Bandra-Kurla Complex
The average price of the new apartments of South India has risen up to Rs. 7.5 Crore which might lead to the inventory bundle-up that might take about eight years to get sold. South Mumbai, one of the most costly regions of India, South Mumbai just sold about 1,250 new residential apartments in the last [...] Continue Reading »
The first ‘smart district’ in Mumbai will probably be the Bandra-Kurla Complex (BKC). For the completion of the BKC ‘smart district’ project by the end of this fiscal year, the authorities have called for bids for the project. The MMRDA’s plans with regard to the ‘Smart BKC’ project chiefly include the provision of five services [...] Continue Reading »
As the companies tighten their rent of outflow and shift offices to new areas, it seems to be causing a transfer of housing realty as well. In Mumbai which is the world’s 16th costliest city to buy a home in, the luxury housing boom has spread to new locations like that of Lower Parel, Worli [...] Continue Reading »
We are all aware of Samsung producing funky smart phones, dependable AC’s, washing machines and other household products. However we are not aware of the fact that Samsung makes lavish buildings. Recently none other than RIL have commissioned Samsung C&T, the Korean giant’s engineering and construction department to build a super lavish project for mixed [...] Continue Reading »
The first railway link of Mumbai which is about to connect Versova Andheri with Ghatkopar very soon is going to expect a game changer pretty soon for the megapolis realty landscape. This piece of information was given by Jones Lang LaSalle today itself who happens to be a property consultant himself. A price appreciation has [...] Continue Reading »
Ceejay House in Mumbai, which once demanded the highest rents, is far more affordable today. Rents per month have plunged to between R300 and R350 per sq ft and while to the rest of the market these may be at a premium, they’re way lower than the average seen six years ago of R400 to [...] Continue Reading »
Mumbai has seen three quick, mega land deals. The deals are Oberoi Realty buying Tata Steel’s Borivali land for Rs. 1,155 crore, Tata Housing buying land from KEC International at Rs. 214 crore and Clariant Chemicals selling its land in Thane to Lodha Developers for around Rs.1,154 crore. Rohit Poddar, Managing Director of Mumbai-based Poddar [...] Continue Reading »
A source says that the Indian Railways has introduced tenders and the land parcel given to the successful bidders on a 45-year lease is expected to collect Rs 2,500-3,000 crore. This land is given for commercial development of 4.3 hectares of a prime land parcel in Bandra (east). The Railway Land Development Authority (RLDA) is [...] Continue Reading »
The India Infoline Ltd’s (IIFL) non-banking financial company and some of its wealthy clients have together invested Rs 150 Crore in a 500-acre Navi Mumbai township project of property developer Wadhwa Group. IIFL has purchased non-convertible debentures (NCD) from Wadhwa Group for the project, after three years of signing agreement with the Gulf Finance House [...] Continue Reading »
India has been an attractive market for IT/ITES industry as it ensures handsome investment returns. The BFSI (Banking, Financial Services and Insurance) book of the dead game industry, manufacturing and other service sector also contribute to total office space absorption in India. As per Knight Frank Survey, the top six cities which will witness maximum office [...] Continue Reading »
