Latest Realty News

Social infrastructure for quality life
Sep 27, 2013
MUMBAI: Buying a suitable house that fits in their budget is no doubt very important for home buyers. However, equally vital are the educational, health, transport, security, cultural and recreational facilities for quality living, which range from grocery stores and markets to banks, schools, hospitals, theatres, restaurants, clubs, religious places, etc. “Buyers have always had a holistic approach and they prefer to have schools, hospitals, shopping complexes, entertainment centres, etc., in c
RBI move may spoil the party for realty players
Sep 05, 2013
DELHI: The slowdown-hit realty players had found a sweet spot in the 80:20 scheme for home buyers. But the Reserve Bank of India’s move to bar banks from giving upfront loans for under-construction projects through such schemes may have disastrous consequences, developers say.
Realtors woo buyers with new upfront payment norm
Aug 18, 2013
MUMBAI: If you are among those who have been forced to shelve plans to buy a house owing to the high down payment requirements or inability to bear the combined payment burden of rent and home loan EMI, there is help at hand.
Realtors woo buyers with new upfront payment norm
Aug 18, 2013
MUMBAI: If you are among those who have been forced to shelve plans to buy a house owing to the high down payment requirements or inability to bear the combined payment burden of rent and home loan EMI, there is help at hand.
HC rejects realtor's bail
Aug 01, 2013
CUTTACK: The Orissa high court on Tuesday rejected the bail application of realtor Tirupati Panigrahi and two of his associates, who were arrested in December last year for allegedly duping land buyers of crores of rupees.
Decoding the real estate Bill
Jul 09, 2013
MUMBAI: The Bill suggests 10 per cent of the project cost as penalty for first-time offenders. Repeat offenders could get a jail term of up to three years.
Developers now homing in on studio, serviced apartments
Jul 01, 2013
DELHI: Real-estate players are now eyeing first-time home buyers, expats and those who come for medical treatment by offering studio and serviced apartments. Even non-resident Indians who want to park their funds in real estate seem to be keen.
AP to synchronise revenue, land registration depts
Jul 01, 2013
HYDERABAD: The Andhra Pradesh Government will soon synchronise databases of Revenue and Registration Departments, using information technology solutions. This will allow sellers and buyers of land and properties to register from anywhere in the State
Slowdown in real estate: Time for home buyers to go bargain hunting but exercise due diligence befor...
Jun 24, 2013
DELHI: A slowdown in the real estate sector can spell opportunity for the prepared. Delhi-based publishers, Umraopati Ray, 30, and his wife PriyankaSaxena, also 30, own an apartment at PaschimVihar. As the slowdown in the National Capital Region (NCR) intensified, the young couple went hunting for good deals. Recently, their efforts were rewarded when they managed to buy a flat at VasantVihar at a price 15% lower than the peak rate witnessed in the area in the past.
Realty check: Major developers too picking up buyers’ interest tab
Jun 23, 2013
DELHI: To clear the stock of unsold homes, real-estate developers are willing to wait for 80 per cent of a property’s cost as long as the buyer is ready to pay 20 per cent upfront.
Unaffordable Mumbai
Jun 18, 2013
MUMBAI: For Mumbai, the city which has for years carried the unwholesome reputation of being the most over-priced in terms of residential real estate valuations, there is no relief in sight for aspiring home buyers. Over the last four years, property valuations in the financial capital have increased by an average of 66 per cent. All ‘expert’ predictions over the last three years of an imminent correction have proved to be wrong.
Property buyers, first pay up TDS
Jun 12, 2013
BANGALORE: Buying property worth over Rs 50 lakh? Then pay TDS before registering it, or income tax sleuths will come knocking on your door.
Real Estate Bill: How home buyers stand to gain & lose
Jun 10, 2013
DELHI: Last week, the Union Cabinet approved the draft Real Estate (Regulation and Development) Bill 2013 that allows for the creation of a regulator in the real estate sector. Once passed by Parliament and subsequently adopted by each state, it will allow for the creation of a real estate regulator in each state (realty being a state subject).
A regulator to ease your concerns
Jun 06, 2013
MUMBAI: Real estate buyers probably did not have too many options but to seek redressal of their grievances through consumer forums. Even then, buyer agreements were always favourably tilted towards the developer and often against a buyer's interest. Now with the Cabinet clearing the Real Estate (Regulation and Development) Bill, not only will builders' disclosures and transparency on projects increase, it will also allay buyers' fears and concerns, and speedily redress grievances.
Rate cut expected to soften home loan rates, improve dipping home sales
Jan 29, 2013
NEW DELHI: Home buyers could be in for a cheer this spring as home loan rates are expected to soften after the Reserve Bank of India reduced its key policy rates.
Dhanteras, Diwali brings cheers for real estate market
Nov 11, 2012
AHMEDABAD: Dhanteras brings yet another reason to invest in property this Diwali. Since the festival holds special significance and is considered auspicious, there is definitely going to be a beeline of investment buyers.
Pressure mounts on Prithviraj Chavan to lower VAT, decision soon
Nov 02, 2012
MUMBAI: A day after a cabinet meeting discussed the contentious issue of value-added tax (VAT) for flats, pressure is mounting on chief minister Prithviraj Chavan to reduce it from 5% to 1%.
Property seller can forfeit buyer's earnest money: Supreme Court
Oct 25, 2012
NEW DELHI: Earnest money paid by a purchaser of an immovable property can be forfeited by the seller if the former fails to pay the remaining sum, the Supreme Court has held. A bench of justices K S Radhakrishnan and Dipak Misra said the earnest money is given to bind the contract and the seller is entitled to forfeit it if the sale of an immovable property falls through due to the fault of t
Let green buildings save costs for buyers too
Sep 29, 2012
Go Green to reduce your carbon footprint.’ With the movement fast catching on, how can real estate be behind? Enter green buildings, which aim at fostering a lifestyle that wean us away from our wasteful ways. Even as the concept is fast catching on, one of the primary reasons why such structures are the future of the urban habitat is due to the savings on construction costs, which benefits both

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