Godrej Properties’ first project in Noida

Although Godrej Properties has already developed six projects in the National Capital Region (NCR), this is the first time it is entering the Noida real estate market. The company will be developing a group housing project within Lotus Greens Sports City in Sector 150, it said in a statement. Read More at http://shopsandhomes.com/blog/index.php/2016/01/godrej-properties-first-project-in-noida/

Anil Kapoor books property in Dubai for Sonam

Real estate in Mumbai is “out of reach for even the richest” and even Anil Kapoor felt that when he and his wife were distressed while finding an appropriate property for their actress daughter Sonam Kapoor. Read More at http://shopsandhomes.com/blog/index.php/2016/01/anil-kapoor-books-property-in-dubai-for-sonam/

Know Thy Building- Essential Learning of Real Estate terms

Want to buy a flat in an under construction building? Tried talking to a real estate agent? Must have been tough trying to understand all those terms associated with the building stages and other processes. Not an issue, as we will help de-jargonise terms such as Loading Factor, OSR and FSI for you in this post, so that you talk like a pro the next time you meet an agent. Read More at http://shopsandhomes.com/blog/index.php/2016/01/know-thy-building-essential-learning-of-real-estate-terms/

Dubai Property Expo in Hong Kong

Hong Kong is all set to welcome the Dubai Property Show this week. The exhibition will highlight Dubai’s unrivaled opportunities for real estate investment. Dubai-based real estate developer Nakheel is heading east to showcase new projects with construction values of over $4.6 billion. With projects already covering more than 15,000 hectares and homes for over 200,000 people, Nakheel is the biggest developer at the show. Read More at http://shopsandhomes.com/blog/index.php/2016/01/dubai-property-expo-in-hong-kong/

Axis Bank purchases land worth 320 cr in Mumbai

Commercial real estate markets in Mumbai are picking up since the last year especially after pharmaceutical major Abbott bought 435,000 sq ft in the Godrej BKC at the Bandra Kurla Complex, from Godrej Properties for Rs 1,479 crore. Moreover, in one of the biggest office property transactions in the city, Axis Bank recently bought 200,000 sq ft of space at The Ruby office complex in Dadar West for Rs 320 crore, according to sources. Read More at http://shopsandhomes.com/blog/index.php/2016/01/axis-bank-purchases-land-worth-320-cr-in-mumbai/

Home Loans for Women – reasons to cheer

Are you a working woman desirous of owning your dream home? Then you have reasons enough to cheer! In India, women are privileged in terms of the schemes and concessions given to them as borrowers of a loan. Especially in home loans, women enjoy greater benefits as compared to their male counterparts. Read More at http://shopsandhomes.com/blog/index.php/2016/01/home-loans-for-women-reasons-to-cheer/

Bandra to Worli – celebs’ fav belt

In the glam world of Mumbai, your stature is determined by your address. If you are a business tycoon and inherit huge money, then Malabar Hill is your where your home is. If you are a top notch lawyer, an eminent executive or a high-ranking banker, then you ought to have a house in Peddar Road. And if you are an A-list Bollywood actor, then Bandra is the exclusive destination for your dream home. Read More at http://shopsandhomes.com/blog/index.php/2016/01/bandra-to-worli-celebs-fav-belt/

Mumbai can generate maximum rental income for REITs by 2019, says report of Cushman & Wakefield Ind

It is expected that the total estimate of rental income potential for Grade A commercial properties in top eight cities of India will be about Rs. 51,800 crore or USD 7.9 billion by the end f 2019, as per the reports of Cushman & Wakefield, a global real estate consultancy. However; the title of report is “Real Estate Investment Trusts (REITs): An Opportunity for Investors and Developers” and it was released on last Thursday. Read More at http://shopsandhomes.com/blog/index.php/2016/01/mumbai-can-generate-maximum-rental-income-for-reits-by-2019-says-report-of-cushman-wakefield-india/

Lawyers react; say a ‘Society’ can’t tell members what to eat

Reacting sharply to an incident in Dahisar, where the members of a co-operative housing society purportedly manhandled a family for eating meat, the legal fraternity said that there is no lawful provision that allows majority members in a housing society to enforce their food habits on others. Read More at http://shopsandhomes.com/blog/index.php/2016/01/lawyers-react-say-a-society-cant-tell-members-what-to-eat/

Lutyens Delhi bungalow is up for sale at Rs 1,100 crore, says owner Assam Company

According to reports, Assam Company, which is located at Kolkata is contemplating to sell a bungalow in Delhi which is situated at Bhagwan Das Road and comes under the Lutyens’ Bungalow Zone of central Delhi. Read More at http://shopsandhomes.com/blog/index.php/2016/01/lutyens-delhi-bungalow-is-up-for-sale-at-rs-1100-crore-says-owner-assam-company/

