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Puravankara plans to invest Rs 450 crore to develop residential project in Mumbai


Puravankara plans to invest Rs 450 crore to develop residential project in Mumbai
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The project in Chembur is its first ultra-luxury project Purva Clermont under its WorldHome Collection brand and the developer expects revenue of Rs 800 crores from this development.
Agencies
The company plans to develop several projects with a total 10 million sq ft space in Mumbai and Pune including some of its ongoing projects and the new project in Chembur.
Realty developer Puravankara is planning to invest Rs 450 crore to develop a mixed-use project in Mumbai’s Chembur suburb that marks the Bangalore-based company’s foray into the country’s largest property market. ....

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WFH Impact: Homes Get Bigger, Business Centres Open Within Housing Complexes


WFH impact: Homes get bigger, business centres open within housing complexes
Thanks to COVID-19 and the work-from-home culture, many people are seriously considering homeownership. The idea is to own a home and make it as large as possible with multipurpose rooms. Developers meanwhile are going the extra mile to cash in on the trend.
With the work-from-home and learn-from-home culture here to stay, at least for as long as the pandemic lasts, some homebuyers, especially those on rent or those working from matchbox-sized accommodation, are scouting for larger housing spaces. Developers, too, are cashing in on the trend by incorporating efficiently designed spaces to include smaller rooms that double up as a study or an additional bedroom. ....

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