Rani & Aditya Chopra’s new born owns two bungalows!

A few days old baby owning properties sounds impossible, doesn’t it? but it is possible when your parents are Rani Mukherji and Aditya Chopra! It has been just a couple of days since Rani and Aditya Chopra were blessed with a baby girl, whom they have named Adira. And, if sources are to be believed, the baby has already been gifted not one but two bungalows! Read More at http://shopsandhomes.com/blog/index.php/2015/12/rani-aditya-chopras-new-born-owns-two-bungalows/

Ulwe, Majiwada, Maad-Marve may witness property price boom

According to an industry report, if the transport infrastructure projects announced by the Maharashtra Government in certain areas meet stated timelines, neighborhoods of Mumbai such as Madh-Marve, Majiwada-Kasarvadavali and Ulwe are likely to get costlier. Read More at http://shopsandhomes.com/blog/index.php/2015/12/ulwe-majiwada-maad-marve-may-witness-property-price-boom/

Tom Cruise to sell his 14.2 acre West Sussex estate

http://shopsandhomes.com/blog/index.php/2015/12/tom-cruise-to-sell-his-14-2-acre-west-sussex-estate/

If sources are to be believed, Tom Cruise has put his £4.95 million estate in West Sussex on the market up for sale. Tom and Katie Holmes purchased the property in 2006 for much lesser, but now the Top Gun star is ready to sell the 14.2-acre estate for a little shy of £5 million.

Now in Delhi, you will be allowed to register property below the circle rate

If you are property holder in Delhi, so here is great news for you because Delhi High Court has buyers and sellers to register properties below circle rate, according to reports of ToI (Times of India). It is expected that with this decision of Delhi High Court, thousands of property buyers and sellers will get benefit because now they will be able to register their properties below circle rate. Circle rate is the minimum rate below which no seller or buyer are allowed to sale or transfer a commercial property or a residential property.  Read More at  http://shopsandhomes.com/blog/index.php/2015/12/now-in-delhi-you-will-be-allowed-to-register-property-below-the-circle-rate/

Ramee Group is going to sell its Chennai Mall Property

In Chennai Mall Property the first three floors occupied by the mall, whereas; the rest 15 floors which includes the 325 room occupied by Hyatt Regency, a five star hotel.

This based Ramee Group owns chain of hotels in India and West Asia, but now this group is putting its mall property in Chennai on the block. As per the officials of Ramee Group, “We are not experts when it comes to run the malls because our core business is hospitality”. Read More at http://shopsandhomes.com/blog/index.php/2015/12/ramee-group-is-going-to-sell-its-chennai-mall-property/

How rich is Ajay Devgn?

The dark horse of Bollywood, Ajay Devgn with nearly 32 awards in his illustrious career, has slowly carved a niche for himself with his vault ringing with $82 every minute. The actor, producer and entrepreneur have a total net worth of Rs. 180 crore or $30 million! Read More at http://shopsandhomes.com/blog/index.php/2015/12/how-rich-is-ajay-devgn/

Mumbai is ahead of Bengaluru and Delhi ranked 4th in the list of emerging world cities

If you are the one who is cursing the Mumbai city due to lack of space, proper amenities and other shortcomings, so here are some heartening news for you; Mumbai is one among top five emerging world cities. According to the report of JLL, a global property consultant, “Mumbai is 4th on the list of emerging world cities, however; the top three are Shanghai, Beijing and Dubai. Apart from Mumbai; New Delhi and Bengaluru were also in the report which titled “Globalization and Competition: The New World of Cities”. Read More - http://shopsandhomes.com/blog/index.php/2015/12/mumbai-is-ahead-of-bengaluru-and-delhi-ranked-4th-in-the-list-of-emerging-world-cities/

Bollywood Celebrities Prefer to Invest in Tax Free Bonds

Legends of Bollywood have been fuelled by the overwhelming star power of celebrities such as; Akshay Kumar, Kareena Kapoor, Aishwarya Rai, Ranbir Kapoor and Amir Khan. Few of us know that Indian bond market is fully or partly fuelled by a generous smattering of investment by these superstars. It is reported that Akshay Kumar with age 48 years have earnings of Rs 128 crore in the year 2015 and due to that he is one of the big and most regular  investor in fixed income instruments as recently he has invested huge amount in IRFCs (Indian Railway Finance Corporation) tax-free bonds. Read More at http://shopsandhomes.com/blog/index.php/2015/12/bollywood-celebrities-prefer-to-invest-in-tax-free-bonds/

