Deepika Padukone endorses Lodha’s weekend enclave

Fans of the Bollywood diva Deepika Padukone will soon see her endorsing Mumbai-based real estate developer Lodha’s premium weekend home development property around a riverside Greg Norman golf course. This exclusive enclave is a short drive from both Mumbai and Pune, conspicuously located on the Mumbai-Pune Express Way.

“It didn’t feel like I was working. It was more like enjoying two days of my weekend, experiencing this exclusive enclave… playing golf, relaxing at the spa, sitting by the river and watching a movie,” Deepika said in a statement.

According to the statement released by the company, This project will be a weekend home where residents can go relax, play a game of golf along with other outdoor sports activities, unwind themselves by the riverside promenade, entertain friends and family over the weekends and simply spend some quality time with family.

Muscat to host 6th India Property Fest

After the extraordinary success of the last five editions of the India Property Fest, Adsync LLC is all set to host its flagship property show in Muscat this time. The company, which is an established property expo organizer in India, has been arranging this property fest since 2013. The sixth edition is scheduled for April 15 & 16, 2016 at Holiday Muscat in Muscat, Oman.

The 2-day property exhibition is positioned to provide the perfect platform for the opulent NRI community in the Sultanate of Oman to experience an array of real estate offerings by premier developers from India that suit every budget. The show would enable buyers to understand the pulse of property markets in India and view exclusive and featured properties in tier I, II and III cities and towns. Consumers will have a wide range of choices as the show will focus on cities such as Bengaluru, Mumbai, Delhi, Pune, Navi Mumbai, Chennai, Hyderabad, Mangaluru, Gurgaon, Noida, Coimbatore, Kerala, etc.

Best of Indian developers, real estate agents and financial institutions will participate in this property show. Developers like Godrej Properties, Lodha, Tata Housing, L & T, Mahindra Lifespaces, Mantri Developers, Puravankara, Goel Ganga, Rustomjee, K Raheja, and Sapoorjee Palonjee are only a few names from the Indian contingent. ICICI Bank and Bank of Baroda will represent the financial sector for lending purposes.

The sixth India Property Fest is a must visit show as for the first time, Adsync Advertising has ventured into international real estate arena. The exhibition also promises to present lucrative investment options from Damac Properties, Emmar, and Danube Properties from UAE among others.

Property investments are always believed to be the smartest investment move. India Property Fest comes in at the right time to offer an unparalleled opportunity to NRIs in Oman to leverage the power of their additional income more so when the value of rupee is depreciating and real estate companies are promoting attractive schemes & discounts.

Bankers court Lodha for Rs 2,500-crore IPO

After four years of dropping its plan to go public, now again Lodha Group, which is country’s largest real estate developer in terms of sales is going to use the idea of launching an initial public offering (IPO) of equity to rise between Rs 2,500 crore and Rs 3,000 crore for the development of the new projects.

As per the reports and bankers¸ the firm is ready with its own proposals from investment bankers to mandate its IPO and it is expected that it would give at least four of the latter. Currently, Lodha Group is building country’s tallest residential building and due to that Lodha Group aims to rise between Rs 2,500 crore and Rs 3,000 crore through IPO source and it is similar which Lodha Group has sought to do in the year 2010. “At pint of time, we have no comment and we do not react to market speculation”, as per statement of the spokesperson of the Lodha Group. According to sources, the buoyancy in the primary market this year and the ‘top realty developer’ tag had prompted Lodha’s IPO plan.

According to reports, the firm promoter is Bharatiya Janata Party legislator Mangal Prabhat Lodha and earlier in the year 2015, it overtook Delhi-based DLF as the country’s largest realtor in revenues, as the sales of Lodha Group was about 7,800 crore for the year 2014-15, whereas; the sales of DLF was about Rs 7,648 crore for the same duration. In current, financial year, Lodha’s sales target is Rs 10,000 crore and deliveries 7,000 units even after the separation from the group of Brother Abhishek Lodha got the flagship real estate business. However; the Abhinandan Lodha¸ the younger sibling set up a financial services company.

It is expected that this new revival the city’s real estate market will help the group as Lodha group predominantly has projects in the Mumbai city as well as its suburbs. According to the reports of property consultant JLL (Jones Lang LaSalle), home sales in Mumbai has risen by more than 28 percent between the fourth quarter of 2014 and the third quarter of 2015. However; it’s true that in past few years only few realty IPOs have come to the market and these years, investment bankers are saying that there is appetite among investors for this big, strong and high-growth firms. Whereas; the 18 firms from as diverse regions, which range from infrastructure to media have come up in the primary market to raise money with the help of IPOs and real estate has stayed away, because it was only Paranjape Schemes Construction which has filed a draft offer document with SEBI (Securities and Exchange Board of India) with an aim to release its IPO.

