Category: Property News

Cadbury House In Mumbai To Be Sold For Rs.450 Cr

Cadbury House, the current headquarters of Cadbury India, is expected to be sold for Rs.450 Cr. The confectionery firm has already appointed Cushman & Wakefield for this.

Cadbury India has informed that it will sell its headquarters Cadbury House. The sale deed is to be fixed for Rs.450 Cr. Cadbury House is located on Pedder Road area in Mumbai.

Mondelez International’s Indian wing Cadbury India plans to move to some suburbs where the confectionery firm will gain some better office spaces. The confectionery firm has been operating from Cadbury House for over 50 years. Read More »

Winkworth Widens To India, Set Up Offices In Bangalore

With the aim to widen its presence in India, London based Winkworth has entered into master franchising agreement with Narayanan Soundararajan. The firm will first set up offices in Bangalore.

Winkworth, the London based largest real estate agents’ chain, will extend its presence to India. For this, the firm has entered into master franchising agreement with Narayanan Soundararajan who will run and manage the Indian offices of Winkworth. Read More »

Gateway Apartment, Rs.110 Cr Worth Home of Salman Khan

Gateway Apartment is the luxury residence of Bollywood’s superstar Salman Khan. This apartment is located close to Shahrukh Khan’s home Mannat.

Salman Khan is said to have no craze for residences and apparels. Normally the Bollywood stars spend many crores for decorating their homes. Most of them are said to be competitive in doing this. The Gateway Apartment of Salman is an example to this. Read More »

Housing Projects Incomplete, Home Buyers Affected

Incomplete housing projects are expected to affect the home buyers who have booked apartments in new projects.

As against the expected launches majority of the housing projects reached only the halfway. Home buyers, staring at these incomplete housing projects, become hopeless. The experts say that they will have to wait another one or two more years to receive their booked flats. Read More »

Aurangzeb Narrates Gurgaon Realty’s Growth-Story

Bollywood movie Aurangzeb narrates the growth of Gurgaon Realty. This Bollywood movie is based on this suburban city.

Gurgaon is one of the fast developing real estate markets. This is clearly pictured in Aurangzeb. This latest Bollywood movie is, in fact, based on the growth of power and realty market in this city. Read More »

Foreign retailers to Extend India Entry, JLL

Jones Lang LaSalle reported that the foreign retailers are likely to extend their decision to set up stores in India, for one or two years.

Jones Lang LaSalle India, in its quarterly report Asia Pacific Property Digest, stated that the foreign retailers are likely to extend their decision to enter India by starting up various stores in India. According to the report, India will have to wait one or two more years for their entrance in to the subcontinent. Read More »

Dhoni Gifted Plot Near His New Farmhouse In Kanthitar

M S Dhoni, the captain of Indian cricket team, has been gifted a one-acre plot in Kanthitar, where he is building his new farmhouse.

Indian cricket team captain M S Dhoni has been gifted a one-acre plot in Kanthitar, where he is constructing his new farmhouse. Though the plot is gifted to him by Ratu Maharaj’s heir Lal Gopal Sharan Nath Shahdeo, it is registered as a sale. Read More »

Water Scarcity, Power Shortage Hit Gurgaon

The residents of Gurgaon are now facing acute water scarcity and power shortage. HT-C Fore Survey states that these issues to reach the worst level by 2021.

How people can live without water? It is impossible. Though the property experts may say that amenities and facilities are what determining the prices of a project, the first thing any home buyer will be asking is ample water supply in the project. No one likes to live in an area which faces water scarcity. Read More »

Retail Space Demand to Rise With Foreign Retailers

CBRE reported that the foreign retailers will control the demand for retail space in the near future.

Foreign retailers are planning to set up various stores in India. This will improve retail space demand. As per the report of CBRE, the foreign retailers are focusing on top cities, Mumbai and Delhi remaining their most favorite destinations. Read More »

Project Clearance, MCHI Demands Expert Panels

Project clearance has to be done responsibly and by the experts. Seeking a solution for irresponsible project clearance cases, MCHI sought two expert panels.

It seems that the Thane Building collapse has shaken the builders and developers in Maharashtra. After the incident, it was reported that the project clearance was granted to the builder violating many of the building norms. Read More »

Chris Gayle Made Brand Ambassador Of A Realty Firm

Chris Gayle, the West Indian Cricketer, is made the brand ambassador of a Patna based realty firm. He will endorse the firm.

Patna-based realty firm Agrani Homes has bagged West Indian Cricketer Chris Gayle to endorse their projects. The realty firm has projects in various cities. Read More »

DLF to Raise Rs.2000 Cr Via Selling Shares

Largest developers of India, DLF is planning to sell its shares. The realty major aims to raise Rs.2000 Cr through selling shares.

