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Mumbai realty

Kotak Invests In Nirmal Group’s Project from New Offshore Fund

Kotak Invests In Nirmal Group’s Project from New Offshore Fund
Kotak Realty Fund has made its very first investment from its latest offshore fund of $392 million, in a residential project being developed by Mumbai-based realty firm Nirmal Group. The project is in the early stages, with construction work not underway yet, in suburban Mulund. Kotak Realty Fund has chosen the structured finance route – [...] Continue Reading »

Real estate boom in the coming months- Lenders gear up to lend

Real estate boom in the coming months- Lenders gear up to lend
There is good news for the real estate market as the banks and financial institutes are keen to lend for commercial and residential projects. Canara bank and Andhra bank and 4 other banks have formed a consortium to lend Rs 890 crore in bank finance to Mumbai based Lodha Builders for its residential project in [...] Continue Reading »

Mumbai, Gurgaon and Bangalore witnessing property price hike

Mumbai, Gurgaon and Bangalore witnessing property price hike
Mumbai, Gurgaon and Bangalore have been witnessing steady appreciation in property prices for over four years now. The property prices in Mumbai went up by an average 66 per cent, whereas Gurgaon saw an average rise of 52 per cent closely followed by Bangalore with an average of 46 per cent. Experts believe that the [...] Continue Reading »

Home registrations hoping to recover

Home registrations hoping to recover
Home registrations have dropped by 23 percent in Jan-Nov 2011 as compared to 2010. But in the first 11 months in 2012 the home registrations remained more or less in the same level as in the corresponding period in 2011. According to the director-general of registrations, this year the city saw 52,009 property registrations up [...] Continue Reading »

Mumbai monorail project delayed again

Mumbai monorail project delayed again
Monorail project in Mumbai has again missed its deadline. The mono line between Chembur and Wadala is now going to be functional by August instead of January 2013 as announced by Maharashtra Chief Minister Prithviraj Chavan. The project implementation started in 2008 and this is the third time the project is getting delayed. Mumbai Metropolitan [...] Continue Reading »

Neev group launches premium residential apartments in Mumbai

Neev group launches premium residential apartments in Mumbai
Real estate developer, Neev group has launched a premium residential redevelopment housing project ‘Neev Amberwood’ in Andheri West, Mumbai. The group has successfully delivered projects in the Mumbai Metropolitan Region. This project would not only enhance the lifestyle of members, but will also increase the demand of quality homes in the suburbs. Neev Amberwood is [...] Continue Reading »

Flat sold for Rs 28 crores in Mumbai

Flat sold for Rs 28 crores in Mumbai
Citibank, the leading foreign bank had put a flat for sale in 2008 in Malabar Hill‘s IL Palazzo building and Vinod Khanna, bollywood actor was the highest bidder with a record bid of Rs 1.20 lakh a sq ft for the 2,550 sq ft flat. But the actor did not go through the flat at that time. [...] Continue Reading »

Builder to pay Rs 2 lakh as compensation

Builder to pay Rs 2 lakh as compensation
A builder was asked to pay compensation of Rs 2 lakh to a couple by the Maharashtra State Consumer Commission for cancelling a booking of a flat. The builder cancelled the booking when the Thane based couple denied to pay Rs 1,000 per square feet which is more than the booking rate. The couple booked a 1,200 sq [...] Continue Reading »

Wadia group coming up with all-in-one residential project

Wadia group coming up with all-in-one residential project
Bombay realty, the real estate arm of Business conglomerate Wadia Group is coming up with its first fully integrated mixed-use project in Mumbai. The project ‘Island City Center’ will be located in Dadar. The project is spread over 29 acres which will host luxury residences, a five-star hotel, offices, serviced apartments, a high street, a mall, an [...] Continue Reading »

Mixed-use residential project coming up in Bandra

Mixed-use residential project coming up in Bandra
Recently, Writer Realty, the real estate branch of Writer Group has brought a two-acre of land for Rs 200 crores in Bandra. The company is planning to utilise this land for mixed-use residential purpose. By next year they are planning to launch a luxury residential project which will be located near Pali Hill. There was a [...] Continue Reading »



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