REAL ESTATE NEWS

Hotel chains are branching out into smaller cities. Here's why

  • Hindustan Times
  • 16th Feb, 2019

They are cashing in on new IT hubs, a richer local population and increased tourism.

Have sought Rs 5,000 crore loan for housing for urban poor, says Tamil Nadu CM

  • ET Realty Residential
  • 16th Feb, 2019

Inaugurating the 12th edition of the Credai’s FAIRPRO 2019 at Chennai Trade Centre, in Nandambakkam, Panneerselvam said the new housing facility will help the poor people in urban areas.

Nine properties sealed in South Delhi for land-use violations

  • ET Realty Hospitality
  • 16th Feb, 2019

The action was taken on the direction of Supreme Court-appointed monitoring committee looking at land-use violations.

Cidco declares online lottery draw of 1,100 flats in Navi Mumbai

  • ET Realty Residential
  • 15th Feb, 2019

The applicants who missed out last October’s draw participated in large numbers for the 1,100 homes. An overwhelming 57,700 valid applications were received.

Contest to spot sustainable technology for PMAY units

  • ET Realty Residential
  • 15th Feb, 2019

The challenge intends to identify and pilot “proven demonstrable technologies” from across the world.

Mumbai: Shaky building razed, 120 families homeless

  • ET Realty Residential
  • 15th Feb, 2019

While about 50 families arranged temporary accommodation, around 70 families said they had no choice but to live in the building compound

Notices to 20 hotels & restaurants in Agra for violation of fire safety norms

  • ET Realty Hospitality
  • 15th Feb, 2019

After conducting an inspection of several hotels and restaurants in the city, the department has slapped notices to 20 hotels and restaurants for violation of fire safety norms.

Over 95% hotels in Ghaziabad do not have fire NOC

  • ET Realty Hospitality
  • 15th Feb, 2019

The report, prepared by the fire department following an inspection, has been sent to Ghaziabad Development Authority (GDA) for action, officials said on Thursday.

Noose tightens around hotels & buildings in Varanasi evading property tax

  • ET Realty Hospitality
  • 15th Feb, 2019

The drive led to over 200% jump in tax collection of the VMC in past two-three months.

MG Motor India buys 46,000 sq ft space in Gurugram for Rs 150 crore

  • ET Realty Commercial
  • 15th Feb, 2019

Out of the total, 33,300 sq ft will be for the office space while rest will be used as showroom and brand store. The office will be ready in the next two months.

Brigade plans to invest Rs 4,000 crore for commercial realty

  • ET Realty Commercial
  • 15th Feb, 2019

Brigade Enterprises has chalked out plans to launch another 8.2 million sq. ft of office and retail space in cities such as Bengaluru and Chennai over the next three years. It already has a partnership with Singapore-based private equity firm, GIC Singapore.

Home buyers in Noida want fire safety devices rechecked

  • ET Realty Residential
  • 14th Feb, 2019

Buyers claimed that most apartments which have been given completion certificates may still lack basic fire control equipment.

Will colony transfer to Gurugram civic body improve amenities? Not everyone's convinced

  • ET Realty Residential
  • 14th Feb, 2019

In Sushant Lok 1 too, residents expressed similar sentiments. “We just hope that all hurdles are removed and MCG starts work immediately. There are no good roads or functional lights here. The sewer lines are overflowing,” said Neelu Sharma, a resident.

Kochi metro rehabilitated tenants, paid owners

  • ET Realty Residential
  • 14th Feb, 2019

The land and the buildings have been in the possession of the tenants for years, and the repeated attempts of the owners to get them out of these places have turned out to be futile.

Collecting rent an uphill task for building owners in Kochi

  • ET Realty Residential
  • 14th Feb, 2019

With the tenants refusing to pay rent citing losses or inability to breakeven, the owners are left helpless, contemplating fighting tiresome legal battles.

Bengaluru set to witness 6.6% office rental growth in 2019: Report

  • ET Realty Commercial
  • 14th Feb, 2019

While the estimated growth in office rental values in Bengaluru by end of 2019 is expected to be 6.6% over 2018, New Delhi is expected to see a rise of 6.5% in prime rental values in 2019.

Free cement bricks for LIFE Mission beneficiaries in Mangalapuram

  • ET Realty Residential
  • 13th Feb, 2019

President of Mangalapuram Panchayath Vengode Madhu inaugurated the first phase of distribution of the bricks here on Tuesday.

