Latest Realty News

Apartments between Rs 30-60 lakh most preferred: CREDAI
Feb 28, 2014
CHENNAI: Majority of home buyers opted for mid-range apartments priced between Rs 30 lakh and Rs 60 lakh at the seventh edition of the Fairpro 2014 that concluded here recently, real estate industry body CREDAI said today.
Central India's first property show
Feb 28, 2014
INDORE: Moving forward with the traditions of excellence and innovations, Credai's (Confederation of Real Estate Developer's Associations) Indore chapter once again brings a property show- 2014. Being organized from the last two years, this property fair has got tremendous response from people and the critics. Forming its chain of success, Credai this year is entering into its third edition. From 28th February to 2nd March, this three-day event will be held in Indore.
Chennai: 3 in 4 buyers look for apartments within Rs 60 lakh
Feb 25, 2014
CHENNAI: Over 70% of apartment buyers in the city purchase properties below Rs 60 lakh, going by figures thrown up by the just concluded three-day property fair, Fairpro, organised by the Confederation of Real Estate Developers’ Association of India (CREDAI).
Swimming Pools, ATMs in Housing Complexes Lure New-age Buyers
Feb 22, 2014
CHENNAI: Swimming pools, gyms, parking lots, landscaped gardens, playgrounds, supermarkets and even in-complex schools and ATMs. If you want to sell a home to the latest generation of home buyers, you better have every single on of these and more. With the average age of home buyers plummeting, developers have realised that this generation of customers are no longer very worried about locales and proximity to the city. The current catchword for selling residential projects is ‘amenities’.
Noida-based realtors demand for Environment Impact Assessment
Feb 22, 2014
DELHI: To meet the deadline of both residential and commercial projects and bring the prices down by at least 10 per cent, the Noida-based realtors have demanded for Environment Impact Assessment (EIA), a norm for provide auto environmental clearance to all types of real estate projects in India.
Hyderabad realty heaves a sigh of relief
Feb 20, 2014
HYDERABAD: The ‘sick’ realty sector in Hyderabad heaved a huge sigh of relief on February 18, with the Parliament finally giving its nod to the T bill. Developers and realtors alike, rejoiced the end of political uncertainty in the city, which they stressed was at the root of the crisis prevailing in the property market over the last few years.
Realty Scenario in City may Undergo Change
Feb 19, 2014
HYDERABAD: With the government finally passing the separate Telangana Bill, property buyers can cheer as realty prices could be in for a correction.
Apartment hunt at this FAIR!
Feb 19, 2014
CHENNAI: With property pundits forecasting a rise in real estate prices post the elections, FAIRPRO 2014 is looking to give people a shot at buying their dream home at the best prices available now. “Post election, there might be drastic changes in the market. By the end of year 2014, we expect at least 15 to 20 per cent increase in the rates. So this is the best time as people are waiting to invest their money in properties,” said Suresh Krishn, Secretary, CREDAI Chennai, on Tuesday.
Registry charges for extra facilities in housing societies set to go
Feb 19, 2014
NOIDA: The stamps and registry department has decided to reduce circle rates, especially in the group housing and commercial categories, as it has failed to achieve the annual target revenue. Senior officials of the stamps and registry department said that they were not able to generate the revenue due to a steep hike in circle rates undertaken earlier.
Noida plans to slash circle rates
Feb 19, 2014
NOIDA: The department has decided to reduce circle rates, especially in group housing and commercial categories, as it has failed to achieve the annual target revenue. Senior department officials said they were not able to generate the revenue due to a steep hike in circle rates undertaken earlier.
Vote on Account 2014: Realtors unhappy with interim budget
Feb 18, 2014
DELHI: Realty developers today expressed disappointment that interim budget did not provide any relief to the sector but hoped that steps to push growth in other industries such as automobile would boost housing demand.
New bill proposes licences for real estate brokers
Feb 18, 2014
NOIDA: The UP government has planned to draft a new law to tighten the noose around fraudulent real estate agents so that interests of homebuyers are protected. A senior official in Lucknow said that under the law dealers are required to register themselves with a local government body and obtain a license for practicing.
