Real estate is emerging as a preferred investment asset class in the backdrop of economic uncertainty and rising stock market volatility with over 50% of consumers considering buying a new home in the next six months, showed a JLL India survey. The survey was conducted online covering over 2,500 prospective homebuyers from Mumbai Metropolitan Region, […]
Monthly Archives: July 2020
Real Estate News, Uncategorized
Maharashtra government to build 15,000 flats priced Rs 30 lakh in Goregaon
29
Jul
Jul
MUMBAI: Imagine a flat in Goregaon for Rs 30 lakh when an affordable home in Mumbai is priced at a minimum Rs 1 crore. The first-ever affordable housing scheme in the city under the Pradhan Mantri Awaas Yojana (PMAY) is set to make this a reality. “The bhoomipujan for the scheme will be held in October/November,” said […]
25
Jul
Jul
PNB Housing Finance on Thursday reported 10 percent decline in consolidated net profit to Rs 257.2 crore in the first quarter ended June 30, mainly due to lower disbursement amid COVID-19 pandemic. The housing financier, promoted by Punjab National Bank, had reported net profit of Rs 284.5 crore in June quarter of 2019-20. The company’s net […]
22
Jul
Jul
It is a good time to buy the residential property. People may postpone buying right now but as the situation stabilizes, we expect renewed interest in residential property. The covid-19 crisis has hit the residential real estate sector hard. Prices of properties across some of the costliest cities such as Mumbai have corrected at least 10-15%, according to […]
16
Jul
Jul
65% home buyers back in real estate market: Survey | LiveMint 78% of tenants seek for legal safeguards in rent agreements When people are trying to co-live with the pandemic virus, owning a home is becoming a necessity for safety, according to the survey NEW DELHI : Two out of every third home buyer is now […]
16
Jul
Jul
Embassy proposes to merge 62 mn sq ft into Indiabulls Real Estate | LiveMint Once the merger goes through, Embassy Group and its chairman Jitu Virwani will take control of the combined entity Bengaluru: Embassy Group has offered to merge 61.9 million sq ft of its real estate assets into Indiabulls Real Estate Ltd (IBREL) for a proposed, […]
16
Jul
Jul
Private island off Ireland’s south coast sold for €5.5m via video | The Guardian Horse Island, a 64-hectare retreat in Roaringwater Bay, is part of a bucolic Atlantic region It is a bold example of online shopping during lockdown: buy a private island off the coast of Ireland for €5.5m (£4.9m) without setting foot on it. The wealthy, unnamed […]
14
Jul
Jul
Piramal Enterprises seeks funds to rescue half-built homes | ET Realty India’s real estate market is grappling with a lingering lockdown that’s slowed construction and sharply crimped new sales in an already struggling market Piramal Enterprises Ltd. is seeking new investors including hedge funds to help raise cash and fund working capital for the real […]
14
Jul
Jul
Godrej Group Hikes Stake In Sobha ltd To About 10% | Bloomberg Godrej Group increased its stake in Sobha Ltd. as the diversified Indian conglomerate looks to gain market share. Anamudi Real Estates LLP, wholly owned by the Godrej family, held 9.99% stake in the Bengaluru-based real estate developer as of June compared with 1.08% […]
Real Estate News
Dharavi residents plan to oppose fresh tenders for redevelopment project | ET Realty
14
Jul
Jul
Dharavi residents plan to oppose fresh tenders for redevelopment project | ET Realty Dharavi Redevelopment Committee (DRC), a federation of 52 associations of residents, has requested Chief Minister Uddhav Thackeray to expedite the redevelopment process that’s been in limbo for over 16 years. Dharavi’s residents have decided to oppose tooth and nail any plan by […]