http://news.mumbai-properties.com Properties in Mumbai Copyright 2008 Thu, 20 Nov 2008 15:13:57 +0000 http://wordpress.org/?v=1.2.2 http://news.mumbai-properties.com/1098/indias-property-developers-focus-on-mid-income-housing/ http://news.mumbai-properties.com/1098/indias-property-developers-focus-on-mid-income-housing/#comments Thu, 20 Nov 2008 15:13:57 +0000 News http://news.mumbai-properties.com/1098/indias-property-developers-focus-on-mid-income-housing/ Indias real estate developers are focusing on mid-income residential developments amid calls for liquidity and finance at lower rates, according to a survey. Research conducted by Cityscape intelligence establishes that lower interest rates are key to affordable housing. The survey also revealed that many of Indias top real estate developers are ... http://news.mumbai-properties.com/1098/indias-property-developers-focus-on-mid-income-housing/feed/ http://news.mumbai-properties.com/1097/real-estate-giant-hdil-to-sell-off-45-million-square-feet/ http://news.mumbai-properties.com/1097/real-estate-giant-hdil-to-sell-off-45-million-square-feet/#comments Mon, 17 Nov 2008 15:09:59 +0000 Properties News http://news.mumbai-properties.com/1097/real-estate-giant-hdil-to-sell-off-45-million-square-feet/ In a sign of the times, the countrys third largest real-estate player, Housing Development and Infrastructure Limited (HDIL), has offered to sell off three of its plots totalling about 4.5 million square feet. Analysts say the rare move shows the extent of liquidity crunch in the realty market where no ... http://news.mumbai-properties.com/1097/real-estate-giant-hdil-to-sell-off-45-million-square-feet/feed/ http://news.mumbai-properties.com/1096/kamat-hotels-acquires-property-in-orissa/ http://news.mumbai-properties.com/1096/kamat-hotels-acquires-property-in-orissa/#comments Sat, 15 Nov 2008 15:06:24 +0000 Properties News http://news.mumbai-properties.com/1096/kamat-hotels-acquires-property-in-orissa/ Kamat Hotels India announced that the company has acquired a Hotel property situated at Bhubaneswar, Dist. Khurda, Odisha (Orissa) thus keeping with the companies growth plans. The company said that the purchase marks its presence in the Odisha State and is likely to enhance the operations of the company. The company ... http://news.mumbai-properties.com/1096/kamat-hotels-acquires-property-in-orissa/feed/ http://news.mumbai-properties.com/1095/stanchart-buys-rs-750-cr-property/ http://news.mumbai-properties.com/1095/stanchart-buys-rs-750-cr-property/#comments Fri, 14 Nov 2008 15:37:17 +0000 Properties News http://news.mumbai-properties.com/1095/stanchart-buys-rs-750-cr-property/ At a time when commercial property prices are declining and developers struggling to raise funds, multinational bank Standard Chartered has bought close to 2.5 lakh sq ft of office space in Mumbais Bandra-Kurla Complex (BKC) for Rs 750 crore. StanChart purchased the property from first-time developer PD Developers at around ... http://news.mumbai-properties.com/1095/stanchart-buys-rs-750-cr-property/feed/ http://news.mumbai-properties.com/1094/real-estate-giant-to-sell-off-45mn-sq-ft/ http://news.mumbai-properties.com/1094/real-estate-giant-to-sell-off-45mn-sq-ft/#comments Thu, 13 Nov 2008 15:37:13 +0000 Properties News http://news.mumbai-properties.com/1094/real-estate-giant-to-sell-off-45mn-sq-ft/ In a sign of the times, the countrys third largest real estate player, Housing Development and Infrastructure Limited (HDIL), has offered to sell off three of its plots totalling about 4.5 million square feet. Analysts say the rare move shows the extent of liquidity crunch in the realty market where ... http://news.mumbai-properties.com/1094/real-estate-giant-to-sell-off-45mn-sq-ft/feed/ http://news.mumbai-properties.com/1093/luxury-duplex-apartments-in-mumbai-left-without-buyers/ http://news.mumbai-properties.com/1093/luxury-duplex-apartments-in-mumbai-left-without-buyers/#comments Wed, 12 Nov 2008 14:31:13 +0000 Properties News http://news.mumbai-properties.com/1093/luxury-duplex-apartments-in-mumbai-left-without-buyers/ Duplex apartments in a posh Mumbai neighbourhood that could cost Rs100 crore and offer stunning views of the Arabian Sea have failed to find a single buyer in eight months, reflecting the telling impact of a realty slowdown. Morarka Bungalow on 29, Nepean Sea Road, in south Mumbai, not far ... http://news.mumbai-properties.com/1093/luxury-duplex-apartments-in-mumbai-left-without-buyers/feed/ http://news.mumbai-properties.com/1092/gis-based-mapping-ready-to-start-soon/ http://news.mumbai-properties.com/1092/gis-based-mapping-ready-to-start-soon/#comments Mon, 10 Nov 2008 14:25:52 +0000 Properties News http://news.mumbai-properties.com/1092/gis-based-mapping-ready-to-start-soon/ After a delay of almost a year, the financial capital is finally set to have Geographical Information System (GIS) enabled maps that will not only record the citys 3 lakh properties but will also mark every road, tree, dustbin and manhole in a locality alongside the vital installations. This will ... http://news.mumbai-properties.com/1092/gis-based-mapping-ready-to-start-soon/feed/ http://news.mumbai-properties.com/1091/mayfair-group-to-set-up-high-end-boutique-property-in-south-goa/ http://news.mumbai-properties.com/1091/mayfair-group-to-set-up-high-end-boutique-property-in-south-goa/#comments Sun, 09 Nov 2008 14:15:12 +0000 Properties News http://news.mumbai-properties.com/1091/mayfair-group-to-set-up-high-end-boutique-property-in-south-goa/ The MayFair Hotels & Resorts Ltd has very recently taken over a three star property in South Goa called Betul Beach Resort. The take over now provides the MayFair Group with all authority to restructure, manage and operate the property. Talking to TravelBiz Monitor, Dilip Ray, Chairman, MayFair Hotels & ... http://news.mumbai-properties.com/1091/mayfair-group-to-set-up-high-end-boutique-property-in-south-goa/feed/ http://news.mumbai-properties.com/1090/church-trust-school-battle-it-out-over-property-rights/ http://news.mumbai-properties.com/1090/church-trust-school-battle-it-out-over-property-rights/#comments Sat, 08 Nov 2008 16:14:17 +0000 Properties News http://news.mumbai-properties.com/1090/church-trust-school-battle-it-out-over-property-rights/ The Bombay Diocesan Trust Association (BDTA), custodian of Anglican Church properties in the city, is locked in a tussle with the management of a 95-year-old school in central Mumbai over the right to develop the schools property. After initially permitting the school to go ahead with its development plan, the BDTA, ... http://news.mumbai-properties.com/1090/church-trust-school-battle-it-out-over-property-rights/feed/ http://news.mumbai-properties.com/1089/gulf-buyers-to-boost-indian-real-estate-market/ http://news.mumbai-properties.com/1089/gulf-buyers-to-boost-indian-real-estate-market/#comments Fri, 07 Nov 2008 15:31:10 +0000 Properties News http://news.mumbai-properties.com/1089/gulf-buyers-to-boost-indian-real-estate-market/ Indias property investment market could get a major boost from Gulf-based buyers at an upcoming homes exhibition. Cityscape India, being held in Mumbai from from December 8 to 10, is expected to attract interest from across the globe with a range of talks and stands. Dubai-based developer Limitless is among companies exhibiting ... http://news.mumbai-properties.com/1089/gulf-buyers-to-boost-indian-real-estate-market/feed/ http://news.mumbai-properties.com/1088/molinaro-koger-to-sell-le-meridien-piccadilly-on-behalf-of-lehmanstarwood-jv/ http://news.mumbai-properties.com/1088/molinaro-koger-to-sell-le-meridien-piccadilly-on-behalf-of-lehmanstarwood-jv/#comments Thu, 06 Nov 2008 15:44:49 +0000 Properties News http://news.mumbai-properties.com/1088/molinaro-koger-to-sell-le-meridien-piccadilly-on-behalf-of-lehmanstarwood-jv/ London, England; Starman Hotels, a hotel investment joint venture between affiliates of Lehman Brothers and Starwood Capital Group, has assigned Molinaro Koger to sell the five star Le Méridien hotel on Piccadilly, in central London. The historic Grade II listed 267-room property will be sold subject to a management agreement ... http://news.mumbai-properties.com/1088/molinaro-koger-to-sell-le-meridien-piccadilly-on-behalf-of-lehmanstarwood-jv/feed/ http://news.mumbai-properties.com/1087/kolkatans-eye-realty-overseas/ http://news.mumbai-properties.com/1087/kolkatans-eye-realty-overseas/#comments Mon, 03 Nov 2008 14:35:44 +0000 Properties News http://news.mumbai-properties.com/1087/kolkatans-eye-realty-overseas/ Want to buy a villa on a beach in Spain or Italy? Yes, it is no longer a dream as real estate prices have crashed in Europe, North America and South-East Asia following the global meltdown. So, buying a property in dream destinations is now a reality. Forget about cash-rich ... http://news.mumbai-properties.com/1087/kolkatans-eye-realty-overseas/feed/ http://news.mumbai-properties.com/1086/realtors-double-broker-commission/ http://news.mumbai-properties.com/1086/realtors-double-broker-commission/#comments Sun, 02 Nov 2008 15:23:07 +0000 Properties News http://news.mumbai-properties.com/1086/realtors-double-broker-commission/ Tony Fernandez (name changed), a property broker in Borivali in suburban Mumbai, recounts this story with some sadness. Two years ago, when he was selling a flat to a retired person, there was a delay in payment because of some paperwork. As a result, the buyer had to pay some interest ... http://news.mumbai-properties.com/1086/realtors-double-broker-commission/feed/ http://news.mumbai-properties.com/1085/dhanarak-poised-for-major-role-in-property-development/ http://news.mumbai-properties.com/1085/dhanarak-poised-for-major-role-in-property-development/#comments Sat, 01 Nov 2008 15:15:44 +0000 Properties News http://news.mumbai-properties.com/1085/dhanarak-poised-for-major-role-in-property-development/ Dhanarak Asset Development expects to develop 50 billion baht in public property over the next three to five years, according to managing director Surachai Eamvachirasakul. In the future, we expect to become the largest property developer in the country, Mr Surachai said. With the economy expected to slow sharply due ... http://news.mumbai-properties.com/1085/dhanarak-poised-for-major-role-in-property-development/feed/ http://news.mumbai-properties.com/1084/piramal-sunteck-seeks-staggered-payment-option-for-mumbai-plots/ http://news.mumbai-properties.com/1084/piramal-sunteck-seeks-staggered-payment-option-for-mumbai-plots/#comments Fri, 24 Oct 2008 15:37:39 +0000 Properties News http://news.mumbai-properties.com/1084/piramal-sunteck-seeks-staggered-payment-option-for-mumbai-plots/ Starlight Systems, a unit of Piramal Sunteck Realty, has sought a four-year staggered payment option to pay Rs 496 crore for two plots it won in the financial district of Mumbai in the last financial year. Starlight bagged two residential plots at the Bandra Kurla Complex (BKC) from the Mumbai Metropolitan ... http://news.mumbai-properties.com/1084/piramal-sunteck-seeks-staggered-payment-option-for-mumbai-plots/feed/ http://news.mumbai-properties.com/1083/lenders-push-builders-to-start-selling/ http://news.mumbai-properties.com/1083/lenders-push-builders-to-start-selling/#comments Thu, 23 Oct 2008 14:13:22 +0000 Properties News http://news.mumbai-properties.com/1083/lenders-push-builders-to-start-selling/ Financiers have started talking tough with Indian property firms in trying to salvage the money they had lent. Sell-before-its-too-late is a point that some of the big lenders are driving home, while a few overseas funds which had committed equity investments in tranches have gone into arbitration to wriggle out ... http://news.mumbai-properties.com/1083/lenders-push-builders-to-start-selling/feed/ http://news.mumbai-properties.com/1081/prices-are-realistic-says-housing-body/ http://news.mumbai-properties.com/1081/prices-are-realistic-says-housing-body/#comments Mon, 20 Oct 2008 15:01:07 +0000 Properties News http://news.mumbai-properties.com/1081/prices-are-realistic-says-housing-body/ Three weeks after Deepak Parekh, HDFC chairman, exhorted developers to wake up to the changing property market scenario, the Maharashtra Chamber of Housing and Industry (MCHI) continues to be mulish that the realty prices are at a realistic level and does not warrant correction. Pravin Doshi, MCHI president, told DNA, on ... http://news.mumbai-properties.com/1081/prices-are-realistic-says-housing-body/feed/ http://news.mumbai-properties.com/1082/indian-property-prices-need-to-fall/ http://news.mumbai-properties.com/1082/indian-property-prices-need-to-fall/#comments Sun, 19 Oct 2008 14:52:29 +0000 Properties News http://news.mumbai-properties.com/1082/indian-property-prices-need-to-fall/ International property consultants have called for reduction in residential property prices in Indian, as a consequence of a fall in demand, which is down by up to 40% across some parts of the country during the last three months. Purchaser demand is reported to have fallen on the back of unaffordable ... http://news.mumbai-properties.com/1082/indian-property-prices-need-to-fall/feed/ http://news.mumbai-properties.com/1080/stanc-in-talks-for-mega-office-space/ http://news.mumbai-properties.com/1080/stanc-in-talks-for-mega-office-space/#comments Sat, 18 Oct 2008 15:00:02 +0000 Properties News http://news.mumbai-properties.com/1080/stanc-in-talks-for-mega-office-space/ At a time when the property market faces a slowdown , Standard Chartered Bank is at an advanced stage of negotiations to acquire 1.47 lakh sq ft of office space in an upcoming building called Crescenzo at BKC, it is learnt. Sources say the bank, which has been scouting for ... http://news.mumbai-properties.com/1080/stanc-in-talks-for-mega-office-space/feed/ http://news.mumbai-properties.com/1079/interview-adlabs-exiting-film-production-opts-for-services/ http://news.mumbai-properties.com/1079/interview-adlabs-exiting-film-production-opts-for-services/#comments Fri, 17 Oct 2008 15:24:25 +0000 Properties News http://news.mumbai-properties.com/1079/interview-adlabs-exiting-film-production-opts-for-services/ Adlabs Films Ltd (ADLF.BO: Quote, Profile, Research) is exiting movie production to focus more on post-production services and expand its exhibition business, Anil Arjun, chief executive officer, said on Tuesday. The business of film services is a lot more standard, stable and balanced portfolio rather than banking on two films in ... http://news.mumbai-properties.com/1079/interview-adlabs-exiting-film-production-opts-for-services/feed/ http://news.mumbai-properties.com/1078/sale-of-houses-flat-stamps-officer/ http://news.mumbai-properties.com/1078/sale-of-houses-flat-stamps-officer/#comments Wed, 15 Oct 2008 15:23:05 +0000 Properties News http://news.mumbai-properties.com/1078/sale-of-houses-flat-stamps-officer/ The stagnant property market in Mumbai is likely to witness further decline, going by the sale of flats that have been registered of late. The registration of flats has already decreased due to the high loan interest rates and lesser liquidity in the market. The inspector-general of stamps R N ... http://news.mumbai-properties.com/1078/sale-of-houses-flat-stamps-officer/feed/ http://news.mumbai-properties.com/1077/testing-times-ahead-for-mumbai-realtors/ http://news.mumbai-properties.com/1077/testing-times-ahead-for-mumbai-realtors/#comments Tue, 14 Oct 2008 14:54:52 +0000 News http://news.mumbai-properties.com/1077/testing-times-ahead-for-mumbai-realtors/ If the lower-than-expected bookings at a property exhibition in the city are any indication, the real estate developers here could be heading for a tougher time. The four-day property exhibition, which concluded on Sunday, saw prospective home buyers returning disappointed as they found the property prices unaffordable and discounts meaningless. The sales ... http://news.mumbai-properties.com/1077/testing-times-ahead-for-mumbai-realtors/feed/ http://news.mumbai-properties.com/1076/builders-tread-cautiously-on-realty-street/ http://news.mumbai-properties.com/1076/builders-tread-cautiously-on-realty-street/#comments Mon, 13 Oct 2008 14:49:02 +0000 Properties News http://news.mumbai-properties.com/1076/builders-tread-cautiously-on-realty-street/ Some of the tastefully done-up stalls at the property exhibition at the Bandra-Kurla Complex (BKC) are as large as one-bedroom apartments. Smart marketing girls move around with glazed brochures, pitching upcoming residential projects to prospective home buyers. In the adjoining seminar hall, there is much bonhomie among the assembled builders, ... http://news.mumbai-properties.com/1076/builders-tread-cautiously-on-realty-street/feed/ http://news.mumbai-properties.com/1075/property-expo-gets-lukewarm-response-from-prospective-buyers/ http://news.mumbai-properties.com/1075/property-expo-gets-lukewarm-response-from-prospective-buyers/#comments Sat, 11 Oct 2008 10:19:23 +0000 Properties News http://news.mumbai-properties.com/1075/property-expo-gets-lukewarm-response-from-prospective-buyers/ Home buyers refuse to bite the bait despite developers offering a host of sops at the Maharashtra Chamber of Housing Industrys four-day property exhibition that began on Thursday. Superficial discounts like stamp duty waivers, free car parks, no charge for floor rise and special offers on the equated monthly installments ... http://news.mumbai-properties.com/1075/property-expo-gets-lukewarm-response-from-prospective-buyers/feed/ http://news.mumbai-properties.com/1074/property-exhibition-2008-a-reality-check-for-realtors/ http://news.mumbai-properties.com/1074/property-exhibition-2008-a-reality-check-for-realtors/#comments Fri, 10 Oct 2008 14:59:34 +0000 Properties News http://news.mumbai-properties.com/1074/property-exhibition-2008-a-reality-check-for-realtors/ Property Exhibition 2008, a bi-annual event beginning from tomorrow, will be a testing stone for the