Latest Realty News

Senior citizens - an emerging real estate mkt for developers
Apr 07, 2014
MUMBAI: Senior citizens are emerging as a new customer segment for property developers as well as other allied services providers for creating a proper assisted living environment for them, say realty experts.
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.
Gudi Padwa creating positive sentiments
Apr 02, 2014
MUMBAI: Gudi Padwa is considered as an auspicious time to invest in real estate, by Hindus. The festival signifies new beginnings and is usually earmarked for major purchase decisions including home buying, and holds a lot of prominence for developers in Maharashtra. Considered a time of renewal, it also coincides with Punjab’s Baisakhi, Tamil Nadu’s Puthandu, Andhra Pradesh’s Yugadi and Kerala’s Vishu
Helion may lead $8m investment in Housing.com
Apr 02, 2014
MUMBAI: Early- to mid-stage, India-focused venture fund Helion Venture Partners may lead an $8 million investment round in Mumbai-based Housing.com, one of the country's hottest technology startups.
Is Mumbai and Pune market going to see a major change on gudi padwa?
Apr 01, 2014
MUMBAI: “Buyers are back in the housing market!” exclaimed one of the city builders with a sigh of relief and they have enough reasons to be relieved. There is a considerable rise in the sale numbers, compared to January and February. City builders are only hoping that this trend will continue in the coming months as well. Madhurima Basu, director – residential services, Cushman & Wakefield, says, “Increase in demand is expected, due to developers offering discounts and subvention schemes to att
Exploring options in emerging cities for investment in commercial realty
Mar 26, 2014
MUMBAI: The slowdown in major real estate cities of India, has resulted in the emergence of new markets around tier-II cities. Higher costs, liquidity problems and falling investor interest, have diverted the developers and investors, to explore new markets in the country. The immense potential in emerging cities like Indore, Ahmedabad, Nagpur, etc., has drawn a lot of attention from real estate buyers and developers. Experts believe that emerging markets have a lot of potential to deliver in th
Land prices in Mumbai touch new high
Mar 26, 2014
MUMBAI: Acute land shortage in Mumbai has led to a ridiculous situation where plots fetch astronomical rates. On March 24, 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.
Mumbai flat buyers at mercy of property developers
Mar 25, 2014
MUMBAI: Flat buyers often find themselves at the mercy of property developers. Unscrupulous builders are known to suddenly turn around and demand additional money from purchasers when the time comes to hand over possession of the flat.
Realty’s online mantra
Mar 24, 2014
MUMBAI: When the great online shopping festival took place last year, where everything, from a pin to a plasma television (quite literally) was sold online, little did people know that they would end up buying expensive items like cars or even a home, for that matter, through that medium. Today, it is not uncommon to see niche and high-value categories, such as jewellery, automobile and real estate, featuring among the best deals online. According to a Google estimate, the online retailing marke
Navi Mumbai: A rise in capital values in Nerul, Airoli and Palm Beach
Mar 24, 2014
MUMBAI: Looking to invest in Navi Mumbai? Nerul, Airoli and Palm Beach, are localities that offer property investments that garner constant returns. According to MagicBricks.com data, these localities have witnessed a hike of 12-19 per cent in capital values in the last one year. Property experts say that the clearance of the proposed Navi Mumbai Airport is the factor that has pushed property prices in these localities.
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.
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
City planning: The Mumbaikars’ way
Mar 19, 2014
MUMBAI: “When I see the city from my window, I don’t feel how small I am but I feel that if a war came to threaten this, I would throw myself into space, over the city, and protect these buildings with my body.” This Ayn Rand quote would possibly cross our mind, when we look at the skyline of Mumbai. If we dig deep into the history of this metropolis, we will be amazed to know how two distinctly different cities, co-exist here. One Mumbai exists which is rhetoric, expressive, tangible and can be
Investors must be prepared for delayed payments; premature exits could be difficult
Mar 19, 2014
MUMBAI: Since March 3, the BSE realty index has gained 14.2 per cent, compared with the Sensex's 3.95 per cent rise. Though real estate developers are reporting a slowdown in sales, in most centres, returns by real estate-linked non-convertible debentures (NCDs) are 18-22 per cent a year.
