Latest Realty News

Hiranandani emerges as highest bidder for Hirco Plc’s township in Chennai
Mar 28, 2014
MUMBAI: Real estate developer Hiranandani Group has emerged as the highest bidder for Hirco Plc's township in Chennai which was auctioned by the lender Housing Development Finance CorporationBSE -1.85 % earlier this month to recover its dues, said three persons familiar with the development.
Godrej Properties adds new residential project in Chennai
Mar 28, 2014
MUMBAI: Mumbai based real estate developer Godrej Properties has entered into a partnership SSPDL Green Acres LLP to develop a residential project at Old Mahabalipuram Road (OMR), Chennai.
G L Raheja, real estate tycoon, passes away in Mumbai
Mar 19, 2014
MUMBAI: Real estate developer G L Raheja who created a Rs 11,000 crore construction firm run by him and his son passed away on Tuesday leaving behind an unfinished legal family battle over control.
‘Real estate prices will rise 5-15% over six months after elections’
Mar 18, 2014
MUMBAI:Probably the only real estate developer in Mumbai offering office space from 1,500 sq ft to 80,000 sq ft (on a single floor plate), the Marathon Group has managed to ride the slowdown in commercial real estate by pioneering the concept of small office spaces for start-ups and large floor plates for multi-national companies in the city.
Realty markets get worse, current mood pessimistic: Realty sentiment index
Feb 15, 2014
MUMBAI: Property market across top markets including National Capital Region and Mumbai Metropolitan Region has deteriorated further compared to last six months and current sentiments are pessimistic across all zones, showed the maiden real estate sentiment index jointly developed by industry FICCI and Knight Frank India.
Builders get notices for 'illegalities' in sale of flats
Feb 15, 2014
THANE: The Bombay high court bench of Justices S J Vazifdar and B P Colabawala recently issued notices to the state chief secretary, leading developers, Income-Tax and municipal commissioners of Thane and Mumbai seeking a response to social activist Vikrant Karnik's letter alleging illegalities in sale of flats.
Lodhas repay Rs 825-Cr debt through NCDs
Feb 11, 2014
MUMBAI: Realty developer Lodha Group has repaid debt worth Rs 825 crore it had raised by issuing non-convertible debentures in early 2012. Investors of these privately-placed debentures included retail investors and large institutions such as the Citigroup, Kotak Mahindra BankBSE 0.61 % and Deutsche Bank.
Cooperation housing societies get time till December-end for deemed conveyance
Feb 05, 2014
MUMBAI: The Maharashtra government has extended till December-end a special drive to issue deemed conveyance (DC) to eligible housing societies in the state, following a poor response due to apathy from housing societies, the primary stakeholders and numerous government approvals.
IndoSpace raises $330 mn for industrial projects
Jan 22, 2014
MUMBAI: Industrial real estate and warehousing facilities developer, IndoSpace, today said it has raised $330 million for projects across the country from a diversified investor base.
Capri Global to continue focusing on the residential real estate projects
Jan 22, 2014
MUMBAI: Capri Global Capital Ltd (CGCL), one of the country's leading non-deposits accepting, non-banking finance company, headquartered in Mumbai has entered into a deal with Monarch Universal Group to fund two residential developments in Roadpali, Kalamboli. Monarch Universal Group is a well-known developer with a track record of delivering residential and commercial projects primarily in Navi Mumbai area.
New flat for your old one needs a lot of homework
Jan 20, 2014
MUMBAI: Anand Apartments in Versova, Mumbai, is a 40-year-old residential building. The residents plan to redevelop it, which means pulling down the existing structure and constructing a bigger one in its place. The initial discussions are over and they have to finalise the tender documents and appoint a developer.
Nikhil Zaveri, owner of Rs 1,300-cr plot in Mumbai, is missing
Jan 15, 2014
MUMBAI: Nikhil Zaveri has been missing for more than a month. In a country where thousands of people fall through the cracks every year, this isn't remarkable in itself. Said to be in his 50s, Zaveri has Huntington's disease — a hereditary nerve disorder that can lead to progressive deterioration in cognitive functions and other psychiatric issues.
Bombay HC relief to real estate developer in trademark battle
Jan 13, 2014
MUMBAI: The Bombay high court has granted interim protection to a developer against trademark violation by another firm.
Bangalore likely to top country’s office space demand this year: Cushman & Wakefield
Jan 02, 2014
MUMBAI: India is likely to witness the second highest demand for office space in 2014 among the top 30 cities in the Asia-Pacific region, according to a report by property consultancy Cushman & Wakefield, which says Bangalore is expected to be the biggest market in the country due to the expansion of IT, ITeS and multinational companies.
Kolte-Patil Developers launches four projects in Pune
Sep 26, 2013
MUMBAI: Riding high on the demand for residential housing, Kolte-PatilBSE -1.09 % Developers today launched four mixed-use projects in Pune with investments up to Rs 450 crore.

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