efficacy of developers as property transactions across the country have dried up on account of high interest rates and a sharp escalation in prices. The exhibition will be held from October 9 to 12 at ... http://news.mumbai-properties.com/1074/property-exhibition-2008-a-reality-check-for-realtors/feed/ http://news.mumbai-properties.com/1073/boon-for-builders/ http://news.mumbai-properties.com/1073/boon-for-builders/#comments Wed, 08 Oct 2008 15:38:54 +0000 Properties News http://news.mumbai-properties.com/1073/boon-for-builders/ FOUR months ago, Hindi film actor Vinod Khanna bought a 2,500-square-foot (1 sq ft is 0.09 sq metre) apartment in Mumbais Malabar Hill for Rs.30 crore. Khanna set a record of sorts in the city, whose real estate market had yet to recover from the Rs.34-crore sale of an apartment ... http://news.mumbai-properties.com/1073/boon-for-builders/feed/ http://news.mumbai-properties.com/1072/realty-investors-take-equity-route-to-offset-tax-burden/ http://news.mumbai-properties.com/1072/realty-investors-take-equity-route-to-offset-tax-burden/#comments Wed, 01 Oct 2008 15:31:06 +0000 Properties News http://news.mumbai-properties.com/1072/realty-investors-take-equity-route-to-offset-tax-burden/ Though the realty sector has been hit by the general economic slowdown, smart property investors, who raked in the moolah when the going was good, made use of the equity markets to reduce the tax they paid on those gains. According to tax consultants, people whose income is derived from ... http://news.mumbai-properties.com/1072/realty-investors-take-equity-route-to-offset-tax-burden/feed/ http://news.mumbai-properties.com/1071/amid-grim-outlook-realtors-plan-raft-of-launches-during-diwali/ http://news.mumbai-properties.com/1071/amid-grim-outlook-realtors-plan-raft-of-launches-during-diwali/#comments Tue, 30 Sep 2008 13:57:26 +0000 Properties News http://news.mumbai-properties.com/1071/amid-grim-outlook-realtors-plan-raft-of-launches-during-diwali/ Beset by falling sales, delivery delays and whittled liquidity this year, realtors are readying to launch a slew of projects in the festive season starting October, hoping that sentiment would turn buoyant and boost demand for homes. Despite low sentiments, we are hoping that people will be in a mood to ... http://news.mumbai-properties.com/1071/amid-grim-outlook-realtors-plan-raft-of-launches-during-diwali/feed/ http://news.mumbai-properties.com/1070/home-rentals-take-sensex-route-in-mumbai/ http://news.mumbai-properties.com/1070/home-rentals-take-sensex-route-in-mumbai/#comments Sun, 28 Sep 2008 14:21:03 +0000 Properties News http://news.mumbai-properties.com/1070/home-rentals-take-sensex-route-in-mumbai/ At Lokhandwala Complex in Andheri (West), owners have not been able to lease out their plush 3-bedroom hall kitchen (BHK) flats for the last four months despite revising the monthly rent downwards to Rs 65,000 from Rs 85,000. At Matunga, a one-BHK flat was recently leased out at Rs 32,000, ... http://news.mumbai-properties.com/1070/home-rentals-take-sensex-route-in-mumbai/feed/ http://news.mumbai-properties.com/1069/mumbai-commercial-property-feels-the-pinch-of-the-us-financial-crisis/ http://news.mumbai-properties.com/1069/mumbai-commercial-property-feels-the-pinch-of-the-us-financial-crisis/#comments Sat, 27 Sep 2008 14:03:18 +0000 Properties News http://news.mumbai-properties.com/1069/mumbai-commercial-property-feels-the-pinch-of-the-us-financial-crisis/ London-based banking major Barclays Bank created history in May when it took space at Cee Jay House, a landmark office complex in Worli, for Rs 725 a square foot (sq ft) per month. The building owned by Civil Aviation Minister Praful Patel is fully occupied with the likes of the ... http://news.mumbai-properties.com/1069/mumbai-commercial-property-feels-the-pinch-of-the-us-financial-crisis/feed/ http://news.mumbai-properties.com/1068/slum-dwellers-stage-protest-for-land-in-mumbai/ http://news.mumbai-properties.com/1068/slum-dwellers-stage-protest-for-land-in-mumbai/#comments Fri, 26 Sep 2008 15:27:44 +0000 Properties News http://news.mumbai-properties.com/1068/slum-dwellers-stage-protest-for-land-in-mumbai/ Residents demanding 400-sq-ft tenements in Dharavi, often described as Asias biggest slum, took to the streets on Tuesday against a decision to restrict their dwellings to a space of 300-sq-ft. The slum is the focus of a looming showdown as municipal authorities and developers seek to raze it to the ground ... http://news.mumbai-properties.com/1068/slum-dwellers-stage-protest-for-land-in-mumbai/feed/ http://news.mumbai-properties.com/1067/real-estate-firms-shun-leasing-prefer-to-sell/ http://news.mumbai-properties.com/1067/real-estate-firms-shun-leasing-prefer-to-sell/#comments Thu, 25 Sep 2008 16:49:29 +0000 Properties News http://news.mumbai-properties.com/1067/real-estate-firms-shun-leasing-prefer-to-sell/ Reputed real estate developers in Mumbai and many parts of the country have started selling their commercial real estate which includes office, retail and hotels, rather than leasing them out. The developers are ready to sell properties at a rate which is seen attractive by the buyers today. The appetite ... http://news.mumbai-properties.com/1067/real-estate-firms-shun-leasing-prefer-to-sell/feed/ http://news.mumbai-properties.com/1066/property-discounts-offered-by-developers-in-india-to-boost-real-estate-market/ http://news.mumbai-properties.com/1066/property-discounts-offered-by-developers-in-india-to-boost-real-estate-market/#comments Tue, 23 Sep 2008 14:58:10 +0000 Properties News http://news.mumbai-properties.com/1066/property-discounts-offered-by-developers-in-india-to-boost-real-estate-market/ Developers in India are starting to offer discounts in a bid to boost a slowing property market. Falling sales over the last 18 months have prompted them to start offering incentives to property investors, especially at the luxury end of the market. The busy home buying season normally starts in October and ... http://news.mumbai-properties.com/1066/property-discounts-offered-by-developers-in-india-to-boost-real-estate-market/feed/ http://news.mumbai-properties.com/1065/polarisation-of-office-markets/ http://news.mumbai-properties.com/1065/polarisation-of-office-markets/#comments Sun, 21 Sep 2008 15:13:21 +0000 Properties News http://news.mumbai-properties.com/1065/polarisation-of-office-markets/ The office property markets have continued to post growth over the past few years. However, the last few quarters have witnessed a polarisation of office markets in terms of growth in demand across the country, according to a recent report by Jones Lang LaSalle Meghraj. The office markets across six ... http://news.mumbai-properties.com/1065/polarisation-of-office-markets/feed/ http://news.mumbai-properties.com/1064/mandarin-oriental-to-open-new-property-in-boston/ http://news.mumbai-properties.com/1064/mandarin-oriental-to-open-new-property-in-boston/#comments Sat, 20 Sep 2008 15:19:53 +0000 News http://news.mumbai-properties.com/1064/mandarin-oriental-to-open-new-property-in-boston/ Mandarin Oriental Hotel Group will open its new property in Boston in October 2008. Mandarin Oriental, Boston will consist of 148 guest rooms, including 12 suites, a 2,600-square-foot Presidential “Dynasty” Suite, a signature restaurant, Asana, a spa, a fitness centre and a 4,200-square-foot ballroom . Asana will serve American and ... http://news.mumbai-properties.com/1064/mandarin-oriental-to-open-new-property-in-boston/feed/ http://news.mumbai-properties.com/1063/first-marks-spencer-reliance-store-to-open-in-jan-2009/ http://news.mumbai-properties.com/1063/first-marks-spencer-reliance-store-to-open-in-jan-2009/#comments Fri, 19 Sep 2008 15:09:38 +0000 Properties News http://news.mumbai-properties.com/1063/first-marks-spencer-reliance-store-to-open-in-jan-2009/ Marks and Spencer Reliance, the joint venture between the Mukesh Ambani-promoted retail chain and the British departmental store major, will roll out its first store here early next year, a top company official said on Thursday. We are opening our first Marks and Spencer Reliance store in Mumbai by January next ... http://news.mumbai-properties.com/1063/first-marks-spencer-reliance-store-to-open-in-jan-2009/feed/ http://news.mumbai-properties.com/1062/200000-applicants-expected-for-600-budget-flats-in-mumbai/ http://news.mumbai-properties.com/1062/200000-applicants-expected-for-600-budget-flats-in-mumbai/#comments Thu, 18 Sep 2008 14:49:01 +0000 Properties News http://news.mumbai-properties.com/1062/200000-applicants-expected-for-600-budget-flats-in-mumbai/ The Maharashtra Housing and Area Development Authority (Mhada) plans to sell 600 so-called budget flats in Mumbai around Diwali and expects at least 200,000 applications for this, an indication of the demand for affordable housing in one of Indias most expensive real estate markets. The flats, which will be 225 sq. ... http://news.mumbai-properties.com/1062/200000-applicants-expected-for-600-budget-flats-in-mumbai/feed/ http://news.mumbai-properties.com/1061/referendum-on-sez-stumps-ril/ http://news.mumbai-properties.com/1061/referendum-on-sez-stumps-ril/#comments Wed, 17 Sep 2008 13:44:30 +0000 Properties News http://news.mumbai-properties.com/1061/referendum-on-sez-stumps-ril/ Reliance Industries, which is developing the countrys largest special economic zone (SEZ) near Navi Mumbai on 10,000 hectares, has been caught on the wrong foot by the state governments decision to carry out a referendum in 22 villages covered under the SEZ. This is for the first time in the ... http://news.mumbai-properties.com/1061/referendum-on-sez-stumps-ril/feed/ http://news.mumbai-properties.com/1060/plan-to-dispose-of-auction-the-last-remaining-vestiges-of-partition-in-city/ http://news.mumbai-properties.com/1060/plan-to-dispose-of-auction-the-last-remaining-vestiges-of-partition-in-city/#comments Tue, 16 Sep 2008 16:26:49 +0000 Properties News http://news.mumbai-properties.com/1060/plan-to-dispose-of-auction-the-last-remaining-vestiges-of-partition-in-city/ At a time when the simmering dispute over Jinnah House in Malabar Hill still awaits the courts verdict, the state government has decided to dispose of six properties that are the remaining vestiges of Partition in Mumbai. The property once belonged to the Currimbhoy Ebrahim family, leading mill-owners of Mumbai ... http://news.mumbai-properties.com/1060/plan-to-dispose-of-auction-the-last-remaining-vestiges-of-partition-in-city/feed/ http://news.mumbai-properties.com/1059/made-in-america-trumped-in-india/ http://news.mumbai-properties.com/1059/made-in-america-trumped-in-india/#comments Sat, 13 Sep 2008 15:13:08 +0000 Properties News http://news.mumbai-properties.com/1059/made-in-america-trumped-in-india/ Its a sweet seduction for prime property, and to stay afloat. US-based billionaire realtor-turned-socialite Donald Trump is wooing potential buyers from India for his 45-storey Trump International building coming up in Manhattan. Trump International CEO Donald Trump rebuilt his fortunes after going bust in the late 1980s recession and accumulating a ... http://news.mumbai-properties.com/1059/made-in-america-trumped-in-india/feed/ http://news.mumbai-properties.com/1058/mumbai-could-soon-become-the-next-shanghai/ http://news.mumbai-properties.com/1058/mumbai-could-soon-become-the-next-shanghai/#comments Fri, 12 Sep 2008 13:25:03 +0000 Properties News http://news.mumbai-properties.com/1058/mumbai-could-soon-become-the-next-shanghai/ The old buildings and chawls in Mumbai may soon give way to skyscraper after a Supreme Court order allowed redevelopment of all cessed buildings in the island city and chawl residents are happy with the order that grants increased floor space index. We will be able to now go in ... http://news.mumbai-properties.com/1058/mumbai-could-soon-become-the-next-shanghai/feed/ http://news.mumbai-properties.com/1057/scs-redevelopment-move-may-change-mumbai-forever/ http://news.mumbai-properties.com/1057/scs-redevelopment-move-may-change-mumbai-forever/#comments Thu, 11 Sep 2008 15:55:13 +0000 Properties News http://news.mumbai-properties.com/1057/scs-redevelopment-move-may-change-mumbai-forever/ The Supreme Court has given the green light for the redevelopment of old residential buildings in Mumbai. The SCs move could change the face of Mumbai. With about 19,000 buildings to be redeveloped and a floor space index or FSI of 2.5 and more, about 200 million square feet of ... http://news.mumbai-properties.com/1057/scs-redevelopment-move-may-change-mumbai-forever/feed/ http://news.mumbai-properties.com/1056/sc-clears-way-for-mumbai-rebuild/ http://news.mumbai-properties.com/1056/sc-clears-way-for-mumbai-rebuild/#comments Wed, 10 Sep 2008 15:52:50 +0000 Properties News http://news.mumbai-properties.com/1056/sc-clears-way-for-mumbai-rebuild/ The Supreme Court on Thursday set aside a November-2006 Bombay High Court directive restricting redevelopment of cessed properties in Mumbai. The SC order will open up 225 acres in the island city and see redevelopment of over 18,000 dilapidated buildings. Real estate prices could drop 30% in some parts of ... http://news.mumbai-properties.com/1056/sc-clears-way-for-mumbai-rebuild/feed/ http://news.mumbai-properties.com/1055/stocks-to-watch-ongc-bhel-bombay-dyeing-austral-coke/ http://news.mumbai-properties.com/1055/stocks-to-watch-ongc-bhel-bombay-dyeing-austral-coke/#comments Tue, 09 Sep 2008 16:49:40 +0000 Properties News http://news.mumbai-properties.com/1055/stocks-to-watch-ongc-bhel-bombay-dyeing-austral-coke/ Equities are likely to open lower on Thursday after global markets fell on renewed economic concerns in the US. Investors fretted about the impact of a global slowdown on corporate bottom lines. Oil prices were a little higher at $109.17 per barrel post a steep fall Tuesday. Rupee was at ... http://news.mumbai-properties.com/1055/stocks-to-watch-ongc-bhel-bombay-dyeing-austral-coke/feed/ http://news.mumbai-properties.com/1054/bom-dyeing-to-rake-in-rs-900-cr/ http://news.mumbai-properties.com/1054/bom-dyeing-to-rake-in-rs-900-cr/#comments Mon, 08 Sep 2008 16:01:07 +0000 News http://news.mumbai-properties.com/1054/bom-dyeing-to-rake-in-rs-900-cr/ Bombay Dyeing and Manufacturing Ltd, is expecting to rake in Rs 900 crore by next year by selling a small part of the 8 lakh square feet commercial property it is developing in Dadar and Worli in central Mumbai, chairman Nusli Wadia said Tuesday. That is a change from the companys ... http://news.mumbai-properties.com/1054/bom-dyeing-to-rake-in-rs-900-cr/feed/ http://news.mumbai-properties.com/1053/bombay-dyeing-to-develop-more-surplus-land-in-city/ http://news.mumbai-properties.com/1053/bombay-dyeing-to-develop-more-surplus-land-in-city/#comments Sat, 06 Sep 2008 16:01:45 +0000 Properties News http://news.mumbai-properties.com/1053/bombay-dyeing-to-develop-more-surplus-land-in-city/ The Rs 1,000-crore textiles-to-real estate major, Bombay Dyeing, will develop eight lakh sq ft of property on its surplus land in Mumbai. The company will construct a high-rise building for commercial and residential use. We will commence construction of a high-rise tower in two months. The entire project will be ... http://news.mumbai-properties.com/1053/bombay-dyeing-to-develop-more-surplus-land-in-city/feed/ http://news.mumbai-properties.com/1052/sneezes-mumbais-realty-sector-gets-feverit-sneezes-mumbais-realty-sector-gets-fever/ http://news.mumbai-properties.com/1052/sneezes-mumbais-realty-sector-gets-feverit-sneezes-mumbais-realty-sector-gets-fever/#comments Thu, 04 Sep 2008 16:18:01 +0000 Properties News http://news.mumbai-properties.com/1052/sneezes-mumbais-realty-sector-gets-feverit-sneezes-mumbais-realty-sector-gets-fever/ IT slowdown shuddered Mumbais sizzling realty market as Maharastras IT parks and buildings are to see an extensive expansion in the area utilization sphere. The government is checking on the introduction of a new regulation, which shall open up 80 percent of the total constructed area to be utilized by ... http://news.mumbai-properties.com/1052/sneezes-mumbais-realty-sector-gets-feverit-sneezes-mumbais-realty-sector-gets-fever/feed/ http://news.mumbai-properties.com/1051/russian-envoy-wonders-how-accused-in-scam-walked-free/ http://news.mumbai-properties.com/1051/russian-envoy-wonders-how-accused-in-scam-walked-free/#comments Wed, 03 Sep 2008 15:52:32 +0000 Properties News http://news.mumbai-properties.com/1051/russian-envoy-wonders-how-accused-in-scam-walked-free/ It was a deal as intriguing than a KGB plot. Russian diplomats discovered in July 2006 that a piece of prime Mumbai property, leased to the Russian embassy by the state government, was sold off to a Dubai-based businessman for $10 million without their knowledge. The plot however thickens further. ... http://news.mumbai-properties.com/1051/russian-envoy-wonders-how-accused-in-scam-walked-free/feed/ http://news.mumbai-properties.com/1050/dina-wadia-doesnt-have-the-moral-right/ http://news.mumbai-properties.com/1050/dina-wadia-doesnt-have-the-moral-right/#comments Tue, 02 Sep 2008 14:52:00 +0000 Properties News http://news.mumbai-properties.com/1050/dina-wadia-doesnt-have-the-moral-right/ The most vivid memory Mohamed Rajabally Ebrahim, 75, has of visiting Jinnah House, is that of his father taking him to meet Mohammad Ali Jinnah at the sprawling Malabar Hill bungalow on Eid. The memory is etched in a grainy, black-and-white photograph that shows a shy Ebrahim standing beside his ... http://news.mumbai-properties.com/1050/dina-wadia-doesnt-have-the-moral-right/feed/ http://news.mumbai-properties.com/1049/essel-finds-govt-offer-to-tata-a-bravado/ http://news.mumbai-properties.com/1049/essel-finds-govt-offer-to-tata-a-bravado/#comments Wed, 27 Aug 2008 14:55:04 +0000 Properties News http://news.mumbai-properties.com/1049/essel-finds-govt-offer-to-tata-a-bravado/ At a time when chief minister of Maharashtra Vilasrao