Latest Realty News

DDA approves land pooling policy
Jul 27, 2013
DELHI: The Delhi Development Authority (DDA) today approved the much-awaited land pooling policy which will pave way for easier acquisition of land for housing projects.
Serviced apartments are a better option in Mumbai
Jul 25, 2013
MUMBAI: At Rs 65 lakhs, a one-bedroom serviced apartment in Andheri seems like a dream investment for Piyush Sharma, who is working with HSBC Bank. His office is close by and although the unit is only a modest 400 sq ft, Sharma is not put off – he is single and does not need a lot of space. Should he decide not to stay in the unit, he could always opt for the leaseback option offered by the developer. Such serviced apartments have especially come up in areas like Andheri, Goregaon, and Worli in
Procedure for registrar to bring defect to notice of society
Jul 24, 2013
PUNE: The procedures for the Registrar to bring defect, disclosed in inquiry or inspection to notice of the society is as follows:
How to buy a flat and not lose sleep
Jul 24, 2013
DELHI: Most middle class people in the country dream of owning a house. Also, investing money in real estate is always rewarding. But since the government is yet to prepare an ownership registry of all the properties in the country, in many cases, the title of a property is not clear. Besides, as there is no clear land acquisition policy, a real estate project can run into trouble and the dream sour quickly. Besides, multiple agencies are required to give approvals before a project can take off
Developers coming up with innovative designs in Andheri East properties
Jul 24, 2013
MUMBAI: Andheri east is best known for its commercial setups. This growth has now fuelled housing demand and developed a strong residential market in the locality. Due to this, many developers are coming up with new projects, offering various amenities and innovative designs to attract buyers.
Buying a branded property? Things you should consider
Jul 24, 2013
MUMBAI: What’s in a name? The Bard would never have guessed just how wrong he got it. Consumers today swear by brand names for everything, from breakfast cereal and baby diapers to washing machines and watches. Late last year, a report by property consultant Knight Frank revealed the growing trend towards branded properties.
Major schemes for affordable housing to be modified: Girija Vyas
Jul 23, 2013
DELHI: Major schemes meant for providing affordable housing to urban poor will soon be modified to make them more people-friendly, the government said today and invited the private sector to contribute more actively in this area.
Karnataka to raise Rs 1,000 crore for IT investment region project
Jul 23, 2013
BANGALORE: Karnataka plans to raise a loan of Rs 1,000 crore to acquire land for the Information Technology Investment Region (ITIR) project. The project is to come up near theKempeGowda International Airport.
No rebate on early property tax payments this year in Mumbai
Jul 23, 2013
MUMBAI: Procedural and technical delays have forced the civic body to cancel the proposed property tax rebate on early bill payments for 2013. The Early Bird Incentive Scheme will now be rolled out only for the financial years 2014-15 and 2015-16.
Luxury housing, redevelopment caters to demand in RA Puram
Jul 22, 2013
CHENNAI: Touted as one of the most-developed residential locations in Central Chennai, RA Puram is considered to be the ultimate residential abode in the city if one is looking for a well-connected and up-market yet calm area.
Mumbai: At the pinnacle of the luxury market
Jul 22, 2013
MUMBAI: Historically, Mumbai has not just been the financial capital of India but also the ‘luxury capital’ of the country. However, some people are critical of this assessment, pointing to the fact that luxury brands like Louis Vuitton or Gucci have spread to stores in other markets, as well. Nevertheless, when it comes to real estate, the city’s property market still commands a premium in India and also in the global context.
Gujarat government announces a five year housing scheme for 22 lakh dwellers
Jul 18, 2013
AHMEDABAD: Gujarat government on Wednesday announced affordable housing schemes for 22 lakh urban households in the state in five years. This includes rehabilitation of slum dwellers, a subsidy of Rs one lakh to families in economically weaker category and Lower Income Group (LIG) as well as an interest subsidy of rupees one lakh for citizens booking flats in schemes by private developers. It will also provide Rs 50,000 per house for providing urban infrastructure to schemes for economically wea
Affordable housing project by August
Jul 03, 2013
BHUBANESWAR: The government will soon alienate around 100 acre to build affordable houses for economically weaker sections (EWS) at Gothapatna on the outskirts of the city, development commissioner Injeti Srinivas said here on Monday. The government is planning to launch its first such project in the city by August.
New land prices dampen Noida-Greater Noida’s realty
Jun 03, 2013
With the three development authorities of Noida, Greater Noida and Yamuna Expressway having revised their land prices, the dream to build or buy a house of one’s own has become costlier. These authorities have raised the land prices by up to 40% of their current rates.
