Latest Realty News

Jul 13, 2015
NOIDA: Ten buyers associations from across NCR have now threatened to launch protests from July 19, stating they feel "used and disregarded by interest groups".
Pune: Gaining metro recognition
Mar 26, 2014
PUNE: While most of the metro cities are dealing with the problems of increasing urbanisation and the load on the land and infrastructure has led to several issues, there are cities like Pune, which seem to be learning from the mistakes of these metro cities and the late-movers’ advantage seems to be helping the city grow holistically, in terms of its real estate developments and infrastructure issues. What makes the case of Pune even more unique and the reason why it is rated as better than the
Hyderabad tops list of world’s 10 least expensive office market
Mar 01, 2014
HYDERABAD: Hyderabad has become the world’s most affordable office locations due to rupee depreciation and fall in rentals amid political instability over Telangana, according to global realty consultant DTZ.
Gurgaon: Sector’s growth engine in the NCR
Feb 11, 2014
DELHI: Investments in real estate have been one of the greatest wealth builders in history. However, such investments have to be well gauged and thoroughly researched, a report by DTZ says. Over the years, a few micromarkets in the Delhi NCR have emerged as destinations for future investments, which are not only providing relative affordability but are also undergoing significant transformations owing to infrastructural development, improving connectivity, and the potential to attract real estat
Cumulative impact of increase in ready reckoner rates in Maharashtra
Jan 30, 2014
MUMBAI: The Maharashtra state government hiked the Ready Reckoner valuations of immovable properties in Mumbai, substantially for 2014, though property prices have not grown as much. How does this affect the common house purchaser or house seller?
PCMC doubles property tax for illegal buildings
Nov 28, 2013
PUNE: Owners of unauthorized constructions in Pimpri Chinchwad will have to pay double theproperty tax. The civic body will soon start issuing tax bills for 2012-13 and for 2013-14.
Building completion certificate goes online in Kolkata
Nov 28, 2013
KOLKATA: The days of harassment by building department inspectors are over. The completion certificate (CC) process for houses and apartment complexes has gone online.
Hyderabad witnesses consistent rise in valuations
Nov 27, 2013
HYDERABAD: The Hyderabad valuations index rose by 3 per cent in the last quarter. Since values are low, there is an increasing number of people upgrading to premium living which has now come within their budgets. As a result, there is robust demand for luxury properties in the Rs 40-80 lakh category. The in-demand configuration too is 2 and 3-BHK units. The 4-BHK configuration were less in demand and therefore oversupplied.
IT, inclusion in city limits work well for real estate in Valasaravakkam
Nov 27, 2013
CHENNAI: A 1,000-sq ft apartment which was available in Valasaravakkam for around Rs 43 lakh in 2011 today commands approximately Rs 62 lakh. Valasaravakkam, a suburb in South Chennai, has recorded a rise of nearly 43 per cent in capital values of residential properties in the past two years, as per research. Let’s take a look at the factors which make this locality click.
Market high on investors wish-list, yet not speculative
Nov 27, 2013
AHMEDABAD: Real estate markets across the country have a uniform pattern of being speculative if the given market is high on the wish list of investors. On the contrary, end-user driven markets are always modest in appreciation but nevertheless, carry genuine appreciation and provide a level playing field to all the stakeholders, including the buyers. However, the property markets of Gujarat, most notably, the cream of the market in Ahmedabad and Vadodara, defy this conventional wisdom of econom
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.
Hyderabad: Waiting for a sense of direction
Nov 26, 2013
HYDERABAD: The health of real estate cannot be different from the health of businesses. The health of business has a lot to do with the sense of a well- governed city, and a population that is positive about the future. “I can’t see enough mature sense of direction in this state separation and its long term impact oh Hyderabad city, there are so may unanswered questions,” confides one of India’s top infrastructure company CEO’s. “People we approach for investment, though very pleased with what w
Upscale Vastrapur still has modest property options
Nov 26, 2013
AHMEDABAD: After having spent seven years in Middle East countries, Rizwan Sheth wants to settle in Ahmedabad and start his own business. He is advised by the property brokers to buy an apartment in Vastrapur. It is a location in Ahmedabad, which is known for the Indian Institute of Management, Ahmedabad from a professional standpoint. For nature lovers, this area is famous for the Vastrapur Lake.
Rental market shows upward trend in Boat Club Road, Pune
Nov 26, 2013
PUNE: The rental values in Boat Club Road have increased by more than 20 per cent in the July-Sept 2013 quarter, as per research. “Boat Club Road, along with its neighbourhoods Bundgarden and Dhole Patil Road, is arguably one of the best locations in Pune, in terms of connectivity and up-market feel. There are about 60 per cent investors who are well-off and have spare money to invest. They are reaping high returns today. Several Bollywood celebrities have also invested in proper
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.
AMC plans 9,959 houses for weaker sections
Nov 26, 2013
AHMEDABAD: The Ahmedabad Municipal Corporation (AMC) has decided to build 9,959 houses for the weaker sections of the city. These houses will be constructed at 29 places in various parts of the city.AMC officials said that of the 9,959, AMC will build 5082 houses for Economic Weaker Sections (EWS) and 4877 houses for Low-Income Group (LIG) segment. These housing schemes will launched in 29 different places including Vejalpur, Nikol, Chandkheda, Chandlodia, Thaltej, Kali, Vadaj, Vastral, Kankaria
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
IT, infrastructure drive realty in Bangalore
Nov 22, 2013
BANGALORE: Bangalore, the most positive property market in the country today, posted a whopping 17 percent rise and had a major impact on the National Property Index (NPI) in PropIndex July-September 2013, produced by, the leading property portal promoted by the Times Group.
Survey helps Hyderabad officials find litigation-free land
Nov 22, 2013
HYDERABAD: After a six-month marathon exercise on government land, the Hyderabad district administration has discovered 66 acres litigation-free government land, worth hundreds of crores, in its jurisdiction.
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.
Bangalore North: A commercial hub in the making
Nov 22, 2013
BANGALORE: The northern belt mainly consists of the micromarkets Hebbal, Yelahanka, Devanahalli and Bellary Road and comprises the northern realty hub of the city. Known for its residential catchments, good social infrastructure and roads, the northern part of the city is well-connected and boasts of easy accessibility and proximity to the international airport.
Kundli-Sonipat area promises high returns
Nov 22, 2013
DELHI:The pressure on the overburdened infrastructure of Delhi has pushed real estate development to the peripheral areas of the capital city, with the newly developing region of Kundli-Sonipat along NH-1 benefiting from this perceptible movement.
Campa Cola razing to go ahead despite rains
Nov 21, 2013
MUMBAI: The civic body has resolved to commence the demolition of the illegal flats in Campa Cola compound after May 31 irrespective of the monsoon. Still, the society residents are clutching at straws, hoping to exhaust all legal options before that day arrives.
Marunji Road: Destination next in Pune
Oct 28, 2013
PUNE: The Hinjewadi IT Park is an outstanding success story in its own right. It has single-handedly boosted Pune’s profile on the national and global business map. The effect that the Hinjewadi IT Park has had on the type of demand for residential spaces in the adjoining areas like Marunji road is a textbook case of the IT industry and its accompanying culture dictating the shape and form of a market. Real estate investors and developers are quite confident that the area will be one of the most

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