Page 29 - Construction & Architecture Update JAN-FEB 2018

POSSESSIONS: he year 2017 turned out to

be one where the Indian

realty witnessed a lot of
facelift and a major part

of it being in the form of
THE NEW DRIVING FORCE OF Twitnessed the trend of real
possessions. This year has

INDIAN REALTY estate shifting from project launches to

possessions and to such an extent that
the total project launches in the year fell

by almost 40% which is a big number. The
current trend of the market is such where

the success of any real estate developer is
measured in the terms of the possessions

they have offered to their buyers till
date. The year also saw the concentrated

efforts of the various state governments
and concerned development authorities

towards enabling developers to deliver
projects to their rightful owners.

North India realty major TDI Infratech Ltd. which has
multiple integrated township projects ongoing across the cities of
Kundli, Mohali and Panipat has already handed out approximately
3.00 lakh sq. ft. of residential and commercial spaces in its
project TDI City Mohali during this year and would be handing
out the possessions for over 11.50 lakh sq. ft. of commercial and
residential spaces in the same project over the course of next
year. Another major project of the organisation by the name of
TDI City Kundli has witnessed possessions of over 6.50 lakh sq. ft.
of both commercial and residential spaces in the year 2017 along
with over 7.00 lakh sq. ft. of spaces across both categories which
will be handed out to their owners during the year 2018.

TDI City Kundli has witnessed possessions of over 6.50 lakh sq. ft. of both commercial and residential
spaces in the year 2017 along with over 7.00 lakh sq. ft. of spaces across both categories which will be
handed out to their owners during the year 2018.

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