Freebies do not seem to have attracted many buyers, as both property prices and lending rates continue to remain high.
Branded residencies, designer-stamped homes have a snob value and are sold at a high premium, to willing buyers
Big names in the real estate industry are trying to keep pace with the rising demand for ultra-luxurious holiday homes. DLF is the latest entrant in the segment, after Tata Housing and the Lodha Group had recently ventured.
Maharashtra Chief Minister Eknath Shinde on Tuesday expanded his two-member ministry, 41 days after taking oath as the CM.
Nationalist Congress Party leader Ajit Pawar was given the finance and planning portfolio on Friday, nearly two weeks after he broke away from the original party and took oath as Maharashtra's deputy chief minister.
India's cement demand has consistently shown double-digit growth over the past few quarters, primarily driven by infrastructure spending. However, dealers and industry executives note that state elections, festival season, and, in some markets, weddings and pollution may temporarily disrupt this demand story. While the festival season typically sees a slowdown in construction activity, some dealers anticipate this lull extending throughout the entire month as multiple states enter election mode.
Vindhya Telelinks, Universal Cables and Birla Cable shareholders go against family's wishes.
The Board of Control for Cricket in India's four-member working group, formed to study the Justice Lodha panel's verdict relating to the spot-fixing scandal in the sixth edition of the Indian Premier League in 2013, on Monday met for the first time to discuss the way forward for the cash-rich league's next edition and said the sponsors are fully behind the Board.
147 domestic and international recruiters -- including Ola, Amazon, Flipkart and Xiaomi -- hired all 460 graduates.
The Birlas on Tuesday made a strong plea before the Calcutta High Court for the appointment of an administrator over the estate of M P Birla group, alleging that Rajendra Lodha, who is claiming control of the group on the basis of a purported will of
The S&P BSE Realty Index has emerged as one of the top-performing sectors, yielding a remarkable 45 per cent return over the past six months. The three leading players, listed by market capitalisation, have substantially enriched investor wealth by 43-70 per cent during this period. If the second quarter (Q2) of 2023-24 (FY24) updates from Macrotech Developers (Lodha) and Sobha, along with industry data for the quarter, serve as any indication, the trend of strong bookings for larger players is expected to continue.
After a long time, real estate companies could hit the fund-raising trail. The reason is improvement in investor sentiment.
Call it an expectation of revival in the real estate market or improving liquidity, bulge bracket property deals have made a comeback in the country's commercial capital.
Shinde was sworn-in as the chief minister and Devendra Fadnavis took oath as deputy CM on June 30. The swearing-in ceremony will be held at Raj Bhavan in south Mumbai at 11 am, an official said.
The Congress in Rajasthan plunged into a crisis on Sunday as several MLAs loyal to Ashok Gehlot submitted resignation letters over a possible move to appoint Sachin Pilot as the next chief minister, their rebellion erupting just ahead of a Congress Legislature Party meeting.
The much-delayed expansion of the 41-day-old Maharashtra ministry saw as many as 17 former ministers taking oath on Tuesday.
Five days after the induction of 18 ministers into his cabinet, Maharashtra Chief Minister Eknath Shinde on Sunday allocated portfolios, keeping Urban Development and 11 other ministries with himself, while giving the crucial Home Department to Deputy CM Devendra Fadnavis.
The firm bought the 87,444-sq ft feet property -- 22, Hanover Square -- from Scottish Widows Investment Partnership (part of Aberdeen Asset Management), which had put the building up for sale in April through consultancy firm H2SO.
Maharashtra now has 20 ministers, including the chief minister, after the council of ministers was expanded on August 9 with the induction of 18 members.
Zinedine Zidane, Donald Trump, Steve Waugh have all lent their name to realty projects in the country.
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Rahul met the prime minister for about 30 minutes before the party group chaired by Congress President Sonia Gandhi with the prime minister by her side began deliberations at Dr Singh's residence.
The development suggested a worsening power struggle between the chief minister and Sachin Pilot who was tipped to be Gehlot's replacement after he declared his candidature for the Congress president's post.
Indian investors have been acquiring large lots mainly for residential conversions.
According to assurance, tax and advisory firm Grant Thornton, corporates in the country announced 458 deals in the January-November period amounting to $26.76 billion.
The petition said the order was arbitrary and unreasonable and violative of fundamental rights of citizens.
'If the authorities go about completing this project the way they have proposed, this is going to cause a HUGE environmental impact not only on Malabar Hill but also on the rest of the city.'
Amid slowdown, the company is buying quality land parcels at marquee locations across the country.
The bosses of SBI, Union Bank and Central Bank have been driving down to their offices everyday to take stock of the biggest loan drive ever undertaken for MSMEs, discovers Tamal Bandyopadhyay.
The Election Commission sent a notice to Mangal Prabhat Lodha, the BJP's Mumbai chief. This is probably because a leading newspaper highlighted his utterances on its front page.
Mumbai's property markets, where prices earlier crossed Rs 1 lakh per sq. ft in South Mumbai, are seeing a 20-25 per cent markdown from last year's levels.
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Nearly 40 developers participating in HDFC Indian Homes Fair in London would showcase thousands of property.
'I clearly recall how you immediately directed your administration to identify and allocate land, water, and other clearances in the shortest time possible.' 'That was the fastest decision-making process I have ever witnessed.'
Chennai Super Kings and Rajasthan Royals were suspended from the Indian Premier League for two years for betting activities of their key officials, Gurunath Meiyappan and Raj Kundra, during the 2013 season of cash-rich Twenty20 cricket tournament.
Dilipkumar Lakhi, a prominent diamond merchant and Mumbai's highest individual tax payer till a couple of years ago, has beaten some of the city's top developers to emerge the highest bidder for the iconic Cadbury House.
Hurun Report and GROHE India named Lodha Developers' M P Lodha and family as India's richest real estate entrepreneur with a wealth of Rs 31,960 crore, followed by DLF's vice chairman Rajiv Singh and Embassy group founder Jitendra Virwani in the second and third position respectively. Total wealth of top 100 Indians in the real estate sector stood at Rs 2,77,080 crore -- up 17 per cent against 2018. While Mumbai accounted for six of the top 10 and 37 of the 100 names, Delhi and Bengaluru had 19 residents each who featured on the list. Smita V Crishna of Godrej Properties featured as the richest woman.
A fourth of the property market is cash-based and this has affected home sales after high value notes were scrapped.
Sotheby's International Realty was founded in 1976.
All eyes are on Congress chief Sonia Gandhi as top leaders converged at her 10, Janpath residence in New Delhi on Monday after a series of developments in the last 24 hours in Rajasthan, where a majority of the party MLAs have rebelled against Sachin Pilot and want Ashok Gehlot to continue as the chief minister.
Ace investor Rakesh Jhunjhunwala on Thursday said real estate developers are afflicted with very low return on capital as compared to bluechip stocks. Jhunjhunwala, who runs RARE Enterprises and is set to be a major shareholder in an upcoming airliner, said only the affordable housing developers can look at listing because of the volumes which they can deliver. It can be noted that very few developers like Macrotech Developers formerly Lodha, and DLF are listed on the bourses. Jhunjhunwala cited the case of DLF, saying the stock price plummeted to Rs 80 from Rs 1,300 per piece to illustrate the risks associated.
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