Tag: Mumbai

Anand Rathi and Knight Frank Eye $100M in Second Realty Fund

Anand Rathi Financial Services and property consultancy Knight Frank India are planning to launch their second real estate fund by end of this months and looking to raise around Rs 500 crore (~$100 million). Unlike its peers who are hitting foreign shores to raise new funds, the joint fund rental yield and appreciation portfolio (RYAP) fund will be […]

Commercial Realty in Mumbai Offers Big Opportunities

The number of high net worth investors (HNIs) and corporates seriously looking to invest in Indian office space has increased manifold in the last few years. Mumbai continues as India’s numerous office space investment destination, with companies from all over the world unerringly zeroing in on the financial capital. As South Asia’s only true financial […]

Bangalore: All about Office….Office.

While demand for residential space was mostly sluggish in 2011, demand for office and retail space remained healthy in Bangalore. The market for commercial space is estimated at 50 mil sq. ft. across the country. The average yearly absorption rates in Bangalore and NCR are about nine mil sq. ft. While six mil sq. ft. […]

JLL: Residential real estate market is set to appreciate in 6 months.

Jones Lang LaSalle India, a global research firm in the real estate sector, says that prices of residential units in India in the next six months should witness marginal appreciation. JLL says: “Over 60% of residential launches in the Top 7 cities (mostly in cities other than the NCR and Mumbai) are priced in the range of Rs […]

Hindustan Unilever Ltd sells leasehold rights for Mumbai property for Rs 452 cr.

FMCG major Hindustan Unilever Ltd (HUL) on Wednesday said the company has sold its leasehold rights of a property in Mumbai for Rs 452.5 crore to Ajay Piramal Group firm Piramal Realty. HUL and entities of Piramal Realty have signed an agreement for assignment of HUL’s leasehold rights of the land and building named ‘Gulita’ […]

The Realty Confusion: Mumbai offers little hope for home buyers.

Buy or not to buy? Despite a profusion of analyses and research reports on housing prices and their future direction, home buyers remain as confused as ever. So it is little wonder that 37 lakh of flats remain vacant in Maharashtra, of which 4.79 lakh are in Mumbai. The Census Directorate data says that even Thane district has more than 5 lakh […]

Indian Realty Tycoons struggles for U.K.’s Marriott Hotels.

The race to acquire 42 Marriott hotels in the U.K. put up for sale last year by the Royal Bank of Scotland seems to have entered a crucial stage. After attracting a host of potential investors, the three bidders in the final lap are reportedly all property groups with Indian connections. Until now, the front-runner […]

Bangalore Real Estate Sector may see 25 per cent growth.

The real estate sector in Bangalore has grown to a large extent in the past one year. In the year ahead, the city’s realty is expected to grow by 25 per cent, estimates the Karnataka Chapter of the Consortium of Real Estate Developers’ Associations of India. Sushil Mantri, president, CREDAI Karnataka said “We are expecting the […]

Realty sector firms with Mumbai exposure hit by duty hike.

Reuters Market Eye – Shares in real-estate companies with sizeable exposure to Mumbai fell on Monday after newspaper Times of India reported the state government of Maharashtra was planning to increase stamp duties in the city by as much as 160 times for residential and commercial properties. A real estate analyst with a Mumbai-based brokerage […]

Real Estate is one of the Most Profitable Investments.

Market study says, prices of residential real estate have increased in the last one year and is going to be the same in coming future which means buying flats close to commercial areas will help the investors to get good return due to the high rental income. Executive director of KDP Infrastructure, Tanuj Goel said: […]

Hong Kong to have Indian Real Estate Exhibition

Indian real estate industry is growing day-by-day in both commercial as well as residential sectors. At present, buying property in India will be an excellent investment. This is a two day exhibition which will give a proper overview of the real estate sector which will be helpful to those who want to own or invest […]

End of realty recession

As the phase of recession is towards its end, an increase in demand of commercial real estate projects, including both office and retail space has been witnessed by firms and retailers. The executive director for development services at consultants Cushman and Wakefield India, Ravi Ahuja said that in many cities including Mumbai and Delhi-National Capital […]

