Development of land admeasuring about 20,150 sq mt in the Bandra Kurla Complex (BKC) is being undertaken by MIG(Bandra) Realtors & Builders which is a wholly-owned subsidiary of DB Realty. DB Realty had entered into an agreement with MIG Cooperative Housing Society for the said development in October 2010. So far DB Realty has made […]
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September 16, 2015 10:30 am
Lincoln House sold for 750 cr., Cyrus Poonawala breaks Birla’s record!
In a mind-boggling weekend sale, the iconic Lincoln House was sold to Cyrus Poonawalla, billionaire-chairman of the Pune-based Serum Institute, for a whopping Rs 750 crore! The sale of the Lincoln House, located in the Breach Candy area of south Mumbai, which housed the erstwhile office of the US Consulate, has been termed as the […]
September 14, 2015 10:00 am
Property Now a real estate TV channel launched by TimesGroup.
M K Anand, MD & CEO Times Network, the broadcast arm of Bennett Colman & Co.Ltd. announced launch of India’s first 24X7 property news channel ‘Property Now’ at the inaugural session of FICCI’s The Big 5 Construct India 2015 in Mumbai on Thursday. He also said that today the real estate industry contributes to the […]
September 13, 2015 10:00 am
Reliance Industries Liable to Pay Rs. 341cr to MMRDA
As per the response to an RTI query, Mumbai Metropolitan Region Development Authority (MMRDA) would levy additional premium charges on Reliance Industries Ltd. (RIL) a company led by Mukesh Ambani for delay in development of a joint property in the posh BKC area. The amount of penalty would be Rs.341 crore for failing to develop […]
September 12, 2015 10:00 am
Property Expo by CREDAI-Mangaluru begins today in Mumbai
The Mangaluru chapter of Confederation of Real Estate Developers’ Association of India (CREDAI) has organised a property exhibition at Mumbai from September 11, which will go on for 3 days. As confirmed by D.B. Mehta, president, CREDAI- Mangaluru, The venue is Buntara Sangha, Kurla in Mumbai. About 40 builders and developers and banks from two […]
September 11, 2015 10:00 am
Aussie cricketer Steve Waugh enters Indian real estate segment
Cricketer Steve Waugh promoted Waugh Global Realty has entered the domestic realty market by launching a portal to gratify the housing demands of NRIs. Waugh’s entry into the Indian real estate has come at a time when the realty sector is going through turmoil as inventories are piling up. This is likely to entice more […]
September 10, 2015 6:00 pm
Mumbai’s real estate slowly picking up – Experts
Swiss chemical giant Clarian on Wednesday sold its 87 acre land parcel at Kolshet in Thane district to the Lodha Group for Rs 1,154 crore. The plot has a development potential of nearly 6 million square feet. Earlier, Oberoi Realty and Tata Housing also went land shopping in Mumbai for development projects. Niranjan Hiranandani, Managing Director, […]
September 10, 2015 10:00 am
Bhujbal’s Navi Mumbai property to be attached by Enforcement Directorate
The Enforcement Directorate (ED), is preparing itself to seize a plot in Kharghar, Navi Mumbai, promoted by Pankaj Bhujbal and nephew Samir Bhujbal, the son & nephew of NCP Leader Chhagan Bhujbal respectively. The ED is already investigating a money- laundering case against the Nationalist Congress Party leader and former Public Works Department (PWD) minister […]
September 9, 2015 6:00 pm
Mumbai’s biggest ever property deal worth 425 cr!
Chairman of the $41billion Aditya Birla Group, Kumar Mangalam Birla emerged as the highest bidder for the sea-facing Jatia House in Mumbai’s largest-ever property deal. Birla proffered Rs 425 crore to buy the two-storey house in the city’s tony Malabar Hill area during a day-long auction on September 7th, 2015. Jatia House is owned by […]
September 9, 2015 10:30 am
Tollywood star Allu Arjun buys house in Mumbai
After Ram Charan and Rana, the latest Tollywood superstar to buy a house in Mumbai is Allu Arjun. Allu Arjun has recently purchased a 2BHK apartment in Mumbai at a very high price. So, what’s special about it? Well Allu Arjun is personally involved in designing the interiors of his house. Sources say that Arjun […]