Page 125 - Real Estate

D B Realty raises up to Rs 1,544 crore through convertible warrants

The funds were raised through the issue to the promoter group and investors in two phases in February and March, 2022

Protect Your Dream Home: Know Your Rights

Did you know you can seek a hefty refund if changes in real estate projects affect you negatively? Watch the video to know how >

Sotheby's bags mandate to sell Rs 800 cr worth luxury properties in Mumbai

Property consultant India Sotheby's International Realty on Sunday said it has bagged a mandate to sell Rs 800 crore worth ultra-luxury apartments at Worli in Mumbai. In a statement, India Sotheby's International Realty said it has signed an exclusive sales and marketing mandate with The Residency, Worli, Mumbai that houses 19 ultra-luxury residences. Prime Realty is the developer of this project. These residences are ready with completion and occupancy certificates, it added. The price of these luxury residences starts at Rs 60 crore each. Few units have already been sold. India Sotheby's International Realty has got mandate to sell Rs 800 crore worth properties. The size of each flat is around 5,510 square feet. Amit Goyal, Managing Director of India Sotheby's International Realty, said, "Luxury real estate sales in India's financial capital and its wealthiest city, registered record-setting sales in the first six months of 2023." India Sotheby's International Realty did not

L&T Realty records complete sell-out of 1st residential project in Chennai

L&T Realty, the real estate division of engineering and construction conglomerate Larsen and Toubro, has sold out all the homes in the first phase of its maiden residential project in the city, the company said on Sunday. L&T Realty is engaged in the construction of Avinya Enclave in Manapakkam and the residential project is spread over seven acres. The first phase comprises four towers -- 500 apartments with a mix of two, three and four-BHK residential units. The price of an apartment at Avinya Enclave starts at Rs 90 lakh, a company statement said here. "L&T is a respected brand, and it is a great honour for us to launch our first residential project in Chennai. Proximity to the proposed Manapakkam Metro station and being surrounded by thriving retail and commercial hubs adds to the many benefits that this project has," said L&T Realty CEO and MD, Shrikant Joshi. The project, launched on September 9, is designed to ensure optimal utilisation of open spaces and ...

A massive $188 bn exodus shows China's heft fading in world markets

Foreign holdings of the nation's equities and debt have fallen by about 1.37 trillion yuan ($188 billion), or 17%, from a December-2021 peak through the end of June this year

IPO-bound Signature Global's sales bookings up 32% to Rs 3,430 cr

Realty firm Signature Global, which is launching its maiden public issue on Wednesday, has achieved 32 per cent growth in its sales bookings to Rs 3,430.58 crore in the last fiscal year on strong housing demand. The Gurugram-based Signature Global, which focuses on affordable and mid-income housing segment, had clocked Rs 2,590 crore worth of sales bookings in the 2021-22 fiscal. The company, backed by HDFC Capital and IFC, will hit the capital market on September 20 with its IPO to raise Rs 730 crore. The offer will close on September 22. In July last year, Signature Global filed the Draft Red Herring Prospectus (DRHP) with capital markets regulator Sebi to launch its IPO. The company has fixed the price band at Rs 366-385 per share for its maiden public issue and aims to raise Rs 330 crore from anchor investors. According to the Red Herring Prospectus (RHP) filed recently, the total size of the IPO is up to Rs 730 crore, comprising a fresh issue of shares up to Rs 603 crore and

China's economic slowdown continues, real estate at persistent risk

The US-based news daily reported that the construction sites around China appear visibly less busy and construction of apartment towers has faltered because of falling apartment prices

Gadkari bats for small units, new technology to reduce prices of houses

Union Minister Nitin Gadkari on Friday said shifting focus from large size homes to small units, use of new technologies and construction methods as well as application of innovative construction material will significantly help in reducing the cost of homes. Addressing the 40th Annual General Meeting of the Confederation of Real Estate Developers of India (Credai) Pune Metro, he said there was need for decentralization from 'smart cities' to 'smart villages' that can be connected to cities with an efficient road network. A miniscule percentage of the country's people can afford houses with price tags of Rs 1 crore or more and the country's masses should be at the centre of approach to housing construction, a release quoted Gadkari as saying. He cited examples of how cost of construction for infrastructure projects was reduced by his ministry by applying innovative construction technology and materials, adding the same concepts can be extended to housing construction to reduce price

Wipro inaugurates 75,000-sq-ft office in Jefferson City, Missouri

The 75,000-square-foot office will act as main support centre for some of Wipro's clients in healthcare and government sectors

MahaRERA to introduce an act to monitor quality of homes in the state

It is being done with a view to safeguard the interests of homebuyers to get homes of good quality as promised by the developers

Home sales in Mumbai to cross Rs 1 trillion this year: JLL-Naredco report

In 2030, Mumbai is expected to clock housing sales worth Rs 2 trillion, it added

China's new home prices in August fall at fastest pace in 10 months

China has in recent weeks delivered a raft of measures to boost home buying sentiment, including easing some borrowing rules, and relaxing home purchasing curbs in some cities

Seek refund if alterations in realty project plan affect you adversely

Refund can be sought from the developer even if you had earlier consented to alterations

Kolkata Port floats EoI for commercial development on riverfront lands

The Syama Prasad Mookerjee Port has floated an expression of interest (EOI) for commercial and hospitality projects on riverfront lands in Moyapur, the Noorpur-Hooghly point and Budge Budge in South 24 Parganas district, officials said on Wednesday. The 20.49-acre site at Moyapur is proposed for development of a luxury resort, as it still holds remnants of the old gunpowder magazine built by the British, they said. Records indicate that from June 1, 1803, all ships were asked to store their gunpowder at the new facility in Moyapur, the port's Chairman Rathendra Raman said. He said the project site still has four magazines on the west side, 2 pillbox (guardhouse) on the south and one magazine on the northern side. "The Moyapur magazine site still holds remnants of the old, and exhibits immense potential to be developed as a recreational spot for people of Kolkata and its surroundings, and as a place of historical importance," Raman said. The magazine here refers to an ammunition ..

Indians defy lunar legalities, buy Moon land after Chandrayaan-3 success

UN Outer Space Treaty Prohibits lunar land ownership, but private sellers persist

Home registrations in Pune doubled to 13,000 units in August: Knight Frank

Homebuyers in the age group of 30-40 years constituted the largest buyer segment in Pune with a market share of 55%

Country Garden wins creditors' support to extend repayment of 7 yuan bonds

The firm has left much smaller payments go right up until final deadlines recently, including a combined $22.5 million in interest it paid in the final hours of grace periods ending Sept 5-6

Leasing data shows BFSI sector has bounced back from pandemic lull

The rise in leasing by BFSI companies has been attributed to the return to office and improved domestic financial sector outlook

Real estate most preferred investment choice, gold least favoured: survey

52% millennials & 35% Gen-X respondents will use their investment gains from other asset classes for buying homes in the future.

59% Indians prefer mid, high-range homes despite price rise: Anarock

Mid-range homes, priced between Rs 45 lakh and Rs 90 lakh, are the most preferred