Mumbai
K.P. Singh, the chairman of realty player DLF, has been conferred the “Indian Business Leader of the Year” award for his vision and skills which have boosted DLF to reach high, at the Horasis global India business meeting held in Antwerp, Belgium. Horasis: The Global Visions Community hosts a global India business meeting every year [...] Continue Reading »
Disney Consumer Products (India) plans to launch Disney Inspired Homes for which it will tie up with a Mumbai based real estate company, Sunteck Realty Ltd. Disney Inspired Homes, built at the ‘Sunteck City’ project in Goregaon in North Mumbai, will be designed using Disney themes especially for children and families in the Indian real [...] Continue Reading »
Being hit by increased land rates, lack of funds and high interest rates, the real estate sector of India has again been demanding for industry status. Despite the fact that 10 per cent GDP is contributed by realty sector which is the second largest employment provider of the nation, the central government is not giving [...] Continue Reading »
Three well-known real estate companies, namely, Puranik, Ravi Group and Disha Direct have hired Theme Ventures as a nodal agency to sell the residential properties directly to the corporate employees by setting up shops inside the work premises. This new concept of marketing bloomed while the realtors have been looking for secure and eligible mortgage [...] Continue Reading »
The Reserve Bank asked urban co-operative banks (UCBs) to stop levying penalty on pre- payment of home loans on floating interest rates with immediate effect. Earlier this month, RBI had also asked the commercial banks to stop charging such penalties. The removal of foreclosure charges or pre- payment penalty on home loans will lead to [...] Continue Reading »
Real estate market experts feel that property prices may come down, but however, it depends on the holding power of the builders. The real estate sales volume has dropped down in six of the major cities in India. Mumbai Metropolitan Region (MMR) witnessed 50 per cent drop, Gurgaon 45 per cent, Hyderabad 34 per cent, [...] Continue Reading »
(GPL) launched a luxury residential project ‘Godrej Serenity’ at Chembur, Mumbai on Tuesday. Godrej Serenity will include a 17-storey tower comprising 3 and 4 BHK luxury apartments and 2 exclusive duplex penthouses. It will offer modern lifestyle amenities like a clubhouse, which includes a swimming pool, a steam room, a sitting room, a pool table [...] Continue Reading »
The builders of India seem to have learnt that luxury amenities attract rich buyers of the new era the most. To keep pace with the changing lifestyles, builders have started implementing high class amenities like Jacuzzi, squash court and cinema halls, in their luxury projects. Keeping in mind the requirements of young generation and new [...] Continue Reading »
According to the recently released ‘White Paper on Black Money’ by the Union government, real estate is the highest contributor to the total black money generated. Depending on the parties involved and the transaction type, the ‘black money rolling’ percentage within the sector is much higher at around 30 per cent. On an average, the [...] Continue Reading »
DLF’s Mumbai land sale deal has captured strength as three buyers are in advanced stages of negotiation. Sources said that the deal may close in the next couple of months. Three major developers including Oberoi Realty, Lodha Developers and Runwal Group are currently negotiating the deal. The deal is likely to range between Rs 2300 [...] Continue Reading »
