Two leading realty firms — BPTP and Jaypee Greens — have received robust demand for their affordable housing projects in the National Capital Region, signaling the revival of the property market.     

Also Read   Related Stories News Now - Morgan Stanley buys 7.68% stake in Indiabulls Real Estate - Unitech sells hotel in Gurgaon for Rs 200 cr - Avoid commercial real estate financing: RBI to coop banks - Parsvnath to raise Rs 2,500 cr via QIP, scrip soars 10% - I-T dept slaps tax liability on DLF - Tata Hsg, MHFC tie-up to offer home loans for LIG buyers   Also Read   Related Stories News Now - Sensex ends up 130pts - FII-TO-FII: Union Bank traded at 3% premium - Bihar govt issues legal notice to RIL - No word from Tata on Singur land compensation: govt - Insurance sector to see 10% growth in 5-6 year: IRDA More

Jaypee Greens, a real estate division of Jaiprakash Associates, today said it has sold the entire 3,300 apartments within 24 hours of the launch of its 70-acre housing project on Noida-Greater Noida Expressway.

The flats are priced between Rs 19 lakh and Rs 29.70 lakh.     

"The phenomenal response that we have received on Jaypee Green Aman is due to the fact that we have always tried to understand the sentiment of the market and accordingly offer the right quality product at the right time and right prices," Jaypee Group Director Rita V Dixit said in a statement.     

Meanwhile, Delhi-based realty firm BPTP said it has received bookings nearly four times more than its offer of 1,000 flats in a group housing project at Faridabad.     

The housing project — BPTP Park Elite Floors — received 3,700 bookings against the offer of 1,000 units. It is offering the independent floors at a price range of Rs 16.08-25.56 lakh. The booking period was May 9-26.     

BPTP, which was involved in India's biggest land deal of Rs 5,006 crore at Noida but had to withdraw later from the project due to liquidity crunch, has received Rs 80 crore as booking amount and could realise Rs 750 crore, if it develops all the flats for which it has received bookings.

"We have got bookings for more units than we targeted... We have not decided on number of units, which we will develop. But the company will try to accommodate all," BPTP Director Sudhanshu Tripathi said.     

BPTP's group housing project is a part of its 1,500-acre integrated township — Parklands, which is currently under construction.     

Giving a thrust to affordable housing, early this week realty major Unitech had announced to develop 20,000 low-cost apartments across the country within two years, which could entail a construction cost of up to Rs 1,700 crore.

The firm aims at becoming the country's numero uno within one year in the housing segment.

Other Stories      - Sensex ends up 130pts - FII-TO-FII: Union Bank traded at 3% premium - Bihar govt issues legal notice to RIL - No word from Tata on Singur land compensation: govt - Insurance sector to see 10% growth in 5-6 year: IRDA More

Tags : BPTP | Jaypee Greens | real estate | NCR | construction industry | infrastructure   Read Business news in  Advertisements   Get financial advisory and solutions for your projects   Holidays starting at a delightful EMI of Rs 3481   Switch on and say hello to Monday morning !   Your dream home can now be a reality.   Visit Fortis for a preventive health check-up & get a 20% discount.   Follow the ups and downs of your investments. Try our new Portfolio Tracker   Kolkata Dock \ Freight contract for the British Gurkhas Nepal   Find how Midsize Businesses use ERP to gain competitive advantage   Trading in Forex is now as easy as 1-2-3   Discover an economical and cost effective way to market your products and services   Giftwithlove.com: Same day delivery of Flowers and Cakes to India   Download the E-book on the Future of Business Intelligence   Learn Best Practices for improving customer satisfaction   Know your customers better... download the free e-book on CRM