Latest Realty News

Opinion divided on housing regulatory bill
Jun 20, 2013
DELHI: The Real Estate (Regulation and Development) Bill, 2013, which seeks to regulate the housing market and protect the interest of homebuyers and developers has been cleared by the Union Cabinet and will be placed in Parliament for its approval.
NIMB road-Undri belt scores on accessibility and connectivity
Jun 18, 2013
PUNE: There are many areas in Pune that have witnessed tremendous growth over the years, especially in terms of infrastructure and connectivity. This development has changed the look of several areas altogether. The NIBM Road-Undri belt has affordable and profitable options closer to the city. This four-kilometre stretch is accessible and convenient and offers opportunities within a few minutes drive from Pune.
Home buyers increasingly turn to Virar
Jun 17, 2013
MUMBAI: When Bollywood actor Govinda made his debut in the Hindi film industry, people made fun of him, labelling him ‘Virar ka chokra’, as the actor hailed from the far-flung Mumbai outskirts. Just like Govinda, Virar has come a long way since then and real estate and infrastructure development have made the area a prime location for those looking for affordable and spacious homes.
The Real Estate Bill only adds to the confusion
Jun 06, 2013
MUMBAI: If anything, the Real Estate (Regulation and Development) Bill is only going to add to the confusion existing in the sector. In any real estate project, there are three principal stakeholders -– developer, consumer and the authorities. The bill has been designed to empower the authorities further. There is little in it for the consumer, as for the developer, his project completion time has just got longer.
The upcoming middle-class destination
Jun 04, 2013
MUMBAI: The road from Ambernath to Badlapur is flushed with properties suitable for the middle-income buyers who have limited options available in Mumbai. Those looking for residential options in the budget range of Rs 20-40 lakhs can opt for the Ambernath-Badlapur area. They are witnessing an ever-increasing demand for residential properties because of their low property values.
Dighi-Dhanori-Lohegaon offers properties in the budget range
Jun 04, 2013
PUNE: The 1.5 km road from Dhanori to Lohegaon, clubbed with nearby Dighi, has witnessed increased real estate activity in recent times. Availability of large land parcels has been a major attraction for many developers to launch their projects along this stretch. Data with states that approximately, 10 per cent of the new properties available in the city are along this area.
Virar offers multi-dimensional benefits for affordable housing
Jun 03, 2013
For Somesh Vaidya, who shifted to Virar from Borivili, it was a decision he would not regret. The area has excellent connectivity, more open space and social infrastructure is no less compared to the other suburbs. Another added advantage of buying property here is its easy accessibility to Mumbai via the Western Express Highway, which is just five kms from the area and the Metro is only in three kms. The roads are also constructed well and are in good shape.
Mhada to hold 1 more lottery around Diwali
Jun 03, 2013
In a first, the Maharashtra Housing and Area Development Authority (Mhada) is planning to hold a second round of lottery for 2,450 under-construction flats around Diwali this year. The flats, which would be completed early next year, would be located in Virar, said Mhada vice-chairman Satish Gavai.
Developers gear up to tap ECB route for affordable housing
May 23, 2013
Those looking to buy a house with a modest budget have some reason to cheer.Several developers are planning to tap the External Commercial Borrowings (ECB) route to provide affordable houses.
Affordable housing on top of Credai agenda
Apr 09, 2013
The Confederation of Real Estate Developers Associations Of India (Credai), an apex body of real estate developers with over 10,000 members across 20 State, plans to focus on affordable housing, green buildings, water harvesting and skill development programer among construction workers.
Housing ministry seeks single window clearance for real estate projects
Mar 21, 2013
NEW DELHI: A committee under the housing ministry has recommended a technology-enabled single-window portal for streamlining the process of approvals for real estate projects that may help developers bring down home prices.
Infrastructure status to affordable housing to bring growth
Mar 05, 2013
For a long time now, the real estate industry has been pitching for an industry status for the sector. According to Ajay Maken, the Union Minister for Housing and Poverty Alleviation, this will improve the access to funding and help in creating more affordable housing stock in the country.
Budget 2013: A boost for affordable housing says Gagan Banga, Indiabulls
Feb 28, 2013
"One has to compliment the Finance Minister, Mr P Chidambaram, for addressing the nation's priorities in his budget for 2013-14," said Gagan Banga, CEO, Indiabulls Financial Services Ltd, adding, "he has presented a realistic and balanced budget, which is a good beginning."
Budget to lift low-cost homes
Feb 16, 2013
New Delhi: The government is set to provide a fillip to the affordable housing segment in the coming budget to address a growing middle class hunger for homes. The thrust would be on the sub Rs. 20 lakh homes, government sources said, indicating tax breaks or other incentives like easier loans that may be provided for cheaper homes.
‘Affordable housing for middle class soon’
Jan 20, 2013
Bhubaneswar: Minister for Revenue and Disaster Management Surya Narayan Patro Saturday said that the State Government is drafting an Act which will provide affordable housing to the middle class population of the State.
Housing Board gets EPC World award
Dec 15, 2012
RAIPUR: Chhattisgarh Housing Board is set to receive the EPC World Awards 2012 for its outstanding contribution in affordable housing project. The award ceremony will be held at New Delhi on December 15.
HUPA for inclusion of affordable housing in infrastructure list
Dec 09, 2012
NEW DELHI: To provide cheaper houses for lower income groups, the ministry of Housing and Urban Poverty Alleviation (HUPA) is working for the inclusion of affordable Housing in the infrastructure list.
Realtors want incentives to develop low-cost housing units
Nov 04, 2012
Mumbai: Realtors have sought to bring up incentives like free land allocation and public-private partnerships models to increase affordable housing stocks for the economically weaker sections.
Mahindra Lifespaces plans low-cost houses in Mumbai, Chennai
Oct 17, 2012
MUMBAI: Mahindra Lifespaces Developers plans to enter affordable housing segment with projects in cities like Mumbai and Chennai. "We are seriously looking at entering the affordable housing segment. We have already purchased land in Mumbai and Chennai for this. Wherever we get the approvals first, we will start project there," Mahindra Lifespaces Managing Director and Chief Executive Anita A
Developers don't find affordable homes 'affordable'
Sep 02, 2012
Developers could not find the model of affordable housing viable as they used same resources for premium projects and due to rise in cement and steel prices During the slowdown of 2008 and 2009, many big and not-so-big property developers had caught on to the ‘affordable’ phenomenon like never before. Realtors including DLF, Unitech, Tata Housing, Omaxe, Puravankara and Usha Martin, had all ru
Affordable housing helps realtors escape slump
Jul 17, 2012
NEW DELHI: India's middle-income housing segment accounts for much of the growth in the slowing real estate sector, a top executive of the country's biggest mortgage lender said. "Consumer sentiment is still robust. For us, there has been good growth from the mid-income housing segment," said Keki M Mistry, vice-chairman and chief executive officer of HDFC. The lender recorded a 23% year-on-y

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