Bangalore
The BJP manifesto made at least three promises of direct interest to real estate developers. The party promises to put up 100 new cities, develop a national land use policy and nationally roll out a low-cost housing plan. For investors in property and for the sector as a whole, the promise to upgrade infrastructure and [...] Continue Reading »
A report by JLL India, an international property consultancy firm says, when it comes to luxury homes units priced above Rs 5 core, Bangalore is setting benchmarks to emerge as the country’s top luxury home market. According to the report ,some of the factors that are fuelling Bangalore’s rise to the top are Quality of [...] Continue Reading »
For 2013-14, The Bangalore Circle of State Bank of India (SBI) has crossed Rs 14,800 crore in home loans depicting 20% growth in sanctions during the year. Against Rs 4,000 crore in the previous fiscal, for the year, the Bank has sanctioned Rs 4,800 crore in home loans. Ashwini Mehra, chief general manager, SBI alleged [...] Continue Reading »
A new patron has been found by the city’s startup community in none other than institutional investment firm Xander Group. An incubation centre for entrepreneurs is been created at the upcoming mall in Whitefield, Bangalore by Virtuous Retail, a mall developer-cum-operator backed by Xander with a committed equity of $600 million, a first among mall [...] Continue Reading »
As per a report by Goldman Sachs, during the fourth quarter of 2013, the volume of residential units sold in Gurgaon and Mumbai has come down by 77 per cent and 45 per cent, respectively. However, by value sales in Bangalore went up six per cent year-on-year, while those in Gurgaon and Mumbai went down [...] Continue Reading »
LIC Housing Finance’s first real estate fund invests in four residential projects in Bangalore, Pune
As per the report, LIC Housing Finance Ltd which is a part of life insurance giant Life Insurance Corporation of India (LIC), has invested Rs 50-70 crore in each transaction from its Rs 530 crore real estate investment fund that it raised in March last year. The fund, named as ‘LICHFL Urban Development Fund’, has [...] Continue Reading »
Recently Motilal Oswal, Real Estate Investment Advisors, said, it has invested Rs 100 crore in residential projects – one near Mumbai and two in Bangalore. The company said in a statement, in the distant suburb of Ambernath the company closed its maiden investment from the India Realty Excellence Fund II in a forthcoming residential project [...] Continue Reading »
Over the last two years, in Mumbai, values of land, which are used for development of residential projects, have appreciated by almost 35.2 percent mainly due to change in norms and increase in property prices, a recent survey said. Knight Frank conducted a survey of 13 top Asian cities on the parameters of values of [...] Continue Reading »
Online space is projected to be the very important medium for property buying. Until now it was restricted to checking designs and prices of properties. However, it may take a few years before online property buying becomes as common as purchasing clothes, electronics or books by the click of a mouse. Real estate companies inform [...] Continue Reading »
As per realty experts, for property developers as well as other allied services providers senior citizen are emerging as a new customer segment for creating a proper assisted living environment for them. According to a report by property consultant Jones Lang LaSalle, senior citizens are now being looked at as a potential real estate market [...] Continue Reading »
