• Union Budget 2017-18 makes real estate more affordable | 2017-02-02 00:49:18
    Union Budget 2017 proposes several positive measures for the real estate sector. Below are the key positives measures included. 
    Infrastructure status to affordable housing, which will reduce the cost of funding for the builders, the benefit of which he can pass on to the purchasers. 
    Capital gain tax period reduced to 2 years from 3 years, which means less capital gain tax for a person who intends to sell the house after two years of purchase instead of 3 years. 
    Notional tax on the unsold but ready inventory to be charged only after 1 year. The land holder in any real estate project has to pay tax on the gains only once the project is complete. Earlier the land holder had to evaluate the price of the land held while entering into an agreement with the builder and pay the tax on the notional gains. Now this payment would be deferred, thus encouraging more land holders to enter into development with realtors. This would increase the supply of properties, thus a positive for home buyers. 
    The 30 square meter limit for affordable housing will apply only in case of municipal limits of 4 metro while rest of the country including in the peripheral areas of metros 60 square meter will apply. This will make apartments in non-metros cheaper. 
  • What's new in Budget 2017 for real estate sector? | 2017-02-01 23:29:45
    Finance Minister Arun Jaitley in his Budget 2017-18 speech has given one of the much needed thrust to the Indian real estate sector. The minister announced that the ‘Affordable Housing’ will be given ‘Infrastructure’ status, which is likely to result in increased participation from private players. 
    “The announcement of affordable housing being given Infrastructure status is a welcome move and will act as a catalyst to meet the objectives of Housing to all by 2022. Credit off-take towards affordable segment of housing will lead to creation of supply especially for both stake holders the first home buyer and developer who will now have access to cheaper funding,” said Ravi Ahuja, Executive Director, Office Services & Investment Sales at Colliers International India. 
    Jaitley also announced that National Housing Bank will refinance individual loans worth Rs 20,000 crore in 2017-18. “NHB allocation will give a big push to affordable Housing Finance Companies namely AU housing, Gruh Finance, Repco,” said India Ratings. 
  • Home loans cheapest in 6 yrs | 2017-01-02 02:52:57
    The steep cuts in bank home loan lending rates from a slew of banks have come as good news for new borrowers. State Bank of India (SBI)’s effective home loan rates will now be at 8.6 percent compared with 9.1 percent earlier. This is adding the 60 basis points spread above the new MCLR (marginal cost of lending rates) of 8 percent. Other banks like Punjab National Bank, Union Bank of India too, have brought down their benchmark lending rates by up to 0.9 percent. This is good news for new borrowers since big reduction in home loan interest rates means their loan tenure would come down by a few years for those who opt for 20-25 year home loan, but existing borrowers may not benefit since banks have retained their base rate where it is based on which the old contracts are agreed upon. That is so unless these customers pay a fee and shift their loans to the MCLR-based loan structure.
  • Kochi - South India’s one of the Real Estate Hotspots | 2016-12-09 22:12:45
    Kochi is an emerging metropolis where modern urban lifestyles are merging with the city’s traditional framework. During its initial realty boom, Kochi grew exponentially, with more people migrating to the city and consuming even the outlying catchments of Kakkanad, Palarivattom, Vytilla, Edappally and Kadavanthra.
    Development of IT/ITES projects such as the Kochi Smart City and initiatives to channelize traffic and improve connectivity – such as the Mobility Hub at Vytilla – have fuelled the current real estate boom, with more and more developers cashing in.
    The days when builders in Kochi focused only on affluent buyers are over. The Kochi residential real estate market is now replete with affordable housing projects, which account for about 60% of the total housing development in the city. The soaring land prices have made it difficult to own or build independent houses, which were once the most popular configuration in Kochi. There is an increased demand from the emerging mid-income segment that wants homes packed with amenities at affordable prices.
    The demand for budget housing is so strong that supply has penetrated even the poshest areas. The prime localities that offer luxury multi-storey apartments, such as Marine Drive, are seeing the arrival of affordable and mid-income housing projects in the vicinity to the more expensive waterfront apartments and villas.
    While the global recession in 2009-’10 impacted all markets across the country, there was no decrease in Kochi residential real estate between 2012-13. Kochi is an investor market with many investments coming in from the Gulf via NRIs. In most cases, flats in new projects are sold out to the tune of 80% very quickly, but less than 20% would be actually occupied.
    Luxury apartments on Marine Drive were quoted at Rs. 3800-4000/sq.ft in 2008-’09. Now, the rates for premium apartments in this area have almost doubled. Mid-range apartments by local developers are usually sold out by upto 90% of the inventory over a period of 1.5-2 years. The apartments in non-prime areas need to sell at price tags of upto Rs. 70 lakh.
    Juggy Marwaha, Managing Director – South, JLL India
  • Top reasons why property seekers should invest in a property today:
    Lower home loans
    Demonetisation has increased the flow of money into banks from the unorganised and the small scale industrial sector by compelling these sectors to deposit their savings in banks. It has opened a window of opportunity for everyone to avail home loans at significantly lower rates allowing them to fulfill their dream of owning a home.
    Restoring the stalled projects
    Projects that were being delayed because of cash crunch, will now pick up speed. The cash flow with banks will also mean that industry can avail loans from banks at better lending rates than what was being offered in the past. This will be a major relief to consumers.
    Investment in infrastructural development
    Demonetisation will increase the percentage of money being accounted for and will therefore result in a rise in the collection of taxes. The government will have more resources at their exposure to invest in infrastructural development of the country. Providing connectivity to the consumers who have invested in affordable housing projects in town peripheries will gain from the development.
    Transparent home buying process
    Demonetisation has ushered in a shift to cashless economy. Card transactions are not only beneficial for customers in terms of ease of use and time saving but are also transparent in nature.
    Buyer’s market
    While demonetisation has made us all cautious of our spending, it is important that home buyers make the most of this opportunity. Home buyers looking to invest in homes financed by loans should be rest assured that this is the perfect time with all the above reasons placing them at an advantage.
  • Skyline Builders now one of the first ISO 9001:2015 certified builders in India. This has been certified by Bureau Veritas, an internationally recognised certifying body. It attends to various aspects of quality management, ensuring that products and services delivered are of the highest quality, consistently meeting customer requirement. #ISO 9001:2015


