Latest Realty News

Budget 2013: Luxury homes for the rich to become more expensive
Feb 28, 2013
MUMBAI/BANGALORE: Luxury homes for the rich would become more expensive after the finance minister today reduced the abatement on service tax availed by real estate developers for homes and flats above 2,000 sq ft or costing Rs 1 crore and above to 70% from 75% earlier.
Economic Survey 2013: Delays in clearances jack up property prices by 40%
Feb 27, 2013
New Delhi: Property prices in India shoot up by 40 per cent due to delays in starting of projects, which require 34 procedures to get clearance, taking an average of over six months time and the issue needs to be addressed, according to the Economic Survey.
What will Budget 2013 hold for the real estate sector?
Feb 26, 2013
Will Budget 2013 give the Indian real estate market enough lift to help it kickstart a sagging economy? Historically around the world real estate and infrastructure are sectors that can add a lift to the economy when it stagnates.
Realty expo to showcase dream homes in the city
Feb 05, 2013
MANGALORE: Manipal Ace, a subsidiary of Manipal Media Network, is all set to host HDFC-Mangalore Realty Expo 2013.
Credai Odisha is going to organize a Property Expo from 19th Jan 2013
Jan 12, 2013
Bhubaneswar: January 12, 2013: The Confederation of Real Estate Developers Association Of India [CREDAI], Odisha Chapter is going to organize a property show from 19th Jan to 21st Jan 2013 at Hotel Swosti Premium, Jaydev Vihar, Bhubaneswar.
Buying a house: How to bag a good property deal in 2013
Dec 31, 2012
The passing year witnessed insipid growth in the residential property market, with buyers turning cautious and hoping for a price correction and lower home loan interest rates. The developers managed to hold on to the ticket prices of their projects, but were forced to offer discounts to generate sales.
Credai Nashik Realty Exhibition begins from today
Dec 20, 2012
NASHIK: A four-day real estate expo called 'Shelter: 2012', organised by the Confederation of Real Estate Developers' Association of India (CREDAI), Nashik, will begin from Thursday.
‘State government planning Vision 2030’
Nov 05, 2012
THIRUVANANTHAPURAM: After the one year programme, the State Government will initiate Vision 2030, a comprehensive programme for the overall development of the state, Chief Minister Oommen Chandy said.
Kerala: Now, land disputes to go up
Nov 04, 2012
THIRUVANANTHAPURAM:The government’s decision to stop resurvey of private lands will have far-reaching consequences in the state with land encroachment going unnoticed.
MCHI-CREDAI property expo to showcase 15000 properties
Oct 25, 2012
Mumbai: Enriching the house-hunt experience, developer body MCHI-CREDAI has embarked on an ambitious four-day property exhibition from November 01, 2012 showcasing flats, bungalows and commercial offering from across Mumbai city and the Mumbai Metropolitan Region. With Axis BankBSE 1.52 %, is the third largest private sector bank in India, joining in as the co-organiser, the 20th edition of M
Investors avoid buying luxury homes as returns fade
Oct 03, 2012
NEW DELHI: Rishabh Singhvi's biggest investment bet for many years is in the doldrums. The luxury apartments the 34-year-old Delhi businessman used to buy and sell in Gurgaon to make yearly profits of around 30 per cent barely two years ago, don't fetch him more than 6-7 per cent returns these days. "It does not make sense to park your money in bricks and mortar any more. Returns have crashed
Rental rehabilitation for slum dwellers,
Sep 11, 2012
BHUBANESWAR: In a bid to check the mushrooming growth of slums in the state, the BJD government is planning to create rental housing blocks at an affordable monthly rent of up to Rs 2,000 for the poor. The recently announced Scheme for Affordable Urban Housing in Odisha-2012 has enunciated that the government shall provide land to the urban local bodies (ULBs) for creation of such housing bloc
Credai opposes VAT on flats sold in 2006-’10
Aug 14, 2012
The Confederation of Real Estate Developers’ Association of India (Credai), Pune Metro, has opposed state government’s order asking them to pay value added tax (VAT) on flats that they sold between June 2006 and March 2010. The real-estate body has asked for extending the deadline of August 31 to pay the retrospective tax. Credai director-general D K Abhyankar said that after April 1, 2010 th
Draft development plan for Manesar urban complex approved
Aug 10, 2012
Gurgaon: The District Planning Committee and District Level Committee on Thursday approved the draft development plan of Gurgaon-Manesar Urban Complex-2031. The committees, which met under Deputy Commissioner P C Meena, approved a plan to accommodate a projected population of 41.65 lakh. Under the plan, a total of 32,408 hectares of land has been proposed for urbanisation, of which 15, 82
DDA housing: Paid for flats, allotted ..
Aug 10, 2012
New Delhi: DDA housing scheme 2010: D-6, Vasant Kunj was to be the hospitality address for visitors and tourists to the city during the 2010 Commonwealth Games. The showcase flats, constructed by Delhi Development Authority (DDA), were to be auctioned later as part of the agency’s mega housing scheme. The project, quite evidently, missed its 2010 deadline as the city government made alternati
Bill sets stage for country’s first housing regulator
Jul 20, 2012
Mumbai: After years of deliberation, the Maharashtra Housing Bill 2012 has finally been passed by both Houses of the Maharashtra legislature. This sets the stage for the establishment of the country’s first housing regulator and appellate tribunal with significant powers to protect the consumer and penalise the builders in case of any wrongdoing. The Bill has laid down the rules for the promo

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