MIG (Bandra) Realtors & Builders, a subsidiary of DB Realty is looking to enter into a joint venture agreement with Vishwaroop Estates and Developers owned by sanjay chhabria radius developers’s Radius Group for a housing project in Bandra, Mumbai with estimated sales revenue of Rs 3,500 crore. In this co-branded project, both the parties would […]
Property News Archive
October 15, 2015 10:00 am
Buying a distressed property? Here’s what you should know.
What is a distressed property? Although rare, a distressed property is one where the owner has borrowed against property to acquire the asset and has not been able to repay his debt obligations. If the borrower fails to service the loan for 4-5 consecutive cycles, the property is seized by the bank as collateral. The […]
October 14, 2015 6:00 pm
‘B’ + for Indiabulls real estate by Fitch
Fitch Ratings have affirmed Indiabulls Real Estate’s Long-Term Foreign-Currency Issuer aDefault Rating (IDR) of ‘B+’ with stable outlook. The agency attributed this rating to the company’s debt reduction measures, diversified land bank and improvement in credit metrics. Fitch is anticipating Indiabulls Real Estate’s net debt to reduce to around Rs 4,800 crore by end-FY16 from […]
October 14, 2015 10:35 am
Mumbai: Builders hold peaceful march against corruption
Usually, the builder community refrains from any protest against the government. However, on October 13, Maharashtra Chamber of Housing Industry (MCHI) and its associate organisations held a peaceful march to show their disapproval & express solidarity on the recent suicide of Thane-based developer Suraj Parmar. Most of the construction sites and offices belonging to […]
October 13, 2015 6:00 pm
Find out where Amy Jackson will be staying in Mumbai
The Singh is Bliing actress has green lighted another Bollywood project. Having a pad of her own was vital now as hitherto she was putting up at a hotel in Juhu. Amy who is currently in a happy space after the success of her film, has finally leased a flat in Bandra. After being […]
October 13, 2015 10:35 am
Altico Capital to finance 450 cr project in Mumbai
The non-banking financial company (NBFC) of Asia-focused investor Clearwater Capital Partners LLC, Altico Capital India Ltd. Has given Rs.450 crore of debt financing to an upcoming residential project in Mazgaon, south Mumbai. The project will be a joint venture of Radius Developers and Sumer Group which is yet to be launched. Under the plan, five […]
October 12, 2015 10:30 am
Will this Diwali bring cheer to real estate?
Almost every industry in the domestic circuit rakes in the moolah during the Diwali time because the sales go up. Every company looks forward to this festival in the country. Real estate however, has been an exception to this trend. “A research on the demand for residential real estate during the past five years shows […]
October 10, 2015 6:00 pm
Festive cheer may overlook the realty sector
Despite real estate developers trying all kinds of marketing gimmicks like funding schemes with upfront payment as low as 5 percent of home price, interest waiver for 2-3 years and freebies, sale velocity has not picked up. The residential property market has been deserted- by investors due to slow moving market with stagnant or dipping […]
October 9, 2015 6:00 pm
“We’ll ensure housing projects complete on time” – Maharashtra Govt.
The state Finance and Planning Minister, Sudhir Mungantiwar has announced that the government will provide all the required assistance to ensure real estate developments are executed in a time-bound manner. Urging developers to take up affordable housing projects at a real estate summit organised by National Real Estate Development Council (NAREDCO) Mungantiwar said that realtors […]
October 9, 2015 10:00 am
Edelweiss to raise $1 bn for its first realty fund
Despite a rough market scenario and inadequate interest from limited partners (LPs) in the Indian real estate segment, Edelweiss Alternative Asset Advisors Ltd, is raising up to $1 billion for its first residential real estate fund, confirmed a top executive of the company. The fund will explore for investment opportunities in five property markets—National Capital […]