Latest Realty News of Punjab

Hidco eyes rich harvest by plot sale
Jun 03, 2013
fter reaping rich harvest last year by selling off lands, The Housing Infrastructure and Development Corporation (Hidco) has again put up several commercial plots for sale.
DLF to invest about Rs 3,000 crore to build new projects in FY'14
Jun 02, 2013
Realty major DLF LtdBSE -5.41 % will invest about Rs 3,000 crore this fiscal on construction of various projects and is targeting sales booking of more than Rs 6,000 crore.
Housing Development & Infrastructure Ltd served termination notice from MIAL
Jun 01, 2013
Housing Development & Infrastructure Ltd (HDIL) has received a termination notice from Mumbai International Airport Limited (MIAL) for its slum rehabilitation project, it said on Wednesday.
North Chennai home rates grow fastest
Jun 01, 2013
Northern parts of Chennai have long been considered the backwater region of the city. But the residential price index (residex) put out by the National Housing Bank (NHB) shows that Ayanavaram, Kolathur and Purasawalkam have seen the maximum appreciation in residential prices in the last six years across the country.
Luxury brands now get more room for growth in malls
Jun 01, 2013
Mall developers in India are setting aside up to 40% space for luxury brands, hoping to tap new money by offering labels such as Jimmy Choo, Canali and Gucci alongside mass-market products.
GMR infra back in the black with Rs 519 crore profit
Jun 01, 2013
Infrastructure major GMR Group Friday reported a consolidated net profit of `519.17 crore for the quarter ended March, 2013 as against a net loss of `366 crore in the corresponding quarter.
DLF targets new sales booking of more than 50% in FY'14
Jun 01, 2013
Realty major DLF LtdBSE -5.41 % today said it is targeting more than 50 per cent jump in new sales booking to Rs 6,000 crore in the 2013-14 fiscal.
Mumbai leaseholders opt for govt’s one-time premium offer
Jun 01, 2013
Plot holders are latching on to the state’s move to offer its leased lands on occupancy basis. While 22 plot holders in the suburbs have opted for the option, only six have chosen the other preference that involves renewal of lease by paying revised lease rents.
Mumbai Metro pushes property values in Ghatkopar and Andheri
Jun 01, 2013
The upcoming Mumbai Metro, which has been in the news for a long time, will finally be running across the city in another six months.
Singapore team expresses interest in infrastructure projects
Jun 01, 2013
In signs that the state's government initiatives to attract industry may be yielding results, a government-cum-business delegation from Singapore has evinced interest in investing in infrastructure projects, the proposed IT City at Lucknow,
Current realty prices in metros may be unsustainable: Report
May 31, 2013
Investment demand for real estate in the metros, rather than the demand from those who want to stay in the house they are buying, seems to have outpaced the rise in home prices in these cities compared to in the smaller ones. And this faster pace of rise in real estate prices in the metros may eventually turn out to be its own undoing, a report by Japanese financial services firm Nomura pointed out.
Realty prices in Puducherry’s French quarter take a hit
May 31, 2013
It's an inevitable domino effect. The local government's civic apathy is robbing Puducherry of its real estate sheen. According to sources, the attraction of the city's famed White Town or French quarter - whose limited residential properties have always attracted both well-heeled locals and expats - is wearing off thanks to mounting garbage, litter-lined streets and hand-cart hawkers.
Online registration of properties introduced in West Delhi
May 31, 2013
People in West Delhi can now expect hassle-free registration of properties with Chief Minister Sheila Dikshit today launching an online system to ensure transparency and offer people a seamless experience.
Mid income homes drive property sale in Bangalore
May 31, 2013
Bangalore's residential real estate market remains resilient despite global turmoil driven by demand for mid-end homes. The city saw 35,500 residential units launched during 2012 and around 8,000 units in Q1 2013.
Bangalore drawing NRI investors in real estate
May 31, 2013
A growing number of NRIs across the US prefer to invest in real estate back home due to a combination of factors. The capital appreciation in India, competitive local lending rates in the US, easing of investment norms by the government, repatriation facilities and availability of property management services are primarily instrumental in driving them to investing in real estate here.
Small builders drive residential development in Hormavu, Bangalore
May 31, 2013
Hormavu, a suburb in North Bangalore, is fast developing as a sought after residential locale predominantly due to its good connectivity to all major parts of the city. In the absence of established developers, small city-based builders are offering varied residential options to potential clients.
Development plan for Bharuch, Ankleshwar discussed
May 31, 2013
Bharuch Ankleshwar Urban Development Authority (BAUDA) has started consultations with stakeholders from the twin cities on a new development plan. People from various sections of the society participated in the first such meeting held on Wednesday.
Bad loans to soar on new RBI norms
May 31, 2013
The Reserve Bank of India has said that from April 2015 banks will no longer have the leeway to relax repayment norms for troubled companies without classifying their loans as non-performing assets, which would lead to a surge in bad loans. RBI has also asked banks to increase provisions on loans restructured from June 2013 to 5% from the present requirement of 2.75%.
JLLI closes Pune's largest M&A deal of 2013 at Blueridge SEZ, Hinjewadi
May 30, 2013
Leading international property consultants Jones Lang LaSalle India have successfully concluded the largest M&A real estate deal in Pune this year to date. Acting on behalf of the company holding BlueRidge Special Economic Zone (SEZ) Phase 1, the Firm's Capital Markets team has successfully facilitated the sale of 100% equity in the company to IDFC Limited, one of India's largest domestic financial institutions.
Noida circle rates to go up, 17-35 per cent hike proposed
May 30, 2013
Buying land or a house in Noida, Greater Noida or along the Yamuna Expressway may soon get costlier as the stamp and registry department has proposed to increase the circle rates by up to 35%. This proposal comes within days of the three development authorities hiking property rates by up to 30% after their board meeting on Saturday.
Eden City launches “Homegain” – home owning option
May 30, 2013
Eden City Group one of the renowned real estate developers in the city with its flagship project Eden City Maheshtala has announced ‘Homegain’, an innovative home owning option. ‘Homegain’ home owning option is offered for its ready-to-move-in apartments that allow one to take possession of his new home by paying a minimum of 20% of the property value. The buyer is also required to sign a home loan agreement for the balance amount; the EMI for which starts after one year.
MCHI-CREDAI to focus on generation next developers
May 30, 2013
In a bid to strengthen its presence in Mumbai Metropolitan Region (MMR), developers body MCHI-CREDAI has decided to set up its Youth Wing and increasingly involve the generation next.
Noida Board approves Rs 10,017 crore budget
May 30, 2013
Noida Board on Monday gave its approval for a Rs 10,017 crore budget for the year 2013-14, which is 43 percent more than last year's budget.
Property prices stagnant in Indore
May 30, 2013
Prices of residential properties in Indore continue to be stagnant compared to price of residential properties in Bhopal. It is despite the fact that both in the state are among 20 cities of the country, which have witnessed the maximum price hike in residential properties during January-March 2013 over the previous quarter, as per a study by the NHB (National Housing Bank) Residex.
Rajiv Awaas Yojana to make Allahabad slum-free
May 30, 2013
The city slums are set for a makeover. The slum dwellers would be provided concrete houses under a comprehensive project under the Rajiv Awaas Yojana. On Monday, a workshop was organized for the same where corporators and district authorities exchanged views, complaints and suggestions over it.

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