Less launches, pragmatic marketing, innovative packages, product bundling and online brand promotion, the real estate developers in Mumbai are leaving no stone unturned to beat the inflationary pressure.
Housing Development Finance Corp, India’s largest mortgage lender, plans to raise its fourth property fund from overseas investors, said two people close to the development.
Mumbai-based Godrej Properties Ltd has entered into an agreement with associate company Godrej and Boyce (G&B) for the development of the latter’s large land holdings in the eastern part of Mumbai.
Service Tax Commissioner Sushil Solanki has clarified that developers will have to file their service tax returns.
Singapore-based Ascott Group, which operates serviced residences across the world, is finally opening its doors to India.
Mumbai continues to be the costliest property market in India but the sales graph show this price rise has started taking its toll on the sales figure.
Lodha Developers Ltd is raising Rs.825 crore to buy back debentures issued to Deutsche Bank. Analysts believe Lodha risks losing prime land in Mumbai if it doesn’t purchase the debentures.
More than 500 real-estate projects worth over Rs.3,000 crore will be on display at a property show organised by Gujarat Institute of Housing and Estate Developers (GIHED).
Armed with a self regulatory code of conduct for developers, the Maharashtra Chamber of Housing Industry (MCHI) will showcase over 15,000 properties in its exhibition from October 6 to 9, 2011.
Union minister for housing and urban poverty alleviation Kumari Selja has said that the Centre is expected to bring the real estate regulator bill in the winter session.