Latest Realty News

Meet the new age landlords
Jan 14, 2015
Mumbai: Several new names such as Lodha, Runwal and Piramal in Mumbai and ATS, 3C, and Supertech in the national capital region have bought the highest number of land parcels in the past couple of years
Only builders, banks gain when you take loan to invest in realty
May 11, 2014
MUMBAI: An acquaintance recently told me that his colleague had bought a flat for Rs 40 lakh and is selling it at Rs 80 lakh. He had made a down payment of only Rs 8 lakh at the time of buying the flat. According to him, real estate was the best investment option. This is something we hear almost every second day as financial planners.
Maharashtra approves proposal to up contingency fund to Rs 2500-crore
May 01, 2014
MUMBAI: To provide relief to farmers suffering crop losses due to hailstorm, the Maharashtra government today approved a proposal to hike the limit of contingency fund to Rs 2,500 crore from Rs 1,000 crore.
Pricey realty deals: Cipla's Yusuf K Hamied & KKR's Sanjay Nayar buy Breach Candy’s Sea Face Park ho...
Apr 09, 2014
MUMBAI: Drug major Cipla's Yusuf K Hamied and private equity giant KKR's Sanjay Nayar have bought sea-facing 3-bedroom apartments in Breach Candy's Sea Face Park in South Mumbai, in what are the second most expensive apartment deals across the country.
Oberoi Realty jumps after winning Tata Steel Mumbai land
Mar 26, 2014
MUMBAI: Oberoi Realty jumped 11.22% to Rs 221 at 9:35 IST on BSE after the company said it was declared the highest bidder at the auction of about 25 acres of land parcel owned by Tata Steel in Borivali, Mumbai.
Prestige Estates drops after recent rally
Mar 26, 2014
MUMBAI: Prestige Estates Projects lost 1.15% to Rs 164 on BSE, with the stock sliding on profit booking after recent rally.
Cuffe Parade flat fetches Rs 30 crore in public auction
Mar 06, 2014
MUMBAI: A prominent businessman outbid others at a public auction in the Bombay High Court on Tuesday with his offer of Rs 30.50 crore for a sea-facing Cuffe Parade flat. The 3,000 sq ft apartment in Maker Towers B was put up for auction following insolvency proceedings against a city businessman who owned the flat. The flat was thus sold for Rs 1.01 lakh per sq ft.
Mumbai builder Lodha Group buys second building on Carey Street in London for Rs 1,000 cr
Feb 19, 2014
MUMBAI: Mumbai builder Lodha Group has bought a second building in London for over 90 million pounds, or around Rs 1,000 crore, in the space of three months. In November, the group had acquired MacDonald House in central London which housed the Canadian consulate in UK, for over 306 million pounds or Rs 3,120 crore.
To buy or not to buy in Ulwe
Jan 18, 2014
MUMBAI: Inspite of all the infrastructural delays in Ulwe, there seems to be a golden opportunity in this climate of subdued sentiments. Let me try to substantiate the rationale behind this line of reasoning:
Indiareit raises Rs 1000 crore for domestic property fund
Jan 09, 2014
MUMBAI: Indiareit Fund Advisors, the real estate private equity arm of India's Piramal Enterprises, has raised Rs 1000 crore ($160.5 million) from investors within the country, the company said.
Sebi disposes case against Real estate firm Hubtown after settlement
Jan 09, 2014
MUMBAI: Real estate firm Hubtown Ltd, formerly known as Ackruti City, has paid Rs 2 lakh to settle a Sebi probe into alleged irregularities with regard to correct disclosure of promoter shareholing in the company.
For old world collectors, a painting was more than property
Dec 21, 2013
MUMBAI: Long before art was viewed as an investment, valued as arbitrarily as a high-rise flat (with plunge pool), there were two small art galleries in the city, Chemould and Pundole. Both opened in 1963, in old-world Fort, before Flora Fountain became Hutatma Chowk. Both were run by Parsis, the Gandhys and the Pundoles who, also coincidentally, started as framers. Both shared a healthy rivalry and a simple motive--to nurture artists and sell paintings.