In Q3 2015, the housing price index grow by 13.7 percent

For the duration of July to September or in Q3 2015, the housing price index grow by 13.7 percent, whereas; the cities such as; Jaipur, Lucknow and Kolkata have contributed to the slower pace of growth, as per data and reports of RBI. Read More at http://shopsandhomes.com/blog/index.php/2015/12/in-q3-2015-the-housing-price-index-grow-by-13-7-percent/

US NRIs are selling their properties in India due to implementation of FATCA

Same as bank accounts and mutual funds, its not easy task for the Indian government to identify the property of NRIs and their earnings from them. There are many US based NRIs, who are planning to sell their property in India and for that they are ready to offer big discounts and the reason behind that is the implementation of FATCA (US Foreign Account Tax Compliance Act). Read More at - http://shopsandhomes.com/Mumbai/Dombivli/All/Property-for-Sale/1-BHK-any-any-to-any

Bengaluru has emerge as real estate capital of India by providing major headlines of the day, nationally and internationally

According to reports, Bengaluru has emerged as real estate capital of India with the major headlines of the day which dominate on national and international real estate market. Earlier, it was Mumbai, but now Bengaluru has overtaken Mumbai to become one of the most preferred real estate destinations for investment in India, as per the reports of PwC (PricewaterhouseCoopers) and ULI (Urban Land Institute). Read More at http://shopsandhomes.com/blog/index.php/2015/12/bengaluru-has-emerge-as-real-estate-capital-of-india-by-providing-major-headlines-of-the-day-nationally-and-internationally/

Arbaaz Khan Inaugurated Indian Property Show

According to experts, in present real estate is one of the most profitable and secure investment instrument in India and the main reason behind that is the depreciation of Rupee and ease of FDI flow as well as upswing in NRI investments.

On December 5, 2015; in Dubai UAE the most awaited and popular exhibition of Indian properties was inaugurated by Arbaaz Khan, Bollywood actor and Brand ambassador of the Indian Property Show. This Indian Property Show was held at Dubai World Trade Centre for the duration of 4 days ie. December 1 to December 3, 2015 between 11 AM to 8 PM, during the property expo more than 170 developers, Banks and cream of the Indian real estate construction companies participated with more than 600 projects. In this property show entry and parking of vehicle was free. Read More at - http://shopsandhomes.com/blog/index.php/2015/12/arbaaz-khan-inaugurated-indian-property-show/

Maharashtra hikes incentive FSI, property rates in suburbs may rise

In the latest move of Maharashtra state government it is likely to see that realty rates in Mumbai suburbs may rise again, after the final notification of state government through which Maharashtra state government is planning to hike the additional premium charges and development rights with an aim to generate more revenue for exchequer, which is currently cash-strapped. Read More at - http://shopsandhomes.com/blog/index.php/2015/12/maharashtra-hikes-incentive-fsi-property-rates-in-suburbs-may-rise/

Smart Cities are the flavor of “Housing for All” in 2015 for urban sector

A turn on mega projects worth Rs. 4 lakh crore are for developing smart cities and towns to provide “Housing for All” for next seven years besides all the proposed amendments in real estate rules which was marked for the year 2015 in the urban development sector. Read More at - http://shopsandhomes.com/blog/index.php/2015/12/smart-cities-are-the-flavor-of-housing-for-all-in-2015-for-urban-sector/

In current drive, 26 FIRs filed against unscrupulous real estate developers in Mumbai

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MIDC have been lodged Twenty three FIRs at the Rabale MIDC police station errant real estate developers, who have used the government land to cheat poor or low income group buyers in Digha, whereas; another three FIRs were lodged against illegal buildings in Digha and case was filed by Brajesh Mishra, a social activist, under MRTP (Maharashtra Regional Town Planning Act) act.  Till now police has arrested four of the accused builders and have sent them to jail after high court slammed the authorities for their lax attitude. 

