Demonetization of 500- and 1000-rupee notes hurt the real estate sector in North India, while its impact on the sector in South India was negligible, according to Magicbricks’ PropIndex for Jan-March 2017. The report, brought out by the eponymous real estate classifieds site, also found that the builders were more willing to reduce prices in the aftermath of […]
Airports Authority of India said it has identified eight airports where it intends to carry out commercial real estate development once the government relaxes the relevant rule. The airports are Lucknow, Kolkata, Amritsar, Varanasi, Bhubaneshwar, Jaipur, Raipur and Tirupati, it said in a statement. Separately, the Airports Authority — which owns and operates most of […]
Air pollution, particularly levels of Nitrogen Dioxide and Sulfur Dioxide, rose sharply in towns and cities in Western Maharashtra in 2016, according to data from the National Air Quality Monitoring Programme of India. Though 2016 saw a worsening of air quality across the country, the deterioration was marked and noticeable in Western Maharashtra. Arranged by […]
Godrej Properties said it has sold over 300 out of the 400 apartments put up for sale at its Godrej Greens project in Pune. The sale comes in the backdrop of a slow real estate market complicated by a recent crackdown on ‘black money’ or tax evasion. The crack down was widely seen as throwing […]
Viviana Mall in Mumbai has installed one of the largest single-site solar plants in India. The mall, located in Thane, has constructed a 900,000 volt-ampere rooftop solar power plant, which the company said was the biggest in India. 900,000 volt-ampere refers to the peak capacity of the power plant. It implies that at full power […]
Anticipating a slow down in home sales in the coming months in the wake of the crackdown on ‘black money’, housing.com will restart its rental classifieds business soon. The portal, which had seen an ugly spat between founder Rahul Yadav and investors two years ago, had shut its rental listing last year to focus on the […]
Sobha Group, a real estate developer focused on South India and the Middle East, has announced a new deferred payment plan for apartments and villas at Sobha Hartland – an integrated freehold community on the Dubai Water Canal in Mohammed Bin Rashid Al Maktoum City. Under the new plan, buyers of apartments and villas can […]
Emgee Group, known for its high-end properties, said it is planning to enter the affordable homes segment by building homes in price range of Rs 8 lakh to Rs 14 lakh with a configuration of 300 sq ft to 500 sq ft each unit. With this venture the company aims to help home-buyers qualify for benefits […]
Shoppers Stop Ltd said it is closing down its two stores at Inorbit mall at Pune and Nirmal Lifestyle at Mulund due to the decrease in business and low profitability. “The sales during last financial year from the store at Inorbit mall was Rs 2,491.20 lacs, which was 0.66% of the company’s turnover and the […]
[polldaddy poll=9574508] One of the most interesting aspects of the new move to ‘churn’ high-value currency notes will be its impact on real estate prices. The real estate sector was already reeling from high interest rates, slow economic growth and a fatigue due to the constant rise in prices. However, the new move to churn […]
Nila Infrastructures Ltd said it got a Rs 43.5 cr order from Adani Ports and Special Economic Zone Ltd to construct an office building at Adani Shantigram, located on S.G. Highway, Ahmedabad. The contract envisages overall construction of ground + 13 floors + two basements covering about 300,000 sq. ft. built-up area and has to be […]
Repco Home Finance Ltd said it raised Rs 100 crore through private placement by allotting 1,000 non-convertible debentures. The face value of the secured redeemable non-convertible debentures are Rs 10 lakh each. Repco Home Finance Ltd (RHFL) is a housing finance company headquartered in Chennai, Tamil Nadu. The company was incorporated in April 2000. RHFL […]
91springboard, which provides cost-effective offices (working space) to start-ups and freelances, launched its newest center in Andheri East, MIDC, Mumbai. The facility is spread across 3 floors with an overall capacity of over 1000 members and also has a stunning terrace cafe-cum-events area. “This terrace workspace promises to be an added bonus for the freelancer […]
Brigade Group, a leading real estate developer, said it has partnered with Nest Away, a rental solutions provider,to assist its customers in renting out their properties. The service will be provided exclusively to its customers who will now be able to avail a rental default guarantee that assures them timely rent, said the company. Brigade Group […]
Godrej Properties Limited, one of India’s real estate developers, said it has acquired a land of approximately 12 acres off Sarjapur Road in South Bangalore to develop a residential housing project of approximately 92,900 sq. mtrs. The project is located close to the commercial and industrial catchment areas of Electronic City Phase I & II, […]
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 […]
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 […]
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 […]