Nothing is for Free; think twice before you accept rent on home buy
Mar 19, 2014
MUMBAI: Two Mumbai-based builders — wo Mumbai-based builders — Nirmal Lifestyle and Rustomjee — are promoting some of their under-construction residential properties with the promise of paying rent. Nirmal Lifestyle promises to pay the rent if the construction of its project is delayed beyond December 2017, while Rustomjee will pay the rent during the construction period.
PE investments up by 13 per cent in realty sector for 2013
Mar 18, 2014
MUMBAI:Global real estate consultancy, Cushman & Wakefield’s latest report on private equity (PE) investments in real estate, revealed that total inflows from private equity funds in the real estate sector for 2013 was recorded at Rs 7,000 crores (USD 1.2 billion), an increase of 13 per cent as compared to 2012 (Rs 6,200 crores / USD 1.1 billion). Overall private equity investments across sectors in India have also increased by 11 per cent from USD 9.49 billion in 2012 to USD10.5 billion in 2013
India’s luxury homes landscape is fast evolving
Mar 07, 2014
BANGALORE: For a country which was in the past largely referred to in context with high poverty levels, India has come a long way by emerging as a resilient market for luxury housing. Of course, this is not a uniform phenomenon, and the demand for luxury housing in India varies according to cities. Even the definition of ‘luxury’ changes as we look into various parts of the country.
BMC plan to streamline building proposals dept delayed
Feb 18, 2014
MUMBAI: The civic administration’s best efforts notwithstanding, the construction industry may not get relief from delays and corruption, the two biggest banes of the BMC’s building proposals department, too soon.
Resolve Campa Cola flats row, SC asks residents, civic body
Feb 04, 2014
MUMBAI: The Supreme Court on February 3 asked the Campa Cola Residents Association and the civic body in Mumbai to find out within four weeks a solution to the row over certain illegal and unauthorized flats which face demolition in view of its earlier order.
Real estate stocks shine as apex court frees 6.4 lakh acres
Feb 01, 2014
MUMBAI: Scrips of several Mumbai-based developers saw an uptick on Friday on the back of the Supreme Court order that freed over 6.4 lakh acres for development in Mumbai by removing the ‘private forest’ tag.
PE for the mid-income housing segment in tier-II and III cities
Jan 29, 2014
MUMBAI: Tier-I cities in India have seen tremendous growth over the past several years and are now close to saturation in terms of their ability to offer sustainably lucrative investment opportunities in various industries. Tier-II and III cities, on the other hand, still boast of relatively untapped demand in various industries, which is only going to get accentuated over time, as these cities witness progressively higher growth enabled by concerted attention from a range of players.
‘Luxury’ is a much abused word
Jan 28, 2014
MUMBAI: Property ads urge us to “indulge in opulence” and promise to “pamper you in comfort”. While the glossy brochures and virtual tours may impress you, you often find that the features offered don’t justify the exorbitant price tag of a luxury home.
SEBI to consider new policy for mutual fund sector soon
Jan 28, 2014
MUMBAI: Market regulator SEBI plans to consider a new long-term policy for the mutual fund sector at its next board meeting to be held soon.
Organised Retail Estate Space Grows by 78 Per Cent
Jan 24, 2014
MUMBAI: Despite the slowdown, malls are mushrooming in different parts of the country especially smaller cities. The total organised retail supply in 2013 stood at approximately 4.7 million sq. ft., a year on year growth of about 78%, over the total mall supply of 2.5 million sq. ft. in 2012, said a report by international real estate consultants CBRE.
IndoSpace raises $330 mn for industrial projects
Jan 22, 2014
MUMBAI: Industrial real estate and warehousing facilities developer, IndoSpace, today said it has raised $330 million for projects across the country from a diversified investor base.

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