Realty News
The Confederation of Real Estate Developers Association of India (CREDAI) said that the state government’s policies will end up being its gift for Gujarat’s Gift City as the developers body witnesses Mumbai and Maharashtra turning increasingly ‘investor unfriendly‘. Lalit Kumar Jain, president of CREDAI, has criticised the policies regarding the proposal to hike the lease [...] Continue Reading »
In order to boost demand in the economy, public sector banks have either cut interest rates or waived home loans processing fee in response to Reserve Bank of India’s (RBI) monetary policy and finance minister P Chidambaram initiative to revive growth. Several lenders have cut interest rates for home loans such as Bank of Baroda, Bank [...] Continue Reading »
Alpha G Corp, a real estate developer is looking to develop a mixed use city centre in Surat and integrated townships in Ahmedabad, which spreads across more than 100 acres. The firm has successfully completed its one year in mixed use city centre in AlphaOne Ahmedabad which spreads across over 1.2 million square feet. AlphaOne [...] Continue Reading »
A real estate and management web portal, Commonfloor.com has raised second round of fund from existing investors, Accel India and Tiger Global Management, a New York-based investment firm. The amount has not been disclosed by the firm. Firstly, the firm has raised fund from Accel India in 2009.The second round fund raising will be used [...] Continue Reading »
Rupees 38 crore unaccounted money has been seized by the income tax department during raids at the residential and office premises of real estate developers in Surat. According to sources, two real estate groups had disclosed unaccounted income worth Rs 27 crore and another leading realtor has disclosed Rs 11 crore. The search and seizure [...] Continue Reading »
As a result of funding gap, many housing projects have been shut down and as a result, economy has slowed down. The government has directed many banks across the state to unblock values of stalled projects and provide financial dose to turn them viable. National housing bank (NHB) decided to begin the search for the [...] Continue Reading »
DMI Finance is in the process of raising 1,000 crore to invest in the real estate sector. The company was founded by the former Citigroup employees Shivashish Chatterjee and Yuvraj C Singh. The company will target an equity and debt corpus of 500 crore each and it will target over 20% internal rate of return, [...] Continue Reading »
Post the opening of its first premium resort in Coorg, Karnataka, Tamara Real Estate plans for expansion. Aiming at future business growth, it eyes on expansion in Kodaikanal and Alappuzha with similar resorts. Tamara Real Estate Holding has set up The Tamara Hospitality in which Infosys’ co-founder S D Shibulal daughter Shruti Shibulal is the [...] Continue Reading »
Edelweiss Housing Finance to introduce housing loans of less than Rs 10 lakh in Madurai. The firm target the low income group and those constructing their own homes in Chennai suburbs and small towns and in Tamil Nadu. The target of the plan is to focus on self employed and small and micro entrepreneurs and [...] Continue Reading »
After establishing strong hold in high–end residential and commercial space, Sunteck Realty is looking to entering the retail commercial segment. A new mini-mall is coming up in Goregaon in northern suburbs of Mumbai is being put up by the firm. The mall will have a mixed development of high-end luxury residential and commercial and retails [...] Continue Reading »
