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Mahagun launches luxury housing project in Noida
Posted on Apr 17, 2015

NEW DELHI: Real estate developer Mahagun has announced the launch of a luxury housing project - 'M Collection' -- in Noida. It offers a bouquet of luxury and ultra-luxury homes - villas, villaments, condominiums and penthouses.

Speaking at the launch, Amit Jain, Director, Mahagun, said, "We have been immensely inspired by the Czar of international real-estate, Donald Trump, which in turn has inspired us to develop world-class homes in India. We have, accordingly, launched this unique concept of 'M Collection' to cater to the select group of privileged customers."

Unveiling the collection, Brand Ambassador of Mahagun, Shah Rukh Khan, said, "I am a strong believer that home reflects the persona of the owner and it is the place where your memories are built every day. One must think long-term and be willing to wait for the best to come. M Collection is the ultimate definition of luxury and I am happy to be here unveiling it. It is my pleasure to be associated with the Mahagun group that has endeavored to be a trend setter."

Mahagun also announced the launch of a therapeutic living Manorial - The House of Lords. "This unique address nestled between green parks offers a pristine environment for a healthy living. The project will just be a 10 minute drive from DND flyover and will have all the amenities for a perfect living," said a company press release.

M Collection' is a bouquet of designer homes. The collection presently has about 800 units comprising of villas, villaments, condominiums and penthouses. These eco-friendly homes are being priced between Rs 2 crore - Rs I0 crore, with areas ranging from 3000 sq. feet- 12000 sq. M Collection is being launched at Noida, with ambitious plans for expansion in other metro cities like Bangalore, Mumbai and Gurgaon.


Eiffel Tower at BKC by Kanakia Spaces
Posted on Apr 17, 2015
If not big enough to the size of actual masterpiece, it matches the touch of French elegance and art – our own Eiffel Tower at BKC. Touted as the ‘concrete jungle, Mumbai is fast scaling up with artistic display of creativity and Eiffel Tower at Kanakia Paris is one such initiative. The magic of metal is all set to enthrall Mumbaikars with its fin ...

Shapoorji Pallonji group offers to invest Rs 20,000 crore in Hyderabad
Posted on Apr 17, 2015
HYDERABAD: Chief minister K Chandrasekhar Rao's plans for a state-of-the-art Secretariat complex has received a shot in the arm on Thursday with real estate major Shapoorji Pallonji Group offering to build it.The company also expressed its willingness to construct the mega cultural hub, Telangana Kala Bharathi and a better road network for the city ...

Home loan rates get cheaper, but here's a trick borrowers need to know
Posted on Apr 17, 2015
The real estate industry as expected has gone gaga over these interest rate cuts. Getamber Anand, the president of Confederation of Real Estate Developers Association of India (CREDAI), told The Economic Times: "Single-digit home loan rates coupled with the festive season will surely bring fence-sitters to the market and boost housing demand from O ...

ICICI Bank cuts home loan rates by 25 basis points for all existing and new customers.
Posted on Apr 17, 2015
ICICI Bank, Indias largest private sector bank, has reduced its home loan rates by 25 basis points for all existing and new customers. With this, women as well as applicants from weaker sections will get home loans at 9.85%. The rate will be 9.90% for all others. The reduced rate was effective from April 14, 2015 for new borrowers.The Bank has als ...

IIFL raises Rs700 crore, invests in two Mumbai projects
Posted on Apr 17, 2015
Mumbai: Financial services firm IIFL Group has raised Rs.700 crore for its new residential housing fund, the IIFL Real Estate Fund (Domestic) Series II, and has closed the first two transactions in projects in Mumbai, said a top executive.IIFL, which started raising Rs.1,000 crore in mid-January, will now raise the remaining capital in the next mon ...

SBI expects home loan portfolio to grow by 18% in FY'16
Posted on Apr 16, 2015
MUMBAI: The country's largest lender State Bank of IndiaBSE 0.50 % is expecting its home loan portfolio to grow by 18% and does not foresee any rate wars even as leading lenders rushed to align their home loan rates with that of the leader."We are expecting a growth of 18 per cent in current fiscal against 14.5 per cent in the recently concluded 20 ...

Office space biz climbs out of a rut
Posted on Apr 16, 2015
KOLKATA: The commercial real estate sector in Kolkata seems to be looking up, with an improved absorption rate, in the past few months, bringing some cheer in Bengal's gloomy industrial scenario.Since the last quarter that ended on March 31, 2015, the rate of commercial space utilization has been 10-15% higher every month over the last year. This h ...

DHFL revises home loan interest rate to 9.9%
Posted on Apr 16, 2015
DHFL, a housing finance company in the private sector has revised its home loan rate to 9.90% p.a. with effect from April 15, 2015. Further to the recent announcement made by the Reserve Bank of Indias decision to cut the interest rates, the step taken by DHFL will enable to pass on the benefit to its end consumers. This reiterates the companys v ...

