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Stressing on the need to build quality, safe and affordable houses for all, Gujarat Chief Minister Vijay Rupani has termed “affordable housing” as an essential requirement in the time to come. “The state government approved 100 town planning schemes in 2018. 400 TP...
Private equity giant Blackstone Group has signed up with listed developer Indiabulls Real Estate Ltd to buy up to 50% stake in two commercial properties in Gurugram. In a stock-exchange filing, Indiabulls Real Estate said that it was parting with the stake at a...
Essex India, a Hyderabad-based prop-tech company aiming to disrupt home-buying and selling process in the residential real estate market, plans to expand its operations to four cities in the next six months. Essex, incubated out of Way2online, leading marketing...
The notification for land acquisition for the new Pune airport in Purandar is not expected anytime soon, Maharashtra Airport Development Company Limited (MADC) has said. Chief Minister Devendra Fadnavis had earlier stated that the land acquisition for the project...
The Greater Noida Industrial Development Authority has approved the extension of phase 2 metro connectivity from Noida Sector 71 to Knowledge Park 5 in Greater Noida. The alignment will consist of total 9 stations with a project cost of Rs 2602 crores, Times of India...
The construction of the Noida International Airport at Jewar will be done on a public-private-partnership (PPP) mode, officials have said. A government order has been issued by the Civil Aviation Department after a nod from the state cabinet. At a cabinet meeting, it...
The Bangalore Metro Rail Corporation (BMRCL) is exploring new ways of earning additional revenue from the 72-km second phase of Namma Metro project being constructed at a cost of Rs 32,000 crore. “There is potential to exploit space in the depots for commercial...
After successfully launching Kaveri — the online portal for property registration and other services — the Karnataka government has started work for the second phase aimed at making sub-registrar offices paperless. The revenue department has taken up the project to...
The total wealth of top 100 real estate barons in India rose 27% from a year ago to Rs 236,610 crore or $32.7 billion in 2018. In 2017, the cumulative wealth stood at Rs 186,700 crore or $ 28.6 billion, reports say. Lodha Group’s Mangal Prabhat Lodha ranked at top...
Although property prices have corrected 10-15% in certain pockets of Mumbai, it is still one of the most expensive cities in terms of real estate prices, as a majority of the apartments cost at least ₹1 crore. However, given the slow sales and most buyers looking for...
India’s central government wants the Reserve Bank of India’s help in increasing credit to the commercial real estate sector. The current liquidity crunch among Non-Banking Financial Companies (NBFCs) has hurt the real estate sector as developers have relied on them...
Debt-ridden national carrier Air India has called for bids to sell the iconic 23-storey Air India Building located at Nariman Point in Mumbai, reports IANS. The bids have been invited by Dec 31, 2018 from state-run companies for the sale of the building and for the...
India’s commercial realty data information and analytics firm Propstack is collaborating with Wharton School of Pennsylvania University to explore new data technologies. The alliance’s initial focus will be on commercial real estate, developer mortgages and...
India’s retail real estate sector is witnessing growing investments by leading private equity funds and institutional investors against the backdrop of policy changes, growing consumer demand, stable economic and political environment, and quality retail real estate...
Demand for working office space is on the rise across Indian cities, an area where real estate investment is picking up. Emerging Trends in Real Estate Asia Pacific 2019, a real estate forecast jointly published by the Urban Land Institute (ULI) and Pricewaterhouse...
Realty major Lodha Developers sold properties worth about Rs 42 billion in the first half of this fiscal and its sales may cross Rs 90 billion in 2018-19 on improved demand for affordable and mid-income housing, a top company official said. Lodha Developers has...
The Mumbai Development Control and Promotion Regulations 2034 (DCPR) initiated on November 13 has come into force after the government sanctioned the Excluded Part (EP) of the plan, reports say. The Mumbai’s DCPR 2034 has been implemented in two phases – the first...
A real estate company that defaulted on its promises to deliver on their promises to house buyers saw their properties worth Rs 32 crores confiscated in Noida. This action has come closely on the heels of two other high-profile default cases involving property...
The first quarter of 2018 has witnessed a 23% year-on-year increase in office space demand, with pan-India absorption recorded at 11.4 million sq ft of, ET Realty reported. With the intensifying office demand, the rental values have also increased in several active...
Housing prices rose in 39 cities during January-March, according to the National Housing Bank’s housing price index NHB RESIDEX. It showed that the highest price growth of 9.4% recorded was in Lucknow during the quarter ended March. It showed that for...
Indian office property market clocked the highest half-yearly leasing transaction volume in six years with 21 million sq ft of space leased across seven major cities in the country in the first half of 2018. The segment showed a robust growth at 13% on-year, said a ...
Realty major Vatika group has announced that it will invest about Rs 8,000 crore to develop a 224-acre township project in Gurugram over the next seven years. It plans to develop 15,000 housing units and 6.5 million sq ft of commercial space in this township project...
Delhi-based real estate developer DLF is reported to be looking for a partner to build new commercial projects on its Rs 1,600 crore land in Gurugram. The realty major is in talks with private equity players to raise funds for developing commercial property on 11.76...
Investment in Indian real estate is a lucrative option as against other asset classes, according to Dr Niranjan Hiranandani, President of the National Real Estate Development Council. Sound regulatory environment, increased transparency and accountability as well as...
There is a rush among Mumbi-based builders to complete projects while customers are preferring to pick up property in the affordable categories. Mumbai-based Wadhwa Group had received occupation certificates (OC) for six projects in the last 18 months. Construction...
Bharti Realty, the real estate arm of Bharti Enterprises, is looking to expand its presence in Delhi and Gurugram markets. It is reported to be in talks with land owners as well as other developers for joint ventures to build new projects worth over Rs 1,000 crore...
Realty developer Wadhwa Group is eyeing revenues Rs 4,000 crores from the first phase of its 450-acre integrated township project under the Navi Mumbai Airport Influence Notified Area (NAINA) in Panvel near Mumbai. This is the first integrated project to be developed...
Realty firm Saha Group will invest about Rs 160 crore in the construction of its new housing project in Noida on 6.25 acre land on Noida Expressway that the company bought from another real estate firm Logix, reports PTI. It would construct 480 units in its project...