Realty News
A new realty project will be launched in Mumbai in the partnership of four property developers, Hubtown, Marathon Realty, Terraform Realty and Rajesh Lifespaces. A consortium has been formed called Rare Townships to develop a township titled ‘Rising City’ off eastern Express Highway in Ghatkopar area of Mumbai . The project will have two, two [...] Continue Reading »
The plywood industry was badly hit by the slump in the real estate industry. The Indian plywood industry has an annual revenues of Rs 25,000-30,000 crore. The domestic plywood industry, especially the unorganised sector will be in trouble once China starts flooding the market with quality products. However, due to quality issues, imports were minimal [...] Continue Reading »
The progress of major development projects in Maharashtra has been affected due to the differences over the land acquisition bill. Among these projects, most were shortlisted by chief minister Prithviraj Chavan two years ago. The Navi Mumbai airport, the nuclear power plant at Jaitapur, the coastal road and railway expansion projects are among them that [...] Continue Reading »
In a move to help the real estate sector, government is planning to give industry status to the real estate infrastructure sector. This move will help the real estate sector to get access to cheaper finance from banks. The proposal for industry status has already been submitted to the finance ministry for its consideration. Getting [...] Continue Reading »
The Confederation of Real Estate Developers Association of India (CREDAI) said that the state government’s policies will end up being its gift for Gujarat’s Gift City as the developers body witnesses Mumbai and Maharashtra turning increasingly ‘investor unfriendly‘. Lalit Kumar Jain, president of CREDAI, has criticised the policies regarding the proposal to hike the lease [...] Continue Reading »
According to sources, private equity firm, Sun Apollo is to invest up to $50 million on projects developed by Indian real estate company Sobha Developers. Sobha Developers is based in South Bangalore, has built more than 51 million square feet of homes and offices since 1995. Sun Apollo is to invest on project basis and [...] Continue Reading »
With NCR Planning Board giving green signal for projects like the Night Safari Park on the anvil, Yamuna Expressway Industrial Development Authority (YEIDA) has organised the chart for the development in the region. With the execution of the new master plan, the area will witness a rise in entertainment zones and industrial hubs with world-class [...] Continue Reading »
Through real estate fund that focuses commercial property is suppose to raise up to Rs 500 crore in the top seven cities of India by Azure Capital. India reality fund II, will be launched by Azure Capital, that will totally focus on commercial properties across the seven cities of India. The investors will focus on [...] Continue Reading »
The two potential bidders, Government of Singapore Investment Corporation (GIC) and private investor Red Fort Capital are to acquire the real estate assets of Hindustan Teleprinters (HTL), where Himachal Futuristic Communication (HFCL) holds 74% stake. After HTL was deemed as non performing assest, SBI took possession of 10.16 acre company land, in Chennai. The final [...] Continue Reading »
A three day property exhibition to be held by the Confederation of Real Estate Developers’ Associations of India (CREDAI) at Amanora Town Centre on Kharadi Bypass from October 19. This will be the biggest property exhibition in the city . The three days exhibition will showcase an array of numerous property in and around koregaon Park, Kalyani [...] Continue Reading »
