Latest Realty News

5-lakh-Mumbai-families-likely-to-be-hit-by-Rent-Act-amendments
May 04, 2015
MUMBAI: A state housing department plan to amend the Rent Control Act has created panic among residents
Delhi rent act to be redrawn
Sep 28, 2014
The Centre plans to go back to the drawing board for drafting a new Delhi rent bill
Delhi HC asks Centre to clarify stand on amended Delhi Rent Act
Aug 28, 2014
The Delhi high court on Tuesday asked the new government at the Centre to clarify its stand on the implementation of the amended Delhi Rent Act, 1995
RBI to banks: Follow norms on sale/ purchase of real estate overseas
Apr 12, 2014
MUMBAI: The Reserve Bank of India on Thursday said banks should ensure that all future transactions relating to purchase/sale of real estate as well as acquiring /letting out property on lease/rental basis at overseas centres are undertaken in accordance with the board-approved policy.
Indian realty industry looks to BJP to lift fortunes
Apr 09, 2014
MUMBAI: The crisis-ridden real estate sector, feeling neglected by the United Progressive Alliance (UPA) government, is warming up to the Bharatiya Janata Party (BJP) and its prime ministerial candidate Narendra Modi to lift its fortunes. In the wake of economic instability, the realty industry has been facing severe stress with a clouded investment outlook. Its industry captains are looking forward to a strong and stable government that can put the battered economy back on rails and undertake t
Improved investment flows into logistics sector envisaged
Apr 03, 2014
MUMBAI: Investment inflows to the logistics sector have improved, following India’s economic impetus in the second half of 2013. At the same time, however, property rental values remained under pressure across certain industrial markets, according to CBRE’s latest report – India Logistics Market View – H2 2013.
Tata Steel’s 25-acre land parcel fetches Rs 1,155 crore
Mar 25, 2014
MUMBAI: Steel major Tata Steel's 25-acre land parcel in Borivali suburb of Mumbai has fetched the highest bid of Rs1,155 crore in an e-auction concluded late Monday, said three persons familiar with the development. Realty majors Lodha Group, Oberoi RealtyBSE -2.96 %, Kalpataru Properties and Tata Group company Tata Housing Development Co were in the race to acquire the property. It is believed that Tata Housing has offered the highest bid. However, this could not be confirmed independently.
Property prices cool, but home rents heat up
Mar 24, 2014
DELHI: Property prices have cooled down significantly in the last one year. So, has this led to a lower rental bill for tenants? No, rents in most cities have increased in the last 12 months, with some localities even witnessing hikes of up to 20 per cent.
Property prices cool, but home rents heat up
Mar 18, 2014
MUMBAI: Property prices have cooled down significantly in the last one year. So, has this led to a lower rental bill for tenants? No, rents in most cities have increased in the last 12 months, with some localities even witnessing hikes of up to 20 per cent.
GHMC to Upgrade Handheld Tax Bill Issuing Machines
Mar 10, 2014
HYDERABAD: Greater Hyderabad Municipal Corporation (GHMC) has so far been using handheld machines for delivering property tax bills and collecting payments from the property owners. Currently there are 398 machines in use. To take complete leverage of existing devices and infrastructure, the GHMC has decided to expand the scope of the existing application to include more features to issue demand and make collection of other taxes.
Mumbai slips in list of most expensive rental accommodation
Mar 07, 2014
DELHI: Mumbai has slipped to 28th position in the list of world's most expensive locations for high-end rental apartments sought by expats but it still remains the costliest city in India, according to HR consultant ECA International.
Which city has highest office rental?
Mar 03, 2014
DELHI: Office rentals may have seen a huge shakeup in the recent past. But New Delhi continues to rank among top 10 cities with highest rentals. On top of the heap is London.
Is it sensible to buy resale flats?
Feb 08, 2014
DELHI: Rahul was tired of shifting flats due to the ever increasing rental rates in Delhi until he decided to invest his money in purchasing a resale flat. In addition to a hefty discount, the flat came readymade with an instant-shift tag. Rahul can now spend the saved money on the interior decor and can flaunt his cheap yet elegant home to his colleagues.
