Latest Realty News

Pune Court restrains entrepreneur from defaming Lavasa
Dec 13, 2013
MUMBAI: In a relief to Lavasa Corporation Limited, a Pune court, in an interim order, has restrained an entrepreneur from publishing or circulating defamatory material against the company.
Tata Housing Development gives opportunity to book homes online
Dec 13, 2013
PUNE: Tata Housing Development Company has come out with a unique scheme for home buyers bringing them the opportunity to purchase homes online during the great online shopping festival by Google.
Aversion to debt makes Kolte Patil a rare realty gem
Dec 12, 2013
MUMBAI: Sujay Kalele, a former Infoscion, is a different kind of a real estate CEO. He thinks a hundred times before taking on debt. If cash flows are not strong, he would rather prefer private equity or partnerships than loans. In three years since taking over as the chief executive officer of Kolte-Patil, revenues of the Pune-based real estate developer have jumped 70%, profit has risen 50% while shares have soared 60% compared with a 60% fall in the BSE realty index.
FSI incentives also offered to existing proposals
Dec 12, 2013
BANGALORE: Floor Space Index incentives are offered not only to fresh proposals but also to the existing realty proposals. Housing societies of landlords or occupiers may convert their earlier proposals in accordance with the modified regulations, provided the redevelopment scheme is in progress and has not been completed, i.e. where full occupation certificate is not granted.
Why Pune makes a great investment destination
Dec 11, 2013
PUNE: Being one of the fastest growing IT hubs of India, Pune has a cosmopolitan population with good social infrastructure, excellent educational institutes and constantly upgrading physical infrastructure. The city has always been known as the educational capital of India. The infrastructure, financial opportunities and most importantly the climate of Pune make the younger generation want to live here. In addition, its proximity to Mumbai, the financial capital, makes it very convenient to set
Investment in Pune property market remains rewarding
Dec 10, 2013
PUNE: What makes Pune such an attractive property investment destination despite the fact that Mumbai, India’s legendary real estate market par excellence, is right next door? A few years ago, the reasons for this were not as obvious as they are today.
Pune residential market – Win-win situation for buyers
Dec 07, 2013
PUNE: Pune plays a critical role in the real estate sector of Maharashtra and the country at large. It continues to witness good traction as the market is still relatively affordable with new launches helping maintain the momentum. The demand for residential projects has increased tremendously driven primarily by the end-user segment. Real estate developers see considerable growth opportunities in the residential segment as the annual requirement of houses in Pune is estimated to remain in the r
Single-window clearance will cut housing cost, Pune realtors says
Dec 05, 2013
PUNE: Higher input, finance costs, non-availability of bank finance for real estate projects and exorbitant taxes are some of the problems that will be debated in the forthcoming Credai Conclave 2013, which will take place in New Delhi on December 13 and December 14.
Road to evolution of Pune
Dec 04, 2013
PUNE: Pune has an advantage by virtue of the fact that it has been able to add to its borders by means of surrounding villages. This has served to decrease the pressure on the central city and encouraged an outward growth pattern. However, there are challenges related to Pune’s infrastructure, particularly its road network and these have more to do with the speed of this growth. While there are various proposals for road widening, these have to be translated into real time, to be effective, as i
2,640 families get houses under slum rehab plan in Pune
Dec 03, 2013
PUNE: Over 2,500 of the approximately two lakh families living in the slums of the city have got tenements under the slum rehabilitation scheme, so far.
Vishrantwadi: Property prices rise by 50 per cent in two years
Dec 02, 2013
PUNE: If you are looking to buy property that offers connectivity and ensures consistent returns, don’t miss Vishrantwadi in east Pune. According to data, property prices in the locality rose by 50 per cent in the last two years.
PCMC doubles property tax for illegal buildings
Nov 28, 2013
PUNE: Owners of unauthorized constructions in Pimpri Chinchwad will have to pay double theproperty tax. The civic body will soon start issuing tax bills for 2012-13 and for 2013-14.
Rental market shows upward trend in Boat Club Road, Pune
Nov 26, 2013
PUNE: The rental values in Boat Club Road have increased by more than 20 per cent in the July-Sept 2013 quarter, as per research. “Boat Club Road, along with its neighbourhoods Bundgarden and Dhole Patil Road, is arguably one of the best locations in Pune, in terms of connectivity and up-market feel. There are about 60 per cent investors who are well-off and have spare money to invest. They are reaping high returns today. Several Bollywood celebrities have also invested in proper
RICS Commercial Property Survey shows drop in occupier demand
Nov 20, 2013
PUNE: The RICS India Commercial Property Survey showed signs of a fall in both occupier and investor sentiment during the third quarter of 2013 (July -September).
