Realty News
Mumbai- City based leading realty firm Godrej Properties has signed two redevelopment agreements in two consecutive days with two private societies. On March 28, 2013, the company inked redevelopment pact with Sunder Sangam Cooperative Housing Society in Malad suburb of Mumbai. On March 29, 2013, the company signed its second redevelopment project with Sahakar Nagar [...] Continue Reading »
Chennai- Fomra housing and Infrastructure Pvt Ltd has launched its new residential project named “Fomra Celebration” at Ayanambakkam, Chennai. Fomra Celebration spreads across 12.3 grounds with an open area of 7.2 grounds. It offers 51 two and three bedroom apartments in seven blocks with ground plus four floors each. The size of these residential units [...] Continue Reading »
Rajkot- The real estate market of Gujarat is witnessing rapid growth and transition. Cities like Ahmedabad and Surat have lucrative market and now Rajkot is experiencing the same. In last 9-10 months, the residential property prices in Rajkot is seeing consistent hike of 8-10 percent. The city is preparing to house IT/ITeS companies which will [...] Continue Reading »
Nagpur- The elevated Nagpur Metro Rail project has been approved by the Maharashtra government. The estimated cost of this metro project is around Rs 7,350 crore. The project will be implemented by Nagpur Improvement Trust (NIT). The metro proposal will be soon forwarded to central government for approval, said Chief Minister. The Detailed Project Report [...] Continue Reading »
Indiabulls Real Estate Ltd has signed an agreement with Doha Bank to offer exclusive deals to its NRI customers on properties in India. It includes complimentary home loan eligibility checks, exclusive promotion for Doha Bank Indian customers and special offers on Indiabulls properties. It will provide mortgage loans to NRIs for acquiring properties in India. [...] Continue Reading »
The Metro firm has signed a loan arrangement for the second phase of the Intra City rapid metro project, while the first phase is all set to start in Gurgaon this May. The Rapid Metro Rail Gurgaon South Limited (RMGSL), the Special Purpose Vehicle (SPV) is formed for taking of the phase 2 project, has [...] Continue Reading »
Lucknow- DLF limited, one of the largest real estate developer in India, has launched its studio apartment project named “My Pad—City Centre” in Lucknow. This new project in Lucknow spreads over 5 acre and would encompass 500 studio apartments and 100 shops in the next three to four years. My Pad—City Centre is the second [...] Continue Reading »
The South Corporation and Delhi Development Authority (DDA) have engaged in a dispute over the fate of farmhouses in the city. Both the agencies are fighting to establish their authority over the properties that will bring Rs 600-1,000 crore into the treasury as convergence fee. The dispute started when DDA passed a proposal to bring [...] Continue Reading »
With increasing debt and low sales months after months, the real estate companies have thought of going to the Institutional Placement Programme (IPP) to sell the shares to the investors. This IPP route will be taken by the builders as against the Offer For Sale (OFS) way to comply with the Sebi norms of public [...] Continue Reading »
Shimla- The prices of properties in Himachal Pradesh have fell by up to 30 percent in the past year, said real estate experts. A 2 BHK flat in Shimla, Kasauli and Solan towns is now available at approximately Rs 25 lakh, a 3 BHK is available for Rs 35 lakh to Rs 45 lakh and [...] Continue Reading »
