February 27, 2013 – 5:11 pm
Leading Sahara firms in to greater troubles and crises, a Delhi based Investor has approached the Supreme Court.
An investor from Delhi has approached Supreme Court against the Sahara firms with whom the investor had investment. The investor requested the SC to direct the Sahara firms to repay his investment.
Though this is the first time an investor is approaching the Apex Court against any of the Sahara firms, the experts opine that if the SEBI’s move is right more investors will come up against these firms. Read More »
February 26, 2013 – 7:16 pm
If you wish to have some sort of property investment, prelaunch properties would be the better options. Property investment in prelaunch projects offers better returns to the investors.
Seeing the blooming nature of real estate sector, many of the investors are leaping into property investment. Yet they seldom know how to invest wisely. If you wish to become a good investor you should know and how to have property investment. Read More »
February 25, 2013 – 5:33 pm
Following the HC order, Haryana Urban Development Authority (HUDA) postponed plot allotment in Gurgaon. The postponement makes the land owners wait longer.
Land owners were expecting to start constructions soon as they thought that Haryana Urban Development Authority (HUDA) would be allotting the land parcels soon to them. All the preparations were taken and it was announced that the HUDA would be allotting the lands to the owners. Read More »
February 22, 2013 – 7:40 pm
Bangalore residential market slowly becomes a green oriented housing market. The increasing number of green buildings is an example for this new trend.
According to the industry experts, Bangalore residential market is more inclined to green buildings which are becoming a new trend in the residential market. However one thing makes the Indian Green Building Council (IGBC) happier as there are many green buildings in Bangalore now.
The total number of green buildings in Karnataka is 41. Interestingly 39 are in Bangalore and only two are in other districts of the entire state. Read More »
February 21, 2013 – 5:54 pm
Last week the National Consumer Dispute Redressal Commission (NCDRC) stayed the cancellation of over 100 flats in Noida Extension.
The flat owners of Noida Extension now can rejoice as they are relieved from the tensions over their booked flats. More than 100 flat owners filed a petition against a scrupulous developer who had cancelled the booked flats in Noida Extension. However National Consumer Dispute Redressal Commission (NCDRC), finding no substantial reason for the cancellation of the flats, stayed the cancellation imposed by the private builder.
Read More »
February 20, 2013 – 5:16 pm
Flat owners of Noida Extension finally released breath of relaxation when National Consumer Dispute Redressal Commission stayed the cancellation of their bookings.
Giving relief to the proposed buyers and owners of Noida Extension, National Consumer Dispute Redressal Commission last week stayed the cancellation of booked flats.
A complaint, filed by Noida Extension Flat Owners Welfare Association, alleged that a real estate builder had cancelled their bookings soon after the planning board of NCR approved the Greater Noida Master Plan 2021. The association contained over 100 flat buyers and owners of the area. Read More »
February 19, 2013 – 7:28 pm
With the aim to modernize the Mumbai Airport, Infrastructure and Power Major GVK will modernize the real estate land of the Mumbai Airport.
Mumbai International Airport Ltd (MIAL): fully owned by GVK Power & Infrastructure Ltd, plans to monetize the real estate lands of the Mumbai international airport to modernize the airport. Read More »
February 18, 2013 – 7:40 pm
Morgan Stanley plans to invest; for the first time in India, in a commercial project. Morgan Stanley will invest in Bandra Kurla Complex in Mumbai.
Morgan Stanley is not a new name for the Indian real estate players who have seen the firm investing in India. However, all their investments were in the residential sector and not in the commercial sector. But this time, Morgan Stanley Real Estate Investing has decided to invest in the commercial real estate market of India.
With their plan to invest in Bandra Kurla Complex, Morgan Stanley has aroused the hopes of Indian retailers. The firm will finance for developing around 1.6 million sq. ft. of office space in the Bandra Kurla Complex in Mumbai. Read More »
February 16, 2013 – 5:51 pm
As the upcoming parliament session is expected to pass the real estate bill, flat buyers believe that they will be protected from the unscrupulous builders who mostly harass the buyers.
There are many pieces of news which narrates or have narrated some incidents in which poor flat buyers and owners were cheated and looted by some unscrupulous builders. Anyway the prospective buyers believe that with the approval of new real estate bill, this will not be happening any more. Read More »
February 15, 2013 – 6:12 pm
Property Expo 2013 is being conducted in UAE for two days- both today and tomorrow. The property expo is expected to boost the sentiments of NRIs.
Many Indian real estate developers look at Property Expo 2013 as a good platform for them to launch and introduce their new properties to the public. They are all the more eager to present their properties in foreign countries such as UAE and other Gulf countries. Read More »
February 14, 2013 – 5:19 pm
America-originated and globally spread private equity major Blackstone has plans to invest $367 million in Bangalore Business Park, as part of its plan to buy it.
Blackstone will invest $367 million (approximately Rs.19.5 billion) in Bangalore Business Park. The investment will make the American PE firm to own the Business Park in Bangalore.
