http://news.mumbai-properties.com Properties in Mumbai Copyright 2010 Thu, 25 Feb 2010 16:05:10 +0000 http://wordpress.org/?v=1.2.2 http://news.mumbai-properties.com/28850/mumbais-highest-home-on-125th-floor/ http://news.mumbai-properties.com/28850/mumbais-highest-home-on-125th-floor/#comments Thu, 25 Feb 2010 16:05:10 +0000 Properties News http://news.mumbai-properties.com/28850/mumbais-highest-home-on-125th-floor/ In what seems like a sign of recovery in the real estate industry, a consortium of three leading developers has proposed what may be the city’s tallest residential building, 486 metres high and having about 125 floors, on Keshavrao Khade Marg near the Mahalaxmi Race Course. Still at an initial ... http://news.mumbai-properties.com/28850/mumbais-highest-home-on-125th-floor/feed/ http://news.mumbai-properties.com/28849/mumbais-new-age-builders-want-a-room-at-the-top/ http://news.mumbai-properties.com/28849/mumbais-new-age-builders-want-a-room-at-the-top/#comments Wed, 24 Feb 2010 14:23:48 +0000 Properties News http://news.mumbai-properties.com/28849/mumbais-new-age-builders-want-a-room-at-the-top/ Tucked away deep inside Bandra-Kurla Complex (BKC), Mumbais newest business district, and overlooking the dirty waters of Mithi River, doesnt really sound like a posh address. But that has not stopped the Maximum CitySignature Island’s well-heeled from shelling out Rs 25 crore or more for an apartment double the ... http://news.mumbai-properties.com/28849/mumbais-new-age-builders-want-a-room-at-the-top/feed/ http://news.mumbai-properties.com/28848/golden-tobacco-hits-upper-circuit-on-property-plans/ http://news.mumbai-properties.com/28848/golden-tobacco-hits-upper-circuit-on-property-plans/#comments Tue, 23 Feb 2010 14:24:08 +0000 News http://news.mumbai-properties.com/28848/golden-tobacco-hits-upper-circuit-on-property-plans/ Golden Tobacco has frozen at the upper circuit of 5%, at Rs 135, in an otherwise weak market after announcing that the board will meet on February 16 to consider the development of its properties. The stock opened at the circuit limit of Rs 135 itself and 41,000 equity shares have ... http://news.mumbai-properties.com/28848/golden-tobacco-hits-upper-circuit-on-property-plans/feed/ http://news.mumbai-properties.com/28847/a-ll-investment-can-get-your-house-better-value/ http://news.mumbai-properties.com/28847/a-ll-investment-can-get-your-house-better-value/#comments Mon, 22 Feb 2010 14:43:51 +0000 Properties News http://news.mumbai-properties.com/28847/a-ll-investment-can-get-your-house-better-value/ Have you ever wondered why there is a large variation in prices between two houses? Why an apartment is often considered a cut above the rest and also commands better value and rental returns? The location of your home and other factors like the floor that you are in are ... http://news.mumbai-properties.com/28847/a-ll-investment-can-get-your-house-better-value/feed/ http://news.mumbai-properties.com/28846/mumbai-beats-all-in-realty-price-rise/ http://news.mumbai-properties.com/28846/mumbai-beats-all-in-realty-price-rise/#comments Sat, 20 Feb 2010 16:37:28 +0000 Properties News http://news.mumbai-properties.com/28846/mumbai-beats-all-in-realty-price-rise/ Property-seekers might think Delhi-NCR has the maximum appreciation potential within a year's time. However, according to the latest property index released by real estate portal Makaan.com, it's the Mumbai real estate market which beat all Indian cities in terms of price escalation over a period of 12 months. Mumbai has bucked ... http://news.mumbai-properties.com/28846/mumbai-beats-all-in-realty-price-rise/feed/ http://news.mumbai-properties.com/28845/db-realty-ipo-priced-at-low-end-of-range/ http://news.mumbai-properties.com/28845/db-realty-ipo-priced-at-low-end-of-range/#comments Wed, 17 Feb 2010 14:35:04 +0000 Properties News http://news.mumbai-properties.com/28845/db-realty-ipo-priced-at-low-end-of-range/ DB Realty said on Thursday it will issue shares at the lower end of the Rs 468-to-486 rupee (USD 10.11-USD 10.50) price band for its USD 325 million initial public offer. The offer, which closed on Tuesday, was covered nearly 3 times, with strong demand from institutions compensating for a lack ... http://news.mumbai-properties.com/28845/db-realty-ipo-priced-at-low-end-of-range/feed/ http://news.mumbai-properties.com/28843/db-realty-325-mn-ipo-subscribed-3-times/ http://news.mumbai-properties.com/28843/db-realty-325-mn-ipo-subscribed-3-times/#comments Mon, 15 Feb 2010 15:03:40 +0000 News http://news.mumbai-properties.com/28843/db-realty-325-mn-ipo-subscribed-3-times/ Developer DB Realty Ltd's $325 million initial public offer was covered nearly 3 times by its close on Tuesday, with strong demand from institutions compensating for a lack of interest from retail investors. The IPO was subscribed 2.95 times the shares on offer by 530 p.m. (1200 GMT), National Stock ... http://news.mumbai-properties.com/28843/db-realty-325-mn-ipo-subscribed-3-times/feed/ http://news.mumbai-properties.com/28844/bharat-diamond-bourse-kick-off-faces-uncertainty/ http://news.mumbai-properties.com/28844/bharat-diamond-bourse-kick-off-faces-uncertainty/#comments Mon, 15 Feb 2010 14:51:49 +0000 Properties News http://news.mumbai-properties.com/28844/bharat-diamond-bourse-kick-off-faces-uncertainty/ There is still some uncertainty if the nearly two-decade dream of shifting the diamond market from south Mumbai’s Panchratna to a new trading hub with single-window facilities to central Mumbai’s Bandra-Kurla Complex will take off this year or not. A Bharat Diamond Bourse was planned as a new-age complex with all ... http://news.mumbai-properties.com/28844/bharat-diamond-bourse-kick-off-faces-uncertainty/feed/ http://news.mumbai-properties.com/28842/real-estate-firm-joins-hands-with-builder-for-redevelopment/ http://news.mumbai-properties.com/28842/real-estate-firm-joins-hands-with-builder-for-redevelopment/#comments Sun, 14 Feb 2010 15:02:36 +0000 Properties News http://news.mumbai-properties.com/28842/real-estate-firm-joins-hands-with-builder-for-redevelopment/ Builder R C Chaturvedi of the Shreepati Group, booked in a false case by the police in the past, has tied up with D B Realty in a joint venture to redevelop the 30-acre Abhyudaya Nagar at Kalachowkie. The property belongs to Mhada and comprises 48 buildings and 4,700 tenants. ... http://news.mumbai-properties.com/28842/real-estate-firm-joins-hands-with-builder-for-redevelopment/feed/ http://news.mumbai-properties.com/28841/db-realty-gets-full-bids-for-usd-325-mn-ipo/ http://news.mumbai-properties.com/28841/db-realty-gets-full-bids-for-usd-325-mn-ipo/#comments Sat, 13 Feb 2010 15:09:24 +0000 Properties News http://news.mumbai-properties.com/28841/db-realty-gets-full-bids-for-usd-325-mn-ipo/ Indian developer DB Realty's USD 325 million initial public offering (IPO) was oversubscribed on Monday, the second day of the sale, indicating a revival in investor demand for real estate stocks. The property firm is developing 19.5 million sq ft of projects, mostly in Mumbai, the country's financial capital. It has ... http://news.mumbai-properties.com/28841/db-realty-gets-full-bids-for-usd-325-mn-ipo/feed/ http://news.mumbai-properties.com/28840/bmcs-new-property-tax-norms-to-make-living-in-mumbai-costlier/ http://news.mumbai-properties.com/28840/bmcs-new-property-tax-norms-to-make-living-in-mumbai-costlier/#comments Fri, 12 Feb 2010 15:11:18 +0000 News http://news.mumbai-properties.com/28840/bmcs-new-property-tax-norms-to-make-living-in-mumbai-costlier/ Living in the cityas compared to the suburbs is all set to get more costlier from October with the Municipal Corporation of Greater Mumbai's (MCGM) passing the new property tax norms. The new tax structure is likely to be followed by October. Those living in the island will have to ... http://news.mumbai-properties.com/28840/bmcs-new-property-tax-norms-to-make-living-in-mumbai-costlier/feed/ http://news.mumbai-properties.com/28839/dior-set-to-open-outlet-in-mumbai/ http://news.mumbai-properties.com/28839/dior-set-to-open-outlet-in-mumbai/#comments Thu, 11 Feb 2010 16:39:48 +0000 News http://news.mumbai-properties.com/28839/dior-set-to-open-outlet-in-mumbai/ Christian Dior, one of the largest fashion houses in the world is preparing to set up its third store in India and first in Mumbai at the Taj Mahal Palace & Towers, soon. The fashion house already has two outlets in Delhi. In the year 2006, it had opened its ... http://news.mumbai-properties.com/28839/dior-set-to-open-outlet-in-mumbai/feed/ http://news.mumbai-properties.com/28838/sobha-developers-exiting-land-parcels/ http://news.mumbai-properties.com/28838/sobha-developers-exiting-land-parcels/#comments Sun, 07 Feb 2010 15:26:07 +0000 Properties News http://news.mumbai-properties.com/28838/sobha-developers-exiting-land-parcels/ Sobha Developers Ltd has disposed of land to raise funds for its operations and deleverage its balance sheet. In the third quarter of the current fiscal, the Bangalore-based property