Latest Realty News

30% more housing plans launched in Mumbai this year
Sep 11, 2013
MUMBAI: Mumbai witnessed the launch of nearly 18,000 housing units between January and June, an increase of 30% compared to the same period in 2012, said a quarterly report by global property consultants Cushman and Wakefield.
East Delhi colony to get freehold rights
Sep 10, 2013
DELHI: As many as 144 families displaced after partition, who had been campaigning for full rights to plots given to them in the 1950s, have won their long and arduous battle. Delhi Development Authority on September 9 announced that families who were given plots after 1950 in east Delhi’s Jheel Khuranja area will now have freehold rights.
What happens if a lender takes over a housing project?
Sep 10, 2013
KOLKATA: Last month, the State Bank of India took over a housing project in Kolkata because the developer had defaulted on repayment of dues to the tune of Rs 176 crore. The Teen Kanya project was promoted by the Bengal Shelter Housing Development, a joint venture in which the state housing board has 49% stake. Therefore, its repossession by the SBI has come as a shock for the 400-odd families that have invested in the project.
Moving to suburban Thane for a quality life
Sep 09, 2013
MUMBAI: A city apartment blocked by high-rises and smoke screen from the constant construction frenzy and congested streets, or a spacious suburban layout staring into a lush green cover with a slice of cosmopolitan urban lifestyle.
Highways charts out route for vital OMR-ECR road link in Chennai
Sep 09, 2013
CHENNAI: The highways department has finalised the alignment of the new link road between East Coast Road (ECR) and Old Mahabalipuram Road (OMR). The final decision was made by a steering committee with top officials from the highways, Chennai Metropolitan Development Authority (CMDA), Chennai Corporation and police.
Mumbai’s long wait to replicate Manhattan, gets longer
Sep 07, 2013
MUMBAI: Perhaps no other ambitious urban infrastructure project that has been touted as a game changer, has waited for more than 30 years, yet has had no takers, with a future that is delayed, if not denied. The Mumbai Trans Harbour Link (MTHL) project has been under consideration for the last 30 years to develop the island city the way Manhattan in the US has been developed, reduce traffic congestion and grow the area surrounding Navi Mumbai.
Mumbai property rates may remain subdued in near future
Sep 06, 2013
MUMBAI: Real estate developers in Mumbai are finding it difficult to increase property prices because of rising inventory levels, subdued demand and uncertain macroeconomic environment, says credit rating agency Icra.
KMC set to widen property tax ambit
Sep 05, 2013
KOLKATA: Get ready to pay enhanced property tax as the KMC is set to send notices to taxpayers across the city for General Revaluation (GR).
Land Bill to hit project timelines, hike cost estimates
Sep 03, 2013
DELHI: Rating agency Crisil on August 30 said Land Acquisition Bill, which was passed by Lok Sabha , will lead to an increase in the gestation time of projects and overall costs.
Land Acquisition Bill will help economical use of land
Sep 02, 2013
DELHI: The Land Acquisition Bill will help in economical use of land which is a scarce commodity in the country, government on August 29 said.
Realty prices push schools to outskirts of Ahmedabad
Sep 02, 2013
AHMEDABAD: Real estate prices are pushing schools outside the AMC limits. From Bopal to Vaishnodevi Circle, several schools are springing up to cater to the increasing urbanization.
Homes in Rs 30-40 lakh budget in Navi Mumbai
Sep 02, 2013
MUMBAI: Exorbitant real esate prices in Mumbai, have pushed residential demand towards Navi Mumbai. Today, the urban sprawl into the sub-city, has crossed all limits and has resulted in realty prices shooting up in Navi Mumbai too. However, despite the growing demand and consequent rise in capital values, one can still find a home for oneself in Navi Mumbai, within the affordable range of Rs 30-40 lakhs.
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.
Regus launches new business centre in Gurgaon
Aug 28, 2013
GURGAON: Regus, the largest provider of flexible workplaces globally, today opened a new business center in Gurgaon, the country’s commercial hotspot. The new centre will provide turnkey access to businesses of all sizes and help satisfy strong demand for business-ready space in the National Capital Region (NCR).
Plan inclusive cities, say experts
Aug 28, 2013
AHMEDABAD: The National Institute of Design (NID) hosted, on August 23, an interesting discussion on what shapes the cities of India. Organized by the Goethe-Institut, India, ‘Dreams and Planning: The Case Of Cities In Twentieth Century India’ drew eminent panelists like Prof Amita Bhide and architect Romi Khosla. They spoke on the two contrasting views on what master plans mean in the Indian context.
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
WAVE city center launches Vasilia in Noida
Aug 23, 2013
NOIDA : WAVE City Center, the flagship mixed-use project by WAVE Infratech announced the launch of world class premium residency project in Noida proper (in the heart of Noida) – Vasilia.
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.
Owners of Gujarat Housing Board houses rush to apply
Aug 19, 2013
AHMEDABAD: Residents of thousands of Gujarat Housing Board (GHB) houses across the state that have constructed extra rooms are also making a beeline outside various zonal offices of municipal corporations in the state.
Check out Pallikaranai for single floors, multi-storey apartments
Aug 19, 2013
CHENNAI: If you have a budget of Rs 20 lakh to about Rs 1 crore and are looking for a residential property in South Chennai, check out Pallikaranai. With a robust supply of 2 and 3BHK units, there is enough supply of single floors and multi-storey apartments here.
Realty sector can double its share in GDP to 13% by 2025
Aug 12, 2013
DELHI: The realty sector can more than double its contribution to GDP to 13 per cent by 2025 on rising housing demand, if the government removes bottlenecks in infrastructure, lowers borrowing cost and makes process of approvals shorter, global property consultant CBRE said.
Real estate booms on Chennai’s outskirts
Aug 06, 2013
CHENNAI: The real estate sector is going through a dull phase with people hesitating to invest on apartments or land on the outskirts of the city, but some areas abutting the Outer Ring Road (ORR) have seen good appreciation in recent times.
Commercial space rates shoot up in Vijayawada
Aug 01, 2013
HYDERABAD: Around 270 km east of Hyderabad, the city of Vijayawada on July 31 witnessed an immediate ripple effect of Congress’ ‘Jai Telangana’ call. Owners of commercial spaces in the ‘land of victory’ were found quoting as much as Rs 50 per square feet (sft) for properties which, until a few days ago, were up for grabs at a meagre Rs 15 per sft. Reason? The intense speculation about the city emerging as the largest business hub, if not capital, of the new Andhra Pradesh state.
Real estate prices to rise after Telangana creation
Aug 01, 2013
MUMBAI: After a four-year hiatus, residential real estate prices are set to rise at a relatively faster pace in Hyderabad with the likely resolution of the Telangana issue.

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