Latest Realty News

Builders expect home sales to pick up, line up schemes to woo customers
Aug 19, 2014
For a few years now, the usually peak festival season hasn't been a time of joy for the housing business, but this year builders are hopeful of a revival after the Narendra Modi-led BJP swept to power in Delhi and business sentiment improved
Steep rentals, lack of quality retail real estate making it tough for luxury brands to expand busine...
Aug 19, 2014
Steep rentals and lack of quality retail real estate at strategic locations near high-income neighbourhoods are making it hard for luxury brands to expand their business in the country in a viable manner, forcing many players to tweak their business plans and go slow
‘No occupation papers but forced to take flat’
Aug 19, 2014
Deepak (name changed) had invested in a 2-BHK apartment at Vatika India Next in Sector 82, hoping it would be his dream home in Millenium City with all modern facilities, while he lived in a rented pad in the capital. The project, however, has been delayed and he says he is now being forced to take possession without a grant of occupation certificate (OC)
From joy rides to high-street outlets, Ghansoli’s Central Park to have it all
Aug 19, 2014
The Navi Mumbai Municipal Corporation (NMMC) is set to develop a theme-based Central Park in Savali village, Ghansoli
Gujarat retail experience: Over 30 percent of malls in Ahmedabad lie vacant
Aug 19, 2014
A city that was once hailed as the country's prime shopping destination which introduced the concepts of modern retailing - like heterogeneous product mix, air-conditioned ambiance and attractive price points - is now struggling to fill up the empty space in it's malls
At Greater Noida, UP govt begins work on creation of industrial township
Aug 18, 2014
The government of Uttar Pradesh has signed an agreement with the Delhi-Mumbai Industrial Corridor (DMIC) Development Corporation for the creation of a Special Purpose Vehicle (SPV), which will oversee the creation of an integrated industrial township spread over 750 acres in the Greater Noida region
Focus now on ‘smart cities’, satellite towns of Mumbai
Jul 12, 2014
MUMBAI: Internal roads, street-lighting, water supply and sewage networks in Mumbai’s satellite towns like Kalyan-Dombivli, Bhiwandi-Ulhasnagar, Mira-Bhayander, Panvel, Ambernath, Kulgaon-Badlapur and Nallasopara may get better soon.
Campa residents see hope in SC’s remark
Jul 10, 2014
MUMBAI: The residents of Worli’s Campa Cola Compound believe that the Supreme Court’s latest observations have offered them a ray of hope. But legal experts are cautious in their opinion on whether this paves the way for regularization of the unauthorized floors of the compound’s buildings.
Rail Budget to push Mum-Ahd bullet train
Jul 10, 2014
MUMBAI: The first Mumbai-Ahmedabad high-speed train proposal may get a push in the new government’s maiden rail Budget considering PM Narendra Modi’s promise of a diamond quadrilateral of bullet trains to connect the four major cities of Mumbai, Delhi, Kolkata and Chennai.
SC: Deal with Campa Cola as per law
Jul 09, 2014
MUMBAI: The Supreme Court on July 7 did not agree with the BMC that residents of unauthorized flats in Worli’s Campa Cola Compound have committed contempt of court by not vacating their residential units in disregard of the SC’s February 27 judgment.
Thane, Navi Mumbai flat prices up 85%
Jul 09, 2014
MUMBAI: A five-year price analysis of residential realty market in 11 cities shows that the ever-expanding Navi Mumbai and Thane have registered the highest percentage of increase in home prices across the country. They are followed by Mumbai.
Mahindra makes a bold bet on affordable homes
Jul 09, 2014
MUMBAI : The Mahendra group's recent foray into affordable housing is significant for two reasons. For one, it is after a long hiatus that a big business house has ventured into real estate. In the 1990s, many large groups, especially those with land banks in prime locations, had drawn up fancy plans for the sector but quietly retreated when they realised the complexities of the business. (Land is a state subject and so, each market has its own sets of rules and regulations. There are, therefore
Mumbai: Residential demand increases in eastern suburb
Jul 07, 2014
MUMBAI: The hitherto low-profile eastern suburb of Mumbai, starting from Kurla to Thane on the Lal Bahadur Shastri Marg, is fast becoming the next commercial hub of the city with tiny office complexes and new-age retail destinations, giving tough competition to its southern and western counterparts such as Nariman Point, Worli-Lower Parel and Bandra-Kurla Complex, among others.
