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Mumbai (Maharashtra) [India], May 25 (ANI/BusinessWire India): After the successful delivery of their uber luxury project Transcon Triumph at Andheri West, Transcon Developers, one of the prominent real estate groups in Mumbai has recently launched its second phase. The second and third phases of the project are expected to fetch a cumulative revenue of around Rs 2000 crore. ....
After the successful delivery of their uber luxury project Transcon Triumph at Andheri West, Transcon Developers, one of the prominent real estate groups in Mumbai has recently launched its second phase. The second and third phases of the project are expected to fetch a cumulative revenue of around Rs 2000 crore. The entire project is expected to have a total development potential of 2.3 million sqft with 1.5 million sqft saleable area and a revenue potential of Rs 2850 crore. The first phase of the project already houses some of the biggest names from Bollywood with actors and artists like Akshay Kumar, Bhushan Kumar, Bhawana Somaaya, lyricist Sameer Pandey, singers Armaan Malik and Palak Muchhal, singer and comedian Sugandha Mishra and choreographer Bosco Martis from the Bosco-Caeser Jodi. Around 35 per cent of the existing homebuyers in the first phase are from Bollywood. ....
Transcon Developers Eyes Rs. 2000 Crore Revenue From 2nd and 3rd Phase of Their Andheri Project businesswireindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswireindia.com Daily Mail and Mail on Sunday newspapers.
Synopsis Net office space absorption in the March quarter has declined 36% from a year ago as companies review their office property portfolios, adopt consolidation and optimisation strategies to rationalise space requirement while minimising costs. The leasing momentum in the upcoming quarters is expected to mainly depend on the time taken to contain the second wave of COVID-19 cases. The uncertainty over business outlook amid resurgence of Covid19 infections has resulted in occupiers of commercial real estate hitting the pause and postponing their decisions to expand the portfolio. Net office space absorption in the March quarter has declined 36% from a year ago as companies review their office property portfolios, adopt consolidation and optimisation strategies to rationalise space requirement while minimising costs. ....