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Luxury Properties Priced Above Rs 7 Crore Raked In The Moolah In Mumbai


Luxury properties priced above Rs 7 crore raked in the moolah in Mumbai
Some real estate brands in Mumbai witnessed luxury home sales worth over Rs 500 crore on the back of stamp duty cut and festive offers.
Luxury and branded home segment benefited the most as a result of reduction in stamp duty charges and low interest rates in Mumbai. While mid-income housing projects did offload considerable inventory, luxury housing projects raked in the moolah, says a new report by CRE Matrix, a real estate intelligence firm, and IGR Maharashtra.
According to the analysis, the top selling projects in the calendar year 2020 in Mumbai basis the value of the units sold included Indiabulls Real Estate for the project Blu that sold units worth Rs 598.8 crore; K Raheja’s Artesia that sold units worth Rs 591.3 crore; Avighna’s One Avighna Park that sold units worth Rs 386.2 crore; Runwal’s The Residence that sold units worth Rs 325.5 crore; and Oberoi Realty’s Three Sixty West ....

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Equity indices trade in range; auto stocks tumble


Benchmarks traded sideways with a negative bias in mid-morning trade. At 11:30 IST, the barometer index, the S&P BSE Sensex, fell 32.52 or 0.07% at 46,928.01. The Nifty 50 index declined 17.8 points or 0.13% at 13,742.95.
In broader market, the S&P BSE Mid-Cap index was down 0.17% while the S&P BSE Small-Cap index was up 0.09%.
The market breadth, indicating the overall health of the market, was almost even. On the BSE, 1351 shares rose and 1363 shares fell. A total of 139 shares were unchanged.
On Friday, Foreign portfolio investors (FPIs) bought shares worth Rs 2,720.95 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 2,424.61 crore, provisional data showed. ....

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Market drifts lower in early trade


Key indices are trading lower in early trade on negative Asian stocks. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 192.68 points or 0.41% at 46,768.01. The Nifty 50 index was down 59.60 points or 0.43% at 13,700.95.
The S&P BSE Mid-Cap index was down 0.6%. The S&P BSE Small-Cap index was up 0.44%.
The market breadth, indicating the overall health of the market, is weak. On the BSE, 870 shares rose and 1235 shares fell. A total of 88 shares were unchanged.
Stocks in news:
Reliance Industries (RIL) advanced 1.12%. RIL and bp on Friday announced the start of production from the R Cluster, ultra-deep-water gas field in block KG-D6 off the east coast of India. RIL and bp are developing three deepwater gas projects in block KG D6 - R Cluster, Satellites Cluster and MJ - which together are expected to meet approximately 15% of India s gas demand by 2023. These projects will utilise the existing hub infrastructure in KG D6 block. RIL is the operator of ....

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RIL, Infosys, Lupin in spotlight


Reliance Industries (RIL) and bp on Friday announced the start of production from the R Cluster, ultra-deep-water gas field in block KG-D6 off the east coast of India. RIL and bp are developing three deepwater gas projects in block KG D6 - R Cluster, Satellites Cluster and MJ - which together are expected to meet approximately 15% of India s gas demand by 2023. These projects will utilise the existing hub infrastructure in KG D6 block. RIL is the operator of KG D6 with a 66.67% participating interest and bp holds a 33.33% participating interest.
Infosys on Friday (18 December 2020) announced that it has divested one-third of its holding in Boston-based Whoop Inc for about $10 million. In 2015, Infosys had made a minority investment of $3 million in Whoop, which offers performance optimisation solutions for professional athletes and sports teams. ....

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Oberoi Realty Limited's subsidiary acquires hotel property for Rs. 1040 crore


Oberoi Realty Limited s subsidiary acquires hotel property for Rs. 1040 crore
Posted On:
2020-12-19 10:24:43
(Time Zone: Arizona, USA)
Evenstar Hotels Private Limited ( Evenstar ), a wholly owned subsidiary of Oberoi Realty Limited, has purchased and taken possession of a hotel property (together with appurtenant
rights, proportionate interest in common areas, and conveniences) situate at Dr. Annie Besant Road, Worli, Mumbai, for a consideration of Rs. 1040,00,00,000 (Rupees One Thousand and Forty Crore only).
The hotel property is a 221 key 5 Star hotel and will be operated and managed under the Ritz-Carlton brand. Prior to the acquisition by Evenstar, the hotel property was owned by Oasis Realty (an association of persons), and is part of the project Three Sixty West developed by Oasis Realty. ....

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