REAL ESTATE NEWS

Supertech to invest Rs 800 crore this fiscal on construction; to deliver 10K flats in FY19

  • ET Realty Residential
  • 18th Aug, 2018

Noida-based firm is also eyeing its sales booking to rise to Rs 3,000 crore during 2018-19 fiscal on the back of improved demand especially from ready-to-move-in apartments, its MD Mohit Arora said

US: July housing starts up a slight 0.9% as tariffs bite

  • ET Realty Residential
  • 17th Aug, 2018

The Commerce Department said Thursday that housing starts last month rose to a seasonally adjusted annual rate of 1.17 million, not nearly enough to reverse the steep 12.9% plunge seen in June as rising lumber

Metro rail’s phase-II to bring down SPPU flyover

  • ET Realty Infrastructure
  • 17th Aug, 2018

In its place, a new three-layered bridge will accommodate light vehicles or two-wheelers on one level, another level will be designated for highcapacity mass transit

UP may drop Jewar international airport project if farmers don't hand over land: Official

  • ET Realty Infrastructure
  • 17th Aug, 2018

Chairman of Yamuna Expressway Industrial Development authority said they met over 100 farmers of six villages yesterday in Noida and tried to clear their doubts regarding the land acquisition

Home Credit leases 1.5 lakh sq ft at Empire Tower in Navi Mumbai

  • ET Realty Commercial
  • 17th Aug, 2018

The total lease tenure is five years including a rental reset after three years from now. The company will be paying rental of Rs 55 per sq ft a month, taking the annual payout to nearly Rs 10 crore

Rising demand pushes rentals 2.8%-11% sequentially in key micro markets

  • ET Realty Commercial
  • 16th Aug, 2018

Mumbai’s Powai, Kolkata’s Central Business District, Navi Mumbai, Bengaluru, North (Hebbal-Yelahanka), and Pune’s Bavadhan, Hinjewadi and Bund Garden registered the highest growth in rentals, showed data from Colliers Research

China's new home prices rise 1.1% m/m in July

  • ET Realty Residential
  • 15th Aug, 2018

On a year-on-year basis, average new home prices in China's 70 major cities increased 5.8% in July, quickening from a 5.0% gain in June

Canada home prices up in July, but strength lacking: Report

  • ET Realty Residential
  • 15th Aug, 2018

The Teranet-National Bank Composite House Price Index, which measures changes for repeat sales of single-family homes, showed prices increased 0.8 % on a monthly basis

Apartment sizes shrink in 7 major cities in 5 years

  • ET Realty Residential
  • 15th Aug, 2018

​In percentage terms, the drop is maximum in Bengaluru (21%), where the average apartment area has reduced from 1,750sqft to 1,375sqft

China's Nanjing city bans home purchases by corporate buyers

  • ET Realty Residential
  • 14th Aug, 2018

The presence of corporate property buyers has surged recently, with the number of companies bidding for one individual real estate project in certain areas reaching nearly a hundred

Top 8 cities residential launches up 106% sequentially as developers gain confidence

  • ET Realty Residential
  • 14th Aug, 2018

The rise in number of launches by developers is led by improvement in homebuyers’ response and marginal drop in inventory levels despite new supply addition

DLF to sell only completed flats under new biz model

  • ET Realty Residential
  • 13th Aug, 2018

Lakhs of home buyers are stuck in various projects of developers such as Jaypee group, Amrapali, Unitech and The 3C Company

Mumbaikars take up self-redevelopment of old apartments

  • ET Realty Residential
  • 13th Aug, 2018

The Mumbai District Central Cooperative Bank (MDCCB) is also encouraging the initiative by extending loans for the task

Special unit to monitor Pune airport & other MADC works

  • ET Realty Infrastructure
  • 13th Aug, 2018

In addition to the Pune airport, this special planning unit (SPU) will handle MADC’s other aviation projects as well, said Suresh Kakani, the vice-chairman-cum-managing director of MADC

