Latest Realty News

Want to buy a house? Keep it on hold if you are not desperate
Sep 16, 2013
MUMBAI: Sumanta Rudra, head of infrastructure and administration at VFS Global, has decided to defer buying a property. "I am expecting a correction in property price. I will only take a call about buying after the elections."
New generation of homebuyers flock Thane for best options
Sep 13, 2013
MUMBAI: Thane was earlier considered as an extended suburb of Mumbai. Now, it has evolved into a self-sustained city in itself. The high levels of demand for housing in Thane have also necessitated vertical development, since Thane will be witnessing serious real estate growth in the coming years.
Mumbai property rates may remain subdued in near future: Icra
Sep 06, 2013
MUMBAI: Real estate developers in Mumbai are finding it difficult to increase property prices because of rising inventory levels, subdued demand and uncertain macroeconomic environment, says credit rating agency Icra.
Slowdown in real estate forces builders to cut prices and dole out freebies
Sep 02, 2013
DELHI: There are no takers for close to 6 lakh homes in the country, forcing builders to cut prices and dole out freebies, which many hope will herald the much-awaited correction in the home market ahead of the festival season.
Housing prices see downward trends in 22 major cities: National Housing Bank
Aug 28, 2013
DELHI: Housing prices in 22 major cities, including Delhi and Mumbai, are witnessing downward trend in April-June period compared to the previous quarter due to slowdown in demand, National Housing Bank said today.
Resilient Coimbatore is a safe bet
Aug 26, 2013
COIMBATORE: Coimbatore market may have cooled down from the buoyant days of 2009 to 2011 but has not lost steam. Property price have been stable last year, unlike the rise of 20 to 40 per cent seen in the past. Data from National Housing Board’s Residex Index shows that the city’s index has risen from its base value of January 2007 to 184 in January-March 2013. This has been quite moderate compared to a rise to 310 for Chennai during the same period.
Now, pay property tax at banks in Bangalore
Aug 21, 2013
BANGALORE: Tired of standing in serpentine queues at BBMP offices and BangaloreOnecentres to pay property tax? Now you can pay at computerized kiosks in several banks.
Property prices up by 15 per cent in Delhi-NCR: Report
Aug 20, 2013
DELHI: Property prices have increased by an average 15 per cent in the Delhi-NCR during Apri-June quarter of this fiscal against the year-ago period, according to a report.
DDA to allow construction of houses in industrial areas
Aug 08, 2013
DELHI: The Delhi Development Authority may soon allow construction of residential homes in areas earmarked for industrial units, a move that could help ease the national capital's housing supply pressure.
Kolte-Patil Developers forays into Mumbai, gets redevelopment project in Khar
Aug 02, 2013
MUMBAI: Pune-based realty developer Kolte-Patil Developers has forayed into Mumbai property market with a redevelopment project in western suburb of Khar. The company will be redeveloping a housing society spread over 1,594 sq meter in Khar (west), a release said.
New home sales fall in Delhi NCR, Pune, Chennai, Mumbai; sales picked up in Bangalore
Jul 26, 2013
DELHI: New home sales fell in Mumbai, Pune, Chennai and Delhi-National Capital Region in the June quarter but picked up in Bangalore, according to data from property research firm Liases Foras.
High-end realty deal: A shanty in Dharavi fetching a price of over Rs 1 crore
Jul 11, 2013
MUMBAI: A shanty in Dharavi is fetching a price of over Rs 1 crore, and real estate prices in Asia's second-largest slum cluster are beating those in posh central Mumbai areas like Lower Parel.
Pune emerges as the hub of the luxury housing segments
Jul 09, 2013
PUNE: Like most other cities in India that have seen exponential growth over the last few decades, Pune too had times when luxury living was defined by large standalone homes. Space was not a constraint, land prices were low and houses were generally built by the owners of the plots. Despite their size and impressive interiors and overall grandeur, these homes were obviously limited in their luxurious aspects in terms of the technical finesse in these homes.
