Latest Realty News

90% of buildings inspected in Mumbai suburbs flouted fire norms
Nov 11, 2013
MUMBAI: Suburban buildings are face a greater risk from fire, according to data from a fire brigade audit of residential and commercial buildings in the city this year.
Gurgaon makes CCTVs mandatory for housing societies
Nov 08, 2013
DELHI: The Gurgaon administration on 7th November made it mandatory for housing societies in the district to install CCTV cameras.
Noida to become luxury private residence hub in North India
Nov 08, 2013
DELHI: Noida real estate market touched a new high after worldwide luxury hospitality giant Four Seasons launched its private residences by Four Seasons at mix land-use property in Delhi One with a cost of Rs 3,500 crore.
Gurgaon Extension: Emerging affordable alternative to Gurgaon
Nov 08, 2013
DELHI: With Gurgaon having experienced a real estate boom, the next destination that’s going to attract investors is likely to be Gurgaon Extension: the new name of fast developing Sohna Road. Close on the heels of its new Master Plan 2031, new group housing projects, townships, plotted developments and luxury projects have been announced leading to what realty experts say will result in a boom in the coming years.
No progress in making building approvals public
Nov 06, 2013
MUMBAI: It was in 2009 that the then municipal commissioner Jairaj Phatak introduced a system whereby all building plans would be submitted on a compact disc and permissions and concessions granted online. The approved plans then were to be displayed on the BMC’s website for citizens to know what had been sanctioned.
Pune builders to transfer ownership of flats or will get blacklisted
Nov 06, 2013
PUNE: The Pimpri Chinchwad New Township Development Authority (PCNTDA) administration has warned as many as 375 builders saying that the builders would be blacklisted if they fail to transfer the ownership of the flats, constructed by them, in the buyers’ name through conveyance deed in the next three months.
Premium housing prices may fall soon on inventory pile-up
Nov 05, 2013
MUMBAI: Investors can look forward to premium housing units getting cheaper by up to 20 per cent and gold prices rising significantly this festive season, says a financial advisory firm.
IL&FS Engineering bags Rs 675 cr housing project
Nov 03, 2013
DELHI: IL&FS Engineering and Construction Company Ltd today said it has bagged a contract for building a high-rise residential project amounting to Rs 675 crore.
Connectivity in Bangalore brings suburbs into focus
Nov 01, 2013
BANGALORE: A ‘suburb’ is typically defined as an area of development that is exclusively residential or mixed use, which is part of the city or a separate neighbourhood which lies within commuting distance of a city. This definition can be applied to many areas in Bangalore that have witnessed rapid development over the last decade.
Bangalore is a growing investment hub
Oct 31, 2013
BANGALORE: Bangalore today is more than a geographical identity. “Back in the 90s and the early 2000s Bangalore was known as much for its climate, and defense and engineering antecedents, as it was for being a retiree’s paradise. Over the last 15 years as outsourcing and BPOs became household words, Bangalore became a brand, first to be admired, and then envied, and an investment destination for businesses and property.
Studio apartments emerging as a smart investment in Delhi/NCR
Oct 31, 2013
DELHI: Top realty players like DLF, JP Group, Wave Infratech, Paras Buildtech, Eldeco, Assotech Realty, Supertech, Amrapali, etc, are following in the footsteps of New York and London where fashion designers, musicians and artistes use such space for their studios. Professionals like lawyers, CAs, architects, doctors, etc, are now using them as smart offices, while corporate houses find these very convenient as guesthouses.
Bangalore Real Estate Update 2013
Oct 29, 2013
BANGALORE: Bangalore has been the fastest-growing city of India since the past few decades. IT has been the major growth driver and is responsible for aggressive real estate development in the city. Being the IT hub of India, Bangalore has a multi-cultural population with good social infrastructure, excellent educational institutes and constantly upgrading physical infrastructure. Currently, the most promising residential micro-markets are Outer Ring Road (ORR), Sarjapur Road, Whitefield and Nor
But affordable housing is pushed to the periphery of Pune
Oct 29, 2013
PUNE: Satish Rajopadhye has been on the look out for a two-bed room house and has a budget of Rs 35 lakh for it. His search for the right place however seems endless as there are simply no homes available within his budget in the city’s well-known pockets. The situation has forced him to consider a site 30 km north of the city and even there his budget is barely meeting the asking price.