  • Mathrubhumi My Home Expo 2016 | 2016-11-18 10:57:25

    Mathrubhumi My Home Expo 2016 at Jawaharlal Nehru Stadium, Kochi. Get to know more on Builder's latest projects across Kerala. Dates: 18th, 19th, 20th & 21st November Time: 11:00 AM - 8:00 PM

  • Inaugural Ceremony and Key Handing Over function of Confident Indus, Luxury Apartment Project at Palachuvadu, Near Vennala, Cochin.

    Bhoomi Pooja function of Confident Group’s New Regional Office at NH Bypass, Cochin.

    Launch of Confident IRIS, Luxury Apartment Project Near Infopark/ Kakkanad, Cochin held on 12th Nov 2016 presided over by Dr. Roy C J, the Chairman of Confident Group.


  • Nucleus Premium Properties,the popular realty brand has a long standing experience in the world of real estate development. Always driven by passion to make it better and better with each passing project, they have now come a long way from being just a realty brand, to come out with an interior brand giving you customisable, intricately designed interior concepts for your home and work spaces - through Nucleus Insides. 

    The interior design concept mainly revolves around four main plan layouts, namely, à la mode, a modern contemporary design with a sophisticated look and feel; Perumthachan, a traditional and earthy design, which uses wood as a primary element, Tasmim, inspired from classic Arabic interiors, with a warm, luxurious vibe; and Eclettico, which has a playful and personal feel, with strong, singular accessories; all designed and processed in their very own dedicated manufacturing factory, housing imported machinery and skilled work force.

    Nucleus Insides was launched on the 24th of October at Le Meridian, in the presence of the popular cine actor Padma Shri Bharat Mammootty, along with Mr, Nishad NP, Managing Director; Mr. Naushad NP, Director; Mr. Nashid NP, Director and Mr. Abdul Nazer NP, Director, marking the start of new beginnings in the interior design industry.

