Housing brokerage firm Anarock has announced that it has already awarded the sale of around 150 flats to Amrapali Group, which is its exclusive channel partner. Anarock has got the mandate to sell around 5,400 unsold flats of Amrapali Group, and has sold 150 units in a month at an estimated sale price of around Rs 70 crore. The company will deploy its “proprietary proptech marketing tools” to market these projects, it said.
Anarock on Thursday said it expects total sales bookings to exceed Rs 2,200 crore over the next four years. state owned NBCC Under the aegis of Noida and Greater Noida has undertaken the completion of several residential projects amrapali Oversight of Stalled Projects and Investment Reconstruction Establishment (Aspire) and Supreme Court of India.
What homebuyers should know
Anarock in its press release disclosing the price of these properties says that they start from just Rs 20 lakhs for a 1BHK flat. In Phase 1, the properties on offer range from 1BHK to penthouses, priced between Rs 20 lakh and Rs 1.5 crore. These are spread over 20 projects in Noida and Greater Noida, the company said.
The first sale window which was opened a month back, 500 units in ‘Kingswood’, ‘Golf Homes’ and ‘Dream Valley Phase 2’ projects in Greater Noida and ‘Zodiac’ in Noida on first-come-first-serve basis .
“Early bird offer period is in force at this time, and home loan financing options are available on-site through several nationalized banks,” the company said.
Anarock House Selling Project — Description
The proceeds from the units sold will be used to complete the stalled projects of Amrapali Group.
“We have been mandated as the exclusive channel partner for the sale of around 5,400 unsold homes in projects by the erstwhile Amrapali Group. The total sales booking in value terms is estimated to be around Rs 2,200 crore.
According to Anarock’s construction blueprint, all the involved projects will be completed and delivered by June 2024 at an estimated project cost of Rs 8,189.82 crore. As per estimates, Rs 3870.38 crore is through unsold inventory receivables, Rs 2,215.79 crore through marketing of currently unsold inventory, Rs 951.15 crore through attached assets, Rs 342.74 crore through surrender units and Rs 88.97 crore. marketable through commercial locations. Sales of FAR (Floor Area Ratio) Rs 1220 crore.
Commenting on the development, PK Gupta, Chairman and Managing Director, NMCC said, “20+ stalled projects have 41,000+ sold and 5,000+ unsold units, together accounting for 46,000+ units, by NBCC in installments till June 2024. will be delivered. This marks the beginning of the biggest customer redressal initiative in the history of the Noida/Greater Noida real estate market.”
“The real estate market in Noida and Greater Noida is once again in growth mode, and there is a high demand for revived NBCC projects. The unsold housing stock in Noida and Greater Noida has declined by 21 per cent in the last two years.
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