DDA pitches for studio flats
May 29, 2013
Short-term, albeit affordable, housing in the capital is set to become a reality. The Delhi Development Authority (DDA) has proposed a new provision in the Master Plan 2021 for introduction of studio apartments and service apartments. According to the proposal, studio apartments will be allowed to come up in residential zones, while service apartments will be restricted to commercial centres.
The Panvel-New Panvel stretch will witness multiple project possessions
May 28, 2013
The upcoming International Airport at Navi Mumbai has infused new life into the real estate market in the southern suburbs of Panvel and New Panvel, which would be in close proximity to the airport. This has made these locations, one of the most-promising property destinations in Navi Mumbai, today.
104 villas for retirement community project announced
Mar 05, 2013
Real estate developer 'The Chennai Homes' today announced its first retirement community project 'Aishwaryam' comprising 104 fully furnished single bedroom independent villas.
Homestead Infrastructure launches 'Michael Schumacher World Tower' in Gurgaon
Oct 26, 2012
Homestead, the London-based real estate player and a pioneer in branded luxury residences, announced the launch of the ' Michael Schumacher World Tower' in Sector 109, Gurgaon. Spread over approximately 5 acres, this project will consist of 28 high rise floors and offer about 100 homes. Customers can choose from a range of sizes done in the most tasteful manner. These homes have high efficiency in terms of areas offered and have the best specifications offered till date.
Flat delivery failure: Ansal to pay Rs 14L
Oct 26, 2012
New Delhi: Ansal Landmark Township Pvt Ltd has been directed by a consumer forum here to refund Rs 13.33 lakh to a customer for failing to deliver him a two-room flat in time in its project "Sushant Royale" at Karnal in Haryana. The New Delhi District Consumer Disputes Redressal Forum also awarded a compensation of Rs one lakh to customer Rohit Dhingra for the harassment caused to him. Th
Housing sector may see some price correction: NHB
Oct 12, 2012
New Delhi : Housing finance firms' regulator NHB today said there may be "some price correction" in the housing segment as there is inventory build-up in some areas. "Such projects which are not selling on account of high price perception may see some price correction partly in the light of current downward revision in the housing loans," National Housing Bank (NHB) Chairman and Managing Direc
DLF clarifications 'half truths and lies': Arvind Kejriwal
Oct 07, 2012
NEW DELHI: Activist Arvind Kejriwal on Sunday described the clarifications of realty major DLF on his allegations that Robert Vadra was given property at throw away prices for government favours as "half truths and lies". "DLF has issued a response. It is full of half truths and lies. A lot of information has been suppressed," he tweeted. "We will issue a detailed response tomorrow. But doe
CREDAI asks builders not to pay bribe to officials
Oct 05, 2012
NEW DELHI: Hurt by allegations of corruption in the realty sector, CREDAI -- the apex body of developers -- has asked its about 10,000 members not to pay bribe to officials for getting project clearance. "We have had enough of these charges that builders breed corruption," Confederation of Real Estate Developers Association of India (CREDAI) President Lalit Kumar Jain said in a statement. He w
Noida sec 75, 120 construction stayed
Oct 04, 2012
Allahabad: Projects of at least 6 builders in Noida hit, petition says land wasn’t formally acquired from farmers. The Allahabad High Court on Wednesday stayed construction of multi-storey residential projects of nearly half a dozen private developers in Sector 75 and Sector 120 of Noida. The court took the decision while hearing of a petition, which alleged that the Noida Authority allotte
Sewage floats on CDA roads
Sep 24, 2012
Cuttack, Sept. 23: Overflowing sewer channels have forced the residents of CDA Colony —the satellite township developed by Cuttack Development Authority — to stay indoors for about a fortnight now. CDA Sector VII has been the worst sufferer of the waterlogging situation for the last fortnight as Cuttack Municipal Corporation (CMC) has not allegedly taken any step to clear the sewage accumulate
DDA asked to look into problem of unsafe buildings
Sep 24, 2012
New Delhi : With a survey by Central Building Research Institute finding that 70 per cent of buildings on the Yamuna floodplains were structurally unsafe, Delhi LG Tejinder Khanna has asked DDA to form a specific unit to deal with this problem. Khanna, who is also the Chairman of DDA, said the survey found that 70 percent of houses on the Yamuna flood plains were "unsafe structurally" and coul

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