  • is coming out with Property awards 2016 | 2016-10-27 02:01:32 is coming out with Property awards 2016 for the excellence in Realty. Projects in Kerala. Projects completed and handed over during the period January 2014 to 30th September 2016 will be eligible to apply for this contest.

  • Realty sector welcomes RBI's move on rate cut | 2016-10-05 04:38:40

    At this point of time when the sentiments are positive and people are eager to buy and invest in property, banks will now cut interest rates, that will allow buyers to get their EMIs reduced. The demand will witness a better rise in the current festive season which will allow the inventory to clear in major metro cities. Realty sector welcomes this move by RBI.

    Manoj Gaur, President, CREDAI-NCR & MD, Gaursons India Ltd.


  • Kochi Smart City to be completely up and running by 2020 | 2016-09-17 00:34:08
    THIRUVANANTHAPURAM: Kerala's signature IT project - Kochi Smart City - will be fully operational in 2020, said a top official on Thursday.
    Jaber Bin Hafeez, representing Dubai Smart City, partners of the ambitious project, said on Thursday that there need be no apprehension about the project and everything is going according to schedule.
    "This project is between the Kerala and Dubai governments. The first phase has already been commissioned and very soon 5,500 people will be working in it. The project will become fully operational by 2020," said Hafeez.
    The Kochi Smart City's first phase - 6.5 lakh square feet space -- was inaugurated in February this year by the then chief minister Oommen Chandy.
    On Thursday, the first director board meeting of the reconstituted director board of Kochi Smart City was held.
    In May this year after the new Pinarayi Vijayan government assumed office, the Chief Minister was elected as the chairman of Kochi Smart City. On Thursday, he chaired the meeting alongside officials from the Dubai Smart City, the partner of the project along with the Kerala government.
    Coming up in 246 acres at Kochi, when fully operational there will be one lakh jobs and the total area earmarked for IT operations will be 67 lakh square feet and 21 lakh sq ft for non-IT needs.
  • CREDAI property show at Kochi (18 Aug - 21 Aug) | 2016-08-17 11:02:53

    Hundreds of apartments and villas will be showcased at the ‘CREDAI Property Plus’ expo beginning at the Jawaharlal Nehru International stadium in Kaloor on Thursday.

    The event is being organised by the Kochi chapter of the Confederation of Real Estate Developers Associations of India (CREDAI). Villas and apartments from over 100 projects by various builders will be presented during the four-day expo. Many home accessory brands will be also featured on the occasion.

    Customers will have access to reputed projects across the State along with home accessories under a single roof.

    The expo will also feature various financial institutions providing home loans to customers. The event will conclude on August 21.

  • Kalyan Developers to invest Rs 300 crore in Kerala | 2016-07-26 23:28:34
    Kalyan Developers, the sister concern of Kalyan Jewellers, is investing Rs. 300 crore as part of its expansion plan in Kerala. The company has planned three new residential projects in Thiruvananthapuram , two of which will be launched this month with nearly 100 apartments on offer. The third one will be launched before the end of this year.
    Kalyan Developers will also add five new residential projects in Kochi, Kottayam and Thrissur. Kalyan Developers will invest Rs. 300 crore for the eight new projects with a cumulative development area of 10 lakh square feet. Presently, the company has 6 lakh square feet of ongoing and completed residential projects in the state.
    T.S.Kalyanaraman, chairman of Kalyan Developers said, "We are bullish about our growth prospects in Kerala and believe that the Rs. 300 crore investment will augment the infrastructure endeavours of the state and support the growing need for quality homes"
    Since its inception in 2011, Kalyan Developers has focused on building homes that provide the latest in amenities. R Karthik, managing director of Kalyan Developers added: "Kalyan Developers has an enviable track record of delivering quality homes on time and exceeding customer expectations".
  • Indian real estate takes smart turn to affordable housing | 2016-07-18 23:16:14

    Indian real estate, these days is buzzing with two words – affordable housing. Government’s initiatives towards achieving their dream of ‘Housing for all by 2020’ have paved way for this revolution. Today, sector is flooded with affordable homes being launched by every developer to get a pie of this big market. So what does affordable home offers; is it a cost benefit in remote location with reduced amenities?

