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, […]
realty sector Archive
January 21, 2015 9:43 am
RBI’s decision to cut key interest rate will boost housing demand
With the recent news that RBI has decided to cut the key interest rate, it is expected that this move of RBI will boost the affordable as well as premium housing demand and it also improve sentiments in the sluggish property market. Property consultants and real estate developers have demanded that interest rates should be […]
December 13, 2014 7:11 am
Rise in realty prices, who is responsible?
The Indian real estate sector is contributing almost 6 per cent in country’s GDP and it also has generated the employment for 76 lakh people. This sector has nourishes the industries like; chemicals, tiles, cement, steel, paints, fixtures and fittings. The growth of Indian economy depends on the growth of its cities and it is […]
October 29, 2014 12:45 am
Mumbai to witness greater demand for dwelling units by 2018
Demand for housing in Mumbai is going to outstrip supply in next four years. The commercial capital of the country is going to witness an extra demand of around 231,000 housing units across all segments by 2018-end while the supply is likely to be around 203,000 units. Of the total demand, majority (46%) is likely […]
September 22, 2014 12:40 am
No need for NOC from civic authorities for registration of property
At a time when ways to reduce bureaucratic hurdles are being debated across the country, the state government has planned to remove one crucial layer in registration of properties. From now on, registration of property sale deeds will not require no-objection certificate from the local civic authority. Builders had been complaining that such NOCs delayed […]
August 10, 2014 5:56 am
Online media knocks print out of realty sector
Digital technology has touched every part of our life. So how can the multi-billion dollar realty sector remain untouched by it? Right from setting up branded YouTube channel that showcase walkthroughs of upcoming projects, to hiring social media marketing firms, real estate players such as Godrej Properties, Tata Housing and Adani are joining the digital […]