Despite stagnancy in the real estate sector, bollywood stars continue to invest in property as these are safer deals. Let us take a look at some extravagant celebrity real estate transactions which have taken place recently. Actors Akshay Kumar and Aamir Khan purchased flats in Worli and Pali Hill respectively. Property registration documents reveal that […]
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November 22, 2015 6:00 pm
NAREDCO proposed to construct 1 lakhs affordable housing units, says Niranjan Hiranandani
If you are the one who is seeking for affordable housing unit in Maharashtra, so here is good news for you as recently NARDECO or the National Real Estate Development Council has come up with news in festive season that it is going to build more than one lakhs affordable housing units with no profit […]
November 22, 2015 10:00 am
Concluded festival season brings little cheer for real estate developers
Now at least there is little cheer for real estate developers because of just concluded festival season, and all credit goes to the lukewarm response of end users and investors. Apart from better property price now key markets such as; Delhi, NCR and Mumbai are witnessing positive response from buyers. This festive season, which was […]
November 21, 2015 10:00 am
Irrfan Khan has not paid brokerage, says agent
Irrfan Khan had purchased a flat in suburban Mumbai about six months ago and has allegedly failed to pay the broker his earnings on the transaction – a handsome Rs 8 lakh! According to a source with masala.com, the poor broker is suffering with cancer and is finding it difficult to make ends meet, but […]
November 20, 2015 6:00 pm
Air India sells flats worth 90 cr to SBI
Air India is surviving on a bailout package approved by the government in 2012. As part of its turnaround plans to reduce a debt burden of 40,000 crore, the grieving PSU plans to sell real estate assets worth Rs 5,000 crore to generate funds. Executing on the plans, AI has decided to sell four residential […]
November 20, 2015 10:30 am
Kapoor duo books flats in Trump Towers
Actor Rishi Kapoor and son Ranbir Kapoor have bought an apartment each, spread over 6,100 sq ft in the Trump Towers located in Kalyani Nagar area of Pune for Rs 13 crore a piece which works out to a little over Rs. 21,000 per sq ft. The Trump branded project, being developed by Pune-based Panchshil […]
November 19, 2015 6:00 pm
Lodha’s new brand – ‘the Luxury Collection’
Lodha Group, the Mumbai based developer, has announced a new umbrella brand, The Luxury Collection, to house its most lavish residential projects globally! “Our new baby aims to be the supreme, first-of-its-kind, international end-to-end luxury portfolio which will set new standards for the world’s finest real estate. It will be the most sought after developments […]
November 19, 2015 6:00 pm
Property transactions, registration made easy
Now, Aadhaar-based e-registration of property transactions will help people file documents at their convenience, do away with the obligation of visiting government offices and being fleeced by agents and lawyers charging hefty fees. The department of registration and stamps plans to include more documents like allotment letters issued by the MHADA Mumbai board and mortgages […]
November 19, 2015 10:00 am
How will FDI impact Indian real estate?
The central government’s decision to ease the Foreign Direct Investment (FDI) norms will certainly bring in much-needed capital in the cash-crunched domestic real estate sector, but according to experts, it will further fuel the soaring prices. Property experts say the capital raised from FDI is not cheap. It comes with an interest rate of 20-25 […]
November 18, 2015 6:00 pm
Mumbai: 1100 acres earmarked for affordable housing
The Maharashtra Housing and Development Authority (MHADA) has allocated land parcels spread over 1,100 acres across the Mumbai Metropolitan Region for developing affordable housing projects. Mumbai Metropolitan Region comprises cities of Mumbai, Thane and Navi Mumbai. The identified land parcels are in Thane, Raigad and the newly formed district of Palghar including Vasai and Virar. […]