Latest Realty News

Campa residents divided as deadline gets over
Jun 15, 2014
MUMBAI: June 12 marks the final deadline for residents of the illegal flats at Worli’s Campa Cola compound to vacate their apartments and hand over the keys to the local G South ward office. The BMC on June 13 is likely to serve notices, saying they will enter their premises and take action to evacuate the occupants.
Mumbai’s Vasai-Virar belt offering affordable homes
Jun 15, 2014
MUMBAI: For most homebuyers who are looking for affordable homes, the Vasai-Virar belt has many good projects to suit their budget and needs. With office premises shifting from south Mumbai to the city’s western suburbs and rehabilitation of slums going on in full swing, the areas are witnessing huge interest from buyers.
Connectivity opening up Bangalore suburbs for development
Jun 15, 2014
BANGALORE: Bangalore always had one major advantage large land parcels that were available at low rates. The only push needed to unlock their value and leverage their worth was accessibility. While on the one hand the Karnataka Industrial Areas Development Board (KIADB) began acquiring large tracts of land, the Bangalore Development Authority (BDA), the Bruhat Bangalore Mahanagara Palike (BBMP) and the National Highways Authority of India (NHAI) worked to bring the civic infrastructure up to cat
Hyderabad: Churning the wheels of growth
Jun 14, 2014
HYDERABAD: A few days ago when Hyderabad city had a black out for few hours, the segment which suffered the most were the manufacturing units, which are totally dependent on power supply. Land, power and water are the three vital factors for an industrial area. Due to its huge tracks of land and scope of expansion, Hyderabad is one of the suitable options for setting up manufacturing business. However, from past few years the heavy industries are seen settling down more in Maharashtra, Chennai o
Pune’s real estate market is balancing both worlds
Jun 14, 2014
PUNE: Witnessing a surge in residential and commercial spaces, Pune real estate market has been expanding its horizons.
Double taxation for Eastern Metropolitan Bypass land in Kolkata
Jun 14, 2014
KOLKATA: Constructing a house in areas off the Eastern Metropolitan Bypass is set to pinch you more. Apart from paying the building sanction fee to the Kolkata Municipal Corporation (KMC), you will now have to pay a development fee to the Kolkata Metropolitan Development Authority (KMDA).
Infrastructure growth driving Mumbai’s realty
Jun 14, 2014
MUMBAI: Infrastructure is one of the deciding elements for finalising a property. A location that has good infrastructure development, commands high property rates and has good growth prospects and vice-versa. Shailesh Puranik, managing director, Puranik Builders, explains that “Buyers generally look out for basic infrastructure such as good and widened roads, easy connectivity to railway stations, airports, arterial roads, adequate supply of water and electricity, enough open spaces, and others
Pay your property tax in advance, get concession
Jun 14, 2014
THANE: The Thane Municipal Corporation (TMC) has restarted its earlier scheme of giving concessions to residents who pay property taxes in advance. Under the scheme, residents who paid the entire year's property tax in May were given a concession of 5%. Similarly, the TMC will give 4% concession to those who pay the entire year's tax by June, 3% by July and 2% in August.
Adopting Mamata’s colour code will get homeowners tax sop
Jun 14, 2014
KOLKATA: Want a property tax waiver for 2014-15? Paint your house or apartment building white-and-blue. Yes, you've read it right. The proposal, which has mayor Sovan Chatterjee's blessings, was accepted in the mayor-in-council meeting on Monday.
Real opportunities in real estate?
Jun 14, 2014
MUMBAI: Since May 16, the Bombay Stock Exchange's realty index has risen 32.50 per cent. The surge in real estate stocks suggest that the property market is booming again. But analysts believe that the fortunes of the sector will not change so soon. Does it mean then that before the price rise starts, buyers should jump to buy property?
SC dismisses Noida builder’s plea against NGT order
Jun 14, 2014
DELHI: The Supreme Court on June 10 refused to entertain a plea of real estate firm Jaypee Infratech seeking a direction to Noida Authority to grant completion certificate to its projects which fall within 10km radius of a bird sanctuary.
Noida homebuyers left in the lurch again!
Jun 14, 2014
DELHI: The recent judgment of the National Green Tribunal (NGT) prohibiting the Noida authority from giving completion certificates to projects within 10km radius of the Okhla Bird Sanctuary will affect around 20,000 buyers whose apartments have been completed and ready for delivery.
