REAL ESTATE NEWS

Bihar UDH department sanctioned 2.39 lakh housing units for urban poor

• ET Realty Residential
• 26th Jun, 2019

“Around 21,278 houses have been completed and 1,02,936 are under construction,” Chaitanya Prasad, principal secretary UDHD, said after videoconferencing with Union ministry of housing and urban affairs (MoHUA).

Online bid for 259 residential plots in Noida to be held July 19-23

• ET Realty Residential
• 26th Jun, 2019

In December 2018, the Authority held online auction for the sale of land and around 440 plots across sectors 12, 31, 33, 39, 47, 48, 49, 51, 52, 55, 70, 72, 93B, 99, 100, 105 and 122 were to be sold.

Government may deliver one crore houses two years before 2022 date

• ET Realty Residential
• 26th Jun, 2019

Union housing minister Hardeep Singh Puri said he was confident that sanction for almost all required number of houses will be received by the first quarter of next year and completion of constructions will be achieved by the end of the year.

Over 81 lakh houses sanctioned under PMAY-Urban in last four years

• ET Realty Residential
• 26th Jun, 2019

Out of the total, around 48 lakh houses are at various stages of construction. 26 lakh houses have already been completed and handed over. Over 13 lakh houses are being built using new technologies.

Coimbatore: Garbage issues plague phase-I of Kurichi housing unit

• ET Realty Residential
• 26th Jun, 2019

Sanitary workers, who collect garbage from houses, dump it within the locality itself as there are no garbage bins.

Sewage plant norms being violated, say Noida residents

• ET Realty Residential
• 26th Jun, 2019

The residents from Pan Oasis society in Sector 70, Paramount Golf Foreste society, and UPSIDC site C also demanded action from the authority on untreated water from STPs.

Illegal commercial buildings demolished in Coonoor

• ET Realty Commercial
• 26th Jun, 2019

The buildings were constructed on the land classified as ‘water channel poramboke’ belonging to the department.

Commercial spaces make a splash in smaller cities

• Hindustan Times
• 25th Jun, 2019

Tier 2 and Tier 3 cities will see fast growth in the retail sector, with premium brands choosing to open shop and cater to rapidly changing consumer tastes.

Chandigarh housing board prices top tri-city realty charts

• ET Realty Residential
• 25th Jun, 2019

A 3 BHK flat is available between Rs 80 lakh and Rs 1.60 crore in Chandigarh and Rs 60 lakh to 1 crore in Mohali and Panchkula.

Shapoorji Pallonji, Hines tie up for premium Bengaluru project

• ET Realty Residential
• 25th Jun, 2019

The total investment by the joint venture partners for the development of these new phases will be around Rs 425 crore.

Housing sales in Bengaluru zip 80% in Q1 2019 over 2017

• ET Realty Residential
• 25th Jun, 2019

The residential markets are coming out of a seven-year downturn and select micro-markets will bottom out in 2019 and 2020, Puri said.

Mumbai: Japanese MNC bids Rs 2,238 crore for three-acre BKC plot

• ET Realty Commercial
• 25th Jun, 2019

A senior officer of the Mumbai Metropolitan Region Development Authority (MMRDA) said Sumitomo's was the sole bid submitted. "We are currently processing the bid," he told TOI .

DLF-GIC joint venture to build over 2.5 million sq ft mall in Gurugram

• ET Realty Retail
• 24th Jun, 2019

The new project, to be known as Down Town, will be constructed on a 23-acre land parcel owned by DLF in Gurugram.

Dharavi project about ‘human rehabilitation and resettlement’

• ET Realty Residential
• 24th Jun, 2019

"We feel that Dharavi requires a complete inclusive approach. In order to redevelop Dharavi, you need to have the financial closure, and a working plan. "

Exhibition city a carbon neutral project: Kerala housing board

• ET Realty Infrastructure
• 24th Jun, 2019

KSHB managing director Abdul Nasser B said they had conceived the project, pegged at Rs 3,105 crore, taking into account the environmental fragility of the region and would be setting apart close to four acres for afforestation purposes.

Maharashtra's rationing office to get back floor in Reliance Centre after 22 years

• ET Realty Commercial
• 22nd Jun, 2019

The past two years have been riddled with legal notices going back and forth, and now the food and supply department has paid Rs 22.34 crore to the land acquisition officer in the District Collectorate for reoccupying the space.

Delay in getting NOC hits AMRUT smart city projects in Palakkad

• ET Realty Infrastructure
• 21st Jun, 2019

Municipal chairperson Pramila Sasidharan in her letter to the Union minister on June 20, 2019, requested his intervention to complete the development activities within the Mission period. Many of our projects are passing through the roads under public works department (PWD) national highway (NH) division.

DDA to turn areas around metro stations into commercial hubs

• ET Realty Commercial
• 21st Jun, 2019

A DDA official told TOI that this TOD policy was put in the public domain for suggestions and criticism, which have been received.

DPT starts e-auction of plots in smart industrial port city at Kandla

• ET Realty Commercial
• 20th Jun, 2019

DPT will also initiated talks with the local timber association to set up a furniture park with an aim is to make Kandla the furniture hub of the country as 70% of India’s timber imports happens from this port.

