Latest Realty News

Twin cities of Ahmedabad and Gandhinagar on the rise
May 08, 2014
AHMEDABAD: Ahmedabad’s property picture is very bright at the moment. The city is dragging its sister city on the same lines of boom, making Gandhinagar as one of the most viable options for property investment in the recent times. Major thrust has been provided to the twin city with the good network of BRTS connecting Ahmedabad and Gandhinagar.
Ahmedabad: Naroda’s journey to hot property destination
May 03, 2014
AHMEDABAD: The growth of Gujarat’s as well as Ahmedabad’s property market is very impressive and the segment is likely to prosper even in the near future. Many new areas are being developed in the city and the earlier ones are given new shape. Particularly, if you want to see how a neglected industrial area can be transformed into a property paradise, then visit Naroda, a suburban town in Bapunagar, north east of Ahmedabad. It initially flourished with the establishment of the Naroda Industrial
Proposed regulation, pending reforms, to bring growth
Apr 28, 2014
AHMEDABAD: With the upcoming general elections in May this year, the country’s political fate would be decided. As the political scenario in the country will get a direction, the newly elected government can also decide on some of the pending bills that will bring some policy framework to the country. There are a number of key draft legislations pending before the parliament. Industry estimates suggest that more than 120 bills are pending to be passed by the parliament.
Clearances for projects worth 500cr put on hold in Ahmedabad
Apr 28, 2014
AHMEDABAD: Nearly Rs 500 crore worth of residential and commercial projects along the special transit-oriented development (TOD) zone, central business district (CBD) on Ashram Road and the special affodable housing zone (RAH) zone, have been put on hold. The state urban development department has made it mandatory for these zones to have a local area plan before development takes place.
Around 52,000 hotel rooms to be added in top cities by 2017
Apr 16, 2014
AHMEDABAD: A Cushman & Wakefield (C&W) report states that the hospitality sector will see a rise of over 65 per cent in total hotel inventory by 2017. Approximately, 52,000 new hotel rooms are expected to come into existence in the next five years (2013-2017). Despite a slow response, the hospitality sector of India, is expecting to witness better demand, in the coming years, on account of improved global economic conditions. Many hotel projects, that were delayed in the last two years, are also
Expressway to facilitate real estate growth
Apr 15, 2014
AHMEDABAD: To say that expressways are lifeline of urban centres would be like stating the obvious. The expressways across the country have been a connecting point of the main city with the periphery locations, thus, ensuring that satellite cities are sustainable for the working class who otherwise cannot afford to buy a house in the main city. In the process, expressways also act as catalyst in providing a boost to the economy of the region.
Investment in realty sector dips 65 per cent in 2013 at USD 1.2 billion
Apr 15, 2014
AHMEDABAD: Investment in Indian real estate declined by 65 per cent to USD 1.2 billion during 2013, but the country was able to retain 10th rank in Asia Pacific, global property consultant Cushman & Wakefield said. Investment in real estate sector in India stood at USD 3.4 billion during 2012.
GNLU teaches real estate laws to builders, architects
Apr 09, 2014
AHMEDABAD: Gujarat National Law University, Gandhinagar (GNLU) conducted a certificate course on real estate laws recently, keeping in mind country’s aspiring stakeholders in the real estate industry. Realizing the dearth of awareness among real estate stakeholders regarding real estate laws, this was GNLU’s second endeavour in promoting these laws; the first one being a national symposium of realty law that was organized recently.
New Maninagar: On a realty growth path in Ahmedabad
Apr 09, 2014
AHMEDABAD: Ahmedabad’s Real Estate market is on an upswing because of the huge growth of its industrial sector and the overall high rate of development, both in commercial and residential terms. Particularly, due to the industrial growth in the city, many new residential areas are being developed near the industrial areas and new Maningar is one among them.
Proposed regulation, pending reforms, to bring back growth
Apr 03, 2014
AHMEDABAD: With the upcoming general elections in May this year, the country’s political fate would be decided. As the political scenario in the country will get a direction, the newly-elected government can also decide on some of the pending bills that will bring some policy framework to the country. There are a number of key draft legislations pending before the parliament. Industry estimates suggest that more than 120 bills are pending to be passed by the parliament.
Survey on green real estate sector 2014
Apr 02, 2014
AHMEDABAD: While construction processes are increasingly adopting environmental improvements, waste minimisation practices and resource inputs, are getting less attention. One of the key objectives of the national mission on sustainable habitat, released by the Indian prime minister in 2008, was to extend the energy conservation building code to new and large buildings, to ensure energy efficiency in a significant way. However, even after six years of its release, the uptake of sustainability pr
Global efforts to standardize local realty business
Mar 14, 2014
AHMEDABAD: A section of analysts believe that micro-market businesses must adopt global best practices uniformly, to give a facelift to the sector and make the business more transparent. One such recent attempt has been made to standardise property measurement globally and the premise has been that the major demand drivers, like international investors and global occupiers, make it necessary to adopt uniform global norms. How far is this feasible?
