Latest Realty News

Cost of houses pretty high, scope for reduction: RBI's S S Mundra
Aug 21, 2014
Residential property prices in India have a lot of scope for reduction as supplies are sufficient, a top RBI official said
Centre’s plan of smart cities has tunnel vision: Experts
Aug 19, 2014
The Union government's plan to build 100 smart cities across the country will lead to conversion of thousands of acres of farmland into commercial and residential establishments, said experts
Concrete step for housing projects in Delhi
Jul 12, 2014
DELHI: Housing and basic services for the economically weaker sections have got a fillip in this year’s Budget. Besides Rs 700 crore for water and power reforms, the city has received a grant of Rs 1,350 crore, of which Rs 700 crore is for development projects under the Jawaharlal Nehru National Urban Renewal Mission.
Campa residents see hope in SC’s remark
Jul 10, 2014
MUMBAI: The residents of Worli’s Campa Cola Compound believe that the Supreme Court’s latest observations have offered them a ray of hope. But legal experts are cautious in their opinion on whether this paves the way for regularization of the unauthorized floors of the compound’s buildings.
Budget 2014: Suggested amendments for real estate
Jul 07, 2014
DELHI: The real estate sector happens to be one of the very important sectors for the overall growth of the economy. Since the new government, led by Prime Minister Narendra Modi, has taken a pragmatic view of providing housing to all by 2020, it becomes very important that certain amendments are made in the law for the real estate sector.
Mumbai: Residential demand increases in eastern suburb
Jul 07, 2014
MUMBAI: The hitherto low-profile eastern suburb of Mumbai, starting from Kurla to Thane on the Lal Bahadur Shastri Marg, is fast becoming the next commercial hub of the city with tiny office complexes and new-age retail destinations, giving tough competition to its southern and western counterparts such as Nariman Point, Worli-Lower Parel and Bandra-Kurla Complex, among others.
Not a single Campa Compound resident returns keys
Jun 15, 2014
MUMBAI: The deadline for vacating illegal flats in Worli’s Campa Cola compound lapsed at 5pm, June 12, but not a single resident submitted keys to their ward office, as asked by the BMC. The civic body now plans to enter the premises on June 17 to cut electricity, water and gas connections, following which it will start demolishing the internal walls of the flats to make them uninhabitable.
Campa residents divided as deadline gets over
Jun 15, 2014
MUMBAI: June 12 marks the final deadline for residents of the illegal flats at Worli’s Campa Cola compound to vacate their apartments and hand over the keys to the local G South ward office. The BMC on June 13 is likely to serve notices, saying they will enter their premises and take action to evacuate the occupants.
Pune’s real estate market is balancing both worlds
Jun 14, 2014
PUNE: Witnessing a surge in residential and commercial spaces, Pune real estate market has been expanding its horizons.
Oshiwara is poised for growth in Mumbai
May 21, 2014
MUMBAI: Located between Jogeshwari and Goregaon, Oshiwara is the sovereign destination along with a superlative infrastructure setup and excellent connectivity to all parts of Mumbai.
Realty sector awaits booster dose
May 21, 2014
DELHI: Buyers—end users and investors—must make up their minds soon and enter the market, as prices are expected to appreciate once a new government is sworn in. A new, stable government will have a positive influence on the economic growth story, which has been sluggish in the past few months. With revival of the economy, the demand for real estate is expected to improve drastically, which would further lift the prices in the sector. Naturally, with the talk of a new government, all the stakeho
Infrastructure drives real estate along NH3
May 21, 2014
MUMBAI: Infrastructure growth has given impetus to the real estate market across India. The widening of the eastern express highway and construction of a number of flyovers on this stretch led to the increased accessibility of Thane and adjoining areas to south and central Mumbai, resulting in rapid development of Thane and adjoining areas. Similarly, the areas along the National Highway 3 (NH3) are also likely to see considerable transformation, due to its widening into a four-lane highway.
Bangalore’s high-end realty draws NRI investors
May 10, 2014
BANGALORE: With the drop in rupee value and foreign currency getting stronger, many NRIs are evincing interest in picking up residential property in the city. Bangalore is being viewed as a luxury market destination and ticks many of the boxes that work in favour of a good city to invest in.
DDA housing scheme delayed by six months
May 02, 2014
DELHI: The Delhi Development Authority (DDA)’s latest housing scheme with about 3,000 flats on offer will be delayed by at least six months due to the incomplete construction of flats as well as ongoing elections. The housing scheme, which was announced after a gap of four years, was expected to roll out last month.