Will the Real Estate Bill see a rise in property prices?
Jul 08, 2013
DELHI: Once implemented, the Bill will bring a lot of transparency in the sector, and all the developers support and appreciate it. However, one needs to understand that there are certain sticky points. Take the deposit of 70% of the cost of the project, which includes the land and construction cost, in an escrow account, which would suck up the liquidity from the market. The land cost is the highest one has to bear today, and currently, most developers are facing liquidity crises, which will be
Realty Bill will make homes costlier, says Credai chief
Jun 18, 2013
MUMBAI: The proposed Real Estate Regulatory Bill is “welcome”, but it may make homes more expensive. Mandatory registration of property before advertising is likely to impact smaller players, says C. Shekar Reddy, National President, Confederation of Real Estate Developers Association of India (CREDAI). But pushing for amendments to the Bill is not his only issue. Staving off taxes charged on deemed profits (the differential amount that arises when the registration value of a property is higher
Real Estate Bill: How home buyers stand to gain & lose
Jun 10, 2013
DELHI: Last week, the Union Cabinet approved the draft Real Estate (Regulation and Development) Bill 2013 that allows for the creation of a regulator in the real estate sector. Once passed by Parliament and subsequently adopted by each state, it will allow for the creation of a real estate regulator in each state (realty being a state subject).
Property prices stagnant in Indore
May 30, 2013
Prices of residential properties in Indore continue to be stagnant compared to price of residential properties in Bhopal. It is despite the fact that both in the state are among 20 cities of the country, which have witnessed the maximum price hike in residential properties during January-March 2013 over the previous quarter, as per a study by the NHB (National Housing Bank) Residex.
Economic Survey 2013: Delays in clearances jack up property prices by 40%
Feb 27, 2013
New Delhi: Property prices in India shoot up by 40 per cent due to delays in starting of projects, which require 34 procedures to get clearance, taking an average of over six months time and the issue needs to be addressed, according to the Economic Survey.
Soon, Outer Delhi may grow vertically
Jan 27, 2013
NEW DELHI: The skyline in outer Delhi may change in the years ahead if the government approves a plan to let private developers build high rise codomimums, spacious 15-17 story housing complexes with modern facilities. To ensure that development is uniform and planned, the government is set to finalise rules for "land pooling" which would ensure that there is no indiscriminate building spree.
Buying a house in Maharashtra may get costlier
Jan 01, 2013
MUMBAI: The Maharashtra government is set to increase ready reckoner (RR) rates for properties between 5% and 30%, depending on the size and location in Mumbai and the rest of Maharashtra.
‘Hyderabad property prices likely to rise in 3 months’
Nov 04, 2012
Hyderabad: Looking for a flat? Before you browse classifieds or leading real estate websites, you should read this. Builders and developers believe the next three months will be a “jackpot period” for investors and wannabe home owners.
Property prices firm despite high interest rates: Nomura
Nov 04, 2012
MUMBAI: Housing prices remained firm following limited supply, despite the slowdown and high interest rates, according to a Nomura report.
P Chidambaram asks banks to put pressure on real estate developers to lower property prices
Aug 22, 2012
MUMBAI: P Chidambaram, the newly-appointed finance minister, has asked chiefs of government-owned banks to put pressure on real estate developers to lower property prices in order to get the economy moving. In a meeting held last Saturday with bank chiefs, the finance minister told bankers to impress upon builders the need to complete projects according to schedule and lower the prices of apa
South Delhi property prices drop 20% on weak sales
Aug 08, 2012
NEW DELHI: Property prices in the upmarket residential areas of Delhi have dropped by as much as 20%, with slowdown in sales forcing builders to settle for less to cut inventory buildup. Of the 368 apartments that came into the south Delhi market over the last six months, only about a sixth have been sold, pressuring prices down by 15%-20%, according to Delhi-based property broking firm IndiaHo

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