Latest Realty News

RBI pushes more liquidity into the banking system
Dec 04, 2013
DELHI: The RBI cut the penal rate of interest, among some of the measures it took recently to push the money market to normal conditions.
Low prices pushing demand in new Ranip at Ahmedabad
Dec 04, 2013
AHMEDABAD: Ahmedabad is the financial capital of Gujarat. It is developing fast and it has already proved its worth in fields of business and economic activities. The city houses a large number of small, medium and large scale industries. Many MNCs and major Indian companies have set up their manufacturing units as well as corporate offices in the city. In addition, the fast growing IT industry has also created good number of job opportunities and as a result, there is huge influx of people in t
Road to evolution of Pune
Dec 04, 2013
PUNE: Pune has an advantage by virtue of the fact that it has been able to add to its borders by means of surrounding villages. This has served to decrease the pressure on the central city and encouraged an outward growth pattern. However, there are challenges related to Pune’s infrastructure, particularly its road network and these have more to do with the speed of this growth. While there are various proposals for road widening, these have to be translated into real time, to be effective, as i
Inventory piles up in Mumbai residential realty on muted demand
Dec 03, 2013
MUMBAI: Mumbai’s residential real estate market is perhaps going through its worst phase. Almost 45% of MMR's (Mumbai Metropolitan Region’s) ready and under-construction projects are lying unsold due to weak demand and high prices, according to a report by international property consultant Knight Frank.
Villas on Hyderabad ORR attract home buyers
Dec 03, 2013
HYDERABAD: The 159 Kms long stretch of the Outer Ring Road (ORR) is a road-cumarea development project. The ORR connects Patancheru-Shamshabad-Hayathnagar-Medchal Patancheru, and also provides the connectivity to various State Highways and National Highways.
Global brands entering the uber-luxury homes in NCR
Dec 03, 2013
DELHI: The National Capital Region (NCR) has seen a slew of luxury apartment launches.A number of such high-end projects with world-class specifications were launched in the last one-year; these come with the promise of high-quality after-sale services and, in some cases, with an assured provision of 5-star living experience.
Bhandup West sees 46 per cent capital appreciation
Dec 02, 2013
MUMBAI: Located close to affluent areas such as Mulund and Powai, Bhandup west has been becoming popular as a prime residential address on the central line in Mumbai. A 1,000 sq ft apartment, which was available for Rs 1 crore in 2012, is now selling at Rs 1.16 crores.
Those magnificent roads of Hyderabad: ORR
Dec 02, 2013
HYDERABAD: The ORR is not just a piece of infrastructure. It was a planned growth corridor, inspired by many similar development ideas in the West. The regulations around ORR were to be such that it brought in the right kind of players to unlock the land value. This was to encourage transit-oriented development.
Navi Mumbai: Roadpali offers value for money homes
Dec 01, 2013
MUMBAI: Over the past one year, Kharghar has undoubtedly become one of the most sought after locations in Navi Mumbai. It boasts of a huge 200-acre recreational facility in the form of Central Park, an already functional golf course, a grand under-construction ISKCON temple, broad internal roads, planned infrastructure and Metro rail connectivity.
Navi Mumbai: Roadpali offers value for money homes
Nov 30, 2013
MUMBAI: Over the past one year, Kharghar has undoubtedly become one of the most sought after locations in Navi Mumbai. It boasts of a huge 200-acre recreational facility in the form of Central Park, an already functional golf course, a grand under-construction ISKCON temple, broad internal roads, planned infrastructure and Metro rail connectivity.
Infrastructure upgrades get priority in Greater Noida
Nov 28, 2013
DELHI: After a long and undisputed success of Noida, Indirapuram and Raj Nagar Extention, the government authorities have their hands and eyes set on Greater Noida. Already known as the industrial and educational hub of NCR, Greater Noida has been witnessing real estate development for the past few years.
PCMC doubles property tax for illegal buildings
Nov 28, 2013
PUNE: Owners of unauthorized constructions in Pimpri Chinchwad will have to pay double theproperty tax. The civic body will soon start issuing tax bills for 2012-13 and for 2013-14.
BMC wants evidence to register complaints about illegal buildings
Nov 28, 2013
MUMBAI: If you want to complain to the BMC about illegal constructions, you’ll now have to submit evidence too.
Prices of residential property in Mumbai drop nearly 10% over the past three quarters
Nov 27, 2013
MUMBAI: The residential property market in Mumbai is turning in favour of buyers with inventory levels rising and prices weakening. Residential property prices in some south and central Mumbai locations such as Parel, Lower Parel and Mahalaxmi have declined nearly 10% over the previous three quarters with the increase in the number of unsold homes and prospective buyers reluctant to exceed budgets amid a slump, said property consultancy Knight Frank India.
