Latest Realty News

New urban housing scheme notified
Sep 27, 2013
BHUBANESWAR: The state government on Thursday notified revised scheme for urban housing introducing a fourth model of creating cheap houses in addition to changing certain stipulations in the existing models.
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
Housing to get costlier on 30% hike in cement prices
Sep 27, 2013
MUMBAI: After witnessing a price correction in all major markets owing to sluggish demand, cement prices have increased by over 30% in a month to Rs 275 for each 50kg bag. With the trend expected to continue, a cement bag is likely to cost over Rs 325 this festive season, hitting the ailing realty sector and making it costlier to purchase that dream home.
‘Hiba valid for property transfer’
Sep 27, 2013
HYDERABAD: The AP State Minorities Commission (APSMC) on 25th September issued notices to various government agencies instructing them to accept the Hiba (oral gift) as a valid method of transferring immovable properties.
35 illegal floors of Campa Cola may be razed on Oct 3
Sep 27, 2013
MUMBAI: The last vestiges of hope for embattled residents of the upscale Campa Cola society in Worli appears to be lost. The BMC’s building proposal department has “on legal grounds” rejected their proposal to regularize those sections of the society that fall within the permissible floor space index (FSI) limit. The BMC plans to raze 35 illegal floors across seven buildings on October 3, instead of the earlier plan of October 2 owing to Gandhi Jayanti.
Experts say pay VAT only if sale deed mentions it
Sep 27, 2013
MUMBAI: The SC was hearing 26 appeals against VAT on sale of flats, of which 12 were from Maharashtra and the rest from Karnataka while upholding the states’ right to impose VAT. The verdict means flats sold since July 1, 2006 will be liable for payment of the tax, unless the building was issued an Occupancy Certificate before the sale agreement.
North Bangalore – Emerging residential destination
Sep 27, 2013
BANGALORE: Bangalore north has become the epicentre of the city with the presence of the international airport in Devanahalli. A host of civic infrastructure projects to upgrade connectivity and promote seamless travel are further enhancing the dynamics of this region.
Affordable housing to be main attraction at GIHED
Sep 27, 2013
AHMEDABAD: Affordable housing seems to be the flavour of the three-day property show by Gujarat Institute of Housing and Estate Developers (GIHED) which begins on 27th September. About 70 developers will showcase residential, commercial and plotting projects.
Impact of inflation on home loan
Sep 27, 2013
BANGALORE: Over the past few years, home loan interest rates have steadily crept upwards. Everyone blamed it on inflation. In past few months, the rates have steadied after minor downwards rate revisions by the central bank. What happens during inflation?
Sale of residential property and tax
Sep 27, 2013
BANGALORE: A sale of property has tax implications. Before deciding on selling your property, you must analyse the tax implications as well. Capital gains tax is leviable when you sell a property. The gains arising out of the transfer of a property is the difference between the amount spent on its acquisition including the amount spent on improvement of the property, and the consideration received on its transfer. The excess over the amount spent is the capital gains.
Credai creates forum for global exposure
Sep 25, 2013
PUNE: The Confederation of Real Estate Developers Associations of India, Pune Metro, has created an International Business Forum (CIBF) for its members to interact with companies and consultants in other countries with a view to promote trade, technology and knowledge exchange among developers.
Skyscrapers changing the face of Pune
Sep 25, 2013
PUNE: Pune’s growth and development has coincided with the boom of the IT industry. From the erstwhile bungalows and row houses, its skyline was defined by 35-metre apartment developments in the late twentieth century and is now seeing skyscrapers tall enough to capitulate Pune to the ‘developed cities’ club. Besides, the vertical developments have helped in freeing the available ground space, providing better scope for landscaping and economising of services in comparison to any other normal de
‘Infrastructure should match realty growth’
Sep 25, 2013
PUNE: Real estate development is happening in the city at a steady pace, but the municipal administration will have to match this progress with infrastructure development so that there is no mismatch between growth of construction and civic amenities, said real estate developers on 22.
Metro boost, new affordable localities keep Chennai real estate active
Sep 21, 2013
CHENNAI: As Chennai eagerly awaits the advent of the city’s Metro rail services, the real estate industry too, watches with bated breath. As the rapid transit services roll out in phase after phase in city after city, both transport corridors and real estate have had a love-hate relationship with each other.
