INDIAN NEWS & TIMES

Sunday, March 26, 2017

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

Close on the heels of the Indian Government declaring affordable housing as infrastructure category, Mumbai-based ArthVeda Fund Management Pvt. Ltd. (AVFM) today announced that Qatar Holding(QH) has committed to invest US$250 million in its affordable low and middle income (LMI) fund, which projects an IRR in excess of 18 – 21%. In a statement, Bikram Sen, CEO of Arthveda said that the subscription of the entire corpus of its FDI-compliant [...]

Categories: Real Estate

Golden Gate Properties Ltd, an integrated real estate developer from South, has appointed Raja Mukherjee as its new Chief Marketing and Sales Officer. Raja will be spearheading the Marketing and Sales function of Golden Gate Properties and its associate companies like Commune, Prisha Properties and Bhagyalakshmi Properties. Prior to joining Golden Gate Properties Ltd, Raja was the Chief Marketing Officer with Bangalore based real estate group called Concord Group. During [...]

Categories: Real Estate

“Overall the 2017 Union Budget is a good budget in general but mixed for real estate industry which was looking for more from this budget. The Government’s initiatives like- Infrastructure status for Affordable Housing, 1 crore rural houses to be built by 2019, Carpet area will be considered Instead of Built up area of 30 and 60 sq meters for affordable housing will give a huge boost to the affordable housing sector. [...]

Categories: Real Estate

The realty PE Fund Lapis India Capital Advisors Private Ltd. (formerly Sun Apollo) has fully exited its investment in Sobha Palladian project of Sobha Ltd. in Bengaluru with approximately 2X return. It had invested Rs. 500 million in a 50:50 partnership with Sobha in its SPV “SobhaHighrise Ventures Private Limited” and has received back a total of Rs. 980 million over a period of 4 years starting 2013 from internal [...]

Categories: Real Estate

The hectic Mumbai lifestyle calls for regular rejuvenation. After all, one burns out with all the work and partying. Mumbaikars found it challenging to find the perfect weekend getaway in the city’s vicinity. Weekend Homes either are unaffordable or too far away. All those woes come to an end with Wings Lifespaces’ Alibaug Life, the perfect Holiday Home for a weekend getaway! From the rich and famous to those seeking [...]

Categories: Real Estate

CoLife partners with UKN Properties to launch ‘Hermosa Muer’ Bengaluru’s first women only ultra-luxury coliving! January 27, 2017, Bangalore: CoLife a network of shared living & working has partnered with UKN Properties to introduce what is probably Bengaluru’s first women only coliving space with amenities exclusively designed for the modern woman. The facility has been conceptualized and designed by Suresh Rangarajan a pioneer in boutique properties including shared living and working spaces. The facility offers many [...]

Categories: Real Estate

The Real Estate Sector would be tremendously be affected by the various Government Policies & regulations like- Demonetization: Due to the no availability of cash for real estate transaction has affected the land deals as well as high value real estate deals. The effect will be prevalent in 2017 as well. The effect of cash crunch could be seen even in the Secondary (resale) market where in cash transaction was [...]

Categories: Real Estate

Sobha Limited, the realty major andone of the most admired and trusted brands in India, has bagged the 6th EPC World award in the category Outstanding Contribution in Real Estate  (Residential Project ) for Phase 1, International City, Gurgaon Project at an award ceremony held yesterday at New Delhi. The award recognises Sobha’s sterling contribution in the construction sector, with exemplary projects delivered. Speaking on the occasion, Mr. Ravi Menon, [...]

Categories: Real Estate

Urban migration is known to have a positive impact on a country’s economic development. Moving to a new city comes with its own set of challenges, all the more in a diverse country like India. To understand consumer preferences and experiences while looking for rental accommodation and moving into new cities, India’s fastest growing online home rental network NestAway has come out with an interesting report titled ‘Ease of Settling [...]

Categories: Real Estate

With a series of activities happening in the real estate industry, the budget 2017 will be a crucial affair for the realty market. There are huge expectations from the Government which is already making the right moves creating the perfect atmosphere for the industry. Firstly, the Government needs to put in place the single window clearance for projects. While the demand for housing in metropolitan cities is only on the rise, [...]

Categories: Real Estate

“With the country recently witnessing the demonetization act, there are a number of speculations doing the rounds regarding the upcoming budget. Currently people are facing a lot of challenges due to the demonetization policy, but, the future seems positive for the construction industry. The RBI has already announced cuts on interest rates, which is a positive sign for the buyers. They can now get home loans at a cheaper rate [...]

Categories: Real Estate

“2016 has been quite significant year for the real estate sector as the government initiated number of polices. With the introduction of RERA Bill in May 2017 and the hopeful implementation of the GST regime in April 2017, the Real Estate sector can witness major changes in the coming year. Targeted towards reducing the unaccounted money in the system, demonetisation step will significantly improve transparency in the sector. The impact [...]

Categories: Real Estate