Of these investments, Rs 80 crore is invested in Kumar Properties’ residential project (8 lakh sq ft) and Rs 70 crore is deployed in Naiknavare Developers’ residential project Avon Vista (6 lakh sq ft.).
Nearly 3000 projects worth Rs 1.40 lakh crore at various stages of implementation
Mohota Industries in focus as the company forms a joint venture (JV) for affordable housing project worth Rs 160 crore. In an interview to CNBC-TV18, Kanishka Gaggar, VP-Finance of the company spoke at length about the JV.
Annual absorption of office space in India crossed 42 million sq ft in 2017, signaling continued growth of the segment.
According to a report by property consultant Cushman & Wakefield, PE investments in the realty sector grew 17 percent in 2017 to Rs 42,800 crore as against Rs 36,590 crore last year.
Sector to stabilise in 2018 as both real estate developers and customers become attuned to the changed regulatory scenario
PRL to develop South Mumbai’s largest residential project of over 2 million square feet; to invest Rs 2,600 crore in the development
International audit firm Currie & Brown likely to submit final report within a week
Coverage of PMAY enhanced to include properties in rural areas, industrial belts and rural pockets within SEZs
The sought amount is nearly three-times the amount allocated last year
Next date of hearing set for January 29
Indiabulls Real Estate on Thursday announced that it will acquire a prime commercial building in Gurgaon having a leasable area of 2.5 lakh sq ft for an undisclosed amount.
Drop in sales in 2017 was majorly due to a drop in new launches. 32% of sales in 2016 was contributed by projects launched in 2016 itself.
Sales declined to 2,18,500 units last year in nine cities -- Gurgaon, Noida, Mumbai, Bengaluru, Chennai, Kolkata, Pune, Hyderabad and Ahmedabad -- against 2,63,500 units in 2016, the News Corp-backed PropTiger said in its report.
The letter says that even though the government has passed on a host of concessions to real estate developers with the intent to make housing affordable, builders, unfortunately, enjoy the reductions in cost rather than passing it to buyers
While certain initiatives in 2017 have been a welcome change, there are small steps compared to leaps and bounds that may be required to support the real estate sector
Interestingly, Khan Market, despite registering no change in rental values, moved up by four positions in the global rankings on account of some key global markets facing devaluation in their rentals.
US President Donald Trump’s eldest son, Donald Trump Jr, expected to be in India in the first quarter of 2018
Forty-five-year-old Kiran called police late on Monday night to complain about noise made by his elder brother Yogesh's children, a senior police official said.
The first half of 2017 was a nightmare for Indian real estate. The second half has been only slightly better. According to a Knight Frank report on the second half of 2017, the Indian residential market is going through one of its worst periods this decade. CNBC-TV18's Kevin Lee gives the details of the report.
In case of office market, co-working service providers expanded their footprint collectively picking up nearly 1.3 million sqft of office space
All major cities witnessed a fall in new launches year-on-year with Hyderabad being the worst hit
Orders amicus curiae to set up separate portal for JAL homebuyers. Next hearing on February 5.
The builder, Samir Bhojwani, falsely claimed ownership of the two plots on which the bungalow was built in the upscale Pali Hill area of Bandra, the official said.
The app which also aims to assist brokers in their growth, standardise brokerage commissions across India was launched at India’s first National Convention for Brokers in Mumbai.