Bangalore
Announcing the first closure of its second real estate fund, India Realty Excellence Fund (IREF) II LLP, Motilal Oswal Real Estate (MORE) has raised Rs 225 crore in three months. The fund was launched in November 2013, with a target to raise Rs 300 crore and with a Green Shoe option of Rs 200 crore. [...] Continue Reading »
Owing to the connectivity, infrastructure and basic facilities, Bangalore has emerged as the most preferred destination for buying a house in 2014, according to the findings of a survey by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). A majority of the respondents, about 49 per cent, of the urban working class are [...] Continue Reading »
Realtors in the city are a happy lot, due to political ambiguity in the state ending with the Centre’s move to bifurcate the state. Hyderabad will once again emerge as an investment destination which will lead to an uptick in real estate prices, according to realtors believes. At the ongoing Property Show-2014 organised by the [...] Continue Reading »
Retirement homes, or senior citizen living spaces, are becoming big business in the country. Senior housing is a $25-billion industry worldwide, according to Jones Lang LaSalle India. India has an approximate demand for 3 lakh such homes prized at over $1 billion. The massive demand for flats or townships for senior citizen with or without [...] Continue Reading »
Through a newly formed category named as alternative investment funds (AIF), HDFC Mutual Fund plans to raise up to Rs1,500 crore for real estate. The asset management company will raise the money through a new division that is expected to be called HDFC AIF, according to two persons who are familiar with the matter. An [...] Continue Reading »
Bangalore is widely known for its bungalow culture and does not have skyscrapers adorning its skyline. This, however is about to change as a lot of developers are planning projects to come up with skyscrapers in the city. It is learnt that in the next couple of months, Golden Gate Properties, the south based builder [...] Continue Reading »
Recently Chief minister Siddaramaiah presented the budget and announced that projects worth Rs 9,477 crore, to be implemented through the BBMP and the BDA, up from Rs 5,540 crore last year. The roads in Bangalore have been in miserable condition, adding to traffic woes in the city. City roads have been allocated Rs. 500 crore, [...] Continue Reading »
In one of the first real estate sentiment indices, Industry body FICCI and residential and commercial property consultancy, Knight Frank India have concluded an overall negative sentiment for realty across all zones including the National Capital Region (NCR) and Mumbai Metropolitan Region (MMR). The index further cited that the mood have got worse than what it was in the last [...] Continue Reading »
The Bangalore Development Authority (BDA) informed the Karnataka high court that in residential areas having roads less than 40 feet wide roads, no commercial or ancillary land use will be permitted. This was announced by the BDA counsel in a hearing of a PIL challenging the revised master plan 2015. It was actually in response [...] Continue Reading »
To go by the words of Confederation of Real Estate Developers Association of India (Credai), Hyderabad would continue to attract good interest in real estate activity and is very much capable of withstanding and thwarting any competition from Tier II locations in the event of state’s bifurcation. The general secretary of Credai, Mr. Ram Reddy, in his interaction with the [...] Continue Reading »
