Category: Real Estate Events

Single window clearance likely to become a reality

Considering the undue delay of the projects, a panel has suggested the government to implement single window clearance for the realty projects.

There is a chance for the single window clearance to become a reality in future. The builders have been demanding for single window clearance for many years. So far all their pleas have reached in the deaf ears of the authorities which have not heeded their pleas. Read More »

E-payment of stamp duty to ease property deals in MH

In an attempt to speed up the property tax payments, Maharashtra Government has launched e-payment of stamp duty. The buyers will now be able to pay the stamp duty in an authorized bank.

One of the most tiring things in any of the property deals is the difficulty in paying the property tax to the government. The one who purchases a property will have to run hither and thither to pay the property tax. Buying a stamp paper, he starts his rotation starting with the treasury and extend to many other offices. However with the e-payment all these hassles have vanished into thin air. Read More »

Foreign Investors shift to commercial sector

With home prices dropping in India, foreign investors are now planning to shift their investment from residential market to commercial real estate.

Many of the cities have witnessed a fall of prices in the residential sector. Moreover many unsold residential properties remain in many of the cities without finding any takers. All these factors drive the sentiments of the foreign investors to the commercial sector. Read More »

Property Expo 2013 to Be Conducted In UAE

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 »

Home Loans To Become Cheaper As RBI Cuts Rates Finally

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 »


The much acclaimed bi-annual India realty exhibition is going to be held in Dubai from 9th to 11th of December 2010, at Renaissance Dubai Hotel, deira, with the motto of “Your dream home in India now comes with a guarantee”, a great platform for Indian developers and HFIs trying to reach out to affluent Gulf NRIs.

The expo is organized bi-annually by, MCHI (Maharashtra Chamber of Housing Industry) a trusted name in the area of Indian Real Estate exhibitions and a member of CREDAI (Confederation of Real-estate Developers’ Associations of India). MCHI is one of the leading housing and developers’ associations in India with a membership of over 450 leading developers.

This event is India’s only OFFICIAL Property Exhibition in Dubai. Each of the participating developer in the expo is bound by a commitment of compensation for any delay in giving possession of the purchased property. This year’s exhibition will focus on ready under properties with clear titles from both affordable end properties.

An opportunity to meet reputed developers who are members of MCHI or their respective State Associations in India (CREDAI) , to find affordable luxury homes from Rs.15 lacs to Rs.80 lacs+, ready and under construction flats with attractive payment options, on the spot loan approvals and low interest rates, zero brokerage, luxurious 5-star ambience, ample parking space and free valet parking are among the few reasons MCHI suggests to attend this expo.

Buyers of residential properties, individuals and companies looking for commercial properties and corporate houses, pursuers of lifestyle and décor concepts , leading real estate developers, builders, contractors and real estate agents as well as government officials and policy makers, Architects, interior designers, consultants to mention a few, can attend the exhibition.

Residential properties real estate developers from the tier I and tier II cities of India, commercial property real estate developers from Mumbai and across India for spaces such as office blocks, infrastructure parks, shops, industrial galas, it parks, SEZs, corporate houses, entertainment parks, leisure properties, financial institutions , leading housing finance corporation, banks consists of the participants of the expo.

This event is organized by- MCHI, member of CREDAI, Co-Organizer is HSBC with Platinum Partner -HDFC & Media Partner- The International Indian. Other participants include – Hiranandani, Kalpa-taru, The man group, Rustomjee, Sanghvi group, Nahar group, Nirmal lifestyle, Runwal group, K raheja corp, Marvel realtors, G corp group, Hiranandani upscale, Jaycee homes, Acme housing, Db realty, Akshay group and Bajaj group are to name a few.

Real Estate Awards 2010 by Franchise India Holdings Ltd.

India’s most prestigious awards dedicated to the estate industry, to celebrate excellence and brilliance with key industry representatives at “Real Estate Awards” presented by Franchise India Holdings Limited is scheduled to be held  on December 2, 2010 at Hotel Ashok, New Delhi. The Real Estate Awards 2010 are given to practices which have consistently achieved high standards and made an outstanding contribution in the Indian real estate sector, the only awards that recognize and felicitate the best in the real estate industry.

