Latest Realty News

Perungudi: A good investment option for mid-segment home buyers
Sep 21, 2013
CHENNAI: If you are looking to buy property in the budget range of Rs 60-70 lakh, Perungudi can be the end of your search as the locality offers a number of housing options. With factors like well-built social infrastructure, proximity to IT companies and seamless connectivity, Perungudi comes across as an ideal destination for an end-user. Here’s why:
Disappointed by RBI? Take steps to reduce home loan burden
Sep 21, 2013
MUMBAI: Home loan borrowers are disappointed after the Reserve Bank of India (RBI) hiked the repo rates by 25 basis points (100 bps = 1%) on 20th September. However, financial planners feel it is too early to predict whether banks will increase interest rates on home loans again, as many major banks, including State Bank of India, have raised rates only recently. “This is probably the first time that measures like these (reduction in the MSF rate, with simultaneous increase in repo rates) have b
Festive season offers on the cards
Sep 21, 2013
BANGALORE: The festival season is here. Navarathri begins in October, followed by Dasara and Diwali. The festive season continues till the end of the year. This period is considered auspicious for new projects, including purchase of property. Banks and housing finance companies make best use of this buoyant phase. Banks are expected to launch special schemes during the season. In the festive season, banks witnesses a growth in retail loans.
RBI and Finance Minister mull cheaper home loans
Sep 20, 2013
DELHI: With little headroom to cut interest rates, the finance ministry and the RBI are considering a plan to give cheaper funds to banks to lend to the housing sectors as the festive season approaches. “The finance ministry is evaluating a scheme launched by the Bank of England wherein it provides funding to banks and building societies at lower rates,” a ministry official said.
Strong fundamentals behind more launches in Mumbai
Sep 20, 2013
MUMBAI: At a time when the economic slowdown has severely affected new launches in many property markets across India, Mumbai has seen the maximum launches in the first half of 2013. This shows without a doubt that the fundamentals of the city are still strong, making it a very resiliant property market. Even the NRIs prefer to bet on a matured market like Mumbai, compared to any other emerging market, due to the fact that the island city is the financial capital of the country. The overall real
It’s in North Bangalore where all the action is
Sep 18, 2013
BANGALORE: Smart growth is the buzzword for cities struggling to overcome the horrors of urban sprawl. ‘New guard’ urban planners at the Rio de Janeiro United Nations Conference on Environment and Development while accepting that growth and development would continue to occur, sought to put in place sustainable communities that are good places to live, to do business, to work, and to raise families. The aim was to facilitate residents’ access to quality education to livable, safe and healthy pla
Music bands in Pune help recover property tax dues
Sep 18, 2013
PUNE: The civic property tax department’s initiative to play music outside defaulters’ properties has yielded Rs 8 crore in the last six days, with many of the defaulters coming forward to pay the dues.
Spectre of bubble-burst looms over housing sector
Sep 17, 2013
MUMBAI: The year was 2007. The real estate market, like the Indian economy, was on a roll. And Manish Khanna was busy house-hunting in Mumbai. His weekends were spent looking for an affordable deal in a good locality.
Land buying can be a tricky affair
Sep 14, 2013
DELHI: Buying a piece of land and building their first home is the biggest dream harboured by many Indians. So, when Prabhat told his mother that he was buying a plot of land, she was proud of him, something she did not feel when he had invested in a flat.
Bangalore CBD more in demand after metro connectivity
Sep 13, 2013
BANGALORE: The city’s Central Business District (CBD) seems to be at the focal point of commercial activity yet again, post the Metro construction blues. The M G Road and surrounding areas once considered the hub of retail and office space of the city faced competition from the micro-markets that emerged along the Outer Ring Road (ORR) and the IT corridor.
New generation of homebuyers flock Thane for best options
Sep 13, 2013
MUMBAI: Thane was earlier considered as an extended suburb of Mumbai. Now, it has evolved into a self-sustained city in itself. The high levels of demand for housing in Thane have also necessitated vertical development, since Thane will be witnessing serious real estate growth in the coming years.
Ansal Properties sales booking down 23% at Rs 558 crore
Sep 11, 2013
DELHI: Realty firm Ansal PropertiesBSE 5.30 % and Infrastructure today said its sales bookings fell 23 per cent to Rs 558 crore during the first quarter of this fiscal due to lower realisation compared with the year-ago period.
Plots steer Hinjewadi realty, rental values go south
Sep 11, 2013
PUNE: Are you looking to buy a plot in Pune at affordable rates? Hinjewadi – the well known IT hub of the city, showcases a promising picture. Once looked upon as a slow-moving hamlet, Hinjewadi is currently offering plots within the range of Rs 40 lakhs. Plots within the budget of Rs 40 lakhs registered 60 per cent supply in the April-June 2013 quarter. Plots in the range of Rs 40-60 lakhs registered a supply of 13 per cent.
