Godrej Industries partners with Godrej & Boyce and Godrej Properties to develop Vikhroli property via a new SPV, potentially before the Urban Land Ceiling Act is repealed.
MCHI's Property 2009 exhibition in Mumbai showcases properties from 75+ developers. Co-organized by SBI, it features financing offers for aspiring homeowners in Mumbai, Thane, Navi Mumbai, and Pune.
Tata Housing launches 'New Haven' with 1,300 affordable apartments starting at ₹12.73 lakh in Mumbai, expanding its affordability drive in the housing sector.
Global retail slowdown hits high-street rentals, Mumbai worst affected with 63.5% decline
Mafatlal Industries plans to sell an 85,000 sq ft property in central Mumbai to revive its operations, with bidding expected to start soon.
Mumbai developers are focusing on premium residential properties as the market recovers, with high-value transactions ranging from Rs 5 crore to Rs 35 crore.
Real estate prices are unlikely to rise in the next six months, with a significant increase in residential property sales expected, according to Niranjan Hiranandani of Hiranandani Group.
Oberoi Constructions plans IPO launch in Q1 next financial year to fund growth
Tata Housing engages in initial discussions with Sequoia Capital and Atlanta Equity to secure funding for affordable housing projects, attracting investor interest with low-risk opportunities.
Lodha Developers offers Rs 710 crore for a 10.3-acre NTC mill land in Mumbai, potentially the largest real estate deal of the year.
Lodha Developers' bid for Finlay Mill property in Mumbai not cleared due to low offer
Mumbai flat prices predicted to drop further, brokers advise waiting. Developers disagree, stating prices have stabilized after a 5-20% decrease.
The global economic slowdown has led to increased vacancy in prime commercial districts, including Mumbai's Nariman Point. The trend is similar in other major cities like New York and Chicago.
QVT Financial LP opposes Hirco Plc's merger proposal with Hiranandani group subsidiaries, stating it benefits Hiranandani at the expense of Hirco shareholders.
Public sector banks' interest rate cut for home loans up to Rs 20 lakh may induce some buying in the property market, but developers and experts believe it's not enough for a major boost.
DLF Vice-chairman Rajiv Singh on portfolio gaps, interest rates, and market challenges
Mumbai developers consider halting new residential projects due to market slowdown, impacting sales and leading to job cuts in the construction industry.
Centrum Broking predicts a 30-35% decline in India's residential property prices, with Mumbai expected to fare better, possibly experiencing a reduction of 20-30% by April 2009.
Potential home buyers may find deals in April-May as developers face pressure to sell unsold stock at lower prices due to financial crunch.
Leading real estate developers in Mumbai unanimously agreed to reduce home prices by 10-12% during a recent meeting at the Grand Hyatt Hotel.
A Supreme Court ruling allowing increased Floor Space Index for old buildings in South Mumbai opens redevelopment opportunities, potentially impacting property prices and infrastructure.
Nirmal Lifestyle partners with American Tennis Association for US Open-branded amenities in Indian projects
Goel Ganga group expands, delivering 10,000 flats in 3 years, investing Rs 5,000 crore in Pune, Bangalore, Mumbai, and Nagpur, with new hospitality ventures.
NRI investment in Indian real estate is booming, driven by strong remittances and the market's stability. Major developers are witnessing a significant increase in NRI sales, particularly in cities like Mumbai, Ahmedabad, and Goa.
Mumbai suburbs to see 10-20% property price drop by March 2009, Jones Lang LaSalle Meghraj predicts, citing excess supply beyond Borivali, Thane, and Navi Mumbai.