Here comes a shot in the arm of housing sector with none other than Maharashtra Chief Minister Prithviraj Chavan stating that the state government will ensure that middle income group people are able to afford their own houses. Speaking after unfurling the tricolour at the Mantralaya here to mark the 68th Independence Day, the Chief […]
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August 16, 2014 11:28 pm
Industrial units turning into plush residential towers
Faced with depleting revenues due to the economic slowdown and rising inflation, industrial units around Mumbai, Thane, Pimpri Chinchwad are diversifying into the real estate business to develop additional sources of income. Many companies are converting their land holdings from industrial to residential purposes. For example, so far the Pimpri Chinchwad Municipal Corporation has converted […]
August 14, 2014 7:40 am
Few tips to prepare a home for sale
Real estate market is blooming and has the best prospect now and may be in future as well. People have always been looking out for their dream home. As monsoon time is about to over, so this will be the high time for real estate market in Mumbai. There are so many properties and houses […]
August 11, 2014 12:56 am
Sahara Chief Subrata Roy tries to sell the New York Plaza from Tihar Jail
One of the biggest known companies of India, Subrata Roy was sentenced to Tihar Jail in the month of March 2014 as he was unable to persuade the judges that he was willing to return the money amounting to around 20,000 crores, back to the investors who were cheated in the bond scheme launched by […]
August 10, 2014 5:56 am
Online media knocks print out of realty sector
Digital technology has touched every part of our life. So how can the multi-billion dollar realty sector remain untouched by it? Right from setting up branded YouTube channel that showcase walkthroughs of upcoming projects, to hiring social media marketing firms, real estate players such as Godrej Properties, Tata Housing and Adani are joining the digital […]
August 9, 2014 2:06 am
Real estate players raising capital through NCD
Real estate players are now resorting to the issue of non-convertible debentures (NCD) to raise the capital. Recently, Intime Properties, a part of the K Raheja Corp group raised Rs 340 crore through the issue of non-convertible debentures with a fixed rate of 9.95 per cent. According to a statement issued by the real estate […]
August 8, 2014 7:27 am
Public sector banks allowed to monetize their real estate
In a major development, the finance ministry has allowed the public sector banks to use their real estate to raise money from the market through Special Vehicle Purpose (SPV). Most of the properties which would give handsome gains to banks are situated in metropolitan areas such as Mumbai, Chennai and Delhi. G S Sandhu, the […]
August 7, 2014 3:20 am
RBI keeps interest rates unchanged…
Reserve Bank of India (RBI) left key interest rates intact as previous in its 3rd bi-monthly monetary policy review, so the EMIs (equated monthly installments) for automobile, home and other loans would remain unchanged. Several sectors such as; real estate, automobiles and other have been struggling to keep up sales or profit due to high […]
July 25, 2014 10:24 am
Preferences of US NRIs in Indian Realty
US NRIs have been always keen on investment in their home country. The demand for Indian real estate is estimated to be 25-30 lakh. However, it is not the same case in all the Indian cities. There are end users who want to invest in some specific cities for their families preferences as well as […]
July 18, 2014 4:52 am
MHADA to free more space for putting roof over Mumbaikars!
Expect residential properties in Mumbai-Thane to come within your reach soon! The Maharashtra Housing and Area Development Authority (MHADA) has chalked out a comprehensive joint venture plan with private land owners as well as real estate developers in Mumbai and the rest of Maharashtra to make more land available for construction of affordable homes for […]