Latest Realty News

Nov 04, 2015
Mumbai: Innovative discounts will not be of much help in boosting house sales in Mumbai because prices are way beyond the reach of most buyers, feels brokerage house JM Financial.
Bandra-Kurla Complex second-most pricey office space
Feb 20, 2014
MUMBAI: The commercial business district of the Bandra-Kurla Complex (BKC) has emerged as the second most expensive office location in India and eighth in the Asia Pacific region.
No court relief for Kingfisher on Mumbai property
Feb 05, 2014
BANGALORE: A Division Bench of the Karnataka High Court on Wednesday upheld the single judge bench decision of refusing to interfere with the action initiated by the consortium of banks for taking possession of ‘Kingfisher House’, a prime property at Mumbai owned by Kingfisher Airlines Ltd (KAL).
Mumbai realty registrations recover in Dec after Nov slump
Jan 30, 2014
MUMBAI: After hitting a five-year low level in November, Mumbai's property sales registration numbers rebounded in December 2013, showing a renewed interest in the financial capital's property market from buyers.
South Mumbai property owner traced to Malad ashram
Jan 28, 2014
MUMBAI: Nikhil Jhaveri, the owner of the defunct Palm Beach School, Nepean Sea Road, who was missing for more than a month, was traced to a shelter for destitute people in Malad on Sunday. Ironically, the Borivli police enrolled him, but did not communicate the information to the Samta Nagar police, who were looking for him.
Owner sells off Mumbai property seized by CBI
Jan 24, 2014
MUMBAI: A flat under investigation by the CBI in a Rs 578 core chit fund scam has been sold despite the agency informing the society office-bearers about the probe and seizing the property-related documents.
Boom in Mumbai realty rates unsustainable: Study F
Jan 16, 2014
MUMBAI: An international research firm has stated that the city's property prices, which have increased nearly fourfold in the last decade, are unsustainable.
Chairman in Pune, thief in Mumbai
Jan 10, 2014
MUMBAI: Nilesh Dattatray Chougle (33) is a well known businessman and a chairman of a huge housing society in Pune but in Mumbai he is a habitual house breaker who has around 110 criminal cases on him.
Commit to savings through real estate
Jan 09, 2014
MUMBAI: Is real estate a good investment? Or is real estate good for you? The former focuses on returns from real estate, while the latter focuses on what real estate ownership can do to your emotional state of being. After observing the almost-compulsive urge among individuals to own a house, we realized that real estate ownership can do more good to your mental well-being than it can do to your portfolio.
Before you invest in property
Dec 20, 2013
MUMBAI: In recent times, a number of high net worth individuals have received calls or mailers from builders or websites to encourage them to invest in property. The deals sound lucrative, with annual returns of 12 per cent and other benefits.
New residential project launches drop 12% in 2013
Dec 13, 2013
MUMBAI: International property consultants Cushman & Wakefield on Thursday reported a drop of 12% in new residential project launches in 2013 as over last year. The total estimated unit launches were recorded at 172,500 units across major eight cities of India with Bengaluru recording the largest number of units launched recording a rise 15%.
Realty market muted on lack of new projects, weak sentiment: Survey
Dec 12, 2013
MUMBAI: Property prices in Mumbai and Delhi NCR, among India's top realty markets, marginally rose in the third quarter of 2013 mainly due to lack of new launches and cautious sentiment in the sector, a survey said.
Lodha group buys Canadian high commission’s building in London for over Rs 3,120 crore
Nov 29, 2013
MUMBAI: Mumbai-based realty major Lodha Group has bought the Canadian high commission's building in central London for over Rs 3,120 crore (£306 million) signalling the group's ambitious overseas plans.
A new law must to protect flat buyers’ interest
Nov 08, 2013
MUMBAI: The Campa Cola case highlighted the lack of law to protect hapless flat buyers, said legal experts.
What to do in case of theft or misplacement of property documents
Nov 04, 2013
MUMBAI: The loss, theft or misplacement of property documents is a cause of concern for property owners since no transaction can be completed without checking the original sale deed.
Mira-Bhayander stretch on a high, appreciation expected
Oct 23, 2013
MUMBAI: Prices of residential properties on the Mira-Bhayander stretch – the suburban location in Thane district, have doubled in the past three years on the back of growing connectivity and infrastructure and there is scope for further appreciation in the near future. The locality is administered by the Mira-Bhayander Municipal Corporation (MBMC). A 1,000-sq ft apartment in a multi-storeyed building is available in the range of Rs 75-80 lakhs at present.
Illegal to move into property without occupation certificate
Oct 21, 2013
MUMBAI: It is against the law to move into flats in buildings without the mandatory municipal occupation certificate (OC), the Bombay high court has ruled. A division bench of Justice S C Dharmadhikari and Justice Gautam Patel sought action against 49 flat owners as well as a nursing home in two wings of a building with six wings in Sion East.
Bank premises charged four times more property tax than bars
Oct 15, 2013
MUMBAI: Owners leasing out properties to banks will have to cough up more than four times the property tax paid by bars under the BMC’s new capital value-based system. The new tax is almost twice of what is applicable to a five-star hotel and nearly 20 times more than that for a residence.
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.
Does Vasai-Virar have the potential to become an independent city?
Sep 16, 2013
MUMBAI: With a corporation area of roughly 383 sq km and another 500 sq km of Taluka area, the Vasai-Virar region is being touted to become a city in itself. However, does having a large area alone suffice to convert a region into a self-sufficient city? It takes proper social and physical infrastructure along with well-developed connectivity to render a locality self-sufficient. With the inception of the Vasai-Virar Municipal Corporation (VVMC) in 2012, the Vasai-Virar region holds huge potenti
New generation of homebuyers flock Thane for best options
Sep 13, 2013
MUMBAI: Thane was earlier considered as an extended suburb of Mumbai. Now, it has evolved into a self-sustained city in itself. The high levels of demand for housing in Thane have also necessitated vertical development, since Thane will be witnessing serious real estate growth in the coming years.
30% more housing plans launched in Mumbai this year
Sep 11, 2013
MUMBAI: Mumbai witnessed the launch of nearly 18,000 housing units between January and June, an increase of 30% compared to the same period in 2012, said a quarterly report by global property consultants Cushman and Wakefield.
Mumbai’s long wait to replicate Manhattan, gets longer
Sep 07, 2013
MUMBAI: Perhaps no other ambitious urban infrastructure project that has been touted as a game changer, has waited for more than 30 years, yet has had no takers, with a future that is delayed, if not denied. The Mumbai Trans Harbour Link (MTHL) project has been under consideration for the last 30 years to develop the island city the way Manhattan in the US has been developed, reduce traffic congestion and grow the area surrounding Navi Mumbai.
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.
‘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.

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