Delhi: 40% buildings don’t comply with fire safety norms
Jun 14, 2014
DELHI: Four out of 10 buildings in Delhi do not comply with the safety norms, according to fire officers. The unsafe buildings include residential and commercial complexes, schools and nursing homes. Even the playschool which caught fire on June 10 did not have a no-objection certificate (NOC), the officers said.
Zooming in on Kharadi in Pune
Jun 09, 2014
PUNE: The residential property market has altered Pune’s landscape and changed the city’s dynamics.
Pune’s realty market is within your reach
Jun 08, 2014
PUNE: The definition of an affordable property varies across the country and changes from city to city. An affodable housing segment of Mumbai may possibly fit into the premium segment of Tier II cities. Pune’s realty market is very dynamic and it offers space for all the segments, but the locality is different for each property class.
Delhi eyes rooftop solar power
Jun 07, 2014
DELHI: Delhi is trying to draw a few lessons from the Prime Minister’s Gujarat model. Gandhinagar’s rent-a-roof project may help Delhi supplement the power supply in the capital with solar energy. If the model is replicated in Delhi, according to official sources, it has the potential to deliver 50-100 MW. This was discussed by the capital’s top bureaucrats with their Gujarat counterparts on June 5.
Hyderabad: Destination Dilsukhnagar
Jun 07, 2014
HYDERABAD: Dilsukhnagar has equal share of residential and commercial realty spaces, located between Malakpet and LB Nagar the area once a suburb has developed by leaps and bounds over the last 15 years.
E-governance software to cut down on visits to Noida Authority office
Jun 06, 2014
DELHI: To reduce public interface and make paperwork easier, the Noida Authority is all set to launch an e-governance software in the next few days. According to officials, the trial run of the software, which will also ensure transparency and cut corruption, is being conducted at present.
National Green Tribunal order delays Noida flats
Jun 06, 2014
DELHI: Almost 20,000 homebuyers in Noida face a delay in receiving possession of their completed apartment . This is due to a recent judgment by National Green Tribunal, which prohibits Noida Authority from giving any completion certificate for projects within a 10km radius of Okhla Bird Sanctuary.
Owning a farmhouse in NCR gets tougher
Jun 05, 2014
DELHI: The Haryana government has put an end to the farmhouse culture on the eve of World Environment Day. In a decision which will hit the lifestyles and ambitions of several rich and elite residents of the Millennium City, the government on June 4 decided to stop issuing change of land use (CLU) licences for farmhouses in agricultural zones falling under highly sensitive zones.
Land rates hiked in Noida, Yamuna e-way areas
Jun 03, 2014
DELHI: Buying a property in Noida and along the Yamuna expressway has become more expensive.
Mysore Road: Potential for more commercial development
Jun 02, 2014
BANGALORE: Upgraded connectivity, through the planned Metro line to the peripheral areas and widening of the Sirsi Circle Flyover, is spurring growth in this belt, says Sai Prasanna Mysore Road winds through the southwestern quadrant of the city, connecting it to the city of Mysore. While commercial realty developments are limited in this belt, over the last few years, residential growth has risen, with the completion of the incomplete stretches of the Outer Ring Road (ORR) in this region. With
Redevelopment of pagdi properties in Mumbai
Jun 01, 2014
MUMBAI: For redevelopment of tenancy properties, there are three parties between which the agreement for redevelopment is done
The opportunity in Mumbai’s inventory overhang
May 31, 2014
MUMBAI: The uncertainty in the real estate market has existed for some time now. With the market having been in a wait and watch mode and the growth figures of the Indian economy not looking so bright currently, the developers in Mumbai have found it tricky to offload their inventory. New property launches have definitely reduced in the market. This situation has led to a price reduction and handsome discounts or attractive freebies have been around for some time.
Industrial hub pushes demand for housing in Hoskote in Bangalore
May 31, 2014
BANGALORE: The growth story of Hoskote and its surrounding areas has been phenomenal. This growth story has been pushed by the fundamentals of development for any region connectivity and good social infrastructure.

Latest Realty News Of State

Realty Talk's