Latest Realty News

New age homes in Hyderabad
Apr 11, 2014
HYDERABAD: Most of the builders in Hyderabad are of the opinion that today’s house buyer is smart and wants value for money. When a consumer comes to a property exhibition he is fully prepared and ready with his research, and he knows what he is looking for in a house. Today the expectation of a regular buyer is much more than what it used to be five to ten years ago.
New Maninagar: On a realty growth path in Ahmedabad
Apr 09, 2014
AHMEDABAD: Ahmedabad’s Real Estate market is on an upswing because of the huge growth of its industrial sector and the overall high rate of development, both in commercial and residential terms. Particularly, due to the industrial growth in the city, many new residential areas are being developed near the industrial areas and new Maningar is one among them.
Tracking deals: LeapFrog to invest in IFMR Capital
Apr 08, 2014
MUMBAI: LeapFrog Investments, a specialist investor in financial services in growth markets, will invest $29 million in IFMR Capital. The investment will enable affordable and efficient access to finance for millions of excluded households and businesses across India.
Bet big on office space
Apr 07, 2014
MUMBAI: Thinking of buying your third apartment at Worli? Why not an office block in BKC instead? It may not have quite the charm or glamour of a penthouse apartment, but it can certainly get you hefty returns.
Work speeds up on Dwarka Expressway
Apr 03, 2014
DELHI: Dwarka Expressway has emerged as one of the most sought-after real estate destinations in the National Capital Region (NCR).
Sohna no longer poor cousin of Gurgaon
Apr 02, 2014
DELHI: Sohna is to Gurgaon what Gurgaon is to Delhi. Sohna Road, which once used to be the other end of Gurgaon, is now the hottest destination in the town after MG Road. The bumpy two-lane road has been replaced by a six-lane highway which is busy 24×7.
Gudi Padwa will boost market sentiments
Apr 01, 2014
PUNE: Gudi Padwa is believed to be the most auspicious time for a ‘new beginning.’ The emotional quotient of buying a property on this propitious day is very strong. Many prospective buyers wait for months and put in all efforts to lock in on a deal, on this day. Developers have come forward to lure the buyers and offer a wide range of properties to every segment, including end-users and investors.
Is Mumbai and Pune market going to see a major change on gudi padwa?
Apr 01, 2014
MUMBAI: “Buyers are back in the housing market!” exclaimed one of the city builders with a sigh of relief and they have enough reasons to be relieved. There is a considerable rise in the sale numbers, compared to January and February. City builders are only hoping that this trend will continue in the coming months as well. Madhurima Basu, director – residential services, Cushman & Wakefield, says, “Increase in demand is expected, due to developers offering discounts and subvention schemes to att
Realtors eye Gudi Padwa bookings
Mar 30, 2014
NASHIK: 2014's Gudi Padwa could signal better movement for the real estate sector in Nashik after a lull that has lasted for over a year-and-a-half. Considered an auspicious occasion for bookings, the past three months leading up to Monday's Gudi Padwa have seen close to 400 flats being booked in the city.
Credai awaits rollback of ready reckoner rates
Mar 30, 2014
NASHIK: The Confederation of Real Estate Developers Association of India (CREDAI), Nashik, is awaiting a rollback of the hike in ready-reckoner rates announced by the Maharashtra government from January 1, 2014. The organization has expressed its disappointment, with the hiked rates remaining unchaged after an assurance from the state government.
Realty stocks edge higher
Mar 29, 2014
MUMBAI: A divergent trend was witnessed on the bourses, with the barometer index, the S&P BSE Sensex, trading slightly lower for the day and the 50-unit CNX Nifty trading a tad higher for the day. The Sensex was down 2.99 points or 0.01%, off close to 150 points from the day's high and up about 25 points from the day's low. The market breadth, indicating the overall health of the market, was positive. The BSE Mid-Cap index was up more than 1%.
Godrej Properties adds new residential project in Chennai
Mar 28, 2014
MUMBAI: Mumbai based real estate developer Godrej Properties has entered into a partnership SSPDL Green Acres LLP to develop a residential project at Old Mahabalipuram Road (OMR), Chennai.
Land prices in Mumbai touch new high
Mar 26, 2014
MUMBAI: Acute land shortage in Mumbai has led to a ridiculous situation where plots fetch astronomical rates. On March 24, a 25-acre sprawl belonging to Tata Steel in the suburban Mumbai invited the highest bid of Rs 1,155 crore. Over the past decade, as the housing shortage became more severe, the city recorded phenomenal property transactions. Fours years ago, a land parcel sold for over Rs 4,000 crore, a national record of sorts.
