Latest Realty News

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.
Commercial property market sees upward trend
Feb 19, 2014
BANGALORE: Positive indicators for growth are increasingly evident across the real estate sector with results pointing to a slightly faster improvement in retail real estate compared with office and industrial. At the forefront of these trends are the UAE and Japanese real estate markets, where the Occupier Sentiment Index (OSI) and the Investment Sentiment Index (ISI), are firmly entrenched in positive territory. Significantly, twelve month forward expectations for rents and capital values in b
Redevelopment is the future of Mumbai’s realty skyline
Feb 19, 2014
MUMBAI: Five years ago, the redevelopment of Mumbai was on the priority list of government policies. After all, cities remain vibrant if people inhabiting them are enthusiastic about living in those cities. You cannot expect people to exude zest when most buildings in the city are crumbling. The other problem the city faces is that there is no fresh land for development. Hence, the state government is now focused on redeveloping the existing old buildings. However, for one reason or the other, t
Realtors welcome incentives for affordable housing
Feb 19, 2014
MUMBAI: Despite the real estate industry’s low expectations from the interim budget, there were no surprises in it for the sector. The industry, however, welcomed government support to the affordable housing sector and fund allocations to the rural as well as urban housing funds.
Mumbai’s ultra rich have outgrown living in apartments
Feb 17, 2014
MUMBAI: Living in a bungalow has become the ultimate status symbol for the city’s uber rich, who are not swayed by penthouses and sky villas with 360-degree views
'Mumbai's ultra rich have outgrown living in apartments'
Feb 17, 2014
MUMBAI: Living in a bungalow has become the ultimate status symbol for the city's uber rich, who are not swayed by penthouses and sky villas with 360-degree views.
Realty market slipped over 6 months: Study
Feb 15, 2014
MUMBAI: The real estate market has deteriorated compared to the last six months, according to a report released by Knight Frank India and the Federation of Indian Chambers of Commerce & Industry.
Knight Frank sees revival in real estate market
Feb 15, 2014
MUMBAI: While developers and financial institutions believe that the present residential and office markets are weaker they were six months ago, they are optimistic that the next six months would see a change.
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.
Mumbai, Pune home prices jump 50% in past five years
Feb 15, 2014
MUMBAI: Mumbai Metropolitan Region and Pune have seen 50% jump in residential prices in the last five years, which is highest among the top seven cities, said a new survey.
Home prices rise up to 8% in 16 cities, Mumbai stagnant during October-December
Feb 12, 2014
MUMBAI: Despite weak home sales in many cities, prices continued to rise in 16 property markets including Delhi, Bangalore, Chennai, Pune and Hyderabad in the quarter ended December, according to the National Housing Bank's housing prices index, NHB Residex.
Tier-III cities drive retail realty market: Jones Lang LaSalle
Feb 11, 2014
MUMBAI: Tier-III cities are emerging as attractive destinations for retail real estate primarily due to development of infrastructure and increasing purchasing power of consumers in these markets, according to property consultant Jones Lang LaSalle (JLL).
RR rates in Mahalaxmi precinct are more than market value
Feb 11, 2014
MUMBAI: An unusually high ready reckoner (RR) fixed by the stamp duty office on over century-old properties within Mumbai’s oldest religious and heritage sites, the landmark Mahalaxmi temple complex, has stumped its residents.
A boost for Mumbai’s real estate market
Feb 11, 2014
MUMBAI: For more than five lakh residents, the Supreme Court’s decision to remove the forest tag from huge tracts of land spread over Mumbai, has brought an end to their sleepless nights. The apex court has quashed all prior notices and orders regarding encroached forest land issues, in the last nine years, about the various areas bordering the Sanjay Gandhi National Park in Mumbai.
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.
Realty sector to witness healthy activity in 2014
Feb 08, 2014
MUMBAI: The housing market is poised to regain momentum in the year 2014 and the turnaround of its fortune, is expected to coincide with the upcoming union budget. Analysts believe that if the residential market has remained stable during the year 2013, despite poor macroeconomic sentiments, it shows there is enough appetite for housing and projects, at the right price point, which are continuing to sell across the country. Moreover, with the reported inventory and expected supply coming in duri
BMC to double fine on illegal additions in flats
Feb 07, 2014
MUMBAI: The Brihanmumbai Municipal Corporation will soon start collecting penalty for unauthorized constructions or extensions at twice the property tax levied on the entire illegal area.
Kolte-Patil Developers completes acquisition of land in Pune for Rs. 350 crore
Feb 06, 2014
MUMBAI: Pune-based real estate developer Kolte-Patil has completed the acquisition of a 34 acre land parcel at Wakad, Pune for approximately Rs. 350 crore.
Real estate: New launches key
Feb 06, 2014
MUMBAI: Oberoi Realty was the largest loser in the realty pack shedding five per cent as the Street was disappointed with its December 2013 quarter (Q3) results on Saturday. The stock, with the other Mumbai-based company Godrej Properties, had made gains on Friday after the Supreme Court struck down orders relating to encroached forest lands in areas surrounding the Sanjay Gandhi National Park in Mumbai. While there are gains as projects in the affected areas in Mumbai can go ahead, the weak res
Private equity firm MPC Synergy Real Estate to exit Anil Nanda's Akme Projects
Feb 05, 2014
BANGALORE | MUMBAI: Private equity firm MPC Synergy Real Estate is exiting its investments in Akme Projects, the real estate developing firm of Anil Nanda Group, two people with direct knowledge of the development said.
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.
Housing society elections: Know your rights to challenge the position held by members
Feb 03, 2014
MUMBAI: Girish Shah has been the general secretary of a housing society in Mumbai's western suburbs for the past eight years. Though he has been managing the society's affairs, there is a simmering discontent among the residents against him. "He has not conducted fresh elections in all this time," says a resident. He adds that the entire managing committee has been appointed by Shah and they have been inventing fees and penalties that cannot be legally imposed. However, the housing society membe
How infrastructure is crucial in real estate
Feb 03, 2014
DELHI: We keep hearing ‘infrastructure bottleneck’ quite frequently in the real estate sector. To most of us, it mostly refers to adequate roads and flyovers. Infrastructure is a lot more than mere roads and flyovers. It is the backbone on which towns and cities are planned and built. It covers road connectivity, rail network (both metro and mono rail), public transportation, hospitals, adequate number of schools and colleges, water supply, electricity, telecom, a proper market yard and retail
New norms needed for city, says state
Jan 31, 2014
MUMBAI: With the Rajiv Awaas Yojana (RAY), the Union government’s flagship scheme for ‘slum-free India’ by 2022, proving to be a non-starter in Mumbai, the state government now plans to ask the Centre to concede to a separate set of norms for the city.
Cumulative impact of increase in ready reckoner rates in Maharashtra
Jan 30, 2014
MUMBAI: The Maharashtra state government hiked the Ready Reckoner valuations of immovable properties in Mumbai, substantially for 2014, though property prices have not grown as much. How does this affect the common house purchaser or house seller?

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