INDIAN NEWS & TIMES

Friday, July 21, 2017

Knight Frank India today launched the seventh edition of its flagship half yearly report – India Real Estate. It presents a comprehensive analysis of the residential and office market performance of Pune for the period January – June 2017 (H1 2017). Speaking about the findings, Shantanu Mazumder, Director – Pune said, “In H1 2017, there was a dip in launches by 9% whereas sales increased by 11% compared to H1 2016. The [...]

Categories: Real Estate

CapitaLand’s wholly owned serviced residence business, TheAscott Limited (Ascott), is acquiring an additional 60% stake in Quest Apartment Hotels (Quest) for A$180 million (S$191 million). This will increase Ascott’s stake in Quest from its current 20% to 80%, propelling Ascott to become the largest serviced residence provder in Australasia. With 180 properties located in regional and metropolitan areas across Australia, New Zealand and Fiji, the acquisition will boost Ascott’s portfolio [...]

Categories: Real Estate

CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), has recently appointed Mr. Ashwin Vijaysekar as the General Manager of Citadines OMR Chennai, Ascott’s second serviced residence in the city. Ashwin’s career in the hospitality industry spans almost one and a half decade with experience in senior management position, both in India and the Middle East. In his new role at Citadines OMR Chennai, he will be responsible [...]

Categories: Real Estate

Embassy Group, one of the leading property development firmhas been conferred with theResidential Development Indiaawardin the Indian category for Embassy Groveat theAsia Pacific International Property Awards for 2017-18 held at Bangkok recently. Embassy Group emerged as the worthy winnersamongst the best property developers competing in the category. Embassy Grove is an embodiment of passion of ethos and excellence which provides auniquely gracious lifestyle. It recreates the charm of Old Bangalore, [...]

Categories: Real Estate

At a time when homes in Mumbai are getting more and more unaffordable, comes a breath of fresh air. Right in the heart of this bustling city, is an oasis of peace and comfort. Luxurious homes that are grand like your dreams, and well priced to suit your pockets! UK Iridium, a magnificent dream by UK Realty, brings you a 3.5 acres property that you can now call home! Located [...]

Categories: Real Estate

Shapoorji Pallonji Real Estate, the realty division of the Shapoorji Pallonji Group, today announced the appointment of Mr. Keshav Pandey as their Chief Sales and Marketing Officer. Mr. Pandey is a seasoned professional in the real estate industry and joins Shapoorji Pallonji Real Estate as a strategic member of the team. In his new role, Keshav will be responsible for establishing a sharp marketing & brand vision for the business. [...]

Categories: Real Estate

Sprawling seashores, serene beauty and lush green nature have always attracted tourists to Konkan. But, of late, Konkan is coming up on a national map as a ‘Second Home Buying Destination’ and thousands of buyers from Thane, Mumbai and Pune have been queuing up to enquire and buy ‘Village Homes’ or ‘Second Homes’ in Konkan. To meet the increasing demand from buyers, Konkan’s first ever ‘Village Homes’ properties were introduced [...]

Categories: Real Estate

Zippserv, India’s first real estate risk assessment firm announced that they have closed their Seed Fund round of 2.5 Cr from undisclosed sources. Headquartered in Bengaluru, the company will be using these funds for their expansion beginning with Mumbai andPune in the coming months. For generations now, buying homes in India has been riddled with uncertainties and for most first-time home buyers the experience has been more exasperating rather than an [...]

Categories: Real Estate

Navi Mumbai is one of the largest planned and quickest growing townships, which has demonstrated a 25% growth in the last decade alone and is poised for further substantial growth. Connectivity, affordable price points, and good social infrastructure has led to an excellent trajectory for the market. Today, Navi Mumbai stands as a preferred destination for business across IT| ITeS and is soon emerging a favorite over other markets like Hyderabad, Bangalore, Pune, and Delhi. [...]

Categories: Real Estate

“It is an expected move taken by the RBI Governor to keep repo rate unchanged as the Reserve Bank of India had reduced the repo rate by 0.25% to 6.25%. in October to signal lower interest rates in the economy. Hence RBI have done their part, the banks on the other hand have not been generous enough to pass on the entire benefit of this reduction to end consumers. Since now the banks [...]

