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Mantri Developers Sells Rs 6-Crore Penthouse on Snapdeal

In what Mantri Developers calls the biggest online home sale till date, the Bengaluru-based real estate developer has sold a luxury penthouse in the IT capital of India on e-commerce platform Snapdeal. The penthouse has fetched Mantri Developers a whopping Rs 6 crore. Mantri Developers recently tied up with Snapdeal to sell premium and luxury […]

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Realty Industry Welcomes PM’s Smart Cities Mission

Mumbai: Welcoming Prime Minister Narendra Modi’s mega flagship schemes aimed at developing smart cities, realty industry said the move will provide the much-needed impetus for infrastructure development and strong growth for allied industries. PM Modi launched three projects — 100 smart cities, Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and Housing for All — […]

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Miami’s Luxury Market Enjoying Higher Median Sale Prices in 2015

According to the Miami Association of Realtors, Miami’s luxury properties saw a significant year-over-year rise in median sales prices in the first quarter of 2015. Single-family homes priced at $1 million or above had a median sales price of $1.7 million in the 2015 first quarter, a 6.25 percent increase from $1.6 million in the […]

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Foreign Investment Driving Australia’s Inner City Development Boom

According to a new report by CBRE, Australian developers pounced on close to $4 billion of inner city residential sites in Sydney, Brisbane and Melbourne in the 12 months to April 2015, with offshore buyers leading the charge. CBRE’s ViewPoint analyzes sales within a five kilometre radius of the CBD’s of Sydney, Melbourne and Brisbane. […]

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Unitech Raises Rs 70 Cr From Piramal Group

New Delhi: Realty firm Unitech Ltd has raised about Rs 70 crore from the Piramal group to complete construction of a joint venture housing project in Chennai. The company is developing a project – North Town – of about 49 acres in Chennai in partnership with another realty firm Arihant. About 2,400 flats and villas […]

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Finnish Property Sold for $242 Million

Finnish media company Sanoma has sold its headquarters in Helsinki to German realestate fund Deka Immobilien for €176 million ($242 million). The property is home to Sanoma’s editorial offices of its two largest newspapers, Helsingin Sanomat and Ilta-Sanomat, as well as its TV and radio operations, according to the company announcement. The media company will […]

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DB Realty to Develop 29-Storey Residential Tower in Mumbai

Real estate firm DB Realty today said it will develop a 29-storey residential tower in the suburban Mumbai in the Bandra Kurla Complex (BKC). “MIG (Bandra) Realtors & Builders, a wholly-owned subsidiary of DB Realty, has undertaken development of land spread across 20,150 sq mt in the BKC,” the company said in a filing to […]

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Asia Accounts for Four of Five Most Expensive Office Markets Globally

Based on CBRE’s semi-annual Global Prime Office Occupancy Costs survey, Asia continued to dominate the world’s most expensive office locations, accounting for four of the top five markets. London’s West End remains the world’s highest-priced office market. London’s West End’s overall prime occupancy costs topped the ‘most expensive’ list at US$267 per sq. ft. per year. Hong […]

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Residential property prices in Dubai still falling, latest analysis suggests

Residential real estate prices in Dubai continued to fall in the first six weeks of the second quarter of this year compared to the first three months of 2015, according to the latest data. However it is not necessarily bad news, according to the mid quarter research report from Phidar Advisory. ‘The ongoing erosion of […]

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Regulation and tax set to impact property markets in Asia Pacific region

Monetary policy, tax, regulations and underlying fundamental drivers such as demographics and urbanisation will have a significant impact on property markets in the Asia Pacific region, according to the latest real estate analysis. The region’s economies are moving at multiple speeds with differing drivers and local dynamics, producing quite a wide range of housing market […]

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