Latest Realty News

Survey helps Hyderabad officials find litigation-free land
Nov 22, 2013
HYDERABAD: After a six-month marathon exercise on government land, the Hyderabad district administration has discovered 66 acres litigation-free government land, worth hundreds of crores, in its jurisdiction.
BMC website with approved building plans
Nov 22, 2013
MUMBAI: The BMC is going ahead with its plan to put all building permissions on its website, a move that would have rendered meaningless the State Information Commission’s earlier order restricting access to the plans.
Bangalore North: A commercial hub in the making
Nov 22, 2013
BANGALORE: The northern belt mainly consists of the micromarkets Hebbal, Yelahanka, Devanahalli and Bellary Road and comprises the northern realty hub of the city. Known for its residential catchments, good social infrastructure and roads, the northern part of the city is well-connected and boasts of easy accessibility and proximity to the international airport.
Kundli-Sonipat area promises high returns
Nov 22, 2013
DELHI:The pressure on the overburdened infrastructure of Delhi has pushed real estate development to the peripheral areas of the capital city, with the newly developing region of Kundli-Sonipat along NH-1 benefiting from this perceptible movement.
Campa Cola razing to go ahead despite rains
Nov 21, 2013
MUMBAI: The civic body has resolved to commence the demolition of the illegal flats in Campa Cola compound after May 31 irrespective of the monsoon. Still, the society residents are clutching at straws, hoping to exhaust all legal options before that day arrives.
Kolkata real estate: end users drive property prices
Nov 21, 2013
KOLKATA: Kolkata is one of the very few real estate destinations where demand by end users is driving the prices of properties.
Unique freebie: Buy mansion and get a Rolls Royce Phantom free!
Nov 19, 2013
MUMBAI: In a novel offering, a realtor in the US state of Florida is giving a Rolls Royce car for 'free' with a nearly USD 13 million mansion.
BDA asked to earmark land for affordable housing project
Oct 31, 2013
BHUBATIESWAR: State Housing and Urban Development (H&UD) department has asked Bhubaneswar Development Authority (BDA) to take advance possession of 96.24 acre of land at Gothapatana on the outskirts of the city for construction of houses under the Scheme for Affordable Urbul Housing in Orissa, 2012:
Marunji Road: Destination next in Pune
Oct 28, 2013
PUNE: The Hinjewadi IT Park is an outstanding success story in its own right. It has single-handedly boosted Pune’s profile on the national and global business map. The effect that the Hinjewadi IT Park has had on the type of demand for residential spaces in the adjoining areas like Marunji road is a textbook case of the IT industry and its accompanying culture dictating the shape and form of a market. Real estate investors and developers are quite confident that the area will be one of the most
PMC to check 50k residential properties for commercial use
Oct 18, 2013
PUNE: Nearly 50,000 properties in the city will be screened from November for commercial use of residential properties. The civic administration hopes to increase property tax revenue by Rs 50 crore.
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.
Proper notice must to hike property tax
Oct 10, 2013
MUMBAI: The Brihanmumbai Municipal Corporation cannot hike property tax without serving proper notice on the property’s owner or occupier, the Bombay high court has said. Eleven years after the BMC asked some Girgaum residents to pay extra tax, Justice S S Shinde came to their aid and said the pasting of notice on the property “cannot be accepted”.
Now, BMC to form buildings safety panel
Oct 09, 2013
MUMBAI: In the wake of the building collapse in Mazagaon, the BMC will form a standard technical advisory committee (STAC) to monitor building safety in a scientific manner. This committee will function on the lines of the civic body’s STAC for roads and will play a crucial role in deciding the nature of dangerous categories for dilapidated buildings in the city.
The evolution of Kandivali as a residential hotspot in Mumbai
Oct 08, 2013
MUMBAI: Kandivali has seen a drastic transformation in recent times. Homebuyers prefer this location due to its proximity to important commercial centres, like BKC and Andheri. With projects focused on modern lifestyles and amenities coming up in the area, buyers have another reason to rejoice. There are a number of exceptional facilities, like schools and colleges, restaurants, theatres and gardens in Kandivali; the area has undergone a complete makeover.
Right time to invest in the Goregaon-Borivali growth corridor
Oct 08, 2013
MUMBAI: For people looking for well-designed living spaces with beautiful landscapes, the glitziest malls and commercial outlets – all within a walking distance, Goregaon west is the ideal location. Off the western express highway, Goregaon west has emerged as an upscale commercial and residential destination in the western corridor of Mumbai.
Buying a property: Read the sales agreement carefully
Oct 08, 2013
DELHI: It can take months, even years, to find a dream home. After extensive bargaining, when you manage to seal the deal, remember to go through the sale deed in detail before signing on the dotted line.
Andheri East is an attractive proposition for Mumbai homebuyers
Oct 08, 2013
MUMBAI: Andheri east has gained prominence in both, residential and commercial segments lately. It is an industrial area and also a MIDC-SEEPZ zone. The Chhatrapati Shivaji International Airport is an important landmark here. The upcoming Mumbai metro and its close proximity to the western express highway ensure that any project here will see increasing valuations over the years. Ramesh Nair, managing director west, Jones Lang LaSalle India, says, “The area has now become a hot property destinat
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.
Greater Noida Authority cancels allotment of 1,200 plots
Oct 04, 2013
DELHI: The Greater Noida Authority cancelled allotments of around 1,200 plots on October 1 on account of non-payment of pending dues by their owners. These include 1,173 residential plots in different sectors of the city. Authority officials informed that allotments of 25 industrial plots and 12 institutional plots have also been cancelled.
New Town in Kolkata inches closer to solar city
Oct 04, 2013
KOLKATA:The Centre has approved the masterplan presented by the state government to develop Rajarhat New Town as a solar city. It mentions ways as to how solar and renewable energy can be used in the township. It will be a Rs 400-crore project if all proposals are implemented.
Now, apply online for deemed conveyance in Mumbai
Oct 03, 2013
MUMBAI: Cooperative housing societies will be able to file online applications for deemed conveyance of their properties from October 10, said a Member of Parliament.
Abadi land lease starts in Greater Noida
Oct 01, 2013
DELHI: Greater Noida Authority has begun leasing back abadi land to farmers of 39 villages who had been disgruntled over acquisition for industrial development of the area. In the first phase, the Authority has handed back 82,000 sqm of abadi land to 37 farmers of Bisrakh village.
Flat owners advised caution over VAT payment to builders
Oct 01, 2013
PUNE: Citizens’ groups and consumer forums have appealed to flat owners to refrain from hurriedly paying Valued Added Tax (VAT) to builders, following the Supreme Court’s decision.
Chennai developers scout beachfront options
Oct 01, 2013
CHENNAI: Clearing the air over rules governing construction of buildings in coastal regulation zones (CRZ), Chennai Metropolitan Development Authority (CMDA) has started issuing approvals for residential projects on the beachfront. The road abutting Elliot’s Beach in Besant Nagar will soon house one such project, a three-storeyed residential building being promoted by a prominent city builder.
Building terrace must be open to all residents: Bombay High Court
Sep 30, 2013
MUMBAI: No resident can be allowed to obstruct the BMC’s move to ensure access to the building’s terrace to all residents and for emergencies, the Bombay high court has ruled.A division bench of Justices S C Dharmadhikari and Gautam Patel dismissed a petition filed by a resident of a building in Grant Road who had challenged the notices issued by the municipal corporation.

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