Mumbai
Virtuous Retail (VR), a retail real estate company sponsored by global investment firm, The Xander Group Inc., is developing a pan-India portfolio of retail, lifestyle and community centers. VR is currently building eight large format retail shopping centers in city center locations across India. Majority of these are expected to be operational by 2015. Virtuous Retail’s [...] Continue Reading »
Cement prices across the country have been corrected by around Rs 7-10 per bag. The price came down due to subdued demand, as construction activities are yet to pick up because of the delayed monsoons. However, it is expected that by October the festival gaiety will lead to an improved sentiment amongst consumers and hence [...] Continue Reading »
In order to give a boost to the real estate sector, financial services secretary D K Mittal has asked banks to focus on funding of partially completed residential projects on a priority basis. Funding projects in small towns has also been asked to prioritise. In a meeting with Indian Bankers’ Association (IBA) and developers body [...] Continue Reading »
The Maharashtra government has announced that it will soon increase the floor space index (FSI) in the state. The consideration comes as a way to permit developers to build taller buildings to promote the development of integrated townships around the state’s densely populated cities such as Mumbai and Pune. The government also sees it as [...] Continue Reading »
A recent report shows that although India’s urban housing shortage has decreased, the phenomenal housing growth has not been able to curtail housing shortage in Indian cities to a large extent. Indian cities are short about 19 million homes. The scenario has improved over 2007, when the national urban housing shortage was estimated at 24.7 [...] Continue Reading »
Over 20 real estate developers from India are expected to take part in a property exhibition to be held in London. The property exhibition aims to bring together high net worth non-resident Indians (NRI) and persons of Indian Origins (PIO) in London to explore investment opportunities in India. The exhibition will be hold by Unesta, [...] Continue Reading »
The Maharashtra government has transferred the responsibility to maintain the Eastern and Western Express Highways from the state public works department (PWD) to Brihanmumbai Municipal Corporation (BMC). The decision is considered vital as there has been a piling up of complaints against the current custodian of the two thoroughfare, which are the city’s north-south arteries. [...] Continue Reading »
Villa Montana is a community of select Bali-style villas in Karjat, Mumbai. The villas are vibrant with all the ingredients of a luxurious lifestyle – adorned with picturesque mountain tops, crisp, clean air, distinctive architectural design and the best of amenities. Developed by Artha, the project offers 100 Bali style cottages ranging from 1,307 to [...] Continue Reading »
Mumbai-based real estate developer Royal Palms India is about to sell part of its hospitality developments. I has put its four hotels that include three 5-star category properties on the block. The properties are Hotel Imperial Palace, Palms Hotel Tower and Convention Centre and Palms Villas Hotel and one 4-star under construction property. The total [...] Continue Reading »
Realtors are expected to come up with a high number of project launches this festive season. Faced with uncertain demand, the past two years have seen limited project launches by real estate companies. However, it looks to change as this year, as developers have decided to launch slew of projects to generate momentum and cash [...] Continue Reading »
