Latest Realty News

Is Mumbai and Pune market going to see a major change on gudi padwa?
Apr 01, 2014
MUMBAI: “Buyers are back in the housing market!” exclaimed one of the city builders with a sigh of relief and they have enough reasons to be relieved. There is a considerable rise in the sale numbers, compared to January and February. City builders are only hoping that this trend will continue in the coming months as well. Madhurima Basu, director – residential services, Cushman & Wakefield, says, “Increase in demand is expected, due to developers offering discounts and subvention schemes to att
Exploring options in emerging cities for investment in commercial realty
Mar 26, 2014
MUMBAI: The slowdown in major real estate cities of India, has resulted in the emergence of new markets around tier-II cities. Higher costs, liquidity problems and falling investor interest, have diverted the developers and investors, to explore new markets in the country. The immense potential in emerging cities like Indore, Ahmedabad, Nagpur, etc., has drawn a lot of attention from real estate buyers and developers. Experts believe that emerging markets have a lot of potential to deliver in th
Land prices in Mumbai touch new high
Mar 26, 2014
MUMBAI: Acute land shortage in Mumbai has led to a ridiculous situation where plots fetch astronomical rates. On March 24, a 25-acre sprawl belonging to Tata Steel in the suburban Mumbai invited the highest bid of Rs 1,155 crore. Over the past decade, as the housing shortage became more severe, the city recorded phenomenal property transactions. Fours years ago, a land parcel sold for over Rs 4,000 crore, a national record of sorts.
Mumbai flat buyers at mercy of property developers
Mar 25, 2014
MUMBAI: Flat buyers often find themselves at the mercy of property developers. Unscrupulous builders are known to suddenly turn around and demand additional money from purchasers when the time comes to hand over possession of the flat.
Realty’s online mantra
Mar 24, 2014
MUMBAI: When the great online shopping festival took place last year, where everything, from a pin to a plasma television (quite literally) was sold online, little did people know that they would end up buying expensive items like cars or even a home, for that matter, through that medium. Today, it is not uncommon to see niche and high-value categories, such as jewellery, automobile and real estate, featuring among the best deals online. According to a Google estimate, the online retailing marke
Navi Mumbai: A rise in capital values in Nerul, Airoli and Palm Beach
Mar 24, 2014
MUMBAI: Looking to invest in Navi Mumbai? Nerul, Airoli and Palm Beach, are localities that offer property investments that garner constant returns. According to data, these localities have witnessed a hike of 12-19 per cent in capital values in the last one year. Property experts say that the clearance of the proposed Navi Mumbai Airport is the factor that has pushed property prices in these localities.
Resale property
Mar 21, 2014
MUMBAI: If one has personal cash resources at one’s disposal and is not reliant on a home loan, it is best to buy a home in a strategic, high-demand location that has no new supply of housing, feel experts. This could result in very high return on investment (ROI) because it would mean that the project would come up for redevelopment, ensuring a tidy profit to the owner. However, it is important to note that home loans on a very old property cannot be taken for granted.
India office market view
Mar 20, 2014
MUMBAI: India’s economic momentum in 2013 was one of the most sluggish in over a decade. Signs of recovery, however, were visible from the second half of the year, with GDP growth touching 4.8 per cent during the July-September period, largely on account of improved performances in the agriculture, financing, insurance and business services sectors, as against a 4.4 per cent growth rate during the April-June period. Furthermore, positive export growth and reduction in imports, helped in bringing
City planning: The Mumbaikars’ way
Mar 19, 2014
MUMBAI: “When I see the city from my window, I don’t feel how small I am but I feel that if a war came to threaten this, I would throw myself into space, over the city, and protect these buildings with my body.” This Ayn Rand quote would possibly cross our mind, when we look at the skyline of Mumbai. If we dig deep into the history of this metropolis, we will be amazed to know how two distinctly different cities, co-exist here. One Mumbai exists which is rhetoric, expressive, tangible and can be
PE investments up by 13 per cent in realty sector for 2013
Mar 18, 2014
MUMBAI:Global real estate consultancy, Cushman & Wakefield’s latest report on private equity (PE) investments in real estate, revealed that total inflows from private equity funds in the real estate sector for 2013 was recorded at Rs 7,000 crores (USD 1.2 billion), an increase of 13 per cent as compared to 2012 (Rs 6,200 crores / USD 1.1 billion). Overall private equity investments across sectors in India have also increased by 11 per cent from USD 9.49 billion in 2012 to USD10.5 billion in 2013
Mumbai builders flout rules, sell flats in projects sans clearances
Mar 18, 2014
MUMBAI: Without any construction permissions in place and sometimes even when land titles are not clear, builders in the city have been enticing clients to book flats early at discounted rates although it is illegal under the law. In fact, by luring investors to book flats by paying just 10% to 20% before the first brick is laid, developers manage to sell 200 to 300 flats even before the project is publicly announced in some cases.
