Latest Realty News

Rental market shows upward trend in Boat Club Road, Pune
Nov 26, 2013
PUNE: The rental values in Boat Club Road have increased by more than 20 per cent in the July-Sept 2013 quarter, as per MagicBricks.com research. “Boat Club Road, along with its neighbourhoods Bundgarden and Dhole Patil Road, is arguably one of the best locations in Pune, in terms of connectivity and up-market feel. There are about 60 per cent investors who are well-off and have spare money to invest. They are reaping high returns today. Several Bollywood celebrities have also invested in proper
2-BHK homes in Panvel or Kamothe?
Nov 26, 2013
MUMBAI: The price at which you get a 1-BHK apartment in Andheri or Ghatkopar, can get you a 2-BHK in localities like Panvel and Kamothe. These suburbs of Navi Mumbai have been witnessing a steady demand for 1 and 2-BHK apartments, owing to their competitive pricing. “A 1-BHK apartment in Panvel and Kamothe, sized between 500 and 700 sq ft, is available for Rs 35-40 lakhs and a 2-BHK apartment of 750-1000 sq ft area, costs anywhere between Rs 80-85 lakhs,” informs Paritosh Bhasulm of PropTiger.
Mumbai govt to help acquire land for cluster redevelopment
Nov 25, 2013
MUMBAI: Occupants of unauthorized flats and shops will be legally rehabilitated as part of the state government new cluster redevelopment policy. Critics said this sop is a virtual indictment of the government, which has failed to curb illegal constructions.
Is Mumbai a buyer’s market?
Nov 25, 2013
MUMBAI: Mumbai’s real estate segment has historically been red hot, something that is the aspiration of millions. The island city with less supply and more demand and the ever increasing migration, only meant that even if the market deviated from the conventional wisdom of economics in demand and supply dynamics, it still would be a sellers’ market. The price index, demand-supply gap, inventory and all other indicators collectively lent credence to this school of thought. Moreover, the island ci
Kundli-Sonipat area promises high returns
Nov 22, 2013
DELHI:The pressure on the overburdened infrastructure of Delhi has pushed real estate development to the peripheral areas of the capital city, with the newly developing region of Kundli-Sonipat along NH-1 benefiting from this perceptible movement.
Illegal buildings – A sad reality in Mumbai
Nov 21, 2013
MUMBAI: The problem of illegal buildings in Mumbai – and their impact on the existence of Mumbai’s citizens and organizations, as well as its real estate market – is not a recent phenomenon. In fact, it is as old as the BMC itself. Whether they were the result of corruption and collusion or lack of vigilance of, the issue has always persisted in what is India’s financial capital, which is also the country’s most space-challenged city.
Absence of satellite sprawling makes Gujarat property market unique
Nov 21, 2013
AHMEDABAD: What makes the cities of Gujarat different from the other major urban centres of India? Ahmedabad and Vadodara hold tremendous potential to grow further, unlike other cities where they have already reached, or are reaching, saturation point. At a time when the urban planners are grappling with the challenges posed by urban sprawling, with the answer of providing satellite cities, often with poor infrastructure, this absence of satellite sprawling is what makes Gujarat property market
Campa Cola razing to go ahead despite rains
Nov 21, 2013
MUMBAI: The civic body has resolved to commence the demolition of the illegal flats in Campa Cola compound after May 31 irrespective of the monsoon. Still, the society residents are clutching at straws, hoping to exhaust all legal options before that day arrives.
Noida Extension: the real estate hot spot
Nov 20, 2013
DELHI: Noida Extension a 4,000-acre land chunk, with Ghaziabad, the Hindon River and a few sectors of Greater Noida around its boundaries, is today buzzing with activity as almost 75 real estate developers are ready with a slew of projects offering 1/2/3 BHK housing properties at affordable rates.
Fresh policy set to boost cluster redevelopment in Mumbai
Nov 20, 2013
MUMBAI: Cluster redevelopment is set to get a boost with a new policy offering more benefits to both developers and residents and making projects more attractive than standalone redevelopment.
80,000 affordable housing units in 5 years: Report
Nov 19, 2013
MUMBAI: At least 80,000affodable housing units in the Rs 3-10 lakh range were constructed in the last five years across India, said a Monitor Inclusive Markets report.
Noida Extension: the real estate hot spot
Nov 18, 2013
DELHI: Noida Extension a 4,000-acre land chunk, with Ghaziabad, the Hindon River and a few sectors of Greater Noida around its boundaries, is today buzzing with activity as almost 75 real estate developers are ready with a slew of projects offering 1/2/3 BHK housing properties at affordable rates.
