REAL ESTATE NEWS

Jewar Airport: Gautam Buddh Nagar admin sends land-acquisition proposal to UP govt

  • ET Realty Infrastructure
  • 18th Oct, 2018

A total of 5,000 hectares of land is to be acquired for the greenfield airport, proposed to be built at an estimated cost of Rs 15,000 to Rs 20,000 crore.

Mumbai: Dharavi to be redeveloped as a whole with 80% private stake

  • ET Realty Residential
  • 17th Oct, 2018

A special purpose vehicle (SPV) will be set up-with 80% private stake and 20% government contribution- to execute the Rs 22,000-crore project. Global tenders will be issued for its construction, said housing minister Prakash Mehta.

UP-RERA asks buyers of Subhkamna Tech Home to come-up with own plan to finish project

  • ET Realty Residential
  • 17th Oct, 2018

The buyers claimed they have paid up 90-95% of the cost of the flats to the builder, amounting to Rs 200 crore, and are left with no other option but to take the onus of completing the project as the real estate company, Subhkamna Buildtech, is in a mess.

Singapore revises rules to counter 'shoebox apartment' problem

  • ET Realty Residential
  • 17th Oct, 2018

The guidelines, which apply to applications for developments outside the central area received on or after Jan. 17 next year, tighten rules first introduced in 2012.

Diageo to sell office space in Bengaluru's UB Tower to DivyaSree Group

  • ET Realty Commercial
  • 17th Oct, 2018

The deal to sell 30,000 sq ft, pegged at Rs 28,000 per sq ft, will be the highest ever fetched in the city’s office market.

How Tamil Nadu goverment built a house using reinforced thermocol

  • ET Realty Residential
  • 16th Oct, 2018

It is the government’s first ‘modular panel’ structure constructed using reinforced thermocol panels instead of bricks. The building cost Rs 15 lakh, which is 30% less than what is spent using conventional construction methods

Greater Noida: Airwil Intellicity buyers to move HC seeking refund

  • ET Realty Residential
  • 16th Oct, 2018

The buyers, who have already approached the Greater Noida bench of the Uttar Pradesh Real Estate Regulatory Authority (UP-Rera), said they are waiting for a conclusion of the UP Rera proceedings.

Buyers can seek higher compensation than what is specified in contract: NCDRC

  • ET Realty Residential
  • 15th Oct, 2018

The commission directed the builder to pay Rs 5 lakh compensation to one Govid Paul of Punjab over and above the refund amount for inordinate delay in handing over a flat. It imposed Rs 50,000 litigation cost on the builder as well

Kolkata tops new housing launches in Q3 2018: Anarock

  • ET Realty Residential
  • 15th Oct, 2018

The top seven cities (NCR, MMR, Chennai, Bengaluru, Pune, Kolkata and Hyderabad) saw 52,150 new units launched in Q3 2018. This is a low single digit increase of three per cent over Q2 2018 of 50,600 units.

Home sales up 15% in Jul-Sep in top seven cities: Anarock

  • ET Realty Residential
  • 15th Oct, 2018

Sustained conversion of enquiries into purchases suggests that builders are offering solutions within reasonable budgets and sticking to delivery timelines.

Special regularization scheme in Nagpur may be extended by six months

  • ET Realty Residential
  • 14th Oct, 2018

Only 343 applications were received in the last six months despite the number of violators expected at over 4,000

Mhada to lower cost of some apartments as demand falls

  • ET Realty Residential
  • 14th Oct, 2018

In fact 28 buyers who won flats in Mhada's previous lottery had surrendered their homes when they found the size was too small and the price exorbitant. Those houses are up for bid again

YEIDA CEO to manage affairs of nodal company for Jewar airport

  • ET Realty Infrastructure
  • 14th Oct, 2018

Arun Vir Singh, who had been asked on August 28 to assume the additional responsibility as NIAL’s CEO, took charge on Saturday

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.

Land ownership issue may delay Thane metro work

  • ET Realty Infrastructure
  • 13th Oct, 2018

Sources from the MMRDA that is executing the Rs 19,000 crore metro project said, they have been assigned around 24 acres land in Waghbil village from the Thane revenue department for developing a casting yard

Bombay HC seeks NHSRCL, TMC's reply on builder's land reserved for bullet train project

  • ET Realty Infrastructure
  • 11th Oct, 2018

According to the notice, the building was coming up on the land reserved for the bullet train project spread across three districts of Maharashtra.

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.

MSRDC plans to sell or lease out Mumbai-Pune Expressway land

  • ET Realty Infrastructure
  • 6th Oct, 2018

The Maharashtra State Road Development Corporation (MSRDC) has plans to sell or lease out 1,000 acres along the Mumbai-Pune Expressway.The land is valued around Rs 12,000 crore.

Environmentalists oppose up to 4 FSI along Pune metro route

  • ET Realty Infrastructure
  • 6th Oct, 2018

They claimed that the move would pump in as high as 11,040 hectare of FSI, which has the potential to create “a massive concrete jungle” in the city

NHAI to take up Dwarka Expressway's Gurugram section in Nov

  • ET Realty Infrastructure
  • 5th Oct, 2018

The NHAI is ready to commence work on the Haryana section of the expressway and will complete the formalities within four weeks with construction major L&T, which will build this 18km stretch

Residential complexes can now be built around railway stations

  • ET Realty Infrastructure
  • 4th Oct, 2018

The Cabinet approval has cleared the way for the railways to commercially develop land and air space in and around stations and also provided for a longer lease tenure of up to 99 years from the previous 45 years.

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.

Uttar Pradesh set to invite bids in November for Jewar airport developer

  • ET Realty Infrastructure
  • 29th Sep, 2018

If the government sticks to this timeline, the airport’s first phase, with two runways, is likely to be operational in 2022-23

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

IL&FS crisis may hit work on two metro lines in Bengaluru

  • ET Realty Infrastructure
  • 23rd Sep, 2018

IL&FS bagged the Rs 327-crore contract in April 2015 for the construction of viaduct and stations on the 3.95km stretch from the existing Mysuru Road station to Pattanagere

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.

This festive season, here's how to make the most of realty offers

  • Hindustan Times
  • 15th Sep, 2018

Developers are offering slashed rates, 0% EMI till construction is complete and gifts on booking. The deals are sweet, but do your research, say experts

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

Pull up a chair: Co-working spaces are changing again

  • Hindustan Times
  • 12th Sep, 2018

Players are moving into high­-end malls and five-­star hotels to offer integrated ecosystems that let you shop, read, eat while at work.

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%

What does it take to build homes hundreds of metres above the ground?

  • Hindustan Times
  • 4th Sep, 2018

Analysing wind patters, investigating soil, excavating until you hit bedrock — there’s a lot that goes into building a skyscraper.

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

NDMC meet to decide Taj Mansingh hotel’s future

  • ET Realty Hospitality
  • 22nd Aug, 2018

The top brass of NDMC did not spell out what are the options being considered for Taj Mansingh, which was leased out to Tata Group’s Taj Hotels for 33 years in 1978

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.

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.

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

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

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

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

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

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)

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

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