The festival of Gudi Padwa typifying all new auspicious beginnings is earmarked by builders for launch of their respective projects. Particularly, this year the timing of the festival is well placed for project launches. Talking about the buoyant feeling about increasing end user demand in the market, Ravi Ahuja, Executive Director, Development Services, India, Cushman […]
Mumbai Archive
April 4, 2016 11:30 am
Two bids worth $ 1bn for property in Powai received by Hiranandani
It is heard that two bids totalling $ 1bn have been received by real estate giants Hiranandani for its property in Powai. As per sources, the bids have been received from an Indian PE Firm and Canadian Firm. Hiranandani is, apparently planning to sell commercial property measuring 4.5 million sq. ft in Mumbai’s suburbs. The […]
April 2, 2016 6:30 pm
Indian residential segment to attract over Rs. 6,000 cr PE investments, say experts
Private Equity (PE) investments in Indian real estate sector have already raised $420 million in the first two months of 2016, as compared to $520 million for the whole of last year. Given its attractive rate of returns averaging at a high of 20-22% per annum, industry experts believe that Residential property in India is […]
March 21, 2016 6:00 pm
NSEL case – Sessions Court hires Knight Frank as consultant
In order To facilitate realization of maximum amount of the properties of defaulters in National Spot Exchange Ltd. (NSEL) scam subject to liquidation, D P Surana, special judge of MPID (Maharashtra Protection of Interest of Depositors) Act Court and additional sessions judge of City Civil & Sessions Court, Mumbai has appointed Knight Frank India to […]
March 21, 2016 10:30 am
Budget 2016-17: Brings Cheer for First-Home Buyers
In today’s scenario where possession of the property within stipulated time is a challenge, Budget 2016-2017 proposes tax relief under Section 24 of I-T Act on interest payment on home loan if the property bought, or under construction, is completed within 5 years from the end of the financial year in which the loan was […]
March 19, 2016 11:00 am
Good news! Maha Gov may consider stamp duty waver for affordable homes
In a first, Maharashtra Government is contemplating on waving off stamp duty on small homes. While the planned waiver is expected to offer relief to buyers of small and compact homes, the revenue collection gap will be filled by increased charges on larger apartments. The government will give up stamp duty, levied at 5% of […]
March 18, 2016 6:00 pm
Kingfisher House on sale
Located near the domestic airport at Mumbai’s Vile Parle area, The headquarter of defunct Kingfisher Airlines popularly known as the Kingfisher House is being put up for e-auction by State Bank of India through which interested buyers will bid for it online. The base price for this multi-storey building, with a built up area of […]
March 18, 2016 11:00 am
Mr. & Mrs. Khiladi to endorse realty brand
Film stars have always been an ideal choice for any brand endorsement and if it is a celebrity couple, it’s a cherry on the cake! If rumour mills are to be believed, star couple twinkle Khanna & Akshay Kumar have been roped in as brand ambassadors of a leading real estate company of Mumbai. […]
March 17, 2016 6:00 pm
Tax evaders beware! KDMC on property seizing spree
The central suburbs of Mumbai are witnessing change as civic body commissioners are displaying positive aggression in matters of public interest. While Thane’s municipal commissioner Sanjeev Jaiswal ordered demolition of legal and illegal structures to unclog & clear the station road area, in a fresh move, KDMC’s commissioner E Ravindran took property tax defaulters to […]
March 16, 2016 10:00 am
Home Loan eligibility – your doubts busted here
Before even looking out for a property, buyers like to know the quantum of home loan they are eligible for. While that’s a good approach, there is always more clarity needed to make the final decision. We have attempted to throw light on some aspects to aid your decision making. Banks or financial institutions determine […]