Real estate is the property, land, building, air rights above the land and underground rights below the land. Maybe, this is one of the best growing industries of today and future, that might be the reason that some most reputed, known and big business houses are switching towards this field.
After Godrej Group, another well known and long-established business houses like Raymond and Birla Group are all set to experience this real estate business by launching realty firms and housing projects to unlock value from their best located and idle land holdings.
A check over Godrej Group has made us realize that Godrej Properties is one of the largest real estate holdings in Mumbai and is making all its efforts to make it the best one in Delhi, Gurugram and other metro-cities by launching its housing projects with unique concepts. Projects like Godrej Habitat, Godrej Nature Plus in Gurugram are proving themselves as idle and iconic residential projects.
Likewise, Raymond Group which is known for bring classic, sophisticated and fashion forward outfits. It is one brand leading in fashion and textile retailer of India and is now widening its roots to a new direction and has named this new division as “Raymond Realty.”
“Raymond has forayed into real estate development in order to monetise the land at Thane. Keeping in mind the fact that this land parcel is in the heart of Thane, it offers a massive positive upside potential for venturing into the real estate sector,” said Gautam Hari Singhania, Chairmen and Managing Director of Raymond Company.
Similarly, Birla Group Of Industry is one who established itself year’s back in India and has reached to a level where the world know and praise brand for its commitment. Now the brand is all set to venture into the real estate business with its name “Birla Estates.” Birla organization claimed that they have received a good response for the buyers of their residential project in Kalyan area of Mumbai.
“Our focus is to create a strong real estate brand and we are looking at developing a valuable portfolio of over 200 acres across the Mumbai Metropolitan Region (MMR), Pune and Bangalore markets. We are also pursuing joint venture deals in these markets as well as the National Capital Region,” said K.T. Jithendran, CEO of Birla Estates.
We are looking forward for these business brands to create and accomplish their new ideas. We wish the brand to set bench mark with their upcoming projects as best ever projects till the date and create a history for themselves and brand.