    Well, this is what most think and getting mis-led. The objective is to make homes that are cost effective and affordable but not at the cost of quality of living it offers but by smart planning. Smartly designed and planned affordable homes are high on amenities and offerings but low on cost.

  • Will the home buying transaction completely move online? | 2016-07-12 09:11:29
    Before the internet, the only way to be able to find homes for sale, was to drive around and look for ‘home for sale’ signs or enlist the services of a broker. With such a method, home seekers ran the risk of missing out on viable options. However, in the last few years, the digital boom has simplified real estate investing as well. Several sites are making buying a home online, easy and accessible and have paved the way for the public to access crucial information. This includes details such as the location, property pictures, developer’s reputation, project specifications, configurations and costs. Users can also compare two or more projects and localities.
    Some residents like Radha Iyer, have already benefited from these online services. Iyer bought a home in Bhayander about a decade ago. Back then, she had to rely on traditional classifieds to find a suitable property. When this proved highly ineffective, she went house hunting herself. “Most of my visits were particularly meant to observe the growth in the area than actual home seeing,” explains Iyer. “These tasks are now taken care of by websites that allow brokers, sellers, and developers to be creative and comprehensive with property listings. They upload several photos and provide detailed descriptions of the property. Some even offer videos or 360-degree photography tours, thus, making house hunting fun,” she adds.
  • Kochi emerging as the next highly preferred destination | 2016-06-29 23:01:26

    As Kochi expects an investment of Rs.2,076 crore, Kerala’s fastest-growing metropolis is likely to become the next highly-preferred real estate destination in India. “Kochi hits a six to become the next highly preferred real estate destination in India,” stated JLL India in its latest report.

    “Kochi, which was earlier struggling to recover from an oversupply scenario, will see a massive revival due to creation of demand from these initiatives,” said A. Shankar, National Director and Head of Operations – Strategic Consulting, JLL India, a leading global property consultancy and research firm. According to him, there are six reasons, which would help the city to expand further: inclusion in the top 20 Smart Cities; the first Indian Tier-II city to propose metro rail; new international airport terminal to cater growing demand; venue for one of two submarine cable landings in India and home to India’s first global hub terminal.

    Water management and e-governance are focus areas as part of pan city solutions which will help Kochi access improved and planned infrastructure with assured water and power supply, sanitation and solid waste management, efficient urban mobility and public transport and IT connectivity.

    “Kochi-Mattancherry-Central City, which is selected as the area for development, will witness intense development in the coming years,” said the report, adding, “numerous developers are trying to acquire land for real estate development in and around this area and the ‘Smart City’ tag is expected to boost prices exponentially.”


    “Real estate will be greatly influenced once Kochi Metro becomes operational. Land prices along metro corridors have increased by 10 to 15 per cent after announcement, and are expected to increase further,” he said.

    Once operational, the new international terminal of Cochin International Airport Ltd (CIAL) will have a very positive economic impact and uplift the real estate market in the whole region. “The completion of the international terminal, along an operational metro, will give significantly boost the city’s real estate market – and the catchment itself is expected to witness 15-20 per cent rise in property prices,” it added.

    The International Container Trans-shipment Terminal (ICTT) at Vallarpadam, makes Kochi the premier port gateway to South India. Warehouses and other port-based industrial developments will see growth in these areas and lead to vastly increased port-related activities.

    Moreover, Kochi sees an annual tourism influx that equals about four times its population , of which 14 per cent accounts for foreign tourists, and reflects an annual increase of about 6 per cent.


  • Indiabulls to raise Rs1,000 crore from NRIs for real estate fund | 2016-06-24 01:16:20

    Indiabulls Alternative Investments Ltd plans to raise as much as Rs.1,000 crore for a new fund from non-resident Indian (NRI) investors based in West Asia, Asia-Pacific and Europe.

    India Opportunities Fund, a real estate-focused, alternative investment fund (AIF), allows NRI investors, along with persons of Indian origin (PIOs) and other foreign investors, to participate in domestic real estate investments.

    It plans to initially raise Rs.500 crore and raise an additionalRs.500 crore in case of higher-than-expected demand.