developer was able to sell 8 acres of its land parcel in Bangalore to raise Rs 54 crore in the December ... http://news.mumbai-properties.com/28838/sobha-developers-exiting-land-parcels/feed/ http://news.mumbai-properties.com/28837/another-church-property-sold-at-throwaway-price/ http://news.mumbai-properties.com/28837/another-church-property-sold-at-throwaway-price/#comments Fri, 05 Feb 2010 15:53:14 +0000 News http://news.mumbai-properties.com/28837/another-church-property-sold-at-throwaway-price/ In yet another case of illegal sale of Anglican Church properties, the Bombay Diocesan Trust Association (BDTA) Private Limited has given away a prime piece of property worth over Rs20 crore for Rs7 lakh. The sale was sealed by trust secretary PB Amolik with a rider that the deal was subject ... http://news.mumbai-properties.com/28837/another-church-property-sold-at-throwaway-price/feed/ http://news.mumbai-properties.com/28836/bombay-high-court-stays-rebuilding-of-banganga-buildings/ http://news.mumbai-properties.com/28836/bombay-high-court-stays-rebuilding-of-banganga-buildings/#comments Thu, 04 Feb 2010 15:04:06 +0000 News http://news.mumbai-properties.com/28836/bombay-high-court-stays-rebuilding-of-banganga-buildings/ The Bombay high court on Monday stayed the redevelopment of a 220-year-old structure near Banganga lake at Walkeshwar in South Mumbai. Admitting an appeal filed by the official trustee, who is one of the trustees of the property that includes a Venkatesh Balaji Temple, a division bench of justice FI ... http://news.mumbai-properties.com/28836/bombay-high-court-stays-rebuilding-of-banganga-buildings/feed/ http://news.mumbai-properties.com/28835/wockhardt-sells-18-acres-in-city-to-runwal-for-rs-200-cr/ http://news.mumbai-properties.com/28835/wockhardt-sells-18-acres-in-city-to-runwal-for-rs-200-cr/#comments Tue, 02 Feb 2010 15:43:03 +0000 Properties News http://news.mumbai-properties.com/28835/wockhardt-sells-18-acres-in-city-to-runwal-for-rs-200-cr/ The Khorakiwala family, promoters of the troubled pharma company Wockhardt, has sold nearly 18 acre of land at Mulund for Rs 200 crore to a city-based developer, Runwal Group, and a real estate fund. The land is owned by Merind, the Vitamin B12 maker, which the Khorakiwalas bought from the ... http://news.mumbai-properties.com/28835/wockhardt-sells-18-acres-in-city-to-runwal-for-rs-200-cr/feed/ http://news.mumbai-properties.com/28834/upscale-pali-hill-grows-taller/ http://news.mumbai-properties.com/28834/upscale-pali-hill-grows-taller/#comments Fri, 29 Jan 2010 13:52:37 +0000 Properties News http://news.mumbai-properties.com/28834/upscale-pali-hill-grows-taller/ Bandra’s Pali Hill, home to the rich and famous as well as some of the city’s oldest business families, is set for a sweeping change in its landscape. The sylvan two-km stretch, often compared to LA’s Beverly Hills, will soon sprout skyscrapers of 15-20 storeys, dwarfing the few remaining ... http://news.mumbai-properties.com/28834/upscale-pali-hill-grows-taller/feed/ http://news.mumbai-properties.com/28833/waqf-board-reclaims-120-acres-from-tycoon/ http://news.mumbai-properties.com/28833/waqf-board-reclaims-120-acres-from-tycoon/#comments Wed, 27 Jan 2010 15:48:56 +0000 Properties News http://news.mumbai-properties.com/28833/waqf-board-reclaims-120-acres-from-tycoon/ The Maharashtra minorities ministry has reclaimed 120 acres of waqf land in Junnar, near Nashik, from the Chougules of the Chateau Indage group. According to minorities minister Mohammed Arif Naseem Khan, the land was illegally held by the Chougules for over a decade. This 120 acres originally belonged to the Waqf ... http://news.mumbai-properties.com/28833/waqf-board-reclaims-120-acres-from-tycoon/feed/ http://news.mumbai-properties.com/28832/home-prices-almost-back-to-2007-08-levels/ http://news.mumbai-properties.com/28832/home-prices-almost-back-to-2007-08-levels/#comments Tue, 26 Jan 2010 16:38:39 +0000 Properties News http://news.mumbai-properties.com/28832/home-prices-almost-back-to-2007-08-levels/ Developers say the rise reflects a rebound in demand and isn’t irrational Apartment prices at Planet Godrej, a premium residential property developed by Godrej Properties in the tony Mahalaxmi area of Mumbai, had come down to as low as Rs 17,000 to Rs 18,000 a sq ft in the property ... http://news.mumbai-properties.com/28832/home-prices-almost-back-to-2007-08-levels/feed/ http://news.mumbai-properties.com/28831/realty-builds-on-revival-brick-by-brick/ http://news.mumbai-properties.com/28831/realty-builds-on-revival-brick-by-brick/#comments Mon, 25 Jan 2010 16:25:36 +0000 Properties News http://news.mumbai-properties.com/28831/realty-builds-on-revival-brick-by-brick/ The realty sector, which was hit by the slowdown in purchases, could well be at the cusp of a revival, highlight December 2009 earnings. Industry analysts reckon that signs of revival in property volumes are evident. The harbinger could well be price rises in certain locations in Mumbai, where developers ... http://news.mumbai-properties.com/28831/realty-builds-on-revival-brick-by-brick/feed/ http://news.mumbai-properties.com/28830/wadhwa-group-buys-mumbai-suburb-plot-for-rs-571-crore/ http://news.mumbai-properties.com/28830/wadhwa-group-buys-mumbai-suburb-plot-for-rs-571-crore/#comments Sun, 24 Jan 2010 16:14:58 +0000 Properties News http://news.mumbai-properties.com/28830/wadhwa-group-buys-mumbai-suburb-plot-for-rs-571-crore/ In one of the biggest land deals in the country in the past one year, the Mumbai-based Wadhwa Group today said it had bought 18.18 acres in Mumbais Ghatkopar suburb for Rs 571 crore from Hindustan Composites Ltd. The deal works out to Rs 7,210.31 a sq ft (1 acre ... http://news.mumbai-properties.com/28830/wadhwa-group-buys-mumbai-suburb-plot-for-rs-571-crore/feed/ http://news.mumbai-properties.com/28829/ntc-resurrects-3-mumbai-mills/ http://news.mumbai-properties.com/28829/ntc-resurrects-3-mumbai-mills/#comments Fri, 22 Jan 2010 16:33:59 +0000 Properties News http://news.mumbai-properties.com/28829/ntc-resurrects-3-mumbai-mills/ Has invested Rs 150 cr to modernise these mills, employing 2,500 workers. Even as private textile mill owners here shift from producing cloth to developing real estate, government-owned National Textile Corporation (NTC) has pumped in Rs 150 crore to modernise three mills in the city, to be inaugurated on Tuesday. The ... http://news.mumbai-properties.com/28829/ntc-resurrects-3-mumbai-mills/feed/ http://news.mumbai-properties.com/28828/residential-property-to-play-a-major-role-in-revival-of-real-estate-sector/ http://news.mumbai-properties.com/28828/residential-property-to-play-a-major-role-in-revival-of-real-estate-sector/#comments Thu, 21 Jan 2010 15:49:24 +0000 Properties News http://news.mumbai-properties.com/28828/residential-property-to-play-a-major-role-in-revival-of-real-estate-sector/ As the year 2010 begins , it is heartening to note that homebuyers are taking Plan for a low budget house the lead in reviving the realty market. Looking forward, it is almost certain that the residential sector will continue to play a major role in shaping future growth in ... http://news.mumbai-properties.com/28828/residential-property-to-play-a-major-role-in-revival-of-real-estate-sector/feed/ http://news.mumbai-properties.com/28827/prime-suspect-pb-amolik-held-in-church-land-scam/ http://news.mumbai-properties.com/28827/prime-suspect-pb-amolik-held-in-church-land-scam/#comments Tue, 19 Jan 2010 14:02:39 +0000 News http://news.mumbai-properties.com/28827/prime-suspect-pb-amolik-held-in-church-land-scam/ The law has finally caught up with PB Amolik, secretary of the Bombay Diocesan Trust Association (BDTA), who was arrested on Thursday for misappropriating trust funds, first reported by DNA in its May 15 issue. A metropolitan court remanded him in police custody till January 17. The BDTA, incorporated in ... http://news.mumbai-properties.com/28827/prime-suspect-pb-amolik-held-in-church-land-scam/feed/ http://news.mumbai-properties.com/28826/smg-eyes-rs-750-crore-pe-funding/ http://news.mumbai-properties.com/28826/smg-eyes-rs-750-crore-pe-funding/#comments Mon, 18 Jan 2010 14:51:33 +0000 Properties News http://news.mumbai-properties.com/28826/smg-eyes-rs-750-crore-pe-funding/ The Sunil Mantri Group (SMG) is looking to raise Rs 750 crore through private equity players to fund its existing projects and fuel expansion plans. The Mumbai-based realty developer is open to diluting its holding by 30% at the project level to raise cash. Sunil Mantri, chairman of the Sunil ... http://news.mumbai-properties.com/28826/smg-eyes-rs-750-crore-pe-funding/feed/ http://news.mumbai-properties.com/28825/cities-see-boom-in-sales-of-luxurious-housing/ http://news.mumbai-properties.com/28825/cities-see-boom-in-sales-of-luxurious-housing/#comments Sun, 17 Jan 2010 14:51:25 +0000 Properties News http://news.mumbai-properties.com/28825/cities-see-boom-in-sales-of-luxurious-housing/ The countrys largest real estate developer, DLF, sold apartments