Residential sales rises 5% in tier-I cities in Q3 FY19: Report

  • ET Realty Residential
  • 13th Feb, 2019

The residential sales was recorded at 69,886 units in Q3 of FY19 as compared to the same period last year, mainly driven by affordable housing segments, said a recent report by Liases Foras report.

Delhi: How hotels flout norms to get most of limited space

  • ET Realty Hospitality
  • 13th Feb, 2019

​​From rooftop restaurants to bars in the basement, most of the owners have constructed wooden flooring and fibre glass ceilings to compete with each other.

IHG buys Six Senses Hotels business for $300 million

  • ET Realty Hospitality
  • 13th Feb, 2019

IHG, which has been pressured by competition from online rental services like Airbnb, has looked to re-focus on competing with the sprawling luxury portfolios run by Marriott and Hilton.

Brookfield Asset Management set to buy Hotel Leelaventure

  • ET Realty Hospitality
  • 12th Feb, 2019

Leelaventure did not respond to an email seeking comments till going to press, while Brookfield declined to comment.

NCR records 2.2 million sq ft absorption in Q4 2018: Report

  • ET Realty Commercial
  • 12th Feb, 2019

Overall in 2018, Delhi’s office market recorded gross absorption of 770,000 sq ft while Gurugram witnessed gross absorption of 5.4 million sq ft. NOIDA’s office market witnessed record leasing activity in 2018 at 3.9 million sq ft.

Empress Mall, hotel built on industrial land in Nagpur

  • ET Realty Hospitality
  • 11th Feb, 2019

Now, the current officials have made it mandatory for the developer, KSL and Industries Limited, to get the user changed from industrial to residential and commercial.

Anil Ambani's Reliance Realty to build mega fintech hub in Navi Mumbai

  • ET Realty Commercial
  • 11th Feb, 2019

​​The proposed leasable or saleable development will be double the size of the commercial office space in Mumbai’s Bandra Kurla Complex (BKC), estimated at 15 million sqft currently.

WeWork’s arm picks up entire commercial building with 1 lakh sq ft carpet area

  • ET Realty Commercial
  • 11th Feb, 2019

​The firm had earlier leased 1.9 lakh sq ft of standalone building owned by the Enam Securities Group in Mumbai’s business district Bandra-Kurla Complex. ​

KKR’s NBFC arm invests RS 725 crore in Embassy Group's commercial project

  • ET Realty Commercial
  • 11th Feb, 2019

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

Tamil Nadu sanctions over Rs 2,600 crore for Chennai metro phase-2

  • ET Realty Infrastructure
  • 10th Feb, 2019

JICA has approved Rs 20,196 crore to build the priority corridor of 52.01km from Madhavaram to Sholinganallur, and Madhavaram to CMBT.

Budget 2019: Hits and misses for realty

  • Hindustan Times
  • 9th Feb, 2019

Tax benefits and incentives for affordable housing could help sector in the long run, but clarity on GST and a solution to the NBFC liquidity crunch are crucial too, say experts.

Bengaluru: Diageo sells 30,000 sq ft space in UB Tower to DivyaSree Group

  • ET Realty Commercial
  • 8th Feb, 2019

The UB space is a premium office building in Bangaluru and the spirits maker is selling the real estate it received as part of a settlement with the UB Group in 2016 to unlock its value.

Smartworks leases 3 lakh sq ft space in NCR

  • ET Realty Commercial
  • 7th Feb, 2019

With these new leases, Smartworks’ total footprint in India has touched two million sq ft with total investment of $30 million so far.

WeWork picks South Africa for first African foray

  • ET Realty Commercial
  • 7th Feb, 2019

In South Africa, WeWork will sign a revenue-sharing lease with Redefine, which broadly means the rent would depend on the revenue it generates from subletting the space

Value per square foot: How home layouts are changing in Mumbai

  • Hindustan Times
  • 2nd Feb, 2019

As the average Mumbai flat gets smaller, the number of rooms has grown, and layouts have changed to shrink the kitchen, expand the living room. A look at the factors at play.

Oyo in advanced talks to acquire Innov8 for Rs 200 crore

  • ET Realty Hospitality
  • 30th Jan, 2019

Oyo, flush with funds, has been scouting for deals in the co-working segment for a while, at the behest of SoftBank, the people said.

