Latest Realty News

New supplies, resellers to bring down home prices
Sep 05, 2013
MUMBAI: If you have been waiting to buy a home, this could be your chance for some bargain hunting as nearly five lakh apartments are expected to be delivered this year, shaking up an already oversupplied home market and forcing real estate investors to sell them in a hurry.
KMC set to widen property tax ambit
Sep 05, 2013
KOLKATA: Get ready to pay enhanced property tax as the KMC is set to send notices to taxpayers across the city for General Revaluation (GR).
Land Bill to hit project timelines, hike cost estimates
Sep 03, 2013
DELHI: Rating agency Crisil on August 30 said Land Acquisition Bill, which was passed by Lok Sabha , will lead to an increase in the gestation time of projects and overall costs.
BDA day: CM lays stones for housing projects
Sep 03, 2013
BHUBANESWAR: In the occasion of Bhubaneswar Development Authority (BDA) Divas on Sunday, Chief Minister Naveen Patnaik laid foundation stones for three big-budget housing projects worth Rs 238 crore for the economically weaker sections (EWS) at different locations on the city outskirts.
New land bill may hit infra projects in Maharashtra
Sep 03, 2013
MUMBAI:Many infrastructure projects and development may come to a standstill in the state with the Lok Sabha clearing the Land Acquisition, Rehabilitation and Resettlement Bill, 2011.
Govt reaches out to airport operators for highrises in Bangalore’s CBD
Sep 03, 2013
BANGALORE: In a bid to make Namma Bengaluru mirror the highrise culture of a Shanghai or Singapore, the state government is seeking the cooperation of Hindustan Aeronautics Limited (HAL), the operators of the city’s old HAL airport, to allow builders to go vertical. Situated in the heart of Bangalore, HAL airport issues no-objection certificates (NOCs) on height limits to developments situated approximately in a 5-kilometre radius around the airport. Until 2010, the Airports Authority of India w
Land Acquisition Bill will help economical use of land
Sep 02, 2013
DELHI: The Land Acquisition Bill will help in economical use of land which is a scarce commodity in the country, government on August 29 said.
Realty prices push schools to outskirts of Ahmedabad
Sep 02, 2013
AHMEDABAD: Real estate prices are pushing schools outside the AMC limits. From Bopal to Vaishnodevi Circle, several schools are springing up to cater to the increasing urbanization.
Integrated building approvals to check graft in Hyderabad
Sep 02, 2013
HYDERABAD: In a bid to bring in transparency, avoid delays and check corruption, the Greater Hyderabad Municipal Corporation (GHMC) has decided to integrate online building approvals with occupancy certificates and property tax assessment.
Homes in Rs 30-40 lakh budget in Navi Mumbai
Sep 02, 2013
MUMBAI: Exorbitant real esate prices in Mumbai, have pushed residential demand towards Navi Mumbai. Today, the urban sprawl into the sub-city, has crossed all limits and has resulted in realty prices shooting up in Navi Mumbai too. However, despite the growing demand and consequent rise in capital values, one can still find a home for oneself in Navi Mumbai, within the affordable range of Rs 30-40 lakhs.
An integrated township encompasses all aspects of modern day living within a secure gated community
Aug 30, 2013
PUNE: A homebuyer in an integrated township can be assured of a vastly improved quality of life. Away from the chaos of city life, integrated townships promote holistic living and appeal to every age group – the young, the middle-aged and the elderly. More and more homebuyers are opting for township projects today because of the numerous benefits they offer.
‘Real Estate Regulation and Development Bill 2013 a positive step’
Aug 30, 2013
MUMBAI: The National Real Estate Developers’ Council (NAREDCO) wants rules and regulations governing real estate sector to be rationalised. It said large portion of the inconsistencies emerge from archaic laws, guidelines that conflict with the development agenda of the economy, disparity in incentives given to larger projects as against the same given to smaller projects. Also, the current FDI norms also make it difficult for smaller developers to access capital easily.
Pune’s Magarpatta belt offers quality and affordable housing
Aug 29, 2013
PUNE: Situated on the eastern side of Pune, Magarpatta is close to the Kharadi EON IT Park, Kalyani Nagar, Koregaon Park, Fatima Nagar and the Hadapsar Industrial Estate. Crossing the north main road towards Koregaon Park Annexe and approaching Mundhwa Road, the new DP Road will connect Koregaon Park to Magarpatta.
