Latest Realty News

Building plan order in Mumbai hides more than it reveals
Dec 01, 2013
MUMBAI:Architects are strongly opposed to the new directive issued by state information commissioner Ratnakar Gaikwad terming them as dubious.
Embrace low cost techniques for affordable housing: ASSOCHAM
Dec 01, 2013
MUMBAI: A top industry body Saturday underlined the need for developing and embracing low cost technologies to cater to the growing demand for affordable housing, especially for the lower and middle income groups in the country.
Lodha Group looking to buy more properties in London
Dec 01, 2013
MUMBAI: Realty developer Lodha Group is looking at buying more properties in central London after picking up MacDonald House from the Canadian Government in the city for over 300 million pounds or Rs 3,000 crore.
Navi Mumbai: Roadpali offers value for money homes
Nov 30, 2013
MUMBAI: Over the past one year, Kharghar has undoubtedly become one of the most sought after locations in Navi Mumbai. It boasts of a huge 200-acre recreational facility in the form of Central Park, an already functional golf course, a grand under-construction ISKCON temple, broad internal roads, planned infrastructure and Metro rail connectivity.
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.
Large loans on the rise in banks’ home portfolio
Nov 29, 2013
MUMBAI: Banks have seen a rise in the proportion of home loans above Rs 30 lakh in the past two years, reflecting the sharp increase in home prices over the past few years.
Milestone Capital plans to raise Rs 500 crore real estate fund in January
Nov 29, 2013
MUMBAI/BANGALORE: Private equity firm Milestone Capital Advisors is planning to raise a Rs 500-crore real estate fund, which will be launched in January and will have a greenshoe option of additional Rs 250 crore.
Non-consenting members in a minority cannot halt redevelopment of housing society
Nov 28, 2013
MUMBAI: In a landmark order, the Bombay High Court ruled that non-consenting members who are in a minority cannot stop redevelopment and are bound by the agreement executed between society and developer.
Tax benefits of taking a home loan
Nov 28, 2013
MUMBAI: Interest paid on home loan is allowed as deduction u/s 24(b) of the Income Tax Act while calculating income from house property. If the house is self occupied, the maximum amount of deduction is Rs 1,50,000. However, if the property is rented out, total interest paid on the home loan is allowed as deduction without any limit. Deduction for interest component is allowed only from the financial year in which the possession of the house property has been obtained. Interest paid for the fina
BMC wants evidence to register complaints about illegal buildings
Nov 28, 2013
MUMBAI: If you want to complain to the BMC about illegal constructions, you’ll now have to submit evidence too.
Still waiting for that big boom
Nov 28, 2013
MUMBAI: For all the changes that the sector has seen over the last two decades, buying or building a house still remains out of reach for a majority of the population. Not that renting one is any easier.
Listed players on shaky foundations
Nov 28, 2013
MUMBAI: The real estate sector saw phenomenal growth in the last two decades, as the market went from primarily Government-sponsored housing to large private townships.
Real estate investment in India
Nov 26, 2013
MUMBAI: Nowadays coffee conversations with friends have changed. Being in the personal finance industry, friends always tend to ask – Suggest a good place to invest? Should I invest in Real Estate now? How does Real Estate look? Or, “Did you hear, she sold that flat recently? She had bought it for Rs 80 lakh and now sold it for Rs 2 crore! What an investment that was?
Worli society gets construction area 9 times the plot size
Nov 26, 2013
MUMBAI: The state Coastal Zone Management Authority has cleared floor space index (FSI) of 2.5 for the redevelopment of Worli’s Shivshahi housing society, part of a Mhada layout.
2-BHK homes in Panvel or Kamothe?
Nov 26, 2013
MUMBAI: The price at which you get a 1-BHK apartment in Andheri or Ghatkopar, can get you a 2-BHK in localities like Panvel and Kamothe. These suburbs of Navi Mumbai have been witnessing a steady demand for 1 and 2-BHK apartments, owing to their competitive pricing. “A 1-BHK apartment in Panvel and Kamothe, sized between 500 and 700 sq ft, is available for Rs 35-40 lakhs and a 2-BHK apartment of 750-1000 sq ft area, costs anywhere between Rs 80-85 lakhs,” informs Paritosh Bhasulm of PropTiger.
Iconic properties in Mumbai in demand: Experts
Nov 25, 2013
MUMBAI: Prime properties are still fetching good vale in this land-starved megapolis even as rentals are seem to be falling, going by the recent trend of landmark buildings changing hands, experts have said.
Citi’s HQ in maximum city on the block for Rs 250-315 cr
Nov 25, 2013
MUMBAI: US multinational financial institution Citigroup has put its old headquarters — Citigroup Centre in Mumbai’s Bandra Kurla Complex (BKC) — on the block, say sources in know of the development, reports Shubhra Tandon in Mumbai. This is after Citi moved its India headquarters out of this 80,000-90,000 square feet building earlier this year to a larger location in First International Finance Centre (FIFC), also in BKC. Citi had bought six floors measuring 3.12 lakh sq ft for Rs 985 crore las
Mumbai govt to help acquire land for cluster redevelopment
Nov 25, 2013
MUMBAI: Occupants of unauthorized flats and shops will be legally rehabilitated as part of the state government new cluster redevelopment policy. Critics said this sop is a virtual indictment of the government, which has failed to curb illegal constructions.
Is Mumbai a buyer’s market?
Nov 25, 2013
MUMBAI: Mumbai’s real estate segment has historically been red hot, something that is the aspiration of millions. The island city with less supply and more demand and the ever increasing migration, only meant that even if the market deviated from the conventional wisdom of economics in demand and supply dynamics, it still would be a sellers’ market. The price index, demand-supply gap, inventory and all other indicators collectively lent credence to this school of thought. Moreover, the island ci
Real Estate: Understanding the Bull and Bear runs
Nov 23, 2013
DELHI: My partner and I are invariably asked questions like: “Do you think the property prices will go up?” or “Do you think Mumbai is a good city to buy property or should we rather consider Bangalore?”
Supriya Sule raises stake in Panchshil realty arm
Nov 22, 2013
MUMBAI: Supriya Sule, MP and daughter of Nationalist Congress Party chief Sharad Pawar, has increased her stake in a subsidiary owned by Panchshil Realty that has shot in limelight for its impending acquisition of iconic Express Towers in South Mumbai along with US private equity firm Blackstone Group.
BMC website with approved building plans
Nov 22, 2013
MUMBAI: The BMC is going ahead with its plan to put all building permissions on its website, a move that would have rendered meaningless the State Information Commission’s earlier order restricting access to the plans.
Part I: Should you buy a new or a resale flat?
Nov 22, 2013
MUMBAI: Should you buy a new flat or a resale? There appears to be no easy answer to this question. People buy resale flats instead of new ones for various reasons. Sometimes, a certain location just does not offer suitable options in the primary market.
Part II: Should you buy a new or a resale flat?
Nov 22, 2013
MUMBAI: Assuming that a buyer learns of both new and resale options in the location of choice, it is important to understand the benefits of opting for the former:
Sun-Apollo, Rustomjee Builders reach out of court settlement
Nov 21, 2013
MUMBAI: Sun-Apollo India Real Estate Fund and Rustomjee Builders, locked in a court battle over a financial dispute, have reached an out-of-court settlement under which the private equity player exited in the realty firm for an undisclosed sum.

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