According to a study by property consultants Knight Frank, homes launches in 2017 plummeted by a staggering 78 per cent to 1,03,570 units. The peak of the realty boom in 2010, saw as many … READ FULL STORY
According to a survey by Cushman & Wakefield, the net absorption of office space in 2017 dropped by seven per cent to 30.57 million sq ft, as compared to 32.85 million sq ft in … READ FULL STORY
Altico Capital, a non-banking finance company, promoted by Clearwater Capital, Abu Dhabi Investment Council and Varde Partners, recently deployed Rs 1,250 crores across five deals in Hyderabad and Pune. This includes Rs 500 crores … READ FULL STORY
The Bombay High Court, on November 23, 2017, asked the promoters of Pune-based DSK Builders, to provide a proper plan, for refunding the depositors. Justice Ajey Gadkari was hearing the anticipatory bail applications of … READ FULL STORY
Pune-based real estate developer DS Kulkarni (DSK), battling allegations of financial irregularities, on November 21, 2017, said that the firm was ‘confident’ of paying the returns to fixed deposit holders, who have accused it … READ FULL STORY
According to a study by real estate developers’ body CREDAI-MCHI, the supply of affordable homes increased by 27 per cent to 26,081 units across eight cities, during January-September this year, as against 20,485 a … READ FULL STORY
Pune DCP (cyber & economic offence wing), Sudhir Hiremath, has said that the Pune police had written to banks and asked to freeze around 70 accounts of the real estate group, DS Kulkarni. Meanwhile, … READ FULL STORY
The financial capital of India recorded real estate investments of USD 1.74 billion, from July 2016 to June 30, 2017, placing it on 81st position in global cities at attracting funds, property consultant Cushman … READ FULL STORY
The Supreme Court, on October 12, 2017, took strong exception to the Sahara Group writing a letter to the Pune police, raising the issue of law and order at its Aamby Valley property, which … READ FULL STORY
Shapoorji Pallonji Group, on October 12, 2017, announced a USD 500 million equity joint venture (JV) with Allianz AG of Germany, which marks Allianz’s first real estate transaction in India. The JV will establish … READ FULL STORY
The Bombay High Court, on October 11, 2017, vacated its order prohibiting the Thane and Pune civic bodies from issuing occupancy and commencement certificates, to new constructions in some areas of the two cities, … READ FULL STORY
According to rating agency CRISIL, the demand for residential properties is unlikely to revive in the next 12-18 months, as the fundamental problem of lack of end-user buyers, is unlikely to change any sooner. … READ FULL STORY
Residents of Mumbai and Pune far outnumber those from other cities, when it comes to the desire to own a holiday home. A Track2Realty survey found that more than two-thirds of Mumbaikars would like … READ FULL STORY
