Overseas Property Investment

The most recent mumbai property investment news from a variety of international property news sources.

The supply of high-value flats in the city will outstrip demand from March. At present, there is an approximate supply of a million sq ft for the top-end residential market in the metropolis
High-value flats, starting with a price tag of Rs5 crore (for a luxurious two, three or four bedroom, hall and kitchen) had vanished [...]

The Maharashtra Housing and Area Development Authority (Mhada) is selling 3,394 homes in central and suburban Mumbai in areas such as Sion and Malad. At least 70 per cent of these are reserved for the poor. The sale of the forms ended yesterday.
Many of the homes in this year’s sale are one- or two-bedroom apartments [...]

A city-based builder is all set to promote Chennai’s costliest apartment project, where each flat will be priced at Rs 8 crore and have a foyer studded with diamonds, precious stones and pearls. Christened ‘The Art’, the project derives its theme from the cubist paintings of the legendary Pablo Picasso. A limited-edition super luxury residential [...]

MUMBAI: The Khorakiwala family, promoters of the troubled pharma company Wockhardt, has sold nearly 18 acre of land at Mulund for Rs 200 crore to a city-based developer, Runwal Group, and a real estate fund.
The land is owned by Merind, the Vitamin B12 maker, which the Khorakiwalas bought from the Tatas in 1998. Merind shut [...]

MUMBAI: A consortium comprising the Essel Group, promoters of the Zee Group of companies, and Delhi based Bhushan Steel and Power on Thursday won a closely-fought bid to develop an amusement, theme and knowledge city over 250 acres at Kharghar in Navi Mumbai.
The consortium has agreed to pay Rs 1,590 crore upfront for the land [...]

Townships as a fully evolved and implemented concept are still a rarity in India. Apart from the Hiranandani project in Powai, Mumbai and Magarapatta City in Pune, there have been no instances of full-fledged townships being launched in the formal configuration. While it is true that seven real estate groups have come together for developing [...]

Pune-based developer Kumar Urban Development (KUDL) has embarked on two new residential projects in Mumbai, including a unique concept of sky villas.
The 270-metre high tower, Kumar Coteur, with sky villas is coming up at Prabhadevi-Worli area. The project is so exclusive that each floor will have one villa and the distance between the villas will [...]

Housing development and infrastructure limited (HDIL), the third largest realtor according to market capitalisation, is planning to enter the slum rehabilitation project in South Mumbai in 6-8 months, the DNA has reported, citing a top official.
“We are looking at large projects, but not a mill or big redevelopment project. Our core focus for next two [...]

Mumbai-based real estate developer and hospitality player, Bajaj Group will be opening its Indian art hotel ‘Le Sutra’ at Khar Road in Mumbai today.  This will be the world’s first Indian art hotel. The Group has converted its existing hotel ‘Hotel Pali Hill’ into an art hotel. The 16 room art hotel houses F&B outlets [...]

Mumbai-based real estate developer Wadhwa Group acquired a plot measuring18.18 acres from Hindustan Composites Limited for Rs. 571 crore. The site is located at Lal Bahadur Shastri Marg (LBS Marg) at Ghatkopar in west Mumbai.
This site is abutted by multi-storeyed residential complexes of renowned developers. It is opposite one of Mumbai’s largest brand malls and [...]