Category: Property Updates

Nine developers and MHADA held a meeting to negotiate the costing of Patra Chawl redevelopment project.

November 29, 2019

The 672 tenants of Patra Chawl’s redevelopment project in Goregaon get a ray of hope for the first time since their homes were demolished in 2010. On 27 November, nine private developers who bought the land from Housing Development and Infrastructure Limited (HDIL) in the 42-acre redevelopment plan, met with officials from the Maharashtra Housing […]

Nine developers and MHADA held a meeting to negotiate the costing of Patra Chawl redevelopment project.more

Investment: How to avoid stalled project risk and evaluate the financial health of a developer’s project?

Despite India’s property sector being subjected to delayed and stalled housing projects, home buyers are in the need of checking the financial health of a builder, so as to prevent any uncertainty about its completion. “To avoid risks later it is extremely important for a buyer to verify a project’s financial health. See the company […]

Investment: How to avoid stalled project risk and evaluate the financial health of a developer’s project?more

Vista Spaces plans to acquire commercial and residential projects with DMI Alternative Investment.

November 28, 2019

In order to procure and develop commercial and residential projects in Bengaluru, Vista Spaces, who constructs premium real estate, has entered into a strategic partnership with DMI Alternative Investment Fund. The firms will collectively evaluate six projects to co-invest under the equity partnership. For two of these projects, they have already signed Memoranda of Understanding. […]

Vista Spaces plans to acquire commercial and residential projects with DMI Alternative Investment.more

ICRA report: Debt exposure of top realty firms reduces by 25% in the last three years.

November 27, 2019

A report from ICRA demonstrates that the total exposure of debt to the real estate sector has grown by 38% since the financial year 2017. But on the other hand, the debt levels for primary realty players on the list have fallen by 25% in the same period. The report showed that major listed real […]

ICRA report: Debt exposure of top realty firms reduces by 25% in the last three years.more

PMAY-Urban: Individual can check their housing subsidy application online through the CLSS Awas portal.

November 26, 2019

CLSS Awas portal was launched on 25 November by Union Minister Hardeep Singh Puri, through which people will be able to track their applications for housing subsidies under the Pradhan Mantri Awas Yojna (PMAY)-Urban. The Ministry of Housing and Urban Affairs said at the launch of the Credit Link Subsidy Scheme (CLSS) Awas Yojana that […]

PMAY-Urban: Individual can check their housing subsidy application online through the CLSS Awas portal.more

WeWork Company plans to remove non-performing sites as the net loss increases to $1.25 billion in Q3 2019.

November 20, 2019

On Wednesday, the WeWork owner declared a net loss that has been more than doubled to $1.25 billion in the third quarter, as the company’s operator added a record number of desks to its global network but was unable to control rising costs. In the quarter ended Sept. 30, WeWork opened 97 new sites, the […]

WeWork Company plans to remove non-performing sites as the net loss increases to $1.25 billion in Q3 2019.more

Prestige Group acquires a joint venture deal for a Commercial property located in Bandra, Mumbai.

November 19, 2019

Prestige Group, the real estate company, has purchased 28.99% stake in the commercial development of a DB Realty project. This Commercial property is located in Mumbai’s Bandra area which is having over 7 lakh sq ft development potential and priced at approximately Rs 2,100 crore. The joint venture will develop a project for mixed uses, […]

Prestige Group acquires a joint venture deal for a Commercial property located in Bandra, Mumbai.more

The need for a playground in the upcoming residential projects.

November 15, 2019

People are social beings that strive for relationships and a sense of belonging. The extent to which we succeed in building long-term relations in adulthood is largely determined by the level of social development we have had as children. Today, parents are more aware and involved in their children’s overall development. Importance of an open […]

The need for a playground in the upcoming residential projects.more

Global investment bank Morgan Stanley has acquired the biggest deal in Goregaon, Mumbai.

November 13, 2019

Morgan Stanley, the global investment bank, has been taking up almost 800,000 sq. ft of office space at Mumbai’s suburb in Oberoi Realty’s Commerz project; it is one of the largest built-to-suit office space deals in the country. The contract is for 15 years, which includes a fixed term of 10 years and an option […]

Global investment bank Morgan Stanley has acquired the biggest deal in Goregaon, Mumbai.more

Entities involved in Land Banking and its effect on the real estate sector.

November 12, 2019

Land banking consists of aggregating the plots or land blocks for future sales or construction at current or below-market rates. A land aggregator aggregates land-based on social infrastructure and demographic factors by monitoring the geographical and topological locations that are ready for investment. The land usually originates in an unprepared format to the aggregator, whereby the land […]

Entities involved in Land Banking and its effect on the real estate sector.more