Real Estate

Demonetising notes in India: Real Estate experts reactions...
23 Nov 2016 Published by Rahul Verma 224 Views

The recent call by government to ‘demonetize’ old 500, 1000 currency has surprised many in real estate and realtors also have their mixed-views on this decision. Here are the quotes from experts and stalwarts. ANSHUMAN MAGAZINE, Chairman, India and South East Asia,CBRE“It is a bold move. While it may cause some pain in the short-term, the long-term outlook for the industry looks positive. It certainly helps that the real estate industry has already moved towards transparency in its op..

Piramal Realty launches commercial real estate project in Mumbai...
29 Jul 2016 Published by Rahul Verma 261 Views

Pic: Anand Piramal, ED, Piramal GroupMumbai-based Piramal Realty, the real estate development arm of Piramal Group announced its entry into the commercial real estate with the launch of Piramal Agastya, a corporate park located at the arterial LBS Road, Mumbai. The project spread across 16.25 acres is located at Kurla with the best connectivity in Mumbai such as Santacruz Chembur Link Road (SCLR) and in close proximity of Mumbai Metro Phase 1 and Eastern Freeway is accessible from all..

Home sales perk up 7% in December quarter across top 8 metros...
05 Jul 2016 Published by Rahul Verma 319 Views

Home sales across the top eight cities of India improved 7% year-on-year in the quarter to December 2015 while sales rose 15% on a quarter-on-quarter basis on the back of stagnant pricing and discounts by builders during the festive season, according to a report by Liases Foras.The Mumbai and NCR markets saw average price of homes drop 2% y-o-y. Prices in Bengaluru saw an increase of 6%. Prices in most other markets dropped or rose marginally.The Mumbai Metropolitan Region saw the best sales, gr..

Godrej Properties launches first township project in Greater Noida in alliance with AR Landcraft...
09 Jun 2016 Published by Rahul Verma 302 Views

Redefining the skyline: Pirojsha Godrej, MD & CEO, Godrej PropertiesMumbai based-Godrej Properties has entered into a partnership with AR Landcraft to develop 100 acre township project in sector 27, Greater Noida. This will be company's first project in Greater Noida and seventh within the National Capital Region (NCR).Godrej Properties, the real estate venture of the Godrej Group, plans to develop a ‘golf centric’ township on this land parcel with a saleable area of about 4 million sq f..

Gurgaon based - M3M India raises Rs 1,250 crore from Indiabulls Housing Finance...
07 Jun 2016 Published by Rahul Verma 461 Views

Challenging the tides: (L) Pankaj Bansal, Director and (R) Basant Bansal, Chairman, M3M IndiaReal estate developer M3M India has raised Rs 1,250 crore from Indiabulls Housing Finance. The company used Rs 700 crore of this fund to pay the installment to Sahara group, concluding a deal to acquire 185 acres of land in Gurgaon for Rs 1,211 crore, according to ET.The company M3M will utilize Rs 550 crore to repay debt and for other corporate usage and buying new land, says report. The money has..

Tata Value Homes raises $25 million from CDC to push affordable housing projects ...
31 May 2016 Published by Rahul Verma 210 Views

Pic : Tata Housing MD & CEO Brotin BanerjeeRealty company Tata Housing has announced its subsidiary Tata Value Housing has raised $25 million from finance institution CDC, based in UK, for development of affordable homes across the country."Tata Value Homes, a 100 per cent subsidiary of Tata Housing Development Company, has raised USD 25 million through CDC, UK's Development Finance Institution (DFI)," Mumbai-based developer said in a statement.CDC, wholly owned by the UK government, will jo..

DLF launches one of the biggest shopping destinations ‘Mall of India’ in Noida ...
28 Apr 2016 Published by Rahul Verma 248 Views

Gurgaon-based DLF Ltd has launched one of the biggest shoppers paradise, ‘Mall of India’ in the demanding destination, sector 18 Noida. The Mall consisting of two million sq. ft retail and entertainment space is expected to pull about Rs.250 cr of rental annually for the realty mammoth.The heaven for shoppers is roped by around 250 brands and touted to be the biggest retail space in India. This is second mall kick started in NCR in April, after Logix City Center in Noida’s  sector 32...

JLL India to come up with Snapdeal for residential properties solution...
22 Mar 2016 Published by Rahul Verma 128 Views

Property consultancy firm Jones LangLaSalle’s India arm, JLL India, has entered into a collaboration for residential services division with online marketplace Snapdeal in India. The duo will market brokerage-free buyer services in primary sales properties.Snapdeal-JLL can provide home searches and advice homebuyers, to let clients utilize maximum advisory with developers and assist with documentation and mortgages. "E commerce is evolving rapidly and proving to be a major disruptor of tra..

Magicbricks to boost up analytics arm, acquires Properji.com...
18 Mar 2016 Published by Rahul Verma 172 Views

Online real estate solution major Magicbricks has acquired property analytics portal Properji.com to expand its analytical forte with detailed project reports helpful to consumers for buying decision.Bengaluru-based Properji.com provides detailed analysis to make valuable suggestion to buyers, based on reports before taking crucial decision.Under the umbrella of Invact Technologies Pvt. Ltd, Properji.com, has started its operations in 2013.The sluggish real estate market has put buyers sentiment..

Big moment for buyers! Real Estate regulator is reality ...
10 Mar 2016 Published by Rahul Verma 269 Views

The wait is over for the buyers seeking transparency and firmness in delivery of their dream homes, as the Real Estate (Regulation and Development) Bill 2005 cleared in Rajya Sabha. The flow of unaccounted money and bringing back buyer’s confidence in real estate is the priority of this real estate regulation. The developer will have to maintain escrow account, of which 70 % money from buyers in third party account to be maintained, later to make use for purchased home. The bill..

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