Affordable housing in Mumbai

In order to provide affordable housing to the Economical Weaker Sections (EWS) of society, MHADA, The Maharashtra Housing and Area Development Authority plans to buy land at market price and develop some houses. Gautam Chatterjee, Vice-President and Chief Executive Officer of MHADA stated in a conference that MHADA is lacking in land due to which […]

Indiabulls flourishing after winning Bharat Mills bid

After winning the bid of NTC’s defunct Bharat Textile Mills in Worli, Mumbai, for Rs. 1505 cr, Indiabulls Real Estate shares have raised by over 3 %. Last Friday, the bid for Bharat Textile Mills closed and the winner was Indiabulls Infraestate which won by just Rs. 2 cr. On the Bombay Stock Exchange, the […]

A word to Small Investors

When the right time to enter into realty is is a kind of intuitive decision and can’t actually be described in words- it is more or less based on judgment considering the past facts. As per the present scenario, it would be good for the small investors to wait for around 8 to 1o months […]

Residential Project launched in Mumbai

Borivli, in Mumbai’s western suburb is to be gifted with a residential project brought by Gitanjali Gems Ltd who is the leading diamond jewelery manufacturer and retailer. The project is spread over an area of 400,000 sq ft. the project consists of two similar wings residential towers having 28 stories each with ultra modern amenities […]

Manufacturing Companies entering Realty Market

The shining real estate market in India has now attracted even small as well as medium scale manufacturing companies. In fact, around 6 to7 companies have even announced real estate projects either with partners or monetized their prime land assets. Some of such companies are: Textile company Arvind announced a residential complex across an area […]

Real Estate Provides Assured Returns

The realty prices in cities like Delhi, Mumbai or even some of the smaller tier II cities, like Jaipur or Coimbatore, have shown a remarkable increase over the past few years. This growth has proved the advice of Mark Twain, an American author, that ‘Buy land, they are not making it any more’. There is […]

‘247Park’ is HCC’s focus

Hindustan Construction Company (HCC) which is country’s leading construction firm has declared that it will soon strip its stake. The firm revealed the fact that it will divest its major proportion of investment, i.e. 74% of its stake in various other projects. At present, the firm’s focus is the project called ‘247Park’. This project lies […]

TOI Organised Real Estate Exhibition

A real estate exhibition has been organized in India which starts from tomorrow in Doha and is a two day showcase. This exhibition is organized by the Times of India newspaper. The venue of the exhibition is Regency Halls near Mall Roundabout. The exhibition guarantees showcase of the best real estate options available across India […]

World’s Tallest Residential Tower in India

Since the home prices continue to surge in the financial capital of the country, one of the leading real estate developers of India, Lodha Developers have come up with the tallest residential tower in Mumbai. For the financial support, Lodha is negotiating with foreign as well as local financiers. A banker informed that the Lodhas […]

Demand for Luxury Homes at a High Pace

After a year, the realty market seems to be overwhelmed with the comeback of the demand of luxury homes. Apart from the prime locations like Bangalore and Mumbai, the tier-II or tier-III cities, such as Nagpur and Ahmadabad are also witnessing remarkable growth as far as luxury homes are concerned. Within just six months, these […]

Textile Firms Trying to Enter Realty

Since the land rate are rising and realty seems to be the most profitable market, many of the top textile firms are also attracted to this business and are thus generating additional revenue streams by developing or selling precious real estate. Some of such firms are Provogue India, Century Textiles & Industries, Bombay Dyeing & […]

Most Prominent Land Deals in India

Since now days, land is the most promising resource, the developers are ready to pay any price just to get into the realty business. Here are some of the major deals in the field of land: The Lodha developers had a deal of Rs 4,053cr for a plot of 25,000 sq mts. The sq per […]

Realty Expo 2010 Scheduled in Dubai

Photo by on Vacation ModeOne of the most prominent bodies of realty developers and builders, Maharashtra Chamber of Housing Industry (MCHI) has planned to showcase the phenomenal work of Indian builders in the field of property in the 13th India Realty Expo 2010. This expo is scheduled from 3rd to 5th June, 2010 in Dubai, […]