ZoloStays Property Solutions, a co-living and home rental startup, has raised $30 million in a funding round led by existing investor Nexus Venture Partners to fuel its expansion plan. The Series B funding round also saw participation from IDFC Alternatives and Mirae Asset, as media had reported ... Read more...
Shapoorji Pallonji’s real estate arm has sold over 700 flats worth around Rs 350 crore in its ongoing residential project in Pune, reflecting better demand for homes offered by big corporate houses and credible players. The 8-acre project ‘Joyville-Hinjawadi’, launched in May 2018 and is sc... Read more...
The combined effects of the real estate law, the goods and services tax (GST) and demonetisation hurt India’s real estate sector in such a manner that 2017 became one of the worst years for residential real estate. Sector players hoped for better times in 2018. Although some positive signs were vi... Read more...
Piramal Finance, the financial services arm of diversified firm Piramal Enterprises, on April 24, 2018, said it has expanded its housing finance business to Pune, marking its foray into the market. Piramal Housing Finance, the wholly-owned subsidiary of Piramal Finance, has already expanded its hou... Read more...
A report by Colliers Research states that more than 40.0 million sq ft of new supply is scheduled for completion by 2020, which is currently mandatory to qualify for the companies to get income tax benefits in SEZs, it seems unlikely for all the projects to complete construction by then. Most of the... Read more...
Real estate developer Peninsula Land Limited, a part of the Ashok Piramal Group, announced its foray into the affordable housing segment with the launch of its new project `addressOne` located at Gahunje, Pune. Spread across 50 acres, addressOne is strategically located on the Mumbai-Pune expresswa... Read more...
Hyderabad and Bengaluru are at the top two positions in a list of 30 global short-term growth cities, according to property consultant JLL. Indian cities dominated the 'short term momentum ranking' in JLL's latest annual global report City Momentum Index' (CMI) 2018. Pune has been ranked at ... Read more...
A report by ANAROCK Property Consultants says that the Indian residential real estate sector was shattered in 2017 by fewer launches, subdued sales and muted property prices. The sector witnessed an annual decline of almost 50% in new launches and 15% decline in sales across top 7 cities in India. ... Read more...
Pune, with a score of 5.1, has been ranked first, when it comes to local governance, followed by Kolkata, Thiruvananthapuram, Bhubaneswar and Surat, according to the Annual Survey of India’s City-System (ASICS) undertaken for 2017 by non-profit organisation Janaagraha Centre for Citizenship and D... Read more...
Housing sales declined by around 40 per cent last year to 2,02,800 units in seven major cities from the average sales of 2013 and 2014 mainly due to sharp fall in the Delhi-NCR market, according to property consultant ANAROCK. The consultant, in its latest research, analysed housing sales during the... Read more...
