Latest Realty News

India Infoline Home Finance launches Rs 200-crore NCD issue
Mar 11, 2014
MUMBAI: India Infoline Housing Finance (IIFL) launched a non-convertible debenture (NCD) issue today to raise upto Rs 200 crore in a six-year debt offering up to Rs 12.68 per cent yield.
Property tax relief for owners
Mar 11, 2014
MUMBAI: The Bombay high court has granted relief to all property owners who have to pay steep property tax on the basis of a new system introduced in 2010. They can now pay property taxes under the old un-amended rates with 50% differential between the old and new rates, the HC directed recently.
New project to fly over busy junctions on PB corridor
Mar 11, 2014
NAVI MUMBAI: If the one-time planning project takes off after the, city travel will transform into seamless traffic sans signals.
The rich home in on safe bets
Mar 10, 2014
MUMBAI: A sprawling estate in the countryside, a heritage bungalow, large tracts of farm land – these may seem the likely investments for high net worth investors (HNIs) seeking property purchases. But with the downturn striking, the truth is that HNIs have been getting pretty conservative with their real estate bets.
Top global investor CPPIB to set up team in India
Mar 10, 2014
MUMBAI: Canadian Pension Plan Investment Board (CPPIB), among the largest long-term public and private equity investors managing $200 billion in assets, is set to appoint an India team with a new office in Mumbai later this year.
MMRDA proposes another radar at Panjarpol for taller buildings in BKC, Wadala
Mar 10, 2014
MUMBAI: Pushing for taller buildings in Bandra Kurla Complex and Wadala, the city’s development authority has written to the Ministry of Civil Aviation saying it is willing to set up an additional radar atop the twin tunnels it has constructed on the Eastern Freeway at Panjarpol to serve the purpose. The response follows suggestion from the ministry that more radars spread across the city at different sites might ease flight movement, while simultaneously allowing taller buildings.
Mumbai slips in list of most expensive rental accommodation
Mar 07, 2014
DELHI: Mumbai has slipped to 28th position in the list of world's most expensive locations for high-end rental apartments sought by expats but it still remains the costliest city in India, according to HR consultant ECA International.
KKR bets on stress; Blackstone on realty
Mar 07, 2014
MUMBAI: Kohlberg Kravis Roberts (KKR & Co) and Blackstone Group LP, two of the major private equity (PE) investors in India, are planning to increase their exposure in the country by changing their investment strategy. While Blackstone is doing a lot of real estate investments, KKR says it will focus more on investing in stressed corporates.
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.
Survey on green real estate sector 2014
Mar 06, 2014
MUMBAI : While construction processes are increasingly adopting environmental improvements, waste minimisation practices and resource inputs, are getting less attention. One of the key objectives of the national mission on sustainable habitat, released by the Indian prime minister in 2008, was to extend the energy conservation building code to new and large buildings, to ensure energy efficiency in a significant way. There is an array of challenges and barriers ailing the green real estate secto
Indian realty in search of its superbrand
Mar 06, 2014
MUMBAI: If customer satisfaction and top of the mind recall value in the collective consciousness, are two key ingredients of pushing up a company or its product as the superbrand, then the Indian real estate sector has to go a long way in creating its own Burj Khalifa. The brand consciousness is though pretty high within the sector, yet, it seems the nature of the business often creates a deep chasm between sales and brand positioning. Whether to position the company as a brand or the project w
Tardy BMC to pay Rs 18 crore as property tax refund
Mar 04, 2014
MUMBAI: The tardiness of civic officials has resulted in the cash-strapped BMC paying around Rs 18 crore as interest for the delay in refunding the extra money citizens had paid as property tax.
Home Maker adds class to the affordable real estate market
Mar 04, 2014
MUMBAI: Home Maker Properties Private Limited adds a new paradigm to the real estate market with its impressive offering of affordable mass housing projects providing top class residential as well as commercial properties. The company intends to develop more than 7 lakh sq ft area in West India.
