Godrej Properties to build new project on Sarjapur Road in Bangalore

Posted on Sep 22, 2016
Godrej Properties Limited, one of Indias real estate developers, said it has acquired a land of approximately 12 acres off Sarjapur Road in South Bangalore to develop a residential housing project of approximately 92,900 sq. mtrs.

The project is located close to the commercial and industrial catchment areas of Electronic City Phase I & II, Sarjapur Road and Hosur Road and also offers good connectivity to Outer Ring Road, Varthur and Whitefield, added the company.

Pirojsha Godrej, Managing Director & CEO of Godrej Properties said, “We are happy to add this new project in Bangalore. Bangalore is a key market for us and we look forward to building a landmark project.”

The company announced the launch of its new residential project on Ghodbunder Road in Thane last month.

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Kolte Patil earns 36% return on Pune real estate project with Portman Holdings

Posted on Sep 22, 2016
Builder Kolte-Patil Developers Ltd said it had generated an internal return rate of 36% on its Margosa Heights project in Pune, which it co-developed with US-based Portman Holdings.“This project sets a unique example of an Indian & an International developer/Investor working in partnership on various aspects of the project to deliver a good pro ...
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Making a right investment in Panvel

Posted on Sep 22, 2016
The right investment Panvel is emerging on the realty map of Mumbai due to its affordable price tag and good connectivity.Whether you have a limited budget or are looking out for a lavish lifestyle, Panvel has a lot of options out there for you. In fact, leading researches show that Panvel has clocked in more traction and more project launches than ...
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Mumbai office rentals to rise

Posted on Sep 20, 2016
Office rentals in Mumbai are expected to grow 11.1 per cent surpassing the growth in London by 2019.According to Knight Frank report, international finance centres such as London, Tokyo and Hong Kong are estimated to post a 4.5-10.3 per cent in office rentals during the same period. Mumbai ranks 11th in prime rental forecast ahead of London, which ...
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Bird Group to open 3 hotels in India mulls acquisitions

Posted on Sep 20, 2016
NEW DELHI: The Bird Group is looking to open three luxury boutique hotels under its brand 'Roseate Hotels & Resorts' in the country and is also considering acquisitions for future expansion.The Group owns and operates four luxury properties - two each in India and the UK."Three hotels are under development in India - Rishikesh, Jaipur and Goa. ...
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Muted growth in rentals in Delhi-NCR in first half of 2016

Posted on Sep 20, 2016
The growth of rentals in the commercial real estate market in Delhi-NCR remained static in the first half of 2016 as compared to first half of 2015, according to a survey by real estate consultant JLL. Among the Delhi-NCR commercial market, while Gurgaon records a slight increase as of 2Q16, Noida sees a decent rise but on a lower base.“At Rs 77 pe ...
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Kotak Realty Fund invests Rs 155 cr in Chennai residential project

Posted on Sep 20, 2016
BENGALURU: Private equity fund Kotak Realty Fund has invested Rs 155 crore in a residential project of a Chennai-based builder Alliance Infrastructure Projects. The transaction marks one of the largest residential deals in Chennai in the last one year.Vikas Chimakurthy, Senior Executive Director, Kotak Realty Fund, said, "The money will be used to ...
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Bird Hospitality launches Roseate Hotels & Resorts

Posted on Sep 13, 2016
Bird Hospitality announced the launch of Roseate Hotels & Resorts.  It includes a portfolio of new and existing luxury hotels that are and will be carefully curated envisaging the best in design, art, hospitality, and personalised service centered on guest experience. With the opening of the Roseate House, New Delhi, the Group owns and ope ...
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Unitech to raise funds to speed up housing projects

Posted on Sep 13, 2016
New Delhi: Facing consumer complaints over delay in project completion, realty firm Unitech today said it will raise about Rs 300 crore from financial institutions and sale of land parcels to complete over 40 housing projects comprising 13,000 flats within the next two years.Unitech said it requires Rs 2,700 crore to complete these 41 pending proje ...
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Madras HC bans registration of unauthorised plots, houses