Investment in real estate is about to touch seven years high with Rs 53,000 cr

At the end of 2015, the investment into real estate sector is ready to close with $ 8 billion or Rs 53,000 crore and it highest among last seven years. However; most of the money has come from borrowings as well as private equity (PE) route through NCD (non-convertible debentures). Read More...

The National Green Tribunal stay on new construction activity near Sanjay Gandhi Park

Recently, the NGT (National Green Tribunal) has imposed stay on the permissions of all new building construction which comes in the vicinity of the Sanjay Gandhi National Park and it is expected that this move can leave negative impact on the several proposed real estate projects which are in the western and eastern suburbs of Mumbai and Thane district. Read More....

Richest MLA’s property seized

http://shopsandhomes.com/blog/index.php/2015/12/richest-mlas-property-seized/

A Worli flat of the richest MLA as per the candidature filed for the Maharashtra Assembly polls last year. Mohit Kamboj was symbolically attached by a bank. Kamboj,who lost the Dindoshi seat on a BJP ticket in the Maharashtra Assembly polls, had declared assets worth Rs 350 crore and was the richest amongst all the Candidates. 

S Balakrishnan, former journalist received threats from Underworld Don Chota Shakeel for placing a bid to buy “Bhendi Bazaar Property” of Dawood Ibrahim

According to recent reports, S Balakrishnan, former journalist received threats from Underworld Don Chota Shakeel for placing a bid to buy “Bhendi Bazaar Property” of Dawood Ibrahim. Currently, S Balakrishnan is associated with NGO Desh Sabha Samiti and is ready to bid for the property of Dawood Ibrahim, which is located at Bhendi Bazaar Market. On last, Saturday he claimed that he received threats from underworld Don Chota Shakeel in the evening night of December 3 and 4, 2015. 

A sneak peek into India’s Premium Real Estate Market

In past few years, real estate market of India has evolved from residential units at great location to luxury and vibrant concept of branded homes. These branded residential units or houses have make up this emerging luxury housing projects where the price of luxury houses are about $ 300,000 for 2000 square feet for the starter size for apartments and into bigger and larger sizes depending on the category of the residential projects. In last 10 years, our country has under gone rapid globalization and urbanization which paved the way for employment opportunities with high income trends. However; these high earning individuals are looking for the world-class amenities to reflect their lifestyle on how they want their homes to look like. Read More....

Commercial real estate – some huge deals of recent times

In most recent realty news, southern real estate developer, RMZ Corp is in the advanced stages of negotiations to acquire Equinox business park in Mumbai from the Ruias of Essar Group. Sources familiar with the development confirmed that the transaction has been concluded for a monstrous Rs. 2400 crore. While billionaire brothers Shashi and Ravi Ruia are divesting non-core assets to pare Essar’s debt burden, this is by far the largest real estate deals of Mumbai and one of the biggest in India. Read More.....

RMZ Corp is in initial talk to acquire Essar’s Equinox Business Park in Rs 2,400 cr deal

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Essar is in initial negotiation stage with real estate developer RMZ Corp to sell its Equinox Business Park, which is located in Mumbai. According to sources the price of deal will be about Rs 2,400 crore, or $ 360 million. In recent years, this could be the biggest commercial real estate deal in the MMR region as billionaire brothers Ravi Ruia and Shashi Ruia are divesting their noncore assets to repay the debt of Essar.

India’s first “Smart City” in Navi Mumbai with new airport and township

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Navi Mumbai is going to get the India’s first “Smart City” which is spread over an area of 75 sq km encompassing seven nodes and the upcoming airport with one new township.

Home sales rise in Mumbai 28 percent, a sign of life in real estate market of Mumbai

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Now some of the buyers are finally returning to the real estate market of Mumbai, as real estate developers are offering 5 to 10 per cent discount and other offers as well such as; foreign trips, free parking space, free car, free AC and more. Now in Mumbai’s real estate market due to reduced size of apartments and falling interest rates now it’s easy to sale the residential property and now currently home sales in Mumbai is 28 percent more in comparison of last four quarters, as per the reports of JLL India.