According to Sharad Mittal, Head and Director of Real estate funds at Motilal Oswal brokerage, “The primary market is not ready for real estate IPOs. The more he added that there are many actual and perceived issues about these companies, which has impacted investor sentiment. However; in under-performance market there are several market leaders who have made it unsuitable for new players which are in planning to come and raise funds through IPOs. “It seems that Indian market is perceived to be hostile for the IPOs of realty companies, however; a big brand such as; Lodha has decent track record  as it is seeing demand from institutional investors, as per the statement of one of the investment banker.

Lodha Group – Biggest Property Deal

If you will see the real estate market of the country so you will find that on one side there is India’s debt-laden property market which is still struggling to sell thousands of apartments which have worth of billions of dollars and other side there is news that luxury residential apartments being sold at 160 crore.

Recently, Times of India reported that Lodha Group¸ one of the best real estate developers has sold its under-construction luxury tower for Rs 160 crore, which is located at Altamount Road in Mumbai. This property deal which has worth of Rs 160 crore and has taken the entire real estate market by storm in Mumbai. The report further added that the duplex, which is spread across 10,000 sq ft is believed to brought by a pharma company. Quoted as the biggest apartment deal in country, the base rate of property was Rs 1.60 lakh per sq ft

Currently, in country all the major real estate developers are offering deep discounts, gold coins, motorbikes, free parking space, foreign holiday tour and other gifts with different offerings to attract the end users and investors with an aim to turn property inventory into cash.

It may be recalled that in August 2015, a sea-facing triplex penthouse, which was located at South Mumbai’s Napean Sea Road was bought by an industrialist at the price of Rs 202-crore.

Lodha’s new brand – ‘the Luxury Collection’

Lodha Group, the Mumbai based developer, has announced a new umbrella brand, The Luxury Collection, to house its most lavish residential projects globally!

“Our new baby aims to be the supreme, first-of-its-kind, international end-to-end luxury portfolio which will set new standards for the world’s finest real estate. It will be the most sought after developments in their respective cities,” says Abhishek Lodha who operates from London, which according to him, is the luxury capital of the world.

The group has launched its first hyper-prime luxury scheme on Mumbai’s billionaire mile – Altamount Road.

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Steve Waugh

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 NRIs to invest in India’s property market as they may fetch good bargains.

“NRIs are enthusiastic about investing in the Indian realty market. Many are looking at good properties in the country not only from the investment perspective, but also to settle down later.

He says that the venture is a result of the commitment Waugh made to himself that “he wanted to play a shaping role in India’s growth story over the next 10 years”. According to a report in Economic Times, this is first such platform that caters to the NRI market. “Our aim is to concentrate on the NRI investment experience through the online medium,” Waugh, founder and chairman of the company has been quoted as saying in a report.

The portal currently has 91 properties listed on its portal of 10 developers across seven cities — Delhi NCR, Mumbai, Pune, Hyderabad, Bengaluru, Chennai and Kolkata. Waugh Global has partnered with leading developers like the Lodha Group, Godrej, Shapoorji, K Raheja, Kalpataru, Kolte Patil and Sobha Developers, among several others.

Dean Honan, the Managing Director of Waugh Global  explained that the focus of the portal is not only confined to listing properties but also to offer a broad range of additional services like property management and rental solutions, land advisory services, NRI qualification and activation services. The company also plans to introduce Australian property sales and market entry gradually.

Mumbai real estate

Swiss chemical giant Clarian on Wednesday sold its 87 acre land parcel at Kolshet in Thane district to the Lodha Group for Rs 1,154 crore. The plot has a development potential of nearly 6 million square feet. Earlier, Oberoi Realty and Tata Housing also went land shopping in Mumbai for development projects.

Niranjan Hiranandani, Managing Director, Hiranandani Group has observed resurgence in real estate demand as a lot of builders have been looking for land parcels in the last 10-15 days. A part of the revival in this demand can be ascribed to expectations of a stable government at the Centre.

Executive MD Cushman & Wakefield (South Asia), Sanjay Dot notes that real estate prices have bottomed out in Mumbai. He says Lodha’s recent big land deal signals a lot of on ground activities. When asked about the pockets in Mumbai that have the highest growth potential in terms of rate appreciation, this is what he had to say.

“If you talk about property within the Municipal limits of Mumbai, Sewri, Wadala, Goregaon (East) and certain pockets of Chembur. Further, there is a big delta in Bhandup, Kanjur Marg, LBS Marg and in terms of valuation this pocket seems very attractive.

If you go corridor by corridor, we have seen enough upside between Vasai-Virar belts and now it seems to be between Kalyan and Dombivli on the central corridor beyond Thane city towards Bhiwandi where there is lot of traction and appreciation. In the eastern corridor, it is the pockets between Kalamboli & Panvel.

So, despite the present dismal sentiment in the realty sector, we would see these pockets appreciate the most in the near future”.

