Latest Realty News

MMR-housing-market-records-worst-half-year-post-global-financial-crisis
Jul 28, 2015
MUMBAI: Housing market in Mumbai Metropolitan Region has recorded worst half-yearly performance since global financial crisis in 2008 with around 2 lakh unsold homes and weakening sales, showed a report released by Knight Frank India for the period ending June.
Maharashtra-Government-to-Build-11-Lakh-Houses-in-Mumbai
Mar 31, 2015
MUMBAI: Maharashtra government will construct 11 lakh houses in Mumbai and about seven lakh in the Mumbai Metropolitan Region (MMR)
Maharashtra-govt-plans-to-raise-FSI-in-Greater-Mumbai
Feb 07, 2015
Mumbai: The Bharatiya Janata Party (BJP)-led government in Maharashtra announced a slew of steps to transform the Mumbai Metropolitan Region (MMR) into a global financial, commercial and entertainment hub
A-happy-new-year-for-Mumbai’s-grim-realty-sector?
Jan 29, 2015
Mumbai: The realty sector in the Mumbai Metropolitan Region (MMR) took a big hit last year
Buy one get one offer for apartments from Supertech
Dec 27, 2014
New Delhi: Freebies in the real estate sector have reached a new high
Delivery delays, high inventory plague real estate sector
Dec 23, 2014
New Delhi: The real estate sector in India continues to be hit by a huge inventory, a drop in the number of new launches and delivery blues
Property prices in MMR likely to correct by up to 20 pc:Survey
Nov 26, 2014
Mumbai: Piling up inventory and rising demand from home buyers may result in declines in property prices by nearly 20 per cent in the Mumbai metropolitan region (MMR)
CM moots new cluster policy, 20L city homes
Nov 24, 2014
MUMBAI: CM Devendra Fadnavis considers housing a top priority and wants to create 20 lakh new homes in MMR over five years
Housing price: Go for a hard bargain as developers look to dispose unsold inventory
Oct 18, 2014
New Delhi: Defying expectations, the festive season this year has failed to evoke the desired demand in the residential housing space
Mumbai’s ‘recession-proof’ south witnesses a downturn
Oct 11, 2014
With Mumbai’s real estate sector activity shifting northwards, a trend that is amply reflected in the surge in prices in that part of India’s business capital, south Mumbai’s billing as the country’s costliest real estate hub seems to be under threat
Godrej Properties adds new housing project in Mumbai
Oct 06, 2014
Realty firm Godrej Properties Ltd said it has entered into an agreement with a land owner to develop an affordable housing project near Mumbai
Hines Launches $250 Million Hines India Residential Program Set to Focus on Multifamily Projects in ...
Oct 03, 2014
India—International real estate firm Hines recently announced the launch of its Hines India Residential initiative
Developer may oppose rehabilitation of slum-dwellers on Mumbai airport land
Sep 21, 2014
The on-site rehabilitation of slum-dwellers on airport land is likely to face opposition from developer HDIL
Student engineers to also help Modi build smart cities
Sep 17, 2014
Engineers from various institutes, including the Indian Institutes of Technology (IITs), could help Prime Minister Narendra Modi with ideas to build smart cities across the country
Over 2 lakh flats remain unsold due to demand-supply gap
Aug 27, 2014
The unabated demand-supply gap in the residential property market has created a pile-up of 2,13,742 unsold units, according to a Knight Frank India report
Land prices in Mumbai touch new high
Apr 14, 2014
MUMBAI: Acute land shortage in Mumbai has led to a ridiculous situation where plots fetch astronomical rates. On Monday, a 25-acre sprawl belonging to Tata Steel in the suburban Mumbai invited the highest bid of Rs 1,155 crore. Over the past decade, as the housing shortage became more severe, the city recorded phenomenal property transactions. Fours years ago, a land parcel sold for over Rs 4,000 crore, a national record of sorts.
Is it time to stop the endless building of flyovers in India?
Apr 07, 2014
MUMBAI: On April 9, 1964 The Times of India reported that the Bombay Municipal Corporation planned to build a flyover at Kemp's Corner. Five roads met at the junction, situated between two hills, and the traffic congestion was bad. "The 48-foot bridge will segregate the north-south and east-west vehicular traffic," ToI reported.
Growth centres planned by state yet to see the light of day
Mar 31, 2014
THANE: The state government's plan to set up growth centres at Bhiwandi, Kalyan-Dombivli and four other locations has developed a hitch.
Mumbai airport plans Rs 1,600-crore upgrade
Mar 10, 2014
MUMBAI: A metro link improving access to the terminals, expansion of the new T2 terminal, a new taxiway and a tunnel under the runway for airside (the area within an airport’s passport, Customs control and security checks) vehicular movement are being planned in the second phase of the modernisation of the airport here.
HDFC Mutual Fund to raise Rs 1,500 crore for real estate
Mar 01, 2014
MUMBAI|BANGALORE: HDFC Mutual Fund plans to raise up to Rs 1,500 crore for real estate through a newly-formed category — alternative investment funds (AIF). According to two persons familiar with the matter, the asset management company will raise the money through a new division that is likely to be called HDFC AIF.
'Now is not a good time to invest in real estate'
Feb 27, 2014
THANE: Even as Thane city is witnessing a spurt in the number of residential projects being launched by developers, property consultants and experts are, however, divided over whether this is the right time to invest.
Jones Lang LaSalle India's investment arm looks to raise its second real estate fund
Feb 18, 2014
MUMBAI/BANGALORE: Property consultancy firm Jones Lang LaSalle India's investment arm is looking to raise its second real estate fund with a total target size of around Rs 600 crore. The fund, to be raised in domestic market, will focus on investing in leased commercial assets across major office property markets in India, said two persons close to the development.
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.
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.
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.

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