In a first ever realty project based on designs from prospective home buyers in India, Mumbai-Pune developer Kumar Urban development Limited (KUL) today announced the launch of an integrated eco-friendly township in Pune’s IT hub at Hinjewadi.
Nirvana Consultants have launched a specialized portal for the benefit of the candidates as well as companies in Real Estate.
It has always been axiomatic that when financial institutions raise their lending rates, there are bound to be ripples on the highly cost-sensitive Indian real estate market.
India Property Fund, managed by NRI investor Purnendu Chatterjee’s TCG Real Estate and US-based Vornado Realty Trust, is in the final stages of investing Rs 270 crore in two residential developments in national capital region and Mumbai.
TATA Housing Development Co. Ltd. has been awarded CNBC Awaaz Crisil CREDAI Real Estate Award 2011 for Integrated Sub Urban Developer at the 11th National Conference of Confederation of Real Estate Developer’s Association of India in Singapore.
The property market in many Indian cities sees increased activity during festivals like Akshaya Tritiya, which are believed to be auspicious for the creation of wealth and good fortune.
When Rishi Patil bought his first property in Mumbai a decade back, he followed the advice of family astrologer and deliberately waited for 7 months to book the flat on the day of Akshay Tritiya.
In an obvious chain of patronage IL&FS, the company which gets the contract opts for Sanganer project Rajasthan from where Arvind Mayaram’s mother Indira Mayaram has been contesting Assembly elections and Mayaram and family has farmland there.
The IL&FS has LIC of India, State Bank of India, Central Bank of India, HDFC Bank as prominent shareholders. As per the reports IL&FS owned 4.05 per cent stake in Shahid Balwa’s DB Realty.
While everybody, including the Finance Minister seems to be focussing on the affordable housing, the definition of the real estate at the bottom of the pyramid seems to be changing.