Realty News
The first day of real estate expo organised by the Times at Vivanta had a good start and the footfalls are expected to increase even higher in the second day. Around 17 real estate companies took part in the expo. This is an annual event and the sixth Times Property Expo that is happening in [...] Continue Reading »
New housing projects have been launched in Gurgaon due to strong real estate market in account of this festive season. Real estate consultancy, Qubrex says that the booking for new projects are encouraging and even the prices have increased due to strong demand. Projects in the sector 104 started with Rs 5350 per square feet [...] Continue Reading »
Kolkata-based non banking financial corporation (NBFC) Magma Fincorp has entered the housing finance sector in India. It has acquired the mortgage business of two GE Capital India arms for Rs.1,600 crore. The deal marks the exit of GE Capital’s two decades of home loan business in the country. The concerned GE Capital arms are – [...] Continue Reading »
Private equity major Actis is revealed to be the forerunner to buy Cinemax India Ltd,. The multiplex chain had been put up for sale by its promoters. Kanakia family, the promoters of Cinemax, expects a valuation of around Rs 700 crore, including a debt of Rs 100 crore. The Kanakias own close to 70 per [...] Continue Reading »
The municipal corporations are finding it difficult to check structural safety of buildings as only less than 5% of property owners applying for completion certificates. The civic agencies are planning to convince the people of the country to incur the completion certificate. S.S. Yadav, commissioner, East Delhi Municipal Corporation said that in Hyderabad the owners [...] Continue Reading »
This festival season developers are planning to attract property buyers with special discounts and freebies. Several developers are rolling out special offers ahead of Diwali in metros and also in tier II cities such as Amritsar. SARE Homes and Impact Projects organized a two day Home Carnival or ‘Gharotsav’ on 3rd and 4th November 2012 [...] Continue Reading »
DHLF the mortgage lender has cut its home loan lending rates by 0.25 per cent across categories for new customers. This is the second time the lender reducing interest rates within a month. It said in a statement that the variable rate of interest for loans of up to Rs 15 lakh has been cut [...] Continue Reading »
The Allahabad high court judgment imposing stay on 802 acres of land in Noida has affected real estate development. However, the court’s ruling was a major relief for farmers. The project areas like sectors 74,79,112 and 119 in Noida will face a big back drop due to the judgment. Thousands of housing units are being developed [...] Continue Reading »
The slowdown in the economy has not affected the premium real estate spaces. A Gujarat based Torrent group recently bought a residential property, close by US Embassy, 1,124 sq yards in Chanakyapuri for Rs 111 crore, at the rate of around Rs 10,00,000 per sq yard, which is the highest recorded rate in the recent [...] Continue Reading »
Chennai’s CBD areas observed a downfall in demand for smaller and medium format office spaces with the absorption recorded at around 44,000 sq ft, during third quarter predominantly. The Suburban Business District (SBD) including areas such as Velachery, Perungudi and Mount Poonamallee Road have witnessed restrained demand levels for office space, with absorption recorded at [...] Continue Reading »
