INDIA REAL ESTATE TRACKER

Prominent residential projects in Kanjurmarg

Leading developers have launched projects in Kanjurmarg. These projects come with lifestyle amenities such as clubhouses, swimming pools, greenery, shopping arcades, among other features. Even the interiors of these apartments have modular kitchens, Italian flooring and other value added features. According to Jay of Yash Properties, “Kanjurmarg West is clearly more up market than East. [...]

Bangalore developers expand operations in Chennai

With the overall size of the housing market growing every year, it is the turn of property developers to enhance their area of operation in neighbouring states. The companies which went public a few years ago are now compelled to enlarge their operations across the country. In Chennai alone, around ten Bangalore developers are operating [...]

Xander Finance invests Rs 70 crore in Ajmera’s Times Square Project

Xander Finance, the Indian NBFC (non-banking financial company) arm of the global investment firm Xander Group, has invested Rs 70 crore or $14 million in an office & retail project, being developed by the realty firm Ajmera Group. Christened as the Times Square, the grade A office & retail project is located in Andheri East [...]

My Home plans Rs 500 cr project in Hyderabad

Hyderabad-based real estate company My Home Constructions is planning to build a 450-apartment residential complex at Hitec City here with an investment of Rs 500 crore. The project, aimed at high net worth individuals, would come up on five acres. “We will announce the project next month, and it would be completed in the next [...]

Red Fort Capital invests Rs.150 crore in 3C project

Private equity firm Red Fort Capital Advisors Pvt. Ltd has invested Rs.150 crore in a residential project conceived by the 3C Company in Gurgaon, a suburb south of New Delhi, its latest offer of funding to the real estate developer. 3C, which is based in Noida, east of the Capital, plans to develop premium apartments [...]

Biggest Chennai malls to come up in Velachery

Chennai’s shopping landscape is set to change with a sprawling two million-square feet mall coming up near Guru Nanak College in Velachery. Mumbai-based mall developer Phoenix Mills, which is promoting the shopping plaza — christened Chennai Market City — said at that size it would be the biggest mall in the city, toppling Express Avenue, [...]

Govt may allow residential projects along expressways

The highways ministry is mooting the proposal to allow residential and commercial complexes to come up close to the expressway alignment and the first such model could be tried on the Delhi-Jaipur stretch. However, while government will acquire the land for construction of expressways and allied facilities along the stretches, private players will have to [...]

Rapid real estate development in Balewadi

A few years ago, Balewadi was nothing but barren land. As the neighbouring areas like Baner and others were costly, Balewadi became a logical extension for the budget home buyers. However, after the Commonwealth Youth Games of 2008 the area has become a popular location among the ones looking at buying luxury homes too. With [...]

Apartment rating tool soon in Mumbai

Apartment rental hunters in Mumbai will soon have a free online rating tool to judge whether a particular apartment is right for them. Rentenna, which offers an interactive apartment building scoring engine to New York City (NYC) renters, is planning to expand its services to Mumbai. It is currently in talks with a couple of [...]

Realty check: Mumbai slips off list of 10 most expensive office spaces

For the first time in six years, Mumbai’s Nariman Point has been dropped from the list of top 10 global commercial rentals. The commercial business district, which was the eighth most expensive office space in the world last year, has now slipped to 15th position. According to a report by real estate consultants Cushman & [...]