Spread across 18 acres, Romano has 17 residential towers with 2,200 units, of which the possession on the first 200 homes was handed over on Saturday.
"Around 80 per cent of the total 2,200 units have been booked and possession has just begun on the project and other flats would be delivered soon," the source said.
Meanwhile, the Supertech group said the real estate sector has been steadily recovering from the country-wide slump that came as a consequence of the Goods and Services Tax and demonetisation.
"As the sentiment is improving, most developers are moving forward with reasonable discounts and offers. Moreover, with the onset of the Real Estate Regulatory Authority (RERA), states where the authority is active are being speculated to see better sales due to increasing confidence of buyers in the real estate market," it said in the statement.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.