Correct portfolio mix can increase returns
Feb 18, 2014
DELHI: To optimize an investor's returns from a portfolio and minimize the risks in it, there should be a correct mix of investment options. And such options could include mutual funds (both debt and equity), fixed deposits (FDs), insurance, gold and real estate.
Credai Hyderabad property show to exhibit over 100 projects
Feb 14, 2014
HYDERABAD: Property prices in Hyderabad have remained subdued for far too long and there is a potential for upside once the Telangana statehood issue settles down, according to Credai, the real estate apex body.
Your Dream Home May Get Dearer
Feb 12, 2014
CHENNAI: Now flats in Chennai are likely to become a tad more costly since the Chennai Metropolitan Development Authority (CMDA) has decided to charge four times the previous security deposit from the builder while issuing planning permission.
A boost for Mumbai’s real estate market
Feb 11, 2014
MUMBAI: For more than five lakh residents, the Supreme Court’s decision to remove the forest tag from huge tracts of land spread over Mumbai, has brought an end to their sleepless nights. The apex court has quashed all prior notices and orders regarding encroached forest land issues, in the last nine years, about the various areas bordering the Sanjay Gandhi National Park in Mumbai.
Commercial rentals low in city
Feb 08, 2014
BHUBANESWAR: The commercial rents are hovering around Rs 100 per sq ft even in the posh localities like Janapath, said Sanjay Kumar Jha, Secretary of Real Estate Developers Association of Odisha (REDA). Forum Mart, BMC Bhawani Mall, Pantaloons Mall, Idco Towers, and Fortune Towers are some of the prominent commercial properties in the city.
Gujarat Confidential: Helping hand
Feb 06, 2014
AHMEDABAD: Helping hand-Vadodara Mayor Bharat Shah turned Good Samaritan on Tuesday by lending a helping hand to victims of an accident. In the morning, while he was on his way to a private function, Shah witnessed an accident that involved a straight collision of about five vehicles on the Jail Road. An auto-rickshaw carrying two lady passengers suffered the maximum impact, with the women sustaining grievous injuries. Shah, who was also accompanied by BJP city president Bharat Dangar, immediate
Supreme Court verdict on private forest to pave way for real estate development: Credai
Feb 04, 2014
MUMBAI: The Supreme Court's direction to the Maharashtra government to remove "private forest" tag attached to huge land parcels across the state is likely to give a push to development of real estate in such vacant areas, according to real estate developers' body Credai.
‘Repo rate hike will intensify realty crisis’
Jan 30, 2014
HYDERABAD: The Confederation of Real Estate Developers’ Associations of India (Credai) has expressed concern over the RBI decision to increase the repo rates by 25 bps to 8 per cent in the monetary policy review.
'RBI's hike in key interest rate to hit property market'
Jan 29, 2014
DELHI: The Reserve Bank's hiking the key policy rate today will hit property sales, particularly in the residential segment, real estate developers said while expressing disappointment at the move.
Repo rate hike will deepen crisis in real estate: Credai
Jan 29, 2014
HYDERABAD: The Confederation of Real Estate Developers’ Associations of India (Credai) has expressed concern over the RBI decision to increase the repo rates by 25 bps to 8 per cent in the monetary policy review.
Housing market set for positive growth in city’
Jan 29, 2014
TIRUCHI: Although the economic slowdown has resulted in poor demand for housing properties in the city last year, there are signs that the market is on the road to revival, say members of the Tiruchi chapter of Confederation of Real Estate Developers (CREDAI).
RR rates: Credai seeks clarity
Jan 27, 2014
PUNE: Developers in the city are mulling an all-out effort to convince the state government lower the ready reckoner (RR) rates and make the methodology of calculating those transparent.
Valuation of built-up space for houses & offices corrected in Salt Lake area of West Bengal
Jan 26, 2014
KOLKATA: The finance department of the West Bengal government has corrected the valuation of built-up space in certain localities of the city and its periphery for residential sector as well as for offices in Sector V of Salt Lake.

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