Buying a house earlier used to be quite a tedious process for the buyers. The new real estate bill has brought about reasons to cheer for them as it has made the buyers more accountable for various things thus ensuring the protection of buyers interests. Here are five of them: Regulation for Real Estate […]
Mumbai Archive
March 14, 2016 6:00 pm
Actress finds it hard to find a rented house in Mumbai
Actress Lauren Gottlieb is struggling to find a house on rent in Mumbai after being rejected for the fifteenth time over the last two months. The experience has a sense of déjà vu for the young dancer-actress as she had a similar one three years back. Reminiscing her harrowing days, she says, “Three years ago, […]
March 14, 2016 10:00 am
Real Estate Bill – how it favours home buyers
The Real Estate Bill which was passed in the Rajya Sabha on Thursday largely seeks to protect the interest of home buyers, at the same time aims to bring more transparency, accountability and efficiency in a sector which has hitherto been fundamentally unregulated and unorganised. Delays in project delivery by developers, zero accountability on builders […]
March 13, 2016 10:00 am
Five locations emerging as best real estate destinations in India
Today, we look into five cities that are emerging as few of India’s best real estate destination. 1) Hyderabad The creation of Telangana as the latest state in the country has led to the emergence of Hyderabad as a top real estate market in the country. With its increasing developments in the residential and commercial […]
March 12, 2016 6:00 pm
ICICI Bank’s credit-linked subsidy for PM Awas Yojana
In order to support Government’s vision to provide housing for all by 2022, India’s largest private sector lender ICICI Bank has announced a credit-linked subsidy scheme for home loans under Pradhan Mantri Awas Yojana (PMAY). Under this scheme, individuals including women from the economically weaker sections will be able to acquire and construct their first […]
March 12, 2016 10:00 am
IDBI Federal Life acquires commercial space worth Rs. 111 crore in Lower Parel
In an out-and-out real estate deal, which is the largest so far this year, IDBI Federal Life Insurance Company has bought office space worth over Rs 111 crore at Marathon Futurex complex at Lower Parel in Mumbai, according to sources familiar with the development. Marathon Realty is developing this eight lakh sq ft office building […]
March 11, 2016 6:00 pm
Phase II launch of The Trees sees Godrej Properties rise by 2%
The launch of Godrej Properties flagship project ‘The Trees’ residential phase II in Mumbai has led to an increase of 2.4% in the company’s share price during intra day trading on Thursday. Phase I of the flagship project was launched last year in November. The company in its filing states “In first phase, we saw […]
March 11, 2016 10:00 am
Rs.1600 crore raised by Kotak Realty for investing in residential projects
With a view to invest in residential projects across six cities over the next 3-4 years, Kotak Realty Fund has raised Rs.1600 crore from institutional investors. The private equity firm of Kotak Mahindra Group will be investing in residential projects in the six major cities of Mumbai, Delhi, Bengaluru, Pune, Hyderabad and Chennai. Talking to […]
March 10, 2016 10:00 am
Mumbai’s UHNI count to more than double by 2025
The tribe of super-rich individuals has increased in Mumbai over the last decade and according to a Knight Frank report, the strength is further expected to increase. In the 2016 wealth Report by Knight Frank, Mumbai has witnessed the fastest growth in a list of 25 global cities that were tracked between 2005 and 2015. […]
March 9, 2016 6:00 pm
Katrina on a house hunt with Salman’s manager
Post her alleged break-up with Ranbhir Kapoor, Katrina Kaif has been juggling between their love nest and her old house on Waterfield Road in Bandra. While Kapoor moved out of the love nest Silver Sands apartments immediately after they parted ways, it is now that we hear that the actress has decided to move on […]