Deshmukh is extending a red carpet to Tata Motors to set up the Nano car plant in Maharashtra, the Mumbai police is accused of turning a blind eye to acts by anti-social elements in stopping a survey work carried out by ... http://news.mumbai-properties.com/1049/essel-finds-govt-offer-to-tata-a-bravado/feed/ http://news.mumbai-properties.com/1048/convert-all-mumbai-bars-into-yoga-centres-baba-ramdev/ http://news.mumbai-properties.com/1048/convert-all-mumbai-bars-into-yoga-centres-baba-ramdev/#comments Mon, 25 Aug 2008 15:59:29 +0000 Properties News http://news.mumbai-properties.com/1048/convert-all-mumbai-bars-into-yoga-centres-baba-ramdev/ All bars here should be converted into yoga centres in order to have a better society and healthy living, said Baba Ramdev Saturday while laying the foundation stone of a yoga centre being built in the place of a nightclub that closed down four years ago.Ramdev, in his short speech, ... http://news.mumbai-properties.com/1048/convert-all-mumbai-bars-into-yoga-centres-baba-ramdev/feed/ http://news.mumbai-properties.com/1047/sole-bidder-gets-bandra-kurla-land-for-mere-rs92-crore/ http://news.mumbai-properties.com/1047/sole-bidder-gets-bandra-kurla-land-for-mere-rs92-crore/#comments Sun, 24 Aug 2008 16:13:21 +0000 Properties News http://news.mumbai-properties.com/1047/sole-bidder-gets-bandra-kurla-land-for-mere-rs92-crore/ In yet another sign that the real estate market has cooled, a land auction at business hub Bandra-Kurla Complex on Thursday fetched Rs1.55 lakh per sq. metre—half the price from the previous auction in March. Ahmedabad-based Talim Research Foundation, a venture of Subhash Chandras Essel Group of Industries, was the ... http://news.mumbai-properties.com/1047/sole-bidder-gets-bandra-kurla-land-for-mere-rs92-crore/feed/ http://news.mumbai-properties.com/1046/modern-to-raise-rs-100cr-from-pe-firms-for-khapoli-sez-project/ http://news.mumbai-properties.com/1046/modern-to-raise-rs-100cr-from-pe-firms-for-khapoli-sez-project/#comments Thu, 21 Aug 2008 15:35:13 +0000 Properties News http://news.mumbai-properties.com/1046/modern-to-raise-rs-100cr-from-pe-firms-for-khapoli-sez-project/ Property developer Modern India today said it is in talks with two-three private equity (PE) firms to raise Rs 100 crore for its proposed Rs 675 crore IT SEZ at Khapoli in Mumbai. We are in discussion with 2-3 PE firms to raise upto Rs 100 ... http://news.mumbai-properties.com/1046/modern-to-raise-rs-100cr-from-pe-firms-for-khapoli-sez-project/feed/ http://news.mumbai-properties.com/1045/east-india-hotels-ltd-plans-hotels-in-bangaluru-and-goa/ http://news.mumbai-properties.com/1045/east-india-hotels-ltd-plans-hotels-in-bangaluru-and-goa/#comments Wed, 20 Aug 2008 15:33:21 +0000 Properties News http://news.mumbai-properties.com/1045/east-india-hotels-ltd-plans-hotels-in-bangaluru-and-goa/ Owner of the Oberoi brand, luxury hotels group East India Hotels Ltd says it will invest Rs650 crore to strengthen its presence in Bangaluru and Goa by adding new hotel as part of its growth plans to add another 10 properties and 2,300 rooms. The group also plans to ... http://news.mumbai-properties.com/1045/east-india-hotels-ltd-plans-hotels-in-bangaluru-and-goa/feed/ http://news.mumbai-properties.com/1044/buy-land-at-a-flourishing-hill-station/ http://news.mumbai-properties.com/1044/buy-land-at-a-flourishing-hill-station/#comments Tue, 19 Aug 2008 15:17:00 +0000 Properties News http://news.mumbai-properties.com/1044/buy-land-at-a-flourishing-hill-station/ Disha Direct announces the launch of Landmarc Hills at Shirol, Kasara. Perched at an altitude of 1000 feet above sea level, Shirol is a flourishing hill station at par with Khandala in beauty. Marked with 3 kms of winding ghats, mountains and valleys, it is an emerging hill station located ... http://news.mumbai-properties.com/1044/buy-land-at-a-flourishing-hill-station/feed/ http://news.mumbai-properties.com/1043/lalu-kin-got-land-in-exchange-for-rly-jobs-as-gifts-jdu-to-pm/ http://news.mumbai-properties.com/1043/lalu-kin-got-land-in-exchange-for-rly-jobs-as-gifts-jdu-to-pm/#comments Mon, 18 Aug 2008 15:53:16 +0000 Properties News http://news.mumbai-properties.com/1043/lalu-kin-got-land-in-exchange-for-rly-jobs-as-gifts-jdu-to-pm/ Waving documents to allege that RJD chief Lalu Prasad Yadav, ever since he became Railways Minister in 2004, and his family have acquired property worth Rs 100 crore in Patna and other towns, the JD(U) today asked Prime Minister Manmohan Singh to remove Lalu Prasad from the Cabinet and order ... http://news.mumbai-properties.com/1043/lalu-kin-got-land-in-exchange-for-rly-jobs-as-gifts-jdu-to-pm/feed/ http://news.mumbai-properties.com/1042/landmark-property-relists-at-rs-9210-on-bse/ http://news.mumbai-properties.com/1042/landmark-property-relists-at-rs-9210-on-bse/#comments Wed, 13 Aug 2008 16:26:07 +0000 Properties News http://news.mumbai-properties.com/1042/landmark-property-relists-at-rs-9210-on-bse/ Realty firm Landmark Property Development Company Ltd today got relisted at Rs 92.10 on the Bombay Stock Exchange, pursuant to the transfer of the real estate unit of OCL India Ltd to the company. The scrip opened at Rs 92.10, which was also its intra-day high. ... http://news.mumbai-properties.com/1042/landmark-property-relists-at-rs-9210-on-bse/feed/ http://news.mumbai-properties.com/1041/matheran-realty-to-sell-residential-units-at-karjat/ http://news.mumbai-properties.com/1041/matheran-realty-to-sell-residential-units-at-karjat/#comments Tue, 12 Aug 2008 15:51:39 +0000 Properties News http://news.mumbai-properties.com/1041/matheran-realty-to-sell-residential-units-at-karjat/ Property developer Matheran Realty on Monday said that it will sell 15,000 residential units in its Karjat project at Rs 999 a square feet. The company is setting up a Rs 900-crore mixed-use project at Karjat on 100 acres of land. The project will have 10-15 per cent reserved for ... http://news.mumbai-properties.com/1041/matheran-realty-to-sell-residential-units-at-karjat/feed/ http://news.mumbai-properties.com/1040/mumbai-properties-go-under-hammer-as-defaults-rise/ http://news.mumbai-properties.com/1040/mumbai-properties-go-under-hammer-as-defaults-rise/#comments Fri, 08 Aug 2008 15:58:12 +0000 Properties News http://news.mumbai-properties.com/1040/mumbai-properties-go-under-hammer-as-defaults-rise/ If you are looking for a house on the outskirts of Mumbai in areas like Nallasopara, Ulhasnagar, Kalyan and Badlapur, there is a strong likelihood that you will find some suitable properties being auctioned by banks and housing finance companies. A quick glance through newspaper advertisements provides many such instances. Housing ... http://news.mumbai-properties.com/1040/mumbai-properties-go-under-hammer-as-defaults-rise/feed/ http://news.mumbai-properties.com/1039/fourth-in-state-on-property-theft-count/ http://news.mumbai-properties.com/1039/fourth-in-state-on-property-theft-count/#comments Thu, 07 Aug 2008 16:08:57 +0000 Properties News http://news.mumbai-properties.com/1039/fourth-in-state-on-property-theft-count/ Pune is fourth in the state in terms of property stolen last year, but overall such thefts have multiplied five times since 2003. With property worth Rs 66.9 crore stolen in 2007, Pune follows (Rs 339.45 crore), Nagpur (Rs 166.44 crore), and Thane (Rs 68.69 crore), according to Crime in ... http://news.mumbai-properties.com/1039/fourth-in-state-on-property-theft-count/feed/ http://news.mumbai-properties.com/1038/rna-to-redevelop-large-chembur-housing-colony/ http://news.mumbai-properties.com/1038/rna-to-redevelop-large-chembur-housing-colony/#comments Wed, 06 Aug 2008 15:52:25 +0000 Properties News http://news.mumbai-properties.com/1038/rna-to-redevelop-large-chembur-housing-colony/ Mumbai-based property developer RNA has bagged a Rs 1,000-crore project to redevelop Subhash Nagar Colony, one of the oldest and biggest settlements in Chembur. The project involves reconstruction of 57 buildings built by the Maharashtra Housing and Development Authority in 1950. The colony is spread over 40 acres and each ... http://news.mumbai-properties.com/1038/rna-to-redevelop-large-chembur-housing-colony/feed/ http://news.mumbai-properties.com/1037/altamount-road-in-mumbai-is-worlds-10th-dearest-address/ http://news.mumbai-properties.com/1037/altamount-road-in-mumbai-is-worlds-10th-dearest-address/#comments Tue, 05 Aug 2008 15:32:43 +0000 Properties News http://news.mumbai-properties.com/1037/altamount-road-in-mumbai-is-worlds-10th-dearest-address/ A quiet 2km-long road in South Mumbai, once dotted with colonial-style bungalows some of which are still standing, is the 10th most expensive street address in the world, according to Wealth-Bulletin, an online finance service that is part of Dow Jones and Co. Inc., now owned by News Corp. News ... http://news.mumbai-properties.com/1037/altamount-road-in-mumbai-is-worlds-10th-dearest-address/feed/ http://news.mumbai-properties.com/1036/hc-grants-relief-to-retailers-on-rent-service-tax/ http://news.mumbai-properties.com/1036/hc-grants-relief-to-retailers-on-rent-service-tax/#comments Sat, 02 Aug 2008 15:51:03 +0000 Properties News http://news.mumbai-properties.com/1036/hc-grants-relief-to-retailers-on-rent-service-tax/ Bringing some cheer to modern retailers in an otherwise troubled market, the Bombay High Court granted interim relief from payment of service tax on the rents of immovable property. Retailers will not have to pay service tax till the final order in this regard is issued by the Supreme Court ... http://news.mumbai-properties.com/1036/hc-grants-relief-to-retailers-on-rent-service-tax/feed/ http://news.mumbai-properties.com/1035/ahmedabad-still-hot-in-cool-realty-market/ http://news.mumbai-properties.com/1035/ahmedabad-still-hot-in-cool-realty-market/#comments Fri, 01 Aug 2008 15:19:47 +0000 Properties News http://news.mumbai-properties.com/1035/ahmedabad-still-hot-in-cool-realty-market/ The realty market has been forced to do a reality check after being hit by inflation and economic slowdown. Metro properties have suffered badly but even small cities havent stayed immune to the headwinds. One mini-metro that has managed to hold its own in these turbulent times is Ahmedabad in ... http://news.mumbai-properties.com/1035/ahmedabad-still-hot-in-cool-realty-market/feed/ http://news.mumbai-properties.com/1034/for-developers-home-buyers-realty-will-bite/ http://news.mumbai-properties.com/1034/for-developers-home-buyers-realty-will-bite/#comments Thu, 31 Jul 2008 15:45:33 +0000 Properties News http://news.mumbai-properties.com/1034/for-developers-home-buyers-realty-will-bite/ With interest rates heading north, the property market, which has been witnessing a correction across all verticals, is likely to see further price declines. The hike in lending rates by banks, which is likely, would affect the bottomline of developers directly and also adversely impact the affordability for the property ... http://news.mumbai-properties.com/1034/for-developers-home-buyers-realty-will-bite/feed/ http://news.mumbai-properties.com/1033/property-firm-returns-deposits-on-units-in-india/ http://news.mumbai-properties.com/1033/property-firm-returns-deposits-on-units-in-india/#comments Wed, 30 Jul 2008 14:28:36 +0000 Properties News http://news.mumbai-properties.com/1033/property-firm-returns-deposits-on-units-in-india/ Overseas property company Larionovo has returned deposits to a number of its clients who bought units in schemes in India. The Sunday Business Post understands that the move was prompted by concerns over the ability of buyers to repatriate funds. Larionovo began marketing units in three schemes in India in the ... http://news.mumbai-properties.com/1033/property-firm-returns-deposits-on-units-in-india/feed/ http://news.mumbai-properties.com/1032/trump-jr-plans-1b-fund-to-invest-in-indian-realty/ http://news.mumbai-properties.com/1032/trump-jr-plans-1b-fund-to-invest-in-indian-realty/#comments Tue, 29 Jul 2008 15:09:04 +0000 News http://news.mumbai-properties.com/1032/trump-jr-plans-1b-fund-to-invest-in-indian-realty/ Donald Trump Jr, whose father built a multibillion dollar fortune in real estate, plans to set up a fund of as much as $1 billion to buy property in India, betting on the nations growing wealth. Trump may create the privately held fund with investors including an Indian family, he ... http://news.mumbai-properties.com/1032/trump-jr-plans-1b-fund-to-invest-in-indian-realty/feed/ http://news.mumbai-properties.com/1031/hdil-targets-10-12-mln-sq-ft-development-in-fy09/ http://news.mumbai-properties.com/1031/hdil-targets-10-12-mln-sq-ft-development-in-fy09/#comments Sat, 26 Jul 2008 16:04:13 +0000 Properties News http://news.mumbai-properties.com/1031/hdil-targets-10-12-mln-sq-ft-development-in-fy09/ Real estate firm Housing Development & Infrastructure Ltd (HDIL.BO: Quote, Profile, Research) has set a strong development target of 10-12 million square feet for 2008/09, despite a slowdown in demand, its chief said on Monday. This will include 4-5 residential or commercial projects and part of the Mumbai airport slum rehabilitation ... http://news.mumbai-properties.com/1031/hdil-targets-10-12-mln-sq-ft-development-in-fy09/feed/ http://news.mumbai-properties.com/1030/mumbai-builders-woo-buyers-with-green-canopy/ http://news.mumbai-properties.com/1030/mumbai-builders-woo-buyers-with-green-canopy/#comments Fri, 25 Jul 2008 14:43:12 +0000 Properties News http://news.mumbai-properties.com/1030/mumbai-builders-woo-buyers-with-green-canopy/ The stock markets have softened. Real-estate demand has weakened and developers are saddled with high inventories. But all this has not dampened the creative ability of Mumbai builders. Just as green buildings are becoming the norm in the land-starved Mumbai metropolis, so is green cover. And, it is here that ... http://news.mumbai-properties.com/1030/mumbai-builders-woo-buyers-with-green-canopy/feed/ http://news.mumbai-properties.com/1029/regulation-to-equalise-property-tax-in-mumbai-soon/ http://news.mumbai-properties.com/1029/regulation-to-equalise-property-tax-in-mumbai-soon/#comments Thu, 24 Jul 2008 14:35:26 +0000 Properties News http://news.mumbai-properties.com/1029/regulation-to-equalise-property-tax-in-mumbai-soon/ The regulation that will change the way, Mumbaikars pay property tax is expected to be tabled before the state legislature in the following week. The new regulation, based on the capital value-based system, is expected to equalise property tax in the city and suburbs. “The sole aim is to reduce ... http://news.mumbai-properties.com/1029/regulation-to-equalise-property-tax-in-mumbai-soon/feed/ http://news.mumbai-properties.com/1028/adlabs-cinemas-to-build-15-screen-multiplex-in-mumbai/ http://news.mumbai-properties.com/1028/adlabs-cinemas-to-build-15-screen-multiplex-in-mumbai/#comments Mon, 21 Jul 2008 15:55:30 +0000 Properties News http://news.mumbai-properties.com/1028/adlabs-cinemas-to-build-15-screen-multiplex-in-mumbai/ Adlabs Cinemas, the movie exhibition arm of Reliance Anil Dhirubhai Ambani Group (R-ADAG), has clinched a deal with a consortium to construct a 15-screen multiplex here, a top company official said on Thursday. The consortium led by Phoenix Mills and Adlabs will construct the multiplex at the Phoenix Market City ... http://news.mumbai-properties.com/1028/adlabs-cinemas-to-build-15-screen-multiplex-in-mumbai/feed/ http://news.mumbai-properties.com/1027/binani-cement-to-foray-into-realty-development/ http://news.mumbai-properties.com/1027/binani-cement-to-foray-into-realty-development/#comments Sat, 19 Jul 2008 16:17:53 +0000 Properties News http://news.mumbai-properties.com/1027/binani-cement-to-foray-into-realty-development/ Binani Cement, the flagship of the Rs 1,700-crore Binani group and a leading cement producer, is expected to enter into realty development in the current fiscal. A source said Binani has proposed to develop 56 acre it owns in Thane into an IT park. The group plans to develop the ... http://news.mumbai-properties.com/1027/binani-cement-to-foray-into-realty-development/feed/ http://news.mumbai-properties.com/1026/mmrda-hopes-to-earn-rs190cr/ http://news.mumbai-properties.com/1026/mmrda-hopes-to-earn-rs190cr/#comments Fri, 18 Jul 2008 15:25:04 +0000 Properties News http://news.mumbai-properties.com/1026/mmrda-hopes-to-earn-rs190cr/ Around four months ago, growing liquidity crisis in the real estate market saw no takers for two of the five residential and commercial plots at the Bandra-Kurla Complex (BKC) put under the hammer by the Mumbai Metropolitan Region Development Authority (MMRDA). But the lack of response hasnt affected the authoritys ... http://news.mumbai-properties.com/1026/mmrda-hopes-to-earn-rs190cr/feed/ http://news.mumbai-properties.com/1025/redevelopment-of-prime-property-in-mumbai/ http://news.mumbai-properties.com/1025/redevelopment-of-prime-property-in-mumbai/#comments Thu, 17 Jul 2008 16:18:26 +0000 Properties News http://news.mumbai-properties.com/1025/redevelopment-of-prime-property-in-mumbai/ Redevelopment of its prime property in Mumbai along with expansion in other businesses make Century Textiles a good investment. The hammering witnessed by the real estate sector in the past few months has also led to correction of stock prices of companies holding vast land parcels, thereby making their ... http://news.mumbai-properties.com/1025/redevelopment-of-prime-property-in-mumbai/feed/ http://news.mumbai-properties.com/1024/despite-the-global-credit-crunch-2007-was-a-record-high-for-global-property-investment/ http://news.mumbai-properties.com/1024/despite-the-global-credit-crunch-2007-was-a-record-high-for-global-property-investment/#comments Wed, 16 Jul 2008 14:56:31 +0000 Properties News http://news.mumbai-properties.com/1024/despite-the-global-credit-crunch-2007-was-a-record-high-for-global-property-investment/ Despite the global credit crunch, 2007 was a record high for global property