Cidco to launch new housing scheme in December

  • ET Realty Residential
  • 12th Aug, 2018

The current housing scheme for PM Awas Yojna and LIG for 14,838 flats will be flagged off by CM on August 13 when registration will start; online application from August 15

DLF looking for partner to build new commercial project on Rs 1,600 crore land in Gurugram

  • ET Realty Commercial
  • 12th Aug, 2018

India's largest realty firm could dilute up to 50 per cent stake in this 2.5 million sq ft commercial project, DLF's CFO Saurabh Chawla said

Post-RERA, new tech is helping builders speed up construction work

  • Hindustan Times
  • 11th Aug, 2018

3D modelling is streamlining processes; new building methods are allowing entire floors to be built in one go.

PMRDA to speed up third corridor of Pune

  • ET Realty Infrastructure
  • 11th Aug, 2018

The notification, issued by the urban development department last month and entered into the government gazette two days ago, calls it a “vital important urban transport project”

WeWork revenue, and losses, surge in first release of results

  • ET Realty Commercial
  • 10th Aug, 2018

In its first ever release of financial results, the privately held firm said total revenue rose to $421.6 million from $198.3 million in the year-ago quarter as memberships jumped to 268,000 at the end of June from 128,000 a year earlier

Apeejay Business Centre opens 20,000 sq ft space in Gurugram

  • ET Realty Commercial
  • 10th Aug, 2018

The space will have a capacity of 330 seaters

Gurugram: Colony takeover by Aug 31, realtors told to fix infrastructure gaps

  • ET Realty Infrastructure
  • 9th Aug, 2018

Ansal API and Unitech have expressed their inability to complete the infrastructure work owing to fund crisis, while DLF and Suncity have agreed to complete the pending work within the stipulated time

JP Morgan to take 1.1 million sq ft office space from Embassy in Bengaluru

  • ET Realty Commercial
  • 8th Aug, 2018

The Bengaluru-based developer, in a statement, said that it has signed a long-term lease deal with JP Morgan for commercial office space at Embassy TechVillage project

GoWork in talks with PE funds to raise $200 million

  • ET Realty Commercial
  • 7th Aug, 2018

The Gurugram-based company plans to use the funds to expand its presence in major cities across the country by opening 50 centres.

Blackstone to list its office assets in REIT with Embassy

  • ET Realty Commercial
  • 6th Aug, 2018

The REIT, registered in 2017 as Embassy Office Parks, is sponsored by Blackstone and Bengaluru-based realty developer Embassy Property Developments

SEZ spaces accounts for 22% of total office stock in India: Report

  • ET Realty Commercial
  • 6th Aug, 2018

The technology sector dominated SEZ space take-up with over 60% space absorption in the past three years

Social media, technology are changing how housing societies are managed

  • Hindustan Times
  • 4th Aug, 2018

Members are adopting mobile apps and accommodating modern relationships, but finding hurdles along the way too.

No delay or cost over-run for Delhi metro phase III: Hardeep Singh Puri

  • ET Realty Infrastructure
  • 3rd Aug, 2018

Replying to supplementaries during the Question Hour, Minister of State for Housing and Urban Development Hardeep Singh Puri said the third phase of Delhi Metro involved construction of 190 km rail tracks

Piramal commits Rs 850 crore in M3M’s 65th Avenue

  • ET Realty Commercial
  • 2nd Aug, 2018

M3M has appointed Mace Group, a global consultancy and construction firm, for construction management of 65th Avenue

Omkar Realtors looks to sell its upcoming mall in Mumbai for Rs 2,000 crore

  • ET Realty Retail
  • 1st Aug, 2018

The mall is part of a larger integrated mixed redevelopment project spread over 65 acres adjacent to Mumbai’s western express highway

Godrej's alternate land suitable for bullet train: NHSRCL to High Court

  • ET Realty Infrastructure
  • 1st Aug, 2018

Godrej and Boyce Manufacturing Company Ltd had approached the high court challenging the proposed acquisition of its prime property in suburban Vikhroli for bullet train project

