Realty News
Private equity investors have invested Rs 2,800 crore in property in the first quarter of 2014, says a report published by the real estate advisory firm Cushman and Wakefield. This investment is nearly 2.5 times that invested last year. This first-quarter investment in realty is the highest recorded since the second quarter of 2009. This [...] Continue Reading »
Location is a key factor for buyers, whether it’s for property or stocks. Bangalore exhibits this case best, where city-based developers like Sobha Developers, Prestige Estates, and Brigade Enterprises show an increase in sales of 40% at a time when prominent developers in Mumbai like Oberoi Realty and HDIL are facing a revenue drop of [...] Continue Reading »
A national survey conducted by Liases Foras, a real estate research firm, revealed that Pune has grown more rapidly in property sales when compared with Mumbai Metropolitan Region (MMR) in the recent times. In the quarter ending April 30, 2014, Pune recorded a 22% rise in property sales when compared to the previous quarter. MMR, [...] Continue Reading »
Oasis Realty, a joint venture between Oberoi Realty and Sahana Group, has announced their tie-up with the international luxury brand Ritz-Carlton for their upcoming hotel in Worli. In addition to managing the hotel, Ritz-Carlton will manage 140 apartments in the adjacent tower. With the launch of this hotel, The Ritz-Carlton Hotel Company now has two [...] Continue Reading »
Despite the upcoming election verdict on May 16, not all asset classes have been bullish in anticipation. The stocks may have been up for the past few months, but the secondary market isn’t responding similarly. Prices of tens of thousands of homes in metros have crashed by as much as 20-30% this last year. This [...] Continue Reading »
The east civic body initiated demolition drive against 2,821 illegal properties under its limits — Shahdara (North) and Shahdara (South) Zones according to the action taken report. While the maximum number of unauthorised constructions were reported from Shahdara (South) Zone to be 1722, the Shahdara (North) Zone had 1,099 illegal buildings. While only 34 illegal [...] Continue Reading »
Srei Infrastructure Finance plans to raise Rs 600 crore in FY15 through retail bonds. Moses Harding, group chief executive officer (liability and treasury management) and chief economist of Srei Infrastructure Finance said “The objective is to reach out the Srei brand into the retail segment, broaden the investor/lender base and de-risk concentration from bank funding. [...] Continue Reading »
“Firstly, there is no land available for building a landfill site; secondly there are other issues like activists and the green tribunal which have been creating steeplechases in the sites we try allot for the landfills. The Delhi Development Authority is finding it problematic to allot land for a new landfill site. DDA vice-chairman Balwinder [...] Continue Reading »
While taking back nearly 1,400 acres of land allotted for developing one of the country’s biggest special economic zones (SEZs) under the public-private partnership or PPP model the Punjab and Haryana High Court has questioned the Haryana government for taking no action against Reliance Industries BSE -0.26 % Ltd ( RILBSE -0.26 %) The state [...] Continue Reading »
The Department of Survey Settlement and Land Records is in the process of collecting documents related to them after measuring the properties in these centres. The Revenue Department is creating property ownership records for properties located in various urban centres in Karnataka under the UPOR project. It will have details such as shape and the [...] Continue Reading »
