News & Facts

The association between Tata Housing, the real estate arm of Tata’s and Lotus Green, the local developer, has actually given shape to a spectacular project "Destination 150", in Noida. The announcement for the same was made very recently. This development is happening on twenty acres of land with Ultra-modern facilities for residents. The project will have 2 BHK and 3 BHK units starting at 50 lakhs and 57 lakhs respectively. Destination 150 will have features like never before and offer t... Read More
The year 2017 is expected to strengthen the realty business in every way possible. The stakeholders are very particular on obtaining income tax revision and demanding clarity on GST, house rent allowance and policies to standardize construction materials, to take the real estate industry to the next level. The stakeholders have some expectations from the budget announced for this year. Industry status  It is a well known fact that the real estate industry is contributing to over 15% of t... Read More
New Delhi: In order to give a facelift to the realty sector, the realtors’ apex body NAREDCO has demanded that the infrastructure status be released to understand the incentive policies for the housing sector. The association has requested the government to award infrastructure status to the housing sector to patronize the low and MIG category housing units among its wish list. The National Real Estate Development Council (NAREDCO) has clearly said that the government should introduce cl... Read More
Nasscom’s decision to lower IT export to 8% is likely to affect the absorption of commercial space in the coming days. BENGALURU | MUMBAI: The commercial real estate segment is likely to get affected in Bengaluru as the IT industry body Nasscom has announced plans to reduce IT export growth to a considerable level. This has come in the aftermath of the fallout of Britain from the European Union and Donald Trump’s victory in the US presidential polls. Originally, Nasscom had pr... Read More
Anuj Puri, chairman and country head of realty consultancy JLL India said,” I am quitting the firm and Ramesh Nair will take over from me from the first week of March 17. The details are yet to be known of this change in responsibility. Ramesh Nair will assume responsibility from the Ist week of March and report to the JLL’s Asia Pacific CEO Anthony Couse. Puri joined JLL in 2007 when his company Trammell Crow Meghraj (TCM) merged with the Indian arm of global real estate firm JL... Read More
  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
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