Sunil Mantri resigned from the position of NAREDCO chairman

Recently, the Bombay High Court asked Mantri to not to sell any property till next court orders and after this the Bombay High Court also appointed an official liquidator with an aim to took the possession on the properties of Mantri Group. Read More at http://shopsandhomes.com/blog/index.php/2016/01/sunil-mantri-resigned-from-the-position-of-naredco-chairman/

MCHI Kalyan-dombivli property show -Smart homes, Transforming Cities

The stage is all set to welcome the sixth edition of MCHI property expo hosted by CREDAI’s Kalyan-Dombivli unit. Real estate enthusiasts book their calendars for this property exhibition every year from the 23rd to 26th of January. In 2016 too, the expo will see home buyers and investors flocking towards Phadke Ground, Near Lal Chowki, Kalyan (W) scouting for their dream homes and attractive investment options during the 4-day carnival. Read More at http://shopsandhomes.com/blog/index.php/2016/01/mchi-kalyan-dombivli-property-show-smart-homes-transforming-cities/

Indulgences of celebs – island real estate

Living in palatial homes, owning regal cars, having in millions & billions in bank accounts are just some of the bonus points that come with being a celebrity. The real cherry on the cake is buying an island of one’s own to spend fortunes, just to take a few moments away from limelight. Read More at http://shopsandhomes.com/blog/index.php/2016/01/indulgences-of-celebs-island-real-estate/

The Quintessential mansions in Mumbai

When you have money, invest it in property. What better examples than the business tycoons who have bought expensive mansions for amounts beyond imagination? Let us take a look at some of the most extravagant bungalows owned by these magnates. Read more at -  http://shopsandhomes.com/blog/index.php/2016/01/the-quintessential-mansions-in-mumbai/

CIDCO sells land parcels worth 256 crore in Navi Mumbai

Navi Mumbai’s development authority, City and Industrial Development Corporation of Maharashtra Ltd (CIDCO), has sold eight land parcels in the city via an auction amounting to Rs. 256 crore, according to sources. Read More at http://shopsandhomes.com/blog/index.php/2016/01/cidco-sells-land-parcels-worth-256-crore-in-navi-mumbai/ 

A brand new luxury hotel of Taj Group is ready for inauguration at Santacruz, Mumbai

Taj Hotels Resorts and Palaces, which is subsidiary of IHCL (Indian Hotels Company Limited), announced that their brand new luxury hotel is ready for inauguration in Santacruz in the mega-polis.

This brand be hotel will be located at just off the Western Express Highway and it will provide a vantage point of access as well as access to the financial and entertainment centers in the city. According to Pankaj Sampat, the General Manager of Taj Santacruz, “This luxury hotel has several spacious rooms and it begins with the 580 square feet for the base rooms. It is very spacious with facilities and amenities of international standards”. The more he added that 141 rooms would be available in the initial phase, however; after March 31 it is expected to be fully operational including ‘Taj Club Rooms. Read More at http://shopsandhomes.com/blog/index.php/2016/01/a-brand-new-luxury-hotel-of-taj-group-is-ready-for-inauguration-at-santacruz-mumbai/

10 Indian cities having affordable realty markets

In a recent report by JLL India, Navi Mumbai, Ahmedabad, Pune and Hyderabad have been listed in the 10 affordable property markets of India among other cities like Kochi, Ghaziabad, Jaipur, Nagpur, Surat and Coimbatore. According to the consultancy, these cities offer great low-budget properties between Rs. 30 – 50 lakh. Read More at http://shopsandhomes.com/blog/index.php/2016/01/10-indian-cities-having-affordable-realty-markets/

Vadodara experiencing boom in real estate

The property carnival 2016 organized by CREDAI-Vadodara witnessed a record number of bookings this year. This was the third edition of property expo in Vadodara which saw huge sales of apartments and duplexes. Read More at http://shopsandhomes.com/blog/index.php/2016/01/vadodara-experiencing-boom-in-real-estate/

MHADA Announced Lottery for 4,275 Affordable Homes

On Monday, the MHADA (Maharashtra Housing and Area Development Authority) announced a lottery of 4,275 affordable homes for Konkan region which is scheduled on February 24. Konkan region have highest number of homes and it will cover the Mira Road, Thane, Virar and Vengurla in the Sindhudurg district of the Konkan region. If you are interested, so you can apply through registration and you can do it in online mode and rest of the procedures for same will be start from Wednesday. Read More at http://shopsandhomes.com/blog/index.php/2016/01/mhada-announced-lottery-for-4275-affordable-homes/

How to choose the best floor for you in a high-rise?

