Latest Realty News

Is it a good time for end users to buy their home?
Jan 30, 2014
PUNE: The real estate market is gradually maturing in India and therefore, it elegantly overcomes all the challenges. After the economic slowdown and a series of setbacks, the realty market has been bifurcated into two parts i.e. the realty market from the perspective of investors, and from the standpoint of end-users. Experts believe that the current realty market of Mumbai and Pune, are to remain subdued from the investors’ point of view but if you are an end-user, then this can be a good chan
Pune’s Koregaon Park: The elite’s delight
Jan 29, 2014
PUNE: Koregaon Park is arguably the swankiest and among the most expensive real estate destinations in Pune. Even before the Osho Commune was established here in the 1970s, it was a location of choice for bungalows. After the arrival of the Commune, it became one of the primary congregation hubs for multinational travellers. The existence of the Osho Commune has transformed Koregaon Park beyond recognition. It now has its own identity, which is very different from that of any other area in Pune.
Greater Noida West: Ideal destination for midrange homebuyers
Jan 28, 2014
DELHI: The skyline of Greater Noida West, formerly known as Noida Extension, has changed drastically and is now adorned with residentialproperty units—from imposing highrise projects to neat and well-laid out low-rise structures—projected to house nearly 10 lakh people in the near future.
Mira Road-Bhayandar: Rapid transformation
Jan 28, 2014
MUMBAI: Back in 1992, when Basesh Gala, director-marketing and sales, Ravi Group, launched the company’s first project in Mira Road, the suburb was an ignored, passive and a far-flung region of Mumbai. Today, there are several projects which have come up in this area. He explains that “The flats in Mira Road are currently listed in the most wanted residential destinations of Mumbai city.
Luxury housing finds space in Thane
Jan 23, 2014
MUMBAI: “Luxury projects in Thane? You must be joking. Isn’t the location meant for affordable living of working class?” Well, you may also have had the same reaction in the past if you weren’t tracking the developments in and around Thane’s property market. This region is on a fast forward mode of development and the growth has been both, horizontally and vertical. The fact is that Thane is changing and it is changing fast. Luxury projects which had a stronghold in South Mumbai and Navi Mumbai,
Inner city of Pune needs urban renewal
Jan 23, 2014
PUNE: Pune’s pace of urban growth has been unparalleled, with the increasing number of migrants. This influx has required major infrastructure upgradation on all fronts, including road connectivity, parking facilities, public transport and electricity and water supply. It is also clear that Pune’s growth is not a temporary phenomenon – the city will expand exponentially in the years to come, both, geographically and in scope. If the development authorities do not take a realistic look at what th
Realty picking up pace in Tier II cities
Jan 18, 2014
BANGALORE: Today the real estate sector is focusing on providing all amenities and comforts in both Tier I and Tier II cities. It has acquired many aspects of development across its sub-sectors. The commercial realty sector has turned into smart and eco-friendly structures. The retail sector is rapidly growing with dense show stores at high-end market locations. They differentiate their stores by investing in innovative formats ranging from food, discounts to convenience stores. The residential
Chennai housing market to see 16K launches in 2014
Jan 17, 2014
CHENNAI: The residential real estate sector in Chennai is expected to see a completion of more than 16,000 residential units across all categories in 2014, as against 13,000 units launched during 2013.
World's ultra-rich hold a fifth of their wealth in real estate
Jan 16, 2014
DELHI: The world's super rich people hold a fifth of their wealth in property, estimated at USD 5,328 billion, while Asia's ultra rich have a greater share in real estate, a report says.
World's ultra rich hold a fifth of their wealth in real estate
Jan 16, 2014
DELHI: The world's super rich people hold a fifth of their wealth in property, estimated at USD 5,328 billion, while Asia's ultra rich have a greater share in real estate, a report says.
Bangalore untouched by property market gloom
Jan 14, 2014
BANGALORE: While home builders and buyers in Mumbai and NCR were a worried lot, folks in Bangalore had cause to cheer. Bangalore’s property market bucked the trend in other metros with many new launches, good demand and resilient prices.
Now, get building permission information on PCMC’s website
Jan 14, 2014