Maharashtra cabinet gives 5.6 hectare land worth Rs 153 crore for Pune metro

  • ET Realty Infrastructure
  • 1st Aug, 2018

The land allotted is worth around Rs 153 crore (market rate) and is located in Mauje-Balewadi

EIH to focus more on managed properties

  • ET Realty Hospitality
  • 1st Aug, 2018

P.R.S. Oberoi, executive chairman, said the ratio between owned, substantially owned and managed hotels in the company was 70:30 and the proportion of managed hotels would increase

Land planned: Themed plotted developments catch on among young buyers

  • Hindustan Times
  • 28th Jul, 2018

These projects allow investors to build homes that cater to their passions, with infrastructure focused on sport, nature, organic farming.

Blackstone, KKR, JM bid for EIH-run hotels in Hyderabad

  • ET Realty Hospitality
  • 25th Jul, 2018

Edelweiss Asset Reconstruction Company is said to be the fourth bidder for Golden Jubilee, which is also developing a much delayed Oberoi hotel in the southern city

AAI may close deal with Gujarat for Dholera airport by mid-August

  • ET Realty Infrastructure
  • 23rd Jul, 2018

The airport is set to come up in greenfield city under the Delhi-Mumbai Industrial Corridor (DMIC) project at Dholera and will be built over four years

Phoenix Mills inks JV for retail development in Ahmedabad

  • ET Realty Retail
  • 22nd Jul, 2018

Phoenix Mills will invest around Rs 230 crore for its 50% stake in the joint venture

Gaining the edge: Why smaller cities in Maharashtra are drawing investors

  • Hindustan Times
  • 21st Jul, 2018

Youngsters are buying realty in areas such as Nashik, Nagpur and Amravati, as infra growth promises quick returns on easy buy-ins.

IHCL to open eight new hotels this year, eyes 30% growth next five years

  • ET Realty Hospitality
  • 20th Jul, 2018

Addressing the sahreholders at the AGM, chairman N Chandrasekaran said IHCL intends to significantly increase the domestic footprint this year by opening eight new hotels

About 90 buildings obstructing flight path at Surat airport

  • ET Realty Infrastructure
  • 19th Jul, 2018

In fact, when counted jointly by the Airports Authority of India (AAI) and the Surat Municipal Corporation (SMC), it was found that there are 90 buildings which are obstructing the flight path

Gurugram: DTCP claims OC of Central Plaza Mall fake, builders booked for fraud

  • ET Realty Retail
  • 15th Jul, 2018

Police said an FIR was filed against the developers — Aerens Infotech Pvt Ltd and Senior Builders Ltd — on Friday based on a recommendation sent by the department of town and country planning (DTCP) on July 2

I bought a home: 13 tales from proud new homeowners in Mumbai

  • Hindustan Times
  • 14th Jul, 2018

ANNIVERSARY SPECIAL: They scoured for months, did extensive research, cashed in savings and borrowed from relatives, but it was all worth it, they say.

Mall vacancy lowest in 12 quarters as brands jostle for space

  • ET Realty Retail
  • 13th Jul, 2018

Vacancies at leading malls in prominent locations in Mumbai, Pune, Bengaluru and Ahmedabad have dipped to levels last seen in 2016

Taj Mansingh's auction likely to be postponed again as NDMC gets only two bids

  • ET Realty Hospitality
  • 10th Jul, 2018

The civic body had issued an annulment notice for the e-auction last month when the auction had to be cancelled since only the Tata Group's Indian Hotels Company Limited (IHCL)

Choice Hotels to add 11 properties in India by end-2020

  • ET Realty Hospitality
  • 9th Jul, 2018

The company, which is a subsidiary of the US-based hospitality major Choice Hotels International, currently has 29 operating hotels in India

Luxury housing projects up the ante with high art, spas, palatial architecture

  • Hindustan Times
  • 7th Jul, 2018

The definition of luxuring is evolving, developers say, as buyers expect not just branding and exclusivity, but the luxe experience.

