News & Facts

  News corp owned firm Proptiger.com and Softbank Group part of company Housing.com have made an announcement that these companies have tied up to form an Online real estate portal, this portal will be one of the largest in India. This initiative is set to attract lot of fresh investments. USD 50 million will be added by REA Group and USD 5 million is getting funded by an affiliate of SoftBank. This project is set to be one of the biggest investments in India’s digital real estate s... Read More
MUMBAI: People are thoroughly exhilarated by the announcement made by the government to provide interest subvention of 3% and 4% for loans of up to Rs 12 lakh and Rs 9 lakh, respectively. The Prime Minter’s Awas Yojana scheme has evoked a massive response across the country. The aim of the government to provide housing for all within the next few years has again been emphasized by the Prime Minister Modi on the New Year’s Eve. The address from him to the nation also covered the ar... Read More
  The new announcement by the government of demonetization will bring a lot of changes to the realty business across the country,” says Sunil Rohokale, MD & CEO, ASK Group. Also, this particular stand by the government will bring together the builders and buyers by developing a higher level of transparency. ASK Group has set its foot long back in the Metro cities and has distributed its real estate investment funds widely. There is a wide speculation as to what extent the demo... Read More
MUMBAI: India’s commercial capital Mumbai has done extremely well in terms of private equity investments. A $2 billion (Rs 13,400 crore) has been invested in Mumbai’s realty between June and Dec 16 which is a 44% increase against the previous year. Foreign investors have shown a pretty good response raising the investment level by 19% from a year ago. Residential assets have really done well accounting for 62% of total investments in the city. A global survey of Cushman & Wak... Read More
MUMBAI: According to a top company official, Alpha Corp is looking to invest up to Rs 2,000 crore in Mumbai in the next 4 years. The investment will be a blend of alliances, land parcels and outright purchases. Ashish Sarin, CEO, Alpha Corp. told ET that the company was looking at various business methods such as joint venture and other model which include buying lands. He further added that the company was open to other options as well. Alpha Corp is in talks with private firms to initiate ... Read More
In a new development the Delhi Development Authority has come up with a scheme whereby, nearly about 13,500 flats will be up for resale by next year. Many of these flats are one bedroom accommodations surrendered by the allottees of the 2014 project. On the 18th of November, the decision was taken unanimously.  While the scheme is yet to take shape by January next year, the agency owning the lands will at least take a few months more to work out the details. Moreover, the banking sectors... Read More
SINGAPORE: According to reports, India has emerged as one of the best investment destinations, with Bengaluru and Mumbai topping the list of investment choices. John Fitzgerald, chief executive of the Urban Land Institute (ULI) said,” There is a greater scope for real estate business in India than in the other countries. The investment prospect survey shows that there is a possibility of the number of investors to grow this year. In fact, Japan and Australia used to be the best investm... Read More
Trump Organization has plans to penetrate into office real estate segment across India. Bengaluru:  The real estate firm Unimark Group has struck a deal with the Trump organization, the New York-based business venture of US president-elect Donald Trump to construct residential and commercial buildings. The talks are going on in Pune for further expansion and opportunities are being looked into in some large cities to get into the office real estate segment. The partnership between the ... Read More
There is a 25-basis-point rate cut announced by RBI in the first quarter of the calendar year 2017. NEW DELHI: While the nation is dealing with the challenges of demonetization, particularly in exchanging the old Rs. 500 and Rs. 1000 notes, the home seekers will see some significant benefit out of this. Niranjan Hiranandani, CMD- Hiranand Communities and Founder-President, NAREDCO Maharashtra said,” This scenario will be an advantage for home buyers on two aspects”. A... Read More
MUMBAI: EMGEE, the realty giant has acquired more than 100 acres of land in Mumbai to construct affordable housing units. In the next five years, the company says it would build close to around 25,000 units at a cost of Rs 1,600 crore. Mudhit Gupta, CMD, EMGEE Group said,” This segment of housing has picked up a lot of speed over the recent past and the demand has increased on a steady pace. Our aim is to build just over 1 lakh such houses over the next 5 years”. A 100 acre land ... Read More
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