Aamby Valley To Receive Funding From Mauritius Based Fund

Aug 19, 2017

The Aamby Valley project was asked by the Indian Supreme Court to set the property up for auction to recover money from Sahara. When the matter was brought to court, the group dismissed the matter and asked for permission to get into partnership with the Mauritius based fund. Royale Partners has agreed to invest 1.67 billion in the project. The company owned by Dubai based RPMG Investment is registered in Mauritius as an investor in private equity, asset management among others.

New York To Have The World’s Tallest Residential Building In The Near Future

Aug 19, 2017

Designed by Adrian Smith + Gordon Gill Architecture, the Central Park tower is soon to be the world’s tallest residential building. The building is to reach a staggering height of 1,550 feet when completed in 2019. Rising steadily at 225 West 57th Street, the sale of the property is soon to open.

Rera Registration: Haryana Builders Seek 3 Months Extension For Registration

Aug 19, 2017

After the completion of the deadline on July 31 for RERA registration ongoing projects, several projects are still to be registered yet. The Haryana based realtors are expecting an extension in the deadline for the registration of the remaining projects under H-RERA. They have come across, approaching 3 months of extension in the deadline to the government. Sources informed that till now only around 30 state projects have received the registration certificate, whereas over 400 applications were submitted during 28th to 31st July. Praveen Jain, president of National Real Estate Development Council (NAREDCO), the apex body the Real Estate sector, said: “The government should extend the deadline by three months, as notification of rules was delayed by the same period,”. He said that the norms should be notified by May 1 itself but the final rule got notified on 28 July only with the three months delayed. He also added, “The UP government has extended the deadline for registration by 15 days, along with a plan to impose a minimum penalty for the first three months after that”.

Shangri-la Hotel In Colombo Set To Open In December

Aug 18, 2017

Along with the Shangri-La’s Hambantota Golf Resort & Spa, this property will be the second undertaking by the group in Sri Lanka. With over 500 guest rooms and 41 serviced apartments, the hotel promises a luxurious retreat with pristine views of the Indian Ocean. Located at the upscale Galle Face Green promenade, the hotel sits on 10 acre of land. A 40-minute drive from the Colombo Bandaranaike International Airport, the hotel is going to become the new attraction and social hub of the area. Hong Kong-based Shangri-La Hotels & Resorts currently operates over 95 hotels globally.

Naredco’s 14th National Convention To Unfold New Era Of Realty Growth

Aug 18, 2017

In a bid to provide impetus to the real estate sector and support the reform measures taken by the government, National Real Estate Development Council (NAREDCO) - an apex body, formed under the aegis of Ministry of Housing and Urban Affairs is all geared up to organize its “14th National Convention” to be held in New Delhi on 28th & 29th August, 2017. The two days convention will see an active exchange of knowledge and ideas enriching the industry with thought provoking objectives for the growth of the sector.  The National Convention over two days will witness Bureaucrats, Policy Makers, Experts, Leaders, Real Estate and Private Equity Players all under one roof. Rajeev Talwar, Chairman NAREDCO, Parveen Jain President NAREDCO &  Anil Suri, Vice President (North) NAREDCO with other GC Members of NAREDCO unveiled the logo of 14th National Convention- theme "Indian Real Estate- Unfolding the new era of growth".


House Of Hiranandani Bags The Best Residential Project Award For Lake Verandahs

Aug 18, 2017

House of Hiranandani is a real estate conglomerate, developing iconic integrated life spaces in India.  The Lake Verandahs project by the group has bagged the ‘Best Residential Project’ award at the recently concluded Asia Real Estate Excellence Awards 2017 in Singapore. Located off Bannerghatta Road, near a serene lakeside sanctuary with breathtaking views of the city, Lake Verandahs is one of the most architecturally acclaimed towers in Bengaluru. Lake-facing 3 BHK apartments offer a true experience of opulent living. The project encompasses within its fold luxury and functionality through its exquisitely designed apartments interspersed with lively, sparkling water bodies. It offers a serene ambience complete with ideal amenities to service all lifestyle needs. House of Hiranandani has a national presence with projects in Mumbai (Hiranandani Gardens - Powai, Hiranandani Meadows-Thane, Hiranandani Estate- Thane, Hiranandani Business Park - Powai & Thane.), Bengaluru (Hebbal, Devanahalli & Bannerghatta), Chennai (OMR) and Hyderabad (Shankarpally).

Indian Buyers Find London Luxury Homes Cheaper By Over 14%

Aug 17, 2017

Luxury homes bought by Indians in London in the March ending quarter of 2017 were significantly cheaper as compared to the same period last year courtesy the strengthening value of the Indian Rupee (INR) against the Great Britain Pound (GBP) according to the Knight Frank Global Currency Report 2017. The report gauged the impact of currency movements for international investors purchasing luxury residential properties in key cities across the globe. The weakening pound in the wake of events such as Brexit made properties in London 14.1% cheaper for INR denominated investors. As a result, Indian investors had the second highest purchasing power for properties in London only behind the Russian Ruble denominated investors. For the latter, the difference in prices courtesy currency fluctuation was a staggering 28.3%, the report shows. In fact, the currency value-induced discount for INR denominated investors was higher than Australia (11.7%), United States (11.6%), China (5.8%) and Europe (5.6%).

Source of information: Knight Frank Global Currency Report 2017

Maison Shanghai 2017 To Be Held At Sweecc

Aug 17, 2017

Maison Shanghai 2017, co-organized by China National Furniture Association and Shanghai UBM Sinoexpo Int'l Exhibition is to be held on the 12th to the 15th of September. To be held concurrently with the Furniture China in Pudong, it will be organised at the Shanghai World Expo Exhibition & Convention Centre (SWEECC). The brand will have three themed sectors of Design China, Maison Blocks and Maison Essential. These three areas are to focus on Aesthetic Trends, Urban Trends and Home Aesthetics, respectively. 

Viega Advantix Vario- A Tailor Made Shower Channel

Aug 17, 2017

Viega Advantix Vario shower channel has a high level of flexibility, from long to short, in L-shape or in a U-shape, and three connecting elements to assist the unique feature. It is the first shower channel that can be shortened exactly to the required length. On the other hand, even at a low installation height, it gives a drainage capacity of 24 litres per minute. For its flexibility, minimalism and top performance, the innovative Viega Advantix Vario shower channel designed by Artefakt Industriekultur, the Darmstadt design agency has been recognized by many prestigious entities. Viega was founded in Attendorn, Germany, in 1899. Worldwide, more than 4,000 people are employed by the Viega Group, which is a manufacturer of installation technology for sanitary and heating. The range consists of approximately 17,000 articles in the product categories of piping systems as well as pre-wall and drainage technology.

Ahec Unveils ‘seed To Seat’ Furniture Collaborative At ‘100% Design South Africa’

Aug 16, 2017

The American Hardwood Export Council (AHEC), a leading international trade association for the American hardwood industry, unveiled its ‘Seed to Seat’ furniture collaborative at ‘100% Design South Africa’, Africa’s premier exhibition and sourcing platform for high-end contemporary design, held at the Gallagher Convention Centre, Johannesburg. Given an open brief and asked to design ‘something to sit on’, the designers have created seven unique pieces using American tulipwood, red oak, soft maple and cherry, which are less well-known American hardwood species in South Africa. The project in South Africa is the third edition of ‘Seed to Seat’, which was initially launched in Australia last year and in Dubai earlier this year.