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Demonetization hits real estate builder prices, but not resale flats – report

Demonetization of 500- and 1000-rupee notes hurt the real estate sector in North India, while its impact on the sector in South India was negligible, according to Magicbricks’ PropIndex for Jan-March 2017.The report, brought out by the eponymous real estate classifieds site, also found that the builders were more willing to reduce prices

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Housing.com says demonetization to hit Real Estate sales: re-enters rentals

Anticipating a slow down in home sales in the coming months in the wake of the crackdown on 'black money', housing.com will restart its rental classifieds business soon.The portal, which had seen an ugly spat between founder Rahul Yadav and investors two years ago, had shut its rental listing last year

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Nila Infrastructures gets Rs 43.5 cr order from Adani Shantigram

Nila Infrastructures Ltd said it got a Rs 43.5 cr order from Adani Ports and Special Economic Zone Ltd to construct an office building at Adani Shantigram, located on S.G. Highway, Ahmedabad.The contract envisages overall construction of ground + 13 floors + two basements covering about 300,000 sq. ft. built-up area

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Kolte Patil earns 36% return on Pune real estate project with Portman Holdings

Builder Kolte-Patil Developers Ltd said it had generated an internal return rate of 36% on its Margosa Heights project in Pune, which it co-developed with US-based Portman Holdings."This project sets a unique example of an Indian & an International developer/Investor working in partnership on various aspects of the project to

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K Raheja launches ´Viva´ luxury homes at Pune

K Raheja Corp launched its latest township project ‘Viva’, at Pirangut in Pune.Viva is spread over 77 acres of land and has independent bungalows, twin villas, townhouses, and plots which is located away from the congested main city, the company said.The project's amenities includes cricket pitch, tennis courts, golf-putting zones,

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Kolte Patil targets 20% pre sale growth, 2,500 deliveries this year

Kolte Patil, a real estate builder based in Pune, expects to increase the pre-sales for the current financial year by approximately 20% and is targeting deliveries of around 2,500 units."Uptick in pre-sales is expected to sustain for the rest of the year," company said.Company is also targeting launch of

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Godrej Properties launch new residential project on Ghodbunder Road, Thane

Godrej Properties, one of India's real estate developers, launched its latest project, Emerald, on Ghodbunder Road in Thane.Built over 6.25 acres, the "premium project" offers a total saleable area of approximately 1.35 million square feet, said the company.The first phase of the project will consist of three high-rise residential towers where

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Govt to build 36,254 houses for the poor in Karnataka for Rs 1,468 cr

Ministry of Housing & Urban Poverty Alleviation approved construction of 37,013 cr houses for urban poor in the States of Karnataka and Haryana with an investment of Rs 1,491 cr.An Inter ministerial Central Sanctioning and Monitoring Committee chaired by Dr.Nandita Mukherjee has approved construction of 36,254 houses for economically weaker

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Brigade Group announces new villa project in Devanahalli in Bangalore

Brigade Group, one of the biggest developers in Bangalore, announced a new villa project at Devanahalli, near the 'new' Bangalore Airport.The project, called Atmosphere, offers 4 bedroom signature villas with sizes ranging from 3010 sq.ft to 3410 sq.ft, the company said."The project aims to bring back the concept of courtyard

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