Maharashtra to develop integrated city bigger than Navi Mumbai in Raigad

  • ET Realty Infrastructure
  • 28th Jan, 2019

The city will come up on the banks of Kundlik river in four talukas over 19,147 hectares area.

Realtors in Noida upbeat but see no quick gains from Aqua metro line launch

  • ET Realty Infrastructure
  • 25th Jan, 2019

According to real estate experts, the metro line is a boon for new residential sectors of Noida — sectors 137, 142, 143, 144 on one side of the road, and sectors 168 and 150 on the other side.

Organised Indian retail to capture 19% market share by 2020

  • ET Realty Retail
  • 23rd Jan, 2019

According to Anarock Property Consultants, around of 39 mn sq. ft. retail spaces coming up between 2019-2022, 71% in metros & Tier 1 & 29% in Tier 2 & 3 cities.

Cooking in the cloud: Co-working enters the F&B space

  • Hindustan Times
  • 19th Jan, 2019

Shared kitchens, collaborative food courts — new formats are emerging for real-estate in the food and beverages sector.

Realtor Kakade Group to sell 50% stake in Lonavala project to Malpani Group

  • ET Realty Hospitality
  • 18th Jan, 2019

The project involves 150-key luxury resorts and 40 branded villas to be located along Lake Pawana. Kakade Group has already signed a contract with Indian Hotels Company to manage the luxury resort.

Pune development body to reimburse 10,000 landowners for first stretch of ring road

  • ET Realty Infrastructure
  • 17th Jan, 2019

The PMRDA has acquired 24% of the land — in Kadambavasti, Wagholi and Vadachiwadi — for the stretch.

Mid-2020 is new deadline for Navi Mumbai airport

  • ET Realty Infrastructure
  • 16th Jan, 2019

Aviation sources said the new deadline too would be impossible to meet. Tenders for construction of the airport haven’t been awarded yet. Also, land for construction of airport hasn’t been entirely procured.

Over 2,000 properties issued notices for land acquisition for Chennai metro

  • ET Realty Infrastructure
  • 15th Jan, 2019

Preliminary work to build the corridor from Lighthouse to CMBT, covering around 17km, has begun.

Homes in T Nagar will have to make way for Chennai metro

  • ET Realty Infrastructure
  • 15th Jan, 2019

​​The proposed acquisition, making residents and property owners run from pillar to post, is for one of the three corridors planned.

Developers are wooing buyers with top-chef dinners, marathons, wellness events

  • Hindustan Times
  • 12th Jan, 2019

The aim is to build their brands, create a community of residents and potential buyers.

Land acquisition for Jewar airport to start by January-end

  • ET Realty Infrastructure
  • 12th Jan, 2019

According to divisional commissioner Anita Meshram, the administration had sent its report on the land to the state government under Section 19 of Land Acquisition Act. The acquisition will start once the notification is issued.

Maharashtra clears phase II of Nagpur metro worth Rs 11,216 crore

  • ET Realty Infrastructure
  • 9th Jan, 2019

MahaMetro managing director Brijesh Dixit said that the detailed project report (DPR) will go to union ministry of housing and urban affairs (MoHUA) and other concerned ministries

North-South corridor of Lucknow metro to become operational by February

  • ET Realty Infrastructure
  • 9th Jan, 2019

The 23-km stretch will have 21 stations and the maximum fare will be Rs 60.

Developers go green with sustainable design, tech in commercial buildings

  • Hindustan Times
  • 5th Jan, 2019

Payoffs include lower operational and construction costs.

Pune cantonment board threatens to close SGS mall over Rs 31 crore property tax dues

  • ET Realty Retail
  • 19th Dec, 2018

“The mall’s annual property tax bill is in the range of Rs5-6 crore. It has dues pending since 2011. The mall owner paid Rs7 crore, but Rs31 crore dues is pending,” a PCB official said.

Retail sector to witness addition of 13.5 million sq ft space in 2019: Anarock

  • ET Realty Retail
  • 17th Dec, 2018

Among the major metros, both Bengaluru and NCR are expected to see seven operational malls in each city, followed by five in Hyderabad, three in MMR and one in Chennai, said the data.

Phoenix Mills transfers Insight Mall Developers equity to Island Star Mall Developers

  • ET Realty Retail
  • 12th Dec, 2018

Insight Mall Developers now a step-down subsidiary of Phoenix Mills

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.

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.

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.

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.

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.

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.

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.

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.