PUNE: Citizens can now access all the details about the building permissions sanctioned by the Pimpri Chinchwad Municipal Corporation (PCMC) since 1982, on the civic body’s website.
BT Kawade Road: A place for well-heeled home buyers in Pune
Jan 13, 2014
PUNE: If you are searching for a rental accommodation in a locality that has good schools for your kids, shopping malls to keep you busy over the weekends and smooth connectivity to other parts of the city, then BT Kawade Road could be the potential location. Here are some of the major factors as to why this area is preferred by people looking for a home on rent:
A high road story of Chennai
Jan 13, 2014
CHENNAI: The Poonamallee High Road, or EVR Periyar Salai, stretches east-west, almost from one end of the city to the other. It is one of the longest, broadest and oldest roads in our part of the country. It has been named after the historic village of Poonamallee mainly because it was initially meant to connect many areas within the city to this village. According to scholars, the name Poonamallee is derived from the Tamil term Poo Virunda Malli (Arabian jasmine) alluding to the profuse cultiva
Lodha Group set to launch 2nd phase of mega city project in Mumbai
Jan 10, 2014
MUMBAI: Leading estate developer Lodha Group today said it will launch the second phase of its mega city project 'Palava' on Saturday.
Developers to meet Maharashtra revenue minister
Jan 10, 2014
PUNE: Representatives of Credai Pune Metro will meet the state revenue minister on January 10 to discuss their concerns over the steep rise in the ready reckoner rates for properties in the state, which the government has implemented from January 1.
Pune looks forward to a giant leap in 2014
Jan 09, 2014
PUNE: It has indeed been an interesting year for Pune’s property market in 2013. At a time when the markets across the country were by and large subdued, Pune had been growing at a steady pace and even appeared on the luxury landscape during the year. There have been multiple demand drivers behind Pune’s growth during the year and it is generally believed that once the economic outlook in general is brighter, Pune may be witness to better appreciation than even the neighbouring Mumbai property m
PMC identifies 16,000 properties not in tax net
Jan 08, 2014
PUNE: Over 16,000 properties, which have not been assessed for payment of property tax for a period ranging from six months to six years, were identified in the city limits during a month-long drive of the civic body.
Paying taxes made easy with online portal
Jan 08, 2014
GUWAHATI: In a bid to provide relief to the city's tax payers, the Guwahati Municipal Corporation (GMC) has launched online payment of property tax which is its prime source of revenue.
Withdraw tax hike now, demands CPI
Jan 08, 2014
VIJAYAWADA: The Communist Party of India on Tuesday demanded the government withdraw property tax immediately.
Revenue site registrations shoot up in Bangalore
Jan 07, 2014
BANGALORE: There’s fresh hope for 2014 on the realty front. Buoyed by an uptick in the registration of sites and buildings in revenue pockets during the fag end of 2013, realty observers expect the momentum to continue till April.
No choice but to pass on hike to buyers: Pune builders
Jan 06, 2014
PUNE: The overall rise in the ready reckoner (RR) rates for various parts of the city and suburban areas will add to the financial burden of prospective home buyers, real estate developers said.
PMC may not hike property tax next fiscal
Jan 06, 2014
PUNE: Chances are that citizens will not be burdened with an increase in property tax in the next financial year. The civic administration has submitted a proposal to the standing committee, suggesting that the levy should not be hiked.
Koregaon Park realty tops rate chart in Pune
Jan 06, 2014
PUNE: The rise in ready reckoner rates for 2014 may have dropped compared to 2013, but the growth story for some city areas remains robust. The rates for residential areas have remained high for Koregaon Park, Erandawane, Shivajinagar, Kothrud and Kalyaninagar. In Pimpri Chinchwad municipal corporation limit, areas including Pimple Gurav, Pimple Saudagar, Wakad and Pimple Nilakh have registered higher rates. Interestingly, apart from fringe areas that are recording growth, there is much activity
New RR rates hike cost of old flats in Mumbai too
Jan 06, 2014
MUMBAI: If you choose to buy a flat in an old building today, you won’t be able to avail of the full 30% depreciation in the property‘s value. The up to 20% hike in ready reckoner (RR) rates for properties this year has lowered the depreciation benefit for flats in 20-year-old buildings to merely 2% to 11%. As a result, stamp duty to be paid on new and old flats will no longer vary substantially.

Latest Realty News Of State

Realty Talk's