RNE is fast developing area for affordable housing in Delhi-NCR
Aug 29, 2013
DELHI: After Greater Noida West (Noida Extension), Raj Nagar Extension (RNE) on NH-58, under the jurisdiction of Ghaziabad, is developing as one of the most affordable destinations for middle-class homebuyers.
Regus launches new business centre in Gurgaon
Aug 28, 2013
GURGAON: Regus, the largest provider of flexible workplaces globally, today opened a new business center in Gurgaon, the country’s commercial hotspot. The new centre will provide turnkey access to businesses of all sizes and help satisfy strong demand for business-ready space in the National Capital Region (NCR).
Plan inclusive cities, say experts
Aug 28, 2013
AHMEDABAD: The National Institute of Design (NID) hosted, on August 23, an interesting discussion on what shapes the cities of India. Organized by the Goethe-Institut, India, ‘Dreams and Planning: The Case Of Cities In Twentieth Century India’ drew eminent panelists like Prof Amita Bhide and architect Romi Khosla. They spoke on the two contrasting views on what master plans mean in the Indian context.
GIDC to set up industrial estates in Mandal-Becharaji area
Aug 28, 2013
GUJARAT: Gujarat government may have gone on the back foot by excluding 36 of the 44 villages from its proposed Special Investment Region (SIR) in Mandal -Becharaji area but its Gujarat Industrial Development Corporation (GIDC) is going ahead with its plans of setting up three industrial estates in the area.
Offering affordable housing: Chakan, Pirangut and Moshi
Aug 27, 2013
PUNE: With affordable housing options reducing in many real estate markets of big cities, Pune is one city that is still offering homes that fit smaller budgets. According to industry players, 70 per cent demand in the segment is for affordable housing while 30 per cent is for high-end or from the upper middle-class segment in Pune. Localities such as Chakan, Moshi and Pirangut, are largely catering to this demand. As per research from MagicBricks.com, these localities offer properties within th
Highrises in Mumbai need Met nod
Aug 27, 2013
MUMBAI: Developers building skyscrapers over 70 metres high (20 floors) in the island city now face another hurdle to get their plans approved. In perhaps a first in the city, the regional meteorological centre has lopped off the height of two proposed towers by half because they could have interfered with the new Doppler weather radar installed on top of the 18-storey Archana building in Navy Nagar three years ago.
WAVE city center launches Vasilia in Noida
Aug 23, 2013
NOIDA : WAVE City Center, the flagship mixed-use project by WAVE Infratech announced the launch of world class premium residency project in Noida proper (in the heart of Noida) – Vasilia.
Improved infrastructure leading to development in Bangalore West
Aug 23, 2013
BANGALORE: Bangalore west is a market that is coming of age. One of the early residential areas with industrial growth, this region has now opened out to witness stand-alone commercial and integrated developments. Connectivity has led to a significant boost in the development of this region – the Tumkur Road highway, improvements to Mysore Road and Magadi Road with connectivity enhanced through the Outer Ring Road (ORR). With the Metro line soon to be inaugurated between Peenya and Sampige Road,
MCD waives penalty, interest to recover property tax dues
Aug 22, 2013
DELHI: With MCD property tax worth crores of rupees due against various government and private organisations, the civic body has now offered immunity till November 30, waiving penalty and interest on payments under a new settlement scheme to benefit thousands of residents.
Bandra-Kurla Complex is emerging as a hub for consulates
Aug 22, 2013
MUMBAI: Bandra-Kurla Complex (BKC) is one of the most strategic commercial and residential real estate locations in Mumbai – in fact, maybe in the country. This extremely valuable location has gone from strength to strength ever since it was reclaimed from marshlands hemmed in by Bandra in the west, Kurla in the east and Santa Cruz in the north.
Andheri West outpaces its eastern counterpart
Aug 21, 2013
MUMBAI: Situated in the western suburb of Mumbai, Andheri has come a long way from being just a suburb. Today, the locality is one of the most populous suburbs in Mumbai and is bustling with commercial as well as residential developments. Like any other suburb in the city, Andheri is also divided into east and west zones by the railway line. Both the zones today, are identified as prime real estate destinations that command attention from homebuyers, of course for different reasons. Andheri west
Small apartments see high sales in Chakan, Moshi and Pirangut
Aug 21, 2013
PUNE: With the presence of IT companies, educational institutes and organisations from other industries, the residential market in pockets like Chakan, Moshi and Pirangut have grown exponentially. The influx of young people who have moved to the city for jobs or studies, are driving the demand for smaller apartments.

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