Ginger hotels looking to sell six properties

  • ET Realty Hospitality
  • 6th Jul, 2018

The move is seen to align with ‘Aspiration 2022’ strategy unveiled by its parent, Indian Hotels Company (IHCL), to become less ownership driven

Full-circle realty: Get a loan, build a house and redecorate, hassle-free

  • Hindustan Times
  • 30th Jun, 2018

New online platforms are letting buyers upload documents, select an architect, pick furniture and finish interiors, all at just a few clicks.

Ghaziabad development body rented out hostels at lower rate, alleges councillor

  • ET Realty Hospitality
  • 24th Jun, 2018

The councilor also alleged that the amount accrued in the last eight years had not been submitted by Yashodha

Bigger, more frills, more investment: malls are getting a makeover

  • Hindustan Times
  • 23rd Jun, 2018

Upcoming projects are set to occupy larger plots and have more F&B, entertainment options such as trampoline parks and sports turfs

Taj Group acquires Lutyen's Delhi hotel in NDMC auction

  • ET Realty Hospitality
  • 21st Jun, 2018

The property at 37, Shaheed Bhagat Singh Marg has about 85 rooms, 3 banquet halls and one swimming pool and is situated adjacent to Connaught Place

Past perfect: Why luxury brands are investing heavily in heritage

  • Hindustan Times
  • 16th Jun, 2018

Restoration and maintenance aren’t easy, but this segment of real-estate offers vintage charm, spacious premises and an exclusivity that complements brand identities.

K Raheja’s hotel arm plans to raise Rs 2,000 crore from IPO

  • ET Realty Hospitality
  • 11th Jun, 2018

The offer document of Chalet Hotels is expected to be filed this month and the company is proposing to open the public issue in October, said bankers

See what happens to real-estate prices when a new district joins a metro region

  • Hindustan Times
  • 9th Jun, 2018

Making an area part of the greater metro region helps to keep property prices in check. it gives builders an opportunity to build more and also helps buyers to get more options, say experts.

Phoenix Mills inks pact to acquire under-construction mall in Lucknow

  • ET Realty Retail
  • 9th Jun, 2018

The asset was e-auctioned by LDA wherein the company emerged as the highest bidder, Phoenix Mills said in a regulatory filing

Tata Group bids for Taj Mansingh, The Connaught and Hotel Asian International

  • ET Realty Hospitality
  • 8th Jun, 2018

For Taj Mansingh, Tatas may not face a serious challenge for retaining the Lutyens’ property. NDMC says only one bid was submitted though it don’t know who had submitted it as the tender was not open

PE investments in retail real estate touch Rs 5,500 crore since 2015: Report

  • ET Realty Retail
  • 23rd May, 2018

Increased investments would boost supply of retail space and it is estimated that about 90 shopping malls would come into the market by 2022 at major cities, it added

CPPIB invests additional Rs 938 crore in investment platform with Phoenix Mills

  • ET Realty Retail
  • 10th Apr, 2018

Through this second tranche, CPPIB’s investment into ISMDPL has touched Rs 1,662 crore, for a 49% ownership stake, with Phoenix Mills owning the balance 51% stake

PE investments in Indian retail assets up 15% at $800 million in 2017: Report

  • ET Realty Retail
  • 28th Mar, 2018

On the supply side, close to 2 million sq. ft. of new supply entered the market during the second half of 2017 and majority of this was concentrated in Kolkata, Delhi National Capital Region (NCR), Chennai, Pune and Bangalore

Blackstone in talks to buy three malls to push retail realty play

  • ET Realty Retail
  • 6th Mar, 2018

These proposed acquisitions spread over around 2 million sq ft will push Blackstone’s retail portfolio from 5.1 million sq ft to over 7 million sq ft, making it the largest retail mall operator in India

Blackstone shelves plan to acquire Brookefields mall in Coimbatore

  • ET Realty Retail
  • 22nd Jan, 2018

The deal, which was in the final stages of negotiations, was pegged at Rs 450 crore. If it had gone through, it would have been the biggest property deal in the city in the commercial realty space.