Latest Realty News

Zensar secures over Rs 180 cr orders in current month
Jan 30, 2014
MUMBAI: Zensar Technologies has won contracts worth more than Rs 180 crore in the first month of 2014.
Tribunal asks ARCIL to stay auction of Tulip Star hotel
Jan 29, 2014
MUMBAI: In a major relief to Mumbai-based realty firm Nirmal Lifestyle, the Mumbai bench of Debt Recovery Tribunal (DRT) has directed stress asset firm ARCIL not to proceed further on auctioning of the Tulip StarBSE 2.27 % (erstwhile Juhu Centaur) Hotel at prime Juhu Tara Road in Mumbai.
Home away from home near Mumbai
Jan 29, 2014
MUMBAI: Owning a home is considered one of the most important investment decisions for anyone. Purchasing a second home is thus, the second most important decision. Having an asset that provides rental income can mean long-term financial security. In addition, appreciation in capital values can result in a significant corpus via sale of the asset, if and when needed. Many second home buyers from Mumbai also invest in second homes, primarily for the convenience of having a weekend getaway or to a
BMC’s preparatory report for ‘Development Plan’ made public
Jan 29, 2014
MUMBAI: The Municipal Corporation has undertaken the work of revision of the ‘Development Plan’ for Greater Mumbai for the 2014-2034 period (20 years). The work of revision of the ‘Development Plan’ is being carried out by municipal engineers, urban planning consultants and M/s Groupe SCE(I) Ltd. As a part of this exercise, the work of Existing Land Use survey (ELU) was completed in the year 2012 and the same was also thrown open to the public for comments till March 30, 2013. The comments recei
Mira Road-Bhayandar: Rapid transformation
Jan 28, 2014
MUMBAI: Back in 1992, when Basesh Gala, director-marketing and sales, Ravi Group, launched the company’s first project in Mira Road, the suburb was an ignored, passive and a far-flung region of Mumbai. Today, there are several projects which have come up in this area. He explains that “The flats in Mira Road are currently listed in the most wanted residential destinations of Mumbai city.
Nahar Group launches multi-themed villas in Mumbai
Jan 28, 2014
Mumbai: The Nahar Group, India’s leading real estate developer today made its foray in premium villas by launching Bali themed podium villas at Nahar’s Amrit Shakti in Chandivali, Powai. The limited edition of the villas is well planned to provide complete privacy and exclusivity to the owner. Each villa is spacious and super luxurious with a private garden, a perfect home for those who opt for something special and unique.
Money mistakes that might haunt you in the future
Jan 28, 2014
MUMBAI: Making mistakes with our money is something we all are wary of but can never really be sure of avoiding. Even those of our friends who seem to have the smarts for handling their money, sometimes falter at problems that credit and financial planning bring along.
IDFC Alternatives unveils two real estate funds
Jan 28, 2014
MUMBAI: Sensing a healthy appetite from the real estate industry, IDFC Alternatives, the private equity arm of infrastructure finance company IDFC Ltd, is raising two funds for the sector. The firm is raising a domestic mezzanine debt fund of about $100 million (?620 crore) and a foreign rental yield fund of $300 million (?1,860 crore).
RBI order on notes to fuel real estate deals
Jan 27, 2014
MUMBAI: The Reserve Bank of India's decision to withdraw pre-2005 currency could lead to a spurt in real estate deals and realty prices in many parts of the country in the short term.
Investors turn to realty as gold loses sheen after curbs
Jan 25, 2014
MUMBAI: The government's efforts in the past few months to curtail gold demand may have come as a saving grace for the real estate sector. For months, realty had been going through a slump in the country with high prices keeping the end-user demand low. As the government's efforts to moderate gold demand through import duties and other stricter norms began around July, investors and speculators shifted their focus from the yellow metal to real estate, said a report by India Ratings, the Indian a
Bhiwandi is coming up with affordable housing
Jan 25, 2014
MUMBAI: Rohit Sheshadri, working in a software company in Thane had been searching for a flat around Thane area. After doing extensive research, he finalised a flat in Bhiwandi. Sheshadri said, “The rate which I got in Bhiwandi was even lower than my budget. Also, as the project was near the highway I am not facing any commuting problems. Bhiwandi is a town only 20 kilometres away from Thane which is now rapidly growing as a destination for homebuyers looking for budget homes.
