Realty News
In the third quarter of 2012, Bangalore has witnessed a fresh supply of malls of about 3,60,000 sq ft. However, retailing activities remained slow. Bangalore has been witnessing a reduced rate in the leasing activities. There has also been a scarcity fresh retail space in both malls and main streets which has led to a situation [...] Continue Reading »
In order to attract customers and beat competition, State Bank of India (SBI) has cut processing fee on home loans, which is till December 31 this year. SBI’s processing fee cut will affect it’s rivals like HDFC, ICICI Bank and Axis Bank adversely, since it has already cut it’s home loan rates. In order to [...] Continue Reading »
Through real estate fund that focuses commercial property is suppose to raise up to Rs 500 crore in the top seven cities of India by Azure Capital. India reality fund II, will be launched by Azure Capital, that will totally focus on commercial properties across the seven cities of India. The investors will focus on [...] Continue Reading »
The two potential bidders, Government of Singapore Investment Corporation (GIC) and private investor Red Fort Capital are to acquire the real estate assets of Hindustan Teleprinters (HTL), where Himachal Futuristic Communication (HFCL) holds 74% stake. After HTL was deemed as non performing assest, SBI took possession of 10.16 acre company land, in Chennai. The final [...] Continue Reading »
A three day property exhibition to be held by the Confederation of Real Estate Developers’ Associations of India (CREDAI) at Amanora Town Centre on Kharadi Bypass from October 19. This will be the biggest property exhibition in the city . The three days exhibition will showcase an array of numerous property in and around koregaon Park, Kalyani [...] Continue Reading »
Due to the inventory build-up in certain areas in the city, it was stated by the National Housing Bank (NHB) that there might be certain amount of price correction in the housing sector. The projects which are unsold due to the high price perception will witness price correction simultaneously to the current reduced revision in the housing loans, announced [...] Continue Reading »
The retail rentals in Delhi have increased to 21% and the areas falling in to it are South extension, Karol Bagh, Khan Market and others. According to global property consultant Cushman and Wakefield (C&W), the high street of South Extension witnessed a growth of about 21% in rental values during June-September period, which was further followed [...] Continue Reading »
The hotel chain, Citrus Hotels and Resorts has decided to invest about Rs 500 crore to add 1,500 rooms and take its hotels strength by 2017. They have aimed to flourish about 18 hotels in the next five years and currently the hotel chain has 475 rooms spread across eight properties. When questioned about their generating of [...] Continue Reading »
Mumbai-based real estate developer, Neev Group has launched a premium residential housing project in Andheri West. The project, Neev Amberwood, would be a redevelopment housing project, which will replace the existing Navnit Cooperative Housing Society Ltd. The project, spread over 2 lakh sq ft area, is located in the heart of the suburb, with four [...] Continue Reading »
FDI-backed real estate firm Alpha G Corp, is looking to set up an integrated housing project on the outskirts of Ahmedabad. The company already owns and manages the Alpha One mall at Vastrapur. Alpha G has already launched three township projects, one each at Fatehbad, Karnal and Amritsar. The company is looking at the real [...] Continue Reading »
