Lodha Group taps ultra-rich through 'The Reserve'

Posted on Jun 23, 2016
PUNE: Real-estate developer Lodha Group has announced the launch of its ultra-luxury property 'The Reserve' near Pune-Mumbai expressway.

Terming it "a weekend destination" for people in higher-income group, Prashant Bindal, chief sales officer of the Lodha Group, said: "The Reserve at Lodha Belmondo has given a substantial impetus to demand within Mumbai and Pune. On construction front, we are already at an advanced stage with various amenities like a private theatre, swimming pool, games room, fully equipped gymnasium and juice bar among others. We are now working towards completion of the golf course within few weeks with other lifestyle amenities."

Other things on the premises include multi-purpose courts for sports, a full-sized cricket ground, an organic farm, amphitheatre and a helipad.

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Bharti Realty announces commercial space at Pavilion Mall

Posted on Jun 23, 2016
Real estate firm Bharti Realty Limited on Wednesday has announced the unveiling of its state of the art premium commercial space situated at its Pavilion Mall, Ludhiana. Pavilion Mall is located at Fountain Chowk, which is considered as the heart of Ludhiana and is among the best destination for shopping and entertainment needs in the city.The prem ...
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Aadhar Housing Finance expects over 70% growth in Bengal

Posted on Jun 23, 2016
Aadhar Housing Finance is expecting over 70 per cent surge in home loan disbursements this year in West Bengal following implementation of the Housing for All by 2022 and Smart City projects.The company CEO Deo Shankar Tripathi said the eastern region has witnessed a healthy rise in demand for affordable housing in the last few years.“We expect thi ...
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Indian Residential Rental Market Is Ripe For Innovation

Posted on Jun 23, 2016
Indias residential retail market is unorganised, which means it is run entirely by individual homeowners, rather than real estate companies.Given the fragmented nature and inherent inefficiencies in the rental market, builders in India tend not to traditionally build an apartment complex for the future rental yields, but to sell. So much so, that ...
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LDA cuts down min area for flats, may come up in 300 sqm

Posted on Jun 22, 2016
LucknowLucknow Development Authority has decided to reduce land limit for building flats from 2,000 square metres to 300 square metre, enabling the authority to regularise several apartments mushrooming in residential areas without following building norms and to make optimum use of land available in the city,LDA has been pressing for this policy c ...
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Rajasthan Housing Board looks to jack up reserve prices of land as real estate business struggles

Posted on Jun 22, 2016
Jaipur: At a time when there is no hope of revival of real estate market, the Rajasthan Housing Board (RHB) is planning to increase the reserve prices of its land.Proposals to increase rates have been called from all the circle offices in this regard. If the proposals are accepted, rates of under constructed houses will shoot up in the state. "The ...
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How startups are changing trends in commercial real estate

Posted on Jun 22, 2016
Umpteen start-ups are coming up in India each day, which is naturally the best time for real estate to rejoice. Be it big or small, most of the start-ups do look out for office spaces sooner or later. These emerging business enterprises have immense potential and who knows how big they can grow in next to no time. Who would have thought of Flipkart ...
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Bengaluru lags in residential green buildings due to lack of awareness

Posted on Jun 22, 2016
Builders avoid norms due to costs involved even as corporate tenants seek sustainable spaces to meet global policiesIn the global effort to minimise effects of climate change by drastically reducing greenhouse gas emissions buildings can play a vital role, says a World Bank report.However, a recent study compiled by Vestian, along with ASSETZ (both ...
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Fundraising Chill: India Private Equity Deals Drop 36% In The First Five Months

Posted on Jun 20, 2016
Last year's private equity boom appears to have tapered off dramatically in the first five months of this year, with May clocking as the slowest month, both in terms of deal value and the number of deals.According to data by VCCEdge, PE activity in terms of deal value in the first five months this year added up to $6.2 billion (Rs 414 billion), or ...
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Real estate projects in Gurgaon under scanner

