Real Estate News - Page 19
Smart cities will be more than IT; govt working on features
Finance Minister Arun Jaitley in Budget 2014-15 had announced developing 100 smart cities as satellite towns of larger cities and by modernising the existing mid-sized cities.<br />
RBI's affordable housing boost is advantage builders: How black money is the real winner
The RBI's new norms is expected to ease credit for affordable housing but here's what it is likely to mean for the sector. <br />
Lavasa to Lodha: Is the revival in real estate IPOs for real?
Even though Lavasa Corporation may have set the IPO wheel rolling, execution skills of the developer, his track record, visibility of earnings and the demand and price sustainability is what can prop up the realty market. And with investors demanding that IPO candidates hold a sizable number of assets and not too much debt, realty companies are in for a tough ride.
HDIL sells multiplex biz for Rs 105 cr, to focus on slum rehab projects
Mumbai-based realty major Housing Development and Infra has sold its multiplex business HDIL Entertainment, which runs 33 multiplexes under the brand name Kulraj Broadway, to Carnival Films for Rs 105 crore as part of the group's strategy to exit non-core business and reduce its debt.<br />
Default fears: Why home buyers are paying 'hefty premiums' for ready possession homes
For your immediate need, it makes sense to go for ready-to-move-in homes and these are best for end-users who are already burdened with home rent
Looking to buy a home? Keep your fingers crossed; Modi's infra push can jack up prices
While it is clear that economic recovery requires correction in prices, it remains to be seen if Modi's thrust on infra alone can achieve the same or rather spell more doom for the aspiring home buyer.<br />
In stratosphere: Home prices in Navi Mumbai, Thane shot up 85% in last 5 years
If you were hoping that property prices will finally correct in 2014, think again.
Parsvnath Developers plans to raise Rs 1000 cr through sale of land parcels
The funds raised from divestment would be primarily used for debt reduction.<br />
PMO wants to turn Homi Bhaba's bungalow, auctioned for Rs 372 cr, into museum
The Centre informed the Bombay High Court on Monday that in the public interest it was considering whether to take over the Mehrangir bungalow of late scientist Homi Bhabha at Malabar Hill in south Mumbai for converting it into a museum.
Mumbai metropolitan region emerging growth centre for realty, finds CBRE
The Mumbai Metropolitan Region (MMR) is a metropolitan area consisting of the metropolis of Mumbai and its satellite towns.<br />
Campa Cola: MCGM starts disconnecting electricity, water supply
After backing out from their stand of prohibiting the entry of MCGM officials in the compound, the residents, following the intervention of Maharashtra Chief Minister Prithviraj Chavan, had yesterday apologised to the civic body for the inconvenience caused to them.<br />
Campa Cola: BMC to disconnect power, water today as residents relent
The residents have also written to President Pranab Mukherjee hoping for a presidential "pardon"
Campa Cola face-off continues: MCGM says may use force to enter
Municipal Corporation of Greater Mumbai (MCGM) officials reached the housing complex in the plush Worli area of south Mumbai and for the third day today were seen trying to convince the residents to let them perform their duties.<br />
How the demolition of flats in Campa Cola compound is targeting the wrong persons
There is no doubt building and municipal laws have been broken by the developer of the property, probably in cahoots with municipal officials and crooked politicians. This is how the illegal floors got built. So, purely from a legal point of view, there is no doubt that the illegality must be ended by razing these floors.<br />
Campa Cola demolition: Residents block civic officials, performs 'havan' to save their homes
Mumbai municipal officials today descended on the posh Campa Cola society to cut off essential supplies to the illegal flats but are facing stiff resistance from the residents, who have blocked their entry by locking up the gates and forming human barricades.
Connaught Place 8th most expensive office place globally, Mumbai's BKC 16th
According to CBRE's semi-annual Global Prime Office Occupancy Costs survey, London West End's topped the list with overall occupancy costs of $277 per sq ft a year.<br />
Godrej family buys Homi Bhabha's iconic bungalow at auction for Rs 372 cr
'Mehrangir', the iconic bungalow of Homi J Bhabha, father of India's atomic energy programme, was on Wednesday sold at an auction for Rs 372 crore, despite demands to turn it into a museum.
Get this: Internet influencing Indian real estate decisions worth $43 bn
The overall influence of Internet on real estate transaction value of both residential and commercial property including rentals amounts to $43 billion ($31 billion for residential and $12 billion for commercial), he added.<br />
Mumbai civic authorities to film Campa Cola demolition
Seven buildings of Campa Cola Housing Society in south Mumbai were constructed between 1981 and 1989. The builders had permission for only six floors, but one of the buildings 'Midtown', has 20 floors and another 'Orchid' 17.<br />
Dear Modiji, here are 5 ways you can bring acche din for home buyers
There are many things that the Modi government can do so that home prices start to mirror the actual demand from people looking to buy homes to live in.
Metro railway to be game changer for Mumbai realty, says Jones Lang LaSalle
Areas which would benefit from metro connectivity have already seen a price appreciation of 400 percent over the past eight years, and this trend is set to continue with the metro railway link's imminent launch, he said.<br />
Civic authorities prepared to use force if Campa Cola residents resist demolition
The apex court had yesterday dismissed the resident's petition to stay the demolition of their flats till the court decides on a curative petition filed by the residents.<br />
Realtors unhappy with RBI policy, seek cut in interest rate to boost housing demand
RBI today left key rates unchanged and unlocked about Rs 40,000 crore of funds by reducing the amount of deposits that banks are required to park in government securities.<br />
Campa Cola demolition: SC dismisses residents' plea against eviction order
The bench also rejected the submission that at least the illegal flats be not demolished till the time apex court decides the curative petition of residents association in the case.<br />
How reverse mortgage works and why it hasn't worked in India
One of the myths about a reverse mortgage is that one loses one's home at the end of the mortgage term.
Campa Cola residents hope 'achche din aane wale hain', want Modi to save their homes
The residents are of the hope that Prime Minister Narendra Modi, who took charge of his office early the same morning, would save their homes.
UAE-based NRIs prefer Mumbai over Delhi, Bangalore for realty investments
More than 14,700 NRIs from across UAE participated in the survey. <br />
Modi Sarkaar may bring reforms in realty sector, but expect rents to rise soon
Rentals for office and retail spaces are expected to increase in the coming quarters on the back of rising demand, according to a survey by RICS.