Mumbai
There is good news for those real estate companies in Mumbai whose projects have been stuck due to regulatory approvals. The Maharashtra government is now looking to fast track the clearances of the project in Mumbai. Real estate in Mumbai has witnessed low launches in 2011. This was happened due to slow project approval process [...] Continue Reading »
Under the MHADA housing scheme, the state government provides low cost and affordable flats in Mumbai to those who have not been able to buy a flat despite residing in Mumbai for years. The Government has claimed that allotment of flats under the Maharashtra Housing and Area Development Authority‘s (MHADA) scheme were done in a [...] Continue Reading »
Property prices in the Mumbai region has seen an escalation in prices when compared with per square feet prices (PSF) of first quarter of 2012 over same period last year. The real estate market of Mumbai has always been an attractive destination for buyers because it provides high return on investments. Despite the slowdown in [...] Continue Reading »
Bandra Kurla Complex was created by MMRDA as an alternate commercial destination to Mumbai. Till now BKC has grown as a commercial real estate destination and real estate projects lined up in the region. Currently, BKC has a total stock of 8 million square feet of office space. And an additional supply of 2.5 million [...] Continue Reading »
Crescent Builders has filed a civil suit against real estate company Shapoorji Pallonji. In the case filed by the builder claiming Rs 105 crore as a damage for failing to redevelop property in central Mumbai within the stipulated time. The Janata Nagar Housing Society appointed Crescent Builders to redevelop their property in Tardeo. A MoU [...] Continue Reading »
The decrease value of rupee has positively influenced the demand from NRIs for residential properties in various cities across India, especially in Mumbai. Exporters and the NRIs are two categories which stand to gain from the weak currency, as they will receive more rupee funds on conversion. Because of the rupee’s downward trend, real estate [...] Continue Reading »
565 residents of the Hazi Kasam Chawl at Lalbaug have moved to their new homes under the ambitious Cluster Redevelopment Scheme by the state government. The redevelopment project was completed by the Nish Developers and they are the first to secure permission to redevelop their seven acre property under the cluster scheme. A green building [...] Continue Reading »
One of India’s largest textile firms, Alok Industries has sold its eight floors in an office building in Mumbai’s Lower Parel area. Alok Industries sold around 252,000 sq. ft of prime office space in tower B of the Peninsula Business Park at a cost of Rs 425 crore. Alok Industries took the decision to reduce [...] Continue Reading »
It is a known fact that property in rapidly-developing cities as Bangalore will find demand across all price points. At this point of time, moving funds from riskier equity-based investment avenues to the stable realty space is an option worth considering. Just as in the case of equity, property too is a medium to long-term [...] Continue Reading »
Private equity firm IIFL Realty Fund has planned to invest in redevelopment project in Mumbai. The equity firm has made an agreement to invest Rs 80 crore in a housing society-cum-slum-redevelopment project in Sion Koliwada area. Around 1.2 million sq ft of saleable area will be developed in the project. In another PE investment Sun [...] Continue Reading »
