Latest Realty News

Homing in on cheap house? Not yet
May 17, 2014
MUMBAI: Affodable housing may still be a few years away as projects set to be undertaken by the new Government could take three to five years to get ready and home price may rise in the short term as sentiment improves. Developers and investors are set to take fresh stock of their real estate plans in line with the new government's plan to develop 100 new cities.
Realtors welcome incentives for affordable housing
Feb 19, 2014
MUMBAI: Despite the real estate industry’s low expectations from the interim budget, there were no surprises in it for the sector. The industry, however, welcomed government support to the affordable housing sector and fund allocations to the rural as well as urban housing funds.
Mira Road-Bhayandar: Rapid transformation
Jan 28, 2014
MUMBAI: Back in 1992, when Basesh Gala, director-marketing and sales, Ravi Group, launched the company’s first project in Mira Road, the suburb was an ignored, passive and a far-flung region of Mumbai. Today, there are several projects which have come up in this area. He explains that “The flats in Mira Road are currently listed in the most wanted residential destinations of Mumbai city.
Affordable housing to remain in demand in 2014
Jan 27, 2014
MUMBAI: The year 2013 was the period of reforms and surprises for real estate industry. Government landed the sector with policy reforms to restrict land disputes across India, introduced REIT for healthy funding and also relief through various changes in act then at the same time buyers were worrying about rising inflation and interest rates that affected home loan amount.
Bhiwandi is coming up with affordable housing
Jan 25, 2014
MUMBAI: Rohit Sheshadri, working in a software company in Thane had been searching for a flat around Thane area. After doing extensive research, he finalised a flat in Bhiwandi. Sheshadri said, “The rate which I got in Bhiwandi was even lower than my budget. Also, as the project was near the highway I am not facing any commuting problems. Bhiwandi is a town only 20 kilometres away from Thane which is now rapidly growing as a destination for homebuyers looking for budget homes.
Tricks of trade land builders in dock, HC sends notices
Jan 25, 2014
MUMBAI: Acting suo motu, the Bombay High Court converted into PIL a letter written to it by an activist alleging illegalities in the sale of flats in Mumbai and Thane and issued notices to the state government, civic administration, income tax authorities and some of the leading developers in the city.
Bhandup West sees 46 per cent capital appreciation
Dec 02, 2013
MUMBAI: Located close to affluent areas such as Mulund and Powai, Bhandup west has been becoming popular as a prime residential address on the central line in Mumbai. A 1,000 sq ft apartment, which was available for Rs 1 crore in 2012, is now selling at Rs 1.16 crores.
Embrace low cost techniques for affordable housing: ASSOCHAM
Dec 01, 2013
MUMBAI: A top industry body Saturday underlined the need for developing and embracing low cost technologies to cater to the growing demand for affordable housing, especially for the lower and middle income groups in the country.
80,000 affordable housing units in 5 years: Report
Nov 19, 2013
MUMBAI: At least 80,000affodable housing units in the Rs 3-10 lakh range were constructed in the last five years across India, said a Monitor Inclusive Markets report.
Small formats sell quicker in affordable housing segment
Nov 19, 2013
MUMBAI: Small formats like one room-kitchen and small homes (compact 1BHKs/2BHKs) increase the affordability for low-income customers, states a Monitor Inclusive Markets report.
MMRDA to put on sale 2,500 affordable flats
Nov 19, 2013
MUMBAI: For those waiting to buy affordable small flats, around 2,500 tenements are almost ready in Thane and Vasai-Virar.
Thane: The hub of 1-bhk apartments
Nov 18, 2013
MUMBAI: Ghodbunder Road, Badlapur, Kalyan west and Dombivli east offer almost 37 per cent of the total supply of 1-BHK units in Thane. Affordability and well-built connectivity to Mumbai make these areas sought-after residential locations for mid-income buyers.
Mumbai builders must keep 20% area for affordable housing
Nov 15, 2013
MUMBAI: Builders developing a housing project on a 4,000 sq m (acre) plot must reserve 20% of the area for affordable housing, according to a state government notification issued last week. It will not be applicable to schemes where commencement certificates were issued on or before November 8, 2013.

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