Pune: Gaining metro recognition
Mar 26, 2014
PUNE: While most of the metro cities are dealing with the problems of increasing urbanisation and the load on the land and infrastructure has led to several issues, there are cities like Pune, which seem to be learning from the mistakes of these metro cities and the late-movers’ advantage seems to be helping the city grow holistically, in terms of its real estate developments and infrastructure issues. What makes the case of Pune even more unique and the reason why it is rated as better than the
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.
Panchshil signs brand licensing for premium residential projects
Mar 25, 2014
PUNE: Pune-based real estate developer Panchshil Realty, has signed brand licensing agreement with another real estate Pune based developer Elite Landmarks to develop mid size apartments in Pune. According to Panchshil, this is a first-of-its-kind brand licensing in India.
Resale property
Mar 21, 2014
MUMBAI: If one has personal cash resources at one’s disposal and is not reliant on a home loan, it is best to buy a home in a strategic, high-demand location that has no new supply of housing, feel experts. This could result in very high return on investment (ROI) because it would mean that the project would come up for redevelopment, ensuring a tidy profit to the owner. However, it is important to note that home loans on a very old property cannot be taken for granted.
BMC to issue certificates before razing shaky buildings
Mar 21, 2014
MUMBAI: In a bid to persuade the residents of private societies to vacate their dilapidated buildings, ward offices will issue them a certificate of occupancy before razing such structures.
Hyderabad: Delay in possession
Mar 19, 2014
HYDERABAD: Consumer forums have filed complaints saying they have not been given possession of their dream house even after paying the lump sum down payment and all those Equated Monthly Instalments (EMIs).
City planning: The Mumbaikars’ way
Mar 19, 2014
MUMBAI: “When I see the city from my window, I don’t feel how small I am but I feel that if a war came to threaten this, I would throw myself into space, over the city, and protect these buildings with my body.” This Ayn Rand quote would possibly cross our mind, when we look at the skyline of Mumbai. If we dig deep into the history of this metropolis, we will be amazed to know how two distinctly different cities, co-exist here. One Mumbai exists which is rhetoric, expressive, tangible and can be
Nothing is for Free; think twice before you accept rent on home buy
Mar 19, 2014
MUMBAI: Two Mumbai-based builders — wo Mumbai-based builders — Nirmal Lifestyle and Rustomjee — are promoting some of their under-construction residential properties with the promise of paying rent. Nirmal Lifestyle promises to pay the rent if the construction of its project is delayed beyond December 2017, while Rustomjee will pay the rent during the construction period.
Hunt for Gurgaon’s best homes narrows to 15 condominiums
Mar 18, 2014
DELHI: The Clash of the Condominiums has come to the deciding stage. A survey conducted by the Indian Market Research Bureau in association with The Times of India has identified 15 finalists among 150 societies that will vie for the honour of being among the best five places in the city to live in.
Name owners of multiple plots: Chandigarh High Court
Mar 18, 2014
DELHI: Taking up the issue of allotment of multiple plots in the defence category and under discretionary quota by HUDA, the Punjab and Haryana high court on March 13 asked the urban development authority to submit the names of all allottees who were allegedly granted multiple plots. According to HUDA records, around 8,000 people have taken multiple plots under various categories in contravention of the norms.
Balewadi, Pune: Well-developed infrastructure and strategic location
Mar 18, 2014
PUNE: Balewadi is a rapidly emerging area on the western corridor of Pune with steady growth over three to four years. This locations has seen tremendous growth from a rural area to one of the most preferred residential areas. It has become a hot area for residential projects, mainly targeting the software professionals working in the nearby Hinjewadi Software Park and other nearby information technology parks/companies.The rates there have seen an annual increase of 20 per cent over the past tw
Mumbai builders flout rules, sell flats in projects sans clearances
Mar 18, 2014
MUMBAI: Without any construction permissions in place and sometimes even when land titles are not clear, builders in the city have been enticing clients to book flats early at discounted rates although it is illegal under the law. In fact, by luring investors to book flats by paying just 10% to 20% before the first brick is laid, developers manage to sell 200 to 300 flats even before the project is publicly announced in some cases.

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