Latest Realty News

New flat for your old one needs a lot of homework
Jan 20, 2014
MUMBAI: Anand Apartments in Versova, Mumbai, is a 40-year-old residential building. The residents plan to redevelop it, which means pulling down the existing structure and constructing a bigger one in its place. The initial discussions are over and they have to finalise the tender documents and appoint a developer.
Sebi attaches MPS Greenery shares to recover investor funds
Jan 10, 2014
MUMBAI: In fresh action against West Bengal-based MPS Greenery Developers for running fraudulent investment schemes, Sebi today ordered attachment of its share holdings in eight group firms for failing to refund Rs 1,520 crore with returns to affected investors.
Second half of 2014 to fuel growth in real estate
Jan 02, 2014
MUMBAI: Real estate professionals are unanimous in one prediction: Things will start looking up for the sector only in the second half of 2014, after the general elections, when clarity on the new government will emerge and businesses start investing.
Credit score V/s Credit report
Dec 31, 2013
DELHI:Credit scores and reports are still relatively new to the Indian psyche. To most people they are one and the same and are often used interchangeably in conversation. Though credit scores and credit reports are interrelated, they are not the same thing. Here is the difference between them and why it is important to know the differentiation
Lodha takes big strides amid gloom
Dec 10, 2013
MUMBAI: Late last month, Mumbai-based Lodha Developers hit the headlines when it announced the acquisition of MacDonald House, an upscale property in one of the most sought-after localities in central London which is near the old US embassy, for close to Rs 3,000 crore (£299 million) from the Canadian government. The 0.67-acre property is located in the heart of the city and houses the Canadian High Commission. Once it is completed, the acquisition will make Lodha Developers the owner of one of
When and how to buy your dream home
Dec 09, 2013
MUMBAI: Buyers are faced with several dilemmas when they purchase a house. Here are the answers to some of the key doubts:Real estate, though a mainstream investment and probably a part of every financial portfolio, is also unique. It is the single largest financial commitment that most people make in their lifetimes. Buying a property also involves a lot of subjectivity and is not just a factor of the property's price or the interest rate on the home loan. Here are some questions you are likely
What's your real return?
Dec 06, 2013
MUMBAI : This tax-saving season, before buying a traditional money-back insurance policy, ask a vital question to the insurer or the agent — what is the internal rate of return (IRR)?
Unitech defaults on Rs 200-crore loan from LIC
Dec 05, 2013
MUMBAI: Unitech, India's fourth largest real estate developer, defaulted on the payment of interest on a Rs 200-crore loan it had taken from Life Insurance Corporation of India (LIC) way back in 2007, joining the list of companies grappling with liquidity issues.
Commercial realty projects find favour with PE firms: Cushman & Wakefield report
Dec 05, 2013
MUMBAI: The value of private equity transactions in the country's real estate sector surged 26% year-on-year in the nine months to September, indicating that PE investors remain bullish on the sector, particularly the commercial segment, despite weak sales and rising inventories.
Buying a house? It’s right time for realty check
Dec 05, 2013
MUMBAI: A recent report from property consultancy firm Knight Frank says that real estate prices in certain Mumbai areas have declined by 10%. The same report says almost 45% of the new properties that are coming up in the city are unsold.
How to find the best commercial real estate location
Dec 03, 2013
MUMBAI: Despite the availability of more rationally priced options, investing in commercial real estate is most definitely not child’s play. It requires forethought, research and planning:
India’s realty sector: The road ahead
Dec 03, 2013
MUMBAI: The economic downturn has subdued office and retail markets, resulting in a sales slowdown as well as pressurized capital values across leading cities—according to CBRE Research’s year-to-date coverage of trends in India’s real estate sector. Buyer sentiments in the housing market have remained largely cautious because of relatively high price points and sticky borrowing costs, amid an uncertain economic climate. As a result, investment has slowed considerably across segments, resulting
Supriya Sule raises stake in Panchshil realty arm
Nov 22, 2013
MUMBAI: Supriya Sule, MP and daughter of Nationalist Congress Party chief Sharad Pawar, has increased her stake in a subsidiary owned by Panchshil Realty that has shot in limelight for its impending acquisition of iconic Express Towers in South Mumbai along with US private equity firm Blackstone Group.
