Tag Archives: Kohinoor Group

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Kohinoor Falcon bags “ET Now presents Best Residential Property Of The Year 2018” award

Kohinoor Falcon AwardKohinoor Falcon bagged ET Now presents Real Estate Awards 2018 under the category of Residential Property Of The Year. The Award was held at Taj Lands End Mumbai on 15th February 2018. On this occasion Mr.Nilesh Laddad, Director, Kohinoor Group Pune Mr. Kishore Gore, V.P. Sales and Marketing were present.

Kohinoor Falcon is a high rise residential building with an area of 2.22 acres with 80% open space and 20% construction. Based on the concept of Smart and Sustainable home, Falcon is a smart collaboration of location, space, and smart design.Falcon was designed to enhance the views from all the sides of the building and has excellent connectivity to the major IT hubs and other important parts of the city.Kohinoor Falcon is a classic example of delivery ahead of time.The project was delivered ahead of committed time, actual delivery is scheduled on March 2018, whereas the possession was given in January 2018.

Strategically located at Pashan Sus Road, Kohinoor Falcon comes as a big advantage of location, which cuts on traveling time, giving more time at home.This carefully crafted project enhances the lifestyle of the residents giving them the maximum space for recreation.

Speaking on the win, Mr.Vineet Goyal, Joint Managing Director, Kohinoor Group Pune said, “This is a proud moment for us. Kohinoor Group has a reputation for delivery on time and in certain cases much ahead of time. Kohinoor Falcon is a classic example of delivery ahead of time. The group believes that customers are very important and the best gift that they can give is giving them the possession of their home in time. This award is proof of our long-standing commitment and dedication towards creating projects of high quality, value, and design. Its a joyful moment winning award consecutively, Kohinoor Grandeur was awarded Best Residential Project by Realty Business Achievers Award”

About Kohinoor Group Pune 

Over the past three decades, Kohinoor group has built growth and high stature through consistent quality parameters that have truly made a significant difference to comfort, ease and upscale the lives that inhabit Kohinoor spaces. The group has developed 29 projects at strategic locations across Pune’s skyline aggregating 4 million sq. ft. of spaces and another 3 million sq. ft.is in the making.

Playing the role of pioneer, the group has introduced Pune to concepts like Nano homes which has redefined the outlook towards affordable and space optimized homes. The group is also renowned to have delivered projects on time and in certain cases ahead of the committed schedule.

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Real estate market trend 2018

Author –Mr.Vineet Goyal, Joint Managing Director,Kohinoor Group Pune

Indian real estate has seen a historical trend in 2017, which started with demonetization and then picked up with RERA (Real Estate Regulation Authority) and then GST (Goods and services tax) was the next step. The sector saw renaissance with absolute transparency, ease of transaction and confidence of buyers in the realty sector. What 2017 has given to real estate will not only have long-lasting effect in this sector but in the Indian economy as well. The year ahead will have many positive changes.

Increase in (FDI)Foreign Direct Investment

India has become one of the fastest growing investment destination for foreign investors , one of the reasons is the increase in the real estate and infrastructure investment. According to the World Bank, private investments in India are expected to grow by 8.8% in 2018-19.Indian real estate will see further increase in the global capital flow.

Due to the transparency brought in by RERA , NRIs will find Indian Real Estate market reliable and hence next year will see an increase in NRI homebuyers.

Demographic dividend will benefit real estate

Indian real estate will reap the dividends of its demographic potential. While more and more young men and women will join the workforce even aging workforce population will generate housing business. This will increase the overall demand for the residential and commercial spaces.

Real estate will contribute to the Sustainable Development Goals (SDGs)

The government has launched several ambitious programmes to implement SDG agenda. One such programme is Housing for all by 2022 which is providing direct financial assistance to the poor households. Affordable housing segment will see an upsurge in 2018 and the developers will consciously contribute towards the mission of Housing for all by 2022.Residential projects launches will be more focused on the affordable housing segment.

Smart City initiative

Real estate will play a vital role in Government’s Smart City initiative by developing the social and economic infrastructure of any smart city.The requirement for commercial space will go up due to improved infrastructure and connectivity. The development of smart cities will also push the demand from other asset classes such as serviced hostels, hotels and shopping malls. New job opportunities will be created which will push up the economic growth of the city.

Space Management

Fast growing cities will attract more and more people due to which cost of urban real estate per square metre will increase. With the increase in the competition for the space, the developers will become more innovative in terms of designing and building abodes .Apartments will be smaller but will be space efficient.

Digital presence will be more

Technology is influencing the buying behaviour and it is very evident in the home buying process. Homebuyers and home sellers will be using online platform more. Real estate firm will partner with major search engines and portals for the mutual benefit.

Consolidation in the realty sector will gain momentum

With the implementation of triple reform Demonetization, RERA and GST ,the real estate market has become transparent and the home buyer’s confidence has increased. The realty sector which is crowded now will become leaner and meaner. Smaller players will be bought by the bigger better organised players. Smaller players will not be able to comply with the rules of RERA and hence they will merge with the established players.

High energy prices, climate change and government regulation are already pushing “Sustainability” up the real estate agenda, but by 2018, their impact will be far greater. The real estate community will take a greater role in driving the financial ecosystem.

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