Along with the resale homes market, luxury housing took the hardest hit after demonetization. The Government’s continued focus on affordable housing coupled with the surgical strike on high-value currency denominations in November 2016 took the sheen off luxury housing for two years in a row. As a... Read more...
On Tuesday 16th April 2019, Gera Developments Pvt Ltd had contested in a Pune district court, Godrej Properties Ltd’s use of the term ‘ChildCentric’ for promoting its project at Noida as a trademark infringement. It was pointed out in the suit that Gera had registered the trademark in 2008.... Read more...
On the backs of the recently heightened ‘Main BhiChowkidar’ initiative, prominent real estate consultancy firm, Sai Estate Consultants Chembur Private Limited has drawn inspiration from this to deliver a message. Their latest campaign seeks to assure the masses of their promise to be their chowk... Read more...
Pune, one of the cities selected under Smart Cities Mission, is still very much a work in progress. The citizens, authorities and the infrastructure & real estate sector of Pune will have to work in tandem to rise above the obstacles. Text: Sreyasi Maity Already a manufacturing powerhouse, a h... Read more...
Realty+ takes stock of the top performing cities in India in terms of residential real estate sales and the trends driving these sales figures. The real estate sector facing a consistent slowdown and dipping sales gets a ray of hope in the recently announced Interim budget that may benefit property... Read more...
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...
