Real Estate


Jumeirah Group moves into India with Mumbai property

Jumeirah Group, the global hospitality company and a member of Dubai Holding, has signed a management agreement to operate a luxury hotel in central Mumbai, India.

Delhi sees biggest spike in home prices among metros despite sales dip

Most big cities, including Delhi and Kolkata, have witnessed a sharp rise in property prices despite fewer sales in the first quarter of the current financial year ending March 2013. Brokerage Nomura attributed the price increase to limited supply.

Jones Lang LaSalle to launch new real estate fund soon

BANGALORE/MUMBAI: Property consultancy firm Jones Lang La-Salle (JLL) India has set up a new entity JLL Segregated Funds Group to raise funds to invest in the Indian real estate market, and its first fund worth . 300 crore will be launched soon in the domestic market.

Pune, Bangalore lead real estate sector

Projects at affordable prices helped boost sales in Pune, while Bangalore saw a huge demand for high-end properties

Competition Commission of India rejects complaint against Supertech

NEW DELHI: The Competition Commission today rejected a complaint regarding alleged abuse of dominance by real estate developer Supertech, as the fair trade regulator did not find any evidence to support the charges.

Mumbai property sales registrations continue to fall

Bangalore: Mumbai property sales registrations declined for the third month in a row, as developers launched fewer projects and approvals for a large number of projects are still pending.

Indians dominate foreign investor property purchases in Dubai

DUBAI: Foreign investor purchases in freehold projects in Dubai are still dominated by Indians who have retained the number one spot since foreign ownership regulations were applied, a new research has revealed.

India property giant DLF sells land for nearly $500 mln

NEW DELHI: India's biggest property developer DLF has sold a large parcel of land in commercial hub Mumbai for nearly $500 million, a statement said Monday, as it struggles to reduce its massive debt.

Dubai real estate recovers on safe haven status, Indians main buyers

DUBAI/LONDON: For a key to the recovery of Dubai's real estate market, one need look no further than the Burj Khalifa, the world's tallest tower, which rises out of the desert floor of the city's gleaming downtown area.

East India Hotels to manage Reliance property in Navi Mumbai

KOLKATA: East India Hotels (EIH), which owns and manages the Oberoi and the Trident brand hotels, would enter into a management contract with Reliance for the latter's property in Navi Mumbai, chairman P R S Oberoi said today.

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