residential space
SP Tulsian of sptulsian.com says that If one takes the previous 12 month scenario, in Delhi NCR, the situation has not been really very good. The off take has been very poor; there have been no new launches. On the other hand in Mumbai the price reduction or fall in the prices at least in [...] Continue Reading »
Godrej Properties, the real estate development wing of the Godrej group announced that it has entered into an agreement with G&B to build a new project on the Eastern Express Highway in Vikhroli, Mumbai. The potential area at this site will be up to 8, 00,000 sq ft and is likely consist of residences as [...] Continue Reading »
Bangalore- Shriram Group’s real estate arm, Shriram Properties, is planning to raise fund of Rs 300 crore from private equity firms for specific projects. ASK Property Investment Advisors has recently funded Rs 100 crore to Shriram. But the realtor has said that it is looking to raise more funds. Shriram currently has a huge land [...] Continue Reading »
Bangalore- The Bangalore Development Authority (BDA) issued notices to 12 property owners in Kengeri for installation of mobile towers on the terrace of their homes. The authority claims that renting out terrace portion to any telecom company for setting up their mobile towers is in violation of the rule that residential property cannot be used [...] 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 »
Chennai-based real estate developer, Lancor Holdings Limited has planned to invest around Rs 300 crore in the next two years to develop around 800 residential units in Chennai. Lancor Holdings so far developed around 3 million sft with focus on residential space. Their new planning will construct five projects in and around the city to [...] Continue Reading »
Recently a four BHK flat was sold at a price of Rs 29 crore at an exclusive complex of 175 apartments and 10 bungalows at Cuffe Parade. People are opting for ultra-premium apartments in Mumbai because of the exclusive services that comes with the deals. While the affordable and mid-range segments of residential space are [...] Continue Reading »
Marathahalli and the surrounding areas has seen a quiet rise in realty market in recent times. The place can not be termed as a “village” (halli) anymore! There has been a boom in residential as well as commercial spaces in the area with rents growing up from as less as Rs 200 to Rs 25000 [...] Continue Reading »
Mumbai based developers are very much affected by the newly amended development control regulations. After the recent amendments in DC rules, it is predicted that there might be a hike in property prices which would effect the margin of the developers. As per the new rules, common areas like balcony, flower beds, terraces etc will [...] Continue Reading »
