Latest Realty News

Time to invest in ‘metros’ for better realty returns
Dec 31, 2013
MUMBAI: Many investment experts believe that real estate investors could be in for a good time in the coming year. "It is a good time to invest in the real estate space. If you are getting a good entry price, you should definitely invest during the period between January and the monsoon of 2014," says Sanjay Dutt, executive managing director, Cushman & Wakefield. Some are asking their clients to consider investing before the general elections next year. If you are sitting on money for a long tim
Taking stock of financial wealth
Dec 31, 2013
MUMBAI: As the new year is about to begin, it is essential for every investors to take stock of their financial wealth. Though developing an investment strategy depends on individual investors’ financial needs, risk appetite, current and desired financial position, etc, it is essential to discuss some of the major areas of concentration such as retirement planning, educational planning, estate planning and insurance which are essential for every individual investor.
Proximity to Eastern Freeway an advantage
Dec 31, 2013
MUMBAI: With the development potential of Mumbai's western suburbs almost fully exploited, we are witnessing increased momentum in new developments in the eastern suburbs where land parcels are still available and prices more affordable. As a result, the 16.8-kilometre Eastern Freeway that connects P D Mello Road in South Mumbai to the Eastern Express Highway at Ghatkopar has sprung into sharp focus with developers.
Real estate in 2014: Haggle hard with the developers
Dec 30, 2013
MUMBAI: With the economy slowing down, job losses mounting and salary increments pared to the bare minimum, the real estate sector found itself in all sorts of difficulties in 2013. High property prices and interest rates on home loans also took a toll on affordability.
Be brave: Go for equities, shun gold
Dec 30, 2013
MUMBAI: It's not been the easiest of years for financial planner Gaurav Mashruwala. He had to constantly assure his clients that they should not panic and change asset allocation.
Renting real estate can be a worthwhile option
Dec 30, 2013
MUMBAI: Possibly the biggest buying decision of your lifetime - purchasing your own house - has become a lot more difficult than before, with prices rising in the big cities of Mumbai and Delhi and several other parts. In certain prime locations, the affordability index has gone through the roof, posing big questions before property aspirants: To buy or to rent? Will property price correct in 2014?
Sahara's 'Rs 19,300 crore plot' in Mumbai worth little: Sebi
Dec 30, 2013
MUMBAI: A plot owned by the Sahara Group in the western suburb of Versova and valued by global property consultant Knight Frank at a jaw-dropping Rs 19,300 crore may actually be worth nothing.
Factors that impacted Mumbai’s real estate in 2013
Dec 28, 2013
MUMBAI: Though Mumbai is the financial capital of India, the real estate market of the city has not been very encouraging in 2013 as the over-all performance graph was stagnant. The reasons for stagnancy could be justified due to various factors that impacted the market. A few of them have been discussed here:
Mall space availability to rise to over 95 mn sq ft in 2015
Dec 27, 2013
MUMBAI: Total mall space availability across seven top cities is expected to increase by almost 26 per cent to 95.7 million square feet by 2015, a recent survey said.
Shopping malls set to grow, not only in numbers but also in size
Dec 27, 2013
DELHI: Malls in India are getting bigger as developers are focusing on projects that can accommodate more shoppers and offer various facilities under one roof. The average size of malls is likely to increase to 470,000 sq ft in 2015 from around 380,000 sq ft now, according to a study by property advisory firm Jones Lang LaSalle (JLL).
Mumbai real estate market – an overview for 2014
Dec 24, 2013
MUMBAI: The year 2013 was an eventful year for the Indian Real Estate sector with the introduction of the Real Estate Regulatory Bill and the Land Acquisition Bill in the parliament. With such developments happening, there is high optimism about the coming year – 2014. There is hope that 2014 will see a positive shift from the earlier years and will bring in the much required stability and transparency in the property market. Mumbai’s real estate market too, expects to see stability and healthy
Campa Cola residents hope new SC bench will resolve issue
Dec 23, 2013
MUMBAI: Members of the beleaguered Campa Cola compound in Worli have expressed relief after the chief minister on December 20 assured them of help. Privately, however, they are relying more on their review petition that comes up for hearing before the Supreme Court on January 6.
