Latest Realty News

Mumbai govt to help acquire land for cluster redevelopment
Nov 25, 2013
MUMBAI: Occupants of unauthorized flats and shops will be legally rehabilitated as part of the state government new cluster redevelopment policy. Critics said this sop is a virtual indictment of the government, which has failed to curb illegal constructions.
Is Mumbai a buyer’s market?
Nov 25, 2013
MUMBAI: Mumbai’s real estate segment has historically been red hot, something that is the aspiration of millions. The island city with less supply and more demand and the ever increasing migration, only meant that even if the market deviated from the conventional wisdom of economics in demand and supply dynamics, it still would be a sellers’ market. The price index, demand-supply gap, inventory and all other indicators collectively lent credence to this school of thought. Moreover, the island ci
Part I: Should you buy a new or a resale flat?
Nov 22, 2013
MUMBAI: Should you buy a new flat or a resale? There appears to be no easy answer to this question. People buy resale flats instead of new ones for various reasons. Sometimes, a certain location just does not offer suitable options in the primary market.
Part II: Should you buy a new or a resale flat?
Nov 22, 2013
MUMBAI: Assuming that a buyer learns of both new and resale options in the location of choice, it is important to understand the benefits of opting for the former:
Illegal buildings – A sad reality in Mumbai
Nov 21, 2013
MUMBAI: The problem of illegal buildings in Mumbai – and their impact on the existence of Mumbai’s citizens and organizations, as well as its real estate market – is not a recent phenomenon. In fact, it is as old as the BMC itself. Whether they were the result of corruption and collusion or lack of vigilance of, the issue has always persisted in what is India’s financial capital, which is also the country’s most space-challenged city.
Sahara’s properties overvalued, SEBI tells apex court
Nov 21, 2013
DELHI: The Securities and Exchange Board of India told the Supreme Court on Wednesday that Sahara group overvalued its properties and did not hand over all original title deeds of assets worth Rs 20,000 crore as per its direction.
Campa Cola razing to go ahead despite rains
Nov 21, 2013
MUMBAI: The civic body has resolved to commence the demolition of the illegal flats in Campa Cola compound after May 31 irrespective of the monsoon. Still, the society residents are clutching at straws, hoping to exhaust all legal options before that day arrives.
Kolkata real estate: end users drive property prices
Nov 21, 2013
KOLKATA: Kolkata is one of the very few real estate destinations where demand by end users is driving the prices of properties.
Noida Extension: the real estate hot spot
Nov 20, 2013
DELHI: Noida Extension a 4,000-acre land chunk, with Ghaziabad, the Hindon River and a few sectors of Greater Noida around its boundaries, is today buzzing with activity as almost 75 real estate developers are ready with a slew of projects offering 1/2/3 BHK housing properties at affordable rates.
Noida Extension: the real estate hot spot
Nov 18, 2013
DELHI: Noida Extension a 4,000-acre land chunk, with Ghaziabad, the Hindon River and a few sectors of Greater Noida around its boundaries, is today buzzing with activity as almost 75 real estate developers are ready with a slew of projects offering 1/2/3 BHK housing properties at affordable rates.
Evacuee property owners in NCR get more time
Nov 17, 2013
DELHI: The state government has decided to give one more opportunity to the occupants of rural and urban evacuee lands and properties. They can now file their claims to concerned tehsildar for transfer of land in their name within a period of three months from November 1, 2013 to January 31, 2014.
Occupants of evacuee properties get chance to file claim
Nov 16, 2013
CHANDIGARH: Haryana government today said it has decided to give one more opportunity to occupants of rural and urban evacuee lands and properties to file their claims for transfer of land in their name latest by January 31, 2014.
Increase Of TDR Catches Mumbai Real Estate Off-Guard
Nov 16, 2013
MUMBAI: The sudden rise in the TDR price has taken the market unawares, despite the fact that such a rise was likely because not much of TDR generation was taking place. Effectively, TDR prices have now doubled, and such a steep rise was not expected. The current price of TDR is now around INR 4000 per sq ft.
