Latest Realty News

Global efforts to standardize local realty business
Mar 14, 2014
AHMEDABAD: A section of analysts believe that micro-market businesses must adopt global best practices uniformly, to give a facelift to the sector and make the business more transparent. One such recent attempt has been made to standardise property measurement globally and the premise has been that the major demand drivers, like international investors and global occupiers, make it necessary to adopt uniform global norms. How far is this feasible?
Buying house? Pay upfront and get up to 25% discount
Mar 13, 2014
AHMEDABAD: An HR executive working with a multinational struck gold in Prahaladnagar — a three BHK flat in a premium housing colony for Rs 50 lakh. “The developer had quoted the same amount for a 2 BHK unit two-three years ago in the same scheme. It seems this is a good time to buy,” says the 40-year-old professional who returned to her native after three years.
Hospitality: A lucrative zone for realty growth in Gujarat
Mar 12, 2014
AHMEDABAD: Statistics show that Gujarat witnessed 6 per cent growth in property prices in last one year and the property price index in the state remained volatile. However, what the statistics does not reveal is the fact that during the same period, many of the cities that National Housing Bank’s Residex tracked down, did witness either no change or downward change.
Real estate players wake up to digital media to boost sales
Mar 08, 2014
AHMEDABAD: From setting up branded YouTube channel that showcase walkthroughs of upcoming projects, to hiring social media marketing firms, real estate players such as Godrej Properties, Tata Housing and Adani are joining the digital media marketing bandwagon in a bid to strengthen sales.
Two areas cut from agriculture zone in Ahmedabad
Mar 07, 2014
AHMEDABAD: The state urban development department has agreed in principle to exclude Ghuma and Shela from the ‘agricultural zone’ category in the latest development plan for the Ahmedabad. This decision was taken late on March 4 night, claim sources in the department. Besides this a new industrial zone is being proposed in Santej and Rakanpur on the outskirts of Ahmedabad, which were earlier included in the agricultural zone.
Gujarat shows the way in PPP model
Mar 06, 2014
AHMEDABAD: Public Private Partnerships, better known as PPP, in infrastructure development are vital components for the rise and growth of any city in general and its property market in particular. Since, the government in most of the cases either lacks the funds or the expertise to develop the big ticket project, this model has been envisaged for fast track development. However, since its inception as a viable model of developing infra projects, it has been in the news for all the wrong reasons
Gujarat: Moderate appreciation makes entry point attractive
Mar 04, 2014
AHMEDABAD: Statistics show that Gujarat witnessed 6 per cent growth in property prices in last one year and the property price index in the state remained volatile. However, what the statistics does not reveal is the fact that during the same period, many of the cities that National Housing Bank’s Residex tracked down, did witness either no change or downward change. Out of the 26 cities that it covered across the country, only 12 cities witnessed marginal appreciation, and two cities of Gujarat
No need to pay full stamp duty on jantri rates in Ahmedabad
Mar 04, 2014
AHMEDABAD: In an important judgment, Gujarat high court on March 3 held that registration of property cannot be made mandatory on payment of stamp duty according to the jantri rates only. Thus, paying 5% stamp duty of the market rates as prejudged by the ready reckoner, will not be the deterrent in registration of property deals.
Ashram Road: On the next wave of realty development in Ahmedabad
Mar 01, 2014
AHMEDABAD: Ashram road is well developed and a prime commercial area in the city. A major portion of this arterial road of the city runs parallel to the Sabarmati river. The road is a major financial hub of the city with the offices of the Reserve Bank of India and the Income Tax department located on the road. The presence of offices of big organisations is playing a key role in elevating the development on Ashram road and providing a boost to the commercial realty segment. A large number of co
Prahladnagar: Realty sector on the rise in Ahmedabad
Feb 19, 2014
AHMEDABAD: Located in the southwest corner of Ahmedabad, Prahladnagar is a good locality to consider for residential as well as commercial purposes. Talking about commercial properties, after Ashram road, now it is Prahladnagar which is fast developing as a commercial hub of the city.
Property demand is on the rise in Ahmedabad’s Naranpura
Feb 16, 2014
AHMEDABAD: Arising centre of education, information technology and scientific industries, Ahmedabad remains the heart of Gujarat and much of western India. The city is on its way of proving itself as an ideal place for acquiring residential and commercial properties due to excellent infrastructure and the kind of facilities it offers. As a result, many new projects are coming up in the already existing areas and new ones.
