Arun Pandey said the company is targeting a turnover of $10 million in the domestic market and $3-4 million from international markets by the end of this fiscal.
Fitch Ratings pointed out that asking prices of London's luxury residential properties have fallen by 5-20% over the last few weeks according to some market estimates.
A Knight Frank report said the top eight cities saw the lowest number of launches of new housing projects in the last three years in first half year to June 2016.
The real estate industry body also plans to file a complaint with the Competition Commission of India as Shree Cement arbitrarily increases prices.
The rental business, on the other hand, will then be run in partnership with the new investor, along with a plan to launch a real estate investment trust.
He helped Aizwal FC get promoted into the top division of Indian Football and was even adjudged Mizoram Premier League "Player of the Year" 2015 and 2016.
The agreement makes Kolkata the second franchise to be sold after the promoters of football club Chennai City FC picked up the league’s Chennai team.
In terms of sales, the top six cities — Mumbai, Bengaluru, Pune, Chennai, Hyderabad and Ahmedabad — recorded a growth after nearly three years, rising 7% to over 1.35 lakh units.
“The company will also use a part of the money to launch a new project in Noida over the next few months,” said the first person, asking not to be named.
The first half of 2016 has witnessed the lowest number of new residential launches in the last three years across the top eight cities.
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