Thane: The hub of 1-bhk apartments
Nov 18, 2013
MUMBAI: Ghodbunder Road, Badlapur, Kalyan west and Dombivli east offer almost 37 per cent of the total supply of 1-BHK units in Thane. Affordability and well-built connectivity to Mumbai make these areas sought-after residential locations for mid-income buyers.
Dhanori sees high supply of properties within RS 40 lakhs
Nov 18, 2013
PUNE: Located on the eastern side of Pune, Dhanori offers a wide range of options for those who are looking for a residential property within Rs 40 lakhs. According to MagicBricks.com data, the area is seeing maximum supply of properties, with several new housing projects, which are at various stages of construction. These projects offer 1, 2 and 3-BHK units.
Increase Of TDR Catches Mumbai Real Estate Off-Guard
Nov 16, 2013
MUMBAI: The sudden rise in the TDR price has taken the market unawares, despite the fact that such a rise was likely because not much of TDR generation was taking place. Effectively, TDR prices have now doubled, and such a steep rise was not expected. The current price of TDR is now around INR 4000 per sq ft.
Budget homes find demand in East Bangalore
Nov 16, 2013
BANGALORE: In the early 1990s, Bangalore east beyond K R Puram was bracketed under ‘Bangalore Rural’. People didn’t head out there unless they could manage travelling on mud roads, with no habitation or streetlights for long stretches. Around 10 years down the line, Bangalore east has transformed into a bustling cosmopolitan and self-sufficient economic hub. With a host of infrastructure projects that have upgraded connectivity and seamless travel, peripheral locations in the east are witnessing
Seven factors to consider before buying home for yourself
Nov 15, 2013
CHENNAI: Buying property is a lifetime decision. Whether you buy it for end use or for the purpose of investment, it takes a lot of research and due diligence. No doubt, budget and location are among the primary factors that help in short-listing but the final decision is generally based on the combination of several other factors. Some of the top factors include the following.
Mumbai Residential Property – Striking A Balance
Nov 15, 2013
MUMBAI: Mumbai has a high residential inventory of 67,000 units, equal to sales of 34 months. While the underlying demand is strong, it is not being converted into transactions due to the high property prices. From a developer’s point of view, low absorption is a source of worry; however, due to high costs of land acquisition, raw material, labour, finance and new costs such as fungible FSI, lowering prices beyond a point seems difficult. Is there a way to end this stalemate?
Mumbai builders must keep 20% area for affordable housing
Nov 15, 2013
MUMBAI: Builders developing a housing project on a 4,000 sq m (acre) plot must reserve 20% of the area for affordable housing, according to a state government notification issued last week. It will not be applicable to schemes where commencement certificates were issued on or before November 8, 2013.
Most buildings in Delhi not earthquake-safe
Nov 14, 2013
DELHI: November 12th’s mild tremors might not have caused any damage but with Delhi being the epicentre, concerns have been raised about the government’s preparedness to handle an earthquake. Delhi is vulnerable to earthquakes is no secret, considering it falls under seismic level IV. But are we prepared for a moderate to high intensity earthquake with Delhi as the epicentre?
HMDA asked to speed up ongoing projects
Nov 13, 2013
HYDERABAD: The chief minister has directed the Hyderabad Metropolitan Development Authority (HMDA) to speed up ongoing projects like radial roads, new projects like Hyderabad Habitat Centre, Science City and initiatives like land pooling schemes and Educational Hub apart from lake protection works with specific time-frame.
New sectors drive demand in Noida
Nov 13, 2013
DELHI: The recent times in the realty sector of Noida have seen an upsurge in demand for the upcoming sectors. Sectors like 74, 76, 77, 120 and 121 have witnessed good demand. A lot of new residential projects have been launched in the last few years and buyers have shown keen interest in the projects present in these sectors.
Demolition in Mumbai will weaken legal floors, residents fear
Nov 13, 2013
MUMBAI: Campa Cola residents whose flats have been declared illegal are understandably under pressure, but legal residents whose homes are not up for demolition are enveloped by insecurity as well. Two reports by structural engineers indicate that the remaining structure will not be fit for habitation once the illegal portions are demolished. The legal residents also wonder how the BMC will continue to provide water and electricity while cutting off utilities for the illegal flats. After all, fl
90% of buildings inspected in Mumbai suburbs flouted fire norms
Nov 11, 2013
MUMBAI: Suburban buildings are face a greater risk from fire, according to data from a fire brigade audit of residential and commercial buildings in the city this year.
High-end homes of Real Value
Nov 09, 2013
CHENNAI: Czar’s is a luxury residential project at the upmarket R.A. Puram. The project from Real Value Promoters offers 18 apartments of 4,500 to 6,000 sq.ft with premium features. Priced at about Rs 29,300 a sq.ft, an apartment at the project will cost about Rs 14.5 crore to about Rs 20 crore.

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