New Delhi - Realty firm Godrej Properties Ltd on Monday said it has entered into an agreement with a land owner to develop an affordable housing project near Mumbai.
The project will have 1.3 million sq ft of saleable area.
"Godrej Properties has entered into a development management agreement to develop a property situated in Badlapur, Mumbai Metropolitan Region. It will be developed as an affordable housing project," Godrej Properties said in a statement.
Godrej Properties is the real estate arm of the Godrej Group.
Mumbai - Global private equity major Goldman Sachs has sold its entire 73 percent stake in City View Bangalore Properties to a JV floated by Blackstone and realty player Embassy Group for an undisclosed amount, exiting the project after several failed attempts since 2012.
Consultant firm J Sagar Associates, which advised Goldman, confirmed the deal but provided no details. Neither Goldman nor other PE funds could be immediately reached for comments.
City View Bangalore is building a hotel under Canada's Four Seasons brand besides apartments and offices in the garden city.
New Delhi - The Delhi Development Authority on Friday posted an online video guide on filling up of forms for its new housing scheme and precautions to be taken for it.
Running into over six minutes, the video is available on the 'DDA Housing Scheme 2014' page on its official website www.Dda.Org.In.
The video gives details, column by column, of the steps to be used in filling the form. It also elaborates on the precautions which could be taken while filling up the form, the urban body said.
DDA had earlier uploaded a video detailing the process of conversion of property from leasehold into freehold, it said.
New Delhi - Tata Value Homes, focused on affordable housing, has sold 85 houses worth Rs 40 crore in six days under its partnership with e-commerce major Snapdeal.
On August 28, Tata Value Homes launched an exclusive offer on Snapdeal, offering Rs 10,000 per month for a year as an assured rent (whether owners stay on premise or lease it out).
Chandigarh - The Punjab and Haryana High court on Tuesday set aside Haryana government's decision to allot 350 acres of land at Wazirabad in Gurgaon to real estate developer DLF in 2010.
A division bench of the court, comprising Justice Surya Kant and Justice Amol Rattan Singh, directed Haryana government to conduct an auction of the land in question by inviting international bids within a month.
London, August 28 : An architecture film is planning to build skyscrapers of the future which will house an entire city inside in London.
Speaking about the award-winning proposal by SURE Architecture, associate director Alina Valcarce said that the goal of the design is to conceive an open building that is effective as it is inviting and a powerful symbol in all directions while being permeated by generosity and openness, the Daily Star reported.
New Delhi : Real estate major DLF was on Wednesday directed by the Supreme Court to deposit Rs 630 crore fine slapped on it by the Competition Commission of India (CCI) for allegedly resorting to unfair business practices.
The apex court said the total ammount will be deposited within three months with its Registry pending the outcome of the appeal filed by DLF against May 19 order of Competition Appellate Tribunal's upholding the penalty of Rs 630 crore imposed by the CCI.
"We direct the appellant (DLF) to deposit the amount of Rs 630 crore in this court," a bench comprising justices Ranjana Prakash Desai and N V Ramana said in its interim order.
New Delhi - To increase business in the festival season, Punjab National Bank (PNB) Tuesday said housing loan of up to Rs 2 crore will attract 10.25 percent interest rate and also announced full waiver of processing fee and documentation charges on housing, car and two-wheeler loans.
Under the festival season bonanza offer for retail loans, housing loans of over Rs two crore will attract interest of 10.50 percent.
The festival bonanza, launched today, would contribute to the growth of GDP and with the onset of festival season, PNB said in a statement.
New Delhi - Tata Value Homes, a real estate firm focussed on affordable housing, has partnered with e-commerce major Snapdeal to sell houses through the online marketplace model.
As part of the partnership, about 1,000 homes across projects in cities like Mumbai, Pune, Ahmedabad, Bangalore and Chennai will be put up for sale on Snapdeal. Ranging from 1 BHK to 3 BHK, the houses are priced between Rs 18-70 lakh.
New Delhi: Housing sales dropped by 37 percent in Delhi-NCR to nearly 28,500 units during the first six months of this year due to slowdown in the property market, real estate consultant Knight Frank said on Tuesday.
In the year-ago period, the National Capital Region (NCR) had witnessed sales of 45,300 housing units.
Launches of new homes in NCR fell by nearly 43 percent at 35,500 units during January-June 2014 as compared with the corresponding period of last year.
New Delhi: HDFC Property Fund, a part of financial sector conglomerate HDFC group, Friday announced the closure of USD 250 million international fund focused on investing in Indian real estate.
