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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.
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.
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

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