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Tata Realty frontrunner to buy Chennai land for Rs 500 crore.
Publish on : 2018-10-31 13:05:24
BENGALURU|MUMBAI: Tata Realty and Infrastructure Ltd (TRIL) has emerged as the frontrunner to acquire a 22-acre land parcel in Chennai from Xander Investment Management and Realvalue Promoters for about Rs 500 crore, two people aware of the development told ET.  If TRIL clinches the deal, it will...
Oberoi Realty Q2 profit more than doubles
Publish on : 2018-10-25 11:20:57
Realty developer Oberoi Realty NSE -3.46 % has reported nearly 105% on-year rise in consolidated net profit at Rs 213.83 for the quarter ended September.  Total income for the quarter also grew 101% to Rs 619.78 crore, the company said in its regulatory filing.  The company earned revenue worth R...
Building home in Mumbai costliest at Rs 3,125 per sq ft
Publish on : 2018-10-19 12:25:23
Cost of construction for a residential apartment in a mid-rise building in the city is the highest among the top urban centres in the country at Rs 3,125 per sq ft, according to a report.  Delhi and Pune came a close second in average cost of construction at Rs 2,750 per sq ft, followed by Chennai...
Institutional investments in Indian realty touch $4 billion in 2018 so far: Report
Publish on : 2018-10-10 13:28:12
MUMBAI: Indian real estate has attracted over $4 billion investments from institutional investors in the year 2018 so far. Average deal size for these investments also crossed $150 million mark, the highest in the last five years, showed data from KPMG India. Institutional funding has increasing...
Godrej Fund Management eyes Gurgaon plot
Publish on : 2018-10-05 14:22:50
BENGALURU|MUMBAI: Godrej Fund Management, real estate private equity arm of the Godrej Group, is in talks with Pankaj Munjal-promoted Hero Cycles to buy a four-acre plot along Golf Course Road in Gurgaon for nearly Rs 600 crore, said two people aware of the development. “Hero has been looking to...
Cidco violates MahaRera rules; advertises housing projects without registration
Publish on : 2018-09-21 11:23:23
MUMBAI: In a major violation of MahaRera norms by a state agency, Navi Mumbai town planning authority Cidco has advertised its recently launched housing projects without registering them with Rera. City-based consumer body Mumbai Grakah Panchayat (MGP) has filed a complaint with the MahaRera see...
Home Credit Leases 1.5 lakh sqft at Empire Tower in Navi Mumbai
Publish on : 2018-09-14 11:13:13
Non-banking financial company Home Credit India Finance has picked up around 1.5 lakh sq ft of office space on lease in Reliable Group’s commercial project Empire Tower in Navi Mumbai’s Airoli locality, said two persons familiar with the development. The total lease tenure is five years includin...
Supreme Court stays construction in some states, UTs till they frame policy on waste management
Publish on : 2018-09-08 11:59:27
The Supreme Court today castigated some states and union territories for "pathetic" attitude in not framing proper policy on solid waste management and stayed further constructions there till they brought it out. Slapping varied fines on some state governments and union territory (UT) administra...
SEZ space accounts for 22% of the total office stock in India: CBRE Report
Publish on : 2018-09-01 13:58:02
BENGALURU: Special economic zone accounts for about 22% of the total office stock in India across seven leading cities with Bangalore, Chennai, Delhi-NCR and Hyderabad housing almost 77% of this SEZ stockOverall. The technology sector dominated SEZ space take-up with over 60% space absorption in...
MahaRERA to decide on deals done under earlier law, too
Publish on : 2018-08-29 11:18:25
Mumbai: The Maharashtra Real Estate Authority (MahaRERA) has established its jurisdiction over agreements registered under the Maharashtra Ownership of Flat Act (MOFA) that existed before RERA’s implementation in May 2017. In a matter related to delay in delivery and compensation for the same, a...

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