Realty market flourishing on the outskirts of Ahmedabad
Feb 08, 2014
AHMEDABAD: Since the last few years, Ahmedabad’s real estate market is growing at a very fast pace, as new areas are being augmented with infrastructure projects and adequate basic facilities. Another reason for such growth is that the city enjoys close proximity to Mumbai, the financial capital of the country. Further, due to factors like urbanisation, tier-II cities like Ahmedabad, have become major realty destinations of late. As a result, many localities are expanding and new areas on the ou
Realty market flourishing on the outskirts of Ahmedabad
Feb 06, 2014
AHMEDABAD: Since the last few years, Ahmedabad’s real estate market is growing at a very fast pace, as new areas are being augmented with infrastructure projects and adequate basic facilities. Another reason for such growth is that the city enjoys close proximity to Mumbai, the financial capital of the country. Further, due to factors like urbanisation, tier-II cities like Ahmedabad, have become major realty destinations of late. As a result, many localities are expanding and new areas on the ou
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.
AMC’s LIG housing schemes soon
Jan 21, 2014
AHMEDABAD: One of the biggest housing packages for the Lower Income Groups (LIG) would be unleashed by the Ahmedabad Municipal Corporation (AMC) in the coming days. After Auda laid stress on the affordable housing in the city in its latest development plan for Ahmedabad, the AMC’s standing committee agenda carries allocation of construction works to various developers to come up with such houses.
No civic taxes for you this year
Jan 15, 2014
AHMEDABAD: Amdavadis should thank the forthcoming general elections for having escaped new civic taxes. Presenting a lacklustre Rs 4,901-crore budget for 2014-15, the Ahmedabad municipal commissioner on Friday hinted at upgrading few areas from lower to a higher category in the property tax formula, leading to a possible hike in taxes in such areas if the elected wing accepts the proposal.
GIFT allotments start
Jan 13, 2014
AHMEDABAD: Gujarat International Finance Tec-City (GIFT City) has allotted 8.4 million sq feet of built-up area to various companies to set up office there. A substantial portion of the first phase of the project has already been completed. The built-up area of phase-I is around 13 million sq ft.
Good interest for developing SEZ, non-SEZ areas in GIFT city
Jan 12, 2014
AHMEDABAD: Gujarat International Finance Tec-city (GIFT) today said national and international developers have shown interest for development of commercial and residential buildings in the GIFT city.
Thaltej: Promising a bright future in Ahmedabad
Jan 09, 2014
AHMEDABAD: Since the last few years, Ahmedabad’s real estate market is growing at a very fast pace and new areas are being developed due to presence of good infrastructure projects and adequate basic facilities. Further, due to factors like urbanisation, Tier-II cities like Ahmedabad, have become major realty destination. The city is seeing numerous upcoming integrated township projects across the city and suburban areas. No wonder that these new projects have caught the fancy of the investors l
Builders mull legal action against ‘betterment charges’ by AMC
Dec 24, 2013
AHMEDABAD: Circulars recently shot off by the Ahmedabad Municipal Corporation (AMC) to developers asking them to pay “betterment charges” and even demanding land cuts have stirred a hornet’s nest. Ambitious residential and commercial real estatereal estate projects that were announced within the 200-metre buffer zone along the BRTS corridor-to ensure transit-oriented development – and for which FSI of up to four was proposed, have now come to a standstil
Sand mining crackdown to hit real estate industry
Dec 20, 2013
AHMEDABAD: The stopping of sand mining in Gujarat is expected to dent the construction industry in a major way. Following National Green Tribunal's (NGT) order, builders in the state are expecting the cost of raw materials to hit the roof.
Ahmedabad real estate market looks promising
Dec 13, 2013
AHMEDABAD: Realty market is very sensitive in today’s scenario and any increase in borrowing cost will lead to consumer disappointment. However, we also understand that strict measures are required to curb the burning inflation and Rupee fall, but it is also equally important to keep other aspects of economy while taking strategic decisions. Although, looking at the strong fundamentals of the Indian economy and its robust growth, all these seem to be temporary.
Sanand: More than a mere auto hub
Dec 10, 2013
AHMEDABAD: In the news for land acquisition issues in recent times, Sanand is a city and a municipality but above all, is an emerging property traction point in the automobile hub of Gujarat. Its emergence from a small village near Ahmedabad city, that was ruled by the Vaghelas, in to a property hotspot has a lot to do with the economic activity that was catalysed due to it being the automobile hub. It nevertheless carries a rich cultural legacy with the Palace which was built by the Vaghelas an
Faster approvals required for realty growth in Gujarat
Dec 05, 2013
AHMEDABAD: The real estatemarket in Gujarat has witnessed phenomenal growth over the last decade, with Ahmedabad and Vadodara turning into sought-after destinations. Nevertheless, there exists a mismatch between this performance and the realty sector’s potential. The general opinion in the market is that the realty sector’s performance in the state has only been modest, if not below par, owing to various challenges. Consequently, the sector’s true potential is yet to be unlocked.
AMC wants registration of builders
Dec 04, 2013
AHMEDABAD: Just like architects, engineers and structural designers have to be registered with the Ahmedabad Municipal Corporation (AMC), the civic body has demanded the same for real estate developers.

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