Latest Realty News

Focus now on ‘smart cities’, satellite towns of Mumbai
Jul 12, 2014
MUMBAI: Internal roads, street-lighting, water supply and sewage networks in Mumbai’s satellite towns like Kalyan-Dombivli, Bhiwandi-Ulhasnagar, Mira-Bhayander, Panvel, Ambernath, Kulgaon-Badlapur and Nallasopara may get better soon.
SC: Deal with Campa Cola as per law
Jul 09, 2014
MUMBAI: The Supreme Court on July 7 did not agree with the BMC that residents of unauthorized flats in Worli’s Campa Cola Compound have committed contempt of court by not vacating their residential units in disregard of the SC’s February 27 judgment.
Infrastructure growth driving Mumbai’s realty
Jun 15, 2014
MUMBAI: Infrastructure is one of the deciding elements for finalising a property. A location that has good infrastructure development, commands high property rates and has good growth prospects and vice-versa. Shailesh Puranik, managing director, Puranik Builders, explains that “Buyers generally look out for basic infrastructure such as good and widened roads, easy connectivity to railway stations, airports, arterial roads, adequate supply of water and electricity, enough open spaces, and others
Infrastructure growth driving Mumbai’s realty
Jun 14, 2014
MUMBAI: Infrastructure is one of the deciding elements for finalising a property. A location that has good infrastructure development, commands high property rates and has good growth prospects and vice-versa. Shailesh Puranik, managing director, Puranik Builders, explains that “Buyers generally look out for basic infrastructure such as good and widened roads, easy connectivity to railway stations, airports, arterial roads, adequate supply of water and electricity, enough open spaces, and others
Affordable Housing in Delhi,Property in Delhi,Real Estate in Delhi
May 28, 2014
MUMBAI: After facing flak for being “inhuman” when evicting residents to raze the 35 illegal floors in Worli’s Campa Cola compound last November, the BMC is now treading carefully.
Property market receptive this Akshay Tritiya
Apr 30, 2014
MUMBAI: To say that the property market of Mumbai has been subdued for quite some time would be stating the obvious. Reports of inventory pile up and appreciation despite slow sales have only made the sentiments bearish. The macro-economic outlook in the last year, has also not supported the cause of real estate market in the city. Amidst this gloomy scenario, comes the festival of Akshay Tritiya, which has traditionally been known for property acquisition in the city. It has not only got the em
Realty maintains optimism despite RBI’s status quo on policy rates
Apr 17, 2014
MUMBAI: The real estate industry was expecting a significant rate cut in the policy rates announced by the RBI on April 1, 2014, but all hopes were shattered as the central bank kept the previous rates unaltered. With inflation showing signs of easing and growth regaining momentum, the industry was expecting a cut in key rates to further boost the businesses. Experts believe that this is a good sign though because now at least one thing is clear; the interest rates would start coming down in the
Sunteck Realty rises high in uneven Mumbai
Apr 05, 2014
MUMBAI: In Mumbai's real estate sector, Sunteck Realty stands apart. The company based in and focused on Mumbai has seen interest from major investors at a time most experts and analysts have negative views on the city's realtors. Ajay Piramal is among the latest to join its investor list. Kotak Realty fund holds an 8% stake in Sunteck, while other investors include US-based College Retirement Fund with a 3.2% holding and Singapore's Tree-Line Asia fund with a 1% stake. Promoter Kamal Khetan ho
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
Net profit of realty firms fell 41% in last 8 quarters: Report
Mar 28, 2014
MUMBAI: Net profit of top 25 real estate companies registered a fall of 41 per cent in the quarter ended December 2013, compared to the peak period of quarter ended March 2012. Net profit margins during this period plummeted from 13.6 per cent to 9.7 per cent, said a report by global realty consultancy Knight Frank.
Residents of Campa Cola resubmit documents to the BMC
Feb 25, 2014
MUMBAI: Residents of Campa Cola compound on February 20 submitted all relevant documents to Brihanmumbai Municipal Corporation (BMC) to find a solution to the ongoing issue arising out of orders to demolish their homes.
Ready reckoner painful for Mumbai real estate buyers
Feb 24, 2014
MUMBAI: The state government must review its latest ready reckoner (RR) rates, which is used to calculate market value of properties for payment of stamp duty and registration charges.
Over 30 Indian property developers to exhibit in Dubai
Feb 22, 2014
MUMBAI: More than 30 real estate developers from India will showcase their properties to Non-Resident Indians at an expo starting here from today.
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.
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.
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.
PE Blackstone, Panchshil Realty bid Rs 186 cr for Citi’s BKC property
Jan 10, 2014
MUMBAI: Pune-based Panchshil Realty and US-based private equity giant Blackstone have emerged front-runners for buying Citibank’s old headquarters at the Bandra-Kurla Complex, Mumbai’s prime business district. They have jointly bid Rs 186 crore.
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.
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
Blackstone to buy Mumbai's iconic Express Towers with Panchshil Realty for Rs 900 crore
Nov 19, 2013
MUMBAI: Express Towers, an iconic commercial building in South Mumbai's Nariman Point, is all set to get a new owner.
Cementing the future of REIT
Nov 03, 2013
MUMBAI: In a major step to fuel the growth of the country’s real estate sector, SEBI recently released a consultation paper together with the draft Real Estate Investment Trust 2013 (REIT) regulations. Issued after discussions with stakeholders, the draft regulations have been widely seen as robust and along the lines of regulations in other countries. It is critical that the initial REITs prove successful for investors so that they can become a stable platform for providing developers exits fro

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