New Delhi, March 3 : Tata Housing Development Company, a unit of Tata Group, Monday said it will invest Rs. 1,200 crore in 12 projects in eight major cities in India by 2018.
Addressing a media conference here, managing director and chief executive officer of Tata Housing Brotin Banerjee said the company targets a market share of 25 percent by 2018 in senior living segment.
Tata Housing unveiled its expansion plans for the senior living brand “Riva Residences”.
According to the latest report released, the property prices are rising across the UK, even in areas beyond London and the south-east.
Anew report by data from property researchers Hometrack showed that prices up in more than half the country for the first time in a decade. The prices rose 51 per cent of postcodes in February inEngland and Wales. The average prices rose 0.7 per cent, which is the biggest monthly rise since April 2007.
Melbourne, February 20 : Real estate has blossomed as one of the most popular jobs of 2013 in Australia.
Property and Real Estate have emerged as the fastest-growing job category of 2013 on the CareerOne, SEEK and MyCareer websites and has fuelled an unprecedented growth in jobs, the Daily Telegraph reported.
According to the county's top three job searching websites, the real estate industry saw a 25 percent increase in jobs posted online between 2012 and December last year.
Intensifying its focus on London, Indian developer Lodha Group bought a second prime property in the city for £90 million (around Rs 920 crore) from West End of London Property Unit Trust.
Mumbai-based Lodha Group said it bought a property called New Court, which is situated on Carey Street, next to the London School of Economics & Political Science and the Royal Courts of Justice.
The total land area is 1.15 acres with a sale-able area of around two lakh square feet.
Amman, Feb 17 - Jordan's Lower House Sunday called for revoking the nation's peace treaty with Israel as the Israeli Knesset sought to end Jordan's role in the protection of the holy sites in Jerusalem.
The 150-member house called on the Jordanian government to submit a law to revoke the peace treaty, which Jordan and Israeli signed in 1994, Xinhua quoted a statement issued by the house's Palestine Committee as saying.
Hit hard by a one-off loss, Indian real estate developer DLF Ltd on Friday reported a decline of 49 per cent in its quarterly net profit.
The country's biggest real estate developer said in a statement that its consolidated net profit slipped to Rs 1.45 billion in the October-December quarter of current fiscal, from Rs 2.85 billion in the corresponding quarter of the previous fiscal.
The third quarter results included an exceptional charge of Rs 4.11 billion over a 'foreseeable loss' on account of a settlement of a dispute with the Delhi Development Authority (DDA) over a real estate project.
According to a new report, if the wages had risen at the same page as the housing prices in the UK, an average couple would be earning £44,000 a year more today.
The report states that if the salaries had risen as fast as house prices since 1997, people would be earning tens of thousands of pounds more each year. It showed that in most expensive region, house price-earnings gap reached the £100,000 barrier. The average annual household's earnings would have to be £158,000 higher than actual today in Westminster in London if wages rose along with the housing prices.
Shaftesbury PLC, a leading property company focused on London's Soho and other West End districts, has said that the business has remained strong in the market.
The company said that the business was strong for its tenants even after weather affected market conditions. It recorded strong demand across properties in Carnaby Street, Chinatown, Charlotte Street and other West End "villages" during the four months till 6 February, 2014.
US-based banking giant Morgan Stanley confirmed on Tuesday that it would pay $1.25 billion to the U. S. regulator to settle the charges that it misled investors on the sale of mortgage-backed securities prior to the housing bust.
In September 2011, the U. S. Federal Housing Finance Agency (FHFA), the conservator of Freddie Mac and Fannie Mae, accused Morgan Stanley of making untrue statements and material omissions in the sale of nearly $11-billion worth of mortgage securities.
Shares of real-estate firms Godrej Properties and Oberoi Realty enjoyed significant gains in early morning trade on Friday, thanks to the Supreme Court's favourable verdict on Mumbai private forest land.
The apex court on Thursday quashed all prior notices and orders regarding encroached forest land in different areas bordering the rambling Sanjay Gandhi National Park in Mumbai.
Crest Nicholson, a leading home builder in the UK, has said that it has recorded as strong 40 per cent rise in pre-tax profits to £86.8 million.
The company sold 2172 houses in the 12 months to October, 2013, which is 15 per cent higher than the previous year. Crest Nicholson utilised the government's schemes to boost business as it took 600 reservations under the 'Help to Buy' scheme. The company was taken private by Sir Tom Hunter and Bank of Scotland but has been listed since one year.
New Delhi, Jan 23 : Real estate firm Supertech Thursday said it will set up a university in Uttarakhand that will require an investment of Rs. 750 crore in the first phase, expected to be completed by the end of 2015.
This is the first venture of the real estate major in the education sector. The new university will be located in Udham Singh Nagar district of Uttarakhand, 237 km from the national capital Delhi.
According to a new report, the asking price for properties in the UK recorded its highest increase during the December-January period.
Rightmove, a leading property website said on Monday, said that the prices are rising significantly in the country raising concerns over a property bubble in the UK. The report showed that price of properties coming on to the market increased 1 per cent between December 9 and January 11, which is its highest gain since 2002.
Experts have said that the number of homes in the Scottish housing market has increased as the sector continues to record strong recovery.
According to chartered surveyors, a total of 44 per cent of the experts said new instructions increased in December, which is the highest proportion in the UK. The survey also showed that 55 per cent more experts reported a rise in new buyer inquiries in Scotland indicating that the demand for homes increased in the region.
Barratt Developments, a leading home builder in the UK, has said that it expects its sales to rise 71 per cent to nearly £1.3 billion in the first half of its financial year.
Analysts have said that government owned mortgage security firms, Fannie and Freddie might be too profitable to be shut down, as planned by the government.
The government has offered to save mortgage finance giants Fannie Mae and Freddie Mac in 2008. This involved the largest of the bailouts with a conbined $187.5 billion because the government thought that they were too big to fail.
According to a new survey, the British capital, London has overtaken New York as the best city in the world to make investments in real estate.
A survey released by a global investor group yesterday showed that London increased its lead over New York, pushing the US city to the second position worldwide. The survey showed that about quarter of the points awarded to a range of worldwide cities were given to London in 2013. New York was in the second position with just more than 20 per cent points.
According to a new survey, more than a third of the people who have rented houses or those who have mortage payments, have said that they might face difficulties with payments during the year, 2014.
According to a new survey, a total of about 3,600 people for homelessness charity Shelter showed that those with children are worst affected due to the economic conditions. About 70 per cent of the respondents have said thay are already finding it difficult to keep up with the payments and some are already falling behand schedules.
According to the latest figures released, the housing prices in the British capital, London have risen more than 10 per cent during the month of December.
The increasing prices of homes in London are increasing the gap between housing prices in the south-east of England and the rest of the UK. Latest official figures showed that the London housing prices are rising at a much faster rate than the rest of the UK and creating an large North/South divide in property values.
According to the latest figures released, the housing prices have increased in England and Wales by around 4.4 per cent during the year, 2013.
The data also showed that the housing prices rise the highest at around 9 per cent in London during the good year for the housing market backed by support schemes from the government and increasing demand. Demand for housing units remained much higher than availability and this pushed up prices across the UK including in southern England.