The move coming out of the urgency of selling the apartments in a slumped real estate regime or a business opportunity along with a value-added service for probable customers?
Ad on the front page of Times of India, 18-9-2009:
"At a given time, we have planned for a capacity of buying up to 250 old flats. For this, we have made a provision of approximately Rs 75 crore. The process would work like an inventory where we will buy old flats and sell them off on a regular basis. And through these deals, we expect to generate revenue worth Rs 170 crore from Amanora Park Town"
The bookings are coming in fast:When asked, if the slump in the real estate sector had promoted the company to start this scheme, Deshpande ( City Corporation managing director Aniruddha Deshpande) said
"No. We had recently announced 300 new apartments in the township out of which, more than 250 have been sold. there are some 2,000 apartments presently under construction and we have sold over 1,200 as of now. And the bookings are coming in fast"City Corporation is developing a 400-acre township named Amanora Park Town in Pune, which would have 12,000 apartments in different categories. Business Standard
What say you?:Business Standard thinks that Amanora Eazy Home Switch proves desperation. Aniruddha Deshpande says it's business opportunity and value added service. What say you?
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