Cities
Nagawara in North Bangalore is fast developing as a one-stop destination for property buyers. The area is becoming popular as it is close to many schools, IT companies, hospitals and good connectivity. In the Oct- Dec 2012 quarter, the area has witnessed a capital appreciation of almost 20 percent. The second phase of metro route [...] Continue Reading »
Gujarat- The state eminent for its affordable housing will not offer cheap homes as per government plans. The Gujarat Housing Board (GHB) has not proposed cheap prices of apartments in major cities. The price of one bedroom apartment proposed by Gujarat Housing Board is around Rs 11 lakh. While a two bedroom apartment unit will [...] Continue Reading »
Thiruvananthapuram- The Kerala government has revised the guidelines governing the ownership of constructions on wetlands and paddy fields. According to the circular issued by the local self-government department in 2012, the ownership of a property converted from a paddy field or wetland or a house constructed on the property cannot be changed for 10 years. [...] Continue Reading »
As Gurgaon is booming steadily upwards in terms of real estate prices, various companies and industrialists are looking for investing in other options beyond the National Capital Region (NCR). As a result, Dharuhera, Bawal and Jhajjar in Haryana are emerging as alternative real estate destinations. The latest real estate destination is ‘Jhajjar’ in Haryana district. [...] Continue Reading »
KR Puram, a suburb located in the eastern part of Bangalore, has witnessed an increase of 21 percent in property price in the last quarter (Oct 2012- Dec 2012), the price of affordable projects range from Rs 2,994 to about Rs 3,869 per sq ft. KR Puram has recorded an upward trend in property prices [...] Continue Reading »
Gurgaon- The district administration has increased the circle rates in Gurgaon by up to 15 percent, which is likely to pave way to a significant rise in the prices of properties and plots across residential, commercial and industrial areas. The new rates would come into effect starting from April 1st. As per the new rates [...] Continue Reading »
Confederation of Real Estate Developers Associations of India (CREDAI), which represents the organised real estate developers and builders across the country is planning to aim towards affordable housing, green buildings, water harvesting and skill development among construction workers. In this regard, the realtor body has asked the government to expedite the project approval process. CREDAI [...] Continue Reading »
Vadodara- To curb uncontrolled developments on the outskirts of the city, Gujarat’s urban development department has issued a notification saying that it will provide amenity spaces in the areas which do not have town planning (TP) schemes. The department has proposed to make a variation in the existing General Development and Control Regulation (GDCR) of [...] Continue Reading »
Punjab- The Punjab government is all set to impose property tax from April 1, 2013. The government is expecting to collect nearly Rs 1000 crore annually by this exercise. The state has been divided into eight zones in order to calculate tax ratio on property. The zoning has been done on the basis of prevailing [...] Continue Reading »
Jones Lang La Salle said that though smaller cities are offering a great deal of opportunities for real estate investments, this year, private equity funds will flow into large cities like Delhi, Mumbai, NCR and Bangalore as investors are looking for matured markets than speculation driven one. From the occupiers’ perspective, investors are looking to [...] Continue Reading »