Panel for housing zone over libraries, schools in Pune
Oct 29, 2013
PUNE: The state-appointed planning committee has recommended that 1.71 lakh square metre land, which was reserved for 13 civic amenities in the draft development plan (DP) of Tathawade village in Pimpri Chinchwad, be earmarked as residential zone.
Marunji Road: Destination next in Pune
Oct 28, 2013
PUNE: The Hinjewadi IT Park is an outstanding success story in its own right. It has single-handedly boosted Pune’s profile on the national and global business map. The effect that the Hinjewadi IT Park has had on the type of demand for residential spaces in the adjoining areas like Marunji road is a textbook case of the IT industry and its accompanying culture dictating the shape and form of a market. Real estate investors and developers are quite confident that the area will be one of the most
Kharadi: one of the most promising upcoming residential hubs in Pune
Oct 26, 2013
PUNE: In real estate, along with the amenities offered by a project, location is of upmost importance. Within Pune, Kharadi is emerging as one of the most sought after and fastest growing localities that have the location advantage.
Porur registers 40% increase in prices in 2 years
Oct 24, 2013
CHENNAI: A 1,000-sq ft apartment in a multi-storey project, which was selling at Rs 35 lakh until September 2011 in Porur is now available for Rs 50 lakh, as per MagicBricks.com Research. The locality has registered almost 40 per cent growth in prices, in the past two years.
Livability and connectivity drive real estate in Vadapalani
Oct 24, 2013
CHENNAI: With residential options ranging from multi-storey apartments to builder floors available within a wide budget of Rs 50 lakh to Rs 2 crore, Vadapalani is one of the most preferred residential locations in Central-west Chennai. Let’s take a closer look at what makes Vadapalani a locality of choice.
Akrama-Sakrama may be put on hold for revisions
Oct 24, 2013
BANGALORE: Property owners worried about the Akrama-Sakrama scheme can breathe easy. Legal experts have advised the government to put the regularization of building violations scheme in cold storage for the time being as resident associations and other stakeholders are set to file public interest litigation pleas against the ordinance.
Gachibowli – emerging investment destination
Oct 23, 2013
HYDERABAD: Among the specific locations that are fast emerging as investment destinations in the country include Gachibowli in Hyderabad. A survey by Jones Lang LaSalle on the upcoming investment destinations has listed Gachibowli as the next popular IT/ITES destination of the city after Hitec city.
Mira-Bhayander stretch on a high, appreciation expected
Oct 23, 2013
MUMBAI: Prices of residential properties on the Mira-Bhayander stretch – the suburban location in Thane district, have doubled in the past three years on the back of growing connectivity and infrastructure and there is scope for further appreciation in the near future. The locality is administered by the Mira-Bhayander Municipal Corporation (MBMC). A 1,000-sq ft apartment in a multi-storeyed building is available in the range of Rs 75-80 lakhs at present.
Opt for Tingre Nagar, for apartments priced Rs 20-40 lakhs
Oct 23, 2013
PUNE: If you have a budget of Rs 20-40 lakhs and you are looking to invest in the eastern suburbs of Pune, then Tingre Nagar could provide you with a number of options. Tingre Nagar, which has a large number of properties available within this budget, is ideal for home buyers who cannot afford nearby locations such as Viman Nagar, Koregaon Park and Kalyani Nagar, where the property prices are relatively higher.
Is Akrama-Sakrama on a strong foundation?
Oct 22, 2013
BANGALORE: Three governments, seven years, five chief ministers. That pretty much sums up the saga of Akrama Sakrama and the struggle by successive regimes in Karnataka to allow one-time regularization of urban building violations.
Illegal to move into property without occupation certificate
Oct 21, 2013
MUMBAI: It is against the law to move into flats in buildings without the mandatory municipal occupation certificate (OC), the Bombay high court has ruled. A division bench of Justice S C Dharmadhikari and Justice Gautam Patel sought action against 49 flat owners as well as a nursing home in two wings of a building with six wings in Sion East.
PMC to check 50k residential properties for commercial use
Oct 18, 2013
PUNE: Nearly 50,000 properties in the city will be screened from November for commercial use of residential properties. The civic administration hopes to increase property tax revenue by Rs 50 crore.

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