March 18, 2018
Japanese conglomerate Sumitomo Corporation has tied up with Indian auto components major Krishna Group to develop real-estate projects across India. The joint venture’ Krisumi Corporation — first project will be an 18 million sq ft development in Gurugram with cost in excess of $2 billion. Both the partners will hold 50:50 stake in the venture,…
March 18, 2018
MUMBAI: Navi Mumbai’s city planning authority, the City and Industrial Development Corporation (CIDCO) on Tuesday received a total of 156 bids for the auction of 13 land parcels in the city. The land parcel in Nerul fetched the highest bid of nearly Rs 2.12 lakh per sq metre, while all three Ghansoli land parcels were…
March 18, 2018
MUMBAI: In what can be seen as a possible recovery in the housing market, sales improved by 29.3 per cent year-on-year during the April to December period last year, while the time taken to clear the inventory went down to 12 quarters, says a report. Real estate companies sold 17.26 million sq ft during the…
March 18, 2018
NEW DELHI: Housing sales exceeded new supply by 5 per cent during the last two years in seven major cities, property consultant JLL India said, while advising end-users and investors to buy flats as prices are stable and interest rate low. In its latest report, JLL said that housing sales stood at 2,44,830 units during…