REAL ESTATE NEWS

Can all Noida homes have independent meters in three months? It's a tough road

  • ET Realty Residential
  • 10th Dec, 2018

​​There are about 250 residential projects (including old and new housing societies) in Noida and 204 in Greater Noida and Greater Noida (west).

Mumbai: Housing society residents get building redeveloped without a developer

  • ET Realty Residential
  • 10th Dec, 2018

​​​What makes this redevelopment so unique is that the entire project - from conception to construction- has been executed by the society members themselves without a builder.

Connaught Place sixth most expensive office market in Asia Pacific: JLL

  • ET Realty Commercial
  • 10th Dec, 2018

The average occupancy costs – including rent, taxes and service charges – in Connaught Place are at $142, which is higher than Pudong in Shanghai, Shinjuku in Tokyo and even Singapore.

91springboard plans capacity expansion

  • ET Realty Commercial
  • 10th Dec, 2018

The company recently raised $10.2 million from Singapore-based marketing technology company FreakOut. With this fourth multi-million dollar round, the co-working office provider has raised $33 million.

A place of her own: Tracking the growing number of women realty buyers

  • Hindustan Times
  • 8th Dec, 2018

Sops such as lower interest rates on loans and minimal downpayments are seeing more homes bought in the woman’s name.

Gurugram: Four years gone, Emaar Palm Hills buyers still wait for flat handover

  • ET Realty Residential
  • 8th Dec, 2018

Several investors alleged that the developers failed to deliver all promises made by them, including possession of flats before the deadline, high construction quality and a good layout plan even after receiving 90% of the payment.

Mhada gets over 120 entries for its costliest Rs 5 crore South Mumbai flats

  • ET Realty Residential
  • 8th Dec, 2018

Three two-bedroom flats in Dhavalgiri building near August Kranti Maidan and Grant Road station, are priced at Rs 5.8 crore, Rs 5.1 crore and Rs 4.9 crore. The lottery will be drawn on December 16.

Jewar airport to be built on PPP mode

  • ET Realty Infrastructure
  • 8th Dec, 2018

A government order has been issued by the Civil Aviation Department after a nod from the state cabinet.

Four lakh houses will be built in Karnataka for the underprivileged: UT Khader

  • ET Realty Residential
  • 7th Dec, 2018

The minister said that he was looking to collect feedback to help improve living experience in urban spaces in the state.

Housing societies in Mumbai ready to go green if govt offers tax sop

  • ET Realty Residential
  • 7th Dec, 2018

Housing societies will be taking up over 70 different initiatives and will showcase them at the Housing Society Management Show (HSMS-2018) slated between December 14 and 16 at Nehru Centre, Worli, said association chairperson Ramesh Prabhu.

Tenants in non-cessed buildings to become flat owners after redevelopment: BMC

  • ET Realty Residential
  • 7th Dec, 2018

​​Also, if a tenant has transferred the pagdi system flat in the name of another person after completing the required legal formalities, the new occupant will have equal rights and will be eligible to get accommodation after redevelopment.

Govt needs Rs 1 lakh crore in 3 years to build 1 crore houses: CRISIL

  • ET Realty Residential
  • 6th Dec, 2018

The central government needs to contribute Rs 1.5 lakh crore in seven fiscals through 2022, at an average Rs 1.5 lakh per house. However, only 22% of this, or Rs 32,500 crore, has been disbursed so far, CRISIL said in release.

Regularize need-based changes in Chandigarh housing board flats

  • ET Realty Residential
  • 6th Dec, 2018

​​Members of the residents’ body submitted a representation to UT administrator V P Badnore in this regard on Monday.

NPCCL to develop over 200 residential quarters for CBIC officials in Delhi

  • ET Realty Residential
  • 6th Dec, 2018

The residential project will cost about Rs 211 crore and is expected to be completed within 34 months.

Smartworks leases 3 lakh sq ft space in Bengaluru

  • ET Realty Commercial
  • 6th Dec, 2018

The facility is scheduled to be operational from December 2018. With more than 60 percent of the space having been pre-booked by leading enterprises including Deluxe with 1200 seats, Altron with 220 seats and Playgames 24X7 with 450 seats.