Posted on Jun 20, 2016
Delhi/NCRConcern over increasing number of complaints against real estate developers, Haryana chief minister Manohar Lal Khattar on June 16, directed to seek status of projects of the developers who have been given licenses in recent past for developing residential and commercial projects.After listening to the complaints of home buyers at district ...
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Allotment of plots to farmers from June 20

Posted on Jun 20, 2016
HyderabadBringing down the curtains on the uncertainty surrounding distribution of plots to farmers, chief minister Chandrababu Naidu said the process of allotment of plots to farmers who offered lands for Amaravati will be taken up from June 20.He said the exercise will be kicked off from Nelapadu village. Sources said Nelapadu was chosen as it wa ...
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Private equity deals dry up, investments in India ease to 3-year low

Posted on Jun 20, 2016
New Delhi: Private equity (PE) space turned off-colour in May as PE investments slid to a three-year low due to absence of sizeable amounts, says a report.According to Grant Thornton, the global advisory, tax and assurance firm, there were 71 PE deals worth of $518 million clinched in May while it was 68 transactions worth $1,248 million in the sam ...
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Sumer Group Announces the Launch of Trinity Vertical

Posted on Jun 14, 2016
MUMBAI, June 9, 2016/PRNewswire/ -- Real estate giant, Sumer Group announces the launch of Sumer Trinity Vertical. This grand 50 storey tower has been designed for luxurious living with 1,30,000 sq.ft. of lush landscaped gardens. Vertical, which is currently under construction, is the third tower to be added to the project while the earlier two wer ...
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60,000 affordable homes to come up in Haryana

Posted on Jun 14, 2016
The slow real estate market, which barely had new launches, threw up a surprise this year. Affordable housing pushed up numbers. There was some activity in the market due to projects launched under the Haryana governments Affordable Housing Policy 2013. Prominent developers who are coming up with about 60,000 units under the schemes are Adani Real ...
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Thane, a realty tale

Posted on Jun 14, 2016
MumbaiWhat gives Thane an edge over its counterparts? Equipped with good commercial, residential and social infrastructure along with excellent connectivity to the rest of Mumbai, Thane and its crown jewel, Ghodbunder Road are redefining the realty scene.The story of the destination development of Thane would be in complete without the mention of G ...
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Noida residential land rates hiked by 14.19%

Posted on Jun 14, 2016
Residential land rates in Noida are set to go up.New Okhla Industrial Development Authority (NOIDA) Board at its meeting held on Thursday gave approval for a 14.19 percent hike in land allotment rates.All land rates are rupee per square meter.Commercial land rates were, however, not hiked.Residential land rates in category E newly-developed sectors ...
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Home prices set to fall Mumbai, Pune, Delhi set trend

Posted on Jun 14, 2016
With consumer sentiment subdued, builders are finding it hard to sell apartments, suggesting prices could correct a fair bit.Market watchers say there are few takers for homes — especially high-end ones — even if these are ready to be moved into. An assessment by Colliers India notes, “Huge available inventory and new upcoming supply is undermining ...
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Luxury apartments in Delhi-NCR: Are they worth investing amid slowdown

Posted on Jun 14, 2016
Are you are thinking of investing in luxury apartment in Delhi-NCR? Experts believe the slide in prices, along with discounts on offer, makes for sound investment decision. They further added that waiting for prices to come down further may not be wise.“In the last few quarters, there is stagnation in prices with increasing discounts and incentives ...
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Parinee Group to unveil new luxury residential project ‘Essence’

Posted on Jun 08, 2016
Real estate firm Parinee Group is all set to launch an Uber-luxury residential project called ‘Essence. The project will offer 1/2/3 BHK and each floor will consist of four apartments.According to the company “Essence offers grand interiors with features like Intercom facility in each apartment, Good quality hardware fittings, Electrical connectio ...
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Rates cut 1.5%, banks passed on only 1/3rd to home loans

Posted on Jun 08, 2016
NEW DELHI: The Reserve Bank of India has cut key policy rates by 1.5 percentage points since January 2015 to signal lower interest rates in the economy, but home loan borrowers have got only around one-third of the benefit.This may force RBI governor Raghuram Rajan to hold off on a fresh cut next month, especially with inflation and global petroleu ...
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