investment, with cross-border flows rising steeply and more money crossing between the main regions of Europe, Asia and the Americas. And although the credit crunch took its toll in North America and Europe, pushing down global transaction ... http://news.mumbai-properties.com/1024/despite-the-global-credit-crunch-2007-was-a-record-high-for-global-property-investment/feed/ http://news.mumbai-properties.com/1023/dip-in-mumbai-property-market-prompts-developers-to-offer-freebies/ http://news.mumbai-properties.com/1023/dip-in-mumbai-property-market-prompts-developers-to-offer-freebies/#comments Wed, 09 Jul 2008 15:14:18 +0000 News http://news.mumbai-properties.com/1023/dip-in-mumbai-property-market-prompts-developers-to-offer-freebies/ The property market in Mumbai is reporting a dip in house prices and rentals, with those in the suburbs the worst affected. Residential property sales have dipped by almost 70% in Greater Mumbai but prices are still stable, according to the latest analysis from DTZ. But in the suburbs there has ... http://news.mumbai-properties.com/1023/dip-in-mumbai-property-market-prompts-developers-to-offer-freebies/feed/ http://news.mumbai-properties.com/1022/factbox-asian-property-markets-holding-up-despite-credit-woes/ http://news.mumbai-properties.com/1022/factbox-asian-property-markets-holding-up-despite-credit-woes/#comments Mon, 07 Jul 2008 15:13:35 +0000 News http://news.mumbai-properties.com/1022/factbox-asian-property-markets-holding-up-despite-credit-woes/ Since India eased rules on inward investment in the construction industry in early 2005, foreign investors have earmarked an estimated $20 billion for property in the country, sparking a quadrupling in land prices in many areas. But government figures show only about $2 billion has actually been spent in the last ... http://news.mumbai-properties.com/1022/factbox-asian-property-markets-holding-up-despite-credit-woes/feed/ http://news.mumbai-properties.com/1020/best-time-to-buy-property-says-top-builder/ http://news.mumbai-properties.com/1020/best-time-to-buy-property-says-top-builder/#comments Sat, 05 Jul 2008 15:13:32 +0000 Properties News http://news.mumbai-properties.com/1020/best-time-to-buy-property-says-top-builder/ Investing in property, especially a home for living, is the best bet in the prevailing environment of ballooning inflation, a top real estate industry official said. If you want to invest in property, this is the best time. Property prices are reasonable and the chances of an upside in ... http://news.mumbai-properties.com/1020/best-time-to-buy-property-says-top-builder/feed/ http://news.mumbai-properties.com/1021/realty-dreams-of-small-mid-sized-cos-crumble/ http://news.mumbai-properties.com/1021/realty-dreams-of-small-mid-sized-cos-crumble/#comments Sat, 05 Jul 2008 14:36:27 +0000 Properties News http://news.mumbai-properties.com/1021/realty-dreams-of-small-mid-sized-cos-crumble/ Grappling with a slowdown across segments, the Indian property market is heading towards the next phase of consolidation. Liquidity crunch in the real estate market is beginning to drive many mid-sized and small developers to scrounge for cover. Many want to liquidate their land and incomplete projects by selling them ... http://news.mumbai-properties.com/1021/realty-dreams-of-small-mid-sized-cos-crumble/feed/ http://news.mumbai-properties.com/1019/akruti-city-net-up-287-at-rs-29926-crore/ http://news.mumbai-properties.com/1019/akruti-city-net-up-287-at-rs-29926-crore/#comments Fri, 04 Jul 2008 15:13:22 +0000 News http://news.mumbai-properties.com/1019/akruti-city-net-up-287-at-rs-29926-crore/ Akruti City, the Mumbai based real estate development company has posted 287 per cent rise in net profit for the financial year ended March 2008 at Rs 299.26 crore as compared to Rs 77.22 crore posted in the previous financial year (2006-2007). Total income of the company was recorded ... http://news.mumbai-properties.com/1019/akruti-city-net-up-287-at-rs-29926-crore/feed/ http://news.mumbai-properties.com/1018/are-malls-finally-losing-sheen/ http://news.mumbai-properties.com/1018/are-malls-finally-losing-sheen/#comments Thu, 03 Jul 2008 13:13:35 +0000 News http://news.mumbai-properties.com/1018/are-malls-finally-losing-sheen/ Big brands who were anxious to pick up prime mall space till last year now have aggressive expansion plans, but in high street locations. Big retail brands are deserting malls for the high street. Retailers say most mall projects get delayed and with the cash crunch faced by mall developers, ... http://news.mumbai-properties.com/1018/are-malls-finally-losing-sheen/feed/ http://news.mumbai-properties.com/1017/bmc-bid-to-get-its-due-from-builders/ http://news.mumbai-properties.com/1017/bmc-bid-to-get-its-due-from-builders/#comments Wed, 02 Jul 2008 14:25:40 +0000 Properties News http://news.mumbai-properties.com/1017/bmc-bid-to-get-its-due-from-builders/ Fed up with builders who fail to give the BMC a share of every property deal, the civic administration has mooted a proposal to claim built-up area from developers. If passed, this amendment to the Development Control Rules will ensure that the BMC gets built-up area equivalent to the amount ... http://news.mumbai-properties.com/1017/bmc-bid-to-get-its-due-from-builders/feed/ http://news.mumbai-properties.com/1016/parsvnath-others-to-hike-prices/ http://news.mumbai-properties.com/1016/parsvnath-others-to-hike-prices/#comments Tue, 01 Jul 2008 14:25:30 +0000 Properties News http://news.mumbai-properties.com/1016/parsvnath-others-to-hike-prices/ Surprising, it may sound, but property builders are gearing up to raise prices of their existing projects in the months to come. This is in spite of the fact that realty sales are down by over 25 per cent this season. Builders blame the hike on rising input costs of ... http://news.mumbai-properties.com/1016/parsvnath-others-to-hike-prices/feed/ http://news.mumbai-properties.com/1015/marathon-group-to-develop-rs-1800-cr-sez-in-navi-mumbai/ http://news.mumbai-properties.com/1015/marathon-group-to-develop-rs-1800-cr-sez-in-navi-mumbai/#comments Mon, 30 Jun 2008 14:57:19 +0000 Properties News http://news.mumbai-properties.com/1015/marathon-group-to-develop-rs-1800-cr-sez-in-navi-mumbai/ The Mumbai-based Marathon Group will develop a 26-acre Rs 1,800 crore IT/ITES special economic zone on its 100-acre land in Navi Mumbai. The SEZ has been designed to meet the green building ratings (LEED certification) specifications. About 1.3 million sq ft will be built in the first phase, comprising 60 per ... http://news.mumbai-properties.com/1015/marathon-group-to-develop-rs-1800-cr-sez-in-navi-mumbai/feed/ http://news.mumbai-properties.com/1014/britannia-may-dispose-off-bangalore-headquarters/ http://news.mumbai-properties.com/1014/britannia-may-dispose-off-bangalore-headquarters/#comments Sat, 28 Jun 2008 14:33:21 +0000 News http://news.mumbai-properties.com/1014/britannia-may-dispose-off-bangalore-headquarters/ Britannia Industries Ltd., the Nusli Wadia-led biscuit major, is likely to dispose off its much-storied corporate headquarter situated in Bangalore, the Economic Times reported. Sources reported to have said that internal discussions took place in the recent months on this matter and the company even got in touch with some real ... http://news.mumbai-properties.com/1014/britannia-may-dispose-off-bangalore-headquarters/feed/ http://news.mumbai-properties.com/1013/brothers-blood-spilled-for-flats-worth-rs2-crore/ http://news.mumbai-properties.com/1013/brothers-blood-spilled-for-flats-worth-rs2-crore/#comments Fri, 27 Jun 2008 14:41:26 +0000 News http://news.mumbai-properties.com/1013/brothers-blood-spilled-for-flats-worth-rs2-crore/ If you thought bumping off siblings and relatives in the greed for money and power happened only in the underworld, think again. The case of an attack and stabbing of a 45-year-old LIC agent has an uncanny resemblance to the case of Suresh Bhagat, the matka king who was killed ... http://news.mumbai-properties.com/1013/brothers-blood-spilled-for-flats-worth-rs2-crore/feed/ http://news.mumbai-properties.com/1012/no-takers-for-railways-prime-bandra-plot/ http://news.mumbai-properties.com/1012/no-takers-for-railways-prime-bandra-plot/#comments Thu, 26 Jun 2008 14:02:47 +0000 News http://news.mumbai-properties.com/1012/no-takers-for-railways-prime-bandra-plot/ In yet another indication that the real estate business is on the downslide, the Indian Railways has deferred its decision to invite builders to develop commercially a prime 11-acre plot outside Bandra suburban railway station. Sources claimed that there were few takers for the 45,371 sq m plot, mainly because ... http://news.mumbai-properties.com/1012/no-takers-for-railways-prime-bandra-plot/feed/ http://news.mumbai-properties.com/1011/no-property-tax-hike-for-flats-up-to-500-sq-ft-panel/ http://news.mumbai-properties.com/1011/no-property-tax-hike-for-flats-up-to-500-sq-ft-panel/#comments Wed, 25 Jun 2008 14:46:04 +0000 News http://news.mumbai-properties.com/1011/no-property-tax-hike-for-flats-up-to-500-sq-ft-panel/ In a decision that will benefit residents of flats up to 500 square feet in the city, the joint select committee of the state legislature on Tuesday decided to exempt such houses from a hike in property tax when the capital value-based system comes into force in Mumbai. Sources said ... http://news.mumbai-properties.com/1011/no-property-tax-hike-for-flats-up-to-500-sq-ft-panel/feed/ http://news.mumbai-properties.com/1010/experts-peg-jindals-new-buy-at-rs-125-crore/ http://news.mumbai-properties.com/1010/experts-peg-jindals-new-buy-at-rs-125-crore/#comments Tue, 24 Jun 2008 15:10:50 +0000 News http://news.mumbai-properties.com/1010/experts-peg-jindals-new-buy-at-rs-125-crore/ Carmichael Road, the upmarket residential street in south Mumbai, has witnessed one of the largest property deals in recent times. Industrialist Sajjan Jindal recently bought a sprawling bungalow, Morena House, which used to house the Belgian Consulate. According to conservative estimates by real estate industry experts, the Jindals could have paid ... http://news.mumbai-properties.com/1010/experts-peg-jindals-new-buy-at-rs-125-crore/feed/ http://news.mumbai-properties.com/1009/rpt-update-2-unitech-sells-50pct-in-mumbai-project-for-175-mln/ http://news.mumbai-properties.com/1009/rpt-update-2-unitech-sells-50pct-in-mumbai-project-for-175-mln/#comments Mon, 23 Jun 2008 15:53:15 +0000 News http://news.mumbai-properties.com/1009/rpt-update-2-unitech-sells-50pct-in-mumbai-project-for-175-mln/ Real estate developer Unitech Ltd (UNTE.BO: Quote, Profile, Research) said on Monday it will sell 50 percent stake in the first phase of a Mumbai project to Lehman Brothers Real Estate Partners for $175 million (7.5 billion rupees). Unitech, along with a local partner, is developing one million sq ft of ... http://news.mumbai-properties.com/1009/rpt-update-2-unitech-sells-50pct-in-mumbai-project-for-175-mln/feed/ http://news.mumbai-properties.com/1008/john-dragged-in-court-over-property-issue/ http://news.mumbai-properties.com/1008/john-dragged-in-court-over-property-issue/#comments Fri, 20 Jun 2008 16:03:24 +0000 News http://news.mumbai-properties.com/1008/john-dragged-in-court-over-property-issue/ Bollywood Actor John Abrahams legal battle over the ownership of an entire floor in a building at New Prabhadevis Orbit plaza has come to the fore with a glass company claiming before the Bombay High Court that it bought the property before John. John has purchased the 4,500 sq ft ... http://news.mumbai-properties.com/1008/john-dragged-in-court-over-property-issue/feed/ http://news.mumbai-properties.com/1007/property-prices-in-mumbai-to-fall-by-upto-15/ http://news.mumbai-properties.com/1007/property-prices-in-mumbai-to-fall-by-upto-15/#comments Thu, 19 Jun 2008 15:44:01 +0000 News http://news.mumbai-properties.com/1007/property-prices-in-mumbai-to-fall-by-upto-15/ Property prices in Mumbai is likely to fall by 10-15 per cent over the next six to nine months on the back of lacklusture sales. Leading real estate sector players attribute the impending fall to rise in interest rates, escalation of ... http://news.mumbai-properties.com/1007/property-prices-in-mumbai-to-fall-by-upto-15/feed/ http://news.mumbai-properties.com/1006/adag-eyes-subhash-chandras-essel-world/ http://news.mumbai-properties.com/1006/adag-eyes-subhash-chandras-essel-world/#comments Wed, 18 Jun 2008 15:35:06 +0000 News http://news.mumbai-properties.com/1006/adag-eyes-subhash-chandras-essel-world/ In acquisition mode yet again, the Anil Dhirubhai Ambani Group is now eyeing the Subhash Chandra-promoted Essel Groups amusement park in Mumbai—popularly known as Essel World. ADAG insiders told ET that Reliance Entertainment was keen on the property, considering its popularity and location. Essel World is one of the first ... http://news.mumbai-properties.com/1006/adag-eyes-subhash-chandras-essel-world/feed/ http://news.mumbai-properties.com/1005/indiabulls-properties-falls-in-singapore-debut/ http://news.mumbai-properties.com/1005/indiabulls-properties-falls-in-singapore-debut/#comments Fri, 13 Jun 2008 10:48:07 +0000 News http://news.mumbai-properties.com/1005/indiabulls-properties-falls-in-singapore-debut/ Indiabulls Properties Investment Trust, the real estate investment trust (REIT) of Indiabulls Real Estate, had a disappointing debut in Singapore on Wednesday. The property trust declined in its trading debut after the company raised S$353.5bn (US$258mn) in an IPO. The money raised through the Singapore issue was less than the ... http://news.mumbai-properties.com/1005/indiabulls-properties-falls-in-singapore-debut/feed/ http://news.mumbai-properties.com/1004/blackstone-to-make-first-china-property-purchase/ http://news.mumbai-properties.com/1004/blackstone-to-make-first-china-property-purchase/#comments Thu, 12 Jun 2008 16:18:24 +0000 News http://news.mumbai-properties.com/1004/blackstone-to-make-first-china-property-purchase/ The Blackstone Group is about to make its first property purchase in mainland China, acquiring a commercial property in Shanghai for 1.1 billion yuan ($158 million), official Chinese media have reported. The plaza is made up of a six story, 25,312 square meter shopping mall and commercial complex. The purchase, made ... http://news.mumbai-properties.com/1004/blackstone-to-make-first-china-property-purchase/feed/ http://news.mumbai-properties.com/1003/hdfc-fund-picks-up-50-in-acme-project/ http://news.mumbai-properties.com/1003/hdfc-fund-picks-up-50-in-acme-project/#comments Wed, 11 Jun 2008 16:18:12 +0000 News http://news.mumbai-properties.com/1003/hdfc-fund-picks-up-50-in-acme-project/ HDFC Property Funds international wing has picked up a nearly 50 per cent stake in Mumbai-based developer ACME Groups housing project in Thane, on the outskirts of Mumbai. Though the fund has bought the stake in a special purpose vehicle (SPV) to develop an eco- township, the exact financial ... http://news.mumbai-properties.com/1003/hdfc-fund-picks-up-50-in-acme-project/feed/ http://news.mumbai-properties.com/1002/indias-erms-application-for-the-real-estate-industry/ http://news.mumbai-properties.com/1002/indias-erms-application-for-the-real-estate-industry/#comments Tue, 10 Jun 2008 15:37:29 +0000 News http://news.mumbai-properties.com/1002/indias-erms-application-for-the-real-estate-industry/ Bangalore-based In4velocity Systems, Indias leading real estate and property development software firm, announced that Mumbai-based Kanakia Spaces, a renowned name in the real estate industry, has successfully implemented its market leading ERMS application, In4Suite, across its various construction projects over the period of 6 months. The overall deal value is ... http://news.mumbai-properties.com/1002/indias-erms-application-for-the-real-estate-industry/feed/ http://news.mumbai-properties.com/1001/mumbais-office-rents-are-4th-highest-globally/ http://news.mumbai-properties.com/1001/mumbais-office-rents-are-4th-highest-globally/#comments Mon, 09 Jun 2008 15:48:16 +0000 Properties News http://news.mumbai-properties.com/1001/mumbais-office-rents-are-4th-highest-globally/ Amid a wobbly domestic realty market, office rents in Mumbai are the fourth most expensive in the world. According to a research by real estate consultant Knight Frank, the commercial capital of India beats New York, Paris, Hong Kong, Shanghai and other global commercial hubs to the position in 2007 ... http://news.mumbai-properties.com/1001/mumbais-office-rents-are-4th-highest-globally/feed/ http://news.mumbai-properties.com/1000/indiabulls-real-estate-gains-before-singapore-sale/ http://news.mumbai-properties.com/1000/indiabulls-real-estate-gains-before-singapore-sale/#comments Sat, 07 Jun 2008 15:00:14 +0000 Properties News http://news.mumbai-properties.com/1000/indiabulls-real-estate-gains-before-singapore-sale/ Indias fourth-biggest developer, rose the most in seven weeks in Mumbai trading after investors bid for all the shares offered in a delayed sale by its property trust in Singapore. The shares climbed 5.1 percent, the most since April 17, to 425 rupees at 2:16 p.m. local time. The stock ... http://news.mumbai-properties.com/1000/indiabulls-real-estate-gains-before-singapore-sale/feed/ http://news.mumbai-properties.com/999/sp-launches-asia-property-40-index/ http://news.mumbai-properties.com/999/sp-launches-asia-property-40-index/#comments Wed, 04 Jun 2008 15:20:08 +0000 Properties News http://news.mumbai-properties.com/999/sp-launches-asia-property-40-index/ Standard & Poor's on Monday launched the S&P Asia Property 40 Index, which will provide liquid exposure to leading publicly-listed companies in the Asian property and real estate markets. S&P Asia Property 40 Index comprises of 40 leading listed Asian property companies that meet size, liquidity and local listing requirements, ... http://news.mumbai-properties.com/999/sp-launches-asia-property-40-index/feed/