Mumbai
Shares of realty firm Godrej Properties has gained over 7 per cent, with its market capitalization added to Rs 156 crore in a single trading session. Shares of the company, which had jumped more than 7 per cent to a high of Rs 560 on the BSE, settled for the day with gains of over 3.24 [...] Continue Reading »
Godrej Properties Ltd (GPL), the real estate arm of the Godrej group, said on Monday it had created a Rs 770-crore development fund to develop residential properties in India with a clutch of global investors, including Dutch pension services provider APG and Sparinvest Property Fund II. The fund will invest and develop three to five [...] Continue Reading »
Godrej Properties Ltd (GPL) has formed a residential development platform with Rs 770 crore of equity commitment. The platform mainly aims towards the development of the middle-income residential space in Mumbai, Delhi NCR and Bangalore, apart from looking for opportunities in Chennai and Pune. GPL would contribute 29 per cent in the investment platform while [...] Continue Reading »
Realty consultant Cushman & Wakefield today said that Indian realty is likely to witness around 25 per cent drop down in land deals around Rs 15,000 crore as a result of decline in demand. According to C&W, smaller realty developers would end up buying most of the lands this year than top players. India had seen [...] Continue Reading »
Mumbai, being the most expensive city of India, has the highest cost of real estate properties which compete with other Asian centers such as Singapore and Hong Kong. It has been recorded that an apartment in 28th floor, facing the Arabian Sea in Mumbai, was sold at 390 million rupees. At a present situation of [...] Continue Reading »
Commercial rent trends in the first quarter of 2012 have been idle with rates almost constant, except in some places in major cities of India where there has been a growth. Commercial rents in Lajpat Nagar and Greater Kailash in Delhi have been hopeful as they are preferred choices for commercial renting due to connectivity [...] Continue Reading »
Disney Consumer Products (India) plans to launch Disney Inspired Homes for which it will tie up with a Mumbai based real estate company, Sunteck Realty Ltd. Disney Inspired Homes, built at the ‘Sunteck City’ project in Goregaon in North Mumbai, will be designed using Disney themes especially for children and families in the Indian real [...] Continue Reading »
Real estate in Wakad, a locality in Pimpri-Chinchwad, is growing at a fast pace. Aundh being fully occupied, the neighbouring Wakad is now Pune’s new most-sought location after Aundh and Baner. The locality is a preferred choice of investment for most of the IT professionals as the IT park at Hinjewadi is in proximity. It [...] Continue Reading »
(GPL) launched a luxury residential project ‘Godrej Serenity’ at Chembur, Mumbai on Tuesday. Godrej Serenity will include a 17-storey tower comprising 3 and 4 BHK luxury apartments and 2 exclusive duplex penthouses. It will offer modern lifestyle amenities like a clubhouse, which includes a swimming pool, a steam room, a sitting room, a pool table [...] Continue Reading »
DLF’s Mumbai land sale deal has captured strength as three buyers are in advanced stages of negotiation. Sources said that the deal may close in the next couple of months. Three major developers including Oberoi Realty, Lodha Developers and Runwal Group are currently negotiating the deal. The deal is likely to range between Rs 2300 [...] Continue Reading »
