Latest Realty News

Builders-struggle-to-sell-houses-in-Surat
Aug 06, 2015
SURAT: There is a supply overhang of houses in the Diamond City with around three lakh flats lying vacant for a couple of years now.
Gujarat-govt-to-adopt-'redevelopment-policy'-for-affordable-housing-in-state
Jun 01, 2015
Ahmedabad: The Gujarat government is all set to announce a 'redevelopment policy' to initiate building of affordable houses in place of old colonies, a senior official said in Ahmedabad on Monday.
Mumbai builder proposes world's tallest building in Surat
Dec 31, 2014
SURAT: Mumbai builder proposes world's tallest building in Surat
Khajod bourse realty to have cost curbs
Dec 30, 2014
SURAT: The rates of properties in the upcoming Surat Diamond Bourse (SDB) at Khajod will be cheaper compared to any other posh area of Surat
City's new development plan to be transport-centric
Sep 30, 2014
Surat Urban Development Authority (SUDA) will adopt a transport-oriented pattern for its new development plan and promote taller buildings
Religious structures built on public land may be shifted
Sep 01, 2014
Surat Municipal Corporation (SMC) has identified 450 religious structures that exist on public land in the city, and of these only 60 have some history. The rest have been built in the past two decades and would be treated as encroachments
Surat Diamond Bourse effect: Property prices head northwards
May 22, 2014
SURAT: The prices of properties in Vesu, Dumas, Bhimpore and Piplod are witnessing a sudden boom ever since an announcement was made recently by some diamantaires about their plan to set up operations of Surat Diamond Bourse (SDB) on Dumas Road in the city.
SMC crosses Rs 500 crore mark in property tax collection
Mar 29, 2014
SURAT: For the first time in its history Surat Municipal Corporation (SMC) will collect Rs 500 crore and more from property tax this year ending 2013-14. Against the demand of 607.54 crore, it has already recovered Rs 504.68 crore as property tax till date and is likely to touch the figure of Rs 525 crore by 31 March, 2014.
Surat Municipal Corporation recovers Rs 480 crore property tax
Mar 13, 2014
SURAT: Against the current demand of Rs 607 crore for year 2013-14, recovery department of Surat Municipal Corporation (SMC) has recovered property tax of Rs 480 crore by the end of February, 2014.
Gujarat Confidential: Helping hand
Feb 06, 2014
AHMEDABAD: Helping hand-Vadodara Mayor Bharat Shah turned Good Samaritan on Tuesday by lending a helping hand to victims of an accident. In the morning, while he was on his way to a private function, Shah witnessed an accident that involved a straight collision of about five vehicles on the Jail Road. An auto-rickshaw carrying two lady passengers suffered the maximum impact, with the women sustaining grievous injuries. Shah, who was also accompanied by BJP city president Bharat Dangar, immediate
Property broker murdered in Surat
Jan 28, 2014
SURAT: Three persons, including a couple, were booked by police on Sunday in connection with the murder of a property broker in Puna police station area of the city. Police suspect that the broker was murdered over an illicit affair.
Wind power project: Panel clears urban poor housing proposal
Jan 27, 2014
SURAT: At a time when Surat Municipal Corporation's(SMC) own electricity bill is likely to cross Rs 100 crore per anum , the ruling class of the city has decided to deliberate and discuss , the proposal of setting up a Rs 47 crore windpower plant to generate own power.
Illegal constructions of eight properties demolished
Dec 09, 2013
SURAT: As a first part of the mega Demolition drive under taken by Surat Municipal Corporation (SMC) , illegally constructed portions of eight properties were demolished in Central zone area of the city. In all 69,00 sq meters of illegally constructed top floors of properties were demolished with the help of 150 strong staff and machines.
Realty sector suffers slump
Nov 16, 2012
SURAT: Realty sector in the city that had been growing at an average of 10-14 per cent for the past five years has suddenly shown a reverse trend. The decrease in terms of new projects has been as steep as 40 per cent during Navratri and Diwali months. Surat Municipal Corporation (SMC) on an average has sanctioned around 353 projects every year since 2007.

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