Latest Realty News

Cost-push Land Bill will push back growth: CREDAI chief
Sep 02, 2013
MUMBAI: Apprehending that the home and project prices will skyrocket with the implementation of the Land Acquisition Bill, developers’ apex body CREDAI national Chairman Lalit Kumar Jain said it could at best be a “feel good “rather than a development booster.
Credai study to assess demand-supply scenario at Hyderabad
Aug 30, 2013
HYDERABAD: The Confederation of Real Estate Developers’ Associations of India (Credai) Andhra Pradesh Chapter is commissioning a study to assess the demand-supply situation in the real estate sector in the rapidly expanding metropolis of Hyderabad.
‘Real Estate Regulation and Development Bill 2013 a positive step’
Aug 30, 2013
MUMBAI: The National Real Estate Developers’ Council (NAREDCO) wants rules and regulations governing real estate sector to be rationalised. It said large portion of the inconsistencies emerge from archaic laws, guidelines that conflict with the development agenda of the economy, disparity in incentives given to larger projects as against the same given to smaller projects. Also, the current FDI norms also make it difficult for smaller developers to access capital easily.
Akshaya, Disney in tie-up for theme-based housing
Aug 29, 2013
CHENNAI: Chennai-based real estate developer Akshaya plans to introduce theme-based housing project in tie-up with Disney.
Builders frown on decision to stop conditional approval
Aug 29, 2013
BHUBANESWAR: Real estate developers on Wednesday sharply reacted to Bhubaneswar Development Authority's (BDA's) decision to do away with "conditional approval" of building plans of high-rises before such projects get clearances from various other agencies such as fire department, Bhubaneswar Municipal Corporation (BMC) and Airports Authority of India (AAI).
Builders hope to ride on rupee depreciation crisis
Aug 24, 2013
MANGALORE: The real estate and construction industries that are reeling under a crisis following Saudi Arabia's Nitaqat programme is hoping that the current depreciation of rupee against dollar will get them back on track.
Emaar MGF asked to refund money paid for booking plot
Aug 22, 2013
DELHI: Real estate developer Emaar MGF Land Ltd has been directed by the apex consumer forum to refund Rs 2.4 lakh to a man for "deficiency" in service in connection with booking of a residential plot in Mohali.
Pune sees many locations offering luxury housing
Aug 14, 2013
PUNE: Luxury housing constitutes two-three per cent of the total residential market in Pune. There are currently around 2,000 plus units in the market, including planned and under construction projects, within the price bracket of Rs four crores and above.
The new India wants luxury
Aug 12, 2013
DELHI: The rising demand for luxury homes has given a new face to housing concepts in India. Real estate developers are launching an array of luxury projects in metros and peripheral areas, and Tier II and III cities.
PCMC to conduct property survey
Aug 12, 2013
PUNE: The PimpriChinchwad Municipal Corporation will start a survey of properties within the municipal limits from September 1.
Pune gears up for affordable housing
Aug 10, 2013
PUNE: Affordable housing is a term we use for the residential units in India’s urban areas, which are affordably priced, with respect to the households that fall within a specific limited income range. There is no single set of parameters to define what an affordable housing unit should cost in India. This is because the pricing and feasibility of the developers of affordable housing, is a function of the city, the location within the city, the type of project being built and also the constructi
Low cost homes in East Pune
Aug 06, 2013
PUNE: East Pune localities such as Kharadi, Wagholi and Hadapsar, which offer one and 2-BHK properties in the Rs 20-40 lakh price range, are witnessing large scale consumption of residential spaces. Old residents of the city reminisce how these areas grew with the boom in real estate witnessed a decade ago. Wing Commander Atul Chandra, who has made this city his home since the late 1990s, remembers his weekly rounds to the Hadapsar sabzi mandi.
Pune civic body collects Rs 500 crore as property tax
Aug 05, 2013
PUNE: The civic administration has collected Rs 500 crore from property tax since the start of new financial year. Total 5.58 lakh property owners have paid their tax since April 1.
