Latest Realty News

Uncertainty over Navi Mumbai airport impacts Ulwe’s real estate
Oct 30, 2013
MUMBAI: The state of uncertainty over the proposed Navi Mumbai International Airport has put the real estate market at Ulwe node, in shambles. It is mainly on the back of this project, home buyers have been showing interest in the area but now that there have been talks to scrap the project, there is a reason for property buyers to get jittery.
Bhiwadi is the boomtown in the desert
Oct 30, 2013
DELHI: Bhiwadi, a typical Tier II city, promises value for money to investors and end users alike. The town is adequately equipped to handle the huge demand for affordable housing, coming from the work force employed in various industries here.
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.
Bangalore: From global back office to a work and live hub
Oct 28, 2013
BANGALORE: In the early 1990s, when Electronics City was in its nascent stage, there were many who thought Infosys was a bus company, as buses emblazoned with the company’s name became ubiquitous, as they ferried employees from home to work and back.
What isn't your investment?
Oct 25, 2013
MUMBAI: Have you ever considered whether you have become a crorepati after the price of your house rose 50 per cent in two years? Or, whether you have Rs 10 lakh of family jewellery?
Chembur: MMR’s best foot forward
Oct 25, 2013
MUMBAI: Located between South Mumbai on one side and Navi Mumbai on the other, Chembur enjoys seamless connectivity in the form of the Eastern Freeway and Monorail towards the southern parts of the city
Porur registers 40% increase in prices in 2 years
Oct 24, 2013
CHENNAI: A 1,000-sq ft apartment in a multi-storey project, which was selling at Rs 35 lakh until September 2011 in Porur is now available for Rs 50 lakh, as per MagicBricks.com Research. The locality has registered almost 40 per cent growth in prices, in the past two years.
Livability and connectivity drive real estate in Vadapalani
Oct 24, 2013
CHENNAI: With residential options ranging from multi-storey apartments to builder floors available within a wide budget of Rs 50 lakh to Rs 2 crore, Vadapalani is one of the most preferred residential locations in Central-west Chennai. Let’s take a closer look at what makes Vadapalani a locality of choice.
NSEL accused face attachment of property
Oct 23, 2013
MUMBAI: National Spot Exchange Ltd’s promoters, directors and defaulters now face attachment of movable and immovable properties from the economic offences wing (EOW) of the police here, in connection with the Rs 5,600-crore payment disputes case.
Real estate in twin cities of Hyderabad & Secunderabad
Oct 22, 2013
HYDERABAD: Real estate in twin cities of Hyderabad and Secunderabad in the last decade has witnessed both vertical and horizontal growth. One can find a property that suites his or her requirements and budget.
Soon, hi-tech tests to spot unsafe buildings in Mumbai
Oct 21, 2013
MUMBAI: In a first, some of the city’s dilapidated structures like schools and hospitals will undergo ultrasonic pulse testing and 3D scanning to detect where structural flaws lie.
Dwarka sub-city residents prefer moving to larger homes within locality
Oct 19, 2013
DELHI: Dwarka sub-city is mainly an end-user driven market with the whole infrastructure up and running. It is well-connected with Metro Rail and airport, and a destination of choice for home buying.
Build on a decent foundation
Oct 19, 2013
MUMBAI: The Securities and Exchange Board of India (SEBI) has put up SEBI (Real Estate Investment Trust) Regulations, 2013 for public comments.
PMC to check 50k residential properties for commercial use
Oct 18, 2013
PUNE: Nearly 50,000 properties in the city will be screened from November for commercial use of residential properties. The civic administration hopes to increase property tax revenue by Rs 50 crore.
Mumbai Real Estate: Is a Leasehold Property Better Than Freehold?
Oct 18, 2013
MUMBAI: A leasehold property defines the status of the land on which the property is built. Leasehold land on which construction takes place is ordinarily on long-term lease of 99 years onward. Specific to residential property on leasehold land, one may use the example of the MMRDA’s Wadala development plan, wherein the land is given on long-term lease to various developers who can sell the units constructed on an outright basis. The developer ordinarily pays a substantial value for the long-ter
Festive season is the best time to buy house
Oct 17, 2013
DELHI: The festive period, even after Navaratra is past, will continue for another couple of months. Generally, property market gets a boost as realtors offer festive deals to cut inventory.
Allotment of commercial properties put on hold in Noida
Oct 17, 2013
DELHI: The Noida Authority has temporarily suspended allotment of 30 commercial properties, including two plots meant for malls in Sectors 2 and 61, for defaulting on payments amounting to about Rs 200 crore. Officials said sub-lease, mortgage and construction permission to the defaulters will also be banned. The Authority has warned of cancelling allotments of 20 more commercial properties.
866 govt flats to be allotted this Diwali by Noida Authority
Oct 17, 2013
DELHI: This Diwali the Noida Authority has planned to allot 866 flats in the middle-income group, high income group, low-income group and economically weaker sections categories. A senior Authority official said around 600 flats, located in Sectors 55, 66, 71, 73, 93, 110 and 135, are of the LIG and EWS categories.
No enhancement fee for alternative plots allotted by HUDA in Gurgaon
Oct 17, 2013
DELHI: Good news for those who were given possession of alternative plots instead of the original HUDA plot allocated to them. Now, they can avoid paying the enhancement fees in their sectors if they were originally given plots in sectors where no enhancement was demanded.
Karnataka Govt to issue ordinance to regularise illegal buildings
Oct 17, 2013
BANGALORE: The Karnataka government on October 11 decided to promulgate an ordinance to regularise bylaw deviations in residential and commercial buildings in urban areas of the state by collecting penalty, from the date of its assent by the Governor.
Delhi NCR residential property pricing – festive season update
Oct 16, 2013
DELHI: Over the last two quarters, the residential property market in South Delhi has shown only marginal appreciation in capital values and rentals. This could have more to do with the recent upward revision in circle rates in various zones than anything else. Supply and demand dynamics in South Delhi have been more or less constant, and the revision in circle rates has resulted in larger cheque amounts and lower potential for offloading cash in real estate transactions. This has, in fact, acte
Mhada may redevelop its 125-acre colony
Oct 16, 2013
MUMBAI: Mhada may redevelop its humungous Motilal Nagar Housing Colony in Goregaon (W) on its own. The plan was discussed during a Mhada meeting on October 15. Spread over 125 acre, the colony comprises 3,700 ground-level tenements built by Mhada three decades ago. Each tenement, about 180 sq ft, was first given on rent and then subsequently sold for under Rs 50,000 in the early 1980s. Under the redevelopment plan, every family will be entitled to receive a 600 sq ft flat free of cost.
80% of Bangalore’s buildings have violations
Oct 15, 2013
BANGALORE: The cabinet’s green light to Akrama-Sakrama will bring cheer to thousands of property owners in Bangalore and other cities and towns. The major beneficiaries will be large apartment complexes and big commercial buildings that have violated rules over the years.
Get set for property ownership card in Bangalore
Oct 15, 2013
BANGALORE: This could well be the best thing to happen for lakhs of property owners in Bangalore — an all-in-one property card. To curb duplication of khatas, the government has finally embarked on the Urban Property Ownership Record (UPOR) project.
Bank premises charged four times more property tax than bars
Oct 15, 2013
MUMBAI: Owners leasing out properties to banks will have to cough up more than four times the property tax paid by bars under the BMC’s new capital value-based system. The new tax is almost twice of what is applicable to a five-star hotel and nearly 20 times more than that for a residence.

Latest Realty News Of State

Realty Talk's