Bengaluru-based Prestige Estates Projects has stepped in to take over a project in Mumbai’s Mulund suburb by cash strapped Ariisto Developers, which will benefit 350-400 homebuyers and lenders to the stuck project. The committee of creditors representing the lenders had approved a hybrid plan wher... Read more...
The family of builder Pankaj Shah of Satellite Group has ceded control of its uber luxury residential tower, Sesen, at Nepean Sea Road to Pune-based VTP Group.However, the planned 66-storey tower remained stuck as Satellite was unable to procure further building permissions and had to pay back a Rs ... Read more...
Apr 2021 ,
by Realty Plus in Realty Spotlight
Runwal Group, announced the launch of a new tower ‘Broadway’ in their project Runwal Avenue at Kanjurmarg East, Mumbai. Intended to offer a world class lifestyle inspired by international standards, it will offer a smart lifestyle with a blend of connectivity, conveniences and comforts. Runwal... Read more...
Apr 2021 ,
by Realty Plus in News/Views
HDFC chairman Deepak Parekh’s wife has bought an apartment worth Rs 50 crore in Mumbai, the latest high-value residential deal in India’s financial capital. The property in the name of his wife Smita D Parekh was registered on April 9, 2021, registration data accessed by Zapkey.com showed... Read more...
Apr 2021 ,
by Realty Plus in News/Views
Water taxis will soon be an essential part of the city's public transportation system as 12 new routes are to be set up across Mumbai by May. Union Minister Mansukh Mandaviya informed on 7th April that the water taxi services will be launched on 12 routes including from Domestic Cruise Termin... Read more...
Apr 2021 ,
by Realty Plus in News/Views
Batilogistic and Lodha sign a deal of INR 106 Cr to develop 30 acres land parcel at Palava Industrial and Logistics Park for FM Logistic India, with a total development potential of around 1 million square feet of warehousing space. This agreement is strategically signed to catalyse the job market i... Read more...
Apr 2021 ,
by Realty Plus in News/Views
The second wave of coronavirus pandemic notwithstanding, property registrations in Mumbai have swelled to 17,091 as the unprecedented rush among the homebuyers continued in the backdrop of all-time low home loan rates, attractive price discounts and reduction in stamp duty charges. Real estate ex... Read more...
Mar 2021 ,
by Realty Plus in News/Views
Buoyed by a cut in stamp duty along with resurgence in realty demand, housing sales in Mumbai in March 2021 increased 234 per cent over the same period last year, showed recent report. While March 2020 noted registrations of 3,798 units, March 2021 saw 12,696 units being registered, said the Kni... Read more...
Mar 2021 ,
by Realty Plus in News/Views
Mahindra Lifespace Developers has entered into an agreement for sale with the land owners for acquisition of 10.3 acres land parcel situated at Kalyan, Mumbai. This new project will offer approximately 7 lakh sq ft of carpet area and is expected to be launched in FY22. This is company's second resid... Read more...
Mar 2021 ,
by Realty Plus in News/Views
Knight Frank India, the leading real estate consultancy in the country, today noted that Mumbai recorded a historic surge in property registrations driven by home sales in the last month of the lower stamp duty window that began on 1st September 2020 and closes on 31st March 2021. The euphoria amo... Read more...