Real Estate News - Page 19

Rajesh Khanna's sea-facing bungalow sold for Rs 95 cr to Allcargo Logistics' exec

Veteran actor Rajesh Khanna's sea-facing bungalow, popularly known as Aashirwad, located on Carter Road in suburban Mumbai, has finally been sold to Shashi Shetty, the founder and executive chairman of Mumbai-headquartered Allcargo Logistics for Rs 95 crore.

Want to get rid of corruption in real estate? Remove tax sops that encourage buying

The tax incidence applicableon real estate transactions in the form of stamp duty and capital gains tax creates incentives for taxevasion,

The big shift in Mumbai realty: When Cuffe Parade fell off the rich list

Mumbai is the 16th most expensive city globally in terms of owning a house but prime locations like Colaba, Cuffe Parade and Malabar Hills are no longer topping the residential price charts.

Global realty investors to avoid Tier II, Tier III cities for now, will focus on metros: Experts

While the developers' community is upbeat about foreign investments in smaller cities, international players are reluctant to enter markets which are of high risk,

Good news! RBI eases norms to buy immovable property abroad

Encouraged by an improvement in the forex market, the Reserve Bank on June 3 had raised annual overseas investment ceiling for individuals to $125,000 from $75,000.

Sale of residential properties to revive in Q4 of 2014 on Modi's growth push

Due to low consumer confidence during last year and even in the first half of 2014, residential property absorption levels reduced significantly resulting in an increase in inventory levels and correction in prices

Maha cabinet cuts red-tape in Mumbai region land purchases; but home buyers need not celebrate

Tens of thousands of hectares of land may soon be unlocked in the Mumbai Metropolitan Region, thanks to a decision taken by the state cabinet on Wednesday (16 June) to streamline the clearance of agricultural lands for developmental activities. But home buyers need not salivate. Their homes are unlikely to get any cheaper, though the rate of appreciation might taper off.

Mumbai's office space leasing to pick up only in 2015: CBRE

According to CBRE, central business district of Nariman Point, Fort and Cuffe Parade saw sluggish transactions during the second quarter of the year.

Indiabulls group begins to implement restructuring exercise

Under the deal agreed between three founder-promoters, Indiabulls Housing Finance, Indiabulls Real Estate, Indiabulls Securities and Indiabulls Wholesale Services will see exit of Rattan and Mittal, giving full control to Gehlaut.

Smart cities will be more than IT; govt working on features

Finance Minister Arun Jaitley in Budget 2014-15 had announced developing 100 smart cities as satellite towns of larger cities and by modernising the existing mid-sized cities.

RBI's affordable housing boost is advantage builders: How black money is the real winner

The RBI's new norms is expected to ease credit for affordable housing but here's what it is likely to mean for the sector.

Lavasa to Lodha: Is the revival in real estate IPOs for real?

Even though Lavasa Corporation may have set the IPO wheel rolling, execution skills of the developer, his track record, visibility of earnings and the demand and price sustainability is what can prop up the realty market. And with investors demanding that IPO candidates hold a sizable number of assets and not too much debt, realty companies are in for a tough ride.

HDIL sells multiplex biz for Rs 105 cr, to focus on slum rehab projects

Mumbai-based realty major Housing Development and Infra has sold its multiplex business HDIL Entertainment, which runs 33 multiplexes under the brand name Kulraj Broadway, to Carnival Films for Rs 105 crore as part of the group's strategy to exit non-core business and reduce its debt.

Default fears: Why home buyers are paying 'hefty premiums' for ready possession homes

For your immediate need, it makes sense to go for ready-to-move-in homes and these are best for end-users who are already burdened with home rent

Is your building going in for redevelopment? Here's your check-list

Looking to buy a home? Keep your fingers crossed; Modi's infra push can jack up prices

While it is clear that economic recovery requires correction in prices, it remains to be seen if Modi's thrust on infra alone can achieve the same or rather spell more doom for the aspiring home buyer.

In stratosphere: Home prices in Navi Mumbai, Thane shot up 85% in last 5 years

If you were hoping that property prices will finally correct in 2014, think again.

Parsvnath Developers plans to raise Rs 1000 cr through sale of land parcels

The funds raised from divestment would be primarily used for debt reduction.

PMO wants to turn Homi Bhaba's bungalow, auctioned for Rs 372 cr, into museum

The Centre informed the Bombay High Court on Monday that in the public interest it was considering whether to take over the Mehrangir bungalow of late scientist Homi Bhabha at Malabar Hill in south Mumbai for converting it into a museum.

Mumbai metropolitan region emerging growth centre for realty, finds CBRE

The Mumbai Metropolitan Region (MMR) is a metropolitan area consisting of the metropolis of Mumbai and its satellite towns.

Campa Cola: MCGM starts disconnecting electricity, water supply

After backing out from their stand of prohibiting the entry of MCGM officials in the compound, the residents, following the intervention of Maharashtra Chief Minister Prithviraj Chavan, had yesterday apologised to the civic body for the inconvenience caused to them.

Campa Cola: BMC to disconnect power, water today as residents relent

The residents have also written to President Pranab Mukherjee hoping for a presidential "pardon"

Campa Cola face-off continues: MCGM says may use force to enter

Municipal Corporation of Greater Mumbai (MCGM) officials reached the housing complex in the plush Worli area of south Mumbai and for the third day today were seen trying to convince the residents to let them perform their duties.

How the demolition of flats in Campa Cola compound is targeting the wrong persons

There is no doubt building and municipal laws have been broken by the developer of the property, probably in cahoots with municipal officials and crooked politicians. This is how the illegal floors got built. So, purely from a legal point of view, there is no doubt that the illegality must be ended by razing these floors.

Campa Cola demolition: Residents block civic officials, performs 'havan' to save their homes

Mumbai municipal officials today descended on the posh Campa Cola society to cut off essential supplies to the illegal flats but are facing stiff resistance from the residents, who have blocked their entry by locking up the gates and forming human barricades.

Connaught Place 8th most expensive office place globally, Mumbai's BKC 16th

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