News & Facts

This is the right time to buy a budget home in Bengaluru A 100% tax exemption along with exemption from service tax is like a boon for many developers that are ready to construct houses with sizes up to 325 sq ft in metros and 650 sq ft in the other cities. The developers will undoubtedly try to take the full benefit of this law.  The announcement of policies on cheaper homes being offered to people has clearly evoked a big response in the first quarter of 2016. There has been a steady in... Read More
JLL remarks the demand for office space in Bengaluru keeps growing JLL has stated very clearly that out of 96 million sq ft of grade A office space, the available area on lease is only 4-5 %  BENGALURU: In this IT city, the demand for office space this year is expected to be around 10 million sq ft while the availability is as low as 8 million sq ft. Out of the city’s total stock of 96 million sq ft of office space, the available area to be leased out is expected to be between 4-5 ... Read More
Builders are now keen on the commercial segments HYDERABAD: The realty industry has started changing with changing times by shifting its focus from developing mundane commercial complexes. Currently, building malls to harbor Food & Beverage, jewelry and restaurants has become one of the primary interests of developers across the country. Development in e-commerce business and the changing tastes of people have brought about this change in the realty industry. A few global consultants are v... Read More
Commercial realty is where the builders’ interest is currently noticed MUMBAI | BENGALURU | NEW DELHI: In these 3 major cities, a sale of around 36 million sq ft of office space last year was noticed and that could have triggered the real estate developers to divert their attention to commercial real estate development. Moreover, since 2009, there has happened no launch in particular of commercial project across the country. Also, the supply of grade A office spaces has come down drastic... Read More
Embassy Group associates with Conerstone to construct warehouse BENGALURU: The popular developer Embassy Group has signed a deal with Cornerstone to lease 150 acres of land on which a warehouse is soon to be built, the size of which will be 150 million sq ft. According to official sources, the Billionaire Jitu Virwani of Embassy Group has commissioned this project in association with Conerstone. Embassy has already formed a JV with private equity Warburg Pincus last year. The deal between the ... Read More
New home launches in Delhi NCR rise by 62% in the first quarter of 2016 New Delhi: According to Cushman & Wakefield, in the first quarter of 2016, the new launch of projects in Delhi NCR has risen by 62% despite the existence of unsold stock in several areas. The surprising fact is that out of the total launches that happened, 40% constitute the affordable housing segment. The ticket prices have fallen in the recent days due to the developers’ reducing their basic selling rates and ... Read More
Piramal arm to pump huge sums of money into Cornerstone’s Bengaluru project BENGALURU: Official sources confirmed that Piramal Fund Management, the real estate investment arm of Ajay Piramal Group, is very likely to invest close to Rs.350 crore on the project being developed by Cornerstone Group in Bengaluru. The 1000 acre project developed by Cornerstone near the International Airport will be named Knowledge city and it will have a very good infrastructure. Cornerstone will invite many ... Read More
KKR extends support to Mantri by giving Rs.145 crore BENGALURU: The Bengaluru based Mantri Developers has signed a MOU with the financial firm KKR to obtain Rs.145 crore to develop a luxurious residential project in the city in the near future. This particular development will occupy an area of 1.3 million sq ft of space. Sushil Mantri, Chairman and Managing Director of Mantri Developers, said, "We are really happy that a big financial institution like KKR is joining hands with us to develop ... Read More
Kundli Manesar Palwal Expressway to see a massive development in realty The Palwal-Manesar section that has a 136 km Kundli-Manesar Expressway will see a lot of projects coming up in the near future, on either side of its 2 km stretch controlled by the authorities. According to a spokesperson of Haryana State Industrial and Infrastructure Development Corporation, ( HSIIDC ) the project would be comprised of commercial, service and industrial developments. The Managing Director of HSIIDC Sudhi... Read More
Snapdeal Partners Puravankara, in a surprising move, offers a new rental scheme New Delhi: The association between the online marketplace Snapdeal and Puravankara has resulted in the latter offering rent to its buyers for seven years, in Coimabatore, Chennai, Bengaluru and Kochi. Around 200 ready-to-move-in apartments are on sale in these lines. In another development, Snapdeal and Puravankara have tied up with JLL India, the property consultant to announce a “Managed Residences Plan&rdq... Read More
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