Lodha bags biggest deal! 6 acres at Rs 4053 crore
A six-acre government plot in an upcoming southern Mumbai neighbourhood fetched the highest bid of Rs 4,053 crore from the Lodha Group on Tuesday, setting not only an all-India record, but reaffirming land-starved Mumbai’s numero uno position in the property market. While Mumbai has few open spaces like parks and playgrounds compared to other leading [...]
Read moreResidential Buyers on the Rise
Aggressive pricing and festival season discounts are beginning to draw home buyers in the Greater Hyderabad Municipal Corporation (GHMC) area, including surrounding municipalities and satellite townships. With the market correcting by nearly 30-40 per cent depending upon the location, be it core city area or peripheries, buyers have begun to not only evince interest but [...]
Read moreRetail sector demands Industry Status
Barely recovering from the slump in the economy, organised retailers in the country today said the sector should be given industry status, besides easing foreign investment norms in the forthcoming Budget. “Industry status has been a long standing demand of the retail sector. Besides we also want a relaxation in the foreign direct investment (FDI) [...]
Read moreIndian Real Estate Sector Recovery
It’s at the cusp of a recovery, but India’s usually aggressive real estate sector is being cautious about expansions this time. Excesses by large realty firms—such as aggressive land buying, massive projects with long gestation periods, and venturing into new territories such as power and logistics—as well as the downturn had pushed the sector into [...]
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