    The fund has a tenure of four years, extendable by a year.

    Indiabulls Alternative Investments is both sponsor and manager of the fund.


  • Indian real estate may attract $2 billion investment from Japan | 2016-06-15 09:50:15

    Japanese developers and private equity investors are looking to enter Indian property market and could invest at least USD 2 billion over the next three years in residential as well as industrial projects, says JLL. Realty consultant JLL India said in a report that the country is emerging as major investment destination for Chinese and Japanese developers.

    China's biggest developer Wanda has signed an MoU with Haryana government earlier this year and more developers from China and Japan are expected to enter the Indian realty market, it said. Private equity investors from these two countries are also looking at entering India's real estate sector, it added. "Japanese developers are keen to explore strategic partnerships and enter into joint ventures with Indian builders, and are particularly interested in industrial projects. There is likely to be an inflow of at least USD 2 billion in investments from Japan into the Indian real estate market over the next three years," JLL India Chairman and Country Head Anuj Puri said. After 100 per cent foreign direct investment (FDI) was allowed into the real estate industry, it was only a matter of time before foreign developers made big investment announcements, he said.

  • Pioneers in introducing revolutionary housing concepts is proud to announce our new project in the CULTURAL CAPITAL of Kerala. Orion is a luxury Apartment located at Christopher Nagar which is just 15 minutes hassle free drive from Swaraj round and it is close to the National Highway. Confident Orion is in the location where most of the recent developments are occurring in the beautiful city of Thrissur. The environment that surrounds this project is unpolluted and stress free because of its purity and tranquility. The project is strategically located for convenience and easy accessibility with close proximity to Major Hospitals,Schools, colleges etc. Confident Orion embodies a truly luxurious lifestyle to the residents and unquestionably answers many of the home buyer’s dream of owning a luxury home at an affordable Price. Confident Orion has 15 floors including the Ground floor with a total of 90 Apartments. This well designed apartment project is developed with 2 and 3 Bedrooms for your luxury living with ample Natural lighting,Fresh air and Plush greenery views.
  • Bengaluru will host the third edition of CoreNet Global’s Corporate Real Estate meet on June 15. CoreNet Global is the world’s premier association for corporate real estate professionals. It has been successful in bringing together thought leaders across Fortune 100 companies to identify collaborative solutions for corporate real estate challenges faced at an economic level. In India, CoreNet Global is associated with leaders at the ranks of Ram Chandnani, Managing Director (transactions services), CBRE South Asia, and Venu Kota, Director, Corporate Real Estate, Visa Inc., to name a few. The event themed as Corporate Real Estate in India: Coming of Age’ will be held at ITC Gardenia, Bengaluru. “CoreNet Global, with its global touch-points and varied local chapters, aims to provide India members with an existing pool of global knowhow. With the amplified attention on CRE in India, this quick adaptation and evolution are aimed at allowing stakeholders to take advantage of growth opportunities, cost-efficiencies and local competencies in the country,” said Bhumesh Gaur, India Chapter Co-Chair – Gurgaon, CoreNet Global.
  • Want to invest in real estate? Think Kochi | 2016-05-20 07:03:16
    Tier II cities in south India are emerging as out and out winner when it comes to progress. Tremendous growth potential is one of the prime factors behind this. Kochi in Kerala has outperformed their northern peers as top residential real estate destinations, as per a study by property research firm PropEquity. "Much like tier I cities, northern tier II cities are also marred by project delays, expensive properties and a demand and supply mismatch," said Samir Jasuja, managing director and founder, PropEquity, adding, "Southern India has traditionally been an end users market, which has kept its property prices in check and relatively affordable."
  • Real Estate Bill comes into Effect on May 1 | 2016-05-11 03:53:27
    The long awaited Real Estate (Regulation and Development) Act (2016) came into force on May 1. After an eight year long process, the Ministry of Housing and Urban Poverty Alleviation (HUPA) was finally able to notify 69 of the total 92 sections of the Act on April 27. This sets in motion the operationalization of the rules and regulatory infrastructure required by the act.
  • Nucleus Lavender at Eroor, Kochi | 2016-05-03 06:43:18
