Godrej Properties sells Puravankara Bangalore plot to Shubh Properties

Godrej Properties Ltd said it has transferred majority ownership in a special purpose unit developing an 18-acre plot in Kanakapura to Shubh Properties Cooperatief U.A. — a joint venture between APG Groep N.V., Sparinvest Property Investors and Godrej Properties Ltd.. The plot was acquired by Godrej Properties (in association with Dutch pension services provider APG) […]

Tata Housing to conduct online real estate exhibition

After registered sales of mobile phones, it’s registered sales of flats. Tata Value Homes, an arm of Tata Housing Development Company, announced India’s first online exhibition for an exclusive audience through a valid invite code. Registrations for this three day event starting 13th to 15th July, have begun on www.tatavaluehomes.com. “With this launch, Tata Value […]

Google, Magicbricks to launch Great Online Home Festival

After the Great Online Shopping Festival, it’s the Great Online Home Festival or GOHF. The ten day long online event, organized by Magicbricks, GroupM and Google – will be held from 18th July till 27th July, 2015. Property stock worth upto Rs. 3000 cr will be available for customers to choose from, Magicbricks said in […]

Fitch cuts outlook on Lodha Developers to ‘Negative’ from ‘Stable’

Fitch Ratings has revised its outlook on India-based property developer Lodha Developers Private Ltd to Negative from Stable saying the real estate major’s reduction of debt has been slower than expected. However, the ratings agency expects improvements in the company’s operating metrics this year. “The Outlook revision reflects weaker-than-expected operating performance for the financial year […]

Indiabulls Asset Mgmt to invest Rs 10,000 cr through real estate funds in 5 years

Just in case you are one of those people who believe that the Indian real estate market still has upside, Indiabulls Asset Management has launched its maiden real estate fund. The Rs 500-cr fund will invest in residential projects in top 5 cities in India. “We plan to scale up our AIF / Co-investment presence […]

Builder argues real estate investment not covered under consumer law

Giving relief to a builder, the National Consumer Disputes Redressal Forum has asked the Punjab State Consumer Disputes Forum to determine whether someone who buys a real estate property without the intention of living in it can be given protection under consumer laws. In a case involving delay in the hand-over of flats, real estate […]

Global real estate firm Hines to invest Rs 1,500 cr in Indian market

Hines, the international real estate firm, has launched a new $250 mln investment vehicle known as Hines India Residential along with an international partner for investment into the Indian housing real estate sector. With offices in 115 cities in 18 countries, and controlled assets valued at approximately $28.2 billion, Hines is one of the largest […]

Reduce home loan rates to 8% – real estate developers

National Real Estate Developers Council (NAEDCO) asked for lowering of interest rates on home loans to 8% and said it would help achieve housing for all by 2022. In a ‘Delhi Declaration’ issued at the end of the two-day national convention, NAREDCO welcomed the government’s commitment to clear various bottlenecks in implementing the policy and […]

Bangalore attracts maximum NRI real estate investment – survey

Indian property developers are anticipating a 35% surge in enquiries from NRI-based purchasers as compared to last year about 18%, even as Bangalore remains their favorite destination, reveals the Associated Chamber of Commerce and Industry of India (ASSOCHAM) latest study. The ASSOCHAM conducted a random survey of nearly 850 real estate developers in Delhi-NCR, Chandigarh, […]