Shahid Balwa and Vinod Goenka, the promoters of DB Realty, have a common background -- both are college drop-outs and came from families that, directly or indirectly, dealt in real estate.
Manish Sabharwal tackles 5 criticisms of demonetisation.
The Mumbai Metropolitan Region Development Authority on Tuesday received huge response for its Iconic Tower in Wadala (a Mumbai suburb) with Lodha Crown Buildmart Pvt Ltd quoting more than double the reserve price of Rs 40,000 per sq mt.
Younger brother Surendra wants to re-invest his share in real estate and education
In January 2006, Reliance Industries Ltd had paid Rs 1.5 lakh a square metre for an international convention-and-exhibition centre covering 75,000 square metres in the same locality.
Out of 23 floors, Air India occupies six and three of these have been leased out. The rest are largely unused.
Less than a week after its CEO and co-founder Rahul Yadav was sacked, realty portal Housing.com's website was hacked on Monday.
'The 2024 general elections proved that UP is not Gujarat.'
There are pending buy orders for 4.8 million shares on the NSE and BSE.
There was no confirmation on whether or not BCCI will review its earlier decision to terminate the franchise.
Real estate companies betting big on tier II and tier III markets sold more stock than firms focused on metros.
Indian real estate saw 14 such private equity (PE) exits, worth $457 million (around Rs 2,285 crore) in 2011. Of these, promoters bought out existing PEs or other financial sponsors in eight deals, according VCCEdge, the research platform of VCCircle.
Citibank has put on sale yet another residential property on Altamount Road in south Mumbai. Earlier it had sold off prime residential property at Mumbai's National Centre for the Performing Arts for Rs 34 crore. Most of the banks are selling residential properties as they are offering a fixed cash compensation every month to their employees. Bank offices have now shifted to suburbs and employees prefer to live close to workplace. Such sales unlock value and releases capital.
One thing that has never been a hard sell in Mumbai over the past few years is property. But last week, for the first time in 13 years, Mumbai's metropolitan authorities failed to sell government land in an auction in India's financial capital.
Bharti Retail launched its first mall, The Pavilion, in Ludhiana.
Tier-II cities are all set to witness good retail growth in near future.
Real estate developer K Raheja Universal Private Ltd wants to scrap one of their notified special economic zones and also surrender a part of another zone, citing lack of demand from the information technology sector.
India asked Pakistan to hand over underworld don Dawood Ibrahim saying enough evidence have been given to it on the prime accused in the 1993 Mumbai serial blasts.
CPPIB is looking to partner with RMZ because the latter is aggressive on both new developments and acquisitions.
Realty sector is facing a huge slowdown for last 3-4 years, leading to a significant delays in possession of flats to customers.
Big Mumbai developers' inventory at Rs 53.4 crore.
If future episodes are as verbose and unwieldy, it might be difficult to keep from switching channels, points out Deepa Ghalot.
The regulator is more carefully scrutinising applications by infrastructure investment vehicles that have a limited number of investors. They have been asked to broaden their investor base before application approval, according to two people familiar with the matter. The Securities and Exchange Board of India is concerned about the structure being used for getting around tax requirements, according to one of the sources.
A revival in the sector is still 12-18 months away: Experts
Section 19(4) of the RERA Act entitles allottees to a refund if the developer doesn't comply with the terms of the sale agreement.
Amid the perception of gloom and doom in the Indian property market, here's something to cheer about. The real estate industry has given 1.21 times, or 20 per cent, average returns to private equity (PE) investors in the past four years, compared to the global average of 0.8 times.
Sanjay Chandra is also the chairman of mobile telephony operator Unitech Wireless, which is one of the companies that are said to have made a windfall in the allocation of 2G spectrum.
Within months of charging the moon, Indian real estate firms are now offering buy-back of properties, free cars and even free apartments to tide over the current slump which has seen sales halve from the beginning of the year.
Some of these are regional players, like K Raheja Corporation (Mumbai), Salgaonkar (Goa), Viceroy Hotels (Hyderabad) and Panchshil Realty (Pune). The hospitality major currently has six properties in Mumbai, Goa, Hyderabad and Chennai and operates through five different brands, including Marriott, JW Marriott, Courtyard, Renaissance and Marriott Executive Apartments.
According to real estate consulting firm CB Richard Ellis Research, Continuous increase in office rentals in Asian financial hubs like Mumbai, Hong Kong and Singapore has driven some companies to shift out of prime locations. Corporate expansion continued in many parts of Asia despite increasing uncertainty in the global economic outlook and business sentiment remained largely positive due to expectations that leading Asian economies would outperform the US and Europe.
A team from CBI's bank securities & fraud cell in Delhi visited SBI's offices in Mumbai and Delhi and held discussions with senior officials of the bank. The CBI office, however, said no 'search' operations have been conducted so far.
The ED had launched raids on Friday at multiple locations linked to Prasad's family members including that of his son and Bihar Deputy Chief Minister Tejashwi Yadav in Delhi.
Housing Development Infrastructure Ltd (HDIL) on Monday said a 20-25 per cent price fall is likely in the country's real estate sector, but Mumbai may be slightly insulated as it may witness a 10-15 price correction in prices.
The company, which finds itself at the centre of the real estate scam, as alleged by the Central Bureau of Investigation, is housed in a dilapidated building, and from the exterior, nobody can ever guess that the fourth floor of MMFSL would be so swanky.
The National-Capital based realty major will also launch 9-10 million sq ft of real estate projects during the second half of the current financial year.
Manage investments between debt, domestic equity, international equity, real estate and gold, advises Harsh Roongta.
On May 10, non-bailable arrest warrants were issued against Parkar and four others in a case of extortion, forgery and cheating.
The sector's performance in delivery also saw a decline -- only 23.5 per cent of the committed units were delivered during the first six months of this year, show data from research firm PropEquity.