Perungudi: A good investment option for mid-segment home buyers
Sep 21, 2013
CHENNAI: If you are looking to buy property in the budget range of Rs 60-70 lakh, Perungudi can be the end of your search as the locality offers a number of housing options. With factors like well-built social infrastructure, proximity to IT companies and seamless connectivity, Perungudi comes across as an ideal destination for an end-user. Here’s why:
Disappointed by RBI? Take steps to reduce home loan burden
Sep 21, 2013
MUMBAI: Home loan borrowers are disappointed after the Reserve Bank of India (RBI) hiked the repo rates by 25 basis points (100 bps = 1%) on 20th September. However, financial planners feel it is too early to predict whether banks will increase interest rates on home loans again, as many major banks, including State Bank of India, have raised rates only recently. “This is probably the first time that measures like these (reduction in the MSF rate, with simultaneous increase in repo rates) have b
Festive season offers on the cards
Sep 21, 2013
BANGALORE: The festival season is here. Navarathri begins in October, followed by Dasara and Diwali. The festive season continues till the end of the year. This period is considered auspicious for new projects, including purchase of property. Banks and housing finance companies make best use of this buoyant phase. Banks are expected to launch special schemes during the season. In the festive season, banks witnesses a growth in retail loans.
Greater Noida authority launches industrial plots scheme
Sep 21, 2013
DELHI: The Greater Noida Industrial Development Authority has launched a scheme offering industrial plots of sizes greater than 2,100 square metres.
Non-resident Gujaratis wary of investing in realty sector
Sep 20, 2013
AHMEDABAD: Contrary to the belief that the depreciating rupee will bring in investment from non-resident Indians (NRIs) into the real estate industry, Gujarat has seen up to 50% decline in investment by global Gujaratis this year from three years ago.
A square look at the revised Land Acquisition, Rehabilitation and Resettlement Bill
Sep 20, 2013
MUMBAI: The Land Acquisition Bill, which the new Bill now supersedes, is a century-old law with many archaic elements and loopholes. The new Land Acquisition Bill essentially champions the cause of the marginalised section and puts in place many safeguards and checks. The Parliament has now passed the new Bill with amendments such as exclusion of irrigation projects from the compulsory Social Impact Assessment study within a period of six months from the date of acquisition, and tweaks in Clause
RBI and Finance Minister mull cheaper home loans
Sep 20, 2013
DELHI: With little headroom to cut interest rates, the finance ministry and the RBI are considering a plan to give cheaper funds to banks to lend to the housing sectors as the festive season approaches. “The finance ministry is evaluating a scheme launched by the Bank of England wherein it provides funding to banks and building societies at lower rates,” a ministry official said.
SBI surprises with rate hike on home loans
Sep 20, 2013
DELHI: Home loans have become costlier with State Bank of India (SBI) hiking its benchmark rates and revising the pricing in retail loans. The bank has also raised its deposit rates to increase the pace of fund mobilisation.
Budget housing finds demand in Bangalore South
Sep 20, 2013
BANGALORE: From housing some of the oldest localities in Bangalore, the south has stretched far beyond to witness development up to Hosur. The main factor pushing growth has been the proliferation of the IT/ITeS sector in this belt. Civic projects such as the Hosur Road expressway, the upcoming Metro line, good social infrastructure and lower land cost towards the peripheries have led to residential development along this corridor. Some of the localities that have come into focus are J P Nagar,
Strong fundamentals behind more launches in Mumbai
Sep 20, 2013
MUMBAI: At a time when the economic slowdown has severely affected new launches in many property markets across India, Mumbai has seen the maximum launches in the first half of 2013. This shows without a doubt that the fundamentals of the city are still strong, making it a very resiliant property market. Even the NRIs prefer to bet on a matured market like Mumbai, compared to any other emerging market, due to the fact that the island city is the financial capital of the country. The overall real
BMC property tax collection system down as deadline nears
Sep 18, 2013
MUMBAI: The property tax payment deadline is just 15 days away, but the BMC’s collection system has been on the blink since a week, hugely inconveniencing Mumbaikars. It may take a few more days to be up again.

Latest Realty News Of State

Realty Talk's