US Real Estate Directory

[RoniWill0]

The year 2007 has been a record- breaking year for the Indian Real Estate Industry and the advantageous position has been enjoyed by Kochi Real Estate . The entire year witnessed immense boom in the sector overcoming all the predictions of possible realty doom.

Some of the stupendous real estate deals of the year included the sale of a 7,107 sq metre plot at the Bandra Kurla Complex belonging to the Mumbai Metropolitan Region Development Authority (MMRDA) for an astounding Rs 5.04 lakh per sqm, the highest bid for land anywhere in the country.Also an apartment at Nariman Point attracting a Rs 97,842 per sq ft bid from a UK-based NRI proved to be an all-time high of sorts, besides reinforcing the popular sentiment that Mumbai holds the beacon on the real estate front.

The 9,178-acre township project ‘New Bangalore City’ at Bidadi, which realty major DLF bagged in consortium with the Dubai-based Limitless, turned out to be the highest and the single largest realty investment in the country so far. The project is expected to generate over Rs 50,000-crore value.

Not to forget the he realty score in the capital market. The market was on a high with the initial public offering of DLF raking in a record Rs 9,625 crore. A stunning number of township projects (totalling 210) were announced during the year, though some analysts say acreage was given the go by in the estimation.