News & Facts

From Leasehold To Freehold? Noida To Decide At Meeting On October 25 As Noida authority has taken intervention into the matter transferring residential properties from leasehold of freehold, the decision is yet to be taken in a board meeting. Basically, the residents have been demanding the fact that their properties should be converted to freehold from leasehold for better living. And on this matter, the CEO of Noida Authority Alok Tandon has assured of coming up with a productive decision soo... Read More
Flipkart Snaps India's Largest Office Leasing Deal in Bangalore for 3 Million sqft at Rs 300 Crore/Yr Flipkart, India’s largest e-commerce portal has closed the largest office space deal in Bangalore covering about 3 million sqft of space which would further be used to house its ever-growing staff. The Bangalore-based embassy office park is a joint venture between Embassy Group & Blackstone for building their sprawling office campus meticulously situated in the heart of Bangalore. T... Read More
Ready-To-Move-In Flats In Hot Demand, Why Only Less People Want To Invest In New Project Owing to the defaulter transactions and failure in delivery of the housing projects, there has been a significant effect on demand for the investments in new projects. Besides delays, developers claiming sudden bankruptcy and practicing of unscrupulous activities has added fuel to the fire. It has deviated people from investing in projects that will take longer time to complete. They do not get to know as t... Read More
Blackstone Group And Embassy Group Have Teamed For India's First Real Estate Investment Trust channelizing their working module, India’s maiden Real Estate Investment Trust (REIT) came into action after four years rules notification. The Government has been constantly doing efforts to upgrade regulations at par with high-end global standards. Going by the route, it has been noted that Embassy Office Parks is set to file documents with SEBI (Securities and Exchange Board of India) for esca... 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
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