Real estate’s share in GDP estimated at 6.3%: Report
Aug 02, 2013
DELHI: The contribution of the real estate sector to India’s GDP has been estimated at 6.3 per cent in 2013, and the segment is expected to generate 7.6 million jobs in the same period, according to a report.
Cheaper houses to revive realty market
Aug 01, 2013
BHUBANESWAR: Realtors are banking on housing units below the Rs 25 lakh range to revive the sluggish market in the city.
Private equity in Pune’s realty segment
Jul 31, 2013
PUNE: Pune has been the fastest growing city for over a decade now, second only to the metros. It has been able to sustain this status mostly because of the well-established manufacturing sector and the thriving IT segment that has made the city its home. There is no dearth of local workers with professional qualifications as the city has numerous colleges offering courses in varied disciplines. Pune is also popular as an ideal city to reside in, not only because of the good schools and colleges
'Land, quick approvals necessary for low-cost housing projects'
Jul 24, 2013
MUMBAI: Government needs to ensure availability of land and speedy approvals for effective implementation of low-cost housing projects, real estate developers' body NARDECO said today.
Developers to built Metro parking
Jul 24, 2013
NOIDA: To address the parking space crunch to some extent, Noida Authority has asked two developers to built multi-level parking lots for 4,500 vehicles at two of the busiest Metro stations - City Center and Sector 15. The lease agreement with the developers has a provision wherein parking lots have to be developed without the Authority shelling out funds for the purpose.
Kalam roots for green buildings, efficient energy usage
Jul 19, 2013
PUNE: Green buildings, sustainable design and green architecture can ensure that the impact of constructions and infrastructure development on the environment is contained, former President APJ Abdul Kalam said at the GreenCo Summit 2013, which was inaugurated in the city on July 15. Kalam advocated continuous research by recyclers, electronic systems manufacturers and user groups to make green energy cost-effective.
Technical glitches hit registrar offices in Hyderabad
Jul 19, 2013
HYDERABAD: The registration and stamps (R&S) department is making efforts to implement the revised citizen’s charter to provide better services to the people, but technical glitches have put a spoke in the wheel. Claiming computer glitches and server problems, sub-registrar offices (SRO) are taking nearly a month to hand over registration documents (sale deed) to people, which is supposed to be done in a day.
‘Govt willing to relax norms on deemed conveyance’
Jul 18, 2013
MUMBAI: The Maharashtra government on July 17 promised a string of reforms in the existing law on deemed conveyances to give relief to thousands of flat owners in old housing societies who are eager to complete the formality of conveyance.
Hinjewadi faces an ever-increasing demand for 2-bhk apartments
Jul 17, 2013
PUNE: Hinjewadi, once looked upon as a sleepy countryside area, has been fast evolving into a real estate hotspot. The locality, situated towards the west of Pune city, offers all types of properties for every segment of the society. According to the Data residential properties such as plots and apartments in Hinjewadi, are available within a wide range of Rs 13 lakhs to Rs one crore and above.
Hyderabad: Land rate in Old City rivals posher areas
Jul 17, 2013
HYDERABAD:The swanky and exorbitantly priced commercial stretches of Jubilee Hills, Banjara Hills and Madhapur have found an unexpected but stiff competition from the streets of Old City. And the reason, realty experts say, is none other than the over 400-year-old Charminar.
Borivali-Goregaon projects: Offering décor delight
Jul 17, 2013
MUMBAI: The Borivali-Goregaon west stretch has witnessed rising property prices for the last six months. Most of the home buyers are looking for smaller sized units – 2 and 3-BHK configurations because of the rising property prices. Depending on the budget, developers are offering various décor features – both, internally and externally, in their new projects.
Pune’s smart homes revolution
Jul 17, 2013
PUNE: Over the last two decades, Pune rapidly developed a strong IT culture. In the beginning, this culture was limited to employees of the many IT/ITES parks it is home to. However, today it has touched almost everyone who lives in the city. The cyber revolution in this city is inescapable – those who do not own computers visit internet cafes to access the online world. The younger generation below the age group of 30, is defined by connectivity and these are the people who will define Pune’s f

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