Categories: Real Estate

In the current Indian scenario, the combined effect of demonetization, crackdown on un-taxed incomes, and a series of Bills passed by the government to make real estate more regulated, the consumer is anxiously holding their breath for real estate prices to fall in urban India. It’s made the real estate market sluggish, with people delaying buying decisions to avoid the risk of losing money, in case prices fell. Rohan Builders [...]

Categories: Real Estate

The latest trends in housing demographics continue to increase demand for homes in the affordable housing sector. By 2022, demand for an additional 90 million housing units is predicted. Urbanization, population growth and decreasing average household sizes represent the main forces behind the growing demand, with the real estate sector predicted to increase by 11.2% per year till 2020.Government interventions are now encouraging the supply of housing in the affordable market [...]

Categories: Real Estate

Joyville by Shapoorji Pallonji, today announced the launch of an unique price assurance program for it’s project Joyville, Howrah. Specifically targeted to the first time home buyer who along with his happiness of buying his own home also fears the compromises he and his family shall have to make in terms of meeting the interest/EMI payments along with the ongoing rent for his accommodation. As a result he is forced [...]

Categories: Real Estate

Mumbai is facing an acute shortage of low cost housing. An average person spends 2 – 3 hours in travel time and has always aspired to stay close to his / her family or workplace. Rashmi Housing felt the need to launch Maha Opinion a pan Mumbai survey to understand the housing needs & aspirations of people their preferred locations, buying range and need of the hour. Rashmi housing wanted [...]

Categories: Real Estate

Sheth Corp, one of the leading developers in the luxury and mid-housing segment, announces its exclusive Gudi Padwa offers on its projects across the Thane’s Platinum belt. These offers commenced on the 11th of March and will run through to the 28th of March. The projects namely Sheth Zuri, Sheth Avalon and Sheth Fiona which are part of Thane’s popular Platinum Belt will have amazing discounts on offer for the [...]

Categories: Real Estate

Serene Senior Care, a leading senior housing operator in India, is being purchased by Seattle-based Columbia Pacific, owner of Columbia Asia Hospital Group, one of the largest and fastest-growing healthcare providers in Asia. With this, Columbia Pacific will undergo a significant expansion of its India senior housing portfolio over the next five years. Columbia Pacific, a family of private asset and investment management companies, also owns and operates hospitals and [...]

Categories: Real Estate

Xrbia Developers is on its way to reach a target of US $1 billion in sales by the end of 2017. Having sold 6,776 houses in the last 3 months, Xrbia is aiming to launch 24 projects in this fiscal, amounting to 50,000 houses worth 10,000 crores. Xrbia is already witnessing sales of 2,000 homes per month, whose volume has been partly attributed to favorable government policies such as the [...]

Categories: Real Estate

VTP Realty, one of Pune’s largest forward integration company, announced new inventory launch at two of its most versatile destinations in the making; VTP Urban Nest at Undri and VTP Urban Life at Talegaon. Both the properties are developed as self – sufficient destinations in the respective markets, and have a grand frontage to welcome you. VTP Realty has set the bar high for delivering unmatched quality, attention to detail and [...]

Categories: Real Estate

Mitsubishi UFJ Financial Group (MUFG)’s banking entity The Bank of Tokyo-Mitsubishi UFJ, Ltd. (MUFG : Bank), in partnership with the Government of Tamil Nadu, announced the construction of an overhead tank for integrated water supply system at the Chennai Museum today. This announcement also marked the Bank’s 20th anniversary in the city of Chennai. The water supply project is a part of the state government’s initiative to renovate the historical Chennai [...]

Categories: Real Estate

Nirvana Realty, the largest player in Maharashtra’s second-homes market, has earned its reputation by introducing unique concepts, delivering quality homes and most importantly, keeping all its promises. It’s these qualities that helped it bag the coveted DNA Property – Developer of the Year Award for 2016. This month, Nirvana continued its glorious run from 2016. It delivered all its promises to the first batch of Wollywood home owners. Wollywood is [...]

Categories: Real Estate