Realty News
With the Formula One fever back in action, Noida is all set to get alive with the race. Formula One will get the sleepy township back in action with all the 5-star hotels progressing with uproaring business. The second edition of F1 this time has been organised with the completion of the Yamuna expressway. However, [...] Continue Reading »
Realty experts say that Mumbai should focus on sustainable development. According to sources, the sustainable rate in the country is hardly 2.8% when compared to the global standards of about 25%. Since the real estate plays a major role in the development of economy, it is important that sustainable development be adopted on a faster [...] Continue Reading »
One of the major commercial regions of Delhi-NCR, Gurgaon is witnessing a fast paced development and demand of office space in less than 10,000 sq ft category off late. The city has been witnessing a great demand for office property which has an area of about 1000-5000 sq ft. Also with the increased supply of [...] Continue Reading »
The 4.85 acre plot Madras Race club Guindy has been bidded for Rs 260 crore by Mahindra Lifespaces, part of the Mahindra & Mahindra Group. The land value is Rs 3 crore per ground. The other two bidders were Arihant of Chennai and RMZ from Bangalore. Madras Race Club instructed that international real estate consultants [...] Continue Reading »
One of the largest pension asset managers, APG Asset Management, Abu Dhabi Investment Authority and the Government of Singapore Investment Corp are to invest in Indian real estate market . APG, which manages about 300 billion euro in assets, now plans to work directly with real estate developers, as it looks to establish a stronger [...] Continue Reading »
The Competition Commission of India (CCI) has dismissed a flat owner’s petition alleging abuse of dominant position by private builder, Dwarkadhis Projects, in Gurgaon. The petitioner is a home owner at Aravali Heights at Sector-24, Dharuhera in Rewari. CCI rejected the petition on the account that the builder is not a dominant player in the [...] Continue Reading »
Mahindra Lifespaces, part of the Mahindra Group, has purchased a three-acre plot in Andheri owned by Nycomed Pharma Pvt Ltd. Mahindra purchased the property for around Rs 205 crore, or Rs 65 crore an acre. The 12,000-sq m plot currently houses a bungalow, two guest houses, a research and development facility and an electric sub-station. [...] Continue Reading »
Smondo, an integrated residential project in the IT hub of Gachibowli in Hyderabad has been launched by Patel Realty. The project spreads across four acres and divided into II phases with 180 apartments respectively. The size of the apartments ranges from 990 sq ft to 1,435 sq ft and are presented as new age homes [...] Continue Reading »
Data produced by Bloomberg TV India shows that the price of residential space has skyrocketed by 6% in six months, and the demand of residential space in Bangalore has gone up by 3% and in Gurgaon the hike is as high as 9%. Whereas, in the past six months, demand of residential property in Bangalore [...] Continue Reading »
According to international real estate consultancy CBRE’s India Office Market View 2012, the absorption of office space had a sequential fall of 14% across seven key cities ended September, a fall of about six million sq ft, compared with about seven million sq ft in the previous quarter. National Capital Region (NCR), Mumbai and Bangalore, [...] Continue Reading »
