Latest Realty News

Conversion of land use disallowed
Dec 16, 2013
DELHI: The Supreme Court last week dismissed appeal of Oswal Agro Mills Ltd against the judgment of the Bombay High Court which had quashed the sanction accorded by the Municipal Corporation of Greater Mumbai for construction of a residential cum commercial complex in its land in Chembur, in the heart of the metropolis. The high court had asked the municipal commissioner to consider the objections raised by the Police Department, Ministry of Petroleum, Ministry of Environment and Intelligence Bu
Tata Value Homes sells over 50 homes online during Great Online Shopping Festival
Dec 15, 2013
DELHI: Tata Value Homes, a subsidiary of Tata Housing Development, today said it sold over 50 flats registering sale of over Rs 25 crore during the four-day Great Online Shopping Festival (GOSF) organised by Google.
‘India should up its transparency quotient’
Dec 15, 2013
DELHI: Global investors in real estate are skipping India and moving to countries like Indonesia and China to make investments, as issues such as regulatory framework and returns are still a matter of concern here.
How to be successful in real estate investing
Dec 14, 2013
DELHI: Real estate investment is capital intensive. For an investor, it is imperative to take account of certain aspects before taking the decision, which has long term implications. Here is a snapshot of some of the most important aspects.
Panchsheel anounces the launch of ‘Pratishtha’
Dec 13, 2013
DELHI: Panchsheel Buildtech Pvt. Ltd, a leading real estate company of NCR has announced the launch of its prestigious residential project ‘Pratishtha’. Strategically located at one of the booming destinations of Noida, at Sector 75, the project is a perfect combination of modern, luxurious and comfort living.
Greater Noida West: Emerging commercial and retail destination
Dec 13, 2013
DELHI : From the day of launch, ‘Greater Noida West’ is the affordable housing destination. But in the coming years, this location will play a major role in developing retail, commercial and IT/ITeS zone for millions too. Vikas Jain, managing director of Sarvottam Group shares his view point.
Raj Nagar Extension: A locality with potential
Dec 13, 2013
DELHI: Today, amongst places to invest in, Ghaziabad’s National Highway 58 is the most sought after. This stretch has been seeing a lot of development and has an investment potential. This stretch promises a lot for anyone looking for an affordable house. Many developers are coming up with their projects on this stretch, to meet the burgeoning demand of the middle class.
Low income housing sector in India
Dec 13, 2013
DELHI: Low income housing sector has always been avoided by the big players in the real estate development business. Reason being the low margins, greater effort and set of skills which are different from what the traditional builders possess. These factors have kept away reputed builders from this sector. Tata Housing has its presence in this sector.
Cabinet may decide on FDI in pharma, housing tomorrow
Dec 13, 2013
DELHI: The Cabinet is expected to take a decision tomorrow on relaxing FDI norms for the housing sector and reducing foreign direct investment cap to 49 per cent in critical areas of the pharma segment.
Launches of new homes drop 12 per cent in 8 major cities this year: Cushman & Wakefield
Dec 12, 2013
DELHI: Launch of new homes dropped by 12 per cent to over 1.72 lakh units so far during this calendar year in the eight major cities due to cautious approach by developers in view of slowdown in demand, according to global property consultant Cushman & Wakefield.
Property prices in Mumbai, Delhi highly overvalued, say analysts
Dec 12, 2013
BANGALORE: After years of double-digit growth, house price rises in major cities are expected to slow to just under 8 per cent next year as a cooling economy and rising interest rates deter new buyers, a Reuters poll showed.
'Launch of new homes falls 12% in 8 cities this year'
Dec 12, 2013
DELHI: Launch of new homes dropped by 12 per cent to over 1.72 lakh units so far during this calendar year in the eight major cities due to cautious approach by developers in view of slowdown in demand, according to global property consultant Cushman & Wakefield.
Work on Dwarka Expressway is set to resume
Dec 12, 2013
DELHI: Resumption of work on the much-delayed Dwarka Expressway is good news for the thousands of end users and investors here. The expressway has emerged as one of the most sought-after real estate destinations in the National Capital Region (NCR) today.