Chennai, the hot spot for new retail ventures in 2013
Dec 30, 2013
CHENNAI: Establishing its position as one of India’s fastest growing markets for organised retail, Chennai accounted for over half of the new property rentals and purchases that took place in the space in January-September, 2013.
Chennai retail rentals flat in Q3
Dec 14, 2013
CHENNAI: Rental costs for retail spaces in shopping centres in Chennai have remained flat over the past year, averaging Rs 43,808 ($717) per square metre per annum in the third quarter of 2013. In contrast, property prices in nearby Bangalore appreciated 0.1 per cent year-on-year to Rs 57,800 ($946) per square metre per annum in the July-September period of the calendar year, according to real estate consultancy firm Jones Lang LaSalle’s latest ‘The Retail Index’ report.
Bungalows Versus Flats
Dec 06, 2013
DELHI: Assuming that one has the financial wherewithal for this to be an option at all, the question of whether to invest in a bungalow or a flat is indeed pertinent. In an established area of a large city like Pune, a bungalow costs a lot more than a flat. This means that the rental market for such a property shrinks proportionately.
Govt to open doors for companies to invest in low-cost rental homes
Dec 02, 2013
MUMBAI: The government plans to rope in corporates to provide low-cost rental homes on a large scale in cities and towns.
Four great reasons to buy instead of renting a home
Nov 23, 2013
DELHI: If you’ve been indecisive about buying a home and have so far preferred to rent instead, this is a good time to finally make your move. Home ownership is one of life’s greatest joys, but that is not the only reason why you should finally take the plunge. The advantages of home ownership are:
Indian rental returns among lowest globally
Nov 16, 2013
DELHI: The return on investment on residential properties through rentals in tier 1 cities in India is among the lowest in the world. The rental yields in Delhi are the lowest at around 2% while Mumbai fares better at 3.5%.
Rentals to remain under pressure on lower supply: Experts
Nov 12, 2013
MUMBAI: Decline in supply of additional office space is likely to put pressure on rental values in the coming quarters, even as the demand is expected to be moderate, industry experts say.
Rental values largely stable in Mumbai in Q3 2013, says CBRE
Nov 12, 2013
MUMBAI: Mumbai witnessed sluggish commercial leasing activity during the third quarter of 2013. The micro markets of Lower Parel, Thane and Navi Mumbai witnessed high traction and were the preferred regions for office space leasing. Rental values in Mumbai remained largely stable with marginal dip in the central business district (CBD) and alternative business district (ABD) locations, according to the findings of CBRE’s latest report, India Office Market View Q3 2013.
No new malls space helps lower mall vacancy to 14.5%: Cushman & Wakefield
Nov 06, 2013
KOLKATA: The overall vacancy levels in malls declined by 0.6 percentage to 14.51% on account of consistent leasing activities while supply has been only 0.77 msf gets added in Kolkata and Pune, states a latest report by Cushman & Wakefield.
Rental Housing In Mumbai – Economics And Dynamics
Oct 24, 2013
MUMBAI:Over the decades, Mumbai has been and continues to be the destination of countless migrants from all parts of India. This steady influx of people has also been driving perhaps the highest demand for rental housing in Mumbai than in any other Indian city.
Know the tax benefits of house rent
Oct 23, 2013
MUMBAI: As the real estate prices in metro cities continue to remain high, many salaried individuals either prefer or are compelled to stay in rented houses. Many are postponing their decisions to purchase a house, given the increasing interest costs. In such cases, tenants should know the tax exemptions they can avail of by staying on rent.
Get a valid agreement before sharing the apartment
Oct 17, 2013
MUMBAI: Ritu Mishra, 26, agreed to share an apartment with a friend who was already staying on leave and license. However, when Mishra wanted to leave the place due to a tiff with her friend, the friend refused to return her deposit. To Mishra's misery, there was no evidence on which she could fight or claim her deposit. Reason: The original agreement was in the name of her friend. The landlord had allowed them to share the apartment on an oral consent without filing a fresh agreement between bo

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