Glimpse of Most Expensive Homes in India

Billionaire-business men and top celebrities own some of the most expensive homes in India. This article tells you how these homes are counted among the most expensive homes.

While owning a home remains a dream for the majority of the people in India, the billionaires and the Bollywood celebs are buying homes worth millions or even billions. Here we go through some of the most expensive homes in India. Continue reading

Chinese Real Estate Firm Ties Up With Reliance India

Chinese largest real estate firm Dalian Wanda Group has entered into ties with Anil Ambani’s Reliance Group. Both groups will jointly develop some real estate projects in Mumbai and Hyderabad.
Anil anbani sets for another race in the real estate sector.

Anil Ambani sets for another race along with the Chinese real estate Giant.

Any Chinese real estate firm, for the first time, has real estate investment in India. Anil Ambani’s Reliance Group will offer the land. The Chinese real estate firm will construct and develop the land.

The first joint real estate project will be launched in Navi Mumbai. Anil Ambani’s Reliance Group has land parcels in Navi Mumbai and Hyderabad. The group officials disclosed their plans to build integrated township projects in India. These two projects will combine an area of about 20 million sq. ft. Continue reading

Piramal Realty Acquires Gulita For 452 Cr From HUL.

Piramal Realty has acquired Gulita – property in south Mumbai from Hindustan Unilever for R452Cr. Piramal Realty is planning to develop high-end luxury apartments on the one-acre land and Ajay Piramal might keep a part of it for his personal use, given the premium location, according to ET.

Gulita is a one-acre property in Worli Seaface, which used to house a training centre and private residences of senior executives of Unilever’s Indian arm.

Gulita was built in 1968 and the land was taken on a perpetual lease from the Brihanmumbai Municipal Corporation–the Mumbai civic authority. The property was put on the block after the company set up a new campus in the suburbs of Andheri and shifted its training facilities there.

Since HUL put the building on block, it has attracted several buyers which included Anil Ambani, Gautam Adani, Oberoi Realty and Sahara.

Last year, Piramal Realty acquired a plot of land in Mumbai from Mafatlal Industries Ltd for about R760Cr. Khushru Jijina – MD of piramal Realty said that the company plans to develop five residential projects in Mumbai at an estimated investment of about R1500Cr. The company will develop about 30 million sq. ft. through land acquisitions funded from its own sources.

Recently in real estate space, Housing Development and Infrastructure Ltd sold 2 acre plot in Mumbai to Adani Enterprises for R900Cr to repay its debt. Ascendas Property Fund Trustee Private Limited, the Trustee-Manager of Ascendas India Trust (a-iTrust) has acquired two operating Buildings in Hitec City 2 Special Economic Zone in Hyderabad, India, from Phoenix Infocity Pvt Ltd for R176.5Cr; while IL&FS Investment Managers bought Logix Group’s four office buildings in Noida for R600Cr.