DLF plans to sell out nearly 81 million shares. Through this, the realty major aims to raise over Rs.2000 Cr. The shares will be sold via institutional placement program (IPP). Read More »

Blackstone Plans to Purchase Express Tower

The PE giant Blackstone plans to buy Express Tower. The group’s Indian headquarters is in this commercial tower.

Blackstone, having assets worth over $210 billion, is ranked as the largest private equity firm in the world. The group has investments in many countries including India. Read More »

Realty Market in Kota Boosted By Coaching Centers

Realty market in Kota receives a great boost from the coaching centers. The students who come to stay in the city for the medical and IIT coaching demand mainly studio and single bed room apartments.

Kota is witnessing a good demand for 1 BHK apartments and studio apartments. While most of the students who come to the city for study purpose stay in various hostels, the number of those who stay in rented homes is never less. Whatsoever, this is considered as a good sign for the realty market in the area. Read More »

Realty Developers Seek More RBI Rate Cuts

Recently Reserve Bank of India has cut its rates by 0.25 per cent. However this has not satisfied the realty developers, who say that the rate cut is insufficient to boost home sales.

Reserve Bank of India has recently cut its rates by 0.25 per cent. Though the realty developers welcomed the RBI move, they added that the cut is insufficient to boost home sales. Read More »

Mumbai Developers Launch New Projects at Lower Rates

With the aim to attract more buyers, Mumbai developers are now launching their new projects at lower rates.

Sluggish realty market and weak home sales have affected Mumbai Developers severely. This has forced them to launch their new projects at comparatively lower rates than the existing prices. Read More »

Weak Home Sales Fail to Halt Price Hikes

Property prices are still rising despite the weak home sales. The last quarter witnessed fall of home sales and rise of property prices.

Sky-touching home prices have hurt the sentiments of buyers, keeping them away from buying. Though this, the higher property prices, have caused the fall of home sales, still the prices are shooting up everywhere. Read More »

Construction Sector Affected By Water Shortage

Water, without any doubt, is one of the most important materials for construction sector. If there is no sufficient water, the construction is not possible.

Approximately two to three lakh liters of water is daily used for the construction of a single project. Now you can think how important water is for construction sector. In case if there is no water, no construction will be possible. Read More »

Mannat of Shahrukh, among the Priciest Homes

The home of Shahrukh Khan is Mannat. It is one of the most expensive homes in the subcontinent.

Shahrukh Khan, popularly known as King Khan, is called the Badshah of Bollywood. If he is called King (Khan), then his home must be nothing less than a palace. Thus he has bought a home, Mannat which perfectly suits his status and image in the film industry. Read More »

Shopping Malls to Replace Vacant IT Buildings in Chennai

Gaining the permission from Chennai Metropolitan Development Authority developers are planning to convert the vacant IT buildings to shopping malls.

Considering the petitions filed by the builders who have vacant IT buildings, Chennai Metropolitan Development Authority finally granted permission for converting them into shopping malls. This could have made the developers breathe air of relaxation. Read More »

Rising Skyscrapers boost elevator industry

Construction of skyscrapers is suggested as the sole option for meeting the increasing housing demand. Although it is suggested in view of meeting the housing demand, many other industries like elevator industry are boosted by this.

According to the developers as well to the experts, skyscrapers are the best option for meeting the housing demand. The land has become a rare material. In most of the cities there is no more land available for residential development. Read More »

Supertech to launch project with Disney interiors

Disney interiors will remain the key feature of a project by Supertech. The real estate developer has already tied up with Disney India for the project.

Supertech has started construction of an ultra-luxury residential project. However this project will be entirely different from other super end projects of Supertech. Read More »

House of Patels to develop luxury project in India

Dubai based real estate developer group House of Patels plans to develop a project in the land which he owns in India. The project may most probably be a high end residential project or a five star hotel project.

Top end luxury projects are demanded at all times. This would be what made House of Patels to think of developing a high end luxury project in India. Read More »

Land Acquisition Bill Likely to Hike Property Prices

The industry fears that the new land acquisition bill will rocket the property prices up. This will affect the affordable housing segment very badly.

Land acquisition bill recently received the consensus of all parties. This was after the bill has undergone vast changes and amendments from its first form. Read More »

Shopping Malls see increasing vacant space

Vacancy rate in shopping malls is moving upward. Industry experts say that this is because of the indiscriminate launches of new shopping malls.

According to some recent reports, vacancy rates in shopping malls have reached almost 30%. The mall owners are now finding it hard to gain takers for the vacant space. Read More »