Latest Realty News

Credai creates forum for global exposure
Sep 25, 2013
PUNE: The Confederation of Real Estate Developers Associations of India, Pune Metro, has created an International Business Forum (CIBF) for its members to interact with companies and consultants in other countries with a view to promote trade, technology and knowledge exchange among developers.
Skyscrapers changing the face of Pune
Sep 25, 2013
PUNE: Pune’s growth and development has coincided with the boom of the IT industry. From the erstwhile bungalows and row houses, its skyline was defined by 35-metre apartment developments in the late twentieth century and is now seeing skyscrapers tall enough to capitulate Pune to the ‘developed cities’ club. Besides, the vertical developments have helped in freeing the available ground space, providing better scope for landscaping and economising of services in comparison to any other normal de
‘Infrastructure should match realty growth’
Sep 25, 2013
PUNE: Real estate development is happening in the city at a steady pace, but the municipal administration will have to match this progress with infrastructure development so that there is no mismatch between growth of construction and civic amenities, said real estate developers on 22.
Metro boost, new affordable localities keep Chennai real estate active
Sep 21, 2013
CHENNAI: As Chennai eagerly awaits the advent of the city’s Metro rail services, the real estate industry too, watches with bated breath. As the rapid transit services roll out in phase after phase in city after city, both transport corridors and real estate have had a love-hate relationship with each other.
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.
Non-resident Gujaratis wary of investing in realty sector
Sep 20, 2013
AHMEDABAD: Contrary to the belief that the depreciating rupee will bring in investment from non-resident Indians (NRIs) into the real estate industry, Gujarat has seen up to 50% decline in investment by global Gujaratis this year from three years ago.
A square look at the revised Land Acquisition, Rehabilitation and Resettlement Bill
Sep 20, 2013
MUMBAI: The Land Acquisition Bill, which the new Bill now supersedes, is a century-old law with many archaic elements and loopholes. The new Land Acquisition Bill essentially champions the cause of the marginalised section and puts in place many safeguards and checks. The Parliament has now passed the new Bill with amendments such as exclusion of irrigation projects from the compulsory Social Impact Assessment study within a period of six months from the date of acquisition, and tweaks in Clause
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.
SBI surprises with rate hike on home loans
Sep 20, 2013
DELHI: Home loans have become costlier with State Bank of India (SBI) hiking its benchmark rates and revising the pricing in retail loans. The bank has also raised its deposit rates to increase the pace of fund mobilisation.
Budget housing finds demand in Bangalore South
Sep 20, 2013
BANGALORE: From housing some of the oldest localities in Bangalore, the south has stretched far beyond to witness development up to Hosur. The main factor pushing growth has been the proliferation of the IT/ITeS sector in this belt. Civic projects such as the Hosur Road expressway, the upcoming Metro line, good social infrastructure and lower land cost towards the peripheries have led to residential development along this corridor. Some of the localities that have come into focus are J P Nagar,
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.
Rush for holiday homes pushes up realty prices
Sep 18, 2013
CHENNAI: The upper-middle class families’ desire to own holiday homes where they can unwind on weekends is driving realty prices up in many hill stations and coastal locales within driving distance from metros. With 8% to 12% appreciation per annum, many holiday home locations in the country are comparable or better off than some of their urban counterparts that are constrained by space limitations, says realty consultant Jones Lang LaSalle (JLL).
Beneficiaries smile ear-to-ear as PM Manmohan Singh gives them key to house
Sep 16, 2013
CHANDIGARH: A beaming Akhtar Ali showed with pride the keys of the one-room tenement that he and his wife had received from Prime Minister Manmohan Singh on Saturday. A resident of a colony in Sector 52, Ali was among the 10 beneficiaries who received the keys Saturday. Several hundred others keenly inspected the houses that they were to be allotted.
Does Vasai-Virar have the potential to become an independent city?
Sep 16, 2013
MUMBAI: With a corporation area of roughly 383 sq km and another 500 sq km of Taluka area, the Vasai-Virar region is being touted to become a city in itself. However, does having a large area alone suffice to convert a region into a self-sufficient city? It takes proper social and physical infrastructure along with well-developed connectivity to render a locality self-sufficient. With the inception of the Vasai-Virar Municipal Corporation (VVMC) in 2012, the Vasai-Virar region holds huge potenti
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.
PCMC to conduct audit of civic buildings
Sep 13, 2013
PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) will conduct a structural audit of its properties that are more than 30 years old. The assessment of other important civic properties will be carried out in the second phase.
Kolkata: Premium segment hit but no dip in prices
Sep 13, 2013
KOLKATA: Small builders are feeling the heat. Many are offering 5%-7% discounts to recover money stuck in projects. The top end of the market where apartments cost over Rs 1 crore has witnessed a softening.
Jaipur’s property scene is not in pink of health
Sep 13, 2013
JAIPUR: Five years after a turbo-charged growth that saw property prices more than double, realty developers say the slowdown is beginning to trigger a price correction. Rates can come down by 10% in the short term and the market will remain stagnant for 12-18 months.
Post – IT boom, 60000 units unsold in Bangalore
Sep 13, 2013
BANGALORE: This city has over 700 residential projects comprising apartments, villas, row houses and plots amounting to 1.82 lakh units under development. An inventory of roughly 60,000 units remains unsold. Of these 80% are apartments and 10% plots, property consultant L J Hooker says.
Mumbai’s realty sees no big price cuts soon
Sep 12, 2013
MUMBAI: In early 2013, a central Mumbai realtor’s son was set to join his father’s business. Then, the slowdown set in. The family patriarch asked the youngster to go abroad for higher studies. “For 8 years, real estate provided stability and growth. Now, it’s struggling.
Realty bites: Chennai sales not express
Sep 12, 2013
CHENNAI: The first residential realty market to rebound in early 2010 from the 2008 slump experienced a 200% plus appreciation over the past three years. But Chennai isn’t insulated from the present downturn. Builders, who a year ago sold 30 to 40 suburban units a month are struggling to touch double digits.
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.
Green Tree launches GreennTown in Chennai
Sep 11, 2013
CHENNAI: Green Tree Homes & Ventures Pvt. Ltd., one of the leading real estate developers in the state, today announced the launch of its premium value housing project, GreennTown.

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