Co-living apps make settling into a new city a breeze

• Hindustan Times
• 19th Jun, 2019

Finding accommodation in a new city for students and young professionals is difficult, but co-living spaces are making things easier one app at a time.

Blackstone to buy office space in BKC for Rs 2,500 crore

• ET Realty Commercial
• 19th Jun, 2019

The space forms part of the high-profile One BKC project in Mumbai’s financial district.

Bengaluru among top ten destinations for cross-border investment across Asia Pacific

• ET Realty Commercial
• 19th Jun, 2019

As per CBRE, stronger interest in India is attributed to the launch of first Indian REITs and the resulting enhanced market transparency.

Co-working spaces save up to 15% per seat

• ET Realty Commercial
• 19th Jun, 2019

According to Knight Frank, a property consultant, opting for a co-working space can save 5-15% per seat compared to a standard lease for corporate.

Rapid realty growth at the root of civic crisis along IT corridor

• ET Realty Infrastructure
• 18th Jun, 2019

The trend in 2018 was no different. While the city saw as many as 17,295 new homes being unveiled through the year, the lion’s share of 14,677 went to this upscale western pocket.

Seven Indian firms respond to global bid document for Jewar airport

• ET Realty Infrastructure
• 18th Jun, 2019

The district administration also hopes to complete 80% of the land acquisition in the first phase by August 31.

Oyo's Chinese arm to up inventory to 500,000 rooms, list on Ctrip

• ET Realty Hospitality
• 18th Jun, 2019

China, Indonesia, UK big growth markets, says Oyo global chief strategy officer.

India commercial realty attracts $2.6 billion in 12 months to Q1 2019: Report

• ET Realty Commercial
• 17th Jun, 2019

Singapore, with investment volumes of $0.7 billion, was the biggest capital source country for the Indian commercial real estate between followed by Australia and Japan.

RMZ Corp aims to double commercial portfolio over the next 5 years

• ET Realty Commercial
• 17th Jun, 2019

The company, which recently entered into an agreement with DB Realty to transform the sixdecade-old Kamalistan Studio in Mumbai, has acquired 30 acres in Gurugram to add to its growing office portfolio.

Pimpri Chinchwad: Seven survey consultants to be appointed for town planning

• ET Realty Infrastructure
• 15th Jun, 2019

The survey work would have to be carried out as per the Global Positioning System (GPS) and Google imagery.

Chandigarh: 50-acre land in Sector 34 may be considered for smart city project

• ET Realty Infrastructure
• 15th Jun, 2019

Since a large commercial area was planned in Sector 43, it will be a major challenge for both CSCL and the UT administration to locate a commercially suitable and viable land.

Goa: Housing board land now part of Mopa airport area

• ET Realty Infrastructure
• 15th Jun, 2019

The inclusion of the land, chief town planner Rajesh Naik said, is in addition to the 2,093 acres acquired by the government earlier for development of the international airport.

Delhi notifies draft parking policy, allows free parking in residential areas

• ET Realty Infrastructure
• 14th Jun, 2019

The draft policy titled "Delhi Maintenance and Management of Parking Places Rules 2019" was notified on Wednesday after approval of the Transport minister, a senior government official said.

ITC to focus on managing hotel properties

• ET Realty Hospitality
• 13th Jun, 2019

ITC chairman Sanjiv Puri said the current proportion between the company’s managed and owned and managed properties is 50:50. But going forward, it would be 60:40.

IHG strengthens luxury and upscale portfolios in India

• ET Realty Hospitality
• 13th Jun, 2019

Both hotels are expected to be operational by Q1 2022 and will increase IHG’s portfolio size in India by over 400 rooms.

New Goa tourism development body chief to review files of leased out properties

• ET Realty Hospitality
• 13th Jun, 2019

Since 2012, GTDC has leased out some of its properties located in prime locations along the coastal belt despite reservations from some quarters.

Notification for land acquisition for Trivandrum international airport likely this month

• ET Realty Infrastructure
• 9th Jun, 2019

The land acquisition wing at district collectorate has sent a detailed report on the package to the land revenue commissioner for approval. A notification will be issued once the commissioner approves it.

Nagpur smart city PAPs won’t be paid for acquired 40% land

• ET Realty Infrastructure
• 9th Jun, 2019

NSSCDCL board of directors met on Saturday at Nagpur Municipal Corporation (NMC) head office to discuss and decide on 21 proposals.

Automatic sensors, mobile apps, shared spaces take the sting out of parking

• Hindustan Times
• 8th Jun, 2019

In overcrowded metro cities, automated systems are finally helping harried motorists find slots in the newly constructed parking towers around them.

Developers are batting for the sports enthusiast looking for a big-city home

• Hindustan Times
• 31st May, 2019

Townships are now offering coaching programmes by Cricket Australia, bouldering zones, and gyms designed by global sportstars.

Developers shift focus from housing, commercial realty to warehousing

• Hindustan Times
• 30th May, 2019

Amid a retail boom, builders are finding a new market in industrial logistics hubs for e-commerce, FMCG, retail and apparel.

