Latest Realty News

Developer may oppose rehabilitation of slum-dwellers on Mumbai airport land
Sep 21, 2014
The on-site rehabilitation of slum-dwellers on airport land is likely to face opposition from developer HDIL
Student engineers to also help Modi build smart cities
Sep 17, 2014
Engineers from various institutes, including the Indian Institutes of Technology (IITs), could help Prime Minister Narendra Modi with ideas to build smart cities across the country
Housing society can approach other builder for redevelopment: HC
Sep 16, 2014
There was no relief from the Bombay high court for Kalpataru Properties in a mega redevelopment project in Kandivli
For luxurious Mumbai flats, even owners shell out ‘rent’
Sep 15, 2014
Fancy apartments in new luxury buildings not only cost a king's ransom, but also need a fortune to be kept in possession
Mumbai housing societies go hi-tech with online community portals
Sep 15, 2014
Housing societies going online to manage their day-to-day affairs
BKC is Mumbai's new smart address, says Boman Rustom Irani
Sep 12, 2014
Looking for an office or residential space in a posh district of South Bombay is now passe. Reiterating this new development is Boman Irani, chairman and managing director of realty major Rustomjee, who believes that Bandra Kurla Complex will emerge as a pre-eminent real estate destination soon
Redevelop all unused plots in industrial areas’
Sep 11, 2014
If all goes according to plan, the civic body may soon convert all defunct industrial plots for commercial or residential use
130% increase in cost of new development plan for Mumbai, thanks to delays
Sep 06, 2014
An over 130% cost escalation for the preparation of the new development plan (DP) for the city was disclosed on Friday, with the burden on the exchequer rising to Rs 12.83 crore from Rs 5.48 crore
Housing body may take on Cidco for levying transfer fees
Sep 06, 2014
The city co-operative housing federation may move the court against City and Industrial Development Corporation (Cidco) for levying transfer charges every time a property is put for sale
Rise of property prices slack in city
Sep 04, 2014
The prices of residential property in Mumbai witnessed a 16 per cent increase over the last three years as compared to 41 per cent and 28 per cent in Bengaluru and Pune, respectively, according to the latest report from global real estate consultant, Cushman & Wakefield
Narayana Murthy invests in realty, Azim Premji to follow suit
Sep 04, 2014
Property has always been a major investment avenue of the rich. Now, some of the people one would expect to focus on enterprising ventures are also looking at rent-yielding property
Finally, Chavan okays 2.5 FSI for old buildings in city
Sep 04, 2014
The residents of old and dilapidated buildings have reason to cheer. Chief minister Prithviraj Chavan has given his nod to the long-pending demand for 2.5 FSI on Tuesday, ensuring faster redevelopment of these buildings, constructed by City and Industrial Development Corporation (Cidco)
Luxury homes in Pune beat affordable ones in demand
Sep 04, 2014
The city's high-end residential segment has shown a smart 39% rise in capital value in the 2011-14 period — the highest any market has shown in the country, a report by real estate advisory company Cushman & Wakefield has said
26 allottees of multiple flats in chief minister's quota face state action
Sep 03, 2014
The state government has prepared a list of 26 people, including prominent politicians, who will face action for occupying more than one flat under the chief minister's quota by producing false affidavits
Government appoints committee to study SRA in Lake City
Sep 02, 2014
Chief minister Prithviraj Chavan paved the way for implementation of the Slum Redevelopment Authority (SRA) scheme in Thane city on the lines of Mumbai SRA ahead of elections
State ordinance clears hurdles for conversion of land use in Maharashtra
Aug 30, 2014
To ensure that there are no hurdles for conversion of land use from agricultural to non-agricultural, the state government has issued an ordinance amending the Maharashtra Land Revenue Code, 1966
Real estate development at Mumbai airport takes off with Rs 580-cr deal
Aug 28, 2014
Real estate development at the airport here has taken off, with Mumbai International Airport Ltd (MIAL) leasing a 5.5-acre plot near the international terminal at Sahar to Oasis Realty for Rs 580 crore
PM Modi's 100 days: Smart cities set for take-off, state governments asked to identify cities
Aug 28, 2014
Among PM Modi's pet plans, few would be more significant to India than building 100 smart cities, as the country is in the middle of a massive wave of urbanisation
Cidco to transfer 101 plots to NMMC for schools, parking lots, night shelters
Aug 28, 2014
The City and Industrial Development Corporation (Cidco) will transfer 101 plots to Navi Mumbai Municipal Corporation (NMMC) in a phased manner, subject to payments
Over 2 lakh flats remain unsold due to demand-supply gap
Aug 27, 2014
The unabated demand-supply gap in the residential property market has created a pile-up of 2,13,742 unsold units, according to a Knight Frank India report
Kolte-Patil Developers eyes 30% revenue from Mumbai market
Aug 25, 2014
Betting big on the Mumbai's residential redevelopment market, Pune-based realty player Kolte-Patil Developers is expecting nearly 20-30 per cent of its revenues from this market in the next three years
Bangalore tops in home price rise
Aug 21, 2014
For long, Mumbai and Delhi-NCR have always given property buyers the best capital value appreciation. After the downturn years, however, it's the IT-led cities of Bangalore and Pune that have surged ahead in capital appreciation in residential properties
Cost of houses pretty high, scope for reduction: RBI's S S Mundra
Aug 21, 2014
Residential property prices in India have a lot of scope for reduction as supplies are sufficient, a top RBI official said
Interest subsidy for low-cost housing to be hiked up to 5%
Aug 21, 2014
Home loans for the underprivileged are set to get more affordable with the government planning a new interest subvention scheme, which will meet part of the home loan burden
Real estate developers offer discounts to push sales
Aug 20, 2014
Property discounts will get real this festival season, after a gap of about two years

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