If you are a Non-Resident Indian and not aware about the legalities of owning or purchasing real estate in India, you would like to read on to enlighten yourself on the legal provisions set by the competent authorities pertaining to the purchase or owning of an immovable property in India under the Foreign Exchange Management […]
Featured Archive
May 25, 2016 10:00 am
Altico to finance Mumbai & NCr projects for Rs. 130 cr
With a focus on senior secured lending to residential projects in the real estate sector across Tier-1 cities in the country, Mumbai-based NBFC, Altico Capital has closed two deals worth Rs 130 crore for residential projects in Mumbai and the NCR. “We have closed an Rs 50 crore transaction with Noida-based Lotus Greens group for […]
May 24, 2016 10:00 am
Ranbhir Kapoor beats Jindals in property deal
Bollywood heartthrob Ranbhir Kapoor has made the largest recorded transaction per square feet by paying a whopping Rs. 35 crore for a property in Mumbai. The apartment is located in Bandra, close to Krishna Raj, his parental home, and is possibly the highest recorded transaction in the suburbs with Rs 1.42 lakh per square […]
May 23, 2016 10:00 am
Rohit Sharma buys a villa worth 5 cr in Suniel Shetty’s project
Cricketer Rohit Sharma who not so long ago purchased a flat in Prabhadevi area of Mumbai for Rs. 30 crore, recently indulged onto a villa in Khandala. According to sources from the real estate industry, Sharma bought a bungalow in a residential project named ‘Discovery’, which is owned by actor Suniel Shetty’s company S2 Realty. […]
May 22, 2016 10:00 am
SRK’s Dubai realty project kicks off
Besides owning several properties in Dubai, Bollywood’s King Khan has also invested in a real estate project called Royal Estates. The ambitious project was formerly launched in 2008 but was put on hold due to global financial crisis. It was re-launched in August 2014 and latest news reports suggest that the construction for the […]
May 21, 2016 10:00 am
Deepika Padukone endorses Lodha’s weekend enclave
Fans of the Bollywood diva Deepika Padukone will soon see her endorsing Mumbai-based real estate developer Lodha’s premium weekend home development property around a riverside Greg Norman golf course. This exclusive enclave is a short drive from both Mumbai and Pune, conspicuously located on the Mumbai-Pune Express Way. “It didn’t feel like I was working. […]
May 20, 2016 10:00 am
Investment v/s Home Loan pre-payment
Owning a home of yours is indeed a good feeling but in today’s world, it is invariably accompanied with the burden of a housing loan. The question that bothers borrowers is that should they receive an annual bonus or a lump sum amount from some source, whether it should be invested in other instruments or […]
May 19, 2016 10:00 am
Puranik Builders gets Rs. 300 cr of realty investment through KKR’s NBFC
Global private equity major KKR’s non-banking financial company (NBFC) has approved an investment of Rs 300 crore in two under-construction residential projects of Pune-based Puranik Builders -Abitante and Aldea Espanola being developed in Pune’s Bawadhan and Baner locality . This is KKR’s first exposure to Pune real estate market. The NBFC KKR India Assets Finance […]
May 18, 2016 10:00 am
CREDAI Property Expo at Nashik sees over 15,000 visitors
The 3-day property expo which was organised by the Confederation of Real Estate Developers Association of India (CREDAI) at the Chopda Lawns along Gangapur Road at Nashik was a huge success with over 15,000 visitors and an estimated business of Rs. 5 crore with on the spot bookings. According to the organizers, the exhibition may […]
May 17, 2016 6:00 pm
Indian Bank slashes housing & auto loan rates
Home loans from Indian Bank will now be available at Rs. 935 per lakh and vehicle loans at Rs. 1658 onwards, the bank said in a press release. The cut ranges between 0.10 per cent and 0.20 per cent. Effectively therefore, a Home Loan up to Rs.75.00 lakh has decreased by 0.10 per cent from […]