Apart from the important aspects of home buying that include budget, an ideal locality, proximity to work places, schools & other basic facilities; there is one more factor which should be considered now-a-days when multi-storey towers are in vogue. Selecting the best floor to have a dream home is an important decision one has to make while apartment hunting. Read More at http://shopsandhomes.com/blog/index.php/2016/01/how-to-choose-the-best-floor-for-you-in-a-high-rise/

PE giant Apollo Global exits Mumbai’s luxury project

Apollo Global Management, a giant private equity player which had invested Ahuja Constructions’ premium luxury residential project in the plush Worli area of Mumbai, has sold its entire stake for a massive profit. Six years ago, Apollo had bought 49 percent rights in Ahuja Towers, a 53-storey residential high-rise for Rs. 200 crore and has sold it for Rs. 460 crore. Read More at http://shopsandhomes.com/blog/index.php/2016/01/pe-giant-apollo-global-exits-mumbais-luxury-project/

Real estate management Start-ups turn to NRIs

If you are a Non-Resident Indian and away from your property, you now don’t need to worry about managing your assets from overseas. Realty start-ups are offering property management services at your fingertips at a nominal fee. Read More at http://shopsandhomes.com/blog/index.php/2016/01/real-estate-management-start-ups-turn-to-nris/

IIFL and Edelweiss Group are planning to invest in the projects of Mumbai and Bengaluru

In the very first transaction, IIFL is planning to lend Rs.500 crore to Ariisto Realtors in the form of structured debt. IIFL Group, which is one of the largest financial services firm has made two big investments one by one in the different real estate projects which are located at the Mumbai and Bengaluru and it is expected that this investment will help the real estate developers to start he projects and refinance the existing the loan, as per the statement of the executive of company. Read More at http://shopsandhomes.com/blog/index.php/2016/01/iifl-and-edelweiss-group-are-planning-to-invest-in-the-projects-of-mumbai-and-bengaluru/

What you can expect in 2016 from Indian real estate sector?

In present, the rest of the world is considering our country as the land of opportunity for investment and business.  If we are talking about the real estate scenario for 2016, so no doubt it could be great year for residential as well as commercial projects. Read More at http://shopsandhomes.com/blog/index.php/2016/01/what-you-can-expect-in-2016-from-indian-real-estate-sector/

Delhi and Mumbai are among the top 30 super cities of the world, says report of JLL

Two major Indian cities; Mumbai and Delhi have made their entry into the top 30 list of the world’s most productive, powerful and well connected cities.

Global Top 30 List:

According to research report of JLL India, the international real estate consultancy, Mumbai which is also the financial capital of country has been ranked 22nd whereas; our national capital Delhi has been ranked on the 24th spot in the list of 30 super cities of the world. However; in the list the top five cities were; Tokyo, New York, London and Paris. The Tokyo, New York, London and Paris are the cities which are the destination of more than 50 per cent of all foreign capital investment, says Global Top 30 list of JLL India. According to JLL, “All top 30 cities account for 64 per cent of the total cross-border investment as their common interest are commercial attraction or economic attraction and real estate power and status. Read More at http://shopsandhomes.com/blog/index.php/2016/01/delhi-and-mumbai-are-among-the-top-30-super-cities-of-the-world-says-report-of-jll/

ASK Group, a Financial Services Firm is Planning to Invest up to Rs 1,500 crore in Indian Real Estate Market

Ask Group, which is one of the Financial Services Firm is now planning to invest up to Rs 1,500 crore with an aim to set up its own equity investment unit for the Indian real estate market in the current year as it seems that that the demand for mid-segment housing projects could increase. In year 2015, the firm has invested more than Rs 600 crore through three equity deals in real estate projects. Read More at http://shopsandhomes.com/blog/index.php/2016/01/ask-group-a-financial-services-firm-is-planning-to-invest-up-to-rs-1500-crore-in-indian-real-estate-market/

Price of properties will not down in year 2016, says real estate experts

If you want to buy property and you have been holding your property purchase decision from very long time with a hope that may be in 2016 the property prices will go down, so you may be wrong because real estate experts are saying that it is expected that property prices will not go down in the year 2016. Now real estate experts are suggesting that you should not wait anymore and you should start to buy property as soon as possible because in coming days property prices will go up because wages of labour, cost of construction and price of material would consistently go up over time. Read More at http://shopsandhomes.com/blog/index.php/2016/01/price-of-properties-will-not-down-in-year-2016-says-real-estate-experts/

K. Raheja Group buys plot for Rs. 7 cr per acre

K Raheja Corp, one of the largest developers of business parks in the country under the brand ‘Mindspace’, has bought 30 acres in the Ghansoli area of Navi Mumbai for Rs 210 crore or Rs 7 crore an acre, from US-based speciality chemicals company Cabot Corporation, according to sources. Read More at http://shopsandhomes.com/blog/index.php/2015/12/k-raheja-group-buys-plot-for-rs-7-cr-per-acre/

Feels Like Home, says Parineeti Chopra

Sometimes even Bollywood stars considered it as an achievement to own a house in Mumbai due to increasing price of properties in real estate market of Mumbai.

These days two Bollywood actresses; Sunny Leone and Parineeti Chopra are in news due to the same reason. According to reports, recently, Parineeti Chopra moved into the sprawling home, which is located at the Bandra (W), whereas; Sunny Leone has rented an apartment in Juhu, while stating that currently she has no plan to buy apartment in Mumbai. Read More at http://shopsandhomes.com/blog/index.php/2016/01/feels-like-home-says-parineeti-chopra/