Mumbai residential property market needs a balance
Nov 21, 2013
MUMBAI: Mumbai has a high residential inventory of 67,000 units, equal to sales of 34 months. While the underlying demand is strong, it is not being converted into transactions due to the high property prices. From a developer’s point of view, low absorption is a source of worry; however, due to high costs of land acquisition, raw material, labour, finance and new costs such as fungible FSI, lowering prices beyond a point seems difficult. Is there a way to end this stalemate?
Indiareit's Khusru Jijina delivers on his mandate
Oct 21, 2013
MUMBAI: Khusru Jijina had to hit the ground running when around this time last year, Ajay Piramal cherry picked the old group loyalist to stabilise the operations at Indiareit Fund Advisors - the real estate venture capital fund of the diversified Piramal Enterprises that manages over a billion dollars of assets across a motley of eight domestic, offshore funds and third-party mandates.
Shapoorji Pallonji to build on affordable housing segment
Oct 12, 2013
MUMBAI: It is a group that is synonymous with Mumbai’s high-end luxury and historic landmark buildings. Its list of projects includes the Taj and Oberoi hotels, the Brabourne Stadium, the RBI, World Trade Centre and the NCPA apartments.
Indian Property to raise $300-m offshore fund
Oct 11, 2013
MUMBAI: Indian Property Advisors Pvt Ltd (IPAL) is planning to raise a $300-million (Rs 1,850-crore) offshore, single-city fund, which would be invested in residential projects across Mumbai. In the second round, the private equity firm would look at raising similar funds for Bangalore and Chennai.
Realty shares in demand
Oct 11, 2013
MUMBAI: Shares of real estate companies are in demand and trading higher by up to 10% after the market regulator Securities and Exchange Board of India (Sebi) issued draft regulations for setting up real estate investment trusts (REIT) in the country.
Real estate sector better off now than in 2009
Oct 04, 2013
MUMBAI: The market has beaten down shares of real estate companies over the past three months, as news of over-supply, weak demand and regulatory action kept coming. Analysts claim they are bored with all this talk of gloom and doom because the situation on the ground is not as bad as it was in 2009.
Bank credit to commercial real estate picks up in FY14
Oct 04, 2013
MUMBAI: After recording sluggish growth in the previous financial year, bank credit (loan) to commercial real estate (CRE) projects has picked up in the current financial year, registering a 17.4 per cent growth in August, compared to 8.6 per cent during the corresponding period of FY13.
Office space absorption to reach 132 million sqft by 2017: Report
Oct 02, 2013
MUMBAI: Bullish on the revival of the economy after general elections, real estate consultancy firm Cushman & Wakefield expects nearly 132 million sqft of office space, across the eight major metros, to get absorbed by 2017.
Realtors hope to clear inventory on freebies, festival sales
Sep 29, 2013
MUMBAI: Realty developers are hopeful of clearing a large portion of their inventory pile-up during this festive season by luring in buyers with freebies and discounts, even as they sit tight on declared prices, said industry experts.
Sea-facing Mumbai duplex goes at Rs 1.35L/sq ft
Sep 24, 2013
MUMBAI: Whatever the general market trend, Mumbai's realty market does not stop creating new records. In the costliest apartment deal in the country, a sea-facing duplex in a Malabar Hill building was recently sold for Rs 57 crore or roughly Rs 1.35 lakh a sq ft.
Office space absorption increases, but rentals low in Mumbai
Aug 12, 2013
MUMBAI: HSBC recently leased 1.8 lakh sq ft at Nesco IT Park in Goregaon for a monthly lease rent of about Rs 1.8 crore or Rs 95 per sq ft a month. In May, UK-based banking major Barclays leased 1.8 lakh sq ft of space at Nirlon Knowledge Park in Goregaon for its back-end operations at Rs 95 per sq ft.
HDFC Realty strikes Rs 100-cr property deal for Axis Bank
Jul 27, 2013
MUMBAI: In one of the biggest office rental transactions in recent times, private lender Axis BankBSE -1.84 % is believed to have entered into a property lease deal worth about Rs 100 crore for housing its back office operations.

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