In order to reduce the bank’s exposure to the company and also lessen JAL’s debt servicing obligation to a more manageable level, ICICI took over about 275 acres, worth an estimated Rs 1,500-1,800 crore from the flagship company of the Jaypee Group, Jaiprakash Associates Ltd. In Noida & Greater Noida. At the end of March […]
Featured Archive
February 25, 2016 6:00 pm
Centre hints at making Aadhaar compulsory for property registration
To identify property owners and closely monitor the money entering the real estate industry, the Union government is contemplating on making Aadhaar, the identification issued by the Unique Identification Authority of India (UIDAI) mandatory for property registrations. Troubled by the large number of fraudulent transactions and investments worth crores happening in the realty sector, the […]
February 25, 2016 10:30 am
Lottery results for 4,275 MHADA homes in MMR
MHADA, the apex public body constituted under the MHADA Act, was established in 1977 under the Housing Department Government of Maharashtra with a comprehensive approach to housing problem in the state. Every year, MHADA conducts a lottery under Konkan Housing and Area Development Board. The result for the most recent lottery will be declared […]
February 24, 2016 10:00 am
Emergence of Dadar as a real estate hub
Despite the emergence of Lower Parel and Bandra-Kurla Complex (BKC) as prominent commercial real estate locations, Dadar continues to be in a class of its own. This is on account of the favourable geographical location as well the superb connectivity it provides throughout the city. On account of its historical popularity, the residential market property […]
February 23, 2016 6:00 pm
Shakti Kapoor’s luxurious home on Juhu beach
He entered the bustling city of Mumbai in 1975 finding a shelter. Who could have imagined that this yesteryears’ bad man of Bollywood would own a sprawling abode on the serene Juhu beach 40 years later? Five years after he came to Mumbai, Shakti Kapoor bought his first one-bedroom apartment in Juhu, for Rs. 70,000, […]
February 23, 2016 12:30 pm
The Chanakya – DLF’s new luxury property
Real estate giant DLF has announced the launch of its new luxury property ‘The Chanakya’ to bring in brands such as Longchamp, Hunkemoller, G Star Raw, Juicy Couture, La Perla and Chanel Beauty to its Emporio and Promenade malls in 2016. . Speaking on the launch, Dinaz Madhukar, Senior VP DLF Luxury Retail said, “It’s […]
February 19, 2016 6:00 pm
MORE invests Rs. 114 cr in Pune & Bangaluru
The real estate arm of Motilal Oswal private equity has made investments worth Rs. 114 crore in two projects – one in Pune and the other in Bangaluru. While Pune based Kolte Patil developers received Rs. 58 crore, Skylark Mansions which is based in Bangaluru collected funds worth Rs. 56 crore. Motilal Oswal Real Estate […]
February 19, 2016 10:30 am
Thane Municipal Corporation mulling over 10% hike in property tax
While presenting the annual budget of the civic body to the Standing Committee, The Municipal commissioner of Thane Sanjeev Jaiswal has proposed a hike of 10% in property taxes, both residential and commercial. The Rs 2549.82 crore budget for 2016-17 already includes Rs 230.10 crore surplus carried forward from the previous year. Jaiswal said […]
February 17, 2016 6:00 pm
Property approvals – Legal 101
If you do not have access to adequate information on legalities of buying a property, the consequence could be a harrowing experience! For instance, if the power of attorney isn’t in the name of the seller, or the legal procedures of the government are not met by the builder, then you might have to bear […]
February 17, 2016 10:30 am
Affordable homes sale augments; breather for realty sector
The Data from the real estate sector in the early months of 2016 has revealed that property sales in the six major cities of India have increased by nearly 15 percent. Real estate research and consultancy firm Liases Foras has reported that maximum gain in sales has been recorded from Ahmedabad, Bangalore, Mumbai Metropolitan Region […]