worth Rs 1,000 crore in December. This is the highest monthly sale the company has recorded in its history. There are many developers like DLF who have seen a surge in the sale of apartments across the country in the quarter ended ... http://news.mumbai-properties.com/28825/cities-see-boom-in-sales-of-luxurious-housing/feed/ http://news.mumbai-properties.com/28824/navi-mumbai-expo-sells-5000-flats-in-three-days/ http://news.mumbai-properties.com/28824/navi-mumbai-expo-sells-5000-flats-in-three-days/#comments Sat, 16 Jan 2010 14:55:06 +0000 News http://news.mumbai-properties.com/28824/navi-mumbai-expo-sells-5000-flats-in-three-days/ A property exhibition at Navi Mumbai not only drew in huge crowds but also did big business—about 5,000 flats were sold in three days. Initially, most Navi Mumbai builders were reluctant to participate in the three-day exhibition because of the recession. By Monday, they were buoyed by the unexpected response. ... http://news.mumbai-properties.com/28824/navi-mumbai-expo-sells-5000-flats-in-three-days/feed/ http://news.mumbai-properties.com/28823/builder-sold-six-flats-to-balaji-grp-of-koda-fame/ http://news.mumbai-properties.com/28823/builder-sold-six-flats-to-balaji-grp-of-koda-fame/#comments Fri, 15 Jan 2010 14:23:37 +0000 Properties News http://news.mumbai-properties.com/28823/builder-sold-six-flats-to-balaji-grp-of-koda-fame/ The state Criminal Investigations Department (CID), which is probing a cheating and forgery case involving has stumbled upon some incriminating documents linking Shah to Balaji Group. Balaji Group is currently under the scanner of the Enforcement Directorate (ED) for allegedly transferring former Jharkhand chief minister Madhu Koda's allegedly ill-gotten wealth ... http://news.mumbai-properties.com/28823/builder-sold-six-flats-to-balaji-grp-of-koda-fame/feed/ http://news.mumbai-properties.com/28822/builder-made-to-pay-rs-25l-for-selling-illegal-property/ http://news.mumbai-properties.com/28822/builder-made-to-pay-rs-25l-for-selling-illegal-property/#comments Thu, 14 Jan 2010 15:08:34 +0000 Properties News http://news.mumbai-properties.com/28822/builder-made-to-pay-rs-25l-for-selling-illegal-property/ The State Consumer Disputes Redressal Commission has ordered a builder to refund the money he collected from four people, along with an annual interest of 18%, after the shops he sold to them were demolished for being illegal. The total compensation amount adds up to Rs 25 lakh. In 2003, ... http://news.mumbai-properties.com/28822/builder-made-to-pay-rs-25l-for-selling-illegal-property/feed/ http://news.mumbai-properties.com/28821/kotak-realty-fund-to-invest-rs270-crore-in-several-projects/ http://news.mumbai-properties.com/28821/kotak-realty-fund-to-invest-rs270-crore-in-several-projects/#comments Wed, 13 Jan 2010 13:58:06 +0000 News http://news.mumbai-properties.com/28821/kotak-realty-fund-to-invest-rs270-crore-in-several-projects/ Kotak Realty Fund, an $800 million (Rs3,672 crore) real estate private equity (PE) fund from Kotak Mahindra Group, will invest Rs270 crore to acquire stakes in a Mumbai-based realty firm and a slum rehabilitation project and a Bangalore-based developer, chief executive S. Sriniwasan said. The fund will spend Rs100 crore to ... http://news.mumbai-properties.com/28821/kotak-realty-fund-to-invest-rs270-crore-in-several-projects/feed/ http://news.mumbai-properties.com/28820/vtu-mechanical-syllabus/ http://news.mumbai-properties.com/28820/vtu-mechanical-syllabus/#comments Tue, 12 Jan 2010 15:51:06 +0000 News http://news.mumbai-properties.com/28820/vtu-mechanical-syllabus/ With demand for residential apartments in metros rising 40-50% since the second quarter of the current financial year, top builders are gearing up to build a substantial number of apartments in the next 12 to 18 months. During the recessionary period of the second half of 2008-09, the supply of ... http://news.mumbai-properties.com/28820/vtu-mechanical-syllabus/feed/ http://news.mumbai-properties.com/28819/nri-woman-loses-crores-by-trusting-her-cousin-in-mumbai/ http://news.mumbai-properties.com/28819/nri-woman-loses-crores-by-trusting-her-cousin-in-mumbai/#comments Mon, 11 Jan 2010 14:29:59 +0000 Properties News http://news.mumbai-properties.com/28819/nri-woman-loses-crores-by-trusting-her-cousin-in-mumbai/ Trusting her cousin proved to be a very costly affair for Aparna Verma, 43, a non-resident India who runs a school in Dubai. She recently filed a complaint with the police, alleging that her cousin, Dilip Kanal, 62, and his son, Gaurav, 30 — residents of Atur Apartment in Colaba ... http://news.mumbai-properties.com/28819/nri-woman-loses-crores-by-trusting-her-cousin-in-mumbai/feed/ http://news.mumbai-properties.com/28818/its-cheaper-to-own-a-pad-in-burj-khalifa-than-in-central-delhi/ http://news.mumbai-properties.com/28818/its-cheaper-to-own-a-pad-in-burj-khalifa-than-in-central-delhi/#comments Sun, 10 Jan 2010 16:07:05 +0000 Properties News http://news.mumbai-properties.com/28818/its-cheaper-to-own-a-pad-in-burj-khalifa-than-in-central-delhi/ An apartment on the 100th floor of 'Burj Khalifa', the world's tallest building and one of the most- sought after addresses in the world today, comes at a price of Rs 38,000 per sq ft. But if you think that's a soaring price, consider this: desi realty rates beat that ... http://news.mumbai-properties.com/28818/its-cheaper-to-own-a-pad-in-burj-khalifa-than-in-central-delhi/feed/ http://news.mumbai-properties.com/28817/panvel-housewife-duped-of-2-properties-in-2-years/ http://news.mumbai-properties.com/28817/panvel-housewife-duped-of-2-properties-in-2-years/#comments Wed, 06 Jan 2010 14:59:19 +0000 Properties News http://news.mumbai-properties.com/28817/panvel-housewife-duped-of-2-properties-in-2-years/ Twenty-nine-year-old housewife Sheetal Gore has been twice bitten and now prefers to be shy. Gore, also a cosmetic science student, has been robbed twice off her property in the last two years. Both times, fake power of attorneys - which were never assigned by Gore - used to sell off ... http://news.mumbai-properties.com/28817/panvel-housewife-duped-of-2-properties-in-2-years/feed/ http://news.mumbai-properties.com/28816/maharashtra-prods-builders-to-go-green/ http://news.mumbai-properties.com/28816/maharashtra-prods-builders-to-go-green/#comments Tue, 05 Jan 2010 14:46:58 +0000 Properties News http://news.mumbai-properties.com/28816/maharashtra-prods-builders-to-go-green/ The Maharashtra government proposes to amend the Development Control Rules for the introduction of green building regulations initially in Mumbai and later in Tier-two cities of the state. Under these regulations, it will be mandatory for new buildings to use green technologies for recycling dry waste and drainage water, vermiculture for ... http://news.mumbai-properties.com/28816/maharashtra-prods-builders-to-go-green/feed/ http://news.mumbai-properties.com/28815/plan-to-buy-a-house-in-mumbai-be-ready-to-pay-higher-tax/ http://news.mumbai-properties.com/28815/plan-to-buy-a-house-in-mumbai-be-ready-to-pay-higher-tax/#comments Mon, 04 Jan 2010 15:59:07 +0000 Properties News http://news.mumbai-properties.com/28815/plan-to-buy-a-house-in-mumbai-be-ready-to-pay-higher-tax/ Here’s a double blow for all prospective house buyers in the city. First, the 2010 ready reckoner for the realty sector upped the prices of homes by hiking the stamp duty rates by 10-20% in Mumbai. And now buyers will also have to pay higher property tax to the Brihanmumbai ... http://news.mumbai-properties.com/28815/plan-to-buy-a-house-in-mumbai-be-ready-to-pay-higher-tax/feed/ http://news.mumbai-properties.com/28814/mall-owners-rope-in-global-consultants-to-manage-retail-assets/ http://news.mumbai-properties.com/28814/mall-owners-rope-in-global-consultants-to-manage-retail-assets/#comments Sun, 03 Jan 2010 15:11:55 +0000 Properties News http://news.mumbai-properties.com/28814/mall-owners-rope-in-global-consultants-to-manage-retail-assets/ Even as rentals for malls, one of the major cost factors for retail companies, seeing a major shift from the property-selling model to a leasing- and revenue-sharing model, mall owners are roping in international consultancy firms such as Jones Lang Lasalle Meghraj (JLLM), WT Retail India and Property Zone to ... http://news.mumbai-properties.com/28814/mall-owners-rope-in-global-consultants-to-manage-retail-assets/feed/ http://news.mumbai-properties.com/28813/villa-projects-back-in-lexicon-of-developers/ http://news.mumbai-properties.com/28813/villa-projects-back-in-lexicon-of-developers/#comments Fri, 01 Jan 2010 15:47:07 +0000 Properties News http://news.mumbai-properties.com/28813/villa-projects-back-in-lexicon-of-developers/ Unitech, Jaypee Greens to launch new projects in the segment. Villa and bungalow projects are back on the agenda of property developers as demand for premium homes picks up. Though villas were popular with the affluent during the boom years of 2004-07, the economic slowdown saw many premium projects put ... http://news.mumbai-properties.com/28813/villa-projects-back-in-lexicon-of-developers/feed/ http://news.mumbai-properties.com/28812/more-cos-converting-realty-into-revenue/ http://news.mumbai-properties.com/28812/more-cos-converting-realty-into-revenue/#comments Thu, 31 Dec 2009 14:39:38 +0000 Properties News http://news.mumbai-properties.com/28812/more-cos-converting-realty-into-revenue/ More corporates are joining the bandwagon of non-textile companies that are unlocking the real estate potential of their properties. The latest corporate entrant in the list is Golden Tobacco. On Monday, Golden Tobacco Board resolved to develop its 7.7-acre Vile Parle property here, besides approving development of other properties in Mumbai, Guntur ... http://news.mumbai-properties.com/28812/more-cos-converting-realty-into-revenue/feed/ http://news.mumbai-properties.com/28811/business-standardcom/ http://news.mumbai-properties.com/28811/business-standardcom/#comments Wed, 30 Dec 2009 15:22:02 +0000 Properties News http://news.mumbai-properties.com/28811/business-standardcom/ Phoenix Mills started operations as a textile mill company and gradually forayed into real estate with a focus on retail, commercial and entertainment segments in tier I and tier II cities. Located at Lower Parel, Mumbai, High Street Phoenix (HSP) was the first property developed by the company. Spread over ... http://news.mumbai-properties.com/28811/business-standardcom/feed/ http://news.mumbai-properties.com/28810/time-for-a-realty-check/ http://news.mumbai-properties.com/28810/time-for-a-realty-check/#comments Mon, 28 Dec 2009 15:07:17 +0000 Properties News http://news.mumbai-properties.com/28810/time-for-a-realty-check/ The economic slowdown came as a tough challenge to the Indian realty market in 2009. Bindu Gopal Rao takes a trip down memory lane, highlighting the highs and lows of the sector in the year gone by. Although the realty market witnessed a slowdown in India, Bangalore was ranked third, ... http://news.mumbai-properties.com/28810/time-for-a-realty-check/feed/ http://news.mumbai-properties.com/28809/alcon-victor-group-to-launch-a-hotel-under-radisson-brand-in-goa-by-mid-2010/ http://news.mumbai-properties.com/28809/alcon-victor-group-to-launch-a-hotel-under-radisson-brand-in-goa-by-mid-2010/#comments Sun, 27 Dec 2009 14:32:43 +0000 Properties News http://news.mumbai-properties.com/28809/alcon-victor-group-to-launch-a-hotel-under-radisson-brand-in-goa-by-mid-2010/ Goa-based hospitality player Alcon Victor Group is currently developing a property under Carlson Hotels’ ‘Radisson’ brand at Cavelossim Beach in Goa. The property will be positioned as a five-star deluxe hotel and is likely to be operational by mid 2010. Alcon Victor’s upcoming Radisson hotel in Goa will have 150 ... http://news.mumbai-properties.com/28809/alcon-victor-group-to-launch-a-hotel-under-radisson-brand-in-goa-by-mid-2010/feed/ http://news.mumbai-properties.com/28808/now-buy-prime-office-space-for-just-rs-5-lakh/ http://news.mumbai-properties.com/28808/now-buy-prime-office-space-for-just-rs-5-lakh/#comments Sat, 26 Dec 2009 13:54:51 +0000 Properties News http://news.mumbai-properties.com/28808/now-buy-prime-office-space-for-just-rs-5-lakh/ Here is your chance to own a slice of office property at Nariman Point by investing just Rs 5 lakh. The 30-40% decline in property prices (from peak levels), coupled with firming interest rates have resulted in private equity (PE) funds eyeing investment opportunities in real estate rental space. A ... http://news.mumbai-properties.com/28808/now-buy-prime-office-space-for-just-rs-5-lakh/feed/ http://news.mumbai-properties.com/28807/db-hospitality-to-invest-rs-5500-cr-to-build-9-hotels-by-2014/ http://news.mumbai-properties.com/28807/db-hospitality-to-invest-rs-5500-cr-to-build-9-hotels-by-2014/#comments Fri, 25 Dec 2009 15:11:03 +0000 Properties News http://news.mumbai-properties.com/28807/db-hospitality-to-invest-rs-5500-cr-to-build-9-hotels-by-2014/ DB Hospitality, part of the Mumbai- based real estate developer DB Group, will invest around Rs 5,500 crore to build nine hotels across India by 2014, a top company official said. We plan to have a minimum of 12 properties by 2014. We plan to set up nine more hotels ... http://news.mumbai-properties.com/28807/db-hospitality-to-invest-rs-5500-cr-to-build-9-hotels-by-2014/feed/ http://news.mumbai-properties.com/28806/hudco-lowers-interest-rates/ http://news.mumbai-properties.com/28806/hudco-lowers-interest-rates/#comments Wed, 23 Dec 2009 15:09:01 +0000 Properties News http://news.mumbai-properties.com/28806/hudco-lowers-interest-rates/ The Housing and Urban Development Corporation Ltd has cut its lending rates on floating rate loans by 50 basis points for its lending portfolios of housing and urban infrastructure development, according to a press release. For affordable housing through private sector the rate of interest on loans up to Rs 15 ... http://news.mumbai-properties.com/28806/hudco-lowers-interest-rates/feed/ http://news.mumbai-properties.com/28805/asian-hotels-demerger-to-unlock-value-for-shareholders/ http://news.mumbai-properties.com/28805/asian-hotels-demerger-to-unlock-value-for-shareholders/#comments Tue, 22 Dec 2009 15:54:20 +0000 Properties News http://news.mumbai-properties.com/28805/asian-hotels-demerger-to-unlock-value-for-shareholders/ THE Delhi-based Asian Hotels (AHL), one of the largest players in the hospitality business, has got its shareholders’ approval to demerge the company into three independent entities. The three undertakings will own one property each in Delhi, Mumbai and Kolkata. The Mumbai undertaking, along with investments and development options in ... http://news.mumbai-properties.com/28805/asian-hotels-demerger-to-unlock-value-for-shareholders/feed/ http://news.mumbai-properties.com/28804/crores-spent-to-buy-a-no-development-plot-in-worli/ http://news.mumbai-properties.com/28804/crores-spent-to-buy-a-no-development-plot-in-worli/#comments Mon, 21 Dec 2009 16:45:45 +0000 News http://news.mumbai-properties.com/28804/crores-spent-to-buy-a-no-development-plot-in-worli/ A prime plot in Worli adjoining INS Trata, a naval property located on Sir Pochkhanwala Road off Worli Seaface, has changed hands for several crores, even though there are slim chances of any construction ever being allowed on it. According to an insider to the deal, the plot, admeasuring around 1,700 ... http://news.mumbai-properties.com/28804/crores-spent-to-buy-a-no-development-plot-in-worli/feed/ http://news.mumbai-properties.com/28803/commercial-property-investors-plan-to-double-buys-in-2010/ http://news.mumbai-properties.com/28803/commercial-property-investors-plan-to-double-buys-in-2010/#comments Sun, 20 Dec 2009 16:06:32 +0000 Properties News http://news.mumbai-properties.com/28803/commercial-property-investors-plan-to-double-buys-in-2010/ Commercial real-estate investors will see a shortage of available stock in some markets in 2010 as they plan to double global investments to $315 billion, with $2 chasing every $1 of property, real estate adviser DTZ Holdings PLC (DTZ.LN) said Thursday. In some markets, there will be a shortage of ... http://news.mumbai-properties.com/28803/commercial-property-investors-plan-to-double-buys-in-2010/feed/ http://news.mumbai-properties.com/28802/mumbai-selects-arcgis-server-for-citywide-enterprise-gis-solution/ http://news.mumbai-properties.com/28802/mumbai-selects-arcgis-server-for-citywide-enterprise-gis-solution/#comments Sat, 19 Dec 2009 16:34:28 +0000 Properties News http://news.mumbai-properties.com/28802/mumbai-selects-arcgis-server-for-citywide-enterprise-gis-solution/ Municipal Corporation of Greater Mumbai (MCGM), the primary agency for urban governance in Mumbai, India, has selected ESRI ArcGIS Server technology as its citywide geographic information system (GIS) enterprise management solution. ArcGIS Server will integrate images, detailed maps, and property-level maps and link them to a wide range of enterprise ... http://news.mumbai-properties.com/28802/mumbai-selects-arcgis-server-for-citywide-enterprise-gis-solution/feed/ http://news.mumbai-properties.com/28801/realty-gets-a-high-home-buyers-are-back-in-the-city/ http://news.mumbai-properties.com/28801/realty-gets-a-high-home-buyers-are-back-in-the-city/#comments Fri, 18 Dec 2009 15:41:28 +0000 News http://news.mumbai-properties.com/28801/realty-gets-a-high-home-buyers-are-back-in-the-city/ After braving the slowdown, city developers are finally witnessing a revival of their fortunes. 