GNIDA approves extension of Greater Noida phase-II metro

  • ET Realty Infrastructure
  • 5th Dec, 2018

The first phase of the project which will have 5 stations - starting from Noida sector 71 and go on to sector 122, sector 123, sector 4 to Greater Noida west at Ecotech 12 and culminate in Greater Noida sector 2 - will kick-off soon, sometime in 2019.

Co-working spaces are spreading to non-metro cities, wooing start-ups in towns

  • Hindustan Times
  • 3rd Dec, 2018

As entrepreneurship catches on, factors like availability of land and low-cost lease rates are contributing to the growth of this realty segment.

Indiabulls Housing Finance exits from Gaurs Group's project in Greater Noida

  • ET Realty Retail
  • 3rd Dec, 2018

The debt was raised 1.5 years back and was used for the construction of Gaur City Mall in Greater Noida West, the company said.

Notification to acquire land for Pune airport not expected soon: MADC

  • ET Realty Infrastructure
  • 3rd Dec, 2018

Chief minister Devendra Fadnavis had earlier stated that the land acquisition for the project would start “very soon”.

Hyderabad's Aparna Construction to invest Rs 1,700 crore in commercial real estate

  • ET Realty Commercial
  • 1st Dec, 2018

The Hyderabad-based construction major plans to develop over five million sq ft of office space and around a million sq ft of retail projects across Andhra Pradesh and Telangana to drive growth.

Mumbai DP 2034 still shows land parcels in sea and mangroves

  • ET Realty Infrastructure
  • 29th Nov, 2018

Urban planners, activists cry foul over ‘draftsman’s mistakes’ in Development Plan; write to Ajoy Mehta

Office absorption across top 7 markets seen up 16% at 33 million sq ft in 2018, report

  • ET Realty Commercial
  • 29th Nov, 2018

In 2019, these top seven markets of Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Pune and Kolkata together are forecast to record an all-time high net absorption of over 37 million sq ft, the level achieved in 2011, said a JLL India report.

Office rentals see double digit growth in Q3

  • ET Realty Commercial
  • 28th Nov, 2018

Office rental values increased 9.4-32% from a year earlier in the micro-markets of Bengaluru, Kolkata, Pune and Chennai in the third quarter of 2018, placing them in the top 10, as per Colliers International.

Google gets $1 billion large office park in Mountain View, California

  • ET Realty Commercial
  • 28th Nov, 2018

A Google representative confirmed the $1 billion purchase price for the office park but did not comment beyond that, the Mercury News reported on Monday.

Talks with residents to acquire land for Chennai MRTS fail again

  • ET Realty Infrastructure
  • 27th Nov, 2018

Last month, the Madras high court had appointed a negotiating committee comprising representatives from the Chennai Metropolitan Development Authority (CMDA),

OYO appoints Rohit Kapoor as head of its new real estate business

  • ET Realty Hospitality
  • 27th Nov, 2018

The appointment, effective December 6, will see Kapoor spearhead new real estate business opportunities for the company, which will include exploring new domains and categories, and other strategic initiatives, according to an official statement.

Supertech to sell three hotels, lease Supernova retail space to reduce debt

  • ET Realty Hospitality
  • 27th Nov, 2018

The company has debts of around Rs 2,500 crore and says will use the cash to complete its pending projects and reduce debt.

Absence of sewer networks in 1,500 unauthorised colonies major reason of Yamuna pollution: Monitoring committee

  • ET Realty Infrastructure
  • 26th Nov, 2018

The committee has directed authorities to come up with a plan for preventing pollution from these sources and for proper disposal of faecal sludge and other wastes, according to an action plan for rejuvenation of the Yamuna river, prepared by the body.

Godrej Fund, Godrej Properties ink JV with Hero Cycles for 4-acre Gurgaon plot

  • ET Realty Commercial
  • 26th Nov, 2018

The joint venture will develop, lease, and manage around 1 million sq ft of office and retail space on the four-acre property.

