Latest Realty News

CM sets roads rolling to nowhere
Feb 17, 2014
BANGALORE: CM Siddaramaiah's allocation for Bangalore's roads - a surprising Rs 8,800 crore - is enough to beat Singapore's smooth network. The funds are earmarked for roads and related infrastructure, including road widening, elevated corridors, grade separators etc. But look close, and there's nothing concrete about the plans.
Will Illegal-Building-Infested T Nagar get 'Commercial' Escape?
Feb 17, 2014
CHENNAI: Chennai Metropolitan Development Authority is facing a hamletian dilemma on whether to act against illegal buildings or frame appropriate rules and guidelines after the High Court quashed two Government Orders (GO) that allowed regularisation of illegal buildings built till July 1, 2007.
CMDA Officals use Red Tape and Lapses as Anti-Graft Safety?
Feb 17, 2014
CHENNAI: Illegal construction in Chennai has been thriving due to corrupt Chennai Metropolitan Development Authority (CMDA) officials who allegedly have links to real estate agencies in different guises.
Building sealed in Chennai
Feb 17, 2014
CHENNAI: Officials of Chennai Metropolitan Development Authority on Friday sealed a building that was constructed without applications for planning permission.
Mumbai, Pune home prices jump 50% in past five years
Feb 15, 2014
MUMBAI: Mumbai Metropolitan Region and Pune have seen 50% jump in residential prices in the last five years, which is highest among the top seven cities, said a new survey.
Home sales bounce back in December quarter, clocks 22% rise in top 6 cities
Feb 12, 2014
DELHI: After several quarters of tepid growth, home sales bounced back in the three months to December with a 22 per cent rise in top six cities, according to property research firm Liases Foras.
Your Dream Home May Get Dearer
Feb 12, 2014
CHENNAI: Now flats in Chennai are likely to become a tad more costly since the Chennai Metropolitan Development Authority (CMDA) has decided to charge four times the previous security deposit from the builder while issuing planning permission.
Pune Municipal Corporation strongly supports 4 FSI proposal
Feb 07, 2014
PUNE: The Pune Municipal Corporation (PMC) has made it clear that declaring 4 floor space index (FSI) in metro corridors is the only way if Pune metro has to become a reality.
Housing starts slow down in Chennai, Bangalore & Kolkata
Feb 05, 2014
KOLKATA: Housing starts in large cities such as Kolkata, Chennai and Bangalore have slowed down, according to the Housing Start-Up Index, a new indicator of housing construction, released by the Reserve Bank of India and the Ministry of Housing and Urban Poverty Alleviation (MHUPA) on Monday. However, in cities such as Ahmedabad, Bhopal and Hubli, housing starts have increased.
Infrastructure projects to get a boost with Noida Authority's Rs 8,000 crore budget
Jan 27, 2014
NOIDA: The Noida Authority, one of the richest civic bodies in the country, plans to draft a budget of Rs 8,000 crore for the financial year 2014-15 with various infrastructure projects, including the setting up of the Noida Metro Rail Corporation (NMRC).
Govt plans to merge three key agencies
Jan 23, 2014
KOLKATA: The state government has been merging several agencies for better administration. Last year, the KMDA's land acquisition cell was merged with the marketing management section of the authority. Officials said it was nothing but an administrative procedure for better functioning of land acquisition-related matters.
Kilpauk building locked, sealed
Jan 23, 2014
CHENNAI: Officials of the Chennai Metropolitan Development Authority (CMDA) on Tuesday sealed a multi-storey building being built on Millers Road in Kilpauk for violating its plan approval.
CMDA set to hike security deposit for buildings
Jan 23, 2014
CHENNAI: Chennai Metropolitan Development Authority (CMDA) is all set to increase fourfold the security deposit for construction of buildings.
Developers in quicksand as truckers continue stir
Jan 21, 2014
BANGALORE: It's been a month since sand truckers went on an indefinite strike across the state, affecting construction activity in Bangalore. Metro contractors are also struggling to get sand.
Properties near metro stations can be turned commercial soon
Dec 31, 2013
HYDERABAD: Land owners having properties within 300 metres of the proposed Hyderabad metro rail stations would soon be able to utilize their properties as per the new guidelines on Transit Oriented Development (TOD) prepared by the Hyderabad Metropolitan Development Authority (HMDA).
Metro construction damages 212 buildings
Dec 16, 2013
CHENNAI: Metro rail tunneling caused cracks in 212 buildings in the city, reveals an RTI application filed by TOI. The RTI also shows that the damages are not limited to old buildings in north Chennai.
Maximum homes sold are priced under Rs 5,000/sq ft: Research firm
Dec 12, 2013
DELHI: Apartments priced under Rs 5,000 per sq ft account for nearly three out of four homes sold in Mumbai, National Capital Region, Pune, Bangalore and Chennai over the past year, data from real estate research firm Liases Foras shows. While such homes comprised 73% of the total sales in these areas, the figure was an even higher 84% in Bangalore and Pune.
Uppal land losers to get developed plots soon
Dec 09, 2013
HYDERABAD: Nearly six years after their land was acquired, affected property owners of Uppal Bhagat will get developed plots soon. The Hyderabad Metropolitan Development Authority (HMDA) has decided to allot plots on lottery basis in a couple of weeks
‘Development of Kolkata will be around areas near Metro’
Dec 04, 2013
KOLKATA: Future development of the city will mostly be centred on routes nearest to the Metro Railway, CREDAI Bengal President Harsh Vardhan Patodia said here on Tuesday.
Inventory piles up in Mumbai residential realty on muted demand
Dec 03, 2013
MUMBAI: Mumbai’s residential real estate market is perhaps going through its worst phase. Almost 45% of MMR's (Mumbai Metropolitan Region’s) ready and under-construction projects are lying unsold due to weak demand and high prices, according to a report by international property consultant Knight Frank.
Affordable housing destination
Nov 19, 2013
MUMBAI: Badlapur is a small town on the periphery of the Mumbai Metropolitan Region (MMR). Badlapur city is virtually divided into two areas, East and West, by the Central Railway track. Badlapur East is mostly built on the hills and so are some parts of Badlapur West. The Ulhas river flows between Kulgaon and Badlapur.
Rapid Metro in Gurgaon pushes up realty prices
Nov 16, 2013
DELHI: The Rapid Metro in Gurgaon will be a boon for the residents of MG Road, DLF Phase II and III. It will also add sheen to the commercial properties in DLF Cyber City.
Delay in infra projects can hit property prices in their region
Nov 14, 2013
MUMBAI: In a report released two years ago, ratings agency Standard & Poor's said, "Infrastructure development in the country is being hit hard due to the slow pace of reforms and limited long-term funding options and this trend could deter economic growth of the country."
Vacant land sale to fund project
Nov 04, 2013
CHANDIGARH: The UT administration has begun working out a financial model for Rs 10,900 crore Metro project as neighbouring states have already conveyed they would not share any subsequent losses incurred by the project.
WAVE Infratech launches Metro Mart in Noida
Oct 29, 2013
NOIDA: With an aim to present world class shopping experience in Delhi/ NCR, WAVE Infratech, flagship real estate wing of WAVE Group, launched “Metro Mart – One stop shop for all your shopping & entertainment needs” today situated in Noida Proper (Sector 32 & 25A). This ambitious project is the outcome of a vision to transform the whole shopping experience in Delhi/ NCR and bring global retail players under one roof.

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