Author Archives: admin

Yamuna e-way Villages to Move Court.

More trouble for the builders, farmers of Yamuna expressway may target F1 track. After Noida and Greater Noida, its now turn of Yamuna Expressway land row to cause worries among thousands of homebuyers. Farmers more than 30 villages, along the  Greater Noida – Agra toll road, the villagers decided to move to Allahabad High Court […]

Real Estate to Feel Rate Hike Tweaks

The RBI’s decision to rise its policy rates, leading to hike in lending rates by banks, will adversely affect the sectors like real estate and automobile. These increases in the policy rates will raise the cost of properties as it increases cost of funds. The RBI’s hiking of the repo rate by 25 basis points […]

Maharashtra Govt. Introduces E-Portal for Building Plans

THANE : In a step that could lift the curtain of secrecy surrounding the process of construction projects, chief minister Prithviraj Chavan on Monday inaugurated a web-based portal for issuing clearances for new building plans. The software of the portal is designed to issue timebound clearances. The commencement certificates has been the preffered project of […]

BAI Suggests Maharashtra Government to Take Up SRA Redevelopment

MUMBAI: In view of the tremendous response received by state-run housing corporation MHADA for its offer of 4,034 houses under different categories, Builders Association of India has adviced the Maharashtra government to take control of the redevelopment of SRA schemes and nominate MHADA, MMRDA and CIDCO as the official agencies for redevelopment of slum. BAI […]

Emaar MGF in Talks with US Realtor to Sell its Under Constructed Flats

This is first real estate huge deal in the NCR, New Delhi based realty major Emaar MGF is in an advanced stage of selling its under-construction 550 flat residential complex Palm Drive which in Gurgaon for Rs 1,000-1,200 crore to New York-based realtor Tishman Speyer. For the stressed Emaar MGF, a joint-venture between Dubai-based Emaar and Shravan […]

17 Commonwealth Games Flats to be Destroyed

NEW DELHI: 17 flats which DDA said were constructed illegally in the upper basement of the Games Village will soon be razed. The developer Emaar MGF have been served the notice by the building department of the Delhi Development Authority to this effect on May 2. The vice-chairman of the DDA, G S Patnaik, said […]

Supreme Court Questioned Sahara about Fund Raising Schemes.

The Counsel for the Sahara group of companies came in for some uncomfortable queries from the Supreme Court on Monday on its appeal against the bar on its recent schemes of raising the funds. Subrata Roy The Securities and Exchange Board of India had first banned two group entitites and their promoters from raising money. […]

Mumbai Rentals Hiked by almost 11%

Rising real estate rates may have resulted in a spiky decline in property  sales, but it has lead to a good growth in rental value in Mumbai and other  metropolitan cities in the country. Mumbai and the outskirts of the city have  seen an 11% growth in rental value in the past year. The figure […]

Delhi Based Hotel Chain ‘Lemon Tree’ to Open 20 Hotels in the Next 2 Years

A Delhi-based high-scale hotel chain, Lemon Tree Hotels, as a part of its strategy to tap High potentials in North, West and South of the country, plans to have at least 20 hotels of the 4-star category. These as per the Hotel chain’s estimate will get operational in two years. This company operates 4-star Lemon Tree and 3-star […]

India’s Brand Capital Hires Real-Estate Manager

The ad-for-equity business, the Brand Capital of publishing group Bennett, Coleman and Co. Ltd., has hired real-estate adviser Knight Frank India Pvt. Ltd to manage its Rupees 5 billion real estate portfolio. “This is the first initiative of its kind where we have taken up such asset management and advisory for a large corporate house,” […]

‘M3M Golf Estate’ in Gurgaon

M3M India Ltd. chains up with Larsen & Toubro, one of the leading construction firms to build their finest luxury residence in Gurgaon which is 7 star to be named as “M3M Golf Estate”..  This project will be constructed by L&T in collaboration with LERA International, the world’s leading consulting firms. The estimated worth of […]

Jaypee Greens Sports City announced in Greater Noida

Photo by Carlos Lorenzo Jaiprakash Associates (Jaypee Greens) have announced the launch of their new project “Jaypee Greens Sports City”, a luxury township with residential and sports facilities, near the Taj Expressway (connecting Greater Noida to Agra). “The Sports City is positioned for everyone who appreciates luxurious surroundings and spaces equipped with sports and recreational […]

