर्ष के लिए मजबूत आर्थिक विकास में अपने दृढ़ संवाद को व्यक्त किया, जिसमें मुद्रास्फीति में और भी मिटाने की भरोसा है। बुधवार को, आरबीआई की मौद्रिक नीति समिति (एमपीसी) ने रेपो दर को 6.5 प्रतिशत पर अपरिवर्तित छोड़ने का निर्णय लिया।
मई 2022 से, नियामक ने मुद्रास्फीति दबाव का सामना करने के लिए रेपो दर को 250 बेसिस प्वाइंट बढ़ाया है, और पिछले छह एमपीसी में रेपो दर अपरिवर्तित रही है।
Real estate developers and experts का मानना है कि रेटों को अपरिवर्तित छोड़ने और आर्थिक विकास और कम मुद्रास्फीति पर आशावादपूर्ण टिप्पणी करने का निर्णय कृषि के लिए शानदार है और भविष्य के रेट कटौतियों को सूचित कर रहा है जो क्षेत्र के विकास के लिए शुभ है।
Also Read: Info Edge (India) shares fall 3% : Google Play Removes Apps 99acres and Naukri
Info Edge (India) shares fall 3% : Disruption in the Digital Space
Info Edge (India) Ltd faced a setback as Google Play Store removed its prominent mobile apps, including naukri.com, 99acres.com, and shiksha.com. The move comes in the wake of Google’s ongoing removal of apps in India, including popular matrimony apps, due to a dispute over service fee payments.
Surprise Removal Raises Concerns
The removal, as disclosed by Info Edge (India) Ltd in a BSE filing, took the company by surprise. Google’s action lacked proper notice, causing concern for the company. Google has cited non-compliance with its app billing policy by Indian developers over an extended period, leading to the removal of their apps from the Google Play Store.
Impact on Users
Info Edge clarified that users who already have its mobile apps downloaded can continue using them. Users accessing the apps through alternative platforms like the Apple App Store or web platforms (both mobile and desktop) remain unaffected by this change. The company is actively reviewing its options, collaborating with Google to reinstate its mobile applications on the Google Play Store promptly.
Dispute Over Fee Structure
The core of the dispute lies in Google’s imposition of a fee ranging from 11% to 26% on in-app payments. This decision follows the Competition Commission of India’s order to abandon the earlier system of charging 15-30%.
