Latest Realty News

New Metro line set to push realty in region
Mar 14, 2014
BANGALORE: For the residents in west and north Bangalore, March 1 was a special date. The 10-km Metro line comprising Reach III and IIIA networks, from Sampige Road up to Peenya, began operations. The ‘green line’ with 10 out of 24 stations in operation presently, will connect residential, commercial as well as industrial areas in the region and have a significant impact on real estate.
Udyog Vihar industrialists urged to not pay double tax
Mar 14, 2014
DELHI: Udyog Vihar’s plot owners have asked local industrialists not to pay their annual maintenance charges to the industry authority for the next financial year.
Developers pushed for tourism in Aravalis
Mar 14, 2014
DELHI: The minutes of an NCR Planning Board committee meeting to consider changes in the regional plan reveal how hard Haryana pushed for opening up the state’s fragile conservation zones, such as the Aravalis, for tourism.
Election code of conduct hits realty firms
Mar 13, 2014
DELHI: Real estate developers say they are facing cost escalation on several residential projects across cities as officials are holding back routine approvals citing the election code of conduct.
Buying house? Pay upfront and get up to 25% discount
Mar 13, 2014
AHMEDABAD: An HR executive working with a multinational struck gold in Prahaladnagar — a three BHK flat in a premium housing colony for Rs 50 lakh. “The developer had quoted the same amount for a 2 BHK unit two-three years ago in the same scheme. It seems this is a good time to buy,” says the 40-year-old professional who returned to her native after three years.
Layout plans of all buildings under scanner
Mar 13, 2014
DELHI: The MCG chief has asked the engineering department officials to crosscheck all the building plans sanctioned since the municipal corporation came into existence in 2008.
IT searches Hiranandani group in Mumbai, other places
Mar 12, 2014
MUMBAI: The Income Tax department today conducted searches at 20 locations of real estate major Hiranandani group in Mumbai and other cities in connection with alleged tax evasion.
Sohna Road: An attractive residential destination
Mar 12, 2014
DELHI: With a large number of residential projects completed or nearing completion, and many office complexes already occupied by leading companies, Sohna Road in Gurgaon has emerged as an attractive residential destination for end users and long term investors.
It’s no lottery: BDA doubles flat rates
Mar 11, 2014
BANGALORE: After sites, it’s now the turn of flats. Bangalore Development Authority (BDA) has arbitrarily jacked up the prices of flats by almost 100%-200%, spiking the common man’s last hope of owning a dream home in the city.
Four weeks to study Campa Cola documents
Mar 11, 2014
MUMBAI: Attorney general Goolam Vahanvati appearing for the BMC sought four weeks from the SC to study the land title and conveyance documents submitted by Campa Cola residents who have filed a review against their eviction order.
Devesh Kapur and Arvind Subramanian: A property tax proposal
Mar 08, 2014
DELHI: In our last piece, we had argued that taxation is the economic glue that binds citizens to the state in a necessary two-way relationship ("Taxation's fatal neglect?", January 20). A citizen's stake in exercising accountability diminishes if he does not pay in a visible and direct way - typically via direct taxes or user fees - for the services the state provides. We estimated that a very small percentage of Indians (about 10 per cent) are in this taxpayer accountability relationship with
Greater Noida West can cope with housing demand
Mar 07, 2014
DELHI: Greater Noida West has a huge potential as in the next five years, this developing area will be in a position to deliver nearly 5 lakh housing units, catering to a population of nearly 10 lakh people.
IT drives growth in suburbs of Bangalore
Mar 07, 2014
BANGALORE: Good connectivity to prime locations and economic hubs, lower land costs towards the peripheries and older congested localities have fuelled hectic residential activity and demand in upcoming suburbs.
Forecasting Hyderabad’s new areas
Feb 28, 2014
HYDERABAD: Across the city, people have strong opinions about the growth of property values in the city. “In my opinion property prices will increase in those outskirts of the city where the metro rail and the ORR (outer ring road) have their outreach. For example, while the ORR (Outer Ring Road) connects Shamirpet area to Kondapur we can safely say that Shamirpet, Kompally and Kukatpally become directly connected to roads leading to Hitech city. Therefore these areas grow faster and sooner or l
Neharpar on strong growth trajectory
Feb 28, 2014
DELHI: Neharpar of Faridabad is well on its way to becoming a realty hotspot with the new initiatives by development authorities like Huda to further integrate the city with Delhi and the neighbouring NCR cities. Also, Delhi Metro is planning to extend its corridor to Faridabad in the near future. These, coupled with the increasing housing demand prompting developers to launch a slew of new residential projects across segments, have put Faridabad on a strong growth trajectory.
Primarc invests Rs 300 crin Bengal real estates
Feb 28, 2014
KOLKATA: Primarc Group, which runs the ‘Crossword’ franchisee in West Bengal, has invested nearly Rs 300 crore in real estate projects in the State.
JLL India's PE arm makes maiden real estate investment
Feb 27, 2014
DELHI: Segregated Funds Group, the real estate-focused risk capital arm of Jones Lang LaSalle (JLL) India, has invested Rs. 24 crore in a residential project in Bangalore, the first such transaction made by the global real estate services firm's India unit from its maiden private equity fund.
'Now is not a good time to invest in real estate'
Feb 27, 2014
THANE: Even as Thane city is witnessing a spurt in the number of residential projects being launched by developers, property consultants and experts are, however, divided over whether this is the right time to invest.
Forest land: Maharashtra considers review plea against SC verdict
Feb 27, 2014
MUMBAI: The state government has sought legal opinion on whether it should file a review petition against the recent Supreme Court order removing the “private forest” tag attached to huge swathes of land across the state.
Forecasting Hyderabad’s new areas
Feb 27, 2014
HYDERABAD: Across the city, people have strong opinions about the growth of property values in the city. “In my opinion property prices will increase in those outskirts of the city where the metro rail and the ORR (outer ring road) have their outreach. For example, while the ORR (Outer Ring Road) connects Shamirpet area to Kondapur we can safely say that Shamirpet, Kompally and Kukatpally become directly connected to roads leading to Hitech city. Therefore these areas grow faster and sooner or l
Chennai: 3 in 4 buyers look for apartments within Rs 60 lakh
Feb 25, 2014
CHENNAI: Over 70% of apartment buyers in the city purchase properties below Rs 60 lakh, going by figures thrown up by the just concluded three-day property fair, Fairpro, organised by the Confederation of Real Estate Developers’ Association of India (CREDAI).
Removal of the toll plaza, might hike Gurgaon Expressway property rates
Feb 25, 2014
DELHI: After the removal of the toll plaza, Gurgaon seems to have brought more than traffic to speed. According to real estate experts, dealers and builders, there is already increased activity in the real estate market and prices in Gurgaon could see an increase of about 10 to 20%.
Rs 120 cr in tax dues from over 1,000 properties: NDMC
Feb 24, 2014
DELHI: Property tax worth Rs 120 crore is due from over 1,000 commercial and residential properties in north Delhi, the North Corporation has said while warning of measures to name and shame defaulters.
Steep hike in circle rates likely in Delhi
Feb 24, 2014
DELHI: The capital may witness a 20-30 per cent hike in circle rates across various categories of properties over the next fortnight. The hike may be steeper for the upscale colonies in categories like A and B.
Growth poles on the realty map
Feb 22, 2014
BANGALORE: The latest Residex, the residential property price index released by the National Housing Bank (NHB) shows that while home prices are in general witnessing an upward movement, the prices in several Tier-II and III cities during the October-December quarter have seen an increase of the same levels as metropolitan markets or even greater.

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