Eighth Indus India Property Exhibition Will Be Held In Doha

The eighth Indus India Property Exhibition will be held on 19 and 20 September at Giwana Ball room of the Ramada Plaza in Doha. The exhibition will display some of the leading names in the Indian real estate sector. Some of the foremost builders and housing finance institutions from India would be taking part in […]

FIIs Reduced Investment In Real Estate

BSE reports shows that Foreign institutional investors (FIIs) have reduced their investment in real estate companies, mainly Parsvnath Developers and Unitech by 0.8 and 2 % correspondingly, year-on-year. According to shareholding data available on BSE, the domestic financial institutions and banks have amplified their inevstment in Unitech Ltd by more than 1.5%, while Foreign institutional […]

Jai Corporation To Raise Rs 5,686 Crore Through Venture Capital

Anand Jain-controlled Jai Corporation, an infrastructure company, has raised commitments worth five thousand six hundred eighty six crore rupeees through its venture capital management company’s two funds. Urban Infrastructure Venture Capital, the company’s venture capital company, is the Indian Advisor to UIREF, a Mauritius-based offshore fund that invests in Indian real estate. Urban Infrastructure Real […]

Real Estate Industry Predict Growth

Affected by slowdown and reported corrections in prices, the country’s real estate industry predict growth in the long term despite costly home loans and lack of funding for realty projects. According to a most recent study by Ernst & Young and FICCI on the country’s real estate scenario, about 62% of the respondent developers expected […]

Mid-range Properties Rental In Banglore

Bangalore’s residential rentals in central locations for mid-range properties for second quarter of 2008 have recorded peak values. Mid-range developments are properties quoting rentals between Rs 100,000- 120,000 monthly.

Saffron Asset To Launch Three New Funds

Saffron Asset Advisors, a private equity player, is planning to launch three new funds in hospitality, logistics and infrastructure early on 2010. Ajoy Veer Kapoor, founder and managing director, Saffron Asset Advisors told FE, “We are planning a five hundred million dollar infrastructure fund, and will introduce two hundred million dollar hospitality and logistics funds. […]

REBI Is Planning To set Up 3,000 Franchisees Across The Country

Real Estate Bank India (REBI), is planning to set up three thousand franchisees across the country, with about forty eight outlets in West Bengal in the next few years. Across the eastern region, REBI would open two hundred stores, said Hemant Sikaria, regional head of REBI, on the occasion of launch of two-day expo, Franchise […]

State Government Granted SEZ Status To JSW Steel Plant Project

KOLKATA: The state government has granted to a proposal for granting SEZ status to the JSW steel plant project at Salboni with specific pre-conditions, in addition to which it has approved the acquisition of 3500 acres for Aerotropolis project containing a private airport and real estate at Andal. The Cabinet sub committee on industry agreed […]

ED Suspects Russian Land Mafia Behind FEMA Violation In Goa

The Enforcement Directorate(ED), the agency responsible for investigating economic crime in India, has sought information from the Goa government on all companies that bought properties in the state between 2000 and 2007, as it investigates the role of a suspected Russian land mafia. The agency suspects that some Indian companies that bought large plots in […]

HDIL Will Buy Land To Relocate 80,000 Slum Families

Housing Development and Infrastructure Ltd (HDIL), India’s third largest developer by market value, plans to raise Rs1,000 crore within a year to buy land and relocate 80,000 slum families for the Mumbai airport modernization project. The project will entail the country’s single largest rehabilitation exercise, even bigger than the Dharavi project, which will relocate 55,000 […]

Major Realty Firm Now Bids For National Highway Project

Three large realty firms have placed bids to build and operate stretches of national highways that have come up for auction this year as part of expanding their portfolio to offset a slump in their core business. Unitech Ltd, DLF Ltd and Omaxe Ltd are among several infrastructure companies bidding for the right to build […]

Mahindra and Mahindra Limited Will Invest In Real Estate And It Sector

Kolkata: Although bullish about the investment opportunities in the state, Mahindra and Mahindra Limited does not have any immediate plan to invest here through its regular brands. Any investment here will rather be in the real estate and IT sectors, Mr Anand Mahindra, vice-chairman and managing director of Mahindra and Mahindra Limited said. He was […]

PBEL City In Hyderabad Development Corridor

Mr Anand Reddy, Director of PBEL Property Development India Pvt Ltd, an Indo Israeli joint venture, poses with a model of PBEL City, a township comprising thirteen residential and two commercial towers of nineteen storey each on a twenty eight acre area situated in Hyderabad development Corridor in Rajendranagar mandal. PBEL, an Indo Israeli joint […]