Report: With results ahead, realty segment positive about future trend
Apr 30, 2014
MUMBAI; As the country awaits the election verdict, both the current as well as future sentiment in the realty industry depicts a significant upward trend, reveals the latest quarterly Real Estate Sentiment Index report by FICCI-Knight Frank.
Godrej Properties looking to enter Noida real estate market
Apr 29, 2014
DELHI: Godrej Properties LtdBSE -0.02 % is keen on entering the Noida real estate market and is looking for a partner to develop a housing project, according to a top official at the company.
Pune’s skyline transforming from bungalows to towers
Apr 29, 2014
PUNE: Pune’s residential real estate market has evolved in formats. From huts to wadas; from independent houses to skyscrapers, the realty market in the city has seen it all. However, with the rising skyline in Pune, the bungalow culture, which once defined Pune, is now slowly getting reduced with only a few locations offering independent homes. “None of the residential formats available now and in the past, have had such an enduring appeal as bungalows. Pune is a city with a unique blend of in
Demand for homes in Bangalore set to pick up in new FY
Apr 26, 2014
BANGALORE: According to the World Bank’s Global Economics Prospects report released in January, global growth is expected to witness an uptrend, from 2.40 percent last year to 3.20 percent this year and 3.40 percent in 2015. While the report estimates the Indian economy could grow at 6.20 percent in 2014-15, the Asian Development Bank is also positive with a 5.50 percent projection for the new fiscal. With the US indices looking better, the Indian economy is also expected to pick up gradually th
Will the elections end the fence-sitting in Hyderabad?
Apr 25, 2014
HYDERABAD: With the general elections going on in the country, every state seems to be in a revival mode. People are up for a change and are looking for some fresh policies and reforms. Hyderabad goes for polling on 30th April. Despite being one of the best livability options in the country, uncertainty over the political factors took a toll on Hyderabad’s property market. Most of the buyers have become fence-sitters and have left the decision of buying a property on the election results and fut
Right time to invest in Hyderabad realty
Apr 20, 2014
HYDERABAD: Hyderabad’s real estate market is picking up momentum. The growth of financial districts, IT parks, educational institutions and malls has added to this growth. The outlying stations sandwiched between Gachibowli and BHEL, with little development and availability of vast open lands, have steadily been lapped up by construction companies. Nallagandla and adjoining Tellapur have transformed into a residential-cum-commercial hub. Last year the launch of the metro, with its well-connected
Dwarka Expressway to trigger the surrounding area’s realty
Apr 19, 2014
DELHI: Dwarka Expressway, also known as the Northern Peripheral Expressway, is an 18km-long and 150-metre-wide vital link being developed between Delhi and Gurgaon. The expressway will begin from Sector 22, Dwarka at the Delhi end and meet NH-8 at Kherki Daula (near Haldiram). Around three-four years ago, the sectors lying alongside this expressway caught the eye of real estate buyers due to their proximity to Delhi and the IGI airport. Currently, however, the market here is awaiting signals for
Greater Noida: Affordable, spacious & green!
Apr 16, 2014
DELHI: World-class projects like the forthcoming night safari, transport hub, DMIC (Delhi Mumbai Industrial Corridor) industrial zone, industrial and investment zones, mega rail terminal, and quality infrastructure have positioned Greater Noida as one of the top destinations in the NCR for residential and commercial properties.
No hike in circle rates in Delhi till poll-end
Apr 16, 2014
DELHI: At a time when there is a slump in the real estate market, any hike between 20% and 50% in the circle rates for property registration in Delhi – as is likely to be proposed – may for the first time see the circle rate and market rate become equal in areas like unauthorized regularized colonies and new settlements in Narela and Bawana. The black component in transactions will then be nil. And this may further dampen sentiments and lead to stagnation in sales, say experts.
Capturing opportunities in the complex real estate terrain of India
Apr 15, 2014
HYDERABAD: Real estate is an asset class that demands specialised skills and the complexity surrounding this sector, increases in the Indian context. Compared to the mature real estate markets in the developed nations, buyers in India need a higher degree of diligence before entering into property agreements. Issues pertain to ownership rights of the property, understanding the difference between usable area and saleable area in the absence of standardised definitions, completion of the project
Pune will not see a price correction
Apr 15, 2014
PUNE: Pune’s residential property market has maintained its momentum, even in a challenging economic environment. It is true that residential sales have slowed down even in Pune. However, it is also a fact that they have remained healthy enough to sustain the viability of the city’s real estate market. That is why Pune’s developers continue to launch fresh residential projects. The Gera Realty Report Pune, for the period July 2013 to December 2013, indicates an increase in supply through the lau

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