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Indian Real Estate News : Mumbai
With a population of around 19 million people, Mumbai and its suburbs encompasses one of the biggest urban agglomerates in the world, which is only second to Tokyo. The population of Mumbai is increasing at a massive rate ... more
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RBI’s balancing act cheers realty by and large
Source: The Times of India, Mumbai May 13, 2013
A marginal rate cut may not have any significance on the macro-economic indicators of the country but still goes a long way in improving the sentiments of the market, by and large. Hence, when the Reserve Bank of India (RBI) cut its policy interest rate by 25 basis points on May 3, 2013... ... more
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Oberoi Realty, Bulgari hotel talks fall through
Source: ET Bureau Feb 12, 2013
Mumbai will have to wait a while longer for its ultra-luxury Bulgari hotel, as talks between the Italian hotel brand and Oberoi RealtyBSE 2.00 % have fallen through. ... more
Tag: property buying in india, real estate trends, property of india, real estate in india, mumbai properties
Morgan Stanley may invest up to Rs 9-10 billion in Mumbai office development: Sources
Source: ET Bureau Feb 08, 2013
The global real estate fund of Morgan Stanley is in talks with the Wadhwa Group to invest Rs 9 billion to Rs 10 billion($168-$186 million) in an office development in Mumbai, three sources familiar with the matter told Reuters. ... more
Tag: property buying in india, real estate trends, property of india, real estate in india, mumbai properties
Lodha gets overwhelming response for posh project
Source: PTI Jan 28, 2013
At a time when property prices in Mumbai are not showing any signs of decline despite low sales, Lodha Group today said it has received 1,300 applications from prospective buyers for an upcoming realty project, which is more than double the number of units up for sale. ... more
Tag: property buying in india, real estate trends, property of india, real estate in india, Lodha, mumbai properties
Real estate developers using canny branding to lure address-conscious buyers
Source: ET Bureau Jan 16, 2013
If dress and address matter to you, real estate developers may not be able to do much about the former but they can sure give you an address that may make even the boondocks appear like New York's Fifth Avenue - at least on paper. ... more
Tag: india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai
Mumbai-based Lodha Group to sell Lower Parel project through IPO model
Source: ET Bureau Jan 07, 2013
An initial public offer for buying residential apartments? Yes, you've read it right. The Mumbai-based Lodha Group is using an innovative IPO allotment-like automated algorithm system to sell apartments at its latest 17.5 acre premium project at Lower Parel in central Mumbai. ... more
Tag: india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai, Lodha Group
HDFC Bank likely to buy office space in Lower Parel for Rs 220 crore
Source: ET Bureau Jan 04, 2013
In one of the largest outright office space deals, HDFC Bank is close to buying nearly 1.3 lakh sq ft of commercial space spread over four floors in Peninsula Business Park at Lower Parel in central Mumbai, according to persons who are involved with the transaction. ... more
Tag: india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai, HDFC Bank
Bayer set to sell off Powai HQ for over Rs 90 crore
Source: TNN Dec 27, 2012
German agrochemical major Bayer Group is in advance talks with Hiranandani Group to sell its current headquarters, Bayer House, in Hiranandani Gardens, Powai. ... more
Tag: india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai, Bayer Group, Powai
Kanakia to invest funds from Cinemax stake sale in realty subsidiary
Source: ET Bureau Dec 20, 2012
Kanakia Group, which recently sold its entire stake in multiplex chain Cinemax IndiaBSE 1.19 % for nearly Rs 400 crore, plans to infuse the funds into its realty arm Kanakia Spaces ... more
Tag: india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai
Anil Ambani's Reliance Group, China's Dalian Wanda Group to form joint venture
Source: PTI Dec 13, 2012
Anil Ambani-led Reliance Group on Thursday signed an agreement with China's retail player Wanda Group to set up a joint venture for building integrated township projects in India. ... more
Tag: india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai, Reliance
Piramal Realty-Famous Studio joint development pact may get called off
