INDIAN NEWS & TIMES

Monday, April 24, 2017

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

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