Cities
The Hyatt construction group is launching a luxury hospitality project in Hyderabad. This luxury hospitality project is named as “The Residence at Park Hyatt Hyderabad”. This project is inclusive of serviced apartments attached to a hotel for the first of its kind in Hyderabad city. With the launch of many luxurious project similar to this, [...] Continue Reading »
The recent earthquake in India left the citizens panicked! As, the earthquake magnitude was not high there was no major damage observed for properties in India. However, a day after the tremor was felt many Indian cities having coastal borders were warned of tsunamis. The tsunami of 2004 which brought major damage to lives and [...] Continue Reading »
When the private equity (PE) investors are not getting attracted by the Indian real estate, Walton Street Capital is planning other way. The us based PE firm planned to invest at least Rs 100 crore in a Supertech project at Noida. Walton will get a 20 per cent stake in the residential towers of Supertech’s [...] Continue Reading »
Citi group purchased a commercial property at Bandra Kurla Complex for Rs 985 crore to house its India headquarters. Over 297,000 sq ft at First International Finance Centre (FIFC) was acquired by the US banking giant. All key businesses of Citi which are currently spread across Mumbai and other cities will be accumulated in the [...] Continue Reading »
The Xander group has paid Rs 200 crore to buy an IT office building in Chennai. Appaswami real estate sold the property to the investment firm. The commercial building is located at Old Mahabalipuram Road. Being an IT corridor, any property in the location is high in demand as these will be revenue generating assets [...] Continue Reading »
The number of unsold flats in Mumbai are increasing day by day. With the increase in the cost of apartments, the rate of sale in reducing. Still the builders are not showing any interest in reducing the cost of the properties. They are hoping for a better price appreciation in future time. It is estimated [...] Continue Reading »
Real estate builders like DB Group, DLF, Eros, Leela and Royal Orchid Hotels are planning to sell their hotels to reduce the debt amount. The companies had taken a huge debt while expanding business a few years ago. As the market is slowing down, the debt amount has mounded. Hence to come out from the [...] Continue Reading »
The city administration of Mumbai has demolished the swimming pool, gymnasium, massive lobby and society office of Kismat Towers in Bandra West. The most expensive rental addresses in Mumbai has violated the construction rules by constructing unauthorized amenities space in the duplex apartments. The 19 storey Kismat Tower has eight duplexes. According to sources the [...] Continue Reading »
The commercial establishments and star hotels have taken up digging of bore wells and extraction of groundwater in Visakhapatnam. As tourism is an important aspect in the Visakhapatnam locality, the hotels and resorts has dug several bore well and misusing the water resources. Due to this unplanned digging of bore well several apartments in Vizag [...] Continue Reading »
The cost of apartments in Mumbai has been increased rapidly. As of date the average price of an apartment in central Mumbai is approximately Rs 2.6 crore. The rise is recorded as 20 % compared to the price of apartments in the same time last year. The average cost of apartments in the municipal limit [...] Continue Reading »
