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India’s super rich like KM Birla, Cyrus Poonawalla, Godrej strike realty deals in sluggish property market

India’s super rich like KM Birla, Cyrus Poonawalla, Godrej strike realty deals in sluggish property market

MUMBAI: India’s super rich are spotting an opportunity in an otherwise sluggish property market, and leveraging on it to buy luxury pads for themselves. In the past one week, two large South Mumbai bungalow deals have been clinched by the biggest names of the corporate world, while at least one more iconic property , Hindustan Unilever’s guest house Alhambra on Carmichael Road, is generating good...

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The Real estate development arm of the Godrej Group has announced a new residential township project in Pune,

PUNE: Godrej Properties, the real estate development arm of the Godrej Group has announced a new residential township project in Pune, Godrej Prana. To be spread over 31 acres in Undri on the outskirts of the city, the first phase will have a total saleable area of about 65,000 sq. mt. (7.0 lakh sq. ft.). Pirojsha Godrej, Managing Director & CEO, Godrej Properties, said, “We...

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Smart Cities declared. Is your city in the list?

Smart Cities declared. Is your city in the list?

The government declared its plans to convert 98 Indian cities into Smart Cities. The government on Thursday finally declared its plans to convert 98 Indian cities into Smart Cities. While Uttar Pradesh gets most of them, nine state capitals including poll-bound Bihar’s Patna, are missing from the list. Uttar Pradesh got 13, Tamil Nadu 12, Maharashtra 10, Madhya Pradesh seven, Gujarat and Karnataka six each,...

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Over 55,000 Home Buyers to Get Possession of Flats in Noida

Over 55,000 Home Buyers to Get Possession of Flats in Noida

New Delhi: Over 55,000 home buyers will now get possession of their flats in Noida as the government issued the final notification demarcating the Eco Sensitive Zone (ESZ) around Okhla bird sanctuary, realtors’ apex body CREDAI said on Wednesday. The move to reduce the area of the eco-sensitive zone around the Okhla Bird Sanctuary here would boost housing demand and prices in the Noida property...

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