Tricks of trade land builders in dock, HC sends notices
Jan 25, 2014
MUMBAI: Acting suo motu, the Bombay High Court converted into PIL a letter written to it by an activist alleging illegalities in the sale of flats in Mumbai and Thane and issued notices to the state government, civic administration, income tax authorities and some of the leading developers in the city.
Small businesses too need quality office space
Jan 25, 2014
MUMBAI: The country is abuzz with several entrepreneurial ventures. Every entrepreneur looking to start a new venture, or expand a fast-growing one, is on the lookout for office space, preferably in a business centre with coffee shops and restaurants.
Owner sells off Mumbai property seized by CBI
Jan 24, 2014
MUMBAI: A flat under investigation by the CBI in a Rs 578 core chit fund scam has been sold despite the agency informing the society office-bearers about the probe and seizing the property-related documents.
‘Provide infra support for unorganised sector workers’
Jan 23, 2014
MUMBAI: More infrastructure to support workers in unorganised sectors in Mumbai was one of the prime demands made at the BMC’s public consultative workshop on the “informal sector”, held on Wednesday for the Mumbai Development Plan (DP) 2014-2034.
Luxury housing finds space in Thane
Jan 23, 2014
MUMBAI: “Luxury projects in Thane? You must be joking. Isn’t the location meant for affordable living of working class?” Well, you may also have had the same reaction in the past if you weren’t tracking the developments in and around Thane’s property market. This region is on a fast forward mode of development and the growth has been both, horizontally and vertical. The fact is that Thane is changing and it is changing fast. Luxury projects which had a stronghold in South Mumbai and Navi Mumbai,
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.
Nariman Point RR rates beat market
Jan 21, 2014
MUMBAI: The new stamp duty ready reckoner rates for Nariman Point have been fixed at Rs 43,000 a sq ft when the prevailing market rate ranges between Rs 26,000 and Rs 30,000 a sq ft.
Strategic shift leading to market maturity in 2014
Jan 20, 2014
MUMBAI: What cannot be learnt in the class room or the board room, is better learnt by market dynamics, that too, against the odds. The Indian real estate sector, in search of better finance and clear policies, seems to have learnt it on the job and hence, there seems to be a strategic shift in its operating methodology. This indicates that the market is on its way to maturity in 2014. Realtors have, of late, learnt to innovate. Different business models are now being used. One of the most popul
Maharshtra stays 2014 ready reckoner guidelines
Jan 20, 2014
MUMBAI: The inspector-general of registration on January 17 issued orders staying the ready reckoner (RR) guidelines of 2014. The stamp duty and registration department will seek the opinion of all stakeholders like developers and legislators before preparing fresh guidelines to determine the market value of a property. Till then, the department will consider the market value of properties finalized in 2013.
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:
To woo buyers, StanChart ready to ‘slice’ building
Jan 18, 2014
MUMBAI: Failing to find a buyer for its entire office building in suburban Mumbai for Rs 315 crore over the last six months, Standard Chartered Bank is now offering the option of partial sale on a floor-wise basis to woo buyers.
Indian real estate worth Rs 7,700cr up for sale by lenders: Report
Jan 16, 2014
MUMBAI: India's dismal economic figures have expectedly hit the Realty sector hard - an estimated Rs7,700 crore worth of commercial and residential properties across the country are up for sale by lenders, according to an industry study.
Boom in Mumbai realty rates unsustainable: Study F
Jan 16, 2014
MUMBAI: An international research firm has stated that the city's property prices, which have increased nearly fourfold in the last decade, are unsustainable.
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.

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