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Mumbai

Lodha group buys Clariant Chem land

Lodha group buys Clariant Chem land
The Mumbai based Lodha group has acquired Clariant Chemicals’ 87-acre plot of land in Thane, Mumbai for Rs. 1,154 crore. The deal was announced by Indian arm of Switzerland-based Clariant International in a filing to BSE. The company had the approval of shareholder to sell the parcel of land. The sale is subject to regulatory [...] Continue Reading »

SBI Cap Buys Office Space in Lower Parel

SBI Cap Buys Office Space in Lower Parel
SBI capital bought the space worth more than Rs. 70 crore from Marathon Realty through a tender process that concluded last week. This office space is for shifting the operations of SBI Cap’s broking subsidiary SBI Cap Securities Ltd (SSL) from its present location and some activities of the investment bank’s operations. The investment bank [...] Continue Reading »

Mulund receives a lot of residential projects

Mulund receives a lot of residential projects
In the next 2-3 years, Mulund area is set to receive a lot of residential projects. The projects include apartments ranging from 1 to 4-BHK units with prices varying between Rs 80 lakhs to over Rs 3 crores. In January 2014, the Supreme Court cleared the long disputed forest land and the developers have started [...] Continue Reading »

Bombay HC asks HDIL to hand over possession of Kurla’s Premier Residency flats

Bombay HC asks HDIL to hand over possession of Kurla’s Premier Residency flats
Housing Development & Infrastructure Ltd has been asked by the High Court to consider handing over possession of ready flats at its Premier Residency project at Kurla in Mumbai. The Bombay high Court suggested that the lawyers representing the developer and home buyers should try for an out of-court settlement. Aejaz Saiyed, who has bought [...] Continue Reading »

Low sales witnessed in Gurgaon, Mumbai in Q4

Low sales witnessed in Gurgaon, Mumbai in Q4
As per a report by Goldman Sachs, during the fourth quarter of 2013, the volume of residential units sold in Gurgaon and Mumbai has come down by 77 per cent and 45 per cent, respectively. However, by value sales in Bangalore went up six per cent year-on-year, while those in Gurgaon and Mumbai went down [...] Continue Reading »

If purchasing a property, select one before elections are over

If purchasing a property, select one before elections are over
Discounts and offers from real estate developers are common but during this Navaratra the real estate developers are offering huge discounts and flexi payment scheme to attract buyers. The reasons behind this response are that the real estate market is noticing oversupply. As per Cushman and Wakefield there was 12 percent decrease in new launches [...] Continue Reading »

PE Company Milestone Capital sells Rs 145-crore Pune property to HNI

PE Company Milestone Capital sells Rs 145-crore Pune property to HNI
PE firm Milestone Capital has sold a 2.5 lakh sq ft commercial property in Pune for about Rs 145 crore to a high-net-worth individual (HNI). This deal marks a potential renewal of interest among such investors in assets that provides constant rental return in addition to capital appreciation. The office building in Kalyani Nagar was [...] Continue Reading »

Rs 100 cr invested by Motilal Oswal realty PE in two projects

Rs 100 cr invested by Motilal Oswal realty PE in two projects
Recently  Motilal Oswal, Real Estate Investment Advisors, said, it has invested Rs 100 crore in residential projects – one near Mumbai and two in Bangalore. The company said in a statement, in the distant suburb of Ambernath the company closed its maiden investment from the India Realty Excellence Fund II in a forthcoming residential project [...] Continue Reading »

Prices of Residential land increase by over 35% in 2 years: Survey

Prices of Residential land increase by over 35% in 2 years: Survey
Over the last two years, in Mumbai, values of land, which are used for development of residential projects, have appreciated by almost 35.2 percent mainly due to change in norms and increase in property prices, a recent survey said. Knight Frank conducted a survey of 13 top Asian cities on the parameters of values of [...] Continue Reading »

Surat’s real estate market on upswing after one and half years

Surat’s real estate market on upswing after one and half years
Surat real estate market is on upward direction after an 18-month lull, as lots of demands for housing projects are being witnessed at Katargam and Varachh. A famous developer has earlier got very few buyers for flats in his scheme. But now the situation is going to change as the real estate market conditions are [...] Continue Reading »



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