Amidst reports that Indiabulls Real Estate in tandem with its group firm Indiabulls Housing Finance is planning to invest an amount of Rs.25,000 crore in Haryana in the ensuing period of 7 years, the share price ended 4% higher at Rs.53 Following a special resolution passed by the shareholders at its 9th Annual General Meeting […]
Mumbai Archive
March 9, 2016 10:30 am
Indiabulls Real Estate share prices rises by 4% amidst plans of raising capital
March 8, 2016 10:00 am
Sale of HUL’s heritage property in Mumbai for Rs.170 crore
Hindustan Unilever (HUL) has sold its landmark guest house Alhambra in south Mumbai for around Rs.170 crore to an unnamed buyer. The iconic building, built by the Sultan of Darbhanga on a 15,000 sq.ft plot in 1950s, is a three-storey building spread over 18,800 sq ft on Carmichael Road, Mumbai. The heritage property was the […]
March 7, 2016 6:06 pm
Mumbai may not be the costliest city in the world, a new report says
The interest in real estate investment seems to be fading with time and unaffordable prices however, Indian High Networth Individuals (HNIs) still get attracted towards buying property in London. According to a new wealth report unveiled by Knight Frank last week, Mumbai, which is considered to be one of the costliest cities in the […]
March 6, 2016 10:00 am
Most Rich Indians prefer Maximum City Mumbai as home
As per Knight Frank’s Wealth Report 2016, released on Wednesday, Maximum City- Mumbai has the maximum number of ultra-high-net worth individuals at 1094, followed by Delhi at 545. This number is going to increase to 2,243 in Mumbai and 1,128 in Delhi over the next decade. UHNWI are defined as individuals with net assets, excluding […]
March 5, 2016 6:00 pm
Actor Ram Charan to buy land in Mumbai
Film makers and celebrities are known to purchase empty plots or apartments with their earnings, as real estate seems to be the best investment option for them. While actor Mahesh Babu bought a few acres near Ocean Park in Gandipet on the outskirts of Hyderabad, Other celebs like Nagarjuna & Pawan Kalyan also invest a […]
March 4, 2016 6:00 pm
Land Records Dept. PIO penalized Rs. 40,000 for withholding information
A Public Information Officer (PIO) with the Land Records Department was fined for not providing information to an applicant regarding some properties. The applicant had filed four RTI applications related to city survey number, transfer deed, sale deed, mutation of certain property and the reason why this was done. A penalty of Rs. 40,000 was […]
February 29, 2016 6:00 pm
Mallya lands a property deal in addition to Rs.515 crore from Diageo for leaving USL
The United Spirits Ltd. (USL) deal with Diageo has really raised the flagging spirits of Vijay Mallya. For stepping down as Chairman of USL, Mallya has not only bagged $75 million (Rs.515 crore) but also a soothing property deal. The deal allows Mallya or his nominee to purchase 13 residential, non-core properties of India’s biggest […]
February 29, 2016 1:30 pm
Can Budget 2016 provide relief for home loan buyers?
Home loans for purchase or construction of a house provides few income tax benefits to the borrowers. Currently, there is an income tax benefit for the interest payments and principal amount on home loans. However, it is felt that few existing provisions are a tad unfair, which can be addressed by the finance minister […]
February 27, 2016 6:00 pm
Launch of 2nd real estate fund by Essel Finance
Essel Financial Advisors and Managers (EFAM), the private equity arm of Essel Finance, launched its second real estate fund with a target of raising upto Rs.250 crore. The real estate fund will be invested in various residential projects across cities such as Delhi NCR, Mumbai, Chennai, Bengaluru and Pune. In a statement, the company has […]
February 27, 2016 10:00 am
Commercial Assets worth Rs.1500 crore to be sold by Godrej Properties
In September 2015, Godrej Properties, the real estate arm of the Godrej group, sold 4.35 lakh sq ft office space at Bandra-Kurla Complex in Mumbai for an excellent valuation of Rs.1479 crore. In keeping with this buoyant mood, the realty firm is targeting a sales revenue of Rs.1500 crore this year through monetisation of other […]