August - 2010

Godrej to buy Jet’s BKC land rights for Rs 550 cr

Tue, Aug 31 2010

Realty major Godrej Properties is all set to acquire the property rights of Jet Airway’s 2.5 acre plot in the Bandra Kurla Complex. For the property, Godrej Properties will have to pay Rs 550 crore in a cash-cum-debt deal.

DB Realty in talks to sell 20% in Bandra project to private equity

Mon, Aug 30 2010

Country 3rd largest real estate player by market capitalization DB Realty is seeking to raise funds by selling 20% stake in Bandra Government Colony project to private equity.

Borosil sells 18 acre for Rs 830 cr

Sat, Aug 28 2010

Neepa Real Estate has bagged a lucrative real estate deal of 18 acre in Marol, which is cracked from Borosil Glass Works. For the deal, Neepa has to pay a whopping sum of Rs 830 crore. This deal has been symbolizing rapid demand in recovery in Mumbai’s realty market.

Revised collector rates notified in Mohali, realtors unhappy

Fri, Aug 27 2010

Mohali District Collector has announced revised rates of land and built-up property registration. These rates will come into effect from September 1. The hike in the collector rates has disappointed the Realtors to a great extent.

RBI may hike risk weights for regulated entities

Thu, Aug 26 2010

Being worrisome about the sustained and rapid rise in housing prices over successive quarters, the apex bank of country may soon take prudential measures to regulate the exposure of entities vis. banks, non-banking finance companies and financial institutions.

Ansal API plans Rs 400 crore QIP in next 15-20 days

Wed, Aug 25 2010

Indian real estate player Ansal Properties & Infrastructure is planning to raise a whopping sum of Rs 400 crore through institutional placement of shares. The company expects to raise the funds by next 15-20 days.

Golden Tobacco to sell 5.5-acre land, could fetch Rs 100-cr

Mon, Aug 23 2010

Countrys major cigarette manufacturing company Golden Tobacco has put its 5.5 acre land parcel near the international airport on auction. The land could fetch Rs 100 crore as expected by real estate experts.

Demand for homes to help Ansal Prop maintain growth

Sat, Aug 21 2010

Ansal Properties & Infrastructure (API) has been enjoying a great growth as it stock price has almost doubled during last year. The API has gained significantly from the demand for affordable housing.

RG Group to invest Rs 800 cr on housing project in Gr Noida

Fri, Aug 20 2010

Realty major RG Group has revealed it plan to invest a whopping amount of Rs 800 crore to develop a housing project in Greater Noida. In it multi phase development, RG Group will develop 2,500 units over 18 acres of land.

VBHC launches first project in Bangalore

Thu, Aug 19 2010

The Value and Budget Housing Corporation (VBHC) has launched its first Affordable Housing project in Bangalore. Under this scheme, VBHC will offer apartments between Rs 4.5 lakh and Rs 10 lakh.

EMIs to rise as SBI, ICICI hike lending, deposit rates

Wed, Aug 18 2010

SBI and ICICI, country’s largest public and private sector banks, have raised their prime lending rate (PLR) by 50 basis points (100 basis points=1%) each, which will make costlier home loan, car loan or a consumer loan for the existing borrowers.

Lodhas sell 10% in tallest residential project in Mumbai

Tue, Aug 17 2010

Lodha Developers, one of Indias leading realty firms, has sold off 10% of its stake to HDFC Venture Funds to raise funds for its 117 – storey residential tower in Mumbai. It has realized Rs 500 crore from the deal with HDFC.

Unitech mulls acquisition of new projects

Mon, Aug 16 2010

Countrys second largest real estate firm Unitech, after seeing over 14 per cent jump in its consolidated quarterly net profit, has been planning to dig potential of the market by acquiring new projects in the coming months.

Real estate oversupply can lead to Bubble 2.0

Fri, Aug 13 2010

Despite being the mushrooming state of Indian real estate market, the investor need to take high degree caution while choosing projects. One of the leading private equity investor has found that speculative buying can act as a downtrend.

