Archive for the ‘Maharashtra Real Estate News’ Category

Civic body looks at fresh ways to deliver property tax bills

In response to complaints by citizens on the delivery of property tax bills, the Pune Municipal Corporation (PMC) has decided to explore new options for distribution of bills of the 6.5 lakh properties in the civic jurisdiction. “The civic body was earlier distributing the bills through a private agency but later took the service of [...]

Home for the gods

Buying a second home at a hill station or at other exotic locations has dual benefits: investment as well as a holiday home CALL it a home away from home, a weekend home or your first home; eco-friend ly cities are increasingly becoming the most preferred options for the rich. Situated far away from the [...]

Emerald Acres is planning to sell land in the next four months

The company holds 350 acres of land in its portfolio, and is adopting a strategy of selling land parcels outright rather than develop them Emerald Acres Pvt Ltd, a land bank company owned by Madhur Bajaj, vice-chairman of Bajaj Auto, is planning to enter the market in the next four months and sell the land [...]

DLF Looking to End Year with Operating Cash Surplus of Rs 2,500 crore

DLF Ltd, the largest real estate developer in the country by market capitalisation, is looking to end the year with operating cash surplus of Rs 2,500 crore, as it looks to raise Rs 2,700 crore through non-core asset sales and healthy cash flows. According to a report published in DNA, the developer is also looking [...]

HCC Divests 74 per cent of its Stake in its Commercial Real Estate Project in Mumbai

Hindustan Construction Company (HCC) has demonstrated its ability to monetise its commercial project at a time when the commercial real estate market in India is still not out of the woods. The company, on Thursday, announced divesting 74 per cent of its stake in its commercial real estate project in Mumbai called ‘247 Park’ to [...]

The Real Estate Market of Pune

If compared to another cities, where both residential and advertizement concept interpret is feat downwards, Pune actual realty is feat steady. While business experts hit expected a field fall in the actual realty values, Pune seems to be attempt the forecast. Probably because Pune was never a mainstream actual realty destination, so, it never saw [...]

Tishman Speyer Plans to Expand its Presence in India

Tishman Speyer, one of the world’s leading real estate developers, unveiled its first property in Hyderabad and said it is looking to expand its operations to Mumbai and Delhi. This is the company’s first property in Asia. Company chairman Jerry Speyer told reporters after the opening of its IT park in the city that Tishman [...]

HDIL Looking at Transfer of Development Rights Sales

Housing Development & Infrastructure Ltd (HDIL), the Mumbai-based real estate developer, is looking at transfer of development rights (TDRs) sales of 5-6 million square feet in the current fiscal as it looks to maintain its annual run rate. The new target is lower than then its last fiscal TDR sales of 6.5 million sq ft [...]

Sunil Mantri Group Launches Gated Community Project in Maharashtra

With an aim to continue setting new bench-marks in the western zone, real estate developer Sunil Mantri Group in association with Kumar Yashraj Group, a leading Solapur-based developer, has launched The Square, a first of its kind gated community project in Solapur, Maharashtra. Spread across 27,000 square metres, the project encompasses residential, commercial and retail [...]

Indiareit Raising Rs 350 crore for Domestic Realty Fund

Indiareit Fund Advisors, the Ajay Piramal group-promoted realty fund manger, was close to raising Rs 350 crore from high net worth individuals (HNIs) for its new property fund, said an executive. After doing so, it is setting its sights on raising a $250-million (Rs 1,100 crore) offshore fund, lined up for the next financial year. [...]