Now, e-payment of stamp duty a must in Mumbai
Dec 22, 2013
MUMBAI: From December 23 and it will be mandatory for citizens to pay property stamp duty and registration fees through electronic secured bank treasury receipt (eSBTR)-an online payment service available round-the-clock.
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.
Where to look for affordable homes around Mumbai
Dec 21, 2013
MUMBAI: Mumbai, India’s commercial capital and one of the most thriving city, pulls in hundreds of people from all over the world with education and professional opportunities. Everyone comes here with a dream of owning a small space and feel one with the surroundings. But the reality is that owning a home in Mumbai is a distant dream for many looking for property within Rs 20-35 lakh, thanks to the skyrocketing property values.
Office space absorption down 25% in 2013: Cushman & Wakefield
Dec 21, 2013
MUMBAI: The total net office space absorption recorded a 25 per cent decline across top eight cities over the last year at 23 million square feet (msf), according to the annual estimations by global real estate consultancy Cushman & Wakefield.
Developers’ goodwill connects well in redevelopment of Mumbai
Dec 21, 2013
MUMBAI: A look at the changing face of the redevelopment segment in Mumbai suggests that it is the developers’ goodwill that connects better in this segment rather than any clout whatsoever. Analysts maintain that redevelopment is an inevitable reality in the city’s development and its perception is definitely seeing considerable improvement. People have also started realising that it is the only efficient method to transform the city’s graph. Planned redevelopment enables the maintenance of ass
Piramal's PE fund, 2 others in race for stake in Vardhman's 2 realty projects
Dec 20, 2013
MUMBAI: Billionaire Ajay Piramal's real estate focused private equity fund Indiareit Fund Advisors, US-based real estate fund Capri Capital Partners and Edelweiss Capital are in the fray to acquire a stake in Mumbai-based realty company Vardhman Developer's two real estate projects.
Investors bet on smaller leased office properties
Dec 16, 2013
MUMBAI: Ganesh Kumar, a real estate consultant in the Andheri area here, recently bought a 2,200-sq-ft property in Pune and leased it to a financial services firm. “I invested in office property for the first time. I am getting returns of 12-13 per cent, which is very good,” Kumar says.
Siemens puts 12 Mumbai properties on sale for Rs 40 cr
Dec 15, 2013
MUMBAi: Siemens has put its12 residential apartment properties in Mumbai on sale with a combined base price valuation of about Rs 40 crore.
Pune Court restrains entrepreneur from defaming Lavasa
Dec 13, 2013
MUMBAI: In a relief to Lavasa Corporation Limited, a Pune court, in an interim order, has restrained an entrepreneur from publishing or circulating defamatory material against the company.
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.
Aversion to debt makes Kolte Patil a rare realty gem
Dec 12, 2013
MUMBAI: Sujay Kalele, a former Infoscion, is a different kind of a real estate CEO. He thinks a hundred times before taking on debt. If cash flows are not strong, he would rather prefer private equity or partnerships than loans. In three years since taking over as the chief executive officer of Kolte-Patil, revenues of the Pune-based real estate developer have jumped 70%, profit has risen 50% while shares have soared 60% compared with a 60% fall in the BSE realty index.
NRI dollars flow into investments
Dec 12, 2013
MUMBAI: The share of remittances in India used for investment has gradually increased as compared with the main usage for family maintenance purposes.
Property prices in Mumbai, Delhi highly overvalued, say analysts
Dec 12, 2013
BANGALORE: After years of double-digit growth, house price rises in major cities are expected to slow to just under 8 per cent next year as a cooling economy and rising interest rates deter new buyers, a Reuters poll showed.

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