Kohinoor Group-Pune introduces ‘Price Guarantee’ Scheme to prospective home buyers up to June 30, 2017
Pune, December 22, 2016: Riding on the growth chart in last two years, Kohinoor group-Pune, one of the most popular real estate developers in Pune, aims to deliver 20,000 homes by 2022. This is based on the current inventory and lineup of projects in the near future.
With real estate at the core of its business, Kohinoor Group Joint Managing Director Mr. Vineet Goyal said, “We have developed over 4 million sq ft of projects in the residential, commercial and retail sector and currently have 3 million square feet under construction. Rated amongst the top 3 developers of Pune for sales velocity in the first half of 2016, by Prop-tiger, the company has build on its brand in the city by initiating the concepts such as ´nano homes’ which redefined the outlook towards affordable and space optimized homes”.
Kohinoor Group now offers ‘Price Guarantee in order to insulate home buyers from Price fluctuations on its residential units up to 30th June 2017. The offer assures the buyers that in case of any drop in its property rates happen before 30th June 2017, the company would refund the difference in rates to the home buyer. This move will help home buyers who are uncertain on the property rates and are waiting for a correction in property prices to take a decision.
With the announcement of Demonetization, there has been virtual slowdown and expectation of price fluctuation which might erode the investment value. Also, with the advent of RERA and GST, the real estate sector is expected to go through a transformational phase, which could have certain effects on the pricing and demand.
Mr. Goyal, Jt. MD, Kohinoor Group, says, “Demonetization is not a sign of recession but an historic opportunity to weed out the shadow economy that currently is predominant. Pune real estate industry has serviced housing demand fuelled by the end users who are dependent on funding from banking and financial institutions. The organized developers in Pune who operate with significant footprint have always enjoyed catering to this segment of home buyers as it keeps the transactions transparent. The sentiment and uncertainty will phase out for this segment as liquidity crunch is easing in the markets.”
“We are positive that the prices are only set to increase given that construction rates are not going to be going down and also with the RERA the supply of housing from unauthorized construction will cease to exist and the demand will shift to organized developers who comply with the statutory norms are RERA compliant,” says Mr. Goyal.
Kohinoor Group today is in unique position of offering maximum amenities at affordable prices with the popular tag that it completes its projects and handover the property to its buyers before the scheduled dates of completion of projects. All projects of Kohinoor group holds clear titles and its properties are approved and recommended by various financial institutions and banks.
About Kohinoor Group, Pune is a 3-decade old company, started in 1983, by Mr. Krishnakumar Goyal. It is a vibrant dynamic real estate development organization that is expanding across business segments of residential, commercial and retail creating landmark footprints across Pune. Over the years, the company has developed and promoted over 4 million square feet projects in the residential and commercial segments across strategic locations especially in the PCMC area of Maharashtra. Guided by founding philosophy a strong mission and vision “To Bring Love, Peace & Happiness in the entire world, by building life spaces for all”, driven by an uncompromisingly passionate team and modern building technology, Kohinoor Group is committed to accomplish a series of landmark residential and commercial projects across Pune.
