Latest Realty News

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.
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.
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.
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.
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.
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.
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.
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.
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
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.
Pune developer buys 34-acre land in Wakad for 350 crore
Feb 07, 2014
PUNE: Kolte-Patil Developers Limited has purchased a 34-acre land at Wakad for around Rs 350 crore, which the company claims is the largest reported land deal within the limits of Pune city.
Ajnara India Ltd launches Ajnara Ambrosia in Noida
Feb 01, 2014
NOIDA: Ajnara India Ltd, a major realty player has launched its much awaited and one of the most luxurious residential project in sector-118, Noida. Ajnara India Ltd is one of the largest realty companies in NCR with over 50 delivered projects and over 10 ongoing projects, many of which are near to possession. The new project, Ajnara Ambrosia is a theme based project which is being designed to give it’s the buyers the feel of ‘Spanish luxury’.
India Infoline raises Rs 750-cr realty fund
Jan 31, 2014
MUMBAI: IIFL Wealth Management, a unit of financial services firm India Infoline, said on Wednesday it has raised a Rs 750-crore real estate fund, which has the option to co-invest another Rs 500 crore under the fund. IIFL has mandated Ajay Piramal group's realty fund manager Indiareit Fund Advisors as the investment advisor.
VIP Road Vizag's new realty hotspot
Jan 17, 2014
VISAKHAPATNAM: True to its name, VIP Road is turning out to be one of the most sought after addresses for commercial and residential properties in the Port City. At least five commercial and residential properties are under various stages of construction along the nearly 1 km long stretch that is already home to several restaurants, an eye hospital, a two-wheeler showroom and several other commercial offices.
Bangalore West: Good mix of residential options
Jan 17, 2014
BANGALORE: Around 20 years ago, Rajarajeshwarinagar in Bangalore west was a little-known area. Early homeowners found it a densely forested region with little security. Pan to 2014 and the very same neighbourhood is now a well-established residential locality.

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