Cities
The state government of Jharkhand is planning to revise property registry fees conducted annually in urban and biennially in rural areas. There has been a huge discrepancy in the charges until the last revision of registry rates and there used to be a hike of just 5 per cent in upmarket areas whereas it went [...] Continue Reading »
Confederation of Real Estate Developers Association of India (CREDAI) Bangalore aims to concentrate in quality residential units at affordable pricing. While it offers to cater to a wide segment of customers at competitive prices, the emphasis always is on reliable and quality products in the real estate sector. The developers’ apex body aims at greater [...] Continue Reading »
While exorbitant property price continues to slowdown Mumbai‘s real estate market, the suburbs are providing investment opportunities for buyers. Skyrocketing real estate prices and global economic conditions have badly hit Mumbai’s real estate sector and sales have fallen by nearly 70 per cent. Sales of top 5 real estate players in Mumbai have seen a [...] Continue Reading »
Small builders that have been facing funds crunch for many months now on the backdrop of slowdown in real estate market. They are banking on capital market regulator Securities and exchange board of India’s (Sebi) new Alternative Investment Funds regulations to ease access to money. Over the past several months, banks have cut down on [...] Continue Reading »
With major infrastructure developments such as the Metro and Monorail coming up in Mumbai, property prices have shot up in areas where infrastructure development initiatives have come up. Proposed transport systems have pushed the real estate values in Wadala-Chembur area where the first phase of Monorail is coming up. The Mumbai Metropolitan Region Development Authority [...] Continue Reading »
Karnataka unit of Credai (Confederation of Real Estate Developers’ Associations of India) aims to see the state housing surplus by 2020. Officials state that the developers’ body will dwell upon the issue in Statecon 2012, which will be hosted in Mangalore on August 25. The official source states that Credai wants to provide people in [...] Continue Reading »
As Salt Lake City in Kolkata witnesses growth in real estate sector, the property consultants and brokers seem to be smiling. They have cashed in on the rise in demand for property – both residential and commercial in and around Salt Lake. Most of the consultants recorded a year-on-year growth between 15-25 percent while few [...] Continue Reading »
Gurgaon-Pataudi Road is all set to emerge as another hub of industrial and commercial development. Located at the foothills of the Aravali hills, Pataudi along Gurgaon-Pataudi Road has become a cluster of real estate development and industrial set-ups. Availability of land parcels for residential and commercial development is one of the main factors driving development [...] Continue Reading »
The National Housing Bank data shows a peculiar trend that despite economic slowdown in the country, house prices have not suffered. Apparently, house prices have managed to beat the economic slowdown. Rates displayed a rising trend in the April-June quarter as shown in the survey. National Housing Bank showed Pune posted the highest gains in [...] Continue Reading »
Statistics show that Mumbai-based real estate firm Housing Development and Infrastructure Ltd’s (HDIL) gross debt has come down by 5 per cent in the first six months of the current calendar year and stood at Rs 4,040 crore as on June 30. However, HDIL reported 44 per cent fall in net profit. Profit stands at [...] Continue Reading »