Buying house? Pay upfront and get up to 25% discount
Mar 13, 2014
AHMEDABAD: An HR executive working with a multinational struck gold in Prahaladnagar — a three BHK flat in a premium housing colony for Rs 50 lakh. “The developer had quoted the same amount for a 2 BHK unit two-three years ago in the same scheme. It seems this is a good time to buy,” says the 40-year-old professional who returned to her native after three years.
Hospitality: A lucrative zone for realty growth in Gujarat
Mar 12, 2014
AHMEDABAD: Statistics show that Gujarat witnessed 6 per cent growth in property prices in last one year and the property price index in the state remained volatile. However, what the statistics does not reveal is the fact that during the same period, many of the cities that National Housing Bank’s Residex tracked down, did witness either no change or downward change.
Two areas cut from agriculture zone in Ahmedabad
Mar 07, 2014
AHMEDABAD: The state urban development department has agreed in principle to exclude Ghuma and Shela from the ‘agricultural zone’ category in the latest development plan for the Ahmedabad. This decision was taken late on March 4 night, claim sources in the department. Besides this a new industrial zone is being proposed in Santej and Rakanpur on the outskirts of Ahmedabad, which were earlier included in the agricultural zone.
Gujarat shows the way in PPP model
Mar 06, 2014
AHMEDABAD: Public Private Partnerships, better known as PPP, in infrastructure development are vital components for the rise and growth of any city in general and its property market in particular. Since, the government in most of the cases either lacks the funds or the expertise to develop the big ticket project, this model has been envisaged for fast track development. However, since its inception as a viable model of developing infra projects, it has been in the news for all the wrong reasons
Gujarat: Moderate appreciation makes entry point attractive
Mar 04, 2014
AHMEDABAD: Statistics show that Gujarat witnessed 6 per cent growth in property prices in last one year and the property price index in the state remained volatile. However, what the statistics does not reveal is the fact that during the same period, many of the cities that National Housing Bank’s Residex tracked down, did witness either no change or downward change. Out of the 26 cities that it covered across the country, only 12 cities witnessed marginal appreciation, and two cities of Gujarat
No need to pay full stamp duty on jantri rates in Ahmedabad
Mar 04, 2014
AHMEDABAD: In an important judgment, Gujarat high court on March 3 held that registration of property cannot be made mandatory on payment of stamp duty according to the jantri rates only. Thus, paying 5% stamp duty of the market rates as prejudged by the ready reckoner, will not be the deterrent in registration of property deals.
Ashram Road: On the next wave of realty development in Ahmedabad
Mar 01, 2014
AHMEDABAD: Ashram road is well developed and a prime commercial area in the city. A major portion of this arterial road of the city runs parallel to the Sabarmati river. The road is a major financial hub of the city with the offices of the Reserve Bank of India and the Income Tax department located on the road. The presence of offices of big organisations is playing a key role in elevating the development on Ashram road and providing a boost to the commercial realty segment. A large number of co
Gujarat's Swaminarayan temple replaces Queen’s property
Feb 28, 2014
AHMEDABAD: The Maninagar-based Shree Swaminarayan Gadi Sansthan is all set to redevelop McNicholas House, a heritage property, into a modern temple in the Kingsbury borough of London by August this year.
Prahladnagar: Realty sector on the rise in Ahmedabad
Feb 19, 2014
AHMEDABAD: Located in the southwest corner of Ahmedabad, Prahladnagar is a good locality to consider for residential as well as commercial purposes. Talking about commercial properties, after Ashram road, now it is Prahladnagar which is fast developing as a commercial hub of the city.
Property demand is on the rise in Ahmedabad’s Naranpura
Feb 16, 2014
AHMEDABAD: Arising centre of education, information technology and scientific industries, Ahmedabad remains the heart of Gujarat and much of western India. The city is on its way of proving itself as an ideal place for acquiring residential and commercial properties due to excellent infrastructure and the kind of facilities it offers. As a result, many new projects are coming up in the already existing areas and new ones.
‘Landed’ Ahmedabad is squatting on its treasure
Feb 11, 2014
AHMEDABAD: About 47% of public land worth nearly Rs 50,000 crore in Ahmedabad is fit to be sold by the government, says a paper by the World Bank. Out of 3,102 hectares of public land, the state can market 1,699 hectares and use the finances to fund urban infrastructure, the paper recommends. It implies per capita availability of fiscal resources amounting from Rs 36,000 to Rs 97,000 by marketing this public land.
Realty market flourishing on the outskirts of Ahmedabad
Feb 08, 2014
AHMEDABAD: Since the last few years, Ahmedabad’s real estate market is growing at a very fast pace, as new areas are being augmented with infrastructure projects and adequate basic facilities. Another reason for such growth is that the city enjoys close proximity to Mumbai, the financial capital of the country. Further, due to factors like urbanisation, tier-II cities like Ahmedabad, have become major realty destinations of late. As a result, many localities are expanding and new areas on the ou
Gujarat realty experimenting with marketing formats
Feb 06, 2014
GUJARAT: If the Gujarat real estate market in general and developers in Ahmedabad and Vadodara in particular, have kept the momentum going in favour of them, then it is more by design than by default. While the property markets across the country have been subdued in the last couple of years, the markets across the state have actually bucked the slowdown blues. As a matter of fact, going by the triple measurement yardstick of the growth of the given property market- capital appreciation, rental

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