The fund-raising exercise has been concluded with investments from marquee international institutional investors and marks closure of HDFC's second international real estate fund, it said in a statement.
HDFC had raised an international fund of USD 800 million in 2007, which is fully deployed.
The recently closed fund will focus on investing primarily in residential property developments in major cities across India.
New Delhi: Realty firm Parsvnath Developers will consider raising foreign funds in two commercial projects in the national capital that have now become FDI compliant after the government eased rules in the Budget.
At an investment of about Rs 600 crore, the company is developing a commercial project on KG Marg near Connaught Place and a shopping mall at Rohini here.
The company would also explore listing of about 12 Delhi Metro malls through Real Estate Investment Trusts (REITs) as tax sops offered in the Budget for this instrument have paved the way for its launch in the Indian market.
Mumbai: Shares of realty major DLF turned weak today on the back of fair trade regulator CCI ordering a fresh probe against the company.
DLF stock was down nearly 2 per cent at Rs 215.20 at the BSE in late morning trade in an overall flat market, where the benchmark Sensex was almost unchanged at 25,367 points.
The Competition Commission of India (CCI) has ordered a probe against a DLF group company for allegedly imposing unfair and unreasonable conditions on office buyers at one of its commercial projects in Gurgaon.
Mumbai, May 30 : The scrip of India's real estate development major DLF gained 4.04 percent on back of healthy earnings in the fourth quarter of the last fiscal ended March 31.
In the initial trading hours at the Bombay Stock Exchange (BSE) the company's stocks gained as much as 4.04 percent at Rs. 212 from its previous close of Rs. 203.75.
The scrip's gain stood at 1.94 percent or 3.95 points at Rs. 207.70 around 2.00 p. m.
Noida, May 24 : Real estate player Brys Group plans to invest Rs. 900 crore-Rs. 1,000 crore over the next four years in a project that will be north India's tallest residential tower, Rahul Gaur, chairman-cum- managing director of the company, said here Saturday.
“We will invest around Rs. 900 crore-Rs 1,000 crore and the project will be completed by 2018. We are financing the project with both bank and our finance,” he said.
Located in Noida, Sector 150, the residential tower named "Brys Buzz", will be 81-storeyed with 111 elevators and a helipad on the top of the building.
New Delhi, April 23 : India's largest real estate developer DLF Wednesday said it leased out three million sq ft of office space in the financial year ended March 31, 2014. More than half of it is in Gurgaon.
Of the three million sq ft it leased out, a record 1.7 million sq ft has been leased out in Gurgaon alone, the company said in a statement.
“This has been achieved despite intense competition in the office leasing space and a subdued economic environment,” it said.
The lease rentals witnessed stable to healthy increases in various micro markets.
Dubai, April 20 - With the real estate sector in the Gulf Arab emirate Dubai showing no let-up in expanding, the construction sector here is all set to witness a shortage of 500,000 workers by 2015, a media report said here Saturday.
Beijing, April 18 - Home prices in major Chinese cities grew at a slower pace in March, with fewer cities reporting month-on-month price gains, authorities said Friday.
The National Bureau of Statistics (NBS) said out of a statistical pool of 70 major Chinese cities, 56 saw month-on-month gains in new home prices last month, down from 57 in February, reported Xinhua.
For existing homes, prices increased in 42 cities in March, also down from 46 in the previous month, the data showed.
According to the latest figures released, the total housing sale has fellen in New Zealand market.
The data also showed that the median price of homes are increasing in the country. The Real Estate Institute of New Zealand said that the sale of houses in the Western Bay fell during the month of March.
Figures showed that Tauranga housing sales fell 21 per cent to 127 from 163 a year ago. However, the median price increased 11.8 per cent to $388,000 from $347,000. The sales in Mount Maunganui-Papamoa fell 17.9 per cent from 123 to 101 and the median prices increased 5.9 per cent to $450,000 from $425,000.
According to the latest figures released, the housing prices in New Zealand have continued to fall in the month of March as the buyers are discouraged due to restrictions on lending and rising interest rates.
The housing prices have been falling in the country since previous five straight months as the demand is affected by economic factors. The government's Quotable Value's (QV) said that the demand for housing has been affected by increasing interest rates and the limitations on bank lending in the country.
- Toshiba, United Technologies ink agreement for global growth in HVAC solutions
- Google offers artificial personal assistant for users ready to give up personal info
- Apple launches iPhone 6, iPhone 6 Plus in India
- Google profits plunges 5 percent YOY, in Q3
- HCL Technologies Q1 Net up 32.3% at Rs 1,873 crore