January 15, 2013 – 6:26 pm
New home launches in major cities of India have dropped by 16%. Tracking the top eight cities of India, global property consultant Cushman & Wakefield reports. In 2012 nearly 1,62,000 housing units were launched in top 8 cities of India including Mumbai, Hyderabad, Bangalore, Delhi, Chennai, Kolkata, Pune, and Ahmedabad. 2012’s new home launches are […]
December 13, 2012 – 7:12 pm
CCI has initiated probe against a major real estate firm which is alleged of conducting anti-competitive practices. Five other major real estate firms are included in the list. The Competition Commission of India (CCI) has received many complaints against some major real estate dealers being anti-competitive. Nearly five real estate firms are alleged of anti-competitive practices. All of […]
December 4, 2012 – 4:03 pm
Real estate builders now use social media to preserve their reputation. Their reputation is tainted by hostile home buyers who express their negative comments. Real estate builders expect to shield their reputation by appointing online reputation managers. Many real estate companies have hurriedly appointed online reputation managers.
November 17, 2012 – 6:53 pm
Andhra Government has recently launched online approval system for real estate buildings. The Apex body of the developers- CREDAI penned it down as highly appreciable real- estate-reformation. Single window system for approving real estate projects will speed up the delivery. Confederation of Real Estate Developers’ Association of India had earlier blamed the red-tapism and corrupted […]
Williams & Williams, the premier brand in real estate auctions, today announced it will auction Indian Springs Country Club in Broken Arrow, Oklahoma. This private club offers a first class experience with an array of amenities and recreational sports, making it an appealing and unique income-producing investment. The live auction will take place on Tuesday, […]
Interest rates and escalating property prices had forced many prospective buyers to postpone their plans of buying a house. However, the recent easing of monetary policy by the Reserve Bank of India (RBI) has brought them relief in at least one aspect-lowering of interest rates. Many public and private sector banks have announced a cut in their interest […]
Mumbai land prices, India’s most expensive, may extend their 15 percent decline this year as high borrowing costs force indebted developers to sell real estate, Oberoi Realty Ltd. (OBER) Chairman Vikas Oberoi said. Land transactions have dried up as buyers aren’t willing to pay higher prices or “ferociously” compete to purchase land, while sellers have been holding […]
Piramal Realty has acquired Gulita – property in south Mumbai from Hindustan Unilever for R452Cr. Piramal Realty is planning to develop high-end luxury apartments on the one-acre land and Ajay Piramal might keep a part of it for his personal use, given the premium location, according to ET. Gulita is a one-acre property in Worli Seaface, which […]
Gudi Padwa, a festival which earmarks new beginnings and new hopes to everybody’s life. Hence many builders announce their new projects at this point of time taking into consideration the sentiments of the local market. The festival is widely celebrated in the state of Maharashtra and as for common people in India, a home is a […]
By skgupta
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Posted in Property News
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Tagged affordable housing projects, Crr, Gudi Padwa, Indian Realty Sector, Maharashtra, Mumbai, New Projects, New Urban Family Sector, Pune, Rbi., Residential Properties, Sakal Gudi Padwa Grihotsav 2012, Union Budget 2012
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Capital values rose in Gurgaon’s residential sector over the last one year. Developers are now going slow on execution of real estate projects, resulting in a drop in supply of residential apartments in most prime markets. Emerging residential areas are still not able to meet the huge housing demand. Due to rampant construction delays, the […]
By skgupta
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Posted in Property News
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Tagged commercial property sectors, developers, Dwarka Expressway, Emerging residential areas, Golf Course Extension, Gurgaon, Gurgaon’s residential sector, huge housing demand, major global players, Manesar and Dwarka, mid-income buyer group, National Highway 8, prime markets, promising for office space, rampant construction delays, safe investment bet, Sector 78, Sectors 70
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As per the budget proposal, the threshold will be over Rs 50 lakh an urban areas and Rs 20 lakh elsewhere. Also the TDS at the rate of 1 per cent on transfer of immovable property (other than agricultural land) above a specified threshold will also add to the cost of buying a house. Cement […]
By skgupta
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Posted in Property News
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Tagged a Realty consultant, affordable housing segment, Application of TDS, budget proposal, Buy or Build a House, Cement and steel manufacturers, Chairman Pradeep Jain, Confederation of Real Estate Developers' Association of India (CREDAI), DTZ, exempted from service tax, Jones Lang LaSalle India Chairman and Country Head Anuj Puri, Realty players, TDS, transfer of immovable property, Union Budget 2012-13.
