Latest Realty News

‘Infrastructure will propel growth in 12-18 months’
May 26, 2014
MUMBAI: There is unison in thought among India Inc that accelerating infrastructure projects is the way forward for the new Government to recoup growth to the 8-10 per cent levels.
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.
Tata Sons chairman Cyrus Mistry's company wins battle 'royal' against lawyer
May 10, 2014
HYDERABAD: A company owned by the family of Tata Sons chairman Cyrus P Mistry has won a victory in the Andhra Pradesh high court as it tries to safeguard the assets it bought from the heirs of the erstwhile Nizam of Hyderabad. In an order last week, the court put a temporary halt to the sale or transfer of Cyrus Investments' assets in Hyderabad by the lawyer who was given a general power of attorney for the assets by the Mumbai-based company.
SBI to start special scheme for children's accounts
May 09, 2014
MUMBAI: Following the Reserve Bank's move to allow minors to open and operate accounts, the State Bank of IndiaBSE 1.04 %, the nation's largest lender, today said it will start a special scheme for children shortly.
What are Real Estate Investment Trusts or REITs?
May 06, 2014
MUMBAI: Swatantra Kumar explains: REITs or are a special type of investment vehicle which operate more like mutual funds but invest in real estate properties for returns. These properties are usually income generating properties, commercial or residential, and the returns from such investments are passed on to the investors in the REITs.
APG and Xander launch $300 million India office fund
May 05, 2014
DELHI: Dutch pension fund manager APG Asset Management and PE firm Xander have launched a $300 million (Rs 1,800 crore) fund that will buy high quality income-generating office assets in India's main office markets.
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.
Land prices in Mumbai touch new high
Apr 14, 2014
MUMBAI: Acute land shortage in Mumbai has led to a ridiculous situation where plots fetch astronomical rates. On Monday, a 25-acre sprawl belonging to Tata Steel in the suburban Mumbai invited the highest bid of Rs 1,155 crore. Over the past decade, as the housing shortage became more severe, the city recorded phenomenal property transactions. Fours years ago, a land parcel sold for over Rs 4,000 crore, a national record of sorts.
Real estate agent booked for rape, circulating objectionable photos of victim
Apr 11, 2014
MUMBAI: The Charkop police are looking for a real estate broker after his female friend lodged a complaint of rape on Tuesday. The 21-year-old woman also stated that the accused had clicked objectionable photos of hers and had begun sending it to her parents.
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.
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.
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.
RPower, Dewan Housing Finance gain after large block deals
Mar 26, 2014
MUMBAI: Key benchmark indices trimmed gains after hitting record high at the onset of the trading session. The barometer index, the S&P BSE Sensex, was up 68.29 points or 0.31%, off 48.60 points from the day's high and up 4.03 points from the day's low. The market breadth, indicating the overall health of the market, was strong. The market sentiment was boosted by data showing that foreign institutional investors (FIIs) made substantial purchases of Indian stocks on Tuesday, 25 March 2014. Gains
Realty companies wake up to brand value, challenge infringement
Mar 25, 2014
MUMBAI: Real estate developers in India have started challenging possible infringement of their brand names established over the years, joining their counterparts in sectors such as pharmaceuticals and consumer goods that are known to make serious efforts to promote and protect their distinctive identities.
Resale property
Mar 21, 2014
MUMBAI: If one has personal cash resources at one’s disposal and is not reliant on a home loan, it is best to buy a home in a strategic, high-demand location that has no new supply of housing, feel experts. This could result in very high return on investment (ROI) because it would mean that the project would come up for redevelopment, ensuring a tidy profit to the owner. However, it is important to note that home loans on a very old property cannot be taken for granted.
BMC to issue certificates before razing shaky buildings
Mar 21, 2014
MUMBAI: In a bid to persuade the residents of private societies to vacate their dilapidated buildings, ward offices will issue them a certificate of occupancy before razing such structures.
IDFC Alternatives raises $123 million in real-estate debt fund
Mar 21, 2014
MUMBAI: IDFC Alternatives Ltd, a private equity fund managed by India's IDFC , raised 7.5 billion rupees for a debt fund that will lend to developers of residential real-estate across the countr
5 firms in race for Tata Steel’s Mumbai land
Mar 20, 2014
MUMBAI: Tata Steel’s 25-acre land in Borivali received five bids from Mumbai’s top corporates and developers. The deal is expected to rake in Rs 1,000 crore for the company, though the buyer will have to shell out anywhere between Rs Rs 1500-2,000 crore to acquire and develop the property.
Piramal buys 3.5% stake in Sunteck Realty for around Rs 65 cr
Mar 20, 2014
MUMBAI: Ajay Piramal-led Akshar Fincom has picked up a 3.5 per cent stake in Sunteck Realty for around Rs 65 crore, according to industry sources.
India office market view
Mar 20, 2014
MUMBAI: India’s economic momentum in 2013 was one of the most sluggish in over a decade. Signs of recovery, however, were visible from the second half of the year, with GDP growth touching 4.8 per cent during the July-September period, largely on account of improved performances in the agriculture, financing, insurance and business services sectors, as against a 4.4 per cent growth rate during the April-June period. Furthermore, positive export growth and reduction in imports, helped in bringing
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.
Mumbai builders flout rules, sell flats in projects sans clearances
Mar 18, 2014
MUMBAI: Without any construction permissions in place and sometimes even when land titles are not clear, builders in the city have been enticing clients to book flats early at discounted rates although it is illegal under the law. In fact, by luring investors to book flats by paying just 10% to 20% before the first brick is laid, developers manage to sell 200 to 300 flats even before the project is publicly announced in some cases.
Godrej Properties adds new project in Mumbai through pact with Godrej & Boyce
Mar 13, 2014
MUMBAI: Godrej Properties, the real estate development arm of the Godrej Group, has entered into a pact with group company Godrej & Boyce to develop a new project on the latter's property at Vikhroli suburb of Mumbai, the company said in a release.
Four weeks to study Campa Cola documents
Mar 11, 2014
MUMBAI: Attorney general Goolam Vahanvati appearing for the BMC sought four weeks from the SC to study the land title and conveyance documents submitted by Campa Cola residents who have filed a review against their eviction order.

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