    Unveiling latest completed project, Nucleus Lavender at Eroor, Kochi. Key handed over to customers by Ernakulam Sub collector Shri. Suhas Shivanna.
  • Asset Homes to launch Rs 1000 crore worth projects | 2016-04-29 23:12:56
    KOCHI: The Kerala-based realty major Asset Homes is launching 12 projects in the state valued over Rs 1000 crore this year, taking the total number of projects implemented by the company to 80. Asset Homes managing director V Sunil Kumar said the new projects will include a healthcare cum residential hub in association with global healthcare chain BR Life group at SUT hospital campus in Thiruvananthapuram and an affordable housing project of about 850 apartments near Kochi. The company which posted 35% rise in its turnover to around Rs 300 crore in 2015-16 from a year earlier, has completed 43 projects while 24 are at various stages of completion. " We are the only builder to have Crisil 7 star ratings for three projects including one for villa project in Kalamassery," Sunil Kumar said.
  • Residential sector to attract $1 bn this year | 2016-04-26 05:11:22
    Residential property in India is expected to receive $1 billion investment this year, given its attractive rate of returns averaging at a high of 20-22 per cent per annum, an industry expert said in Singapore on Tuesday. "Private Equity funds in Indian real estate sector has already raised $420 million in the first two months of this year, compared to $520 million for the whole of last year," said Rubi Arya, executive vice-chairman of the Mumbai-based Milestone Capital Advisors. Mid-segment housing and affordable housing can take returns to as high as 20-22 per cent per annum through hybrid investing, that is capital security plus equity upside, she said.
  • KPMG partners with Brigade Group for WTC, Kochi | 2016-04-19 06:04:54
    In what could be the largest office transaction witnessed in Kochi in recent past, KPMG, one of the Big Four Auditing firms in the world, has taken up more than 260,000 sq. ft. of office space at World Trade Center (WTC) Kochi at Infopark being developed by Brigade Group, a leading real estate company based out of Bangalore. WTC Kochi offers 770,000 sq. ft. of premium SEZ office space being developed in two towers. KPMG already has an office in WTC Bangalore, which is part of the award winning mixed use enclave called Brigade Gateway. The auditing major had many office space options from competitors, but chose to go with Brigade Group due to the strategic combination of the World Trade Center and Brigade Group. Working out of the World’s most sought after business address- World Trade Center along with the positive experience from KPMG’s existing relationship with Brigade Group played a crucial role in the decision. KPMG expects approximately 2,600 employees to be operating from this facility. Another global MNC Xerox has confirmed 43,000 sq. ft. office space in WTC Kochi along with Boston based Visual IQ, Theory Y & Forerun Global which are some of the other companies who have already signed the agreement with Brigade Group and will start operating soon from WTC Kochi.
  • Sobha Group launches luxury project in DUBAI | 2016-04-02 04:25:21
    Sobha Group, the leading premium real estate developer, has announced the launch of Sobha Hartland Greens, a luxurious and exclusive eight storey apartment building located in Sobha Hartland, Dubai. It is part of an eight million sq.ft development with unrivalled cityside, waterside living and 30% green space right in the epicentre of Dubai. Indian real estate buyers are one of the primary segments the new project is targeting, as they are the largest investors in property among non-GCC buyers in the region. PNC Menon, Founder and Chairman, Sobha Group, said: “With the Reserve Bank of India relaxing previous rules and regulations, Dubai is steadily becoming one of the key markets to invest in for Indians. This is reiterated by the fact that Indians topped the list of expatriate real estate buyers in Dubai with investments of Dh20 billion alone in 2015, as per Dubai Land Department.The total investment by Indians went up by over 10 per cent from Dh18.123 billion reported in 2014. Whether it is in highest number of transactions or the gross total value, Indians have retained the title of top property investors in Dubai in the non-Arab category since 2012.”. Sobha Hartland Greens comprises eight floors of residential apartments varying from studios, to one, two and three bedrooms. The luxury apartments start with an attractive price from INR 1.48 crores with exceptional payment plans on offer. With Reserve Bank of India allowing all residents to remit up to USD 250,0000 per person, per year overseas, most families in India can afford the payment plans and the Dubai lifestyle. The handover of units will start from December 2017.
  • Skyline Ranch completes its first phase

