Latest Realty News

Dec 01, 2015
MUMBAI: Elusive home buyers, at least some of them, are finally returning to the Mumbai property market. Direct discounts of 5-10 per cent, reduction in apartment sizes and falling interest rates have pushed cumulative residential property sales in the last four quarters by 28 per cent compared with the corresponding period, showed a JLL India report.
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.
2014 expected to get big ticket funding
Jan 04, 2014
MUMBAI: Funding, or rather the lack of it, has been one of the key concerns of the real estate developers throughout 2013. However, if we look at some of the key policy decisions that have been taken in the year, it seems 2014 is all set to get big ticket funding. The money is poised to be invested in the sector and if not as private equity, the biggies will put in money through Real Estate Investment Trust (REIT). The reports suggest that private equity funds such as Kotak Realty Fund, Tata Rea
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.
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.
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.
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.
Builders continue to violate norms in Mumbai
Nov 12, 2013
MUMBAI: At a time the BMC is preparing to demolish unauthorized flats in Worli’s Campa Cola society, experts say the authorities continue to turn a blind eye to other building violations in the city.
Govt clamps down on fraud by impersonation in property deals
Nov 11, 2013
MUMBAI: The stamp duty and registration department has introduced rules to curb an alarming rise in fraud by impersonation in property transactions.
Fall in recovery of stolen property
Nov 11, 2013
MUMBAI: A National Crime Records Bureau (NCRB) report has shown a decrease in recovery of property stolen in the country, with 19.5% in 2012, against 28.5% in 2011. It has shown a sharp fall in recovery in Maharashtra with 1.6% in 2012 against 12.1% in 2011.
Noose to tighten on misuse of POA for land deals
Nov 11, 2013
MUMBAI: The central government will tighten the noose on individuals using the power of attorney (POA) for fraudulent land deals. The POA authorizes a person to carry out transactions or act legally on behalf of another.
What isn't your investment?
Oct 25, 2013
MUMBAI: Have you ever considered whether you have become a crorepati after the price of your house rose 50 per cent in two years? Or, whether you have Rs 10 lakh of family jewellery?
Sea-facing Mumbai duplex goes at Rs 1.35L/sq ft
Sep 24, 2013
MUMBAI: Whatever the general market trend, Mumbai's realty market does not stop creating new records. In the costliest apartment deal in the country, a sea-facing duplex in a Malabar Hill building was recently sold for Rs 57 crore or roughly Rs 1.35 lakh a sq ft.
Mumbai realty market sees upward trend in on-going festive season
Oct 28, 2012
Mumbai : The Mumbai realty market, one of the leading property market in the country, is witnessing an upward trend during the ongoing festive season after a long spell of slowdown owing to lack of approvals, high interest rate, price escalation and general downtrend in consumer demand.

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