Mumbai
The real estate development arm of the Godrej Group, Godrej Properties said in a release that it has entered into a pact with group company Godrej & Boyce to develop a new project on the latter’s property at Vikhroli suburb of Mumbai. The project is expected to comprise of premium residences as well as a [...] Continue Reading »
Searches were conducted at 20 locations of real estate major Hiranandani group in Mumbai and other cities by the Income Tax department in connection with alleged tax evasion. People from the Income Tax department who are aware of the developments are saying that the simultaneous searches had been conducted at many locations of the group [...] Continue Reading »
Sachin Ahir, state housing minister, stated that one might be penalised if they have a second house and don’t give it out on rent or sell it off. Government is functioning on the modalities. According to the 2011, census there is 41.86 lakh houses in Mumbai. A house-to-house survey showed that of this 4.79 lakh [...] Continue Reading »
For a seafacing Cuffe Parade flat, a famous businessman outbid others at a public auction in the Bombay high court with his offer of Rs 30.50 crore. For liquidation proceedings against a city businessman who owned the flat the 3,000 sq ft apartment in Maker Towers B was put up for auction. The flat was [...] Continue Reading »
Canadian Pension Plan Investment Board (CPPIB) is set to appoint an India team with a new office in Mumbai later this year. The board manages $200 billion in assets. This is the second office of the Canadian giant in the emerging markets and signifies reviving sentiments on the India investment story. In the past one [...] Continue Reading »
Recently, Tata Housing declared it is planning to invest Rs.1, 200 crore for developing 13 housing projects for senior citizens in the next five years. In Bangalore by the name of Riva Residences, the company had already launched its first project and work for similar projects would soon commence in more cities, including Chennai, Ahmedabad, [...] Continue Reading »
In Mumbai, on Saturday, Christians are going to march to Azad Maidan to protest for land acquisition notices issued to various churches and church-run schools. The protest is being conducted under the banner of Save Our Land (SOUL). Activists say, since December they have been approaching various authorities including the municipal commissioner to withdraw the [...] Continue Reading »
Kruti Kumar Jain, director, Kumar Urban Development said, “The Mega Township is aimed at catering to the employment catchment area of Kharadi and Hadpasar in Pune.” Jain said , the project offers a unique combination of luxury and affordability and the prices start at Rs 30 lakh.She added the project’s USP is its proximity to [...] Continue Reading »
Luxury housing is strongly emerging as a market in the country. The demand, however, varies according to the cities. In fact, the definition of luxury changes according to the location. A two bedroom flat, for example, is considered luxury housing in certain locations in Mumbai, Pune, Bangalore or Gurgaon. More precisely, luxury homes would be [...] Continue Reading »
Tata Value Homes Limited (TVHL) is a 100 per cent subsidiary of Tata Housing Development Company. The company’s National Home Buying Day was oversubscribed 4 times with over 800 applications for the allocated 200 units across 5 projects. The website has seen 3,00,000 hits during the four days. Buyers from across the country and NRIs [...] Continue Reading »