2009 has seen a rise in property document registrations over 2008. According to data available with the stamp duty registrar, 6,402 documents have so far been registered this year against 3,460 registered last year. Realty experts ... http://news.mumbai-properties.com/28801/realty-gets-a-high-home-buyers-are-back-in-the-city/feed/ http://news.mumbai-properties.com/28800/46-years-on-the-government-is-still-to-settle-my-claims/ http://news.mumbai-properties.com/28800/46-years-on-the-government-is-still-to-settle-my-claims/#comments Thu, 17 Dec 2009 16:43:37 +0000 Properties News http://news.mumbai-properties.com/28800/46-years-on-the-government-is-still-to-settle-my-claims/ Vinod Bhatia first came to India in 1962 on a ship from Mozambique as a 19-year-old. His family was uprooted by the-then Portuguese rulers, as after the liberation of Goa in 1961, the Portuguese government had expelled Indian nationals from Mozambique, earlier a Portuguese territory. Forty-seven years later, Bhatia is still ... http://news.mumbai-properties.com/28800/46-years-on-the-government-is-still-to-settle-my-claims/feed/ http://news.mumbai-properties.com/28799/alok-to-wind-up-realty-foray/ http://news.mumbai-properties.com/28799/alok-to-wind-up-realty-foray/#comments Mon, 14 Dec 2009 14:42:53 +0000 Properties News http://news.mumbai-properties.com/28799/alok-to-wind-up-realty-foray/ Two years after it entered the realty space by signing one of the largest land deals in the country, textile major Alok Industries has decided to withdraw from this segment by 2012. It plans to come out of its realty projects by then and concentrate on the core business. The company ... http://news.mumbai-properties.com/28799/alok-to-wind-up-realty-foray/feed/ http://news.mumbai-properties.com/28798/commercial-realty-deals-seen-picking-up-in-bkc/ http://news.mumbai-properties.com/28798/commercial-realty-deals-seen-picking-up-in-bkc/#comments Sat, 12 Dec 2009 14:32:51 +0000 Properties News http://news.mumbai-properties.com/28798/commercial-realty-deals-seen-picking-up-in-bkc/ Real estate activity has picked up pace after a long lull in Mumbai’s Bandra Kurla Complex (BKC) as valuations in commercial property across the city recover from the economic slowdown. An unlisted pharmaceutical chemical company has bought 15,000 sq ft of space at Rs 31,000 per sq ft in the ... http://news.mumbai-properties.com/28798/commercial-realty-deals-seen-picking-up-in-bkc/feed/ http://news.mumbai-properties.com/28797/bankable-model/ http://news.mumbai-properties.com/28797/bankable-model/#comments Fri, 11 Dec 2009 14:41:56 +0000 Properties News http://news.mumbai-properties.com/28797/bankable-model/ Godrej Properties growth strategy, past performance and brand equity augur well and will help deliver healthy returns in the long run. Godrej Properties (GPL) has evolved into an integrated real estate development company with projects in 10 cities across India. It develops properties both in the residential and commercial real ... http://news.mumbai-properties.com/28797/bankable-model/feed/ http://news.mumbai-properties.com/28796/marriott-international-launches-courtyard-by-marriott-in-hyderabad/ http://news.mumbai-properties.com/28796/marriott-international-launches-courtyard-by-marriott-in-hyderabad/#comments Thu, 10 Dec 2009 11:30:48 +0000 Properties News http://news.mumbai-properties.com/28796/marriott-international-launches-courtyard-by-marriott-in-hyderabad/ Trust no one, not even your own blood. This saying couldn’t prove to be truer than in the case of Venkataraman (68), a retired employee of HAL. He has registered a complaint against his two sons for cheating him by registering newly-bought property in their names in spite of taking ... http://news.mumbai-properties.com/28796/marriott-international-launches-courtyard-by-marriott-in-hyderabad/feed/ http://news.mumbai-properties.com/28795/marriott-international-launches-courtyard-by-marriott-in-hyderabad/ http://news.mumbai-properties.com/28795/marriott-international-launches-courtyard-by-marriott-in-hyderabad/#comments Wed, 09 Dec 2009 11:11:27 +0000 Properties News http://news.mumbai-properties.com/28795/marriott-international-launches-courtyard-by-marriott-in-hyderabad/ Marriott International Inc announced the opening of its second property in Hyderabad with the launch of Courtyard by Marriott. Courtyard by Marriott in Hyderabad has 168 rooms in two categories. It will mainly cater to business and leisure travellers. Besides, the hotel offers meeting facilities divided into seven zones comprising ... http://news.mumbai-properties.com/28795/marriott-international-launches-courtyard-by-marriott-in-hyderabad/feed/ http://news.mumbai-properties.com/28794/india-inc-heads-for-bkc-again/ http://news.mumbai-properties.com/28794/india-inc-heads-for-bkc-again/#comments Tue, 08 Dec 2009 14:59:14 +0000 Properties News http://news.mumbai-properties.com/28794/india-inc-heads-for-bkc-again/ Bandra Kurla Complex, or BKC, is set to witness a second wave of migration, with Indian companies and MNCs looking to take advantage of lower rentals, locational advantage and planned infrastructure offered by Mumbai’s swanky business district. While home-grown financial powerhouse Kotak Mahindra and British bank Standard Chartered will shift ... http://news.mumbai-properties.com/28794/india-inc-heads-for-bkc-again/feed/ http://news.mumbai-properties.com/28793/andheri-office-space-sold-for-rs-211-crore/ http://news.mumbai-properties.com/28793/andheri-office-space-sold-for-rs-211-crore/#comments Mon, 07 Dec 2009 11:37:05 +0000 Properties News http://news.mumbai-properties.com/28793/andheri-office-space-sold-for-rs-211-crore/ In what is being billed as the largest commercial property transaction of 2009, Mumbai-based developers square feet of office space in Andheri east to public sector SBI Life insurance company for a whopping Rs 211 crore. The deal was registered on Tuesday evening between the two parties. The building is ... http://news.mumbai-properties.com/28793/andheri-office-space-sold-for-rs-211-crore/feed/ http://news.mumbai-properties.com/28792/living-next-door-to-srk-cheaper-in-dubai-than-mumbai/ http://news.mumbai-properties.com/28792/living-next-door-to-srk-cheaper-in-dubai-than-mumbai/#comments Sun, 06 Dec 2009 14:08:04 +0000 Properties News http://news.mumbai-properties.com/28792/living-next-door-to-srk-cheaper-in-dubai-than-mumbai/ For many years, Zaheer Rizvi, an MBA from one of the country’s top 20 business schools, nurtured a dream to meet his favourite star Shah Rukh Khan. He had made several attempts to meet King Khan in Mumbai for two years, but always ended up seeing the star surrounded by ... http://news.mumbai-properties.com/28792/living-next-door-to-srk-cheaper-in-dubai-than-mumbai/feed/ http://news.mumbai-properties.com/28791/bollywood-nests-in-dubai-fall-off-perch/ http://news.mumbai-properties.com/28791/bollywood-nests-in-dubai-fall-off-perch/#comments Sat, 05 Dec 2009 14:45:03 +0000 Properties News http://news.mumbai-properties.com/28791/bollywood-nests-in-dubai-fall-off-perch/ Like celebrities around the world, Bollywood stars are caught up in Dubai’s spiralling debt crisis which has wiped off much of the value of their dream homes in the city celebrated as a nirvana for the rich. From Shah Rukh Khan to Hrithik Roshan and Kareena Kapoor, Suniel Shetty, Salman Khan ... http://news.mumbai-properties.com/28791/bollywood-nests-in-dubai-fall-off-perch/feed/ http://news.mumbai-properties.com/28790/increase-in-prices-sours-revival-in-demand-for-real-estate/ http://news.mumbai-properties.com/28790/increase-in-prices-sours-revival-in-demand-for-real-estate/#comments Fri, 04 Dec 2009 14:59:20 +0000 Properties News http://news.mumbai-properties.com/28790/increase-in-prices-sours-revival-in-demand-for-real-estate/ The much-heralded revival in home-building could come to nothing as property developers may have raised prices too much too soon, data from realty research company Liases Foras shows. The country’s largest mortgage lender has a word of caution for real estate companies looking to cash in on the increase in demand. ... http://news.mumbai-properties.com/28790/increase-in-prices-sours-revival-in-demand-for-real-estate/feed/ http://news.mumbai-properties.com/28789/367k-housing-units-in-seven-metros-knight-frank/ http://news.mumbai-properties.com/28789/367k-housing-units-in-seven-metros-knight-frank/#comments Thu, 03 Dec 2009 14:55:35 +0000 Properties News http://news.mumbai-properties.com/28789/367k-housing-units-in-seven-metros-knight-frank/ Mumbai Property consultancy firm Knight Frank said that 367,000 housing units will be available by 2011, across seven Indian cities of which 25 per cent will come up in the National Capital Region alone. Examining potential residential supply, the report said that with 92,202 units, NCR would be the highest ... http://news.mumbai-properties.com/28789/367k-housing-units-in-seven-metros-knight-frank/feed/ http://news.mumbai-properties.com/28788/residential-property-prices-in-north-india-inching-up/ http://news.mumbai-properties.com/28788/residential-property-prices-in-north-india-inching-up/#comments Wed, 02 Dec 2009 13:58:40 +0000 Properties News http://news.mumbai-properties.com/28788/residential-property-prices-in-north-india-inching-up/ Demand in the real estate sector has returned . And, with it, developers have raised prices of their products in most of the markets in north India . However, prices in cities in south India have stabilised, with the exception of Bangalore, which is