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Runwal group is set to buy Rashtriya Metal Industries (RMI) at Andheri at whooping 180cr.

Publish on : 2018-07-03 12:49:26

City-based luxury real estate company Runwal Group is set to buy over 2.7 acres land parcel of Rashtriya Metal Industries (RMI) at Andheri for a consideration about Rs 180 crore, sources close to the development said. Runwal has signed a memorandum of understanding with RMI to buy the land parcel...

Gurgaon-based Tulip Infratech forms JV with China Construction

Publish on : 2018-05-28 10:44:21

Gurgaon-based real estate company Tulip Infratech has entered into a 50:50 joint venture with China Construction Third Engineering Bureau Co (CCTEB), to undertake highway, high-rise and affordable housing projects. CCTEB is a subsidiary of China State Construction Engineering Cooperation, which i...

The mess in Mumbai’s real estate sector

Publish on : 2018-05-24 11:05:49

The mess in Mumbai’s real estate sector There are barely any vacant plots available in Mumbai unless they are NDZs or disputed properties. Land is scarce in Mumbai which was originally an island city.(HT FILE) The controversy over the allegations against state housing minister Prakash Mehta has o...

Mumbai property prices plunge up to 40%, courtesy RERA

Publish on : 2018-04-25 12:27:36

Land auctions conducted by the City and Industrial Development Corporation in Navi Mumbai last week saw bids lower by as much as 40% compared with those in November. Manohar Shroff, vice-president, MCHI, Navi Mumbai, believes RERA is the primary reason for the bids having come in at such low levels...

PropEquity plans IPO, to time it with housing sector revival

Publish on : 2018-04-12 11:12:57

PropEquity, a real estate research firm, plans to go for an initial public offer (IPO) in the next 2-3 years and is eyeing a valuation of about Rs 1,000 crore. Besides, the data analytics firm is targeting a revenue of Rs 80-100 crore by next 2-3 years, PropEquity's CEO Samir Jasuja told DNA Mone...

Enjoy affordable homes with new real estate reform

Publish on : 2018-03-31 16:43:10

India’s growing population indicates about 100 million affordable homes are required by 2022. High real estate costs, delayed timelines among others have pushed buyers away. Thus, affordable homes, fixing both the demand and supply gap of housing units, and the supply of budget-friendly finance have...

Complete all projects before 2019 polls: Maha CM

Publish on : 2018-03-09 11:16:01

Mumbai Chief Minister Devendra Fadnavis on December 2 asked senior bureaucrats and police officers to draft a plan for completing all pending projects in 2018 and 2019. "Fadnavis wants ongoing projects to be completed before the 2019 Lok Sabha and assembly polls," said a bureaucrat. The CM's O...

Builders can't blame system for delivery delays: MahaRERA

Publish on : 2018-02-22 17:37:21

Mumbai Builders cannot blame the approval system to seek exemption from paying compensation to home buyers for delay in completion of projects, said Maharashtra Real Estate Regulatory Authority in two rulings. The regulator has ruled that the developer is not entitled to recover any money from a...

No possession date, no RERA relief, rules MahaRERA

Publish on : 2018-01-26 16:49:27

Mumbai Maharashtra Real Estate Regulatory Authority (MahaRERA) has dismissed a complaint from a home buyer against India Bull Real Estate Ltd for delayed possession ruling that since no possession date was given by the developer, RERA provisions do not come into play to provide any relief. Hom...

RBI urges states to facilitate affordable housing projects

Publish on : 2018-01-26 16:01:44

RBI urges states to facilitate affordable housing projects