ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Rakesh Jhunjhunwala portfolio's net worth drops by 25% or Rs 8300 cr in 3 months owing to weak market
  • Zomato-Blinkit Deal: Food aggregator accused of not sharing information about deal on time; Investors file complaint with SEBI
  • Delhi government monsoon session commences today; salary hike of ministers, MLAs on the cards
  • National Pharmaceutical Pricing Authority fixes retail prices of 84 drug formulations
  • Twitter Blue users on Android can now customise navigation bar
Read in App
Business News » India News

Hong Kong's Risland enters Indian realty market

The construction work has already started and the project would be ready for possession in November 2021. The construction contract has been awarded to CCTEB India (China Construction Third Engineering Bureau). 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Hong Kong's Risland enters Indian realty market
Hong Kong-based realty firm Risland Holdings has forayed into Indian real estate market, Photo: Reuters

Hong Kong-based realty firm Risland Holdings has forayed into Indian real estate market and will develop its first housing project in the national capital at an estimated cost of Rs 700 crore, a senior company official said.

Risland has tied up with local developer Uppal group to construct a residential project near Chhattarpur in the national capital. Uppal group owns 4.1 acre of land.

"Sky Mansion is our first project in India - a 100-metre tall ultra luxury residential condominium that is set to redefine the skyline of South Delhi," Risland Director for India (NCR) Li Qiongjia said.

The construction work has already started and the project would be ready for possession in November 2021. The construction contract has been awarded to CCTEB India (China Construction Third Engineering Bureau). 

Risland will develop 160 units in the project besides one tower for economically weaker section. The project will be launched for sale next month in a price range of Rs 7-12 crore for an apartment. The rates of penthouse will be Rs 22-25 crore.

Asked about the investment, Li Qiongjia said the total project cost is estimated at nearly Rs 700 crore, which will be funded through internal accruals and advances from customers against sales.

There are very limited number of housing projects being developed in the national capital. Realty major DLF has completed a residential project and is constructing another at Moti Nagar here. Parsvnath Developers has one project at Civil Lines and the Unity group is developing one at Karol Bagh.

Risland is looking to develop more real estate projects in Delhi-NCR and other parts of the country and is in talks with land owners and other builders, company's assistant president, design management, Prashant Mahajan said.

Globally, Risland is developing 10 projects in Thailand, the US, Indonesia, and India.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Realty sector
Written By: PTI
Updated: Tue, Jun 11, 2019
05:13 pm
New Delhi, PTI
RELATED NEWS
Wealth Guide: Real Estate - Here's how investing in realty sector could help you retire early | Expert’s suggestions Wealth Guide: Real Estate - Here's how investing in realty sector could help you retire early | Expert’s suggestions
Wealth Guide: Real Estate - How to reduce realty sector investment risks? Expert gives these suggestions Wealth Guide: Real Estate - How to reduce realty sector investment risks? Expert gives these suggestions
Kolte-Patil Developers FY22 sales bookings up 45 pc to record Rs 1,739 crore Kolte-Patil Developers FY22 sales bookings up 45 pc to record Rs 1,739 crore
Wealth Guide: Real Estate is showing sharp recovery - Should you invest or wait? Expert suggests this Wealth Guide: Real Estate is showing sharp recovery - Should you invest or wait? Expert suggests this
Puravankara sales bookings in FY22 rise 9% to record Rs 2,406 crore on higher demand of residential properties Puravankara sales bookings in FY22 rise 9% to record Rs 2,406 crore on higher demand of residential properties

LATEST NEWS

Corporate Watch: JSW Steel, Titan, Torrent Pharma, Mindtree, Mphasis among 20 stocks that will remain in focus on dividend, bonus announcements this week

Dalal Street Corner: Bank, FMCG stocks help Nifty clear crucial hurdle of 15,800; what should investors do on Tuesday?

IndiGo's OTP plunging in last 2 days: mass bunk, salary discontent among cabin crew

Suzuki Motorcycle launches 'Katana' in India today; Check price, features and more

Will recession hit Indian shores in six months? Zee Business Managing Editor Anil Singhvi decodes

Financial, IT contribute 93% of FPI selling in 12 months; FIIs on longest selling spree since CY08 global financial crisis

Closing Bell: Indian markets snap 3-day losing streak; FMCG, banking and financials surge most

Indian Railway opens sleeping pod hotel at CSMT

Despite windfall tax, brokerages remain bullish on oil & gas stocks; see up to 70% upside on ONGC, Oil India

Windfall tax impact likely to continue on oil refining firms, says Anil Singhvi; believes RIL may see revenue, profit contraction

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV