Godrej Properties announced its first quarter results, reporting a 21% increase in net profit to Rs 55 cr. Total income fell to Rs 263 crore compared to 363 crore, while EBITDA increased by 7% to INR 81 crore from INR 75 crore. EPS amounted to INR 2.76 as compared to INR 2.29. Total booking value […]
Real Estate player Sobha Limited has launched a new ridge-top project in Bangalore called ‘Sobha Clovelly’, which the developer calls ’boutique homes’. The apartments stand tall along a geographical ridge, thus capitalizing on the beautiful vistas of the city’s skyline. “This new project will certainly be a trend-setter in Bengaluru’s real estate market and an […]
Great Online Homes Festival (GOHF), co-organized by Magicbricks, Google and Group M, generated property sales worth Rs 300 cr and more than 500 bookings, organizers said. A total 9 million page views and 4000 coupons were generated, Magicbricks said. Speaking on the occasion, Mr Sudhir Pai – CEO, Magicbricks, said, “The successful conclusion of GOHF […]
Housing Development Finance Corporation Limited (HDFC) reported profit after tax stood at Rs 1,361 crore as for the April-June quarter compared to Rs 1,345 crore in the previous year. The consolidated profit after tax stood at Rs 2,204 crore as compared to Rs 1,873 crore in the corresponding quarter last year, representing a growth of […]
Housing.com has won five awards at the prestigious National Award for Marketing Excellence hosted by CMO Asia for its ‘Look Up’ campaign. Housing.com swept awards across five key categories including “Brand Excellence in e-commerce and Internet Business Sector”, “Emerging Brand Award” and “Best New Brand, Product and Service Launch”. Housing.com’s ‘Look Up’ was also awarded […]
Tata Housing is offering 72,000 – 10,00,000 Jet Privilege Miles to non-resident Indians who purchase any flat from the company undeer its “happy returns” scheme. NRIs contribute between 15-20 percent of Tata Housing’s total sales and this has been increasing since the last few years, the company said. “We expect this to increase to 25-30 […]
House of Hiranandani, a real estate player in India, has come up with special offers on its Bangalore properties located in Banerghatta and Devanahalli. It is waiving floor-rise charges at the Banerghatta project and offering lenient financing schemes for its cottages at Devanahalli. “Customers will not have to pay any floor rise for higher floors. […]
Wave Infratech said it would offer properties under its Wave City Center and Wave City on Snapdeal.com “As a first in the online selling space, Wave Infratech would be offering a host of products – Irenia, Vasilia, Livork Studios at Wave City Center and Wave Executive Floors, Wave Floors Premium and Dream Homes at Wave […]
Brigade Group, one of the leading developers of South India, saw 27 of their flats booked online as part of the Great Online Homes Festival (GOHF) organised by Magicbricks, GroupM and Google. GOHF, the ten daylong festival from 18-27th July 2015, is the largest property festival till date in India. With properties worth Rs. 3000 […]
The Indian Real Estate sector is starting to unravel with prices having fallen 7-18% in India’s large cities over the past year, Ambit Capital said in a report. “In Delhi, our meetings with businessmen who live in south Delhi suggest that prices in this prime part of Delhi are down 20-25% over the past year […]
The NCR residential market is stuck with an estimated inventory of 1,70,000 units while another 90,000 dwelling units under-construction are likely to be delayed for hand-over, reveals the ASSOCHAM recent survey. “A large inventory is piling up despite prices correcting by over 20 per cent in the last one year, while there is a huge […]
Godrej Properties Ltd said it has transferred majority ownership in a special purpose unit developing an 18-acre plot in Kanakapura to Shubh Properties Cooperatief U.A. — a joint venture between APG Groep N.V., Sparinvest Property Investors and Godrej Properties Ltd.. The plot was acquired by Godrej Properties (in association with Dutch pension services provider APG) […]
With the Centre seen waiving the 150-km rule and certain environment regulations to allow a new airport in Navi Mumbai, bids for residential-cum-commercial plots in Kharghar have through the roof. Builder Bhagwati Group bid Rs 1.84 lakh per sq mtr – the highest price quoted so far for a Kharghar plot. That translates to Rs […]
Lodha Developers, which describes itself as the largest real estate developer in the country, said it has got more applications for its upcoming Prime Central Thane residential project than the number of units on sale. Against around 2,000 1- and 2-bedroom homes, it got applications for 2,500 in the nine-day IPO style event, it said. […]
After registered sales of mobile phones, it’s registered sales of flats. Tata Value Homes, an arm of Tata Housing Development Company, announced India’s first online exhibition for an exclusive audience through a valid invite code. Registrations for this three day event starting 13th to 15th July, have begun on www.tatavaluehomes.com. “With this launch, Tata Value […]
After debuting in cities like Pune, Noida and Mumbai, the Fashion TV brand will be emblazoned on an apartment in Lucknow. New Modern Buildwell, a Lucknow-based builder, has tied up with FTV to develop an ultra-luxury residential project in Lucknow. “The tie-up aims to build a plush and premier real estate project on the lines […]
North India-based real estate developer Antriksh Group has introduced a unique concept under which you can buy a flat by paying Rs 10,000 online, and pay remaining at the rate of 0.9% of the value per month. The scheme is applicable on 5th July for its “Urban Greek” project in Dwarka in Delhi. “Urban Greek” […]
State Bank of India (SBI), the largest commercial bank in India, has promised to cut home loan processing times to ten days under its new ‘Project TATkal’. “The initiative will help the home loan applicants to get the Loan within “10 Days” after receipt of application form and relevant supporting documents,” it said. Project TATkal […]
After the Great Online Shopping Festival, it’s the Great Online Home Festival or GOHF. The ten day long online event, organized by Magicbricks, GroupM and Google – will be held from 18th July till 27th July, 2015. Property stock worth upto Rs. 3000 cr will be available for customers to choose from, Magicbricks said in […]
Housing.com, one of the most aggressive real estate classifieds firm in India, said it had sold 300 homes of builder Mantra Properties, worth over Rs 60 crores, within a month through a special campaign on its website. The achievement makes it one of the most successful online realty campaigns in India. The announcement comes close […]
