The tribe of super-rich individuals has increased in Mumbai over the last decade and according to a Knight Frank report, the strength is further expected to increase. In the 2016 wealth Report by Knight Frank, Mumbai has witnessed the fastest growth in a list of 25 global cities that were tracked between 2005 and 2015. […]
Author Archive
March 9, 2016 6:00 pm
Katrina on a house hunt with Salman’s manager
Post her alleged break-up with Ranbhir Kapoor, Katrina Kaif has been juggling between their love nest and her old house on Waterfield Road in Bandra. While Kapoor moved out of the love nest Silver Sands apartments immediately after they parted ways, it is now that we hear that the actress has decided to move on […]
March 9, 2016 10:30 am
Indiabulls Real Estate share prices rises by 4% amidst plans of raising capital
Amidst reports that Indiabulls Real Estate in tandem with its group firm Indiabulls Housing Finance is planning to invest an amount of Rs.25,000 crore in Haryana in the ensuing period of 7 years, the share price ended 4% higher at Rs.53 Following a special resolution passed by the shareholders at its 9th Annual General Meeting […]
March 8, 2016 10:00 am
Sale of HUL’s heritage property in Mumbai for Rs.170 crore
Hindustan Unilever (HUL) has sold its landmark guest house Alhambra in south Mumbai for around Rs.170 crore to an unnamed buyer. The iconic building, built by the Sultan of Darbhanga on a 15,000 sq.ft plot in 1950s, is a three-storey building spread over 18,800 sq ft on Carmichael Road, Mumbai. The heritage property was the […]
March 7, 2016 6:06 pm
Mumbai may not be the costliest city in the world, a new report says
The interest in real estate investment seems to be fading with time and unaffordable prices however, Indian High Networth Individuals (HNIs) still get attracted towards buying property in London. According to a new wealth report unveiled by Knight Frank last week, Mumbai, which is considered to be one of the costliest cities in the […]
March 6, 2016 10:00 am
Most Rich Indians prefer Maximum City Mumbai as home
As per Knight Frank’s Wealth Report 2016, released on Wednesday, Maximum City- Mumbai has the maximum number of ultra-high-net worth individuals at 1094, followed by Delhi at 545. This number is going to increase to 2,243 in Mumbai and 1,128 in Delhi over the next decade. UHNWI are defined as individuals with net assets, excluding […]
March 5, 2016 6:00 pm
Actor Ram Charan to buy land in Mumbai
Film makers and celebrities are known to purchase empty plots or apartments with their earnings, as real estate seems to be the best investment option for them. While actor Mahesh Babu bought a few acres near Ocean Park in Gandipet on the outskirts of Hyderabad, Other celebs like Nagarjuna & Pawan Kalyan also invest a […]
March 5, 2016 10:30 am
Indians flocking to Dubai for International Property Show
The event organizers, Strategic Marketing & Exhibitions have predicted that there will be a huge Indian participation in the annual International Property Show to be held in Dubai this April. Khaleej Times reported that a total of 15 Indian companies, double the figure compared to last year, will be showcasing their projects and targeting the large […]
March 4, 2016 6:00 pm
Land Records Dept. PIO penalized Rs. 40,000 for withholding information
A Public Information Officer (PIO) with the Land Records Department was fined for not providing information to an applicant regarding some properties. The applicant had filed four RTI applications related to city survey number, transfer deed, sale deed, mutation of certain property and the reason why this was done. A penalty of Rs. 40,000 was […]
March 4, 2016 10:30 am
Common mistakes of home sellers
Until now, we’ve heard that buying a house is a tiresome process, and do not realize that selling a property is an equally tedious task as well. First time sellers typically make certain mistakes and in the haste of selling off their house, end up cracking a bad deal. We have made an attempt to […]