Launches in July 2018 were significantly lower than the monthly average of 14.5 mn sq ft in the past 12 months. Consequently, inventory across India dropped 10 percent to around 1 bn sq ft from 1.1 bn sq ft in July 2017. Prices saw a slight increase in July 2018 averaging around Rs 6,100 per […]
Residential real estate sales at 22.2 mn sq ft this year, new launches declinemore
After its success in London, the Global Conclave for Indian Realty (GCIR) is back with its second edition of knowledge series specifically aimed at helping NRIs invest in their homeland. Lead by real estate and urban development expert Manisha Natarajan, GCIR aims at bridging the gap between potential NRI investors and property dealers. The first […]
NRIs to get real estate buying tips at Dubai conclavemore
A favourable exchange rate coupled with regulatory reforms present an unprecedented investment opportunity for Non-Resident Indians (NRIs) looking to buy Indian real estate. With the rupee depreciating against the dollar, NRIs have more purchasing power for investments back home. Reforms such as the Real Estate (Regulation and Development) Act and introduction of escrow accounts have […]
Why Indian real estate presents an opportunity for NRIsmore
Real estate may be down in the dumps right now. But even so, compared with most other big businesses, At its core, real estate is the coolest even in failure. You build an airline on leased planes and if it fails all that the lenders are left with is a brand with which they can […]
Reasons to not give up on Indian real estatemore
One of Spain’s Balearic Islands, Menorca is known for its natural beauty and has a reputation for being family-friendly and low key. It is the least visited and developed island in the archipelago, but lately it’s been receiving more attention. Tourism is up, the second-home market is seeing a revival and new boutique hotels and […]
Menorca’s Real Estate Market Sees Rapid Growthmore
Piramal Enterprises Ltd has denied any loan default by real estate developers, including Lodha, Omkar, Vatika, Embassy, Radius, Nahar, Aristo and Supertech. “Piramal Enterprises would categorically like to state that we have an extremely robust loan processing and recovery process, including risk management and asset monitoring system. Developers like Lodha, Omkar, Vatika and Embassy referred […]
Piramal Enterprises denies loan defaults by real estate developersmore
On September 12, the government approved the proposal of AIGP Developers (Pune) to set up IT/ITES special economic zone (SEZ) in Maharashtra. The total area allotted for the SEZ is more than 6.69 hectares. An official present at the meeting confirmed the news and said, “After deliberations, the board, chaired by the commerce secretary, approved […]
The government gives go-ahead to AIGP Developers (Pune) to set up IT/ITES special economic zone in Maharashtramore
A few years ago, based on the no-objection certificate granted by Airports Authority of India (AAI) on height clearance, the MMRDA (Mumbai Metropolitan Region Development Authority) had granted permission to construct to around 139 meters to the builders of Lodha New Cuffe Parade in Wadala. However, new height restrictions were imposed by the AAI thereafter […]
Court’s demolishing order to Lodha New Cuffe Parade is based on new norms of height restrictions by Airports Authority of Indiamore
Pune: Those seeking to own a home under the PMAY in Pune will now have to show Aadhaar cards as an ID proof. Failing to do so will make them ineligible for the scheme. This latest development has been confirmed by PMRDA (Pune Metropolitan Region Development Authority) officials. They also stated that they are working on a […]
grant homes to people under the Pradhan Mantri Awas Yojana (PMAY) only if they produce their Aadhaar card as ID proofmore
After a yearlong wait, the Maharashtra Coastal Zone Management Authority (MCZMA) can now heave a sigh of relief. Thanks to clearance of the coastal zone management plans for five districts – Sindhudurg, Ratnagiri, Raigad, Mumbai City and Suburbs from the environment ministry, the MCZMA will now be able to have a look at 400 pending […]
Environment ministry grants clearance of the coastal zone management plans to Mumbai City and Suburbs, Sindhudurg, Ratnagiri and Raigadmore
