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Nitesh Estates Acquires Pune Shopping Mall for Rs 250 crore
Posted on May 19, 2015

Bangalore based premium property developer; Nitesh Estates announced its entry into the Pune market. With the acquisition of 1 million sq. ft., the Koregaon Park Plaza Centre an A grade shopping mall, spread over 6 acres in prime upscale locale of Koregaon in Pune, Nitesh Estates has achieved yet another milestone in its decade old presence in India. With this acquisition the Nitesh Estates shopping mall portfolio is now 2.2 million sq. ft. They are currently developing 1.2 million sq. ft. shopping mall in the upmarket locale of Indiranagar in Bangalore.

The Koregaon Park shopping mall can accommodate 130 retail stores, an extensive food court and can house around 1000 cars in the parking space. The mall already has a PVR cinema with 7 screens and Spar supermarket along with brands like Tommy Hilfiger, Collective, M.A.C, Calvin Klein, U.S. Polo Assn., Swarovski and Crossword.

Ashwini Kumar, Executive Director & COO, Nitesh Estates said, ďOver the years, Pune has emerged as an important real estate market. We are delighted to acquire this top quality asset and build our shopping portfolio. Koregaon Park shopping mall is undergoing a refurbishment and will soon sport a new food court in addition to fine dining restaurants. The changes will take place while the mall remains operational. Nitesh Estates plans to bring their legacy of design driven and cutting edge facades fashioned by one of the best architects for the mall makeover.Ē

Property prices rise 10% CAGR in 4 years
Posted on May 19, 2015
According to Reserve Bank of Indias (RBI) All-India Residential Property Price Index, in the past 19 quarters, the housing market has witnessed an upward trend in prices. It was released on 7 May along with the survey, Recent Trends in Residential Property Prices in India: An exploration using housing loan data. The realty index showed a compounde ...

CHD launches CHD Resortico
Posted on May 15, 2015
CHD, one of the leading Real Estate developer in Northern India today announced the launch date of its forthcoming project ďCHD ResorticoĒ on 15th May, 2015. Strategically located with just 10 minutes drive from the thriving city of Gurgaon, CHD Resortico features reasonably priced Smart One Bedroom Serviced Apartments, for the young and agile. The ...

Ishanya: Mall for Home Interiors & Design
Posted on May 15, 2015
Ishanya - India's 1st & largest revolutionary concept destination mall for Home Interiors & design, is an incredible fusion of home, fine dining, entertainment, events, art and culture. Spread over an impressive 6,00,000 sq. ft, Ishanya is truly a work of art in terms of its architecture & structure. With an assortment of over 50 internationally es ...

Prahladnagar: A commercial and residential hub
Posted on May 15, 2015
AhmedabadAhmedabad, traditionally well-known as the educational hub in the country, is now emerging as an ultra-progressive commercial destination in the state.As a result, the real estate of Ahmedabad is certainly on an upswing with the growth of industrial activity in and around the city.Not only the commercial but the residential realty market i ...

Housing price inflation declines to 4-year low: RBI
Posted on May 15, 2015
Housing price inflation has slipped to nearly four-year low to below 4 per cent, a survey by the Reserve Bank said on May 7. It said that housing prices rose by 61 per cent during the last four and half years, with Jaipur recording the highest growth of 78 per cent. These findings are based on a RBI survey covering transaction level data on housing ...

Boom in commercial realty
Posted on May 15, 2015
The commercial segment holds scope for both capital appreciation and regular income through monthly rentals.With a stable central government, outlook for the real estate sector looks positive once again, and has resulted in a renewed sense of confidence. However, escalating residential property prices, low appreciation levels and increasing risk at ...

Home loans business boomed in FY15
Posted on May 15, 2015
CHENNAI: A revival in economic sentiment, rising income levels of borrowers and cooling property prices have resulted in mortgage lenders reporting double-digit growth in disbursements. Take HDFC, India's largest mortgage player. The lender has witnessed 16% growth in individual loan disbursements last fiscal, with the average home loan ticket size ...

Is buying a property in Bhiwadi a good idea?
Posted on May 15, 2015
Though many buyers interest in Bhiwadi comes from Delhi NCR, we cannot say that the entire national capital and its suburban areas are convinced in investing in Bhiwadi. There are many reasons to why making an investment in Bhiwadi seems a good idea.Click here to know what housing options are available in Bhiwadi?The region seems to be capitalisin ...

Mumbaikars prefer Parelís residential properties
Posted on May 15, 2015
MumbaiAny housing locality close to south Mumbai, has become a raging choice of residence for Mumbaikars. Parel is no exception. However, Parel stands out from the other residential areas for its interesting mix of pocket-friendly rental accommodations on offer, new housing options, amenities being provided, good connectivity and an established soc ...

