Latest Realty News

Industrialists seek extension of property tax deadline from MCG
Jul 04, 2013
DELHI: The dispute between Gurgaon’s industrialists and the civic agency over the issue of property tax has been brought to the fore once again. The local associations have written to the Municipal Corporation of Gurgaon (MCG) seeking, among other exemptions, an extension on the payment deadline, which was reached on June 30.
Govt eases norms for use of agricultural land for construction activity
Jul 04, 2013
DELHI: Lakhs of people living in rural areas in Delhi will benefit as Delhi Government on July 3 lifted certain restrictions on use of agricultural land for construction activities.
Housing finance regulator to back HDFC application for $500-m ECB
Jul 04, 2013
BHUBANESWAR: National Housing Bank (NHB), the housing finance regulator, is favourably disposed to HDFC's application for a $500-million external commercial borrowing (ECB) for affordable housing projects in India.
PCMC rakes in Rs 144 cr property tax in 3 months
Jul 04, 2013
PUNE: The property tax department of the PimpriChinchwad Municipal Corporation (PCMC) has collected Rs 144.48 crore in the first three months of the financial year.
Vertical growth an option where there is scope in Delhi
Jul 03, 2013
DELHI: In less than a week after Delhi chief minister’s claim that she won’t allow Delhi to grow vertically till she is alive, she and the union urban development minister seemed to be on the same page on the issue of allowing highrises in the national capital. However, the CM insisted that green and open places of Delhi must be maintained.
Three more districts enter National Capital Region fold
Jul 03, 2013
MUMBAI: The National Capital Region has undergone another expansion with three more districts – Mahendragarh and Bhiwani (both in Haryana) and Bharatpur (Rajasthan) – added to it on July 1. This brings the number of districts in the NCR to 19, with the total area increasing by 34% to 45,887sq km.
Décor options galore in the Mundhwa-Keshav Nagar stretch
Jul 02, 2013
PUNE:The Mundhwa-Keshav Nagar stretch offers land not only in abundance but also at affordable prices. The developers in this belt are offering numerous facilities with their projects such as:
Builders may have to register with Pune Municipal Corporation
Jul 02, 2013
PUNE: The Pune Municipal Corporation (PMC) is planning to start a mandatory registration process for builders so that they can be held accountable for constructions carried out within the PMC limits. No construction projects will be allowed without registration.
Mundhwa to Keshav Nagar is a hotspot for property investment
Jul 01, 2013
PUNE: The Mundhwa-Keshav Nagar stretch is among the many areas in east Pune, which has caught the attention of real estate developers. This less-than-a-kilometre stretch is a fast-developing location, as it offers a convenient drive to the city’s central business district, Camp and the Pune railway station. Easy accessibility has led to the coming up of new projects at different stages of construction and completion.
Delhi-NCR key market for office leasing despite weak demand
Jun 27, 2013
DELHI: Demand from multinationals to set up offices in the NCR region has pushed the average transacted rentals. This is despite a weak off-take in office leasing and fewer transactions.
Rental housing: The road ahead
Jun 27, 2013
DELHI: Out of the 1.8 crore new houses built between 2007-2012, owners of over 1.1 crore units in India prefer not to let out the properties fearing that that evicting tenants will be next to impossible. This is primarily because India does not have a rental housing policy with incentives or benefits
Pune’s new ‘green living’ is a fast-emerging concept
Jun 27, 2013
PUNE: Over the last decade, people’s lifestyles have evolved into an important and often decisive factor in the Indian real estate industry. With the increasing presence of the IT/ITeS sector in many cities of the country, a large segment of Indian home buyers have entered a higher level of affordability and therefore, tastes in homes. This has led to a greater emphasis on larger sizes, evolved ambience and interior décor in the choice of properties.
PMC will start collecting 2 per cent fine on property tax dues
Jun 26, 2013
PUNE: The Pune Municipal Corporation (PMC) will start collecting 2 per cent fine on property tax dues from July 1.
Delhi-NCR key market for office leasing despite weak demand
Jun 26, 2013
DELHI: Demand from multinationals to set up offices in the NCR region has pushed the average transacted rentals. This is despite a weak off-take in office leasing and fewer transactions.
Home prices inflated; aggressive lending dangerous
Jun 26, 2013
DELHI: Terming the home prices as highly inflated in the country, including in smaller cities, industry leader Deepak Parekh on June 21 asked builders to focus on affordable housing, rather than luxury homes, and said it is a dangerous thing to lend aggressively to developers.
Buying a property just got a bit more cumbersome
Jun 26, 2013
DELHI: A common saying goes, to know “stress”, organize a person’s marriage or endeavor to build a house. Consider the various factors which affect the decision on the purchase or building of a house, they range from vastu, legal documentation, anticipated appreciation in value and maybe even the whims and fancies of the relatives. Clearly, factors which may cost a common man, seeking to obtain a roof over his head, many a nights sleep. Well, thanks to the Finance Act, 2013, the stress has been
Demand-hit CP still among most expensive office markets
Jun 26, 2013
DELHI: Despite weakening demand for office space Connaught Place (CP) remains the fifth most expensive office market in the world.
Realty check: Major developers too picking up buyers’ interest tab
Jun 25, 2013
DELHI: To clear the stock of unsold homes, real-estate developers are willing to wait for 80 per cent of a property’s cost as long as the buyer is ready to pay 20 per cent upfront.
Change in Greater Noida’s building bylaws to hit plot owners
Jun 25, 2013
DELHI: Landowners in Greater Noida will be hit hard if the Greater Noida Industrial Development Authority (GNIDA) changes its building bylaws as they will either need to build structures on vacant plots or sell them to someone else who will to avoid the plots being confiscated.
Ban on groundwater use hits realty projects in Delhi/NCR
Jun 24, 2013
DELHI: Like the Cyber City Gurgaon, the twin cities of Noida-Greater Noida are also facing huge water shortage after the National Green Tribunal banned extraction of groundwater for construction purposes.
Affordable properties in Ravet-Tathawade
Jun 24, 2013
PUNE: If you are looking for an affordable abode in Pune, the stretch from Ravet to Tathawade could well be your choice of destination. Starting from Ravet through Ravet Village Road, Kalewadi Main Road and finally Tathawade, one can find new residential projects by Lodha Group, Bhojwani Homes and Goel Ganga Developers, coming up in another two to three years.
Golf Course Extension Road: The ultimate luxury destination
Jun 22, 2013
DELHI: Over the years, Gurgaon has become synonymous with luxury living. Among the many localities offering high-end properties, Golf Course Extension Road stands out for the number of residential projects overlooking the golf course and state-of-the-art facilities.
Home prices inflated; aggressive lending dangerous: Deepak Parekh
Jun 22, 2013
DELHI: Terming the home prices as highly inflated in the country, including in smaller cities, industry leader Deepak Parekh on Friday asked builders to focus on affordable housing, rather than luxury homes, and said it is a dangerous thing to lend aggressively to developers.
Residential prices surge in sector 76 Noida
Jun 21, 2013
DELHI: In the last four to five months residential values in Sector 76, Noida have shown an upward graph. The capital values in the locality have moved up from approximately Rs 4,700-4,900 per sq ft in the Oct-Dec 2012 to Rs 5,900 per sq ft in the Jan-Mar 2013, the data further revealed.
Focus on high-tech integrated townships
Jun 20, 2013
DELHI: High-tech, integrated residential township projects in metros and Tier I and II cities like the Delhi NCR, Mumbai, Pune, Bangalore, Ahmedabad, Lucknow, Kolkata, Indore, Hyderabad, etc, are promising good returns for prospective buyers and developers.

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