Latest Realty News

RBI Deputy Governor R Gandhi asks bankers to be innovative on home loans
Aug 21, 2014
The Reserve Bank of India will encourage banks and individuals to be actively involved in home loan deposits, a savings product that will help showcase the repaying ability of customers seeking to borrow money to buy a house
Interest subsidy for low-cost housing to be hiked up to 5%
Aug 21, 2014
Home loans for the underprivileged are set to get more affordable with the government planning a new interest subvention scheme, which will meet part of the home loan burden
Realty, infra gain as RBI signals cheaper loans to priority sector
Jul 16, 2014
Shares of real estate and infrastructure companies are trading higher by up to 6% after the Reserve Bank of India (RBI) said banks would not have to maintain cash reserve ratio (CRR) or statutory liquidity ratio (SLR) and will not have to meet priority-sector lending targets for funds raised through bonds for extending credit to these sectors.
Can Arun Jaitley's budget re-energise the real estate sector?
Jul 12, 2014
MUMBAI/BANGALORE/NEW DELH: Finance minister Arun Jaitley on Thursday announced a slew of measures to spur the slackening real estate sector that includes an allocation of Rs 7,060 crore for the development of 100 smart cities, relaxed norms for the entry of foreign capital and tax relief on home loans.
Expectations of realty sector from Budget 2014
Jul 09, 2014
DELHI: The change in the political landscape and resurgent optimism in the Indian economy have created widespread expectations from the forthcoming Indian Budget 2014.
Budget 2014: 5 changes to improve housing and real estate sector
Jul 07, 2014
DELHI: The real estate sector has been the backbone of the Indian economy and has been a major contributor in the economic growth. The approach followed by real estate players have been instrumental in changing the face of the country, from being under-developed to accelerating its way to a developed country. The sector contributes about 6.3 percent to the nation's GDP (2012-13) is a major source of revenue for Central, state and local governments and provides employment to more than 50 million
Mahindra Lifespaces ventures into affordable housing segment
Jun 20, 2014
Mahindra Lifespaces Developers, the real estate arm of the Mahindra group, on Monday launched its new business vertical 'Happinest' that will focus on developing affordable housing projects.
Affordable Housing Units by BDA in Capital City Soon
Jun 14, 2014
BHUBANESWAR: In a bid to stabilise the housing prices in the Capital, the Bhubaneswar Development Authority (BDA) has decided to construct 7,000 affordable housing units by the end of this year.
Pune’s realty market is within your reach
Jun 08, 2014
PUNE: The definition of an affordable property varies across the country and changes from city to city. An affodable housing segment of Mumbai may possibly fit into the premium segment of Tier II cities. Pune’s realty market is very dynamic and it offers space for all the segments, but the locality is different for each property class.
Modi’s mantra of hope for Indian realty
May 27, 2014
DELHI: For the common man of India, the dream to own a house will soon turn into reality with the Narendra Modi-led NDA government taking charge. Issues such as affordability of real estate, delayed construction projects, delays due to litigations surrounding real estate projects, etc. impacted developers as well as consumers.
100 new smart cities for affordable housing
May 27, 2014
DELHI: Creation of 100 new smart cities, focus on infrastructure, and affodable housing are the cornerstones of the new government’s agenda for the real estate sector.
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.
Delhi NCR needs more affordable housing projects
May 09, 2014
DELHI: Affordable housing has always been the need for all times. It is very satisfying to see the growth of Real Estate projects in the entire Delhi NCR. Various growth corridors in Noida, Greater Noida, Great Noida (West), such as, Noida Extension, Faridabad, Ghaziabad and Gurgaon, have made progress on this front. Developers of these areas have carefully chosen the projects, keeping in mind the demands and budget of the buyers.