HC dismisses 'delayed' plea against land acquisition
Sep 07, 2013
ALLAHABAD: The Allahabad High Court on Wednesday dismissed a writ petition challenging acquisition of land for construction of Inner Ring Road at Agra on the ground of delay. The petition was filed two years after the notification for acquisition of the land was issued.
Realty players use social media to tap Net-savvy NRIs
Sep 02, 2013
DELHI: The depreciating rupee has turned out to be a blessing in disguise for big-ticket properties across India. With properties almost 30 per cent cheaper for non resident Indians (NRIs), real estate majors have stepped up their efforts, hitch hiking on social media and marketing premium deals to net-savvy NRI customers.
An integrated township encompasses all aspects of modern day living within a secure gated community
Aug 30, 2013
PUNE: A homebuyer in an integrated township can be assured of a vastly improved quality of life. Away from the chaos of city life, integrated townships promote holistic living and appeal to every age group – the young, the middle-aged and the elderly. More and more homebuyers are opting for township projects today because of the numerous benefits they offer.
Pune’s Magarpatta belt offers quality and affordable housing
Aug 29, 2013
PUNE: Situated on the eastern side of Pune, Magarpatta is close to the Kharadi EON IT Park, Kalyani Nagar, Koregaon Park, Fatima Nagar and the Hadapsar Industrial Estate. Crossing the north main road towards Koregaon Park Annexe and approaching Mundhwa Road, the new DP Road will connect Koregaon Park to Magarpatta.
Godrej Properties increases the size of its Panvel project
Aug 27, 2013
MUMBAI: The Mumbai-based real estate developer adds 37 acres to its existing township project in Panvel, Mumbai Godrej Properties Ltd. (GPL) (BSE scrip id: GODREJPRP), the real estate development arm of the Godrej Group, today announced that it has entered into an agreement to develop 37 acres in Panvel. This new area is in addition to and is contiguous with the 110 acres project the company had added to its portfolio in FY 13. It will be developed in partnership with the same landowners and at
Real estate boost for Baner-Balewadi in Pune
Aug 27, 2013
PUNE: The state government has converted reservations on 166 hectare land earmarked in the Baner-Balewadi Development Plan (DP) into residential purpose making way for more constructions in the area. The state has vacated 136.59 hectare town planning scheme reservation and 30 hectare reservation for biotechnology and agri-business zone. Now the de-reserved land could be used for residential projects.
Offering affordable housing: Chakan, Pirangut and Moshi
Aug 27, 2013
PUNE: With affordable housing options reducing in many real estate markets of big cities, Pune is one city that is still offering homes that fit smaller budgets. According to industry players, 70 per cent demand in the segment is for affordable housing while 30 per cent is for high-end or from the upper middle-class segment in Pune. Localities such as Chakan, Moshi and Pirangut, are largely catering to this demand. As per research from, these localities offer properties within th
Highrises in Mumbai need Met nod
Aug 27, 2013
MUMBAI: Developers building skyscrapers over 70 metres high (20 floors) in the island city now face another hurdle to get their plans approved. In perhaps a first in the city, the regional meteorological centre has lopped off the height of two proposed towers by half because they could have interfered with the new Doppler weather radar installed on top of the 18-storey Archana building in Navy Nagar three years ago.
Now, pay property tax at banks in Bangalore
Aug 21, 2013
BANGALORE: Tired of standing in serpentine queues at BBMP offices and BangaloreOnecentres to pay property tax? Now you can pay at computerized kiosks in several banks.
Small apartments see high sales in Chakan, Moshi and Pirangut
Aug 21, 2013
PUNE: With the presence of IT companies, educational institutes and organisations from other industries, the residential market in pockets like Chakan, Moshi and Pirangut have grown exponentially. The influx of young people who have moved to the city for jobs or studies, are driving the demand for smaller apartments.
BIL records 58.33% increase in net sales
Aug 16, 2013
Mumbai: Bhartiya International Limited, India’s leading fashion and lifestyle house, announced 58.33% increase in its Net sales to Rs 67.85 crore for the quarter ended June 2013 compared to Rs. 42.85 crore of the corresponding quarter of last year.
Cyber city of Gurgaon rules the realty roost
Aug 14, 2013
DELHI: Gurgaon and Manesar continue to be the hub of real estate activities in the NCR region. Despite the slowdown in the economy, demand for residential and commercial real estate in these sub-cities has not been affected appreciably.

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