These awards would serve as the national recognition as the “The best real estate business” in the country and is the best chance to promote your real estate business and a platform for networking and validation for your business. An opportunity to benchmark your business against competitors, ongoing publicity and business lifetime of high-achiever credibility, extensive media coverage and PR with the partners are other added advantages.

The last date for nominations is 15th November 2010, open only to real estate companies, brokers, builders, developers registered and based in India. Ernst & Young will be the official tabulator for the awards.

The event is designed for all professionals with an interest in Indian and international real estate and can be interesting for : real estate service providers, contractors, developers, investors, fund/ asset managers, brokers /traders, builders, consultants, trade associates, lawyers, accountants.

Jaypee Greens Launches Kingswood Oriental Project

Jaypee Greens

Kingswood Oriental, a new project launched by Jaypee Greens, has got attestation from oriental architecture.

Jaypee Greens in Noida is introducing a new product at Jaypee Greens Wish Town,Noida that will be called “Kingswood Oriental”. This construction will consists of independent residential villas extravagant view of golf greens on one side and a chip & putt golf course on the other.

The built up area is approx 3,700 sq ft and 4,600 sq ft.The suggested price of these exclusive homes starts from Rs 3 cr at a basic selling price of Rs 8,100 sq ft where each villa will have three floors.

Community special features

Kingswood Oriental is planned to be a separate community within Wish Town and admittance will be restricted only to the buyers and their guest. It also offers Multicoloured Oriental style wall paintings in common areas like social clubs,etc

Home features

To match the compatibility with oriental feel use of wood and bamboo is made in Private lily ponds in each home Provision for elevators in each home Jacuzzi in the master bathroom Miniature gazebo in the back garden of the house Terrace garden with barbeque Top-of-the-line security system featuring videophones and burglar sensors

Oriental clubhouse

Especially designed clubhouse which has been designed using essence from the Southeast Asian architecture, takes approximately 60,000 sq ft of built up area Wellness zone with state-of-the-art gymnasium and fitness centre;yoga,aerobics areas accompanied with Multi-cuisine restaurant Exclusive members lounge area Party halls & gardens

Range of sports facilities

Apart from all the world’s luxury Jaypee also provides yours residence with sports facilities. Tennis courts Squash Swimming pool Pool/snooker Library. The Kingswood Oriental residences will be a perfect accordance of luxury lifestyle with a touch of oriental architecture, combined with the latest technology for leisurely life.
you should prefer  Wish Town because of its location that is close to the Noida-Greater Noida expressway.Also,it is just 10 minutes drive from Ashram Chowk and it is marked to have Metro connectivity in the near future.

Jaypee Greens in Greater Noida bagged the Best Golf Development-India from CNBC Asia Pacific Property Awards in 2008.

CCCL Offers Paradise Living

In modern world of opportunity, there is new breed of royalty, who breed in style that exudes royal blooded class. But all it takes to be royal is nThe Arch Hong Kong residential towerot a silver spoon but just a royal perspective and surely there is no compromise when it comes to lifestyle living. Then how about a 31-storey sky rise residential tower with Udupi, the temple town known for its eternal charm and ethnicity as its landmark? Royal embassy in Manipal symbolizes the life style of neo-stylists. Manipal which has already found a place in the map of India as a bustling educational and health care hub will have Royal Embassy to add to its charm.

This project is soon to start after the concerned authorities will obtain a no objection certificate. This project is commissioned to India’s second largest construction company Consolidated Construction Consortium Limited (CCCL) by M M Builders. CCCL has done prestigious and challenging projects all over the country and earned a unparalleled reputation.

Planned to be one of the tallest buildings and including Manipal’s first shopping mall it will be spread over 3.38 acres of land just behind the MAHE library. This so royal ROYAL EMBASSY will house 402 apartments of two, three and four bedrooms and is designed in such a way about 70% of the building will be able to get sea view. Launched in January, 2009 it is progressing at a brisk pace as per plan and the project is expected to be completed by December 2012. The micro level detailing of the project involving the best team of architects, structural consultants, electrical consultants, plumbing and fire safety consultant and pollution and environment consultants is kept under consideration by promoters.

The team of Simons architects say, “Lot of care has gone into the micro level detailing of the project.  It would be a model to achieve remarkable safety standards and one of the best ever conceived projects on this soil”. Sripeksha Engineering Consultants, Bangalore have proposed an excellent lighting design scheme for the project. Apart from all this the Cascade Consultants have come up with a perfectly foolproof smoke detection and firefighting system, plumbing and sanitary work.