still witnessing a slight correction , ... http://news.mumbai-properties.com/28788/residential-property-prices-in-north-india-inching-up/feed/ http://news.mumbai-properties.com/28787/property-tax-sop-for-retired-soldiers-draws-praise/ http://news.mumbai-properties.com/28787/property-tax-sop-for-retired-soldiers-draws-praise/#comments Tue, 01 Dec 2009 14:20:38 +0000 Properties News http://news.mumbai-properties.com/28787/property-tax-sop-for-retired-soldiers-draws-praise/ The Pimpri-Chinchwad Municipal Corporation has decided to provide 100 per cent concession in property tax to retired soldiers of the Indian armed forces — a move that has drawn praise from all quarters. Though the PCMC standing committee on Tuesday took the decision, it will first require approval from the ... http://news.mumbai-properties.com/28787/property-tax-sop-for-retired-soldiers-draws-praise/feed/ http://news.mumbai-properties.com/28786/property-registration-to-be-at-flat-one-per-cent/ http://news.mumbai-properties.com/28786/property-registration-to-be-at-flat-one-per-cent/#comments Mon, 30 Nov 2009 15:03:46 +0000 Properties News http://news.mumbai-properties.com/28786/property-registration-to-be-at-flat-one-per-cent/ Revenue department has approved a proposal to levy a flat one per cent charge on property registrations with immediate effect, doing away with the Rs 30,000 ceiling. Revenue Minister Narayan Rane lifted a stay on an earlier order of the government. The decision on the one per cent property registration ... http://news.mumbai-properties.com/28786/property-registration-to-be-at-flat-one-per-cent/feed/ http://news.mumbai-properties.com/28785/office-property-market-yet-to-beat-slump/ http://news.mumbai-properties.com/28785/office-property-market-yet-to-beat-slump/#comments Sun, 29 Nov 2009 15:37:49 +0000 Properties News http://news.mumbai-properties.com/28785/office-property-market-yet-to-beat-slump/ The office property market, which was hit hard in the aftermath of the global economic slowdown, will take at least a year to come out of the slump as demand for offices is still subdued, say fund managers, consultants and realty developers. Due to oversupply and rising vacancy levels in cities ... http://news.mumbai-properties.com/28785/office-property-market-yet-to-beat-slump/feed/ http://news.mumbai-properties.com/28784/dip-in-property-sales-hits-stamp-duty-collection/ http://news.mumbai-properties.com/28784/dip-in-property-sales-hits-stamp-duty-collection/#comments Sat, 28 Nov 2009 14:14:44 +0000 Properties News http://news.mumbai-properties.com/28784/dip-in-property-sales-hits-stamp-duty-collection/ The dip in property sale all over the state this financial year has taken its toll on the revenue that the state mops up from stamp duty and property registration. Two-thirds of the financial year is over but only about 50% of the annual target has been met. Officials fear the ... http://news.mumbai-properties.com/28784/dip-in-property-sales-hits-stamp-duty-collection/feed/ http://news.mumbai-properties.com/28783/best-time-to-invest-in-commercial-property/ http://news.mumbai-properties.com/28783/best-time-to-invest-in-commercial-property/#comments Fri, 27 Nov 2009 14:02:57 +0000 Properties News http://news.mumbai-properties.com/28783/best-time-to-invest-in-commercial-property/ Sunil Sharma was a very successful IT professional in the US where he had been working for over a decade. However, he has returned to India and is currently engaged in developing an advanced IT-ready commercial space with all concepts of sustainable building packed into the Advant Navis Business Park ... http://news.mumbai-properties.com/28783/best-time-to-invest-in-commercial-property/feed/ http://news.mumbai-properties.com/28782/church-property-sale-ban-welcomed/ http://news.mumbai-properties.com/28782/church-property-sale-ban-welcomed/#comments Thu, 19 Nov 2009 14:14:15 +0000 Properties News http://news.mumbai-properties.com/28782/church-property-sale-ban-welcomed/ Some Christians have welcomed a recent ruling that disallowed the sale and redevelopment of properties managed by the Church of North India (CNI), a union of Protestant Churches. The Mumbai Charity Commissioner recently ruled that the Bombay Diocesan Trust Association (BDTA) is only a guardian of properties and it cannot sell ... http://news.mumbai-properties.com/28782/church-property-sale-ban-welcomed/feed/ http://news.mumbai-properties.com/28781/realty-companies-eye-rs-15k-crore-mop-up/ http://news.mumbai-properties.com/28781/realty-companies-eye-rs-15k-crore-mop-up/#comments Wed, 18 Nov 2009 14:18:44 +0000 Properties News http://news.mumbai-properties.com/28781/realty-companies-eye-rs-15k-crore-mop-up/ Cash-strapped real estate companies looking for succour from the capital market are likely to run into headwinds on the pricing front. Market watchers say unless the promoters price their issues a bit more realistically, they are likely to see a tepid response from investors. Some of the high-profile new issues ... http://news.mumbai-properties.com/28781/realty-companies-eye-rs-15k-crore-mop-up/feed/ http://news.mumbai-properties.com/28780/permission-denied-to-sell-anglican-church-properties-in-mumbai/ http://news.mumbai-properties.com/28780/permission-denied-to-sell-anglican-church-properties-in-mumbai/#comments Tue, 17 Nov 2009 15:50:37 +0000 Properties News http://news.mumbai-properties.com/28780/permission-denied-to-sell-anglican-church-properties-in-mumbai/ Church properties belonging to the Anglican community in Mumbai cannot be sold by those in possession of them, according to the ruling of Maharashtra charity commissioner N V Deshmukh. Rejecting an application of the Bombay Diocesan Trusts Association (BDTA) seeking permission to sell the transfer of development rights (TDR) of two ... http://news.mumbai-properties.com/28780/permission-denied-to-sell-anglican-church-properties-in-mumbai/feed/ http://news.mumbai-properties.com/28779/new-home-buyers-keen-but-wary/ http://news.mumbai-properties.com/28779/new-home-buyers-keen-but-wary/#comments Sat, 14 Nov 2009 15:04:16 +0000 Properties News http://news.mumbai-properties.com/28779/new-home-buyers-keen-but-wary/ The residential property market has firmed up in the last few weeks and consumer demand has picked up, say real estate consultants, who claim that buyers (end users) are back because of the confidence in the economy, a resurgent stock market and low interest rates. But there’s a note of ... http://news.mumbai-properties.com/28779/new-home-buyers-keen-but-wary/feed/ http://news.mumbai-properties.com/28778/lodhas-strongest-year-may-see-home-sales-triple-by-march/ http://news.mumbai-properties.com/28778/lodhas-strongest-year-may-see-home-sales-triple-by-march/#comments Fri, 13 Nov 2009 15:37:33 +0000 Properties News http://news.mumbai-properties.com/28778/lodhas-strongest-year-may-see-home-sales-triple-by-march/ Lodha Developers Ltd., an Indian property company that’s planning an initial share sale, expects its home sales in India will climb about threefold as a record low benchmark interest rate encourages buyers to take loans. The Mumbai-based developer expects sales to rise to 9 million square feet by March 31, ... http://news.mumbai-properties.com/28778/lodhas-strongest-year-may-see-home-sales-triple-by-march/feed/ http://news.mumbai-properties.com/28777/meet-to-discuss-low-cost-housing/ http://news.mumbai-properties.com/28777/meet-to-discuss-low-cost-housing/#comments Thu, 12 Nov 2009 15:02:48 +0000 Properties News http://news.mumbai-properties.com/28777/meet-to-discuss-low-cost-housing/ In a city where over 1.9 million households live in slums, what should be an effective model for slum rehabilitation schemes? Should slums continue to be redeveloped under the Slum Rehabilitation Authority or be replaced by a Dharavi-like scheme? Answers to questions like these and more will be unveiled at ... http://news.mumbai-properties.com/28777/meet-to-discuss-low-cost-housing/feed/ http://news.mumbai-properties.com/28776/realty-cos-slow-build-up-in-sales-even-as-profits-deconstruct/ http://news.mumbai-properties.com/28776/realty-cos-slow-build-up-in-sales-even-as-profits-deconstruct/#comments Tue, 10 Nov 2009 14:19:17 +0000 Properties News http://news.mumbai-properties.com/28776/realty-cos-slow-build-up-in-sales-even-as-profits-deconstruct/ The September quarter results of 25 listed realty companies suggest that the sector’s recovery is painfully slow. Only nine realty companies managed an expansion in sales on a year-on-year basis. Sales of the top-listed players such as DLF and Unitech are still a good 50 per cent down compared with ... http://news.mumbai-properties.com/28776/realty-cos-slow-build-up-in-sales-even-as-profits-deconstruct/feed/ http://news.mumbai-properties.com/28775/must-knows-before-buying-a-house/ http://news.mumbai-properties.com/28775/must-knows-before-buying-a-house/#comments Mon, 09 Nov 2009 15:22:14 +0000 Properties News http://news.mumbai-properties.com/28775/must-knows-before-buying-a-house/ For most NRIs