    Skyline Builders | 2016-03-15 03:34:51
    Skyline Ranch, an exquisite luxury villa project of Skyline Builders, completed its first phase. It is the 107th project of Skyline Builders. The first luxury garden bungalow at Ranch was handed over to Mr. and Mrs. John in December 2015. Located in Tripunithura, Kochi, Skyline Ranch is the perfect place for community living. Nestled in 12.6 acres of lush green ambience, the 72 American-styled luxury garden bungalows are designed innovatively with landscaped open spaces. Skyline Ranch offers a host of world class amenities, including an 11000 sq.ft clubhouse. With both 3 and 4 BHK luxury garden bungalows that range from 2000 sq.ft. to 4187 sq.ft and splendid 4 acre landscaped open spaces, Ranch flawlessly blends nature, tranquillity and positive energy.
  • Asset Homes to enter the real estate segment in Sri Lanka | 2016-03-08 23:36:08
    KOCHI: Kerala-based realty major Asset Homes is all set to enter the real estate segment in Sri Lanka. It is in discussion with Sri Lankan government to develop residential townships in Colombo, in collaboration with the government. V Sunil Kumar, managing director of Asset Homes, said the discussions are in the final stages preceding the signing up of MoU. The company and the representatives of the Sri Lankan government have already been through a series of talks, and a delegation from the company had visited Sri Lanka earlier to consider the prospects and feasibility. The Sri Lanka government is on a mission to rebuild the nation from the rubble of its internal civil war of a few years ago. It is considering partnering with private enterprises with a proven track record across the world in various sectors, especially infrastructure. Asset Homes has been chosen as one of the prospective partners considering the company's track record of successful implementation of projects of international standards, Sunil Kumar said A Sri Lankan delegation, headed by Gayantha Karunathilaka, minister of mass media and parliamentary affairs visited Kochi to hold discussions with Asset Homes and assess the various projects developed by the company as a run up to the signing up of a MoU.
  • Kerala Real Estate Regulatory Authority inauguration on Thursday | 2016-02-08 08:32:53
    Chief minister Oommen Chandy will inaugurate the newly-constituted Kerala Real Estate Regulatory Authority (KRERA) under the urban affairs department on February 25. Urban affairs minister Manjalamkuzhi Ali will preside over the function to be held at the secretariat at 10am. KRERA aims to bring the construction and sale of flats and commercial complexes under the purview of law and prevent any sort of exploitations. From now on, constructions that exceeds a certain area can be put for sale only after being registered with the authority. This will ensure transparency and clarity in the sale, said KRERA chairman S Ajaykumar. "The authority will ensure the deserving legal protection to customers. The registrations will begin from March 1," he added.
  • First phase of Kerala's SmartCity project inaugurated | 2016-02-05 06:18:14
    The first phase of the Kerala's SmartCity project, which includes a Rs 400-crore 6.5 lakh sq ft information technology tower, was today jointly inaugurated by the state's Chief Minister Oommen Chandy and UAE Minister of Cabinet Affairs Mohammad Al Gergawi. The project is a joint venture between Dubai Holding and the state government Union Minister for Skill Development Rajiv Pratap Rudy, Minister for Industries and IT and Chairman, SmartCity Kochi, P K Kunhalikutty, Gulf-based Kerala businessman M A Yusuf Ali were also present on the occasion. The launch of the 4.7 million sq ft Phase II was also done simultaneously. While the first phase of SmartCity will provide 5,500 jobs, the second phase to be completed in 36 months would provide 60,000 jobs, SmartCity Kochi Infrastructure said. "It is not merely a fulfillment of a project. It is a moment... the door of Kerala has been opened to the world," Chandy said after inaugurating the dream project. He said so far youngsters had been going all over the world in search of job opportunities and livelihood. "Now we are going to see the world coming to Kerala," he said. Al Gergawi said SmarCity would become the hub of global knowledge and share knowledge with the rest of the world. "Today the first phase of this development has come to a reality. This project will be developed as a hub of excellence and the knowledge-based industry," Al Gergawi said.