Source: ET Bureau Dec 12, 2012
The proposed joint development agreement between Piramal Realty and owners of Famous Studio at Mahalaxmi in south Mumbai may get called off, said persons familiar with the development. ... more
Tag: india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai, Famous Studio, Piramal Realty
Citibank’s flat in Mumbai sells for Rs 28 crore
Source: TNN Dec 08, 2012
When in 2008, leading foreign bank Citibank put its flat on sale, actor Vinod Khanna had emerged as the highest bidder with a record bid of Rs 1.20 lakh a sq ft for the 2,550 sq ft flat in Malabar Hill's IL Palazzo building. Khanna's deal did not go through, but five years later the same flat has been sold at a difference of just about Rs 7,000 asq ft to Rs 10,000 a sq ft. ... more
Tag: india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai
Mumbai records maximum growth in retail rent globally
Source: PTI Nov 19, 2012
Mumbai has witnessed the highest growth in retail rentals globally with city's Colaba Causeway recording 75 per cent jump in rents over the last year, according to the report by property consultant Cushman & Wakefield. ... more
Tag: india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai
Voltas puts South Mumbai office building on block
Source: ET Bureau Oct 30, 2012
Tata Group Company Voltas has put one of its prime office buildings at Fort in south Mumbai on block. The building with total built-up space of nearly 27,000 sq ft is constructed on freehold land with marketable title, the company said in a newspaper advertisement on Tuesday. ... more
Tag: india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai, Voltas
Mumbai realty market sees upward trend in on-going festive season
Source: PTI Oct 28, 2012
The Mumbai realty market, one of the leading property market in the country, is witnessing an upward trend during the ongoing festive season after a long spell of slowdown owing to lack of approvals, high interest rate, price escalation and general downtrend in consumer demand. ... more
Tag: india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai
MCHI-CREDAI property expo to showcase 15000 properties
Source: ET Bureau Oct 25, 2012
Enriching the house-hunt experience, developer body MCHI-CREDAI has embarked on an ambitious four-day property exhibition from November 01, 2012 showcasing flats, bungalows and commercial offering from across Mumbai city and the Mumbai Metropolitan Region. ... more
Tag: Indian real estate, property in india, Real estate in mumbai, property in mumbai, apartments in mumbai
Mahindra Lifespaces plans low-cost houses in Mumbai, Chennai
Source: PTI Oct 16, 2012
Mahindra Lifespaces Developers plans to enter affordable housing segment with projects in cities like Mumbai and Chennai. ... more
Tag: india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai, real estate in Chennai, Mahindra Lifespaces Developers
Omkar Realtors in talks with Kolkata’s forum for luxury residential project off Bandra-Kurla Complex
Source: ET Bureau Oct 09, 2012
Mumbai-based Omkar Realtors & Developers is in advanced talks with Kolkata based Forum Projects to enter into a joint venture to develop a 2-lakh sq ft super luxury residential project off Bandra-Kurla Complex ... more
Tag: Indian real estate, property in india, Real estate in mumbai, property in mumbai,Bandra-Kurla complex, Forum Projects
High Court allows Rahejas to submit two documents in Mumbai land case
Source: ET Bureau Sep 27, 2012
The Bombay High Court on Thursday rejected 12 out of 15 additional documents and evidences submitted by developer Ferani Hotels to support its claim that Nusli Nevil Wadia is not a fit administrator for the 460-acre land parcel in Malad, a Mumbai suburb. ... more
Tag: Indian real estate, property in india, Real estate in mumbai, property in mumbai, Raheja
How The Wadhwa Group has redefined design and luxury through residential complex 'The Address'
Source: TNN Aug 15, 2012
The Address is an iconic residential complex in Ghatkopar (W) through which The Wadhwa Group has redefined benchmarks in design and luxury that are at par with world-class standards There are buildings comprising the usual bricks and mortar, and then there are structures which can be truly classified as landmarks built out of sheer passion; spaces of luxury which meet world-class standards in terms of design and architecture. ... more
Tag: Indian real estate, property in india, Real estate in mumbai, property in mumbai, wadhwa group
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