Infrastructure growth driving Mumbai’s realty
Jun 15, 2014
MUMBAI: Infrastructure is one of the deciding elements for finalising a property. A location that has good infrastructure development, commands high property rates and has good growth prospects and vice-versa. Shailesh Puranik, managing director, Puranik Builders, explains that “Buyers generally look out for basic infrastructure such as good and widened roads, easy connectivity to railway stations, airports, arterial roads, adequate supply of water and electricity, enough open spaces, and others
Not a single Campa Compound resident returns keys
Jun 15, 2014
MUMBAI: The deadline for vacating illegal flats in Worli’s Campa Cola compound lapsed at 5pm, June 12, but not a single resident submitted keys to their ward office, as asked by the BMC. The civic body now plans to enter the premises on June 17 to cut electricity, water and gas connections, following which it will start demolishing the internal walls of the flats to make them uninhabitable.
Campa residents divided as deadline gets over
Jun 15, 2014
MUMBAI: June 12 marks the final deadline for residents of the illegal flats at Worli’s Campa Cola compound to vacate their apartments and hand over the keys to the local G South ward office. The BMC on June 13 is likely to serve notices, saying they will enter their premises and take action to evacuate the occupants.
Mumbai’s Vasai-Virar belt offering affordable homes
Jun 15, 2014
MUMBAI: For most homebuyers who are looking for affordable homes, the Vasai-Virar belt has many good projects to suit their budget and needs. With office premises shifting from south Mumbai to the city’s western suburbs and rehabilitation of slums going on in full swing, the areas are witnessing huge interest from buyers.
Infrastructure growth driving Mumbai’s realty
Jun 14, 2014
MUMBAI: Infrastructure is one of the deciding elements for finalising a property. A location that has good infrastructure development, commands high property rates and has good growth prospects and vice-versa. Shailesh Puranik, managing director, Puranik Builders, explains that “Buyers generally look out for basic infrastructure such as good and widened roads, easy connectivity to railway stations, airports, arterial roads, adequate supply of water and electricity, enough open spaces, and others
Redevelopment of pagdi properties in Mumbai
Jun 01, 2014
MUMBAI: For redevelopment of tenancy properties, there are three parties between which the agreement for redevelopment is done
The opportunity in Mumbai’s inventory overhang
May 31, 2014
MUMBAI: The uncertainty in the real estate market has existed for some time now. With the market having been in a wait and watch mode and the growth figures of the Indian economy not looking so bright currently, the developers in Mumbai have found it tricky to offload their inventory. New property launches have definitely reduced in the market. This situation has led to a price reduction and handsome discounts or attractive freebies have been around for some time.
Affordable Housing in Delhi,Property in Delhi,Real Estate in Delhi
May 28, 2014
MUMBAI: After facing flak for being “inhuman” when evicting residents to raze the 35 illegal floors in Worli’s Campa Cola compound last November, the BMC is now treading carefully.
‘Infrastructure will propel growth in 12-18 months’
May 26, 2014
MUMBAI: There is unison in thought among India Inc that accelerating infrastructure projects is the way forward for the new Government to recoup growth to the 8-10 per cent levels.
To shift lenders or not?
May 22, 2014
MUMBAI: When home loan rates go down, existing home loan borrowers often wish they had delayed their decision to buy the property. Some even shift lenders when the rate difference becomes substantial. State Bank of India (SBI), the country’s biggest lender, has been advertising its ‘cheapest rate’ and encouraging existing borrowers to shift.
Oshiwara is poised for growth in Mumbai
May 21, 2014
MUMBAI: Located between Jogeshwari and Goregaon, Oshiwara is the sovereign destination along with a superlative infrastructure setup and excellent connectivity to all parts of Mumbai.
Infrastructure drives real estate along NH3
May 21, 2014
MUMBAI: Infrastructure growth has given impetus to the real estate market across India. The widening of the eastern express highway and construction of a number of flyovers on this stretch led to the increased accessibility of Thane and adjoining areas to south and central Mumbai, resulting in rapid development of Thane and adjoining areas. Similarly, the areas along the National Highway 3 (NH3) are also likely to see considerable transformation, due to its widening into a four-lane highway.

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