The private equity major has entered into talks with the promoters of Bangalore Business Park. The deal is expected to get over by two to three months’ time. Read More »
February 13, 2013 – 7:23 pm
Economist Intelligence Unit’s survey stated that top Indian cities Mumbai and Delhi are in the bottom level of world’s most expensive cities. The most expensive cities of India thus have found place among cheapest cities of the world.
Economist Intelligence Unit has recently conducted a survey among top 131 cities of the world. The survey was centered on the average cost of living in these cities. The cost of living in these cities was decided on the prices of over 160 commodities and basic service-charges. The list included the transport-fares, expenses on food and clothing, besides many others. As per their survey Mumbai topped the list along with Karachi. Read More »
February 12, 2013 – 7:28 pm
Leading global private equity and investment firm Blackstone is likely to gain huge amount of profit from its project in Bangalore, a joint venture along with Embassy.
Joining hands with Bangalore– centered real estate firm Embassy Property Developments; Blackstone has developed a residential project. The luxury-oriented residential project will have 467 housing units. Each unit is priced between Rs.3 to Rs. 10 Cr. The private equity giant expects to gain around Rs.210 Cr from the project.
Their joint venture with Embassy is their first bigger real estate investment in Indian subcontinent. It was in 2011 that Blackstone invested in Embassy Lakeside Terraces. Within 18 months after their investment in this ultra-luxury villa project they are able to reap a handful of returns.
Rs.210 Cr profit represents around 28% of the absolute profit. It means that they had witnessed a 40% growth rate per year.
Embassy Lakeside Terraces is located at Hebbal. It is just half-an-hour drive away from Bangalore International Airport. Moreover the project has better connectivity to the City Centre. All these factors played key roles in the success of this project which is sold robustly. This in fact enabled the investors gain a huge amount of profit within a short period of time.
Blackstone has invested nearly $1 billion in Indian real estate market now. The American private equity firm has bought 16 million sq. ft. of commercial area. The commercial area has been leased. Besides the commercial area, the firm has bought another 9 million sq. ft. of residential area too.
Adding to all the above said investments, they have taken on the realty investments of Merrill Lynch.
Realty market in Bangalore is more stable than that of the other metro- cities like Delhi or Mumbai where the property prices are inconsistent. On the other hand the property prices in Bangalore are consistent always. This nature is mainly due to the fact that the real estate market in the area is mainly dependent on end-users and not on investors. On the other hand the other cities are depending on investors and not on end-users.
February 11, 2013 – 6:31 pm
There are many cities emerging in India as hotter destinations for property investment. We have listed them according to the amount of returns they assure.
Property investment is one of the best options of investment in India as they provide better returns to the investors. However before we decide to have Property investment it is highly advisable to know the hot destinations which will offer you comparatively higher returns. Read More »
February 8, 2013 – 6:42 pm
Theme-Centered homes where you may get Disney Characters or some other popular characters as your friends, has become the latest trend in the residential market.
Years back no one could imagine that their homes to be painted according to some themes. But the time has rolled away a lot forward and it has become very common or going to be very common in India to paint houses according to some themes. Yes, the trends in the residential market are changing. Read More »
February 5, 2013 – 6:55 pm
Reserve Bank of India finally cut its main interest rate. This rate-cut by RBI will push other banks to offer home loans at lower interest rates. However the rate-cut is believed to benefit only the new applicants for home loans.
Finally the home buyers can submit their application for home loans. According to the new rates declared by RBI the interest of home loans will be lower than the existing one. Home buyers have been waiting for the rate-cut for a quite long while. Read More »
February 4, 2013 – 7:58 pm
HDFC Ltd; venturing to offer an opportunity to the NRIs to own a home in India, has presented ‘India Homes Fair’, a two-day property fair, in Muscat.
HDFC Ltd, India’s Premier housing finance company, presented ‘India Homes Fair,’ a two- day property fair in Muscat. The property fair; which took place on January 31 and February1, is considered as one of the biggest ever conducted in Oman. Read More »
February 2, 2013 – 7:37 pm
New York-based AIG Global, a private equity and realty firm, has purchased RMZ Corp’s 50% stake in a stalled mall project in Hyderabad. AIG Global plans to turn this to be a housing project.
New York-based AIG Global, a private equity and realty firm, has purchased RMZ Corp’s 50% stake in their shopping mall project in Hyderabad. Due to many reasons, the joint mall-cum-office project was stalled. RMZ Corp’s stakes are believed to be sold at Rs.53 Cr. Read More »
February 1, 2013 – 7:23 pm
Hyderabad Realty Market is hallmarked by best possible affordability and this is the reason the city is counted in the most affordable realty market among the metro cities of India.
There has been a noticeable increase in the new launches. Most of which were offered to the people with better affordability. This sole factor well- affirms that Hyderabad has become, compared to other metro cities of India, the most affordable realty market. Due to this affordability, the properties in the city are hotly sought after, both by the prospective home buyers and investors. Read More »
