After four years of dropping its plan to go public, now again Lodha Group, which is country’s largest real estate developer in terms of sales is going to use the idea of launching an initial public offering (IPO) of equity to rise between Rs 2,500 crore and Rs 3,000 crore for the development of the […]
Mumbai Archive
December 8, 2015 10:00 am
JLL launched its India Desk in Dubai
Recently, JLL, the leading real estate advisory and investment firm, has launched its own “India Desk” in Dubai, which aims to facilitate the cross boarder investment between the GCC and Indian market. It is expected that JLL’s new initiative will support and help the GCC investors to manage their real estate investments and properties in […]
December 7, 2015 2:30 pm
S Balakrishnan, former journalist received threats from Underworld Don Chota Shakeel for placing a bid to buy Bhendi Bazaar Property of Dawood Ibrahim
According to recent reports, S Balakrishnan, former journalist received threats from Underworld Don Chota Shakeel for placing a bid to buy “Bhendi Bazaar Property” of Dawood Ibrahim. Currently, S Balakrishnan is associated with NGO Desh Sabha Samiti and is ready to bid for the property of Dawood Ibrahim, which is located at Bhendi Bazaar Market. On last, […]
December 5, 2015 11:30 am
Sneak peek – Bollywood stars owning properties abroad
Our b-town folks are the most extravagant personalities in the country having assorted ways of spending their wealth. While some celebs like to buy luxurious cars, others like to indulge in holidaying at exotic destinations; but investing in real estate has and will always remain the favourite way of parking funds. In this post, we […]
December 4, 2015 10:30 am
Commercial real estate – some huge deals of recent times
In most recent realty news, southern real estate developer, RMZ Corp is in the advanced stages of negotiations to acquire Equinox business park in Mumbai from the Ruias of Essar Group. Sources familiar with the development confirmed that the transaction has been concluded for a monstrous Rs. 2400 crore. While billionaire brothers Shashi and Ravi […]
December 3, 2015 1:30 pm
RMZ Corp is in initial talk to acquire Essar’s Equinox Business Park in Rs 2,400 cr deal
Essar is in initial negotiation stage with real estate developer RMZ Corp to sell its Equinox Business Park, which is located in Mumbai. According to sources the price of deal will be about Rs 2,400 crore, or $ 360 million. In recent years, this could be the biggest commercial real estate deal in the MMR […]
December 1, 2015 6:00 pm
Home sales rise in Mumbai 28 percent, a sign of life in real estate market of Mumbai
Now some of the buyers are finally returning to the real estate market of Mumbai, as real estate developers are offering 5 to 10 per cent discount and other offers as well such as; foreign trips, free parking space, free car, free AC and more. Now in Mumbai’s real estate market due to reduced size […]
December 1, 2015 1:00 pm
BlackSoil Realty is set to invest Rs 25 cr in Ahuja Construction’s “Project O2” through SPV
BlackSoil Realty Fund–I is all set to invest Rs 25 crore in Mumbai’s leading real estate developer’s project. According to sources, Ahuja Constructions will use this fund for mid-market focused upcoming project which is known as the “Project O2” and it is located at the Sion East. BlackSoil Realty will use the special purpose vehicle […]
November 30, 2015 2:30 pm
For real estate monetization, Air India has finalized its deal to sell 4 apartments in South Mumbai
Air India, the national carrier is ready to take off its plan for real estate monetization, as AI has finalized a deal to sell its 4 apartments in South Mumbai. After three years of gap, again Air India has finally started to sell its properties in Mumbai. Following by many unsuccessful attempts, this national carrier […]
November 29, 2015 6:00 pm
Property Tax collection – KDMC adopts innovative method
While it is the end of 2015 for others, it’s the beginning of property tax collection regime for the Kalyan-Dombivli Municipal Corporation. The KDMC usually commences its property tax collection in January – February every year, however this time it has decided to start the drive early to ensure that tax payers clear their dues. […]