After his co-founder friend Sachin Bansal who is presently Executive Chairman of Flipkart bought a small property in Koramangala in Bangaluru a few years ago, binny Bansal has also reportedly purchased a plush bungalow in the same area for a monstrous Rs. 32 crore. Binny acquired the 10,000-sq-ft property a few weeks ago from […]
Property News Archive
June 24, 2016 1:08 pm
MHADA housing lottery is here! Registrations begin 23rd June
Mumbai Housing and Area Development Authority, MHADA is known for providing affordable homes to families belonging to all income groups. The body runs various schemes under which flats are constructed and sold at reasonable prices through the medium of lottery. Once again, applications for the purchase of 972 tenaments have been invited by MHADA. The […]
June 24, 2016 7:02 am
Mumbaikars, be ready to shell out extra 20% on property tax
In order to bring uniformity in the property taxes levied in the suburbs and in south Mumbai, The Brihan Mumbai Municipal Corporation had introduced a new tax system from rateable to capital value in 2010 based on the built-up area, but was strongly opposed by all sections of the society, especially the residents of south […]
June 18, 2016 7:02 am
After the Chinese, Japanese now vying Indian realty via private equity
Subsequent to Centre’s nod to 100 per cent foreign direct investment (FDI) in the real estate industry, it was only a matter of time before foreign developers made big investment announcements. According to a report by realty research & consultancy firm JLL India, developers and private equity investors from the Land of the Rising Sun […]
June 15, 2016 6:57 am
Reliance plans to monetize real estate up to 6000 cr.
After Mukesh Ambani moved his group to an open space in Ghansoli, Navi Mumbai last year, younger brother Anil Ambani too has plans of real estate monetizetion. Reliance Group’s ADAG also followed suit by moving its headquarters from Ballard Estate to Santacruz. Last month, Anil Ambani and some top executives of its cluster companies […]
June 12, 2016 11:00 am
How Sonam Kapoor got hooked to a 7000 sqft duplex for 30 crore!
The media is buzzing with reports of Bollywoodeans looking for their own homes sans their parents. After Priyanka chopra, Alia Bhatt, Shraddha Kapoor, we’ve learned that fashion diva Sonam Kapoor has moved into a plush duplex in Signature Island located in Bandra-Kurla complex. Interestingly, Ms. Kapoor ditched the Bollywood capital Juhu and chose a business […]
June 11, 2016 10:00 am
Under construction flat? Service Tax levy may be exempted
A High Court ruling is all set to bring cheers to thousands of home buyers who have booked under-construction properties before 2012. In a landmark judgement on a wake petition filed by two buyers who had purchased flats from Sethi Buildwell Pvt. Ltd in the Max Royal group housing project in Noida’s Sector 76, The […]
June 10, 2016 10:00 am
“Mom will design my new home,” says Varun Dhawan
After actors like Alia bhatt, Taapsi Pannu, Shraddha Kapoor ventured out into the real estate market to buy their own properties in the maximum city, it is now the turn of the Badlapur boy to move out of his parents’ home. Varun Dhawan has recently bought a four-and-a-half BHK flat in the same building where […]
June 8, 2016 10:00 am
Private investors competing for commercial realty in India
India’s services-led economy, which is the fastest growing in the world, has created a steady market for income-generating commercial real estate, giving private investors a chance to list these assets through real estate investment trusts (REITs). These trusts are listed entities holding income-generating real estate assets from which earnings are distributed to shareholders. To help […]
June 7, 2016 11:00 am
Indiabulls to develop plot in Worli, Mumbai
Tapir Realty Developers, a 100 per cent subsidiary of Indiabulls Real Estate (IBREL), has entered into a joint development agreement with Oricon Properties, a subsidiary of Oricon Enterprises, for development of 7,810 sq metres plot located on E-Moses Road at Worli in Mumbai, the company said in a statement filed on the BSE. IBREL, […]