Lodha Group, the leading Real estate developer

Lodha Group, the leading real estate developer, seels Rs 500 crore worth flats in just 9days for an ultra luxurious residential project in the metropolis, as the projects was reopened for booking after three years on November 29.

Project: World One Tower

World One Tower is the iconic project of company, which is 117 storeys and located in south-central Mumbai. In Mumbai 3BHk and 4BHk apartments are in trend, which is likely to fetch in the upwards of Rs 70,000-80,000 per sq ft. Lodha Group is also developing the two towers known as World Crest and World View, spread on over an area of 17.5 acres.

Current Status of the Project:

As of now nearly 75 per cent of the civil construction has been completed and it is expected that till 2016 project will be completed as the project was announced in 2010. Nearly 75 per cent of the civil construction has been completed.

Initially, DGCA (Directorate General of Civil Aviation) had opposed the project because of security concerns. According to Managing Director Abhishek Lodha, “After three years first time booking have reopened for a limited window which was from November 29 2014 to December 14, 2014. Despite challenging environment, we have received record bookings of around Rs 500 crore in limited window”. The more he added that “Now we have all the necessary approvals in place and expect this project, once completed, to generate revenues to the tune of over Rs 5,000 crore,”

Properties in Kalyan, Dombivli

In present there are two best way to maximize you ROI is to either keep your eye on stock market or invest in real estate, But in first one you need to take a lot of risk, where as in real estate all you need to do just little research and right time for investments. Real estate market of Mumbai is driving the real estate market in all over the country. Its dream of every Mumbaikaar to own a home, where they can live, but due to high cost it was difficult. According to real estate developers if you want to have the apartment in Mumbai, so you need to have good amount of money, but still thee is chance for middle class if you are ready to take the property in other areas such as; Property in Kalyan and Property in Dombivli.

Property in Kalyan and property in Dombivli are quite affordable with other basic amenities and features. The price range of property in Dombivli and Kalyan start from Rs. 20 lakh to 75 lakh with the options of studio apartments, 1BHK, 2BHK and 3BHK apartments. In Mumbai the demand of residential property is more than the commercial and in this scenario the property in Kalyan and property in Dombivli are playing the vital role to cater the need of housing units. According to real estate developers Dombivli and Kalyan regions soon notice the price rise for real estate market.

How to deal with finance?

If you wish to own a property in Kalyan and property in Dombivli, and you are finding the budget your budget short, so you can take the loan from banks or financial institutions because they provide loan easily with fast process. In present it’s easy to get the home loan in comparison of past, so you are free to take the advantage of RBI norms and policies. Real estate market of Mumbai will soon show the more improvement because of some new policies due to housing for all campaign. Even now day’s real estate developers are launching the new project in affordable range, so that everyone can own the home in affordable price. In Mumbai real estate market the demand for luxury property is less and supply is more, whereas for demand for affordable housing is more and supply for same is less.

The property in Kalyan and property in Dombivli, are currently in development stage and is the built up areas of greater Mumbai. The neighboring areas of Dombivli and Kalyan are also some of the most sought after by investors. Some of the developers such as; Saisatyam Group, Gajra Group, Dynamic Buildtech Ltd, Nirmal Lifestyle, Ashapura Constructions and Lodha Group are offering the apartments in the range of Rs. 25 to 30 lakh, so it’s pretty good news for those who want to own a property in Kalyan and property in Dombivli.

According to all the real estate news published and telecasted, real estate in Mumbai has shown a considerable improvement but many of the market experts are considering this developing the in real estate as a bubble phase.

With the increasing use of online real estate portals, customers are able to get all the real estate news from all around the Mumbai region. Real estate in Mumbai has become so much digitalized that one can now purchase a home online itself. According to a recent real estate news, nearly 50% of the people are performing research before freezing on purchasing any property and most of the time their decision are getting highly influenced.

According to the real estate news consultants, the demand of real estate in Mumbai has increased but that doesn’t mean that the property prices also will go up high. As per the reports there are still so many unsold properties all around Mumbai that even after 2 years there will be a lot of property left out.  In terms of residential of real estate in Mumbai, the price should be increased around 10.1% and this is for the entire year. If you are looking for investing in the real estate in Mumbai, it is suggested not to go by all the real estate news especially the one which focuses on the future developments in that area or close by area. It is always good to invest in properties as they are never wrong options.

Price of owing a real estate property in Mumbai:

As per the recent reports given by the real estate news, individuals will have options in which area they are looking for property and in what price range they are looking for property. People are looking for residential property in center of Mumbai, Thane, Borivali, and Andheri and near Juhu beach among other areas. The with the increasing population in the city, the real estate in Mumbai has got a boost and developers are coming forth with new projects to attract as many customers as possible. Some of famous developers for real estate in Mumbai are Omkar Realtors & Developers Pvt. Ltd., Evershine Builders Pvt. Ltd, RNA Builders, Lodha group among others.