Phase 1 of the Mumbai Metro which runs from Ghatkopar to Andheri has resulted in a substantial improvement in the realty development along the metro route and areas close to metro stations due to east-west connectivity within the city saving office goers precious time of commuting to-fro work. As there was no direct link earlier, […]
October 21, 2015 6:00 pm
HDFC Group has announced an investment of Rs 100 crore in Chennai-based realty firm TVH for its impending project in the city. HDFC Property Fund, an arm of HDFC Group, has picked up a 26 per cent stake in the special purpose vehicle – Tharendra Infrastructure Private Ltd which has been particularly formed for the […]
October 21, 2015 10:00 am
Festival season is considered auspicious for real estate purchase and therefore developers gear up for boosting their sales. In a research report by JLL India, it was noted by its Chairman & Country Head Anuj Puri that traditionally real estate sales increased by up to 25-30 per cent during the festive season. However, this year […]
October 20, 2015 6:00 pm
The board of directors, Crompton Greaves, has approved the sale of a portion of the company’s land parcel admeasuring approximately 53,000 square meters situated at Kanjurmarg, Mumbai to Evie Real Estate for an aggregate sum of Rs 496.48 crore. This definitive step has been taken as a part of the company’s continuous asset optimization initiatives. […]
October 19, 2015 10:30 am
Tata Housing, the realty arm of Tata Sons plans to develop 20 million sq/ft land in eight cities in India which include Bengaluru, Delhi-NCR and Mumbai over the next few years. The company already has 29 projects and 70 million sq/ft land under various stages of planning and execution across 13 cities. The managing […]
October 18, 2015 10:00 am
Owing to a vigorous demand from start-ups and e-commerce business, office rentals in major cities of India are experiencing a significant surge. The rising appetite for Indian commercial properties is attributed to about 67% of investments flowing into Indian real estate market from overseas which has been noted to be the highest among all other […]
October 17, 2015 10:00 am
During the hearing of two PILs filed by Rajiv Mishra and advocate Mayura Maru raising concerns over mushrooming illegal constructions in Navi Mumbai, the Bombay High Court took a stern view on the issue and has directed that criminal cases should be registered against builders responsible for them. The division bench of Justices an S […]
October 16, 2015 6:00 pm
CREDAI Bangaluru and its affiliates, in a move to make an urgent appeal to the administration, had shut down all operations across all member companies on October 13 as a mark of respect and solidarity to Late Mr. Suraj Parmar of the Cosmos Group, who tragically ended his life recently. Suraj Parmar was a well-known name in the […]
October 16, 2015 10:35 am
MIG (Bandra) Realtors & Builders, a subsidiary of DB Realty is looking to enter into a joint venture agreement with Vishwaroop Estates and Developers owned by sanjay chhabria radius developers’s Radius Group for a housing project in Bandra, Mumbai with estimated sales revenue of Rs 3,500 crore. In this co-branded project, both the parties would […]
October 15, 2015 10:00 am
What is a distressed property? Although rare, a distressed property is one where the owner has borrowed against property to acquire the asset and has not been able to repay his debt obligations. If the borrower fails to service the loan for 4-5 consecutive cycles, the property is seized by the bank as collateral. The […]