Puravankara to strengthen commercial portfolio, to add 10 million sq ft in five years

  • ET Realty Commercial
  • 26th Nov, 2018

Puravankara has already acquired strategic land parcels in Bengaluru, Mumbai, Pune and Hyderabad to fuel its expansion plan.

Goa government appoints REPL as adviser to set-up IT park in Chimbel

  • ET Realty Commercial
  • 26th Nov, 2018

REPL has been selected as a consultant for the project by Info Tech Corporation of Goa (ITG), the state government’s nodal agency for implementing the project.

Regulatory changes, rising consumption spur retail entries, expansions in India: Report

  • ET Realty Retail
  • 22nd Nov, 2018

The report also highlighted the limited availability of space in operational well-performing malls coupled with an upward pressure on real estate costs in these centers, as a concern for brands looking to enter the Indian market.

PMO intervenes to clear last hurdle in Dwarka expressway

  • ET Realty Infrastructure
  • 22nd Nov, 2018

Sources said National Highways Authority of India (NHAI) will need to get forest clearance for about four km out of the total 10km of the expressway, which fall in Delhi.

Metro gives Bengaluru's Hosur Road new realty life

  • ET Realty Infrastructure
  • 20th Nov, 2018

Hosur Road, comprising Begur, Kudlu Gate, Singasandra and Electronic City, is drawing attention because of the upcoming Metro rail line, which will improve connectivity to the central business district (CBD).

Starting young: Meet professionals buying homes before 30

  • Hindustan Times
  • 17th Nov, 2018

Higher incomes, entrepreneurial opportunities and easy access to information are factors helping guide their decision.

Land acquisition for Purandar airport to start soon: Maharashtra CM

  • ET Realty Infrastructure
  • 17th Nov, 2018

Responding to a text message, the chief minister said, “We will start the land acquisition process (for the project) very soon.”

IHG plans to tap mid-market brands in India

  • ET Realty Hospitality
  • 17th Nov, 2018

IHG will open 49 hotels across the country by 2020, largely under the Holiday Inn Express brand. The company plans to open 85% of its upcoming hotels under the mid-market brand.

Here's how to make your home smart in a sustainable way

  • Hindustan Times
  • 14th Nov, 2018

It’s not all smooth sailing when it comes to home automation. See how developers are tackling issues such as slow network speeds, backup and maintenance.

JLL India appoints Jaideep Dang to spearhead hotels and hospitality business

  • ET Realty Hospitality
  • 13th Nov, 2018

In his earlier stint with the firm from 2004 till 2011, Jaideep was instrumental in carving a premium positioning for JLL’s hotels & hospitality business.

About 40% Pimpri-Swargate metro route construction complete

  • ET Realty Infrastructure
  • 12th Nov, 2018

The corridor is 16.89km long. Of this, the corridor is elevated for 11.5km, section from Pimpri to Range Hills, and will run underground till Swargate for 5.09km.

Phoenix Mills looks to double its retail portfolio in next 4-5 years

  • ET Realty Retail
  • 8th Nov, 2018

The company is eyeing acquisition opportunities judiciously in key property markets across India to support its targeted growth, said a top company official.

We expect 9-10% growth in our revenue in FY19: Amin Nayyar, CEO, ANA Design

  • ET Realty Retail
  • 6th Nov, 2018

About 60 per cent of the company's revenue comes from Indian projects while the rest is generated from Middle East and Nigeria.

Phoenix Mills' consolidated net profit up 49% y-o-y in Q2 FY19

  • ET Realty Retail
  • 5th Nov, 2018

The company’s consolidated net profit for the half year ended in September rose 45% to Rs 121.8 crore, up 45% from a year ago. Revenue for the first half of the financial year rose 7% to Rs 817.9 crore.

IKEA scouting for land in Noida to establish its store

  • ET Realty Retail
  • 5th Nov, 2018

IKEA had signed an MoU with the Samajwadi Party government in 2015 to set up a store each in Lucknow, Agra and Noida with an investment of approximately Rs 500 crore in each.

