Latest Realty News

Rentals crash in metros: Demand for rental homes down as India Inc turns thrifty
Jun 19, 2013
DELHI/BANGALORE: Demand for rented homes has halved and rents are down by 25% in several popular residential localities in Mumbai, Delhi and Bangalore, as India Inc tightens housing budgets in its battle against economic slowdown.
Sectors 119 and 120 in Noida offer low rental values
Jun 18, 2013
DELHI: Are you looking for an affordable rental accommodation in Noida but are anxious about the rising rental values in the sub-city? You need not worry! Sectors 119 and 120 offer low rental values compared to several other residential localities in Noida.
Real Estate Regulatory Bill: Pros and cons
Jun 18, 2013
MUMBAI: The Union Cabinet recently approved the creation of a real estate regulator in India, which aims at increasing transparency within the real estate sector. The Real Estate Regulation and Development Bill 2013, once enacted, would provide for a real estate regulator in each state of the country.
Road building revival offers rare hope for India infrastructure overhaul
Jun 18, 2013
MUMBAI/DELHI: K. Ramchand, managing director at one of India's biggest road builders, is doing something unusual to help dispel the gloom pervading much of the country's infrastructure sector today: bidding for new projects.
NDMC eases rules for building plans
Jun 18, 2013
DELHI: In a major relief to property owners in north Delhi, the municipal corporation has announced self assessment amnesty for regularization of unauthorized construction in unauthorized regularized colonies. An order in this regard was issued by the North Delhi Municipal Corporation on 14th June.
Has housing become more affordable now?
Jun 17, 2013
DELHI: While property price have gone up significantly over the past couple of years, so have the salaries. The cost of property for an average Indian in 1995 was about 22 times his annual salary. Today, he can buy it at just under 5 times his annual salary.
Affordable no more?
Jun 17, 2013
DELHI: Noida-Greater Noida, on the outskirts of Delhi, is one of the three real estate hotspots in the country along with Gurgaon and Navi Mumbai. Some 350,000 flats are being built here. Of these, about 50,000 will be delivered this year.
Lal dora plan to push up realty rates in Delhi-NCR
Jun 17, 2013
DELHI: A day after the Delhi government announced a policy to allow the extension of lal dora land, real estate dealers in areas like Ayanagar, Ghitorni, Sultanpur and Chhatarpur have started sniffing a windfall. If all goes well, they expect an instant increase of 20% in real estate rates from the day registration of the properties starts.
Looking for affordable property in Ghaziabad?
Jun 15, 2013
DELHI: Sky-rocketing property values in Delhi have led to a consumer perception of dearth in availability of homes in the affordable range. However, Ghaziabad, a suburb of the capital city, comes to the rescue for those looking for a property within Rs 20-50 lakh budget, with all modern facilities.
Mixed land use for Noida, Greater Noida
Jun 14, 2013
DELHI: Mixed land use will soon be a reality in Noida, Greater Noida and Yamuna Expressway areas wherein commercial activities can be carried out from sectors earmarked for other uses like residential, institutional and industrial.
Ghaziabad: 2BHK the most preferred configuration
Jun 13, 2013
DELHI: Owing to comparatively lower property values than other parts of NCR and good connectivity, Ghaziabad has developed as a preferred residential location for youngsters working in the IT hubs of Noida and Greater Noida. These young professionals being single or having small families look for smaller residential units. It is thus, no surprise that 2BHK units are the most preferred configuration in Ghaziabad.
Delhi government asks schools to improve infrastructure
Jun 13, 2013
DELHI: The Delhi government on Wednesday directed all its schools to improve infrastructure and promised to provide all financial assistance for it.
Assotech Realty to invest Rs 100 crore on service apartments in Shirdi
Jun 11, 2013
DELHI: Assotech Realty today said it will invest about Rs 100 crore to develop a service apartment project at Shirdi in Maharashtra.
Multi-storey in high demand in Delhi
Jun 11, 2013
DELHI: Demand for multi-storey buildings in Delhi was recorded as approximately 53 per cent during the Feb-Apr 2013 period, a rise of 2 per cent from the Nov 2012-Jan 2013 period. The growing space crunch in the capital city could be the reason behind the demand for multi-storey units being the most preferred property type across all categories.
3BHK a hit among buyers and developers in Gurgaon
Jun 09, 2013
DELHI: Guragon has always been an abode to large and spacious residences that offer amenities that are at par with the best in the world. Home buyers in Gurgaon display a keen preference for larger homes which is depicted by the huge demand for 3BHK units vis-à-vis 1 and 2BHK homes.
Vacancy levels a key for commercial investment in Delhi-NCR
Jun 08, 2013
DELHI: Investing in a commercial property is a tough decision to make. If unplanned, one may have to bear high losses. And when you are thinking of investing in a metro city like Delhi-NCR, the risk factor is even higher.
Relief to builders, Centre relaxes green norms for high-rises
Jun 08, 2013
DELHI: In what will be a big relief to builders in tightly-packed cities such as Mumbai, the environment ministry has done away with green clearances for high-rise buildings based on the width of the roads that they fall by the side of and the distance from fire-stations. It has left it to the state government to makes rules as they deem fit.
Builder held in Mumbai for cheating Delhiites of Rs 25 crore
Jun 08, 2013
DELHI: A chef-turned-builder, who allegedly cheated around 3,000 investors of Rs 25 crore by promising residential plots in Navi Mumbai, has been arrested from Mumbai, police said today.
Realty regulatory bill should cover all stakeholders: CREDAI
Jun 07, 2013
DELHI: The bill to regulate real estate sector should cover the authorities responsible for giving approvals for projects, besides developers community, realtors' body CREDAI said today.
Cabinet clears real estate bill; repeat offences may land developers in jail
Jun 05, 2013
DELHI: The Cabinet on Tuesday cleared the Real Estate (Regulation and Development) Bill that provides for the creation of a regulator for the sector and tighter norms for selling housing projects.
Delhi NCR sees 39% decline in residential unit launches: Cushman & Wakefield
Jun 05, 2013
DELHI: According to the latest quarterly reports, global real estate consultancy, Cushman & Wakefield (C&W), the National Capital Region (NCR) witnessed the launch of approximately 7,600 units, a decline of 39% compared to the previous quarter.
Property sellers without PAN face 20% tax hit
Jun 02, 2013
Those selling immovable property without disclosing their permanent account number ( PAN) are in for a tough time with the government mandating a 20% tax deduction at source (TDS) in such transactions.
DLF targets new sales booking of more than 50% in FY'14
Jun 01, 2013
Realty major DLF LtdBSE -5.41 % today said it is targeting more than 50 per cent jump in new sales booking to Rs 6,000 crore in the 2013-14 fiscal.
DDA to pay Rs 2L to flat applicant
May 31, 2013
The negligence of the DDA that cost an applicant an opportunity to own a flat of his own has invited a penalty of Rs 2 lakh from the top consumer court.
Online registration of properties introduced in West Delhi
May 31, 2013
People in West Delhi can now expect hassle-free registration of properties with Chief Minister Sheila Dikshit today launching an online system to ensure transparency and offer people a seamless experience.

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