Location and affordability attract home buyers to Charoli
Nov 19, 2013
PUNE: If not Kalyani Nagar, Viman Nagar or Koregaon Park, then what? Can it be Charoli? The area which is located in the northern part of the city, not only offers a location advantage but also provides affordable real estate properties. “Areas such as Kalyani Nagar, Viman Nagar and Koregaon Park, the time-honoured residential destinations for the high-salaried IT class, have already reached a saturation point. The options which are left are exceedingly expensive and beyond the reach of middle-i
Dhanori sees high supply of properties within RS 40 lakhs
Nov 18, 2013
PUNE: Located on the eastern side of Pune, Dhanori offers a wide range of options for those who are looking for a residential property within Rs 40 lakhs. According to data, the area is seeing maximum supply of properties, with several new housing projects, which are at various stages of construction. These projects offer 1, 2 and 3-BHK units.
Maharashtra builders seek clarity on reserving flats for EWS
Nov 16, 2013
PUNE: The Maharashtra chapter of the Confederation of Real Estate Developers Association of India (Credai) on November 14 welcomed the state government’s notification stipulating reservation of 20% flats for economically weaker sections, in schemes on one acre land, but said the government resolution needed more clarity.
JLL leases out PCMC’s first full-fledged mall
Nov 13, 2013
PUNE: Pimpri-Chinchwad Municipal Corporation, Pune’s thriving sister city, is all set to throw the doors of its first full-fledged mall open to the public. City One Mall, an joint undertaking by PCMC’s leading development companies Rama Group and Pharande Spaces, is being exclusively leased by out Jones Lang LaSalle India.
Pune builders to transfer ownership of flats or will get blacklisted
Nov 06, 2013
PUNE: The Pimpri Chinchwad New Township Development Authority (PCNTDA) administration has warned as many as 375 builders saying that the builders would be blacklisted if they fail to transfer the ownership of the flats, constructed by them, in the buyers’ name through conveyance deed in the next three months.
Vastushodh Projects gets PE funding
Nov 01, 2013
PUNE: Mumbai-based PE fund Avenue Venture Partners Real Estate Fund has invested in one of the projects of Vastushodh Projects, a Pune-based developer of houses for the middle and lower income group.
Pune based Vastushodh projects affordable housing gets a PE Boost
Oct 31, 2013
PUNE: City based Vastushodh Projects is all set to get a boost in its endeavour to provide housing for middle and lower income groups with Avenue Venture Partners, a Mumbai based PE Fund taking project level equity in some of its projects.
Equinox appoints C&W as marketing partner
Oct 31, 2013
PUNE: Equinox Realty, the real estate arm of Essar Group, has appointed property services consulting firm Cushman and Wakefield (C&W) as an exclusive marketing partner for its 'Villas in the Sky' range of apartments at Water’s Edge in Hebbal, Bangalore.
Gera Developments launches Gera’s Imperium Green in Goa
Oct 30, 2013
PUNE: Gera Developments, one of the pioneers of the real estate industry and the creators of premium residential & commercial projects in Pune & Goa, today announced the launch of Gera's Imperium Green, the next generation green building of Goa. Located in Mala, (soon to emerge as Patto Extension) in Panjim, Gera's Imperium Green, is Goa's first commercial property that is powered by Greentelligence and utilizes numerous green parameters of an eco-friendly building.
But affordable housing is pushed to the periphery of Pune
Oct 29, 2013
PUNE: Satish Rajopadhye has been on the look out for a two-bed room house and has a budget of Rs 35 lakh for it. His search for the right place however seems endless as there are simply no homes available within his budget in the city’s well-known pockets. The situation has forced him to consider a site 30 km north of the city and even there his budget is barely meeting the asking price.
Panel for housing zone over libraries, schools in Pune
Oct 29, 2013
PUNE: The state-appointed planning committee has recommended that 1.71 lakh square metre land, which was reserved for 13 civic amenities in the draft development plan (DP) of Tathawade village in Pimpri Chinchwad, be earmarked as residential zone.

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