Bangalore, India’s IT capital, is the best city for bachelors, while Ahmedabad in Gujarat was ranked at the bottom, according to a ‘liveability’ survey conducted among residents of housing societies and gated communities by MyGate app. In fact, Bangalore topped in six out of the ten parameters on which the app users were asked to […]
Sunteck Realty reported a sequential decline in its collections for the first quarter of FY22 compared to the immediately preceding fourth quarter of FY21, as COVID-19 curtailed new launches. Nevertheless, collections were far better than the year-ago numbers. Collections refer to the actual cash that the company collects from its buyers. Total collections for the […]
Finally, here is a piece of good news if you are in an investor in the real estate sector: Arihant Superstructures, one of the most prominent residential developers in the Mumbai region, sold a whopping 250 residential flats during the month of April and May — which coincided with the peak of the second wave […]
Godrej Properties, arguably the healthiest and fastest growing of the major Indian real estate companies, today said it has agree to purchase a 20 acre project in Kalyan near Mumbai for a residential project. “This project will offer approximately 139,000 square meters (1.5 million square feet) of saleable area comprising primarily of residential apartments of […]
D-Mart, India’s most famous deep discount retail chain, said it is working on expanding its footprint beyond its current footprint of 214 locations, but the ongoing COVID-19 will impact the number of new stores that will be opened this year. The company, which started with just two stores in Mumbai in 2002-03, expanded to 214 […]
In one of the biggest real estate deals post the lock-down India’s leading luxury developer, Sunteck Realty acquired a 50-acre property in the North Mumbai suburb of Vasai West. The company did not disclose the cost of the acquisition, but given the location and the size of the property, the deal is likely to be […]
Godrej Properties said it will develop a 3-acre plot in Chandivali, near Powai, Mumbai. The plot was reportedly acquired for Rs 153 from DIC India, one of the oldest ink manufacturers in India, though Godrej did not confirm the name of the seller. “This project will offer 41,800 square meters (0.45 million square feet) of […]
Even as many realty developers struggle to move their stock, Sunteck Realty Ltd has sold over 1,600 apartments at its MaxXWorld township in Naigaon in just two weeks. The MaxXWorld project, which offers homes with 1 to 3 bedrooms, are priced in the range of Rs 30 lakhs to 55 lakhs. The average price of […]
Real estate developer Godrej Properties has opened booking for its first flats in RK Studio, the 2.2-acre film studio established over six decades ago by legendary actor Raj Kapoorj. The Vikhroli, Mumbai-based developer had purchased the studio property for an undisclosed amount in May this year and announced plans to put up 3.5 lakh square […]
Even as the real estate market in the country faces uncertainties due to an overall slowdown in the economy, housing sales fell 17% in the top 7 cities of India in value terms during the Jul-Sep quarter, according to Anarock Consultants. Of the three quarters of 2019, Q3 saw the worst overall sales performance. The […]
India’s most aggressive low-cost carrier, SpiceJet, announced 28 new flights connecting Mumbai and Delhi with other cities on its domestic network, five days after it added 24 new flights connecting Mumbai and Delhi with other cities. SpiceJet also announced slew of new non-stop international flights from Mumbai to a host of international destinations including Hong […]
Booking has started for the 550 flats at Swaminarayan City, a 148-acre complex built around the upcoming Swaminarayan temple in the Mumbai suburb of Dombivali, real estate consultant ANAROCK said. Built by the Swaminarayan religious group via Swaminarayan Life Space LLP, the project will primarily cater to devotees of Swaminarayan, the 19th century ascetic with […]
The Mumbai Metropolitan Region Development Authority has given a Rs 276-cr order to J Kumar Infraprojects to build an elevated road from the ending point of the Mulund-Airoli bridge to the Thane-Belapur highway. The elevated road would ease traffic for those going from areas near Mulund to Navi Mumbai. At present, motorists have to go […]
In yet another indication that the real estate market is starting to revive, Sunteck Realty, a Mumbai-based real estate developer, announced that it has sold 2,000 out of the 2,476 flats in its upcoming West World project in Naigaon near Mumbai. It said the sales has generated Rs 600 cr, which implies a per unit […]
The Maharashtra cabinet has today given approval for the redevelopment of Asia’s largest slum, Dharavi, at a cost of around Rs 20,000 cr. The latest plan involves the creation of 70,000 flats over an area of 200 acres, including 50 acres that has to be contributed by the Indian Railways. A total of 55,000 families […]
Hindustan Construction Company Ltd said its joint venture with Hyundai Development Corporation has won the contract to construct the Mumbai Coastal Road Project between Haji Ali and the Bandra Worli Sea Link, worth Rs 2,126 crore. The contract forms one of the three packages within the first phase of the highway. Construction on the first phase is […]
Residents of Thane will have to shell out more for driving to Mumbai and Navi Mumbai from today after the operator of the Airoli and Mulund toll plazas restarted toll collection. Collection of toll at the two centers was suspended on Aug 21 for cars, SUVs, state government buses, school buses and other light and […]
Reliance Infrastructure Ltd said it has completed the sale of its Mumbai power business to Adani Transmission for Rs 18,800 cr. Out of the total amount, it has already got Rs 13,800 cr, and has used the amount to pay back its debt. It will get another Rs 5,000 cr next year. “Regulatory Assets under […]
Chhatrapati Shivaji International Airport has introduced check in facility from a number of hotels near the airport. The hotels are Sahara Star, Hyatt Regency, Taj Santacruz, ITC Maratha, Hilton Mumbai International Airport & The LaLiT. People who check in at the hotel can drop their check-in luggage using self-bag-drop facility and generate a baggage tag […]
A building has collapsed in heavy rain in Pydhonie area in South Mumbai. This is the second mishap since heavy rains started about 48 hours ago. There is no confirmation of human casualties in the collapse of the MHADA building. Fire trucks have been rushed to the building and the National Disaster Relief Force has […]
