Track2Realty: DTZ has brokered the sale of US Consulate’s Washington House in Alta Mount Road in South Mumbai to Lodha Developers at the rate of approximately Rs. 140,000 per sq meter or USD 28,000 per sq meter.
Track2Realty Exclusive: The last few years have seen a complete transformation in the design of residential apartment complexes all over the country. It is virtually impossible for people to afford single storey or double storey bungalows. Land being very expensive, only a select few can have this luxury.
Track2Realty-Agencies: DLF expects to raise about Rs 2,500 crore by end of this fiscal from sale of its two non-core businesses, luxury hospitality chain Aman Resorts and wind energy, a company official has said.
Track2Realty: DLF plans to reduce its debt from 22,700 crore to 18,000 crore by March, by selling non-core assets as well as stake in the company.
Track2Realty: MCHI-CREDAI property expo kick started on Thursday, Nov 1, at BKC grounds, Mumbai, featuring over 15,000 properties with over 120 developers participating. Axis bank is the co-organiser of the exhibition.
Track2Realty: Supertech today announced tie up with hospitality chain The Leela Palaces, Hotel and Resorts for management of its luxury hotel in Noida that is being developed at an investment of Rs 450 crore.
Track2Realty: Mumbai-based developers will have to finally pay 5 per cent Value Added Tax (VAT) to the Maharashtra Government. The Bombay High Court has dismissed a petition filed by MCHI-CREDAI that challenged the levy.
Track2Realty: Central Bank of India is looking ahead to cloak a total business of Rs 10,000 crore from home loan segment. The bank has been aggressively targeting prospective home seekers through its various initiatives.
Track2Realty: Office space absorption witnessed a 14% q-o-q decline during the 3rd quarter of 2012, according to the findings of CBRE’s latest report, India Office Market View Q3, 2012. Prime office space absorption across the 7 key cities reviewed decreased to about 6 million sq ft in the third quarter, compared to more than 7 million sq ft in the previous quarter.
Track2Realty Exclusive: Young professionals in metro cities are no longer the demand drivers of residential property. More than half of them, as many as 57%, say they would prefer to stay in rented apartment and instead invest in their tier-II and tier III city home town for better appreciation potential. 78% of those working professionals with double-income who have bought a house in metro now want to invest in their home town for second home.