Delhi Prime Location Housing Prices Down up to 20%: JLL India
Posted on Apr 16, 2015
New Delhi: Housing prices in many prime colonies of the national capital have declined by up to 20 per cent since 2013 but the rates were stable in Gurgaon and Noida, according to property consultant JLL India.The Delhi-NCR property market is currently "under stress" and offers attractive valuation for end-users, it said."Residential prices in esta ...

Now, ICICI bank cuts home loan rates
Posted on Apr 16, 2015
MUMBAI: ICICI Bank has matched its lending rates with that of market leader State Bank of India.A week after it announced a 25 basis point reduction in its bench mark base rate the bank said that it will continue to maintain the same spread for home loans which means that women and low-income borrowers will get loans at 9.85 per cent which is 10 ba ...

Mumbai | Stay on regularisation of buildings: Residents pay for violations
Posted on Apr 16, 2015
The Bombay high courts move to put on hold the regularisation of 56,000 buildings has yet again highlighted the rampant violations in the real estate sector.A majority of these breaches are carried out by builders, but it is the residents who are punished in the form of increase tax and property tax, say activists.A division bench of justice Abhay ...

Hero Group to set up real estate project in Ludhiana
Posted on Apr 15, 2015
LUDHIANA: Hero Group today announced its entry into Punjab's real estate industry with its value housing brand -- Hero Homes.The company will set up a housing project, spread over 16.48 acres of land on Sidhwan canal road, here in the industrial town of Punjab."As a group we venture into only those projects that at least one of us in the senior man ...

SBI, HDFC rise 1% post cut in home loan interest rates
Posted on Apr 15, 2015
Shares of State Bank of India and Housing Development Finance Corporation gained 1 percent each intraday Monday after both firms cut home loan interest rates with effect from today.Country's largest lender SBI has reduced interest rates on home loans for new borrowers by 25 basis points (bps) to 9.9 percent and for women borrowers, the revised rate ...

Niranjan Hiranandani says Regulatory Bill Positive, Some Clauses Need to be Re-Visited
Posted on Apr 15, 2015
Mumbai, Maharashtra, IndiaNew recommendations on the Real Estate Regulatory Bill made by the HUPA ministry have been sent to PMO for approval, and the cabinet has approved of the same, said Niranjan Hiranandani, MD, Hiranandani Constructions Pvt. Ltd. (HCPL). “Now, it will be tabled in Parliament for passing the Bill, making it an Act,” he added. “ ...

Home loan rate of 8-9% can trigger real housing recovery: Credai
Posted on Apr 14, 2015
NEW DELHI: Reducing home loan rates to 8-9% can improve buyer sentiment and trigger a recovery in the housing sector, Getamber Anand, the newly elected president of industry body Confederation of Real Estate Developers Association of India (CREDAI), has said."Single-digit home loan rates coupled with the festive season will surely bring fence-sitte ...

After Maharashtra, Kerala to have real estate regulator
Posted on Apr 14, 2015
The Kerala Government on Wednesday recommended to the governor the Real Eastate (Regulatory and Development) Ordinance, which would pave way for the formation of a regulatory authority in the real estate sector.After Maharashtra, Kerala is going to be the second state to set up a real estate regulatory authority. Apart from the regulatory authority ...

Casa Grande launches Masseys in North Chennai
Posted on Apr 14, 2015
Casa Grande, a fast growing property developer from Chennai, has announced the launch of a new residential apartment project at Royapuram in North Chennai. The project, described by the company as the first condominium in north Chennai, will offer 91 residential apartments, comprising 2BHK and 3BHK units.The project will be a one of its kind highri ...

Sobha launches 175 super luxurious apartments
Posted on Apr 14, 2015
Even though the project is located in one of the busiest areas in the Bangalore, it is designed to provide peace and tranquility Sobha Developers, the Bangalore-based listed realty major, has launched Sobha Halcyon, a new super luxury residential project at Whitefield, East Bangalore.Spread across the three-acre campus, the project would have just ...

Legend Group plans to invest Rs 500 cr in Kerala
Posted on Apr 14, 2015
Dubai-based Legend group will commence its India operations by launching the country's first residential apartment project with hybrid natural energy back-up in Kochi.Announcing this here today, the company said Arabian Legend Realtors Pvt Ltd, its Indian arm, was planning to invest Rs 500 crore in the first year and was targeting to build 10 milli ...




Recent Articles
Mahagun launches luxury housing project in Noida
Eiffel Tower at BKC by Kanakia Spaces
Shapoorji Pallonji group offers to invest Rs 20,000 crore in Hyderabad
Home loan rates get cheaper, but here's a trick borrowers need to know
ICICI Bank cuts home loan rates by 25 basis points for all existing and new customers.
IIFL raises Rs700 crore, invests in two Mumbai projects
SBI expects home loan portfolio to grow by 18% in FY'16
Office space biz climbs out of a rut
DHFL revises home loan interest rate to 9.9%
Delhi Prime Location Housing Prices Down up to 20%: JLL India

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