Increased connectivity has boosted Mumbai’s property market
Mar 04, 2014
MUMBAI: Sunil Kher, a Chembur resident, commutes to south Mumbai daily for work by road. Earlier, he used to be quite frustrated by the traffic jams on his way to work. However, with the start of the new Eastern Freeway, his life has become much easier. Kher informs, “I had decided to shift to Dadar or some other place near my office three years ago but now, after the Freeway becoming functional, my life has taken a big turn. We are planning to buy a flat either in Chembur or Bhandup due to the
SC adjourns hearing on Campa Cola society till March 10
Mar 04, 2014
MUMBAI: The Supreme Court has adjourned hearing on Worli’s controversial Campa Cola society to March 10, as attorney general (AG) GE Vahanvatti was unavailable.
Mumbai's rapid urbanization to boost real estate industry
Feb 28, 2014
MUMBAI: Mumbai Rapid urbanization and demographic changes, especially within emerging markets, will lead to substantial growth in the real estate investment industry over the next six years, according to Real Estate 2020: Building the future, a new report from PwC. At the same time as the industry's opportunities grow, so too will assets invested into the sector, it said.
Unitech says servicing LIC loan; to clear it by March-end
Feb 27, 2014
MUMBAI: Real estate developer UnitechBSE -2.97 % has claimed that it has been regularly servicing the Rs 200-crore loan it had taken from LIC, even though a senior official of the life insurance major said they are looking into the account as it is a very serious matter.
Real estate's top marketer
Feb 27, 2014
DELHI: Executives in the offices of the Lodha Group, Mumbai's premier real estate developer, describe their managing director, Abhishek Lodha, as a 'workaholic'. He works late till 1 or 2 am and then beats them to the office in the morning. Lately, however, they are missing his constant presence in the office in Mumbai's Mahalaxmi area. Lodha has been travelling to London frequently these days after the group bought properties worth Rs 3,900 crore in the British capital.
Forest land: Maharashtra considers review plea against SC verdict
Feb 27, 2014
MUMBAI: The state government has sought legal opinion on whether it should file a review petition against the recent Supreme Court order removing the “private forest” tag attached to huge swathes of land across the state.
Emerging commercial hubs of Mumbai
Feb 26, 2014
MUMBAI: With the number of commercial properties witnessing growth during the last decade in the city, an increasing number of locations are emerging as business hubs for specific sectors and products. These changing trends have taken shape over the last few years, where these areas are being targeted by commercial buyers. The new emerging business districts where maximum commercial activity is taking place, are Andheri-Jogeshwari, Malad-Goregaon, Powai-LBS Marg and Thane-Navi Mumbai. According
Residents of Campa Cola resubmit documents to the BMC
Feb 25, 2014
MUMBAI: Residents of Campa Cola compound on February 20 submitted all relevant documents to Brihanmumbai Municipal Corporation (BMC) to find a solution to the ongoing issue arising out of orders to demolish their homes.
Ready reckoner painful for Mumbai real estate buyers
Feb 24, 2014
MUMBAI: The state government must review its latest ready reckoner (RR) rates, which is used to calculate market value of properties for payment of stamp duty and registration charges.
Bandra-Kurla Complex second-most pricey office space
Feb 23, 2014
MUMBAI: The commercial business district of the Bandra-Kurla Complex (BKC) has emerged as the second most expensive office location in India and eighth in the Asia Pacific region.
Over 30 Indian property developers to exhibit in Dubai
Feb 22, 2014
MUMBAI: More than 30 real estate developers from India will showcase their properties to Non-Resident Indians at an expo starting here from today.
Bandra-Kurla Complex second-most pricey office space
Feb 20, 2014
MUMBAI: The commercial business district of the Bandra-Kurla Complex (BKC) has emerged as the second most expensive office location in India and eighth in the Asia Pacific region.

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