Mumbai
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 »
In last 12 months, the prices of property have dropped down but still the rents of properties are increasing day by day. Some areas witnessed the increase of up to 20 percent in the rents of property. Commonfloor.com data According to the data of Commonfloor.com, the rents of property increased by 10 percent in Delhi [...] Continue Reading »
India’s large mall developers companies are focusing on small towns, scouting for potential purchases. Developers like Future Group, Inorbit Malls (India) Pvt. Ltd and Infiniti Mall are looking to acquire malls in small cities to tap the potential there, while the top urban markets are close to being saturated. Inorbit, a division of Mumbai-based real estate developer K Raheja [...] Continue Reading »
The state forest department has told the Bombay High Court that because of illegal construction in Thane district the ecosystem in and around the area is getting damaged. The report on violations in the narrow belt of the mangroves on the west of the Mumbai-Ahmedabad Highway which is submitted by the N Vasudevan who is [...] Continue Reading »
Further delays are being faced by Ahmedabad airport for its privatisation. Recently Madras High Court vacated a stay on the privatisation process, now the Airport Authority of India (AAI) is in anticipation of an approval on a concessional agreement from the Ministry of Civil Aviation. After such an approval will the authority be able to [...] Continue Reading »
A latest order by BMC spell trouble for the Breach Candy tower built on a one-acre plot by the Singhanias of Raymond. A report prepared by municipal commissioner Sitaram Kunte says that the so much concession approved to the developers is responsible for huge construction. The report also says that the construction area is more [...] Continue Reading »
The flagship firm of Harsh Goenka’s RPG Group, KEC International, has put a seven-acre plot in Thane on the block. As per sources the plot is likely to be purchased by Tata Housing for 210 crore, previously housing its cable manufacturing facility. A person close to the development said, for the last three months, the [...] Continue Reading »
Pune’s residential housing sector got a new entrant in the name of Phoenix Mills, which has announced the launch of its project ‘Fountainhead’ near Viman Nagar on the Pune-Ahmednagar Road. The project comprises of two 13-floor towers encompassing 81 three and four bedroom apartments. The homes range from 3,000-5,100 sq ft in size and come at a [...] Continue Reading »
Around five years after Mumbai got its first road bridge over sea between Bandra and Worli in Central Mumbai, the state government has cleared another such proposal. The “sea link” will connect Bandra and Versova in the suburbs. Work has been initiated by the Maharashtra State Road Development Corporation (MSRDC) on the facility. The Maharashtra [...] Continue Reading »
According to a report released by Knight Frank India and the Federation of Indian Chambers of Commerce & Industry, the real estate market has deteriorated compared to the last six months. The quarterly report captures the suppliers’ perspective of real estate market conditions, titled the ‘Real estate sentiment index’. It explains the current sentiment as [...] Continue Reading »
