Realty News
Kruti Kumar Jain, director, Kumar Urban Development said, “The Mega Township is aimed at catering to the employment catchment area of Kharadi and Hadpasar in Pune.” Jain said , the project offers a unique combination of luxury and affordability and the prices start at Rs 30 lakh.She added the project’s USP is its proximity to [...] Continue Reading »
Luxury housing is strongly emerging as a market in the country. The demand, however, varies according to the cities. In fact, the definition of luxury changes according to the location. A two bedroom flat, for example, is considered luxury housing in certain locations in Mumbai, Pune, Bangalore or Gurgaon. More precisely, luxury homes would be [...] Continue Reading »
A leading real estate developer in India, Puravankara Projects Limited launched Purva Westend in Bangalore. Puravnkar projects Limited has set a mile stone by selling half a million sqft within 4 days of the project’s launch. This amazing response is due to innovative book building methods adopted by Puravnkara. This method provide customers a chance [...] Continue Reading »
Evergreen Heights, Kalwa, The Address, Ghatkopar West, Anantya, Chembur; Platina, Thane and Anmol Fortune, Goregaon West are the new projects to be recently launched by the Wadhwa group. The project has flats from 1BHk to 4 BHK apartments range from Rs 69 Lakh to Rs 5 Crore. Wadhwa group offers two projects in Anmol Fortune [...] Continue Reading »
In addition to the Prestige Estates Projects, Reliance Infrastructure, Jaiprakash Associates Housing Development and Infrastructure and Container Corporation of India are among the other gainers. Prestige Estates Projects jumped 12.23% to Rs 163.35. The stock topped the gainers in the BSE’s ‘A’ group. Reliance Infrastucture controlled by Anil Dhirubhai Ambani gained 10.01 percent to Rs 398.90was second [...] Continue Reading »
The two of the major private equity (PE) investors in India, Kohlberg Kravis Roberts (KKR & Co) and Blackstone Group LP are planning to increase their exposure in the country by changing their investment strategy. While Blackstone is doing a lot of real estate investments, KKR’s focus will be more on investing in stressed corporates. [...] Continue Reading »
Announcing the first closure of its second real estate fund, India Realty Excellence Fund (IREF) II LLP, Motilal Oswal Real Estate (MORE) has raised Rs 225 crore in three months. The fund was launched in November 2013, with a target to raise Rs 300 crore and with a Green Shoe option of Rs 200 crore. [...] Continue Reading »
Tata Value Homes Limited (TVHL) is a 100 per cent subsidiary of Tata Housing Development Company. The company’s National Home Buying Day was oversubscribed 4 times with over 800 applications for the allocated 200 units across 5 projects. The website has seen 3,00,000 hits during the four days. Buyers from across the country and NRIs [...] Continue Reading »
During this calendar year, Realtor Paarth Infrabuild has intended to invest about Rs 5,000 crore in different projects to be launched in Uttar Pradesh. Paarth Director and Promoter Pradeep Misra told sources, the real estate projects would primarily be launched in Lucknow, Noida and Kanpur. He informed, “We aim to develop area aggregating 12 million [...] Continue Reading »
IDFC is prepared with a “Plan B” just in case it does not make it to the list of winners for a license from the Reserve Bank of India to start a bank. This also means diversification into housing finance and retail lending business. Speaking on this Group Chief Financial Officer, IDFC, Mr. Sunil Kakar, [...] Continue Reading »