Clearances for projects worth 500cr put on hold in Ahmedabad
Apr 28, 2014
AHMEDABAD: Nearly Rs 500 crore worth of residential and commercial projects along the special transit-oriented development (TOD) zone, central business district (CBD) on Ashram Road and the special affodable housing zone (RAH) zone, have been put on hold. The state urban development department has made it mandatory for these zones to have a local area plan before development takes place.
lements of Hyderabad’s Dilsukhnagar-LB Nagar
Apr 28, 2014
HYDERABAD: Located in the south eastern quadrant of the city the Dilsukhnagar-LB Nagar stretch has a mixed urban fabric containing dense residential communities that have saturated over a period of time and an unorganised retail corridor that is slowly changing its character. Dilsukhnagar is a major commercial and residential locality widely known for educational institutions, retail and entertainment facilities making it one of the busiest hubs in the city.
India must adopt single window clearance for housing: C&W
Apr 18, 2014
DELHI: Global property consultant Cushman & Wakefield today recommended a single-window clearance for housing projects to tackle rapid urbanisation.
Delhi-NCR real estate outlook promising in 2014
Apr 14, 2014
DELHI: Hyman Minsky, the noted American economist, linked an economy's life cycle with speculative investment bubbles which are endogenous to it. He stated that during prosperous times when the economy booms, corporate cash flows rise higher than corporate debts, and this leads to speculative euphoria.
NHB ’s move to boost funding for home loans
Apr 11, 2014
BANGALORE: There is some good news for prospective homebuyers. The National Housing Bank (NHB) is focusing on bridging the demand-supply gap. Recently, the NHB decided to use a significant portion of its tax-free bonds’ proceeds to shore up long-term fixed-rate mortgage loans, especially for the low income and middle income housing in urban areas and suburbs.
Axis Bank launches 30 year 'affordable housing' loan to lower income segment
Apr 03, 2014
LUCKNOW: Axis Bank, India's one of the largest private sector banks, on the occasion of its 20th anniversary announced the launch of 'Asha home loan', a 30 years home loan product for the first time home buyers in the lower income segment seeking affordable EMIs (equal monthly installments).
Raj Nagar Extension: mix of real estate projects
Apr 01, 2014
DELHI: With easy availability of affordable houses, Raj Nagar Extension (RNE) is a one-stop destination for a wide band of middle-class end users. Buyers have several purchase options here like construction-linked plan, ready-to move plan, among others.
DDA's Master Plan 2021 to check realty prices in Noida, Gurgaon
Mar 29, 2014
DELHI: Hailing the 2021 Master Plan of Delhi Development Authority ( DDA) that envisage Land Pooling Scheme (LPS), the NCR developers have opined that it would help in checking the skyrocketing prices of housing units in Delhi as well as NCR. The industry insiders opined that these would be at least 15-20 percent cheaper as compared to the projected prices of the realty properties in next three to four years because it is aimed at hitting the demand-supply constraint both for developers and the
Pune appreciation potential better than national average
Mar 27, 2014
PUNE: Conventional wisdom of real estate suggests that in times of slowdown, the emerging markets outperform the matured markets. The matured markets are expected to correct or crash during tough times. However, Pune has been bucking the slowdown blues and has maintained a uniform appreciation across the micro markets of the city, something that defines how resilient Pune’s property market is.
Chennai: Marked by mansions
Mar 25, 2014
CHENNAI: When a bachelor comes to Chennai for work or higher education, the hunt for accommodation invariably takes him to what is known as mansions. When Anand Nair, a city-based banking professional came to Chennai for his job, he was taken to one of the many mansions in the busy lanes of Triplicane and he was taken by surprise with the complete contrast he saw. “By a mansion, I had quite a different picture in my mind. What I saw was a building with many rooms, which was more or less like a l
National Housing Bank to tap $200 mn ECB window within a fortnight: RV Verma, Chairman
Mar 22, 2014
MUMBAI: The National Housing Bank (NHB), which regulates pure-play home financiers, today said it will be raising $200 million from overseas market within the next fortnight, which will ensure that home loan players meet $1 billion target of foreign fund raising in FY14.
Affordable homes in Pune
Mar 20, 2014
PUNE: Pune is expanding its horizons on all fronts, especially in the west. One upcoming location is Ravet, which is developing as the hot-spot for residential and commercial property. Anil Pharande, chairman – Pharande Spaces, says, “Ravet is located on the north-west side of PCMC and Pune, and enjoys a combination of advantages in terms of its location.”

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