Projects in Mumbai
Real estate developers in India are building more high-end shopping malls that will cater to retailers and buyers of luxury brands. DLF Ltd has planned to build two more luxury DLF Mall in the National Capital Region. The two malls, which are expected to be operational by 2013-14, will come up in Chanakyapuri, in the [...] Continue Reading »
It is found that there are no takers for nearly 1.1 million sq ft, or 11 lakh sq ft of ready office space in Mumbai’s commercial property market. The high vacancy in turn, has put pressure on commercial rental rates. In uncertain economic conditions companies are staying away from leasing space, which leads to the [...] Continue Reading »
There is good news for those real estate companies in Mumbai whose projects have been stuck due to regulatory approvals. The Maharashtra government is now looking to fast track the clearances of the project in Mumbai. Real estate in Mumbai has witnessed low launches in 2011. This was happened due to slow project approval process [...] Continue Reading »
In the global economic downtime, the companies in India are planning to sale their non-core and core assets to reduce the debt burden. Companies from all sectors like lifestyle, telecommunication, retail, real estate are walking in the same direction. We can see several movements taken by the DLF builder to sell its land bank and [...] Continue Reading »
565 residents of the Hazi Kasam Chawl at Lalbaug have moved to their new homes under the ambitious Cluster Redevelopment Scheme by the state government. The redevelopment project was completed by the Nish Developers and they are the first to secure permission to redevelop their seven acre property under the cluster scheme. A green building [...] Continue Reading »
One of India’s largest textile firms, Alok Industries has sold its eight floors in an office building in Mumbai’s Lower Parel area. Alok Industries sold around 252,000 sq. ft of prime office space in tower B of the Peninsula Business Park at a cost of Rs 425 crore. Alok Industries took the decision to reduce [...] Continue Reading »
Godrej properties is planning to acquire 14 acre land in Bangalore from Housing Development and Infrastructure Ltd. The cost of the property is estimated at Rs 100 crore. According to sources, the Godrej Property may pay up to Rs 105 crore in case if HDIL obtains all permissions for construction on the land. HDIL plans [...] Continue Reading »
Real estate focused private equity fund ASK Property Investment Advisors had invested Rs 50 crore in the residential? development ?project in Noida. The project is expected to be completed in few months. 12 residential tower have been constructed in the project over 14.5 acres of land in Noida. As the project ended with a great [...] Continue Reading »
The cost of new real estate projects in Mumbai are increasing sharply. But the cost of properties for resale have not increased since 2010. According to a real estate research firm, the developers are artificially raising the cost of the new launched properties. According to a report by the registration department in Mumbai, there has [...] Continue Reading »
According to a recent survey made by a consulting firm, residential properties in Delhi are selling much faster than any other cities in India. According to the survey, Delhi has almost 1.6 million units of unsold apartments and it will only take almost 23 months to sell these apartments. The reasons behind the speedy sale of [...] Continue Reading »
