Ekta World ‘s sale of apartments increases

Ekta World ‘s sale of apartments increases
20/03/2017 , by , in News/Views

Realty developer Ekta World has sold residential apartments worth Rs 175 crore in the last three months between December and February, the company said in a release.

Ekta World has sold these apartments at its projects in Mumbai, Nashik and Pune. The company expects its annual bookings to surpass Rs 700 crore to close this fiscal year.

“We are happy with the kind of response we have seen from our customers. This is a very cyclic industry and the response we have received from the buyers is contradictory to the economic slowdown theory about the real estate segment. The strong performance demonstrates that the demand of housing in India is strong and the adverse effects of demonetization on the industry have surpassed getting the market back to the race course,” said Vivek Mohanani, Joint Managing Director, EKTA World.

The developer has attributed the sale at its affordable housing projects to a special scheme “Demonetization Ka housing Mauka” launched by the company for its project Ekta Parksville, Virar and Ekta Greenville, Nashik.

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