Residential units worth over Rs 10k cr await buyers

Western Express Highway, touted as the next real estate growth centre mainly due to the improved connectivity to the other centres of the megapolis, is currently sitting on an inventory of over 5,100 residential units worth more than Rs 10,000 crore launched in last 12 months, which are awaiting buyers. As many as 112 residential projects with an inventory of 7,827 units in all the configurations right from 1 to 4 BHK in the price range from Rs 35 lakhs to upto Rs 3 crore were launched between March 2017 and February 2018. Of these units launched, more than 2600 units were sold generating revenues to the tune of over Rs 3,380 crore. The developers are now sitting on an inventory worth over Rs 10,082 crore. Among the developers who launched projects during the period include Omkar's Alta Monte (Malad), Oberoi Realty's Sky City (Borivali East), Oberoi Esquire (Goregaon East) Joy and Sayla Realtor's Callista (Andheri East), and A&O Realty's Palazzio (Jogeshwari East). Other names include Kanakia Group, JP Infra Mumbai, Sheth Creators and Transcon Developers.