Cities
Delhi-NCR : The development of seven new townships, which spread over 20,000 hectares along the proposed Delhi-Jaipur Expressway, are to get nod from the Government. The plan for townships in Manesar, Pataudi and Rewari has been already approved by the Haryana Government, while Rajasthan is expected to allow four new townships in Behror, Kotputli, Sahapura [...] Continue Reading »
Mumbai- HDFC said that there wont be any property price correction in Mumbai as the demand for properties are very strong. The real estate demand in Mumbai has always been high. The only real elements that may likely to reduce the prices are the dramatic advancement in making by-laws, which will allow more high rises [...] Continue Reading »
Hyderabad- Among the seven top metrocities, Delhi-NCR and Pune had the highest growth in the realty capital value during 2012. According to Jones Lang Lasalle, the average growth in the capital value was between 1-3 percent. The rate of capital value growth was slower in cites like Bangalore and Hyderabad and even the price correction [...] Continue Reading »
Mumbai-The property rates in Mumbai is touching the sky but if you dream to buy a second home in Mumbai or surrounding areas, then your dreams can come true now as Karjat, a small town in Navi Mumbai is offering affordable housing. The price per square feet of an apartment ranges from Rs 2,200-2,800 per [...] Continue Reading »
Chennai- Shriram Group’s real estate arm, Shriram Properties, is all set to launch a senior friendly residential project near Guduvanchery, off GST Road, in South Chennai. Collaborating with Age Ventures India (AVI), Shriram Properties has exclusively designed “Shankari Sanjeevani” in order to facilitate senior citizens with their changing practical needs. The project comprises of 134 [...] Continue Reading »
Pune- DHL, the global market leader in the logistics industry, will be the first tenant in IndoSpace Chakan industrial and logistics park at Pune, according to a source of the company. The industrial park, spreads across 100 acre, was developed at a cost of Rs 400 crore by Realterm Everstone Development Management, which is a [...] Continue Reading »
Bangalore- Owing to depleting water level in the Tippagondanahalli Reservoir (TGR), the Bangalore Water Supply and Sewerage Board (BWSSB) has discontinued water supply to the city from the reservoir from past three weeks. Lack of rainfall has led to low water level following which came the decision of stopping water supply. Recently, the water level [...] Continue Reading »
Over the past five years, housing finance penetration has remained stable in India, reports ICRA Limited, an Indian credit ratings agency. The penetration levels in other developing countries are significantly higher than in India. The report states that the penetration rate increased from 4.5 percent as on March 2004 to 7 percent in March 2007. [...] Continue Reading »
Pune- The Pune real estate market is attracting good number of investors and buyers. The developers are also showcasing new projects in various destinations. The project inculdes both premium and affordable housing. Talegoan is located on the Bangalore-Mumbai expressway, hence it is not only attracting buyers from Pune but also from Mumbai and Bangalore. The [...] Continue Reading »
A builder was asked to pay compensation of Rs 2 lakh to a couple by the Maharashtra State Consumer Commission for cancelling a booking of a flat. The builder cancelled the booking when the Thane based couple denied to pay Rs 1,000 per square feet which is more than the booking rate. The couple booked a 1,200 sq [...] Continue Reading »