A full proof round the clock security system is been given the top priority for the safety of residents. Amenities includes a grand entrance lobby with visitors waiting lounge, swimming pool & baby pool with filtration plant and  changing rooms, 6 high speed lifts with auto doors, children’s play area both outdoor and indoor, joggers track, power back up for 24 hours for lifts. Utmost priority is also given to address environmental concerns by proposing modern MBR technology Effluent Treatment Plant, Rain Water Harvesting system and solid waste management system

With the promoters paying attention to even the minutest details and involving the best people in business Royal Embassy is sure to emerge as the crowning glory giving a new dimension to the real-estate scenario in this part of the coastal belt.

the related information will soon be available on

Janpath, Samrat hotels to get posh makeover

After revamping its flagship hotel, The Ashok, ITDC is going full-steam ahead to give hotels Janpath and Samrat a makeover designed to make the competition sit up and take notice.

As part of the renovation, Hotel Janpath will soon boast of onyx pillars and a mini-spa in each room on four floors. The spas will be equipped with a jacuzzi, massage table and medicine dispenser while one spa each on the ground floor and first floor will offer services of a gym, sauna, steam room and treatment room. For those working on their tan, the rooftop will have a solarium.

“The personal spa concept is likely to require an investment of Rs 45 crore. We are still in the process of finalizing the details,” a senior ITDC official said.

The hotel has already seen some tangible changes like a cobbled stone driveway. The grim, white-washed facade has been knocked down in favour of glass and the decrepit restaurants, known only for political sit-downs, have been opened to private players. While designer Rohit Bal promoted Italian joint Cibo opened earlier this year, Mismo and Swagath are the other top of the line eating places that the hotel hosts.

New Investment Rules For Venture Capital And Private Equity

The government may soon come out with new investment norms for venture capital (VC), private equity (PE) and hedge funds to make their operations transparent and create a level-playing field for both the domestic and foreign players.

Joint secretary in the finance ministry KP Krishnan said government is likely to revisit norms for VC funds and talks have already been held with the market regulator SEBI towards this end.

Efforts are also on to create a legal framework so that venture fund investments should not land in a few sectors only and equitable distribution takes place. The government is specifically worried about huge fund inflow in sectors like real estate, which has affected investments in other hi-tech sectors like software and biotechnology. At the same time, it has led to appreciation in the prices of real estate in the country.

Government, it is learnt, is considering to give some new tax incentives to venture funds and PE funds to invest in high-risk areas.

Venture funds invest in the equities of high growth companies to earn hefty returns. At present, foreign funds have an advantage over their domestic counterparts under the existing tax system of the country.

Head of financial services at PWC India, Punit Shah said foreign VC funds are at an advantageous position against domestic ones, while investing other than nine hi-tech sectors like biotechnology, software and nano technology. Government gives tax sops (no capital gains tax on profit) to domestic funds if they invest in these nine sectors but not others.

But sectors like real estate is not included in this list. Therefore, when a domestic venture fund invests in an unlisted real estate company, he pays tax on the capital gains earned while exiting the company, Shah added.

But, foreign funds registered in tax heavens like Mauritius and Cyprus do not pay any tax on the capital gains earned such transaction because of the double tax avoidance treaty. The new initiative, according to Krishnan, would ensure that same tax rule apply on both foreign and domestic VC, PE funds to achieve a level-playing field. Besides, the move will also make the investments by these entities transparent. For this purpose, the government would like to redefine VC, PE and hedge funds.

On its part, SEBI will make it mandatory to register VCs and PEs after compiling data about their investments in sectors like real estate, ITeS, education. SNI director TC Nair said that at present the market regulator has no definite source about the exact investments of PEs and VCs.

Rakindo Plan To Set Up $250-m Arm May Get Okay

Chennai-based real estate developer Rakindo Developers’ proposal to set up a wholly owned subsidiary with $250-million FDI from Dubai-based Rakeen Development is expected to get Cabinet clearance on Thursday.

