Real Estate India
Tata Group’s realty company, Tata Housing is preparing to invest Rs. 3,000 crore into joint development agreements, and more land this financial year (FY). MD and CEO of Tata Housing Development, Brotin Banerjee says that the current FY is very important for the company, as they plan on increasing expenditure on acquiring land. The move [...] Continue Reading »
Standard Chartered Bank is looking to reduce the commercial real estate exposure in India after receiving a mandate from global regulators to cut exposure towards the underperforming sectors in the country by June 2014. The bank has been reaching out to borrowers through their relationship managers to close these credit limits. The bank’s current exposure [...] Continue Reading »
Residex, an index released every quarter by the National Housing Bank (NHB) with technical support from RBI, indicates that real estate prices have shown an increase in 16 out of 26 cities. The index is the most authoritative residential housing price index. The indication is that the prices may be finally bottoming out. Delhi and [...] Continue Reading »
Competition Commission of India (CCI) has declined the charges of abuse of dominant position against the real estate company Universal Buildwell. It was declared by CCI that there is no existence of a prima facie case for creating an investigation as Universal Buildwell did not appear to be dominant in the market of development of [...] Continue Reading »
The MCHI Credai property exhibition, which spreads across 200,000 feet of land, will be held from April 11 to 14, 2013 at MMRDA Grounds. This is the 21st Real estate and Housing Finance Exhibition, where home buyers are welcomed and make the decision on home buying. The developers is going to showcase 12,000 plus properties spread [...] Continue Reading »
The estimated amount of Delhi’s gross domestic product (GDP) is Rs 3.65 lakh. Among which services sector, including real estate, hotels, restaurants, banking, insurance, wholesale and retail trade, contributed a whopping Rs 2.98 lakh crore. Despite the slowdown in the economy, the service sector sustained its position as prime driver of the city’s economy. As [...] Continue Reading »
The project Greenage is a thoughtfully planned and self contained community that offers 2, 3 and 4 BHK apartments ranging from 1,354 sq. ft to 2,870 sq. ft. It is spread across 21 acre lush greenery and is truly a unique lifestyle concept in Bangalore. The project is ready for possession. Salapuria Greenage is approved by banks like AXIS, [...] Continue Reading »
Chennai – A survey was performed to find out the city with maximum number of online searches for luxury properties above Rs 1 crore. Chennai took the first place, followed by Delhi -NCR and the third position was occupied by Bangalore. This study was carried out on the basis of number of searches and visits [...] Continue Reading »
Gurgaon is witnessing high demand for home automation. The factors behind this high demand are new product offerings, greater influx of end-user demand and an increasing upwardly-mobile mid-segment, luxury and ultra-luxury housing projects. City-based home automation companies have witnessed over a 100 percent rise in their business in the past three years and are betting [...] Continue Reading »
Paying guest hostels running in plotted colonies in Gurgaon are surveyed by the Enforcement Branch of the Department of town and Country Planning. A senior DTCP official said that PG hostels are running illegally as no commercial activities are allowed in plotted colonies of Gurgaon. The owners usually rent the house for most PG hostels. [...] Continue Reading »
