Ajay Piramal-backed Piramal Fund Management’s ‘Indiareit Fund V’, has exited its investment in Bengaluru-based developer Skylark Mansions for an undisclosed amount. Piramal’s Indiareit Fund V had invested Rs 36 crores in Skylark Mansion in … READ FULL STORY
The Centre on December 28, 2019, approved construction of 6.5 lakh houses under the Pradhan Mantri Awas Yojana (Urban or PMAY-U), taking the total number of houses being funded under the scheme to over … READ FULL STORY
Affordable housing is a sector that has come into its own over the past few years. This is largely due to several government initiatives, including the granting of industry status to affordable housing, the … READ FULL STORY
India has nearly 11.09 million vacant urban housing units, of which 10 states and union territories (UTs) contribute to 78% (8.64 million) of total vacancy levels, says a report titled ‘Institutionalising the Rental Housing … READ FULL STORY
The Draft Model Tenancy Act will soon be sent to the union cabinet for approval and will be circulated to the states, Durga Shankar Mishra, secretary, Ministry of Housing and Urban Affairs said, while … READ FULL STORY
The Housing and Urban Affairs Ministry’s budgetary provisions were pegged at Rs 48,000 crores in the Union Budget 2019-20, a hike of nearly 12% from 2018-19. The Pradhan Mantri Awas Yojana (Urban), an ambitious … READ FULL STORY
Peninsula Land Limited, a part of the Ashok Piramal Group, on May 7, 2019, announced that it has sold over 1,200 apartments at its affordable luxury project, ‘addressOne’, in Gahunje, Pune. The value of … READ FULL STORY
Mumbai recorded the third-highest growth in annual household incomes at 20.4% over a five-year period from 2014 to 2018, according to the inaugural issue of Knight Frank’s global report, ‘Urban Futures’. The growth in … READ FULL STORY
The Maharashtra government, on March 8, 2019, approved a Rs 1,722-crore budget for Pune Metropolitan Region Development Authority (PMRDA), more than half of which will be spent on metro rail and a ring road. … READ FULL STORY
Peninsula Land Limited, a part of the Ashok Piramal Group, on February 12, 2019, announced the launch of the second phase of addressOne Central Park in Gahunje, Pune, where it plans to develop over … READ FULL STORY
Divyata Kalhans Account director, Mumbai I have purchased a property in Jaypee Krescent homes, Noida, for which I opted for a home loan. I am disappointed with this budget, as there is no change … READ FULL STORY
Before every annual budget, the real estate sector trots out a highly optimistic (and unrealistic) wish-list to the Finance Ministry. Whether the industry actually expects the upcoming budget to cure all its woes, with … READ FULL STORY
Traditionally, property investment has been viewed as a safe and stable long-term asset in India. It is often an emotional decision for Indians and is perceived as an indication of one’s status and wealth … READ FULL STORY
