Ruparel Realty registers Rs 1000 crores in home sales

Ruparel Realty clocks Rs 1000 crores in home sales

Ruparel Realty has registered impressive sales over the last three quarters, with an inventory sold amounting to more than 1,350 flats worth Rs 1000 crores

The recently launched tower 3 of Ruparel Optima in Kandivali, in the affordable housing segment has received an overwhelming response with impressive sales of 375 units leaving only 95 units for potential buyers.

Meanwhile, their luxury project Ruparel Palacio sold 50% of its inventory in only 9 days.Ruparel Palacio is one of the first buildings in Mumbai’s western suburbs to offer a private elevator to each apartment and two apartments per floor to ensure maximum privacy to its residents. This project comprises of 2 and 3 BHK with a carpet area of 799 sq/ft and 935 sq/ft respectively and prices starting from INR 1.73 Cr.

Other projects which received similar response were Sky Greens and Optima tower I & II in Kandivali launched earlier in April 2017.

“We were expecting a good response to our projects and look forward to building on this drive in the months ahead. We have seen an upward trend in sale of 1BHk apartments in the affordable segment and managed to sell more than 80% of the inventory in our recently launched project, Optima”, said, Amit Ruparel, Managing Director, Ruparel Realty.

He added, “Regulatory measures taken by the government over the last one year are now showing positive effects in the real estate sector. We are confident of the growth in the sector and plan to launch more projects in the coming year”.

Of the total 1,350 flats sold, nearly 990 flats accounted for 1 BHK which reflects a shift in consumer trend towards smaller & affordable houses.

The company is currently constructing residential and commercial projects spread across more than 3 million sq ft in Mumbai and Navi-Mumbai.