MUMBAI METROPOLITAN REGION
Piramal Realty to invest Rs 3,500 crore in 3 years to develop mid-market projects in Mumbai
The real estate development arm of the Piramal Group, is planning to invest over Rs 3,500 crore to develop residential projects in Mumbai Metropolitan Region (MMR) over the next 3 years with significant focus on mid-market segment, said a top company official.
Share of high-rise launches at all-time high of 52% in 2019: Report
With G+20 floors the new normal in the region, Mumbai is closing in on ot...
Flamingos, humans can co-exist: Uddhav Thackeray on Trans Harbour Link
Speaking after launching the first of the over 10,000 girder segments ...
Lateral entry plan for government company worries foreign bidders
City and Industrial Development Corporation (CIDCO), the builder of Navi Mumbai Metro had floated a tender for choosing an operator for Line-1 of the project in December 2018.
Indian real estate attracts $5 billion PE in 2019, commercial projects lead: Report
Indian commercial real estate retained its Numero Uno position and continued be a preferred destination for global institutional investors in the backdrop of robust office space take-up, falling vacancy levels and rising rentals.
Around $8.7 billion Mumbai region’s realty loans severely stressed, double of NCR, report
The NCR real estate market has so far received total loans worth $23 billion from banks and non-banking finance companies (NBFCs) and housing finance companies (HFCs). The liquidity crunch in the country’s top 2 real estate markets – MMR and NCR - is unrelenting.
The reality of home sales
Interestingly, 20 of these cities reported a growth in sales. Also, prices remained stable across tier 1 and tier 2 cities compared with the year-ago period.
"Indian cities to add 100 new malls by 2022-end," says Anarock MD & CEO
According to MD & CEO of Anarock Retail, Anuj Kejriwal, top seven cities in India will see 69 new malls spread over 35.5 mn sq.ft. area while the remaining 31 malls over 13.5 mn sq.ft. will come up in tier 2 & 3 cities. East India will see a much more modest supply of seven new malls spread over approximately 3.5 mn sq. ft.
AIIB plans $2.5 billion investment in India’s metro, road projects
AIIB may invest $400 million each in the two metro projects. In Bangalore, it has decided to invest $350 million. AIIB is in advanced talks with different nodal agencies, including Chennai Metro Rail and the Mumbai Metro Rail Corp. The investment is likely to boost New Delhi's Smar City initiative.
Shiv Sena's Gordian Knot: Impact of diluting ideological purity for power
Shiv Sena needs to guard against any perceived surrender of its sovereignty.
Mumbai likely to get biggest pie of Rs 25,000 crore realty bailout package
Experts believe MMR will get the maximum resolution through govt’s Rs 25k-cr stress fund.
Govt’s realty stress fund for stalled projects may aggravate demand-supply imbalance, says report
According to the ratings agency, it is expected to benefit some real estate-focused NBFCs and housing finance companies by reviving viable projects that were classified as non-performing assets (NPAs).The move is likely to protract market consolidation in favour of Grade I players as supply from non-Grade I players come on stream.
South cities housing absorption slumps, Pune and MMR race ahead
As the residential slowdown hits, usually resilient southern markets show signs of slowing down, while the Mumbai and Pune regions have jumped ahead by 33 percent.
PE funds pump $3.8 billion into Indian real estate
Foreign private equity funds continued to dominate the real estate investment scene.
Lodha Group sells properties worth Rs 3,300 crore in April - September
Out of the total sales, around 97 per cent came from residential segment, and rest from commercial segment.
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