Right time to buy premium houses in Hyderabad is now
Posted on May 14, 2015
Hyderabad is touted to be one city that offers luxury housing within an affordable range. Add to that a healthy stock of premium properties in the market, and it seems a perfect setting to finalise your dream home in the city.Have you been looking for a home in the premium segment in Hyderabad? Well, this might just be a good time to end your wait ...

Real estate stakeholders sentiment continues to fall: FICCI-Knight Frank
Posted on May 13, 2015
NEW DELHI: Developers across the top six cities of the country--Mumbai, NCR, Bengaluru, Chennai, Hyderabad and Puneóare continuing to restrict new residential project launches because of an oversupply situation over the last 8 quarters, said Samantak Das, chief economist and director research at property advisory firm Knight Frank India.New launche ...

Bank of India cuts lending rate by 0.25%
Posted on May 07, 2015
State-owned Bank of India today reduced the base rate or the benchmark lending rate by 0.25% to 9.95% which will make auto, home and other loans cheaper.The new rate will come into effect from May 4."The Bank has decided to reduce its Base Rate by 25 basis points to 9.95% (from existing 10.20%) w.E.F. May 4, 2015," the Bank of India said in a BSE f ...

Emerging localities good for investors
Posted on May 07, 2015
BangaloreA property works best as a long-term investment option. Increasingly, property is being viewed as a must-have asset in a portfolio targeting long-term capital gains.Most high net worth individuals have for long planned property as part of their investment basket. It is also recommended as a wealth building option that comes in handy as a p ...

Godrej Properties plans to launch 14 projects in FY16
Posted on May 07, 2015
MUMBAI: Godrej Properties, the real estate development arm of the Godrej Group, is looking to launch a total of 14 projects during the current financial year ending March 2016, said a top official of the company."These new launches will be across the country with main focus on Mumbai and National Capital Region," Pirojsha Godrej, Managing Director ...

Maharashtra government mulls legislation to block profiteering from SEZ land sale
Posted on May 07, 2015
MUMBAI: The Maharashtra government will soon introduce a special legislation to deter companies that have been allotted land under the SEZ Act for industrial activity, but have done nothing so far, from selling the land at a higher price.Termed 'SEZ Prevention of Land Speculation Bill', which is likely to come into effect in six months' time, will ...

Ashiana Housing launches project in Sohna
Posted on May 07, 2015
NEW DELHI: After delivering over 14 million square feet of residential and commercial spaces in Bhiwadi, Jaipur, Jodhpur, Jamshedpur, Patna and Lavasa, realty major Ashiana Housing Ltd has moved closer to Delhi and Gurgaon with their latest residential project 'Ashiana Anmol' at Sohna.With the sky-rocketing prices of real estate in the region of De ...

Puravankara Projects buys 31.69 acres land in Chennai to develop affordable homes
Posted on May 07, 2015
NEW DELHI: Realty firm Puravankara Projects today said it has acquired 31.69 acres land in Chennai for Rs 110 crore to develop affordable homes.The Bengaluru-based firm has raised Rs 82.5 crore from private equity (PE) firm ASK group to fund this land deal.In a filing to the BSE, Puravankara said it has "acquired around 31.69 acres of land in Chenn ...

Piramal Fund invests Rs225 crore in Ahmedabad realty project
Posted on May 07, 2015
P iramal Fund Management Pvt. Ltd will invest in an upcoming real estate project in Ahmedabad, the first of several such investments it plans to make in smaller cities, a top executive said.Under the debt transaction, Piramal will extend Rs.225 crore to Ganesh Housing Corp. Ltd. Out of this, Rs.200 crore will go into land purchase and Rs.25 crore f ...

Existing home loan borrowers get raw deal in base-rate cuts
Posted on May 07, 2015
The larger home loan lenders needed a huge nudge (almost a shove) from the Reserve Bank of India governor and the finance ministry before they started reducing rates earlier this month. After the biggies reduced their rates most other banks have followed suit. Most banks announcing interest rate reductions are making a virtue out of the point that ...

Recent Articles
Nitesh Estates Acquires Pune Shopping Mall for Rs 250 crore
Property prices rise 10% CAGR in 4 years
CHD launches CHD Resortico
Ishanya: Mall for Home Interiors & Design
Prahladnagar: A commercial and residential hub
Housing price inflation declines to 4-year low: RBI
Boom in commercial realty
Home loans business boomed in FY15
Is buying a property in Bhiwadi a good idea?
Mumbaikars prefer Parelís residential properties

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