Indian firm prepares to handover Dubai real estate project

One of India’s biggest real estate developers is set to handover a flagship residential project it has developed in a desirable Dubai area. Lokhandwala Infrastructure has finished and sold out the Lady Ratan Manor scheme, Indian Realty News reports.

Based in the central business district of Dubai’s International City, the development includes one and two bedroomed apartments for “gracious living”. Quoted by the site, Lokhandwala sales coordinator Jean Soriano said:

“Indians go back to Dubai instead of Bombay where real estate is more expensive.”

She added demand for the area is so intense people who have bought units in the development have already sold on some of them.

Back in Mumbai the company has already revealed it intends to build Lokhandwala Panorama, a prestige apartment development. The developer has also finished and sold out Lady Ratan Towers in Mumbai, located near the Mahalaxmi Racecourse. The complex includes two interlinked buildings of 22 storeys each offering one, two and three-bedroomed apartments plus penthouses.