Deal space in the hospitality sector is picking up in 2015 with alleviation of valuations and improved market conditions drawing buyers back to the bazaar after nearly two years. In the most recent development, MRG Hospitality and Infrastructure, the owner of a chain of boutique hotels under the ‘Goldfinch’ brand, has acquired Aura Grande, a […]
Mumbai Archive
September 23, 2015 6:30 pm
Lucrative offers from developers: Combo of residential apartment, helicopter joy ride and a job for one female member of buyer’s family in 6.25 lakhs
If you think that it’s impossible to own apartment in low cost or get job in the city like Mumbai, so this time you are wrong because now real estate builders are making an unusual promises as recently one of the Mumbai based real estate announced that his company is offering residential apartment in just […]
September 23, 2015 11:00 am
In Mumbai two third unsold apartments have priced above Rs 1 crore, beyond the reach of potential home buyer’s
In present, there are more than two third unsold real estate inventory related to housing sector is priced above Rs 1 crore, which is much beyond the reach of normal potential home buyers. There are about more than 33,500 residential apartments in this particular category out of total 44,032 units. More than 80 per cent […]
September 22, 2015 6:00 pm
Goa property owned by Leelaventure sold for 725 cr.
The luxury hotels operator Leelaventure Ltd. has sold its Goa property to a Malaysian company for Rs 725 crore ($111 million). According to sources, this move has been taken to cut its debt. MUMBAI : The state government on Saturday took a landmark decision to provide deemed conveyance certificates to housing societies within six months […]
September 20, 2015 10:00 am
Abbott India Ltd. has bought 500,000 sq. ft. commercial space at Mumbai in Rs 1,400 crore
Recently, Abbott India Ltd. has closed a deal of Rs 1,400 crore in Mumbai, where Abbott has bought 500,000 sq. ft. commercial space and it is one of the largest commercial real estate deal in present time, as per the real estate experts who are familiar with the real estate transaction. This deal is clear […]
September 17, 2015 10:00 am
DB Realty Commences construction of Bandra Project
Development of land admeasuring about 20,150 sq mt in the Bandra Kurla Complex (BKC) is being undertaken by MIG(Bandra) Realtors & Builders which is a wholly-owned subsidiary of DB Realty. DB Realty had entered into an agreement with MIG Cooperative Housing Society for the said development in October 2010. So far DB Realty has made […]
September 16, 2015 10:30 am
Lincoln House sold for 750 cr., Cyrus Poonawala breaks Birla’s record!
In a mind-boggling weekend sale, the iconic Lincoln House was sold to Cyrus Poonawalla, billionaire-chairman of the Pune-based Serum Institute, for a whopping Rs 750 crore! The sale of the Lincoln House, located in the Breach Candy area of south Mumbai, which housed the erstwhile office of the US Consulate, has been termed as the […]
September 13, 2015 10:00 am
Reliance Industries Liable to Pay Rs. 341cr to MMRDA
As per the response to an RTI query, Mumbai Metropolitan Region Development Authority (MMRDA) would levy additional premium charges on Reliance Industries Ltd. (RIL) a company led by Mukesh Ambani for delay in development of a joint property in the posh BKC area. The amount of penalty would be Rs.341 crore for failing to develop […]
September 12, 2015 10:00 am
Property Expo by CREDAI-Mangaluru begins today in Mumbai
The Mangaluru chapter of Confederation of Real Estate Developers’ Association of India (CREDAI) has organised a property exhibition at Mumbai from September 11, which will go on for 3 days. As confirmed by D.B. Mehta, president, CREDAI- Mangaluru, The venue is Buntara Sangha, Kurla in Mumbai. About 40 builders and developers and banks from two […]
September 11, 2015 10:00 am
Aussie cricketer Steve Waugh enters Indian real estate segment
Cricketer Steve Waugh promoted Waugh Global Realty has entered the domestic realty market by launching a portal to gratify the housing demands of NRIs. Waugh’s entry into the Indian real estate has come at a time when the realty sector is going through turmoil as inventories are piling up. This is likely to entice more […]