Realty News
Bangalore has surpassed bigger property markets such as Mumbai, Delhi and Chennai. Real estate research firm PropEquity says that the Southern city recorded a 140% growth in the quarter till June over the year-ago period. As sales in most other cities stagnated or decreased, Bangalore witnessed sale of 15.58 million sq ft of residential space [...] Continue Reading »
Shriram Properties, the Bangalore-based realty arm of Shriram Group, is reportedly close to settle a Rs 600 crore debt raised from Germany-based Hypo Real Estate Group during late 2007. Shriram Properties will settle the debt through sale of its IT SEZ in Chennai for Rs 500 crore to Singapore-based Ascendas. Hypo Real Estate Holding AG [...] Continue Reading »
Bakery and dairy products manufacturer Britannia Industries is likely to develop retail space on a six-acre plot of land in Bangalore jointly with Wadia Group‘s real estate arm, Bombay Realty. Sources say that Britannia is looking to develop retail asset and is in the process of hiring a local architectural firm to design the proposed [...] Continue Reading »
Developers’ body Confederation of Real Estate Developers’ Associations of India (CREDAI) has expressed hopes that housing sales are expected to improve by about 20 percent in major cities during the festival season. The main propellant has been identified as the marginal fall in interest rate on home loans. Buyers waiting for last two years to buy [...] Continue Reading »
Mysore’s real estate has received a boost as construction activity, with the city’s municipal corporation issuing over 100 licenses to builders for residential projects. Most of the realty developments are coming up along the arterial and peripheral roads, especially the Outer Ring Road area. The local players in the residential property segment are hopeful of [...] Continue Reading »
Frazer Town in Bangalore has witnessed 14 per cent realty growth in the last quarter. The rental values are a healthy Rs 17-18 per sq ft, which is even higher than localities such as CMH Road and Domlur which have rental values of Rs 13-14 per sq ft. Frazer Town witnesses a growing demand for [...] Continue Reading »
While Powai, the Mumbai suburb along the Central Line, has attained a premium tag with respect to real estate, few localities along the same line are still offering residential properties at affordable prices. Bhandup, Ghatkopar, Vikhroli and Mulund are some of those areas. In Powai, the average price is over Rs 11,000 per sq ft. [...] Continue Reading »
Hyderabad real estate seems to be on the path of recovery. Property developers in the city are gearing up to invest in land plots and launch new projects. Few factors which have been contributing towards the residential growth are the improved connectivity levels and social infrastructure. More and more number of builders have opted to [...] Continue Reading »
Pantaloon Retail India Ltd, the country’s largest retailer, has decided to consolidate its business in the top 16 cities and a surrounding network of secondary cities. The decision implies that the retailer would be exiting from smaller towns that don’t fit into this network. Analysts say that the consolidation would help Pantaloon Retail improve profitability [...] Continue Reading »
ICICI, HDFC and Vijaya Bank have joined the race to cut rates for the festival season, in a series of efforts by lenders to boost home market. The lenders have cut their rate by up to 100 basis points on their home loans. Under the festival scheme, ICICI Bank will offer home loans of Rs [...] Continue Reading »