Rakindo has plans of building a $1.5-billion (Rs 6,000- crore) integrated township at Coimbatore which will be ready for launch after the CCEA clears the FDI proposal. The plan envisages developing over 1,000 acres of property with an 18-hole golf course as the centerpiece. Rakindo is proposed to be a holding company that will promote investments in several SPVs to develop and operate townships. It is a joint venture company formed by Rakeen, a joint stock global business company promoted by the Ral Al Khaimah group, UAE and the Chennai based mineral conglomerate Trimex group owned by Koneru Prasad. Read More »

Marks And Spencer Confirms Joint Venture With Reliance Retail

Marks & Spencer is to enter into a joint venture aimed at establishing itself as a major retail brand in India.

The JV is with Reliance Retail, part of the Reliance Industries Group.

Marks & Spencer will take a 51% interest in the venture, with Reliance Retail taking the remaining 49%.
Read More »

Vijay Shanthi Builders Ready To Enter Into Emerging Cities

Vijay Shanthi Builders, a Chennai-based Housing Promoters, would enter emerging real estate cities with their premium products and building solutions.

Mr. Suresh Jain, Managing Director, VSBL, said that the company would be launching construction of premium grade villas at Salem in Tamil Nadu. Further he added that almost 100 villas will be spread across 20 acres of land and price of each unit will be between Rs 75 lakh and Rs 85 lakhs. Each villa will be comprising 3000 square feet . Read More »

Yatra May Buy Kuoni’s Unit

Kuoni, India’s prime travel services provider, is selling its corporate travel arm to Yatra online. Gurgaon based Yatra online is an arm of the Anil Dhirubhi Ambani Group. If the deal goes through, this will be Kuoni’s second outing with ADAG. In 2006, Kuoni had sold its foreign exchange money-changing unit, Travelmate Services to ADAG’s Reliance Capital, which is now one of Yatra’s promoters.

Mr. Dhruv Shringi, co-founder & CEO of Yatra Online, has not said anything on this issue. Even Niren Shah, MD of Norwest Partners, offered no comment. Norwest Partners, a global venture capital firm, is another promoter of Yatra Online.

Ishaan Real Estate Plc. Hopeful Of Strong Progress In 2008

LONDON – India-centralized real estate investment company Ishaan Real Estate Plc. told that it has leased and pre-let 577,000 square feet of office and retail space, growing the total area of leased and pre-let space in its commercial and retail development projects to 2.4 million square feet.
Ian Henderson chairman of Ishaan Real Estate Plc. told that they are predicting to make strong progress on construction and leasing activity during the remainder of 2008.
The company said around 20 % of the saleable residential space in its first-class residential development project, Vivarea, in central Mumbai city, has now been pre-sold, also at prices above those expected at the time of admission.
Ishaan Real Estate said pre-sales of the apartments commenced at the end of October and are experiencing strong demand.

Amrapali Group Invests In Hotel Projects

Amrapali Group, a UP-based real estate developer, will be investing about Rs 600 crore in different hotel projects in 2008. These hotel projects are under different levels of construction in different parts of India, primarily the north Indian cities, like Bareilly, Vrindavan, Greater Noida, Udaipur, Indore and Jaipur. The upcoming properties will comprise all categories, from budget hotels to 5-star properties. Read More »

Indiabulls arm gets power project in Chhattisgarh

Indiabulls Power is learnt to have won the bid to set up the 1,600-mw Bhaiyathan power project in Chhattisgarh, a pit-head power project that also includes a 350-million-tonne coal block.

According to sources close to the development, the Chhattisgarh government is likely to soon announce the deal. Sterlite Industries and the GMR group were the other two major bidders for the project.
Read More »

Slow Down Of Real Estate Business In Delhi

NEW DELHI: While the bears are ruling the stock market, there is a different asset class where the bulls are keeping away. Speculative investors in real estate market are retreating, at least in the Delhi-NCR region.

Some foremost developers based in the region say it is becoming more and more complicated for them to sell flats at launch stage due to lack of interest from speculators. This reflects on the inherent demand structure in the real estate market.

Developers attribute this to stability in prices as against the past where prices were shooting up on a monthly basis. They add that the difficulty in booking flats may delay projects and reduce their pricing power, “A year ago, if we were selling over 100 flats in a month at launch stage, we now sell only 30-40 per month. Speculators, who would earlier frenetically book flats at the pre-launch stage only, have now disappeared,” said a senior executive of a real estate firm.

