Latest Realty News

Chembur: MMR’s best foot forward
Oct 25, 2013
MUMBAI: Located between South Mumbai on one side and Navi Mumbai on the other, Chembur enjoys seamless connectivity in the form of the Eastern Freeway and Monorail towards the southern parts of the city
Satellite picks up pace
Oct 13, 2013
KOLKATA: Rajarhat is a satellite city of Kolkata, which was planned in the 1990s. According to the master plan, it was supposed to be at least three times larger than Salt Lake City, a neighbouring well-established destination. Between 2003 and 2008, Rajarhat witnessed a lot of interest from various national and regional developers. Then the global financial crisis came, after which most of the plans either got stalled or pace of execution reduced considerably.
Shapoorji Pallonji to build on affordable housing segment
Oct 12, 2013
MUMBAI: It is a group that is synonymous with Mumbai’s high-end luxury and historic landmark buildings. Its list of projects includes the Taj and Oberoi hotels, the Brabourne Stadium, the RBI, World Trade Centre and the NCPA apartments.
Indian Property to raise $300-m offshore fund
Oct 11, 2013
MUMBAI: Indian Property Advisors Pvt Ltd (IPAL) is planning to raise a $300-million (Rs 1,850-crore) offshore, single-city fund, which would be invested in residential projects across Mumbai. In the second round, the private equity firm would look at raising similar funds for Bangalore and Chennai.
Red Fort Capital to invest Rs 1000 crore in Lotus Greens projects
Oct 08, 2013
DELHI: Realty firm Lotus Greens Developers today said private equity firm Red Fort Capital would invest Rs 1,000 crore in its various residential projects in the national capital region.
Solutions to revive Chennai real estate market
Oct 08, 2013
CHENNAI: The thumb rule of Demand and Supply is the determining factor for price changes for any commodities – movable or immovable. This is being observed across the globe, especially where buying and selling is done for the purpose of investment or liquidating the same. This is felt more, especially in a very un-organized and un-regulated market like real estate, as this segment has also become a hot and buoyant investment destination these days.
New residential projects launch drops by 56 % in Chennai
Sep 16, 2013
CHENNAI: The Chennai residential market reported a 56% drop, on new launches, during the first half of the current fiscal. According to a recent report the delay was mainly due to approvals.
New ‘high density’ policy will boost affordable housing in NCR
Sep 07, 2013
DELHI: The Haryana government recently approved a ‘high density’ housing policy under which agencies like the Haryana Urban Development Authority (Huda) will allow developers to increase the density of population in their group-housing projects.Realty players believe that the new high density policy will motivate builders to construct more small-sized housing units in a given area.
Faced with sluggish growth realty companies selling land to peers
Jul 24, 2013
DELHI: Faced with sluggish growth, some large real esate companies in India have started selling parts of their licensed land in township projects to raise funds and speed up project execution.
Rs 400 crore flyover to connect OMR, ECR in Chennai
Jul 19, 2013
CHENNAI: A flyover connecting the Old Mahabalipuram Road and the East Coast Road is now a step closer to reality. The design of the flyover that would start near Tidel Park on OMR and land on ECR was given a go-ahead by a technical committee of the state highways department that met a few days ago. “The alignment of the flyover was decided in December last. Now we have decided where the arms will come and where exactly the flyover will land,” said an official of the state highways department.
550 houses in Chennai look towards the sun for power
Jul 17, 2013
CHENNAI: Driving through colonies in Bangalore, one would spot solar water heaters on every roof. A walk down the streets of Gandhinagar in Gujarat would show that every house wears a solar hat. And now, Chennai is waking up to solar, albeit slowly. The everlasting power crunch is driving several of the city’s residents to look at the sun for power from rooftop solar energy systems.
Chennai may need over 30K housing units annually
Jul 06, 2013
CHENNAI: A survey on Chennai’s residential real estate analyses the economic and infrastructure drivers that would impact the demographic growth of the city’s metropolitan area. The study gives an outlook on the housing requirement and supply and its impact on prices. “The growth of auto hub and growth of IT/ITeS and BFSI industry has defined the growth of Chennai in the last decade and will continue to drive migration and need for houses. Chennai, which accounts for a major share of US $185 bil
Reasons to invest in Chromepet
Jun 21, 2013
CHENNAI: Located in southern part of Chennai, Chromepet is gaining popularity in terms of real estate investment. Experts say that the destination assures returns. So, what makes it a preferred destination? Some reasons why one should invest in the locality are:
Sanatnagar offers wide residential options
Jun 17, 2013
HYDERABAD: Sanatnagar in Hyderabad is another upcoming locality in terms of real estate growth. It was originally home to government officers and therefore, the residential layout of the area is well defined. It is surrounded by Subhash Nagar Colony, Jayaprakash Nagar Colony and BK Guda, Czech colony areas.
Wakad realty thrives on road connectivity
Jun 17, 2013
PUNE: Wakad, located in West Pune, was once known as an extension to Pune with no infrastructure and connectivity. Today, the locality is witnessing massive real estate development. Connectivity, infrastructure and transport facilities are the prominent features that have turned into its favour.
Kondapur offers a wide gamut of housing options
Jun 11, 2013
HYDERABAD: Kondapur falls in the Ranga Reddy district of Andhra Pradesh. It is considered to be the rising ground of IT industry in Hyderabad. It is a popular residential option amongst the IT workforce as the IT hub is located very close on the Madhapur-Kondapur stretch.
Surge in Rs 4-6 cr ultra luxury homes in Bangalore
Jun 06, 2013
BANGLORE: Last year, around this time (mid 2012), the residential real estate price in Bangalore kissed sky high with Rs 33,000 per sq ft for an upscale project on the Vittal Mallya Road. Rough calculations pegged a 8,200 sq ft apartment in the project at about Rs 27 crore.
Thane remains a preferred realty destination of MMR
Jun 04, 2013
MUMBAI: Thane, also known as the lake city, is one of the major urban conglomerations of the Mumbai Metropolitan Region (MMR) and is well connected to all parts of the country by rail and road.
Budget 2013: Luxury homes for the rich to become more expensive
Feb 28, 2013
MUMBAI/BANGALORE: Luxury homes for the rich would become more expensive after the finance minister today reduced the abatement on service tax availed by real estate developers for homes and flats above 2,000 sq ft or costing Rs 1 crore and above to 70% from 75% earlier.

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