Seashore money invested in Govt projects: BJP
Nov 16, 2013
BHUBANESWAR: The deposited money with the Seashore Group by the investors has been used in many public projects by the Government illegally against the interest of the depositors. In a joint venture with the Government, the money was invested in the OTDC and health projects of the State. Besides, a major portion has been spent in the beautification of river bank of Cuttack, alleged State BJP spokesperson Sameer Mohanty in a Press release here, asking if the money could be returned to the investo
Mumbai Residential Property – Striking A Balance
Nov 15, 2013
MUMBAI: Mumbai has a high residential inventory of 67,000 units, equal to sales of 34 months. While the underlying demand is strong, it is not being converted into transactions due to the high property prices. From a developer’s point of view, low absorption is a source of worry; however, due to high costs of land acquisition, raw material, labour, finance and new costs such as fungible FSI, lowering prices beyond a point seems difficult. Is there a way to end this stalemate?
AT Group property may also be liquidated
Nov 15, 2013
BHUBANESWAR: Like Seashore case, the Commissionerate Police may also urge the State Government for liquidation of Artha Tatwa (AT) company’s properties in order to refund duped investors’ money according to the Odisha Protection of Interests of Depositors (in Financial Establishments) Act, 2011, sources said.
New sectors drive demand in Noida
Nov 13, 2013
DELHI: The recent times in the realty sector of Noida have seen an upsurge in demand for the upcoming sectors. Sectors like 74, 76, 77, 120 and 121 have witnessed good demand. A lot of new residential projects have been launched in the last few years and buyers have shown keen interest in the projects present in these sectors.
Luxury is the way of life for young home buyers
Nov 09, 2013
DELHI: In India, real estate industry is bringing ample investment opportunities in the market. With improving standard of living, changing demographics and better availability of loans, demand has undoubtedly grown in the last five years.
Ahmedabad:A city that supports realty with infrastucture
Nov 08, 2013
AHMEDABAD: At a time when developers across the major property markets of India, such as Delhi and Mumbai, are complaining about poor infrastructure, Ahmedabad is probably the only major city where developers are not. With the government focusing on investment and improving infrastructure, Ahmedabad and other cities in Gujarat, like Vadodara, are poised to grow vertically, as well as horizontally.
Housing options in Bangalore suburbs finding more demand
Nov 08, 2013
BANGALORE: The city’s focus is shifting to the peripheries too with commercial and industrial development, followed by residential spread owing to the increasing employee population, and upcoming retail and social infrastructure. With the extension of civic infrastructure to the far-flung localities and with a particular focus on road infrastructure, certain suburbs are gaining in prominence due to the good road network, social infrastructure and larger, more economical housing options as compar
A new law must to protect flat buyers’ interest
Nov 08, 2013
MUMBAI: The Campa Cola case highlighted the lack of law to protect hapless flat buyers, said legal experts.
No progress in making building approvals public
Nov 06, 2013
MUMBAI: It was in 2009 that the then municipal commissioner Jairaj Phatak introduced a system whereby all building plans would be submitted on a compact disc and permissions and concessions granted online. The approved plans then were to be displayed on the BMC’s website for citizens to know what had been sanctioned.
Premium housing prices may fall soon on inventory pile-up
Nov 05, 2013
MUMBAI: Investors can look forward to premium housing units getting cheaper by up to 20 per cent and gold prices rising significantly this festive season, says a financial advisory firm.
Kerala developers going for Crisil star ratings
Nov 05, 2013
KOCHI: As the realty sector faces tough times, more developers from Kerala are going for Crisil 7 star rating. The 7 star rating is the topmost real estate project rating given by Crisil.
Godrej Properties reports 5% rise in Q2 profit
Oct 31, 2013
MUMBAI: Godrej Properties, the real estate arm of the Godrej Group, has posted a net profit of Rs 34.25 crore for the second quarter ended September 30. This was 5 per cent up from Rs 32.58 crore posted in the year-ago period.

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