Latest Realty News

Nod to stamp duty waiver in NCR
May 30, 2014
DELHI: The Haryana government on May 28 waived stamp duty on transfer of immovable property to blood relations, a few days after Punjab took a similar decision.
Affordable Housing in Delhi,Property in Delhi,Real Estate in Delhi
May 28, 2014
MUMBAI: After facing flak for being “inhuman” when evicting residents to raze the 35 illegal floors in Worli’s Campa Cola compound last November, the BMC is now treading carefully.
Focus on property tax collection: GHMC chief
May 28, 2014
HYDERABAD: The Greater Hyderabad Municipal Corporation (GHMC) commissioner Somesh Kumar has directed the officials to concentrate more on revision petitions related to property tax collection by conducting property tax Parishkaram-3. With this, cases of various tax related issues could be settled on the spot giving scope for more collection, he added.
Crime Branch plea to confiscate Ashore property
May 28, 2014
BHUBANESWAR: The Economic Offence Wing (EOW) of Crime Branch (CB) on Tuesday proposed the finance department to confiscate property of Ashore Group, accused of cheating depositors of more than Rs 25 crore in Odisha.
3 sell property by producing bogus owner
May 28, 2014
NAGPUR: Three men have been booked for fraud after they allegedly sold a property by bringing a bogus woman to pose as the owner, and submitted fake documents with forged signatures at the assistant district deputy registrar's office. Property owner Shama Khan, 47, a resident of Jahangir Manzil Road, Chhaoni, filed a complaint at Dhantoli police station on Wednesday evening.
NMC property tax dept bifurcation in limbo
May 28, 2014
NAGPUR: The Nagpur Municipal Corporation (NMC) property tax department's bifurcation proposal is likely to be relegated to the back burner. The NMC union headed by BJP state president and South-West Nagpur MLA Devendra Fadnavis has opposed the proposal by leaders of BJP-led ruling alliance.
100 new smart cities for affordable housing
May 27, 2014
DELHI: Creation of 100 new smart cities, focus on infrastructure, and affodable housing are the cornerstones of the new government’s agenda for the real estate sector.
Buying compact homes is a wise investment
May 25, 2014
MUMBAI: Home loans rates have been slashed – If such an announcement in the paper prompts you to buy a house, count yourself among those who act in haste and repent in leisure.
REIT good for investor and industry
May 24, 2014
DELHI: The Securities and Exchange Board of India (SEBI) recently initiated steps to revive the Real Estate Investment Trusts (REITs).
Infrastructure pushes commercial realty in micro-markets
May 23, 2014
BANGALORE: The city’s realty market’s dynamics changed with the IT revolution that swept across its landscape. The ‘Information Technology Capital of India’ soon became a thriving hub for professional education and employment opportunities, and its realty market started booming.
Surat Diamond Bourse effect: Property prices head northwards
May 22, 2014
SURAT: The prices of properties in Vesu, Dumas, Bhimpore and Piplod are witnessing a sudden boom ever since an announcement was made recently by some diamantaires about their plan to set up operations of Surat Diamond Bourse (SDB) on Dumas Road in the city.
To shift lenders or not?
May 22, 2014
MUMBAI: When home loan rates go down, existing home loan borrowers often wish they had delayed their decision to buy the property. Some even shift lenders when the rate difference becomes substantial. State Bank of India (SBI), the country’s biggest lender, has been advertising its ‘cheapest rate’ and encouraging existing borrowers to shift.
Oshiwara is poised for growth in Mumbai
May 21, 2014
MUMBAI: Located between Jogeshwari and Goregaon, Oshiwara is the sovereign destination along with a superlative infrastructure setup and excellent connectivity to all parts of Mumbai.
Realty sector awaits booster dose
May 21, 2014
DELHI: Buyers—end users and investors—must make up their minds soon and enter the market, as prices are expected to appreciate once a new government is sworn in. A new, stable government will have a positive influence on the economic growth story, which has been sluggish in the past few months. With revival of the economy, the demand for real estate is expected to improve drastically, which would further lift the prices in the sector. Naturally, with the talk of a new government, all the stakeho
Infrastructure drives real estate along NH3
May 21, 2014
MUMBAI: Infrastructure growth has given impetus to the real estate market across India. The widening of the eastern express highway and construction of a number of flyovers on this stretch led to the increased accessibility of Thane and adjoining areas to south and central Mumbai, resulting in rapid development of Thane and adjoining areas. Similarly, the areas along the National Highway 3 (NH3) are also likely to see considerable transformation, due to its widening into a four-lane highway.
Emerging corridors of Delhi-NCR
May 20, 2014
DELHI: Affodable housing prices, proximity to the national capital, fast-developing infrastructure, and the availability of spacious and quality residential units are the key factors driving the growth of satellite towns and other suburbs of the NCR.
Modi regime might fuel FDI rush into real estate
May 20, 2014
DELHI: With a clear mandate for a Bharatiya Janata Party (BJP)-led government at the Centre, developers and experts are expecting a revival and an increased inflow of foreign investments into the realty sector.
Mahindra Lifespace Developers gets Rs 325 crore from sale of Mumbai land
May 19, 2014
MUMBAI: Realty player Mahindra Lifespace DevelopersBSE 4.48 % said it received Rs 324.95 crore from the sale of a five-acre property in the Byculla area of the city owned by the Kanoria family.
Inventory of unsold homes up 4.85% in January-March quarter at 7,34,000 units
May 19, 2014
DELHI: The inventory of unsold homes in the top cities has risen 4.85% in the January-March quarter to 7,34,000 apartments from just over 7,00,000 apartments in the previous quarter on the back of tepid sales and over 700 new residential projects being launched across the country, says a report by property research firm Liases Foras.
Develop the plot, build the storey
May 19, 2014
MUMBAI: Inherited property can be touchy territory. If you have a land parcel that was bequeathed to you, chances are that you will be in two minds about what to do.
Realtors expect revival in property mkt
May 17, 2014
DELHI: Hailing clear majority for Narendra Modi-led BJP in the polls, real estate experts today said a stable government at the Centre will help revive the property market.
Mumbai: The ‘undisputed king’ in Indian office market
May 16, 2014
MUMBAI: International property consultancy JLL India, has released its latest research report ‘Mumbai Offices 2020: Mapping the Future of the Mumbai Office Market’. Anticipating the changing trends of commercial real estate in India’s financial capital, ‘Mumbai Offices 2020’ provides ‘foresight with purpose’ into where Mumbai’s office market is headed. Talking about this report, Ramesh Nair, COO – business, JLL India, says, “With this report, we reaffirm that Mumbai will continue to be acknowled
How banks determine home-loan eligibility
May 16, 2014
DELHI: Buying a home is an important personal finance decision. This not only compels us to use our savings for paying down payment for homeloan, it also makes changes to our lifestyle to accommodate the new EMI payment for the home loan.
Maintenance charge: Pay and forget?
May 16, 2014
DELHI: Scene 1: You enter a with no security check and as you walk in, there is peeling paint, crumbling plaster, unkempt lawn, garbage spilt over in the common areas, lifts not working but the ‘works’ are there in the lift!
Investments have an edge along NH-8
May 15, 2014
DELHI: National Highway 8 has been playing a crucial role in catering to the people coming from all corners of the country by facilitating the growth of commercial and residential property investments along this stretch.

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