Proposed sea link to support Navi Mumbai market
Dec 13, 2013
MUMBAI: The proposed 22 km six-lane sea link between Sewri and Nhava Sheva is all set to change the skyline of Panvel as the distance between Mumbai city and Panvel will reduce drastically. With this proposed infrastructural project and development of various offices and corporate houses around Navi Mumbai, the demand for residential properties in Navi Mumbai is expected to increase.
Gammon struggles to turn around
Dec 11, 2013
MUMBAI: Gammon India is reeling under many issues common to the infrastructure sector in the past two years -- slow progress of projects, payment crises and reduced spending by the government.
Investors of Hirco Plc raise questions against erstwhile bosses
Dec 10, 2013
MUMBAI: Investors of Hirco Plc, a company listed on London's Stock Exchange's sub-market AIM, are raising serious questions against the firm's erstwhile chairman Niranjan Hiranandani and then CEO Priya Hiranandani-Vandrevala.
Milestone Capital plans to raise Rs 500 crore real estate fund in January
Nov 29, 2013
MUMBAI/BANGALORE: Private equity firm Milestone Capital Advisors is planning to raise a Rs 500-crore real estate fund, which will be launched in January and will have a greenshoe option of additional Rs 250 crore.
Diamond merchant Dilipkumar Lakhi buys Cadbury House for Rs 350 crore
Nov 20, 2013
MUMBAI: A Mumbai-based diamond merchant has bought Cadbury House, a popular South Mumbai landmark for around Rs 350 crore, said three persons familiar with the development.
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.
‘Govt willing to relax norms on deemed conveyance’
Jul 18, 2013
MUMBAI: The Maharashtra government on July 17 promised a string of reforms in the existing law on deemed conveyances to give relief to thousands of flat owners in old housing societies who are eager to complete the formality of conveyance.
Borivali-Goregaon projects: Offering décor delight
Jul 17, 2013
MUMBAI: The Borivali-Goregaon west stretch has witnessed rising property prices for the last six months. Most of the home buyers are looking for smaller sized units – 2 and 3-BHK configurations because of the rising property prices. Depending on the budget, developers are offering various décor features – both, internally and externally, in their new projects.
Worli in Mumbai is a realty market to reckon with
Jul 17, 2013
MUMBAI: From being a traditional textile mill location a few decades ago, Worli has come a long way to emerge as one of the prime real estate destinations in the country’s commercial capital.
Mumbai sees highest office space absorption this year
Jul 16, 2013
MUMBAI: About 2.4 million sq ft (msf) of office space was absorbed in Mumbai in the first half (H1), (January-June), the highest across India, according to a new data released by global property consultant Cushman & Wakefield (C&W) on Monday. But this absorption was still 10% less compared to the first half of 2012.
Capital values rise along the Borivali-Goregaon West belt
Jul 15, 2013
MUMBAI: The 10-kms stretch, extending from Borivali west to Goregaon west, is high on the list of buyers looking for capital appreciation. With Kandivali west falling along the corridor, the area has 13 per cent of the total new properties (as per data with MagicBricks.com) being constructed there. Out of these, Goregaon west and Borivali west would be delivering 50 per cent and 20 per cent of the supply respectively, most of which is scheduled for possession in the coming three years.
Prime land deals expected this year despite slowdown
Jul 15, 2013
MUMBAI: The sluggish economic climate notwithstanding, big-ticket land sales are expected to see a spurt this year as some aggressive developers look to buy plots in anticipation of a revival of the property market.
Capital values rise along the Borivali-Goregaon West belt
Jul 15, 2013
MUMBAI: The 10-kms stretch, extending from Borivali west to Goregaon west, is high on the list of buyers looking for capital appreciation. With Kandivali west falling along the corridor, the area has 13 per cent of the total new properties (as per data with MagicBricks.com) being constructed there. Out of these, Goregaon west and Borivali west would be delivering 50 per cent and 20 per cent of the supply respectively, most of which is scheduled for possession in the coming three years.

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