Realty News
Housing finance provider Shubham Housing Development Finance Company has raised Rs. 122 crore ($20 million) in its recent round of funding from Motilal Oswal Private Equity (MOPE) and existing investors Helion Venture Partners, Elevar Equity Mauritius, ACCION Frontier Investment Group and Saama Capital. MOPE invested around Rs. 62 crore while the rest came from the [...] Continue Reading »
According to CBRE’s India Residential Market View report, the demand for housing across leading cities remained subdued in the first half of 2014. Due to the high pricing of the properties and high lending rates from the banks and financial institutions, the home buyers are not taking the plunge to make that investment. The home [...] Continue Reading »
According to a recent report by Knight Frank India, India Real Estate Outlook (January–June 2014), Pune emerged as the most affordable city among six cities in 2014. The city saw 83 % of new launches below the ticket size of Rs.50 lakh. Affordable housing is picking up in the city. Similarly, 75 % and 62 % [...] Continue Reading »
The Maharashtra Industrial Development Corporation (MIDC) has again failed to get any bids for the Information Technology (IT) Park. This happened despite reduction in bidding rate and after deciding to extend the deadline by 10 days. The IT Park has been lying idle for over a decade. The economic slowdown had pushed the expansion plans of the [...] Continue Reading »
The much-awaited announcement of the official launch of the ‘Housing Scheme 2014’ offering from the Delhi Development Authority (DDA) came on Monday, September 1, 2014, at the Authority’s Vikas Sadan headquarters; amid enthusiastic public response. Announcing the new housing scheme, DDA said that more than 25,000 flats will be available to buyers across different categories. [...] Continue Reading »
The government is working towards restoring the concessions provided to special economic zones (SEZs). In the past few years the SEZs had lost their sheen due to various factors. The issue of minimum alternate tax (MAT) and dividend distribution tax (DDT) has been taken up with the finance ministry. Since these taxes were levied on [...] Continue Reading »
It has been a mixed bag so far for the highways sector under the new government. And it has also taken some initiatives in order to ease the process to award projects and push through held-up works, but a key demand on the wish list of the road transport ministry and National Highways Authority of [...] Continue Reading »
Mahagun Group has launched its new residential tower called Villaments at Mantra II, the company’s residential project in Sector 10, Greater Noida (west). The tower will offer three BHK and four BHK duplex apartments, with sizes ranging between 2,600 sq ft and 2,950 sq ft, respectively. Prices start at Rs 70.85 lakh. The company is [...] Continue Reading »
With its biggest ever housing scheme slated to be launched on Monday, the Delhi Development Authority (DDA) is fighting against time to ensure that the process runs smoothly. There are 25,034 flats on offer in DDA’s 2014 housing scheme and the number of applicants is expected to run into several lakhs. In its last housing [...] Continue Reading »
Sheth Creators, a real estate company specialising in the luxury and ultra luxury segment, has launched Beaupride, a residential project in Bandra, Mumbai. The luxury residential project consists of 57 units in 22 storeys spread over a two-acre campus. It comprises fully air-conditioned 2BHKs (with a size option of 892 sq ft and 848 sq [...] Continue Reading »
