Builder Kolte-Patil Developers Ltd said it had generated an internal return rate of 36% on its Margosa Heights project in Pune, which it co-developed with US-based Portman Holdings. “This project sets a unique example of an Indian & an International developer/Investor working in partnership on various aspects of the project to deliver a good product […]
K Raheja Corp launched its latest township project ‘Viva’, at Pirangut in Pune. Viva is spread over 77 acres of land and has independent bungalows, twin villas, townhouses, and plots which is located away from the congested main city, the company said. The project’s amenities includes cricket pitch, tennis courts, golf-putting zones, forest adventure trails, […]
Kolte Patil, a real estate builder based in Pune, expects to increase the pre-sales for the current financial year by approximately 20% and is targeting deliveries of around 2,500 units. “Uptick in pre-sales is expected to sustain for the rest of the year,” company said. Company is also targeting launch of two projects at prime […]
Tata Homes and SBI signed an agreement under which the two companies will make special offers to people who hold their salary accounts in the bank and want to purchase a Tata Homes property with an SBI loan. The nature of these offers was not revealed, but it is estimated that they could involve some […]
Godrej Properties, one of India’s real estate developers, launched its latest project, Emerald, on Ghodbunder Road in Thane. Built over 6.25 acres, the “premium project” offers a total saleable area of approximately 1.35 million square feet, said the company. The first phase of the project will consist of three high-rise residential towers where customers will have […]
Ministry of Housing & Urban Poverty Alleviation approved construction of 37,013 cr houses for urban poor in the States of Karnataka and Haryana with an investment of Rs 1,491 cr. An Inter ministerial Central Sanctioning and Monitoring Committee chaired by Dr.Nandita Mukherjee has approved construction of 36,254 houses for economically weaker sections in Karnataka with […]
One of South India’s biggest real estate company, Brigade group, inaugurated work on two new projects in Gujarat International Finance Tec (GIFT) City. The first is a special economic zone and the second, an ibis STYLES Hotel. The SEZ office towers will be of half million sq.ft with flexible office space of which the 1st […]
The new Real Estate Regulatory Bill is a step in the right direction, but could end up making property costlier, Neha Hiranandani, director of Mumbai-based House of Hiranandani said. “Though the objectives are noble and correct in the long term, we believe lack of clarity on the various mechanisms proposed will only add to costs […]
Brigade Group, one of the biggest developers in Bangalore, announced a new villa project at Devanahalli, near the ‘new’ Bangalore Airport. The project, called Atmosphere, offers 4 bedroom signature villas with sizes ranging from 3010 sq.ft to 3410 sq.ft, the company said. “The project aims to bring back the concept of courtyard homes, a way […]
Adani Realty, the youngest arm of the Adani Group, announced its first commercial property project, ‘INSPIRE by Adani’, at Bandra Kurla Complex in Mumbai. The project will be spread across an eight Lakh sq.ft of built up area with G+10 floors with large and flexible floor plates along with landscaped terraces and breakout spaces, the […]
Godrej Properties Ltd, the real estate development arm of the Godrej Group, today announced it has entered the Noida real estate market for the first time through a Development Management Agreement to develop a residential group housing project within Lotus Greens Sports City in Sector 150, Noida. “Spread over 36 acres, the project will offer […]
India has a shortage of close 1.9 cr housing units in urban areas, but 1.1 cr houses in these areas are lying vacant as their owners do not live in them, nor do they rent it out, pointed out housing minister Venkaiah Naidu. The problem, he said, is being addressed in India’s new Draft National […]
Tata Housing has launched a premium new housing project called Eleve in Mumbai. The project, which will offer 2BHK, 2.5BHK and 3BHK units starting at Rs. 1.4 crore, is being built in collaboration with the city-based realtor Neptune group and is spread across 22 acres of land. Located in Bhandup, ‘Eleve’ will have access to […]
While many real estate majors have started going slow owing to huge unsold inventories, Shapoorji Pallonji Real Estate has just announced the launch of a huge residential project in Bangalore. The project, known as Phase 2 of the luxurious ParkWest project in Bengaluru, involves 11 high-rise towers and outstanding amenities spread across a sprawling area […]
West India focused Poddar Developers said it will pay stamp duty and registration charges on behalf of their customers in this festive season in a move that will translate to a saving of 5-6% for the buyers. The offer is available on three affordable housing projects – Poddar Evergreen in Badlapur, Poddar Aspire in Kalyan […]
A report by magicbricks.com has revealed that real estate prices are seeing a downtrend in North India, while continuing to rise in the West and the South. Real estate prices increased in markets such as Bangalore and Hyderabad. “The southern region comprising of Bengaluru (6%), Hyderabad (4%) and Chennai (1%) was the best performer followed […]
Puravankara, one of South India’s biggest real estate companies, has set its sights on Hyderabad, one of the few cities in India where real estate prices are still largely affordable. Bangalore, Puravanakara’s home market, as well as Delhi and Mumbai, have seen prices increase so much over the last few years that demand has been […]
Real estate player House of Hiranandani is offering to pay the rent of its customers who book a flat at its high-end Egattur project in Chennai for 18 months after booking. In addition, the customer will have to pay only 25% upfront at the time of booking, it said. “The remaining 75% can be paid […]
Housing.com, which recently fired its founder and CEO Rahul Yadav, said it had appointed Jason Kothari as its Chief Business Officer and member of the Operating Committee to drive its overall strategy and growth in India. Jason, together with iCEO & COO Rishabh Gupta, will be reporting to the Operating Committee and the Board, the […]
Even as many voices said that the Reserve Bank of India is unlikely to cut interest rates further this year, the real estate sector — though disappointed by today’s actions — is holding out hope that it will do so in coming months. On the RBI’s decision not to cut rates during its third monetary […]
