Category: Mumbai

Piramal Realty to focus on the mid-market segment – plans to invest Rs. 3,500 crore in Mumbai.

January 23, 2020

Piramal Realty, the Piramal Group’s real estate development arm, plans to invest over Rs 3,500 crore in the Mumbai Metropolitan Region (MMR) residential project over the next 3 years with a strong focus on mid-market segment, said a top company official. Goldman Sachs and Warburg Pincus are investors of this enterprise which is entering the […]

Piramal Realty to focus on the mid-market segment – plans to invest Rs. 3,500 crore in Mumbai.more

Home buyers finally got the status of Primary secured creditors

Bengaluru-based Embassy group is going to invest Rs 2,000 crore into co-living space.

January 22, 2020

On 21st January, the Bengaluru-based Embassy Group has entered into co-living space and plans to build six such buildings in Bengaluru and Chennai. They are planning to widen there co-living brand Oliven to Hyderabad, Mumbai, Pune and Delhi-NCR. Initially, 20,000 beds space is being launched, starting from Bengaluru (15,000), Chennai (2,500) and Pune (2,500) and […]

Bengaluru-based Embassy group is going to invest Rs 2,000 crore into co-living space.more

Developers are avoiding redevelopment projects – proposals down by 50% in the past year.

January 20, 2020

Redevelopment of housing societies, once a capital spin-off for most of the builders in Mumbai, has almost ended. In addition to a sluggish real estate market, developers say projects such as these, which earlier gained huge revenues, are no longer profitable because of the BMC’s high premiums and construction expenses. Throughout the city, developers have […]

Developers are avoiding redevelopment projects – proposals down by 50% in the past year.more

Real Estate firm Avighna group is looking to partner with HBS realtors for Worli Project.

Avighna Group, a real estate developer, is in advanced discussions with HBS Realtors to conclude a joint agreement on the development of a residential project of Rs 1,800 crore projects in Worli, Mumbai. The project is estimated at a total development capacity of 0.72 million square feet and will spread across 3.4 acres of land […]

Real Estate firm Avighna group is looking to partner with HBS realtors for Worli Project.more

Nomination Open – 3rd Real Estate and Construction Industry Leadership Awards

Realty Quarter celebrating its 3rd edition of the “Real Estate and Construction Industry Leadership Awards” and highest achievements done by the companies & individuals serving the real estate sector & construction industry. The awards recognize and salute to the excellence and commitment practising in the industry. The objective of this awards is to promote the […]

Nomination Open – 3rd Real Estate and Construction Industry Leadership Awardsmore

Joint property owners can file income tax return using this forms.

January 13, 2020

The income tax department permits joint owners of single house property to file the income tax return by simply using Form-1 (Sahaj) or Form-4 (Sugam). On 3 January, the taxpayers who had owned a house in joint ownership were debarred, and those who had paid Rs 1 lakh of electricity billed in a year or […]

Joint property owners can file income tax return using this forms.more

State Bank of India initiates Home Buyer Finance Guarantee Scheme.

January 11, 2020

To provide a booster to the property market, on January 8, India’s leading lender, State Bank of India, has unveiled a guarantee scheme for home buyer funding whereby, if the developer fails to deliver the house within a predetermined time, the lender will reimburse the entire amount of the principal. Until the occupation certificate is […]

State Bank of India initiates Home Buyer Finance Guarantee Scheme.more

Nanma Properties, part of the Eastern Group is going to enter into Affordable Housing Market.

Nanma Properties, part of the Eastern Group has established preparations for entrance into the affordable housing market. The decision of the Group reflects the declaration by the Central Government of the subsidies for the affordable housing sector. Navas Meeran, Chairman of the Eastern Group, said Nanma Properties Ltd will invest Rs 2,500 crore in an […]

Nanma Properties, part of the Eastern Group is going to enter into Affordable Housing Market.more

Mumbai developers approached MMRC to get direct access to Metro stations through their projects.

January 9, 2020

As the real estate market is still in a major slump, some of the biggest developers have found a new way of drawing customers to their high-end projects. They also addressed Mumbai Metro Rail Corporation (MMRC) to provide them with direct access to the underground stations of the 33.5 km Colaba-Bandra-Seepz Metro-3 from their current […]

Mumbai developers approached MMRC to get direct access to Metro stations through their projects.more

Authority demands reduction of interest rate on home loans.

The real estate industry has urged the government to lower the interest rate on home loans to 7% and to raise the deduction of income tax on interest paid on housing loans to Rs 5 lakh to help revive demand after home sales rose by just 1% in 2019. The industry body National Real Estate […]

Authority demands reduction of interest rate on home loans.more

Category: Mumbai

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