Realtors queue up to make 12 lakh homes in Gurgaon
Dec 12, 2013
DELHI: With over 50 developers signing up to build affordable housing projects in new sectors, buying a flat in the city at a relatively economical Rs 12 lakh is set to become a reality. The low-cost housing policy project announced by the state government in August fixed the price of flats at Rs 43,000 per sq m with the sizes of flats ranging between 28 and 60 sq.m. The department of town and country planning (DTCP), Haryana, has set a deadline of four years from the approval of building plans
Chennai in top 25 real estate destinations in Asia-Pacific: PwC survey
Dec 12, 2013
MUMBAI: Domestic as well as international investors are looking at newer cities with stable assets for investments, a trend that will be prominent in 2014, and accordingly Chennai jumps to the hot—list for the first time, says a PwC survey.
Property tax deadline extended to Dec 31
Dec 11, 2013
DELHI: The MCG office saw a huge rush all through 10 December, the last day to pay property tax and avail rebate, before the state government decided the same evening to extend the deadline to December 31.
Early start, proper planning will guarantee good future
Dec 10, 2013
DELHI: Lt Col Jit Bahadur Chettri, a 39-year-old Indian Army officer, is posted in a remote area in North-East India. His wife Ritu is also an officer in the Army Education Corps. They have two sons, Sparsh (9) and Utkarsh (7). Chettri represents that rare breed of officers who are financially well-aware of the need to meet their financial goals comfortably. When Lt Col Chettri approached us for financial planning this year, his family already had a well-diversified investment portfolio. With a
Bangalore real estate gets maximum PE investment
Dec 09, 2013
DELHI: Bangalore's realty market received the maximum private equity investment of nearly Rs 2,000 crore in the country during January-September 2013 with increased demand for leased office assets from institutional investors, according to property consultant Cushman & Wakefield.
Polls outcome floats wave of positive sentiments in real estate and industries
Dec 09, 2013
NOIDA/GHAZIABAD: The four states polls outcome have floated a new wave of expectation in the UP' industrial and real estate sector. The experts believe that the clear mandate will lead to economic growth. The experts believe that the market is sentimental and will respond very soon, that possibly breach all time high.
What slowdown, ask new realty developers
Dec 09, 2013
DELHI: Unfazed by the slowdown in the property market, companies from assorted sectors are rushing into it. As many as 20 small companies have entered the segment in the past two-three years and many are firming up plans to make an entry soon.
Delhi tenants can’t fix space usage in Delhi
Dec 09, 2013
DELHI: No tenant can dictate usage of space to the house owner, a trial court has observed while ordering eviction of a tenant from the house of a 65-year-old handicapped widow in Nizamuddin.
30% rebate on property tax in Gurgaon before Dec 10
Dec 09, 2013
DELHI: The MCG is offering special rebates on pending property tax amounts to residents who choose to make their payments before December 10. According to officials, discounts of up to 30% will be offered to property owners within this grace period.
Lifestyle- the new priority for choosing houses
Dec 07, 2013
DELHI: Townships or integrated housing are getting more momentum instead of standalone plots in Delhi NCR. People wish to live in well secured gated community. Townships are safe, secure, thoughtful and well-planned. Along with this, township has many other advantages. The advantages of a city without the hustle bustle of city life can be experienced here. The same is known as self-contained world. They make life easier and that’s what a home buyer wants at the end of the day!
Panchsheel announces the launch of ‘Pratishtha’
Dec 06, 2013
DELHI: Panchsheel Buildtech Pvt. Ltd, a leading real estate company of NCR has announced the launch of its prestigious residential project ‘Pratishtha’. Strategically located at one of the booming destinations of Noida, at Sector 75, the project is a perfect combination of modern, luxurious and comfort living.
Bungalows Versus Flats
Dec 06, 2013
DELHI: Assuming that one has the financial wherewithal for this to be an option at all, the question of whether to invest in a bungalow or a flat is indeed pertinent. In an established area of a large city like Pune, a bungalow costs a lot more than a flat. This means that the rental market for such a property shrinks proportionately.

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