Coimbatore realtors optimistic about pick-up in market

Thu, Aug 12 2010

The real estate players in the Coimbatore are expectant about the speedy pick-up in the market now, compared with same time last year. However, they are also aware of the dangers or building bridges in the air.

Home, auto, education loans get costlier for existing borrowers

Wed, Aug 11 2010

With the RBIs hawkish policy stance, country’s home, auto, and education loan lenders have hiked the interest rates in line, making Home Loan costlier for the existing borrowers.

Govt plans FAR bliss for Delhis old city

Tue, Aug 10 2010

The walled city of Delhi, including Old Delhi, Karol Bagh and certain other urban villages may enjoy the extended Floor Area Ratio (FAR) from 350 to 400, as the Delhi Cabinet is planning to send a proposal to the Centre.

Railways calls bids for Bandra land

Tue, Aug 10 2010

The Indian Railways has opened bids for its over four hectares of prime commercial land in Mumbai. The Railways has decided to lease out its vacant land for commercial development.

Tallest apartment building planned

Mon, Aug 9 2010

One of the cities of Kerala will now have the tallest apartment building, as the Alhind Builders has drawn a layout to build the tallest apartment with two helipads. The apartment will be built at Karaparamabu junction in Kozhikode.

Indiabulls gets another Mumbai property for Rs 1,505 cr

Sat, Aug 7 2010

IndiaBulls for the second time has claimed another South Mumbai based property which was put on e-auction by the National Textile Corporation (NTC). For this, it has set a bid of whopping Rs 1,505 crore.

Tata Realty targets Rs 30,000 crore projects by 2015

Fri, Aug 6 2010

Tata Realty and Infrastructure Ltd (TRIL), a wholly owned subsidiary of Tata Sons, has been focusing on an order book of Rs 30,000 crore by 2015. The project will be including building logistics parks, roads, airports, rapid transport systems, a top company official said Thurs day.

All About Home Builders

Fri, Aug 6 2010

Choosing the right builder,Various online real estate sites and portals are there that have listing of numerous renowned home builders,never hesitate before choosing your home builder rather select the best one for your dream home.

Bids cross Rs 1,000-cr mark for Bharat Mills Mumbai land

Thu, Aug 5 2010

The bid for National Textiles Corporation (NTC)s Worli-based 8.37–acre Bharat Textile Mills property had seen a whopping escalation. The bid amount has risen beyond Rs 1,000 crore on the first day of the three-day e-auction.

AP raises registration charges

Wed, Aug 4 2010

In a decisional step taken by Andhra Pradesh, the registration charges and market prices for properties would see upward revision in the state with effect from 1st August. It is a move to offset losses due to reduction in stamp duty charges.

Banks may woo existing home loan clients with base rate-linked special offers

Mon, Aug 2 2010

Home loan borrowers, who are linked to the prime lending rate, might come to enjoy an attractive offer from banks to get them to agree to the base rate as the new benchmark.

SVP Group eyes Rs 160cr revenue from luxury housing project

Mon, Aug 2 2010

Realty major SVP Group has stated that is expecting a revenue of whopping Rs 160 crore from luxury housing project that is being carried out with Ashiana Homes in Ghaziabad (Uttar Pradesh).

Circle rates hiked in Ghaziabad

Mon, Aug 2 2010

Now, Ghaziabad sees a steep rise of 10-20 percent in circle rate, as the Ghaziabad Development Authority has revised the circle rates after a late night meeting on Saturday. This will significantly affect property owners to get their property registered with higher amount of money.

NTCs Podar Mill land in Mumbai gets Rs 307-cr bid

Sat, Jul 31 2010

The e-auctions running for National Textile Corporations (NTC) Rs 2.39 Podar Mill property, has received a whopping bid of Rs 307.2 crore on Friday. The Managing Director of NTC has said that prime property has a reserve price of Rs 250 crore and the auctions would close at 5 p.m. on Saturday.