Warburg Pincus, Runwal ink joint venture to form $1 billion retail mall platform

• ET Realty Retail
• 20th May, 2019

Both partners, an affiliate of Warburg Pincus and Runwal, will commit $200 million each in the form of equity and will also raise additional $600 million in the form of debt to create a total corpus of $1 billion.

Safeguarding tenants, one clause at a time

• Hindustan Times
• 18th May, 2019

Tricky clauses in an agreement’s fine print could lead to the tenant paying for amenities and damages. Here’s what to keep in mind

IHCL ties up with Singapore's GIC to invest Rs 4,000 crore in hotel acquisitions

• ET Realty Hospitality
• 17th May, 2019

Investments will be done over the next three years and the joint platform will look at potential hotel assets in India, it said, adding fully operational hotels in the luxury, upper upscale and upscale segments in India.

Buying a house? You might want to rope in a private home inspector

• Hindustan Times
• 13th May, 2019

A bunch of new companies are offering to check for cracks, leaks, hidden flaws before you commit to a real-estate purchase.

No building permit, Mussoorie-Dehradun development body seals hotel on Spring Road

• ET Realty Hospitality
• 10th May, 2019

MDDA officials said that the hotel named Kahkashan, was sealed as it was built without any permit. They added that they had served one-month notice to the hotel owner.

Pune: ABIL buys Nitesh Hub Mall on Koregaon Park Road for Rs 276 crore

• ET Realty Retail
• 5th May, 2019

City-based real estate firm ABIL has bought over 1 million square feet Nitesh Hub Mall on Koregaon Park Road for Rs 276 crore.

As rent and lease agreements go digital, long-distance is in

• Hindustan Times
• 4th May, 2019

DLF transfers Noida mall to its subsidiary for Rs 2,950 crore

• ET Realty Retail
• 3rd May, 2019

​​DLF has to pay Rs 8,700 crore to the DLF Cyber City Developers Ltd (DCCDL), which is a joint venture firm of DLF and Singapores' sovereign wealth fund GIC.

Greater Mohali development body seals, takes possession of Crown West Hotel

• ET Realty Hospitality
• 3rd May, 2019

The allottee was served notices several times over the past many years, but he did not respond. The action was taken after taking advice from the legal department, he added.

OYO to acquire Amsterdam-based Leisure Group for USD 415 million

• ET Realty Hospitality
• 2nd May, 2019

Leisure Group is a leading vacation rental company in Europe and manages holiday homes, holiday parks and holiday apartments, it added.

Home prices dip in UK, US & UAE. Grab the chance to invest

• Hindustan Times
• 27th Apr, 2019

The slow-moving domestic real-estate sector has led High Net-worth Individuals and Ultra High-Net-worth Individuals to consider overseas options. The primary reason is an expectation of good returns.

Hotel Leelaventure gets shareholders' nod to sell hotels; to abide by Sebi directive

• ET Realty Hospitality
• 27th Apr, 2019

The hotels the sale of which shareholders have approved are in Delhi, Bengaluru, Chennai and Udaipur, Hotel Leelaventure said in a filing to the BSE.

Joint ITC-LIC complaint against Leela may fare better at NCLT

• ET Realty Hospitality
• 27th Apr, 2019

The two are opposing Hotel Leela’s plans to sell some of its prized assets to Canadian private equity firm Brookfield.

The DIY route to redevelopment

• Hindustan Times
• 20th Apr, 2019

Self-redevelopment is more feasible for housing societies in Mumbai now, thanks to easier norms for loans and sanctions.

Prestige Estates plans to expand retail presence to 15 malls

• ET Realty Retail
• 19th Apr, 2019

With consolidation of its stake in malls across the country almost over, Prestige Estates is now eyeing a rental income of Rs 400 crore annually from its retail ventures.

Prestige Estates Projects acquires Babji Realtors for Rs 364 crore

• ET Realty Retail
• 17th Apr, 2019

J. Sagar Associates (JSA), a law-firm, advised and assisted in the acquisition, the company said in a media release.

Xander-backed Virtuous Retail in talks to acquire two malls from Tata Realty

• ET Realty Retail
• 1st Apr, 2019

TRIL will be exiting the two mall properties, totaling 1.15 million square feet, in Amritsar and Nagpur. TRIL owns 90% stake in these assets.

Lake Shore acquires Hyderabad mall for Rs 1,000 crore

• ET Realty Retail
• 27th Mar, 2019

"Phoenix Group will continue to hold around 15% stake in the project (Phoenix Lotus Mall) and the Irish fund Lotus will exit the project," said one person aware of the matter.

Pune: Nitesh Estates sells its 1-million sq ft shopping mall to Era Realty

• ET Realty Retail
• 8th Mar, 2019

Late January, Nitesh Estates had announced its intention to reduce the overall debt by an around Rs 700 crore within 180 days.

Mumbai: Wadhwas to redevelop Chandan Cinema into mixed-use complex

• ET Realty Retail
• 27th Feb, 2019

The Wadhwa Group and the owner of Chandan Cinema, Sameer Joshi, have agreed to develop the premises of the 45-year-old theatre into a retail and commercial complex.