Listed real estate firm Valor Estate, formerly known as DB Realty, plans to launch three to four projects in the ongoing fiscal, including residential, commercial and hospitality projects across Mumbai Metropolitan Region (MMR). The company said it plans to focus on 1BHK to 4 BHK apartments in the price range of ₹ 1 to ₹ 5 crore, said Vinod Goenka, chairman and MD of Valor Estate. According to Goenka, the Mumbai real estate market has shown resilience despite recent challenges.
"While there has been a moderate slowdown in the ultra-luxury segment, the mid-segment and affordable housing sectors continue to witness robust demand." "Our projects are located across Mumbai's prime locations, such as South Mumbai, Central Mumbai, and the suburbs. The projects slated for FY25 will be joint ventures with reputed developers," said Goenka.
The company recently tied up with L&T Realty for a project in Bandra Kurla Complex (BKC), Mumbai. Macrotech Developers, also known as Lodha, had also recently announced that it was exploring an association with the company for a project in Mumbai. Also Read: Once scam-tainted, DB Realty’s promoter is at the top of the JV game today The company has partnered with several players like Bengaluru Prestige Estates, Rustomjee Group and Godrej Properties in the past.
Launches across luxury, mid and affordable segments The company plans to launch housing projects across all three segments, including luxury, mid segment and affordable. "The configuratio.