Posted on Sep 13, 2016
ChennaiIt also directed the inspector general of registration to circulate the order to all registering authorities in Tamil Nadu forthwith.Registering sale deed of houses built on unauthorised layouts will not be possible anymore in Tamil Nadu. The Madras high court on September 9, imposed a blanket ban on registration of sale deed concerning hous ...
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DLF to invest Rs 500 cr on developing IT park in Chennai

Posted on Sep 13, 2016
Realty major DLF will invest about Rs 500 crore to develop an IT Park in Chennai as the commercial real estate market has picked up in major cities.The country's largest realty firm has exhausted its commercial space stock by leasing out over 32 million sq ft. It expects to earn about Rs 2,700 crore rental income in the current fiscal from its port ...
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It's time to plan your home purchase

Posted on Sep 13, 2016
BangaloreEvaluate options and plan now to make the most of the attractive festive season offers.With the festive season on and the major festivals of Dasara and Diwali coming next month, prospective homebuyers who have been evaluating options need to gear up and begin the decision-making process. This is the time when prospective homebuyers get att ...
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Shapoorji Pallonji, Piramal to invest Rs 300 crore in city project

Posted on Sep 13, 2016
MUMBAI: Ajay Piramal's Piramal Fund Management and Shapoorji Pallonji Real Estate Development will pump in about Rs 300 crore in a real estate project launched by Mumbai-based developer Ornate Spaces.The duo, along with Ornate, will construct a 1 million sq.ft residential project titled Grove Towers at Oshiwara in suburban Mumbai. The project manag ...
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Pune realty prices down first time in 5 years:

Posted on Sep 07, 2016
The slowdown in Pune real estate market continues and the sector dynamics are changing at faster pace. Prices of apartments (on a simple average basis) have dropped in relation to the last six months for the first time in the past five years, says Gera Developments Residential Pune Realty Report for December 2015-June 2016.The project launches are ...
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HC stays construction in Sunworld's Vanalika project in Noida

Posted on Sep 07, 2016
ALLAHABAD: The Allahabad high court on Tuesday ordered a stay on any further construction in the Sunworld Vanalika Housing Project in Sector 107, Noida, and directed the developer as well as Noida authorities to file their replies (counter-affidavits) within four weeks.The court also directed the developer to neither sell any flat which has been co ...
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Property investment can beat inflation impact

Posted on Sep 07, 2016
Delhi/NCRInvesting in property helps you beat the effects of inflation and generate high returns, over the long term.Many buy property for themselves to live in. Owning a property gives one a tremendous sense of confidence.You can save on the monthly rent. Also, you are insulated from the annual raise in rent and the possibility of having to vacate ...
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7th CPC boosts sector

Posted on Sep 07, 2016
Delhi/NCRDevelopers and banks are gearing up with fresh launches and schemes, with a focus on affordable housing, to meet the spike in demand for houses expected on the back of the implementation of the 7th Central Pay Commission recommendations, and the forthcoming festival season.The implementation of 7th Central Pay Commission (CPC) recommendati ...
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Rain water harvesting must for buildings on 20,000 sq m

Posted on Sep 07, 2016
Rain water harvesting will be made compulsory in Pimpri Chinchwad for all new residential and commercial buildings with an area of 20,000 sq mt, senior civic officials said. Implementing rain water harvesting for old buildings would be somewhat difficult, they added.The urban development ministry has recently sent letters to all municipal corporati ...
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Urich Grace Infrastructure to launch its 21 acre township ‘Eden Park’

Posted on Sep 02, 2016
Nagpur: One of the leading real estate developers of Central India Urich Grace Infrastructure Private Limited is all set to launch their 21-acre Township – Eden Park, off Wardha Road.The township will be launched on the auspicious occasion of Ganesh Chaturthi. The township will consist of five residency sectors and will be developed in phases. This ...
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It's realty boom time

Posted on Sep 02, 2016
MumbaiSeeking an abode in Mumbai? Times Mangal Parv is your one-stop solution.With the dark clouds of the monsoon hiding in the backyard and the sun shining bright, the mood within the real estate market also seems to have been uplifted. And with the sentiments being optimistic about the performance of the real estate sector, experts are hoping tha ...
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