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.
NMC fails to generate property tax bills
May 08, 2014
NAGPUR: Property taxpayers have been taken for a ride once again. The Nagpur Municipal Corporation (NMC) has failed to distribute the property tax bills by April end. The chances of distributing the bills by May end too is bleak. It will not only inconvenience property owners but will also deprive the cash-strapped civic body of much-needed revenue.
1-4% rebate on property tax for early birds
May 08, 2014
MUMBAI: The Brihanmumbai Municipal Corporation (BMC) has decided to give rebate in the property tax bills of people who pay early.
Property prices crash 30% as buyers hold on cash till election verdict
May 07, 2014
BANGALORE|MUMBAI|NEW DELHI: Not all asset classes have been on a bull run in anticipation of the election result on May 16, when votes will be counted. Stocks may have been surging over the past few months but the secondary residential market has been going the other way, according to anecdotal evidence and the data that's available.
SC refuses to extend May 31 deadline to vacate illegal Campa flats
May 06, 2014
MUMBAI: It seems to be curtains for the legal battle launched by Campa Cola compound residents to save their illegal flats with the Supreme Court on May 5 declining to extend the May 31 deadline to vacate their aprtments for demolition.
Buy a flat in Mumbai: Check approvals, plans online soon
May 06, 2014
MUMBAI: Mumbaikars will soon be able to make an informed decision before purchasing a house in the city.
Land scam comes to light in Bangalore suburbs
May 06, 2014
BANGALORE: Have you registered a site or building on revenue land in Bangalore’s outskirts in the past year or so? Just ensure the documents are authentic.
Haryana urges SC to lift ‘forest’ tag from Aravali land
May 06, 2014
DELHI: At a time when there is an uproar against Haryana government’s move to allow more construction in unexplored regions including the Aravalis, the state has moved the Supreme Court aiming to free huge tracts of land declared as “forest” by the court in a mining related case in 2004.
Equity beats real estate gains in long run
May 06, 2014
MUMBAI: There has been a deluge of offer s through advertisements aimed at prospective home buyers, for those who will live in that property and also those who want to buy a property as an investment. For the second option-that is buying a real estate now as an investment for future gains-a widely accepted opinion is that investing in property is the best investment, even better than investing in shares. We analyze this belief by looking at the pros and cons of such an investment, and whether th
Rental income rarely outperforms inflation
May 06, 2014
DELHI: I live in a centrally located area of Bangalore. A canal bifurcates the main road into the 'rich' and 'poor' areas. On the affluent side of the canal, hotels, restaurants and highrises dot the street. The real estate rates hover between Rs 12,000 and Rs 15,000 a square feet. On the other side - home to a garbage dump - the rates are about Rs 3,000 a square feet. I clearly know which side of the street offers a better quality of living, but how does one decide which side of the street is a
Go for property over gold, this Akshaya Tritiya
May 03, 2014
BANGALORE: With the festive time here, a buyer has to start evaluating various investment options for better returns. The dilemma of whether to invest in a property or gold is not new but the situation is different this year. Experts believe that the economy is showing signs of improvement. Therefore, it bodes well for the growth of the real estate sector and depicts a hard time for gold. There is a chance that the rupee will gain strength over the dollar due to higher growth in the economy and
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
Economic slowdown has not impacted the luxury residential segment
May 03, 2014
HYDERABAD: Rise above the necessary and when you do that, you are in the lap of luxury. Amid the gamut of luxury projects in India, luxury housing has picked up the most. Modern homes today pack features that meet the growing aspirations of people who want their houses to reflect their social and financial standing. These luxury homes come as apartments, penthouses, suburban villas and bungalows, and are often close to a golf-course or a green expanse. Industry experts attribute the rise in luxu
EOW Crackdown Continues, Another Realtor Held
May 02, 2014
BHUBANESWAR: Continuing its crackdown on dubious realtors, the Economic Offences Wing of Crime Branch on Tuesday arrested the property dealer and managing director of Gajanan Property Private Limited, Bhubaneswar, Niranjan Parida in a case of land fraud amounting to over `3 crore.
Again, TMC misses property tax target
May 02, 2014
THANE: The Thane Municipal Corporation (TMC) has marginally missed its property tax target for the 2013-14 fiscal like it has for the last two to three years unlike in the past. Recovering Rs 236.81 crore of property tax as against the set target of Rs 284.24 crore, the TMC has managed to maintain its track record, said a senior civic official.
Pune Municipal Corporation launches new property tax website
May 02, 2014
PUNE: The property tax department of the Pune Municipal Corporation (PMC) has started its own website to help citizens resolve their property tax issues.
Nagpur Municipal Corporation to auction properties seized for tax default
May 02, 2014
NAGPUR: The Nagpur Municipal Corporation has decided to now auction properties of the property tax defaulters to recover dues. The civic body will first publicly release names of major defaulters and then auction the properties if they still do not pay up.
Corporators renew demand to save illegal Campa Cola buildings
May 01, 2014
MUMBAI: As a month remains for the extension given to Campa Cola residents to end, corporators have restarted efforts to save the unauthorized structures in the Worli colony.
Take the plunge this Akshay Tritiya
May 01, 2014
MUMBAI: Everybody wants to buy a property during the auspicious festive day of Akshay Tritiya but identifying the right property and right spot is a cumbersome job.
Vaishali property is value for money
Apr 30, 2014
DELHI: Vaishali has become one of the most preferred real estate destinations of New Ghaziabad (trans-Hindon regions), as the infrastructure here has improved vastly and Metro connectivity is in place.
Property market receptive this Akshay Tritiya
Apr 30, 2014
MUMBAI: To say that the property market of Mumbai has been subdued for quite some time would be stating the obvious. Reports of inventory pile up and appreciation despite slow sales have only made the sentiments bearish. The macro-economic outlook in the last year, has also not supported the cause of real estate market in the city. Amidst this gloomy scenario, comes the festival of Akshay Tritiya, which has traditionally been known for property acquisition in the city. It has not only got the em
Real estate may get a boost on Akshay Tritiya, agents say
Apr 30, 2014
THANE: Property developers and real estate agents in the city are hoping that by next weekend, many of the under construction houses and townships will be booked. Any festival is considered to be an auspicious time to invest in real estate and Akshaya Tritiya is no exception.
Maharashtra Stamp Act: Stamp duty refund
Apr 29, 2014
PUNE: There is a provision in the Maharashtra Stamp Act for the refund of stamp duty in certain cases; for example where a property property transaction intended is not completed. This is, provided the application for refund is made within the prescribed timeframe. Some of the provisions for refund of stamp duty are briefly given below.
Real estate market wants a stable regime
Apr 29, 2014
DELHI: The real estate sector is in a bad shape in the country. Many builders say this is mainly on account of the uncertainty in the current extended season of general election in the country.
Pune’s skyline transforming from bungalows to towers
Apr 29, 2014
PUNE: Pune’s residential real estate market has evolved in formats. From huts to wadas; from independent houses to skyscrapers, the realty market in the city has seen it all. However, with the rising skyline in Pune, the bungalow culture, which once defined Pune, is now slowly getting reduced with only a few locations offering independent homes. “None of the residential formats available now and in the past, have had such an enduring appeal as bungalows. Pune is a city with a unique blend of in

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