In an out-and-out real estate deal, which is the largest so far this year, IDBI Federal Life Insurance Company has bought office space worth over Rs 111 crore at Marathon Futurex complex at Lower Parel in Mumbai, according to sources familiar with the development. Marathon Realty is developing this eight lakh sq ft office building […]
Property News Archive
March 12, 2016 10:00 am
IDBI Federal Life acquires commercial space worth Rs. 111 crore in Lower Parel
March 11, 2016 6:00 pm
Phase II launch of The Trees sees Godrej Properties rise by 2%
The launch of Godrej Properties flagship project ‘The Trees’ residential phase II in Mumbai has led to an increase of 2.4% in the company’s share price during intra day trading on Thursday. Phase I of the flagship project was launched last year in November. The company in its filing states “In first phase, we saw […]
March 11, 2016 10:00 am
Rs.1600 crore raised by Kotak Realty for investing in residential projects
With a view to invest in residential projects across six cities over the next 3-4 years, Kotak Realty Fund has raised Rs.1600 crore from institutional investors. The private equity firm of Kotak Mahindra Group will be investing in residential projects in the six major cities of Mumbai, Delhi, Bengaluru, Pune, Hyderabad and Chennai. Talking to […]
March 10, 2016 6:00 pm
Real Estate Bill to passed during the current budget session
At the recent Happening Haryana conclave, Union Minister for Urban Development Venkiah Naidu has expressed confidence on the passing of the Real Estate Bill during the ongoing budget session. Talking to domestic and global investors, Naidu said, “Real Estate Bill is going to be a reality in this Budget session itself. I am holding discussion […]
March 10, 2016 10:00 am
Mumbai’s UHNI count to more than double by 2025
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. […]
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 […]