Latest Realty News

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.
Good returns drive residential market of Golf Course Extension Road
May 15, 2014
DELHI: Golf Course Extension Road has been developing as a premier lifestyle destination for residential and commercial property owing to fast-paced infrastructural development and good connectivity to NH-8 and South Delhi through Gurgaon-Faridabad Expressway.
Noida may see 10% rise in allotment rates
May 15, 2014
DELHI: Buying property in Noida is likely to cost more from June. The Noida Authority proposes to hike the land allotment rate of residential and commercial properties by 15% and industrial properties by 10%, respectively, according to sources. The new rates are likely to be effective from June.
Developers protest government’s patta order
May 14, 2014
BHUBANESWAR: A recent government order making ‘record of rights (patta)’ mandatory for selling land has almost paralyzed transaction of real estate properties in various parts of the state, particularly in Bhubaneswar, for the past two weeks or so as most real estate developers don’t have pattas.
It’s raining offers in real estate sector too!
May 14, 2014
MUMBAI: Cash discounts, freebies, lucky draws, sale fiestas, home buying days, foreign trips, et al; if anyone were to talk about all of these in the real estate context, even five years back, it would just elicit disbelieving responses. Today, all these selling strategies, which have been drawn from sectors like retail, FMCGs, etc., is a major part of any real estate company’s marketing and branding strategy. As the players in the organised sector of real estate grow in numbers and profit margi
Prices of commercial property like offices and shops fall 30% from peak on oversupply, weak demand
May 13, 2014
DELHI: Prices of commercial property, which includes offices space as well as shops in malls and shopping complexes, have fallen 30% from their peak values in 2008 because of a glut in supply and weak demand over the past few years.
Integrated townships come to Meerut
May 13, 2014
DELHI: Meerut’s realty market has shaped up as an ideal destination for affordable-range housing with prices in other NCR regions like Noida, Gurgaon, and Ghaziabad slipping out of the reach of the average middle-class homebuyer.
Rs 8 crore road link for Manesar Phase V
May 13, 2014
DELHI: The newest industrial pocket of IMT Manesar – Phase V – is now being readied for fresh development activity lined up for the coming years. The industry authority, HSIIDC, has recently put together a road layout plan for this newly acquired development land, which will connect parts of Phase V with the rest of the township.
Delhi picks trouble spots in Haryana’s 2021 plans
May 12, 2014
DELHI: The Delhi government has raised several environmental concerns about the draft regional plan 2021 and sub-regional plan for Haryana 2021. One of the issues is high emission of sulphur dioxide (SO2) and oxides of nitrogen (NO2) in parts of Haryana in NCR with not enough air quality monitoring stations in the region. Water sharing through Munak Canal and land use change in Aravalis are other contentious areas.
Noida: Residential units can be built on institutional plots
May 12, 2014
DELHI: Finding no takers for developing institutional properties in the city, Noida Authority has decided to allow such plot owners to sell a portion of the land for residential use. This decision will help offer more housing projects in the region.
Ultra-luxe NCR apartments a rage with expats, corporate travellers
May 12, 2014
DELHI: If you have recently arrived in Gurgaon, Noida or Delhi for work, and don’t like the idea of putting up at a hotel, you need not live out of a suitcase. An increasing number of business travellers coming down to this neck of the woods for a few days, weeks, months or years are opting for a more homely experience. Thanks to a whole new crop of plush apartments in NCR that are being converted into beautiful homes, visitors are now choosing to opt for full-service apartments that are being p
Community living vs township projects
May 12, 2014
MUMBAI: Community living projects and integrated projects, are changing the lifestyle of home buyers. “Community living is a concept which defines a closely-knit social fabric within a residential cluster. Such a fabric may be the result of various driving factors, including proximity of buildings, the fact that the neighbourhood has been tailored along certain lines, or the collective need to address certain circumstances or objectives,” says Om Ahuja, CEO-Residential Services, JLL India.
CREDAI to organise property show
May 12, 2014
NASHIK: The Confederation of Real Estate Developers' Association of India (CREDAI) will be organising 'Property Show 2014' from May 23 to May 25 at Dongre Vasatigruha. This year, the exhibition is being organised on national and international level.
Around $16 billion locked in Mumbai's fund-starved real estate sector
May 11, 2014
MUMBAI: Close to Rs1,00,000 crore (around $16 billion) by private equity funds is locked in the fund-starved real estate sector as hundreds of projects get delayed across the country and investors struggle for an exit.
Tata Sons chairman Cyrus Mistry's company wins battle 'royal' against lawyer
May 10, 2014
HYDERABAD: A company owned by the family of Tata Sons chairman Cyrus P Mistry has won a victory in the Andhra Pradesh high court as it tries to safeguard the assets it bought from the heirs of the erstwhile Nizam of Hyderabad. In an order last week, the court put a temporary halt to the sale or transfer of Cyrus Investments' assets in Hyderabad by the lawyer who was given a general power of attorney for the assets by the Mumbai-based company.
Proactive governance for Pune
May 10, 2014
PUNE: While the infrastructure of Pune has been comparably better than in many urban centres across the country, there is no denying the fact that the kind of urbanisation and migration that is happening in the city, is leading to increased load on its infrastructure. Moreover, since most of the infrastructure has been created by private realty developers in the city, of late, there has been uneven development of infrastructure across the city.
Bangalore’s high-end realty draws NRI investors
May 10, 2014
BANGALORE: With the drop in rupee value and foreign currency getting stronger, many NRIs are evincing interest in picking up residential property in the city. Bangalore is being viewed as a luxury market destination and ticks many of the boxes that work in favour of a good city to invest in.
Be prepared to shell out more under property tax
May 10, 2014
NAGPUR: With municipal and general elections over, the BJP-led ruling alliance at the Nagpur Municipal Corporation (NMC) has resumed the process to implement the capital value-based property tax system. The property tax for residential properties will increase up to two times while it will be three times for commercial properties.
Pay property tax even on holidays this month
May 10, 2014
PUNE: The civic administration has planned to keep the property tax payment facility open even on holidays this month, so that the maximum number of citizens can avail of the discount offered on payments made before May 31.
Pay property tax even on holidays this month
May 09, 2014
PUNE: The civic administration has planned to keep the property tax payment facility open even on holidays this month, so that the maximum number of citizens can avail of the discount offered on payments made before May 31.
Bangalore ORR witnesses growth in office space market
May 09, 2014
BANGALORE: The Outer Ring Road (ORR) was the first significant civic infrastructure project that connected Bangalore laterally. While connectivity was enhanced cutting travel time considerably, it led to rapid commercial and mixed use developments along this belt. The Hebbal-KR Puram-Sarjapur Road stretch of the ORR has emerged as one of the preferred commercial hotspots, leading to hectic residential property development in localities around.

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