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Severe Decline in Demand for Luxury Real Estate

A survey by global real estate consultancy Cushman and Wakefield (C&W) has revealed that average capital values of luxury properties in posh localities across major metros have fallen by 10%-20% during the last three months. Residential rental values Read More...
Posted Friday, February 13, 2009 2:58 PM by Ehsaan M.W | 1 Comments

MMRDA Plans Alternative Biz Hubs

As two main business districts of the city have reached a saturation point, the Mumbai Metropolitan Regional Development Authority (MMRDA) is planning to acquire 1.84 crore sq mt of land to set up alternative business hubs to build new rental housing Read More...
Posted Friday, February 13, 2009 2:51 PM by Ehsaan M.W | 0 Comments

88,222 Forms Sold by MHADA

The first day of the housing projects introduced across Mumbai by the Maharashtra Housing and Area Development Authority (MHADA) received an overwhelming response. It reflected that slump or no slump, there is still a huge demand for houses if the price Read More...
Posted Friday, February 13, 2009 2:50 PM by Ehsaan M.W | 0 Comments
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Akruti To Focus On Affordable Home Projects

Mumbai-based developer, Akruti City, which was mainly into development of hospitality, retail and township projects, has decided to shift its focus to affordable homes. Under the brand name, 'Just Perfect Homes', the developer will develop homes Read More...
Posted Thursday, February 05, 2009 5:57 PM by Ehsaan M.W | 1 Comments

Housing For All, A Dream That Might Come True Soon

Housing for all has remained an elusive goal in a country which is seeking to become a global economic power. The current economic crisis offers an opportunity to turn this dream into reality. The slump in realty, created by the global economic slump, Read More...
Posted Thursday, February 05, 2009 5:47 PM by Ehsaan M.W | 0 Comments

Property Taxes In South Mumbai Get Real

Many people residing in South Mumbai pay 0.32 paise as property tax a sq ft a month. Even a resident of a MHADA transit camp in a suburb pays a property tax of Rs 1.65 per sq ft a month. This will get real from now on as there will be a greater parity Read More...
Posted Sunday, January 25, 2009 6:21 PM by Ehsaan M.W | 0 Comments

Mhada Invites Buyers For Low-Cost Houses

For those looking for affordable homes in Mumbai, Maharashtra Housing and Area Development Authority (MHADA) has announced a sale of 3, 863 flats built by it. Ranging from 225 sq ft to 870 sq ft, the prices of these flats vary from Rs 3.5 lakh to Rs 45 Read More...
Posted Sunday, January 25, 2009 6:17 PM by Ehsaan M.W | 0 Comments

NHB Launches Housing Price Index in 5 Indian Cities

In a move that is expected to bring transparency to the real estate market, finance minister P Chidambaram launched the official Housing Price Index, developed by India's home loans regulator, the National Housing Bank . Named as NHB Residex, the Read More...
Posted Thursday, September 18, 2008 3:42 PM by Farooq M | 2 Comments

DLF to Invest Rs.1000 Crores in Multiplex Business

Real estate giant DLF is likely to invest about Rs 1,250 crore on expanding its multiplex business, DT Cinema, by adding about 500 screens in the next four to five years. Currently, DLF is at a pre-operative stage with about seven screens. In another Read More...
Posted Thursday, September 18, 2008 3:35 PM by Farooq M | 0 Comments

Mumbai Flat Auctioned at a Record Price- Rs.1.25 Lacs for a Sq.ft!

India Shining!, remember the Slogan used by BJP during its past government?, here is a BJP person who has Proved this Literally. Cinestar and BJP MP Vinod Khanna has bought a residential apartment at Malabar Hill, in the tony South Mumbai area, from Citibank Read More...
Posted Thursday, May 22, 2008 6:55 PM by Farooq M | 4 Comments

ETA Star to Invest Rs.1,500 crores in Mumbai

Chennai-based real estate developer ETA Star Property Developers, a part of $4 billion ETA Ascon group based in the UAE, will build a Rs 1,500 crore mall in Mumbai's Juhu area. The construction work will begin in January 2008. ETA has formed a 50:50 Read More...
Posted Thursday, December 13, 2007 5:29 PM by Farooq M | 4 Comments

Top bids worth Rs 2,790 crore for BKC plot in Mumbai

Mukesh Ambani promoted Reliance Industries Limited, Wadhwa Builders, TCG Infrastructure and Hiranandani Constructions have emerged as the leading bidders for the three Bandra-Kurla Complex (BKC) plots in Mumbai measuring 75,350 square metres. The total Read More...
Posted Thursday, November 29, 2007 7:09 PM by Farooq M | 2 Comments

Navi Mumbai SEZ to include Co-Developers

The Government has cleared seven co-developers in Mukesh Ambani-promoted Navi Mumbai SEZs , thus endorsing fresh investment through private equity players by a key partner of the RIL Chairman. "The Board of Approval gave a green signal to the Navi Read More...
Posted Tuesday, October 23, 2007 1:56 PM by Farooq M | 3 Comments

IMP Powers Bagged Rs65 Crore Order from Maharashtra State Electricity Board

Makers of electricity meters and transformers IMP Powers has bagged an order worth Rs 65 crore from a renowned EPS Contractor for supply to Maharashtra State Electricity Board. Under the contract IMP Power will supply EHV Transformers of 132 and 220 kv Read More...
Posted Tuesday, October 23, 2007 1:16 PM by Farooq M | 1 Comments

One Of The Largest Investments Made By JP Morgan

Realty focused private equity funds are committing big money, when it comes to project financing. And so far JP Morgan's USD 360 has made its largest investment so far in an IT park in Navi Mumbai. The fund will invest Rs 100 crore or over USD 25 Read More...
Posted Friday, October 19, 2007 4:31 PM by Ehsaan M.W | 0 Comments
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