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 [...]
Archive for the ‘Mumbai Real Estate News’ Category
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 [...]
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 [...]
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 [...]
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. [...]
32 SEZ Developers Seek Time Extension to Execute Projects
As many as 32 SEZ developers, including Reliance Haryana SEZ of RIL, Indiabulls, Unitech and TCS, have sought extension of time to execute their projects. The inter-ministerial board of approval (BoA) will take up these cases at its next meeting scheduled for June 8, an official said on Tuesday. Besides the extension cases, five applications [...]
Biggest deal: 6 acres for Rs. 4k cr
Mumbai: Mumbai has bagged the biggest deal of Rs. 4,053 crore from Lodha Group on 25th May. This has set an all-India record in realty market. Though Mumbai has few open spaces like parks and playgrounds compared to other leading global cities but, its real estate is among the priciest in the world. It was predicted [...]
DLF to Launch Mumbai’s Largest Luxury Housing Project
DLF, the country’s largest real estate company, is planning to launch its Lower Parel high-end housing project soon, said sources in the know. Touted as Mumbai’s ‘largest luxury residential project’, the project is expected to have three towers with 1,000 apartments and one of the largest parking lots in the city. The apartments are likely [...]
Record Real Estate Deal in Mumbai
It’s called the biggest land deal in Mumbai. A plot of 25,000 sq metres, with a built-up area of 4,95,000 sq metres was bagged by Lodha Crown for a whopping Rs 4,053 crore, coming to Rs 81,818 per sq m. The auction was held for the built up area on Tuesday. The Lodha group quoted [...]


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