MARG Real Estate News Digest

Borivali property sells for record price @ 1.5 lakh/sqft.

MUMBAI: In what could easily be the most expensive land deal in the metropolis, a building in suburban Borivali (West) was sold for a whopping 1.5-lakh per square feet for commercial purpose but an expert said that the pricing would not become a norm for the area. The building — Mangal Kunj — measuring over a lakh square feet has reportedly been sold to a matka king. Mangal Kunj is a complex comprising five buildings and around a 100 shops.. Read Full Story

LIC to build mall-cum-office complex at Mohali, to invest Rs 1000 crore

CHANDIGARH: Insurance major Life Insurance Corporation of India (LIC) today said that will invest a sum of Rs 1,000 crore to develop a mall-cum-office complex at Mohali.

“The expected investment in developing a mall-cum-office complex in Mohali will be Rs 1,000 crore and it may be ready within one-and-a-half to two years,” a senior LIC official, who declined to be identified, told reporters here…Read Full Story

Saving tax when selling property

Property values have shot through the roof. There are many who are, hence, investing in property these days. Property may be sold either to buy another one or to book a profit, when the valuations have become attractive….Read Full Story

Tallest Apartment Building planned in Kerala

Kozhikode will soon have what is claimed to be the tallest apartment building in Kerala, complete with two helipads. The 40-storey building forms part of an apartment complex coming up at Karaparamabu junction in Kozhikode, with two other buildings having 30 and 10 storeys each….Read Full Story

Mangalore Realty looking up

The residential space in Mangalore is expected to see an addition of more than a million sq.ft in the next two to three years through major projects. If the number of small players in the market is taken into consideration, the built-up area will be much more….Read Full Story