Godrej Properties to develop new project in Bangalore
Apr 07, 2014
Source : The Hindu

 

PUNE: Godrej Properties Ltd, the real estate development arm of the Godrej Group, has entered into an LLP to develop a residential township project in North Bangalore. This will be developed as a profit-sharing partnership like most other projects by the company.

Located between Bangalore International Airport and Hebbal, the project proposed to be developed as an integrated township with a mix of residential unit types as well as a school, convenience retail, and other amenities, is spread over 100 acres. Though it will have potential saleable area of approximately 9.4 million sq. ft., proximity to the new international airport may lead to a reduced consumption of FSI.

Pirojsha Godrej, MD & CEO, Godrej Properties, said, “This will be our third township project after our projects in Ahmedabad and Mumbai. We are currently developing several projects in Bangalore, which has been India's best performing real estate market and this new development will substantially strengthen our presence in this important city.”

Latest Realty News

Investments in realty shrank 65% in 2013
Apr 07, 2014
MUMBAI: India’s real estate sector is estimated to have received $1.2-billion (around Rs 7,200 crore) investments in 2013, down 65 per cent from the previous year’s $3.4 billion, according to a report by real estate consultancy Cushman and Wakefield.
Prime Residential Development Land Index for Mumbai witnesses 35.2% increase
Apr 05, 2014
MUMBAI: In the last two years, the Prime Residential Development Land Index for Mumbai has witnessed an appreciation of 35.2%.
Home, tweet home
Apr 05, 2014
MUMBAI: It’s a simple case of necessity giving birth to invention. Back in 2012, when Pankhuri Shrivastava was a fellow of Teach For India, a non-profit organisation, she experienced firsthand the many challenges of living in Mumbai. It was tough to rent a house without paying high brokerages and even tougher to find like-minded flatmates.
Overseas investors are bullish on India: I-Pru chief
Apr 05, 2014
MUMBAI: Investor-centric focus and investment performance have catapulted ICICI Prudential Asset Management Company to the number two position behind HDFC Mutual Fund. ICICI Prudential currently has an asset base of over ?1 lakh crore.
Nifty hits over one-week low
Apr 05, 2014
MUMBAI: Key benchmark indices edged lower as investors turned cautious ahead of beginning of the 9-phase Lok Sabha elections on Monday, 7 April 2014. The barometer index, the S&P BSE Sensex hit lowest closing level in one week. The 50-unit CNX Nifty hit over one-week low. The Sensex was down 149.57 points or 0.66%, off close to 165 points from the day's high and about 20 points from the day's low. The market breadth, indicating the overall health of the market, was positive.
Realty shares in demand
Apr 05, 2014
MUMBAI: Shares of real estate companies are in demand and rallied up to 16% on back of heavy volumes in otherwise weak market on the Bombay Stock Exchange (BSE).
Realty investments in India dip 65% in 2013
Apr 05, 2014
MUMBAI: In 2013, investments in India’s real estate sector fell 65 per cent to $1.2 billion, making the country the 10th most invested region in Asia-Pacific, according to a report by real estate consultant Cushman & Wakefield. In 2012, Indian realty had received investments of $3.4 billion; then, too, it was 10th in the region.
Sunteck Realty rises high in uneven Mumbai
Apr 05, 2014
MUMBAI: In Mumbai's real estate sector, Sunteck Realty stands apart. The company based in and focused on Mumbai has seen interest from major investors at a time most experts and analysts have negative views on the city's realtors. Ajay Piramal is among the latest to join its investor list. Kotak Realty fund holds an 8% stake in Sunteck, while other investors include US-based College Retirement Fund with a 3.2% holding and Singapore's Tree-Line Asia fund with a 1% stake. Promoter Kamal Khetan ho
National Housing Bank seeks to allow lenders to get 90% property value as home loan
Apr 03, 2014
MUMBAI: The National Housing Bank is considering a proposal that seeks to allow lenders to give up to 90% of the property value as home loan. The proposal is for above Rs 20 lakh loans that carry mortgage guarantee cover.
SBI extends special home loan scheme indefinitely
Apr 03, 2014
MUMBAI: Nation's largest lender State Bank of India, which is also the largest home loan player, on Wednesday extended the date of special home loan rates for new and women borrowers beyond March 31 for an indefinite period.

Latest Realty News Of State

Realty Talk's