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As the speculations about the Union Budget 2012-13 already doing the rounds, city’s real estate industry also has expressed its expectations. Mainly revolving around increased subsidy on interest rate for loans towards affordable housing and industry status for taxation and construction and relaxation of FDI up to 51 per cent into multi-branding, the industry is […]
By skgupta
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Posted in Property News
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Tagged Bangalore, CEO of Vakil Housing Development Corporation Limited, chairman and MD of Synergy Property Developments Services., favourable budget, FDI, H R Girish, highs and lows in 2011, Home Loan Rate, president of CREDAI, RBI’s intervention, Real Estate Industry, Sankey Prasad, Sushil Mantri, Union Budget 2012-13.
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More trouble for the builders, farmers of Yamuna expressway may target F1 track. After Noida and Greater Noida, its now turn of Yamuna Expressway land row to cause worries among thousands of homebuyers. Farmers more than 30 villages, along the Greater Noida – Agra toll road, the villagers decided to move to Allahabad High Court […]
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Tagged agra toll road, Allahabad, Allahabad High Court, Builders, farmers, Formula 1, Greater noida, Land, Land Acquisition, noida, Yamuna expressway
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Since family income is rising, hill stations in India are becoming attractive real estate destinations for more and more Indians. While some want an embode in hill stations as only a holiday home, others want it as a second home they can drop in any time they want a break from a fast life. According […]
Inflation and peaking cost of raw materials have started denting in the balance sheets of the real estate firms here. In spite of bleeding balance sheets and dipping return on investment, the firms here commit that they will give the housing units to the buyers at the booking price only. KC Naik, president, Mangalore chapter […]
AHMEDABAD: The great Gujarati joint family is urging topend realty. Amid buzz of stagnancy in city’s property market, super luxury apartments are selling like hot cakes. Realtors may struggle to sell 2 and 3 BHK homes, but buyers, mostly large joint families, are lining up to book 5 and 6BHK flats. In large flats of […]
Acron Infra Project, Mumbai-based developing company is building a large residential multiplex at Karvenagar which is in the heart of Pune, a 3-hrs drive from the metropolis of Mumbai. They are building a big, affordable residential complex with a total of 2,800 apts spread over a 24-acres green campus. The Director of Acron Group said […]
The smaller apartments are selling big! Presently, the maximum demand is for 2BHK residential apartments and the supply is fullfiling this demand. No wonder, some developers claim 55-60 percent of their current inventories are 2BHK units, the GM – Marketing of Ashiana Housing Ltd., Atma Sharan, says the same, “About 55-60 per cent of our […]
NEW DELHI/MUMBAI: A 25 basis point rise in key interest rates by the RBI on Thursday is likely to further squeeze home sales across the country, some developers and bankers said in the midst of increase in bank rates. Customers will now have to reconsider the size and locations of houses they wish to purchase […]
India’s business capital, Mumbai, is witnessing a decline in demand for office and commercial space with dealings down by more than half since last year. Classy office space in the center of Mumbai, but it looks there are few buyers. According to a report, need for commercial real estate is lingering. Dealings of 0.88 million […]
Summer indicates a calmness for the real estate sector as transaction volumes take a downward leap. The trend is clear seeing that estate project launches have been the least during the second quarter from 01st April 2011 to 30th June 2011. As many as 46,093 high rise apartments were launched between January 2005 till December […]
Fire Capital, the first private equity fund focused on the Indian real estate sector , plans to increase $100 million to capitalize in housing projects. The company will increase the money initially from its existing investors in the US to invest in tier-II and tier-III cities in states like Haryana, Punjab, Rajasthan, told the CEO […]
Puravankara Projects Ltd. will take a call on incoming the hospitality sector in 6-8 months and which segment to target would depend on the city and the site’s location, according to a top company official. “The company possessed properties in city centres that were suitable for hospitality projects. However, the organisation has put them on […]
December 17, 2010 – 5:51 pm
Proper documentation is one of the most critical step in the process of property acquisition. A promoter should enter into written agreement to sell with each of the persons who are to take or have purchased property. The agreement should contain particulars of the property and also annex related documents. In case of a property, […]
December 15, 2010 – 6:26 pm
The infrastructure and real estate sectors have grown phenomenally over a period of time, making India one of the most preferred destinations for investment in the Asia-Pacific region. The real estate boom in India is supported by its own flourishing economy on a sustainable basis. Selling and buying Indian property is now considered to be […]
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Posted in Property Events
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Tagged Asian Business Exhibition & Conferences Ltd, ET REALTY EXPO 2010- Mumbai, Godrej Properties Ltd., Hicons Developers Pvt. Ltd., Hiranandani Group, HSBC, Indiabulls Real Estate Ltd., Kalpataru Ltd., Kumar Properties Group, Nahar Group, Parinee Pvt. Ltd., Real Estate, RNA Corp., Royal Palms India Pvt. Ltd., Sbi, Sunteck Realty Ltd., The Wadhwa Group
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