Realty News
Real estate consulting firm Knight Frank in their latest report entitled ‘Economy & Realty @ Glance’ for August 2012, has stated that banking institutions have cut down on their lending to the Indian real estate sector. The report says that the waning interest of the banking sector towards commercial real estate lending has been reflected [...] Continue Reading »
Motilal Oswal Private Equity Advisors Pvt. Ltd plans to raise around Rs.500-600 crore to invest in residential projects in large cities. This new fund will be Motilal Oswal’s second in the real estate space. It had earlier raised Rs.200 crore under the India Realty Excellence Fund (IREF) in 2009. This time around, Motilal Oswal wants [...] Continue Reading »
ASK Property Investment Advisors, the property fund arm of ASK Group, plans to launch a $200 million (Rs 1,100 crore) international realty fund next month. When it launches the fund, ASK will join the league of HDFC, IDFC, IL&FS, Indiareit, Kotak and Tata Realty & Infrastucture, which are planning to launch foreign realty funds. ASK [...] Continue Reading »
Godrej Properties Ltd has declared that it has sold the first phase of its housing project comprising 695 flats in Gurgaon in a single day. The Mumbai-based real estate developer had launched the 21- acre housing project in Gurgaon comprising 1,200 flats on 11th September. The project has an investment of up to Rs 600 [...] Continue Reading »
International property consultant Jones Lang LaSalle has stated that India and China are leading the list of top 20 destinations with the strongest retail real estate momentum. The shopping centre stocks in these countries are projected to grow by around 15 per cent per year until 2020. However, the firm states that India falls short [...] Continue Reading »
Developers launching apartments in Bangalore are trying to differentiate their residential projects. While most of them resort to differentiating on the basis of designs, layout, theme, furnishing and different finishing for floor, walls, roof etc., some are now trying to innovate on the basis of social distinctions. Some developers are providing newly affluent home buyers [...] Continue Reading »
Phase I of “One Bangalore West”, launched by the Phoenix Mills Ltd. , seems to have received good response from home buyers. The 3 million square foot residential project is located in Rajajinagar, Bangalore. The project consists of over 275 apartments and amount worth over Rs.530 crores is being booked till date. The average sale [...] Continue Reading »
The government plans to bring unorganised property agents and brokers under the purview of the proposed real estate regulatory bill. According to sources in Ministry of Housing and Urban Poverty Alleviation, a chapter has been included on real estate agents in the Real Estate (Regulation and Development) Bill. Unlike most nations, property brokers in India [...] Continue Reading »
The Competition Commission of India (CCI), is putting around 70 real estate developers in the country under scanner. The developers include big players like Unitech, Parsvnath Developers and Omaxe and several big builders in Mumbai. All these developers’ action for entering into one-sided agreements with buyers and for allegedly colluding with each other have been [...] Continue Reading »
Gurgaon IT/ITeS and BPO professionals are driving home demand in West Delhi. According to consultancy firm Jones Lang LaSalle (JLL), most potential customers belong to the salary bracket of Rs 12 lakh to Rs 24 lakh per annum. Since infrastructure facilities in Gurgaon still has a long way to go, they are looking to buy [...] Continue Reading »
