Latest Realty News

New home launches in Bangalore break records
Jan 06, 2014
BANGALORE: The country’s IT capital saw the highest number of new residential property launches between January and September of 2013 among Indian cities. The final number for the year could be the highest ever for the city.
Realty: Then and now
Jan 04, 2014
CHANNAI: The economic downturn in the year 2013 has had an adverse impact on various sectors and the realty sector has not been insulated by these changes. The year has been one of guarded optimism and the sentiments were rather cautious from both investors and builders.
Ready reckoner rates up by 5-10% in Pune
Jan 03, 2014
PUNE: There is a 5 to 10% increase in the ready reckoner rates for the city and Pimpri Chinchwad while it is between 10-15% in the rest of the state. The state government on December raised the rates for properties which will come into effect from January 2014.
Now, higher stamp duty on luxury flats in Mumbai
Jan 02, 2014
MUMBAI: Buyers of Super luxury flats with ceilings higher than nine feet, amenities like in-house swimming pools and helipads will have to pay up to 50% higher stamp duty than regular flats. Buyers of flats in luxury properties that exceed 4,000 square metre, or one acre of plot with a common gymnasium, club house and swimming pool, would have to shell out an additional 15%. This figure is over and above the up to 20% increase in the ready reckoner (RR) rates with effect from January 2014.
Factors that impacted Mumbai’s real estate in 2013
Dec 28, 2013
MUMBAI: Though Mumbai is the financial capital of India, the real estate market of the city has not been very encouraging in 2013 as the over-all performance graph was stagnant. The reasons for stagnancy could be justified due to various factors that impacted the market. A few of them have been discussed here:
High-end homes gain prominence in East Bangalore
Dec 28, 2013
BANGALORE: In the mid-1990s when the road to far-off Whitefield was upgraded, it was rumoured that a delegation visiting the site that ITPL was to come up on had agreed to put up the tech park in the location only if the road infrastructure was upgraded to reduce travel time from the Vidhana Soudha to ITPL, to 10 minutes. From then on, there has been a focus to upgrade civic infrastructure in the east – the widening of several key roads, the completion of the Outer Ring Road (ORR) and ongoing wo
Mumbai real estate market – an overview for 2014
Dec 24, 2013
MUMBAI: The year 2013 was an eventful year for the Indian Real Estate sector with the introduction of the Real Estate Regulatory Bill and the Land Acquisition Bill in the parliament. With such developments happening, there is high optimism about the coming year – 2014. There is hope that 2014 will see a positive shift from the earlier years and will bring in the much required stability and transparency in the property market. Mumbai’s real estate market too, expects to see stability and healthy
Residences in posh areas turn business houses in Hyderabad
Dec 21, 2013
HYDERABAD: Though unauthorized conversion of residential properties for commercial exploitation and illegal constructions are unabated in up-market areas like Jubilee Hills and Banjara Hills, the Greater Hyderabad Municipal Corporation (GHMC) seems to be turning a blind eye.
Plea filed in HC challenging Khar highrise
Dec 16, 2013
MUMBAI: The construction of a plush residential skyscraper on a tiny plot opposite Khar Gymkhana has been challenged in the Bombay high court on the grounds that it is "illegal''.
Sustainability required for increasing urbanization
Dec 13, 2013
AHMEDABAD: An exclusive thought leadership forum for architects was held in city on 'Intelligent Sustainability' on Wednesday. With urbanization on the rise there is a need to add a positive thrust to the nation's real estate market.
Investment in Pune property market remains rewarding
Dec 10, 2013
PUNE: What makes Pune such an attractive property investment destination despite the fact that Mumbai, India’s legendary real estate market par excellence, is right next door? A few years ago, the reasons for this were not as obvious as they are today.
1.5 Lakh Commercial Units Have No Trade Licences
Dec 10, 2013
HYDERABAD: It may sound unbelievable but it is a fact. As many as 1,56,890 commercial establishments in the twin cities are running without trade licence and another 22,220, instead of being in the commercial tax net, are in residential property tax net.
Metro and monorail: A boon for Mumbai suburbs
Dec 06, 2013
MUMBAI: P Nagarajan, a resident of Andheri, is upbeat about both, the monorail and the metro project, even though the projects have been delayed. For many like him residing in the suburbs, these projects are going to make life much easier. According to property analysts, these projects are being envisaged as game-changers in terms of connectivity and will reduce both, traffic congestion and commuting time.
Mid-range, budget homes find demand in Bangalore South
Dec 06, 2013
BANGALORE: While Jayanagar, J P Nagar, Koramangala, Basavanagudi, Bannerghatta Road, HSR and BTM Layouts have witnessed the emergence of high-end housing options, much of the southern belt is occupied by midrange housing options in the newer localities close to the economic hubs, with some budget options emerging towards the peripheries. Mid-range options are popular as they are located in proximity to IT hubs, with well-developed social infrastructure and access to good health care and educatio
Home away from home near Mumbai
Dec 06, 2013
MUMBAI: Driving out of the city on a weekend to the beautiful landscape in the western ghats within a 200-kms distance from Mumbai is now seen more than a weekend getaway. Given the plethora of options in housing available in the scenic spots nestled in the hills, people increasingly prefer the option of driving to their second homes and relaxing over the weekend. With the Konkan coastline with its verdant landscape and lush greenery on one side and the Arabian Sea on the other, a second home in
Focus on delivery makes Mumbai realty realistic
Dec 05, 2013
MUMBAI: A perception is gaining ground in Mumbai that the city’s property market has reached a saturation point, with critics citing the standing inventory of 48 months as evidence. However, a closer look at the market suggests that even though it is facing the effects of an overall slowdown, like any other part of the country, the high inventory level is not necessarily a sign of stress at the project level or with developers’ balance sheets.
Single-window clearance will cut housing cost, Pune realtors says
Dec 05, 2013
PUNE: Higher input, finance costs, non-availability of bank finance for real estate projects and exorbitant taxes are some of the problems that will be debated in the forthcoming Credai Conclave 2013, which will take place in New Delhi on December 13 and December 14.
Conditions on RTI access to building plans lifted in Maharashtra
Dec 05, 2013
MUMBAI: State information commissioner on December 4 withdrew an order issued last month that imposed certain qualifications on obtaining building plans approved by the BMC under the Right to Information (RTI) Act.
Hike in TDR prices takes the Mumbai market by surprize
Dec 04, 2013
MUMBAI: The real estate market in Mumbai has been going through ups and downs since the past five years. However, the segment received a major jolt due to the recent spike in transfer of development right (TDR), a move which has been received by the suburban developers with great caution and even disappointment. TDR plays an important role, at least in the suburbs of Mumbai. Ram Raheja, director and head-design and architecture, S Raheja, says, “TDR is an important component for builders redevel
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
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.

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