With more and more villages moving court seeking quashing of land acquisition, the confederation of real estate developers’ association of India (CREDAI) has got down to saving their non-Shahberi projects in Noida Extension from hanging in the balance...

HC SAYS Developer cannot take advantage of failure to execute conveyance deed After the statutory period for executing conveyance has passed, only the co-operative housing society will have right to utilise additional Floor Space Index (FSI), if it becomes...

Mumbai-based developerAckruti City has raised Rs 300 crore from Future Capital’s NBFC arm, State Bank of India and ICICI Bank by mortgaging two fully built commercial buildings, Ackruti Star and Ackruti Solaris in Andheri east, Mumbai. Ackruti Star is...

Mumbai: Despite a sustained sluggishness in demand, property prices in Mumbai, India’s largest real estate market, do not seem to relent. Experts say a reason for this is the financing structure of real estate projects, where many developers, especially...

Mumbai The Supreme Court on Monday gave a go ahead for sale of a part of the 774 acres of land in Maharashtra belonging to VSNL, now Tata Communications, by the government. A bench comprising Justices Dalveer Bhandari and Deepak Verma dismissed the plea...

Low registration also seen in last six months. The real estate market in Mumbai is drying up. June has seen registration of 4,272 agreements compared to 6,103 in the same month last year, a fall of 30 per cent. The state stamps and registration department...

After successfully raising Rs 520 crore in June, 2011, ASK Property Investment Advisors (ASK PIA), now plans to raise Rs 480 crore from high networth individuals (HNI) to invest in residential properties. ASK PIA, a venture of the ASK Group, was set up...

MUMBAI: Peninsula Land, an Ashok Piramal Group company, will jointly develop a 300-acre plot in Thane with an unknown land aggregation firm, sources familiar with the development said. Peninsula will plan, construct , market and sell the property developed...

MUMBAI: After almost 18 months of negotiations,Jet Airways is close to signing a deal with Godrej Properties (GPL) to jointly develop a 2.5-acre plot at Bandra-Kurla Complex (BKC). It is learnt that GPL will pay upfront cash of about Rs 150 crore to Jet....

Mumbai IL&FS Milestone Fund, a Sebi registered venture capital firm, has completed an investment of about $20 million in a leased commercial building in Mumbai. The property, Patel Corporate Park, is located in Mumbai’s western suburb Jogeshwari and has...