September 28, 2009 – 2:03 pm
The upward movement has begun. Not only have the sales picked up, but the prices of residential property too have increased 5-15 % in the last couple of months. With a long festive season ahead, realty experts believe property markets could see heightened activity, provided developers desist from increasing prices of residential space any further. […]
September 26, 2009 – 4:43 pm
The Maharashtra Chamber of Housing Industry (MCHI) will organize an exhibition `Property 2009′ at MMRDA Grounds, Bandra Kurla Complex, from October 1st to 4th. Over 75 real estate developers will showcase their projects in Mumbai and suburban areas such as Thane and Navi Mumbai, besides Pune. State Bank of India is the co-organizer of the […]
September 26, 2009 – 12:00 pm
Knight Frank has introduced a real estate guidebook for India. The book provides information needed to invest in real estate market. Mr Pranay Vakil, Chairman-Knight Frank India, said, “We felt the need for a single credible source of information for which we brought together the best minds of the industry in business. This book makes […]
September 25, 2009 – 1:01 pm
Knight Frank India said that prices in the residential property segment are likely to decline in a short time. Knight Frank India Chairman Pranay Vakil said, “We feel prices of residential segment may go down over a period of time”. Further he added that the residential segment may see a robust demand in certain markets […]
September 25, 2009 – 1:00 pm
The Reserve Bank of India instructed banks to meticulously assess the inherent group risk on borrowal accounts coming under the real estate category. This caution comes in the wake of the RBI’s findings that some of the companies operating in the sector have significant exposure in the form of advances, investments etc., to their subsidiaries […]
September 24, 2009 – 11:53 am
Lodha Developers Ltd. has been selected as one of the India’s top ten builders on the basis of a survey conducted by Construction World, India’s premier magazine for the construction sector. The survey was conducted over a period of 4 months among a spectrum of handpicked audience comprising industry professionals from across India. Mr. Abhisheck […]
September 24, 2009 – 11:14 am
Century Real Estate is the latest to join the affordable housing bandwagon. It has come up with ‘Century Indus’ project that offers apartments in the Rs 20-30 lakh category. Mr P. Ravindra Pai, MD, Century Group said, Acquiring land at historical rates has helped the company make the project affordable. The company has a land […]
September 22, 2009 – 3:58 pm
The increased supply of ‘affordable’ housing and the demand for it has improved volumes for developers, but this has also meant that the rise in values has been significantly less. Balakrishna Hegde, former president of CREDAI, Bangalore, points out that while volume demand is up by 50% to 60%, the rise in value has only […]
September 21, 2009 – 11:58 am
Raising home prices may anticipating festive season demand. Mr. Niranjan Hiranandani, MD of Hiranandani Group, said “It is not very wise to increase prices drastically now”. Further he said, “The market has just recovered and buyers are returning back”. The shortening of supply due to a 45% decline in new projects in tier-I cities has […]
September 19, 2009 – 12:05 pm
In a move that could have implications for the process of land acquisition for industry, the Dharwad district administration has introduced a system to prevent delay in processing applications linked to land conversion. The Deputy Commissioner, Mr Darpan Jain said that though according to Section 95 of the Karnataka Land Revenue Act, 1964, permission for […]
September 17, 2009 – 12:40 pm
Bajaj Auto vice chairman Madhur Bajaj, who in his personal capacity owns over 350 acres of land under Emerald Acres, plans to liquidate a large portion of his land-holdings to unlock value as the real estate sector looks up after the downturn. He said that he has no plans to venture into real estate development […]
September 17, 2009 – 11:41 am
The tax on income from house property has all along been on one’s potential income and not on one’s actual income unless the latter happens to be greater than the former. The Direct Taxes Code strays away from its basic objective by factoring the cost of construction or purchase where rateable value has not been […]
September 16, 2009 – 12:31 pm
City Corporation has started apartment exchange scheme. This exchange scheme meant for its future customers who would exchange their present house with an apartment in the firm’s Amanora Park Town project in Pune. City Corporation would buy old apartments from customers, renovate them and sell-off through an established network of real estate agents. City Corporation […]
September 15, 2009 – 4:54 pm
Photo by truedudiMafatlal Industries has put an eighty five thousand sq ft property in central Mumbai on the block hoping to generate between Rs 100 cr and Rs 150 cr. The proceeds will be used to revive the operations of the loss-making company. A senior company official confirmed the decision to sell the property and […]
September 12, 2009 – 3:45 pm
With a recovery in the residential portion of the real estate sector gaining ground, developers in Mumbai are banking heavily on the premium category. While relatively older apartments in South and central Mumbai continue to command a premium, new properties in these locations have not been left behind. Developers said that the big-ticket deals in […]
September 8, 2009 – 11:53 am
New Delhi has been considered the business of real estate in India. With the growing number of students, tourists and bureaucrats, the real state of Delhi has become an area offered in India. Apartments, houses, land, agricultural and industrial lands, industrial and residential plots, are the main segments in which the real estate industry in […]
September 8, 2009 – 11:04 am
The real estate recovery story is being driven by the residential segment, but contrary to the claims made by a number of developers that end-users are their main buyers, the current trend is being driven by investors. Investors are back in good numbers and before the curve goes up, they want to buy. Some who […]
September 7, 2009 – 1:52 pm
Though realty prices across India are still smooth, Mumbai’s realty market has surely started heading north. Realtors in Mumbai have hiked prices for their developments by 5-15%, depending upon the location. Modern India Ltd, a Mumbai-based realty company, has finalized the sale of 4 residential flats, sized 2,100 square feet each at its high-end Belvedere […]
September 3, 2009 – 5:30 pm
The common and simple terminologies used (in fact misused) and often discussed in real estate industry generally end up into lots of confusion.Our aim is to provide an information for a common man having some kind of interest in sale /purchase or renting of properties.Surely you will find it useful: A. Built-up area: It refers […]
September 3, 2009 – 5:10 pm
Real estateAs we all know that property buyers are coming back to market, this time can be marked as market revival time. Once again the buyer has lots of choices and the seller has more profit from dealing. After observing the increase in demands in real estate industry, developers are all set to increase the […]
August 21, 2009 – 6:25 pm
The global economic slowdown has provided end users a unique opportunity to buy their sweet homes as prices in many areas in National Capital Region have fallen steeply. Apartments are now available in some markets at almost 50 percent of the prevailing price a couple of years ago. The average price in Gurgaon has fallen […]
August 15, 2009 – 2:44 pm
New trend of real estate industry is the green building concept. Such green buildings are environment friendly and energy efficient. A green building uses less energy, water and natural resources, creates less waste and is healthier for the people compared to a standard building. According to Mr. Ajay Mathur, Director General for Bureau of Energy […]
August 12, 2009 – 7:13 pm
According to CREDAI, real estate sector is picking up in both residential and commercial sector. Both real estate sectors are getting more and more enquiries. Along with enquiries, demand in both sectors has also increased. However, there are various major and minor factors behind this, but two major factors are, affordable housing concept and reduction […]
August 11, 2009 – 6:55 pm
HDFC chairman Mr. Deepak Parekh said that there is need of real estate regulator at state level to deal with issues concerning the housing sector. He pointed out that the Government should layout an institutional framework for a real estate regulator. Regulators’ role would be to regulate the affordable housing agenda, promote real estate reforms and ensure transparency […]
Everybody is cursing recession as it resulted into slowdown in market. But, have you ever realized that there is always some positive aspect behind every off-putting phase. Recession has changed the point of views of consumers, lenders and developers as well. Consumers became more cautious during spending their saved money. On the other hand developers […]
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