Latest Realty News

Ambiguity in Pune’s affordable housing notification
Mar 20, 2014
PUNE: The rationale behind the Maharashtra government’s notification on affordable housing, is the question that everyone, within the built environment of real estate, is asking today. There is a general feeling among the developers that the Maharashtra government’s notification for the builders, developing a housing project on a 4,000 sq m (acre) plot, to reserve 20 per cent of the area for affordable housing, is not in sync with the market’s reality. The developers call it an unnecessary burde
Prime real estate hubs in Delhi-NCR
Mar 12, 2014
DELHI: The attractiveness of real estate in recent years as an asset class has been further augmented owing to increasing demand for more and better-quality housing, additional office space requirement owing to expansion and consolidation by several corporates, and the advent of modern retail formats.
Kolkata forays into residential green-building league
Mar 01, 2014
KOLKATA: The city finally has a couple of environment-friendly residential apartments to feel proud of. The premium projects – Astitva by Primarc and MCK groups and Platinum by Godrej Properties – join the elite league of over 250 such projects countrywide, including a slew of projects in the National Capital Region, Mumbai, Bangalore, Chennai and Hyderabad.
Real estate market looks up in Greater Gurgaon
Feb 20, 2014
DELHI: Located 24km from Gurgaon city, Greater Gurgaon, the newly-notified area in the new Master Plan, is the new marketing name for Sohna Road. Currently, Greater Gurgaon is registering a boom in the real estate market with supply keeping pace with demand; experts even say the area is all set to emerge as the next axis for residential, commercial, institutional, and industrial development in Gurgaon.
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.
DDA to release 21,000 hectares for housing
Feb 17, 2014
DELHI: End users and investors will have great opportunities to buy houses in Delhi at relatively affordable prices. In the last one decade, growth in the National Capital Region (NCR) was mainly driven by the construction activities in the satellite town of Gurgaon and Noida. This was mainly because of unavailability of land in Delhi.
Tata Value Homes adds 40 units in Ahmedabad
Feb 06, 2014
AHMEDABAD: Tata Value Homes, 100 % subsidiary of Tata Housing, on Tuesday announced the launch of 40 additional units, starting Rs. 12 lakh, at its ongoing affordable housing project near Ahmedabad under a special 30:70 scheme.
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.
Infrastructure projects to get a boost in Noida
Jan 27, 2014
DELHI: The Noida Authority, one of the richest civic bodies in the country, plans to draft a budget of Rs 8,000 crore for the financial year 2014-15 with various infrastructure projects, including the setting up of the Noida Metro Rail Corporation (NMRC).
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.
Gurgaon real estate developers expect to recover from slowdown in 2014 with new government at centre
Jan 23, 2014
MUMBAI: The real estate sector, which showed sluggish business during the last year, has a lot of expectation from the year 2014. Though the players in Millennium City admit that they are expecting the growth only after the general elections, scheduled to be held in May, but still they are hopeful that their business will recover and will see new highs this year.
Developers welcome state govt's affordable housing policy
Jan 22, 2014
AHMEDABAD: Even as the state government brought out details of the new affordable housing policy, the local developers and experts welcomed the move highlighting the growing demand for the same.
Housing projects allowed in Gurgaon’s commercial zones
Jan 09, 2014
DELHI: In what will give a boost to construction activity in NCR, particularly Gurgaon, the Haryana government has decided to allow mixed land use in commercial zones notified in the master plan. The government’s move will allow realtors to build residential properties in commercial complexes.
Operation township
Jan 07, 2014
MUMBAI: Till recently, buying a property called for some painful compromises. Budget restrictions meant you could only buy in specific residential areas, regardless of whether there were educational institutions, playgrounds, hospitals, shopping centres, connectivity to your place of work, or entertainment hubs in the vicinity, apart from availability and reliability of utilities like power and water. Real estate players were quick to recognise this and come up with a creative solution—townships
Mumbai office realty: Western suburbs new growth centre
Jan 07, 2014
MUMBAI: Looking back on 2013, the prevailing attitude among businesses toward the economy was “wait and see. The decision to take up more real estate office space was mostly put on hold; or companies aggressively looked to bring down their costs. Corporates put their investment decisions on hold, waiting to see how the economic scenario unfolds especially in light of the forth-coming national elections.
Rented accommodation – a ray of hope in unaffordable scenario
Jan 04, 2014
DELHI: Affordability is the need of the hour. However, with an increase in the cost of material and high land prices, many developers have already voiced their concern over offering affordable homes. Thus, going ahead, the real estate scenario may best be described in one word – ‘unaffordable’. This is applicable for commercial as well as residential properties. This scenario is giving a push to rental markets in the country and opening up broad vistas for people who cannot afford to buy their o
Small, mid size developers overshadowing big names
Jan 02, 2014
MUMBAI: Buying a home is a dream for many as it consumes a major chunk of the savings. But due to delay in possession, despite investing hard-earned money, denizens are not able to live their dream. Timely possession has always been a big question for buyers bearing home loan interest, rent and daily expenses in times of high inflation.
Maharashtra hikes ready reckoner rates by up to 20%
Jan 01, 2014
MUMBAI: Despite falling sales volume due to already unaffordable housing prices, the Maharashtra government has hiked ready reckoner rates by up to 20% in Mumbai, the most expensive property market in the country.
Affordable housing in India is the need of the hour
Dec 23, 2013
DELHI: The government has set an ambitious agenda to boost affordable housing in the country, including the metro cities and larger towns. But even several years after making its policy intention clear, the segment has lagged behind its potential. The supply of affordable homes has not been able to keep pace with the demand.
Mid-range and budget homes market expands in Bangalore North
Dec 21, 2013
BANGALORE: In the early 2000s, Bangalore north beyond Anandnagar was still largely unexplored. Vast tracts of barren land laden with trees lined the highway leading towards Andhra Pradesh, and the only known landmark in the area was the Devanahalli fort. The relocation of the airport brought the north into focus and over the last five years, residential property development has taken off, with a host of housing options coming up in this region.
Affordable housing on realty majors' agenda
Dec 14, 2013
LUCKNOW: Affordable and economically weaker sections (EWS) housing would be the central theme at the annual summit of the country’s leading real estate developers this week.
Fewer homes crop up this year
Dec 14, 2013
CHENNAI: There has been a drop of 12 per cent in new residential project launches in 2013 as compared to the last year, according to a report by international property consultants Cushman & Wakefield.
Realtors queue up to make 12 lakh homes in Gurgaon
Dec 12, 2013
DELHI: With over 50 developers signing up to build affordable housing projects in new sectors, buying a flat in the city at a relatively economical Rs 12 lakh is set to become a reality. The low-cost housing policy project announced by the state government in August fixed the price of flats at Rs 43,000 per sq m with the sizes of flats ranging between 28 and 60 sq.m. The department of town and country planning (DTCP), Haryana, has set a deadline of four years from the approval of building plans

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