Latest Realty News

Demand for rental homes down as India Inc turns thrifty
Jun 20, 2013
MUMBAI/DELHI/BANGALORE: Demand for rented homes has halved and rents are down by 25% in several popular residential localities in Mumbai, Delhi and Bangalore, as India Inc tightens housing budgets in its battle against economic slowdown.
A walk in the clouds
Jun 17, 2013
Mumbai: After checking out a dozen plush new residential properties, Nikita Chhatbar finally zeroed in on one. Interestingly, it was not the swimming pool, club house or gym that tipped the scales but a chance to go on her daily morning walk 300 feet above the ground.
Levying TDS complicates the home buying process
Jun 14, 2013
MUMBAI: The Finance Bill 2013 has introduced a new Section 194 IA which provides that with effect from June 1, 2013, the buyer of property will have to deduct tax at source at one per cent from the payment to be made to the seller, if the sale consideration is Rs 50 lakhs or more.
Brokers turn developers as realty business booms
Jun 14, 2013
BANGALORE/ MUMBAI: PrashanthSambargi, partner at Bangalore-based real estate brokerage firm Mars Realty, is these days busy designing residential projects for two land parcels he owns in the IT capital of India. "I am now looking at smaller size projects with 18-40 units with 20 months' turnaround time... big builders do not enter this segment," he says.
Mira Road-Bhayandar East witnesses max supply of 2BHK
Jun 06, 2013
MUMBAI: Situated in the Western peripheral area of Mumbai, Mira Road and Bhayandar East are amongst the fastest growing suburbs of the city.
Mumbai Metro pushes property values in Ghatkopar and Andheri
Jun 01, 2013
The upcoming Mumbai Metro, which has been in the news for a long time, will finally be running across the city in another six months.
Mumbai leaseholders opt for govt’s one-time premium offer
Jun 01, 2013
Plot holders are latching on to the state’s move to offer its leased lands on occupancy basis. While 22 plot holders in the suburbs have opted for the option, only six have chosen the other preference that involves renewal of lease by paying revised lease rents.

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