Indore development body submits reply in Sayaji Hotel lease cancellation case

  • ET Realty Hospitality
  • 4th Nov, 2018

The details were submitted by them in their reply to an application by the hotel lease holders seeking a stay on the process of eviction.

New commercial hubs in metros are boosting residential realty too

  • Hindustan Times
  • 3rd Nov, 2018

There are business districts coming up on the outskirts of Pune, Bengaluru, NCR, even Kolkata.

Realty consultancies are stepping up to help young Indians buy homes abroad

  • Hindustan Times
  • 27th Oct, 2018

As more first-time buyers explore markets overseas, companies are helping broker deals, explain regulatory systems and tax laws.

On-site bakeries, schools and farms: housing complexes are piling on the frills

  • Hindustan Times
  • 13th Oct, 2018

The amenities in the projects on the fringes of metros are designed to lure buyers to otherwise less-developed neighbourhoods.

JM Financial, Brookfield close in on Leela Hotel deal

  • ET Realty Hospitality
  • 9th Oct, 2018

JM Financial ARC is in advanced talks to sell the debt of Hotel Leela to Brookfield, but it is keen to retain 10% stake in the chain post transaction.

Space upgrade: Premium living in cities comes in diverse shapes

  • Hindustan Times
  • 8th Oct, 2018

From horse stables in Ahmedabad and golf courses in Bengaluru to designer flats in Mumbai, the definition of luxury homes is changing.

Retail likely to grow to $1.3 trillion by 2020: Anarock

  • ET Realty Retail
  • 3rd Oct, 2018

Rapid urbanisation, digitisation, rising disposable incomes and lifestyle changes are boosting the sector.

Aerial shots, 3D photos: Drones are making home buying easier

  • Hindustan Times
  • 29th Sep, 2018

They can help in supervision of under-construction sites, let buyers experience the site using virtual walk-throughs.

Tata Group's Indian Hotels retains iconic Taj Mansingh hotel in NDMC auction

  • ET Realty Hospitality
  • 28th Sep, 2018

The auction which began on 11 am ended at 4 pm at a license fee of Rs 7.03 crore per month or 32.50% of the gross turnover of the property.

Ferns Estates and Developers forays into hospitality

  • ET Realty Hospitality
  • 26th Sep, 2018

In the first phase it will develop five resorts cum holiday-homes totalling 600 keys across holiday destination in Bengaluru

Fringes in focus: New realty hubs are emerging on the outskirts of MMR

  • Hindustan Times
  • 22nd Sep, 2018

Investment is growing in areas such as Karanjade, Boisar and Dronagiri, due to improved connectivity and infrastructure.

Prestige looks to acquire malls

  • ET Realty Retail
  • 15th Sep, 2018

It includes a mall management company, operating Oakwood serviced residences in Bengaluru and under-construction properties in Kochi

Indian malls resurge, e-commerce pose threat in Tier-II, III cities: Report

  • ET Realty Retail
  • 5th Sep, 2018

Both e-commerce and brick-and-mortar stores will continue to co-exist in India and the organized retail market is growing at compounded annual rate of 20-25%

Chennai leads retail realty growth in H1 2018: Report

  • ET Realty Retail
  • 4th Sep, 2018

India’s top seven cities witnessed an addition of about 1.9 million sq ft of fresh supply led by Chennai, Hyderabad and the National Capital Region (NCR), showed CBRE South Asia report

Taj Mansingh auction on Sept 28 under easier norms

  • ET Realty Hospitality
  • 3rd Sep, 2018

While Taj will be keen to retain its flagship Delhi property, which it has been famously running since 1978, for ITC it will be a chance to have another feather in its Delhi cap

NDMC relaxes eligibility criteria for Taj Mansingh bidders

  • ET Realty Hospitality
  • 24th Aug, 2018

The auction had to be put off twice as it got less than the required number of bids for the five-star property to go under the hammer, New Delhi MP and NDMC member Meenakshi Lekhi told reporters in New Delhi