Till mid-2007, speculators made quick money by booking multiple flats at the launch of a project and exiting within a few weeks or months. But now, Omaxe executive director Vipin Aggarwal says, “The property prices have stabilised with little scope for speculators to make such big gains in the short term, leading to their retreat.”

Holding Company ‘Dubai Properties Group’ Launched to Further Consolidate Operations

Leading master real estate developer Dubai Properties, a member of Dubai Holding, on 16th march revamped its corporate structure and pronounced the establishment of a fresh holding company – Dubai Properties Group – combining all its existing businesses into separate business unit, and fetching them under one roof organization.

The new group structure consist 6 business components whose focal point will be real estate verticals like hospitality, property services, international investments and real estate development. Every entity will operate as a separate business subsidiary within the Dubai Properties Group, individually responsible for the unit’s management systems, strategic planning and business results.

Reflecting its parent company Dubai Holding’s mission, Dubai Properties Group will also look for investment opportunities on a worldwide level, launching an aggressive expansion and diversification drive to double its investment portfolio up to seven hundred billion over the next three years.

More over to Dubai Properties, which has notched quite a few milestones in the real estate market, the new group structure comprises Dubai Asset Management, Dubai Retail and Dubai Hospitality.

Goa property show in Delhi

Panaji; The extensively promoted ‘Exclusive Goa Property Show’ scheduled at New Delhi, organised by Times Business Solutions Ltd, an enterprise of The Times of India Group, looked headed for some controversy with Goa’s internationally reputed fashion designer Mr Wendell Rodricks turning down their invitation to open the show.The  show is at the famous Tivoli Garden-chatterpur temple near mehrauli, on 15-16 March 2008 .

The property show, explained by the company as a “Premium real estate event” is billed as one of the biggest shows for developers interested in selling and buying prime properties in Goa.
Addressing a press conference, at the historic Azad Maidan, in the city, on 07th march, Mr Rodricks said, “I am alarmed and concerned, and implore and beg to Goan developers not to sell the land for money but to undertake development which would support progress of the tourism sector.”

Mr Rodricks further said that the government needs to take steps and position as to what  the unique selling point (USP) of Goa, is?. “The government has to take a stand as regards the people who are coming here and trying to kill the main ingredient (read as identity),” he said, adding “which would result in properties coming up on green hills.”

Aaround 60 developers have been invited to participate in the “Sell Goa” fair, Mr Rodricks said, “This is our land and someone else is selling it.

Big Property Players gear up for Cityscape Asia

A real estate event that will draw big-time property devolopers from the Middle East as well as rest parts of the globe will take place in Singapore in April from 15 to 17.

Read More »

Hinduja Group appoints Ravinder Babbar as COO

Hinduga group one of the leading diversified groups in the world, today announced the appointment of Ravinder Babbar as COO for Aasia Properties Development Ltd., the real estate arm of the group.

Read More »

Haryana Government Green Signal For Investment

Chandigarh: The Haryana government on 27th February cleared allotment of industrial plots to fifty-one units which would carry an investment worth two thousand three hundred crore in the state.

Read More »

Lobby group wants REITs for affordable housing

The new Securities and Exchange Board of India dispensation under chairman C B Bhave looks all set to carry on from where M Damodaran left off.

Senior officials of SEBI met with a team from the real estate committee of the Federation of Indian Chambers of Commerce and Industry on Thursday.

They later made about 15 suggestions, meant to make clear certain characteristics relating to the draft guidelines for real estate investment trusts put out by the regulator on December 28, 2007, when Damodaran was chairman.

One of the key suggestions was to make the tax structure on REITs favorable to investors. With REIT ordered to distribute 90 percent of the income they create as dividends, the view is that there should only be a dividend distribution tax, to be paid by the real estate investment management company, and not the investors.

REITs are fundamentally instrument that allows one to buy units of various properties and capture returns these properties generate, just like a mutual fund allows one to capture the returns of a pool of stocks.

By definition, REITs are also mandated to invest in income-generating property, as opposed to real estate funds that aim to capture the capital appreciation from projects they invest in.

From this, follows the second recommendation. While, according to the SEBI rules, income-generating property would confine investments to commercial projects, FICCI has suggested that there be committed REITs for affordable housing projects as well, so that it gives a much-needed boost to the housing section.