as well as the rest of Indians, buying a house is perhaps their biggest one-time investment. A decade back, most of the salaried people in the country and abroad would put their lifetime savings at the fag end of their career to buy a home for themselves. ... http://news.mumbai-properties.com/28775/must-knows-before-buying-a-house/feed/ http://news.mumbai-properties.com/28774/nri-associate-booked-for-property-fraud/ http://news.mumbai-properties.com/28774/nri-associate-booked-for-property-fraud/#comments Fri, 06 Nov 2009 15:19:14 +0000 Properties News http://news.mumbai-properties.com/28774/nri-associate-booked-for-property-fraud/ A Uganda-based NRI and his associate have been booked for duping an advocate in the city of Rs 31 lakh by selling him a property that was already sold twice before. The accused have allegedly sold the same property to three other unsuspecting buyers, police said. According to officials of ... http://news.mumbai-properties.com/28774/nri-associate-booked-for-property-fraud/feed/ http://news.mumbai-properties.com/28773/builders-revive-stalled-commercial-projects-on-early-signs-of-recovery/ http://news.mumbai-properties.com/28773/builders-revive-stalled-commercial-projects-on-early-signs-of-recovery/#comments Thu, 05 Nov 2009 14:51:16 +0000 News http://news.mumbai-properties.com/28773/builders-revive-stalled-commercial-projects-on-early-signs-of-recovery/ Realty firms, encouraged by early signs of a revival in the market, are dusting off shelved or deferred projects and testing their financial viability to gauge which of these can be resurrected. DLF Ltd and Unitech Ltd, India’s top two developers by market value, which had suspended most of their commercial ... http://news.mumbai-properties.com/28773/builders-revive-stalled-commercial-projects-on-early-signs-of-recovery/feed/ http://news.mumbai-properties.com/28772/best-western-signs-third-hotel-in-malaysia/ http://news.mumbai-properties.com/28772/best-western-signs-third-hotel-in-malaysia/#comments Wed, 04 Nov 2009 14:19:34 +0000 Properties News http://news.mumbai-properties.com/28772/best-western-signs-third-hotel-in-malaysia/ Best Western has signed its third property in Malaysia. The new-build 170-room hotel is scheduled to open in 2010. Situated on Malaysias manmade islands, Marina Island Pangkor, in the state of Perak, the new property joins the Best Western Kinabalu Daya Hotel and 560-room Best Western Premier Seri Pacific Hotel ... http://news.mumbai-properties.com/28772/best-western-signs-third-hotel-in-malaysia/feed/ http://news.mumbai-properties.com/28771/unitech-suffers-double-blow-as-revenues-profit-dip-50/ http://news.mumbai-properties.com/28771/unitech-suffers-double-blow-as-revenues-profit-dip-50/#comments Tue, 03 Nov 2009 14:18:33 +0000 Properties News http://news.mumbai-properties.com/28771/unitech-suffers-double-blow-as-revenues-profit-dip-50/ Indias second largest property firm Unitech on Saturday said it would continue to focus on lower-priced homes to drive sales in the coming quarters, even as it reported a 50% decline in both revenues and profits for the September quarter, over the year ago period, on the back of property ... http://news.mumbai-properties.com/28771/unitech-suffers-double-blow-as-revenues-profit-dip-50/feed/ http://news.mumbai-properties.com/28770/church-lands-cant-be-sold/ http://news.mumbai-properties.com/28770/church-lands-cant-be-sold/#comments Mon, 02 Nov 2009 15:23:39 +0000 Properties News http://news.mumbai-properties.com/28770/church-lands-cant-be-sold/ In a landmark order, the Maharashtra charity commissioner has ruled that church properties belong to the government and cannot be sold by those in possession of them. The institutions running the churches are merely custodians of the land and buildings. An order passed by joint charity commissioner NV Deshmukh says that ... http://news.mumbai-properties.com/28770/church-lands-cant-be-sold/feed/ http://news.mumbai-properties.com/28769/hdil-q2-performance-falls-short-of-expectations/ http://news.mumbai-properties.com/28769/hdil-q2-performance-falls-short-of-expectations/#comments Sat, 31 Oct 2009 14:57:01 +0000 Properties News http://news.mumbai-properties.com/28769/hdil-q2-performance-falls-short-of-expectations/ A boost in trading of development rights and robust home sales helped Housing Development and Infrastructure Ltd (HDIL) increase its second-quarter net profit by 38.26% over the preceding three months. The performance, however, fell short of market estimates. Compared with the corresponding period last year, the net profit declined 44%. In ... http://news.mumbai-properties.com/28769/hdil-q2-performance-falls-short-of-expectations/feed/ http://news.mumbai-properties.com/28768/realty-back-in-reckoning-as-fiis-cut-blue-chip-stake/ http://news.mumbai-properties.com/28768/realty-back-in-reckoning-as-fiis-cut-blue-chip-stake/#comments Fri, 30 Oct 2009 15:11:23 +0000 Properties News http://news.mumbai-properties.com/28768/realty-back-in-reckoning-as-fiis-cut-blue-chip-stake/ DLF, Unitech and HDIL are the latest darlings of foreign funds expecting a quick buck, even as they slash holdings in companies such as Infosys Technologies and infrastructure builders due to concerns about order flows and high valuations, a study of latest filings shows. The sudden fancy for real estate ... http://news.mumbai-properties.com/28768/realty-back-in-reckoning-as-fiis-cut-blue-chip-stake/feed/ http://news.mumbai-properties.com/28767/indian-developers-say-negative-signal-on-loans-to-boost-costs/ http://news.mumbai-properties.com/28767/indian-developers-say-negative-signal-on-loans-to-boost-costs/#comments Thu, 29 Oct 2009 15:44:29 +0000 Properties News http://news.mumbai-properties.com/28767/indian-developers-say-negative-signal-on-loans-to-boost-costs/ The Reserve Bank of Indias move to ask lenders to set aside more funds to cover defaults on loans to property companies may boost costs at real estate developers and reduce demand for homes, company officials said. The central bank yesterday ordered lenders to set aside an equal amount of ... http://news.mumbai-properties.com/28767/indian-developers-say-negative-signal-on-loans-to-boost-costs/feed/ http://news.mumbai-properties.com/28766/mumbais-super-rich-back-to-house-hunting/ http://news.mumbai-properties.com/28766/mumbais-super-rich-back-to-house-hunting/#comments Wed, 28 Oct 2009 14:30:31 +0000 Properties News http://news.mumbai-properties.com/28766/mumbais-super-rich-back-to-house-hunting/ Luxury homes are back in the reckoning and it appears that the days when sales are complete before the shovel is put to earth is not too far off. A niche Mumbai expo, with just seven developers show-casing their high-end offerings in the price Rs 4.5-22-crore price range, attracted substantial ... http://news.mumbai-properties.com/28766/mumbais-super-rich-back-to-house-hunting/feed/ http://news.mumbai-properties.com/28765/bda-file-related-to-iskcon-property-goes-missing/ http://news.mumbai-properties.com/28765/bda-file-related-to-iskcon-property-goes-missing/#comments Mon, 26 Oct 2009 14:51:31 +0000 Properties News http://news.mumbai-properties.com/28765/bda-file-related-to-iskcon-property-goes-missing/ A file in the Bangalore Development Authority (BDA) relating to the building plan sanctioned for the International Society for Krishna Consciousness (ISKCON) for construction of its temple in 1991-92 has gone missing. Also, another file related to allotment of land to ISKCON has been allegedly tampered with as some pages ... http://news.mumbai-properties.com/28765/bda-file-related-to-iskcon-property-goes-missing/feed/ http://news.mumbai-properties.com/28764/avanta-to-wind-up-mumbai-operations/ http://news.mumbai-properties.com/28764/avanta-to-wind-up-mumbai-operations/#comments Sun, 25 Oct 2009 15:17:21 +0000 Properties News http://news.mumbai-properties.com/28764/avanta-to-wind-up-mumbai-operations/ UK-based serviced office provider Avanta, which blocked properties at the peak of the realty boom in India and started offering office space to clients during the downturn, is in the process of shutting down its Mumbai operations after incurring significant losses. With the closure of the Mumbai operations, Avanta will ... http://news.mumbai-properties.com/28764/avanta-to-wind-up-mumbai-operations/feed/ http://news.mumbai-properties.com/28763/marriott-international-signs-first-hotel-in-oman/ http://news.mumbai-properties.com/28763/marriott-international-signs-first-hotel-in-oman/#comments Sat, 24 Oct 2009 15:22:48 +0000 Properties News http://news.mumbai-properties.com/28763/marriott-international-signs-first-hotel-in-oman/ Marriott International has signed a management contract for its first property in the Sultanate of Oman with Dhofar Tourism Company SAOG. The 234-room Salalah Beach Marriott Resort, scheduled to open in December 2009, will be part of a mixed-used, beachfront development located approximately 75 kilometres from Salalah, Omans southernmost city. According ... http://news.mumbai-properties.com/28763/marriott-international-signs-first-hotel-in-oman/feed/ http://news.mumbai-properties.com/28762/carlson-hotels-worldwide-to-open-tenth-property-in-china/ http://news.mumbai-properties.com/28762/carlson-hotels-worldwide-to-open-tenth-property-in-china/#comments Thu, 22 Oct 2009 14:33:32 +0000 Properties News http://news.mumbai-properties.com/28762/carlson-hotels-worldwide-to-open-tenth-property-in-china/ Carlson Hotels Worldwide will open its 10th property in China. The property known as Park Plaza Beijing West will be the latest addition to the groups upper mid-scale brand. Park Plaza Beijing West is a 263-room contemporary property located at the end of Beijings Chang An Boulevard. According to a report ... http://news.mumbai-properties.com/28762/carlson-hotels-worldwide-to-open-tenth-property-in-china/feed/ http://news.mumbai-properties.com/28761/gorai-cops-nab-2-estate-agents-for-property-fraud/ http://news.mumbai-properties.com/28761/gorai-cops-nab-2-estate-agents-for-property-fraud/#comments Tue, 20 Oct 2009 15:49:52 +0000 Properties News http://news.mumbai-properties.com/28761/gorai-cops-nab-2-estate-agents-for-property-fraud/ The Gorai police have arrested two real estate agents for cheating a resident of his ancestral property worth Rs 81 lakh. The complainant, Jacinto D'Souza (33), approached the police after his great grandfather's property in Manori village was fraudulently transferred to a buyer. Two others are wanted in the case. ... http://news.mumbai-properties.com/28761/gorai-cops-nab-2-estate-agents-for-property-fraud/feed/ http://news.mumbai-properties.com/28760/home-buyers-stay-off-as-builders-hike-rates/ http://news.mumbai-properties.com/28760/home-buyers-stay-off-as-builders-hike-rates/#comments Mon, 19 Oct 2009 15:03:55 +0000 Properties News http://news.mumbai-properties.com/28760/home-buyers-stay-off-as-builders-hike-rates/ Mumbai's residential property prices are on the rise even as the buyer is not in a hurry to finish a deal. According to the city’s property registration data, there has been a 13% month-on-month drop in the number of apartments registered in August 2009 this year as compared with the ... http://news.mumbai-properties.com/28760/home-buyers-stay-off-as-builders-hike-rates/feed/ http://news.mumbai-properties.com/28759/indias-unitech-gains-after-selling-860-million-of-property/ http://news.mumbai-properties.com/28759/indias-unitech-gains-after-selling-860-million-of-property/#comments Sun, 18 Oct 2009 14:23:18 +0000 Properties News http://news.mumbai-properties.com/28759/indias-unitech-gains-after-selling-860-million-of-property/ Unitech Ltd., India’s second-biggest developer, rose as much as 2 percent in Mumbai trading after saying it sold property worth 40 billion rupees ($860 million) in the March to September period. The shares climbed 1.8 percent to 102.7 rupees as of 10:09 a.m. local time. The New Delhi-based company sold ... http://news.mumbai-properties.com/28759/indias-unitech-gains-after-selling-860-million-of-property/feed/ http://news.mumbai-properties.com/28758/industrial-production-growth-to-accelerate-in-coming-months-moodys/ http://news.mumbai-properties.com/28758/industrial-production-growth-to-accelerate-in-coming-months-moodys/#comments Fri, 16 Oct 2009 10:26:52 +0000 Properties News http://news.mumbai-properties.com/28758/industrial-production-growth-to-accelerate-in-coming-months-moodys/ Thanks to government stimulus and inventory restocking, industrial production expanded rapidly in August. The improvement in industrial production was broad based, with rapid growth in the mining, manufacturing and electricity production sectors. The strength of private sector demand (however) remains somewhat uncertain, with weak expansion experienced in production of consumer ... http://news.mumbai-properties.com/28758/industrial-production-growth-to-accelerate-in-coming-months-moodys/feed/ http://news.mumbai-properties.com/28757/indian-residential-property-prices-rise-15/ http://news.mumbai-properties.com/28757/indian-residential-property-prices-rise-15/#comments Tue, 13 Oct 2009 14:08:20 +0000 Properties News http://news.mumbai-properties.com/28757/indian-residential-property-prices-rise-15/ Is this even realistic in todays climate? First time ever it is seen that Banks are advertising using hoardings and pleading to take loans in metros to buy houses. And on the other hand we see articles that state residential property prices will go up by 15% in an year ... http://news.mumbai-properties.com/28757/indian-residential-property-prices-rise-15/feed/ http://news.mumbai-properties.com/28756/builders-hike-transfer-fee-to-cover-up-for-lean-phase/ http://news.mumbai-properties.com/28756/builders-hike-transfer-fee-to-cover-up-for-lean-phase/#comments Sun, 11 Oct 2009 14:19:46 +0000 Properties News http://news.mumbai-properties.com/28756/builders-hike-transfer-fee-to-cover-up-for-lean-phase/ With property prices in parts of Mumbai having stabilised, some developers who had sold properties during the slowdown are now charging an exorbitant amount as transfer fee. Transfer fee is a one-time payment made to the residential co-operative society when there is a case of transfer of ownership. In cases ... http://news.mumbai-properties.com/28756/builders-hike-transfer-fee-to-cover-up-for-lean-phase/feed/ http://news.mumbai-properties.com/28755/commercial-property-sector-boom-expected-in-india-from-2010-to-2013/ http://news.mumbai-properties.com/28755/commercial-property-sector-boom-expected-in-india-from-2010-to-2013/#comments Sat, 10 Oct 2009 14:39:03 +0000 Properties News http://news.mumbai-properties.com/28755/commercial-property-sector-boom-expected-in-india-from-2010-to-2013/ A surge in demand for office space in India is set to revolutionize the commercial property market by 2013, it is predicted. According to an investment report from consultants Cushman & Wakefield, the pan Indian demand for office space is expected to grow to 196 million square feet. Demand for retail space ... http://news.mumbai-properties.com/28755/commercial-property-sector-boom-expected-in-india-from-2010-to-2013/feed/ http://news.mumbai-properties.com/28754/motilal-oswal-buys-raheja-property-for-rs156-crore/ http://news.mumbai-properties.com/28754/motilal-oswal-buys-raheja-property-for-rs156-crore/#comments Fri, 09 Oct 2009 14:41:42 +0000 Properties News http://news.mumbai-properties.com/28754/motilal-oswal-buys-raheja-property-for-rs156-crore/ Leading real estate developer in the city, K Raheja Universal, has sold off its high-end commercial building Raheja Chromium at Prabhadevi to Motilal Oswal Securities for Rs156 crore. The 75,000 sq ft plus six-storey building would now house Oswals corporate office. The transaction was concluded last week. Jignesh Dedhia of ... http://news.mumbai-properties.com/28754/motilal-oswal-buys-raheja-property-for-rs156-crore/feed/ http://news.mumbai-properties.com/28753/its-boom-time-again-for-home-sales/ http://news.mumbai-properties.com/28753/its-boom-time-again-for-home-sales/#comments Thu, 08 Oct 2009 14:41:33 +0000 Properties News http://news.mumbai-properties.com/28753/its-boom-time-again-for-home-sales/ It took just two hours for DLF, the country’s largest property developer, to sell all the 1,250 apartments in the second phase of its Capital Greens project near the Moti Nagar area of Shivaji Marg (Najafgarh Road) in West Delhi. The project was launched on September 23 and the prices ... http://news.mumbai-properties.com/28753/its-boom-time-again-for-home-sales/feed/ http://news.mumbai-properties.com/28752/holiday-inn-launches-new-property-in-pattaya-thailand/ http://news.mumbai-properties.com/28752/holiday-inn-launches-new-property-in-pattaya-thailand/#comments Tue, 06 Oct 2009 14:31:40 +0000 Properties News http://news.mumbai-properties.com/28752/holiday-inn-launches-new-property-in-pattaya-thailand/ Holiday Inn has launched a new hotel in Pattaya, Thailand. The Holiday Inn Pattaya is a 367-room property and is located along the Beach Road in North Pattaya. All guest rooms and suites offer views of Pattaya Bay and feature ocean-facing balconies and wireless Internet access. According to a report ... http://news.mumbai-properties.com/28752/holiday-inn-launches-new-property-in-pattaya-thailand/feed/ http://news.mumbai-properties.com/28751/realty-check-builders-back-to-promoting-high-end-flats/ http://news.mumbai-properties.com/28751/realty-check-builders-back-to-promoting-high-end-flats/#comments Mon, 05 Oct 2009 14:38:52 +0000 Properties News http://news.mumbai-properties.com/28751/realty-check-builders-back-to-promoting-high-end-flats/ A year ago when the property market stagnated and builders slashed prices, middle-class families hoped that buying a home in Mumbai could at last be a possibility. This aspiration appears to have now receded. Builders who were gung-ho about providing affordable houses'' in the far-flung suburbs of the city till ... http://news.mumbai-properties.com/28751/realty-check-builders-back-to-promoting-high-end-flats/feed/