Homi Bhabha's bungalow put on the block, priced at Rs 257 crore
Mar 13, 2014
MUMBAI: The iconic bungalow where Dr. Homi J Bhabha, father of India's atomic energy programme lived for years, has now been formally put on block. The reserve price for the property, which had been home to the illustrious Bhabha family including Dr. Homi Bhabha and Dr. Jamshed Bhabha, is set at Rs 257 crore.
Godrej Properties adds new project in Mumbai through pact with Godrej & Boyce
Mar 13, 2014
MUMBAI: Godrej Properties, the real estate development arm of the Godrej Group, has entered into a pact with group company Godrej & Boyce to develop a new project on the latter's property at Vikhroli suburb of Mumbai, the company said in a release.
IT searches Hiranandani group in Mumbai, other places
Mar 12, 2014
MUMBAI: The Income Tax department today conducted searches at 20 locations of real estate major Hiranandani group in Mumbai and other cities in connection with alleged tax evasion.
Four weeks to study Campa Cola documents
Mar 11, 2014
MUMBAI: Attorney general Goolam Vahanvati appearing for the BMC sought four weeks from the SC to study the land title and conveyance documents submitted by Campa Cola residents who have filed a review against their eviction order.
The rich home in on safe bets
Mar 10, 2014
MUMBAI: A sprawling estate in the countryside, a heritage bungalow, large tracts of farm land – these may seem the likely investments for high net worth investors (HNIs) seeking property purchases. But with the downturn striking, the truth is that HNIs have been getting pretty conservative with their real estate bets.
Survey on green real estate sector 2014
Mar 06, 2014
MUMBAI : 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. There is an array of challenges and barriers ailing the green real estate secto
Indian realty in search of its superbrand
Mar 06, 2014
MUMBAI: If customer satisfaction and top of the mind recall value in the collective consciousness, are two key ingredients of pushing up a company or its product as the superbrand, then the Indian real estate sector has to go a long way in creating its own Burj Khalifa. The brand consciousness is though pretty high within the sector, yet, it seems the nature of the business often creates a deep chasm between sales and brand positioning. Whether to position the company as a brand or the project w
Tardy BMC to pay Rs 18 crore as property tax refund
Mar 04, 2014
MUMBAI: The tardiness of civic officials has resulted in the cash-strapped BMC paying around Rs 18 crore as interest for the delay in refunding the extra money citizens had paid as property tax.
Increased connectivity has boosted Mumbai’s property market
Mar 04, 2014
MUMBAI: Sunil Kher, a Chembur resident, commutes to south Mumbai daily for work by road. Earlier, he used to be quite frustrated by the traffic jams on his way to work. However, with the start of the new Eastern Freeway, his life has become much easier. Kher informs, “I had decided to shift to Dadar or some other place near my office three years ago but now, after the Freeway becoming functional, my life has taken a big turn. We are planning to buy a flat either in Chembur or Bhandup due to the
SC adjourns hearing on Campa Cola society till March 10
Mar 04, 2014
MUMBAI: The Supreme Court has adjourned hearing on Worli’s controversial Campa Cola society to March 10, as attorney general (AG) GE Vahanvatti was unavailable.
Tardy BMC to pay Rs 18 crore as property tax refund
Mar 01, 2014
MUMBAI: The tardiness of civic officials has resulted in the cash-strapped BMC paying around Rs 18 crore as interest for the delay in refunding the extra money citizens had paid as property tax.
Forest land: Maharashtra considers review plea against SC verdict
Feb 27, 2014
MUMBAI: The state government has sought legal opinion on whether it should file a review petition against the recent Supreme Court order removing the “private forest” tag attached to huge swathes of land across the state.
Emerging commercial hubs of Mumbai
Feb 26, 2014
MUMBAI: With the number of commercial properties witnessing growth during the last decade in the city, an increasing number of locations are emerging as business hubs for specific sectors and products. These changing trends have taken shape over the last few years, where these areas are being targeted by commercial buyers. The new emerging business districts where maximum commercial activity is taking place, are Andheri-Jogeshwari, Malad-Goregaon, Powai-LBS Marg and Thane-Navi Mumbai. According
Residents of Campa Cola resubmit documents to the BMC
Feb 25, 2014
MUMBAI: Residents of Campa Cola compound on February 20 submitted all relevant documents to Brihanmumbai Municipal Corporation (BMC) to find a solution to the ongoing issue arising out of orders to demolish their homes.

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