Latest Realty News

Are you paying more for your flat maintenance?
Dec 03, 2013
HYDERABAD: The rising prices and shrinking options are now quietly getting accepted by people, as they seem to give up now. The hole in the pocket is growing bigger and bigger everyday. No matter how much you earn, the impact is felt by everyone.
Vishrantwadi: Property prices rise by 50 per cent in two years
Dec 02, 2013
PUNE: If you are looking to buy property that offers connectivity and ensures consistent returns, don’t miss Vishrantwadi in east Pune. According to data, property prices in the locality rose by 50 per cent in the last two years.
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.
Indian real estate sector: Waiting for a change
Nov 28, 2013
DELHI: Overall the real estate industry is grappling with a paradox. There is a distinct gap in the supply – demand scenario and costs involved. Builders have numerous concerns to deal with even before they start construction. Some of which include the amount of time and costs involved in obtaining the plethora of approvals and licences required, the incessant wait for bureaucratic processes, being stuck with non-productive land for which they have to incur expenses. All this coupled with the co
Rental market shows upward trend in Boat Club Road, Pune
Nov 26, 2013
PUNE: The rental values in Boat Club Road have increased by more than 20 per cent in the July-Sept 2013 quarter, as per research. “Boat Club Road, along with its neighbourhoods Bundgarden and Dhole Patil Road, is arguably one of the best locations in Pune, in terms of connectivity and up-market feel. There are about 60 per cent investors who are well-off and have spare money to invest. They are reaping high returns today. Several Bollywood celebrities have also invested in proper
AMC plans 9,959 houses for weaker sections
Nov 26, 2013
AHMEDABAD: The Ahmedabad Municipal Corporation (AMC) has decided to build 9,959 houses for the weaker sections of the city. These houses will be constructed at 29 places in various parts of the city.AMC officials said that of the 9,959, AMC will build 5082 houses for Economic Weaker Sections (EWS) and 4877 houses for Low-Income Group (LIG) segment. These housing schemes will launched in 29 different places including Vejalpur, Nikol, Chandkheda, Chandlodia, Thaltej, Kali, Vadaj, Vastral, Kankaria
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.
Noida Authority to allot 866 unused flats in December
Nov 18, 2013
DELHI: The Noida Authority is likely to launch its much-awaited scheme for allotting 866 flats in the first week of December. Officials said that as part of the scheme, there will be 41 flats for middle-income group (MIG), 47 for high-income group (HIG), 143 for low-income group (LIG), 150 for economic weaker sections (EWS) and 485 for Shramik Kunj categories. These flats are located in Sectors 67, 73, 93, 99, 100, 110, 122 and 135.
Budget homes find demand in East Bangalore
Nov 16, 2013
BANGALORE: In the early 1990s, Bangalore east beyond K R Puram was bracketed under ‘Bangalore Rural’. People didn’t head out there unless they could manage travelling on mud roads, with no habitation or streetlights for long stretches. Around 10 years down the line, Bangalore east has transformed into a bustling cosmopolitan and self-sufficient economic hub. With a host of infrastructure projects that have upgraded connectivity and seamless travel, peripheral locations in the east are witnessing
Maharashtra builders seek clarity on reserving flats for EWS
Nov 16, 2013
PUNE: The Maharashtra chapter of the Confederation of Real Estate Developers Association of India (Credai) on November 14 welcomed the state government’s notification stipulating reservation of 20% flats for economically weaker sections, in schemes on one acre land, but said the government resolution needed more clarity.
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.
Malls: One-stop destinations for shopping, entertainment
Nov 14, 2013
DELHI: Malls are turning into focal points for residents in the new high-end luxurious—even affordable—housing segments in gated communities that are coming up in the Delhi NCR-also, in other urban centres across India.
Pune based Vastushodh projects affordable housing gets a PE Boost
Oct 31, 2013
PUNE: City based Vastushodh Projects is all set to get a boost in its endeavour to provide housing for middle and lower income groups with Avenue Venture Partners, a Mumbai based PE Fund taking project level equity in some of its projects.
But affordable housing is pushed to the periphery of Pune
Oct 29, 2013
PUNE: Satish Rajopadhye has been on the look out for a two-bed room house and has a budget of Rs 35 lakh for it. His search for the right place however seems endless as there are simply no homes available within his budget in the city’s well-known pockets. The situation has forced him to consider a site 30 km north of the city and even there his budget is barely meeting the asking price.
Centre to appoint realty experts in 15 states to boost housing
Oct 24, 2013
DELHI: The Centre will soon appoint real estate experts and consultants in 15 major states for helping them to prepare affordable housing policy and streamline the rules for approving realty projects, a top government official said today.
Karnataka plans PPP model for affordable housing
Oct 18, 2013
MANGALORE: The Karnataka Government is planning a public-private partnership (PPP) project to provide affordable housing to economically weaker sections.
Affordable housing still remains a dream home
Oct 17, 2013
MUMBAI: Rapid urbanisation and rising movement of people from rural to urban areas are leaving as many as 19 million homeless in India’s cities. With land at premium in cities, this has prompted the Government to push affordable housing projects with the RBI opening the External Commercial Borrowings (ECB) window for developers and housing finance companies to raise up to $1 billion.
Mhada may redevelop its 125-acre colony
Oct 16, 2013
MUMBAI: Mhada may redevelop its humungous Motilal Nagar Housing Colony in Goregaon (W) on its own. The plan was discussed during a Mhada meeting on October 15. Spread over 125 acre, the colony comprises 3,700 ground-level tenements built by Mhada three decades ago. Each tenement, about 180 sq ft, was first given on rent and then subsequently sold for under Rs 50,000 in the early 1980s. Under the redevelopment plan, every family will be entitled to receive a 600 sq ft flat free of cost.
Shapoorji Pallonji to build on affordable housing segment
Oct 12, 2013
MUMBAI: It is a group that is synonymous with Mumbai’s high-end luxury and historic landmark buildings. Its list of projects includes the Taj and Oberoi hotels, the Brabourne Stadium, the RBI, World Trade Centre and the NCPA apartments.
‘Reserve 20% area for low-income housing’
Oct 07, 2013
MUMBAI: A year after the state stalled its draft notification following objections from developers, it is set to issue a the final notification making it mandatory for developers to reserve 20% of areas of more than over 2,000 sqm for affordable housing.
Credai selects land for low cost housing projects
Oct 07, 2013
BHUBANESWAR: The Confederation of Real Estate Developers Associations of India (Credai)- Odisha chapter has identified about 20 acres of land for developing low cost housing projects.

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