Neemrana – The next big real estate destination
Nov 27, 2013
DELHI: It has been proposed that Neemrana, Shahjahanpur and Bahrod be included as three sub-metropolitan cities in the National Capital Region (NCR). Surprised?
Yamuna Expressway: An Ideal place to invest
Nov 27, 2013
DELHI: Affordable property rates, upcoming infrastructure and prime location make Yamuna Expressway an ideal investment destination. This location advantage is a big boon for realty players. Some developers such as Jaypee, Supertech, Ajnara and Cosmic Group, have already launched their projects. These builders have targeted the Buddha International Circuit and have their projects within a radius of 5 km.
Hyderabad witnesses consistent rise in valuations
Nov 27, 2013
HYDERABAD: The Hyderabad valuations index rose by 3 per cent in the last quarter. Since values are low, there is an increasing number of people upgrading to premium living which has now come within their budgets. As a result, there is robust demand for luxury properties in the Rs 40-80 lakh category. The in-demand configuration too is 2 and 3-BHK units. The 4-BHK configuration were less in demand and therefore oversupplied.
Gota: Luxury at affordable prices in Ahmedabad
Nov 27, 2013
AHMEDABAD: Ahmedabad is considered to be the largest city in Gujarat and one of the fastest growing cities in India. The continuous development of malls, residential townships and office spaces, are some of the growth stimulators, changing the cityscape of Ahmedabad to a very large extent. Maximum activities in terms of planned residential and commercial development can be witnessed in the city.
Chennai: Mission Decongest
Nov 27, 2013
CHENNAI: A few weeks back, Ashish Raghuram was held up for hours on the stretch from Vadapalani to Koyambedu, as he was trying to catch a bus from the private bus stand to his hometown in Kerala. While he reached the bus stand late by half an hour, he still managed to catch the bus, as it was more than two hours late from the scheduled time of departure. Come festive season and thousands get stranded in traffic around Koyambedu. But even on a normal day, the traffic during the evening hours gets
IT, inclusion in city limits work well for real estate in Valasaravakkam
Nov 27, 2013
CHENNAI: A 1,000-sq ft apartment which was available in Valasaravakkam for around Rs 43 lakh in 2011 today commands approximately Rs 62 lakh. Valasaravakkam, a suburb in South Chennai, has recorded a rise of nearly 43 per cent in capital values of residential properties in the past two years, as per Magicbricks.com research. Let’s take a look at the factors which make this locality click.
Market high on investors wish-list, yet not speculative
Nov 27, 2013
AHMEDABAD: Real estate markets across the country have a uniform pattern of being speculative if the given market is high on the wish list of investors. On the contrary, end-user driven markets are always modest in appreciation but nevertheless, carry genuine appreciation and provide a level playing field to all the stakeholders, including the buyers. However, the property markets of Gujarat, most notably, the cream of the market in Ahmedabad and Vadodara, defy this conventional wisdom of econom
NH-24: An affluent residential destination
Nov 26, 2013
DELHI: National Highway 24, connecting Delhi to Moradabad, is one of the most frequented arterial passages of the city, and has become an affluent residential destination in Ghaziabad. A state-of-the-art infrastructure including the proposed widening of the highway from the present 4-lanes to 8-lanes is a veritable clarion call, exhorting and impelling interested buyers to this area.
Worli society gets construction area 9 times the plot size
Nov 26, 2013
MUMBAI: The state Coastal Zone Management Authority has cleared floor space index (FSI) of 2.5 for the redevelopment of Worli’s Shivshahi housing society, part of a Mhada layout.
Hyderabad: Waiting for a sense of direction
Nov 26, 2013
HYDERABAD: The health of real estate cannot be different from the health of businesses. The health of business has a lot to do with the sense of a well- governed city, and a population that is positive about the future. “I can’t see enough mature sense of direction in this state separation and its long term impact oh Hyderabad city, there are so may unanswered questions,” confides one of India’s top infrastructure company CEO’s. “People we approach for investment, though very pleased with what w
Upscale Vastrapur still has modest property options
Nov 26, 2013
AHMEDABAD: After having spent seven years in Middle East countries, Rizwan Sheth wants to settle in Ahmedabad and start his own business. He is advised by the property brokers to buy an apartment in Vastrapur. It is a location in Ahmedabad, which is known for the Indian Institute of Management, Ahmedabad from a professional standpoint. For nature lovers, this area is famous for the Vastrapur Lake.

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