Cities
According to ranking prepared by real estate data firm Qubrex, Noida has replaced Mumbai as the second-best realty destination of India this year. Gurgaon-Manesar retained the top slot. The rankings are based on parameters like – supply and demand, likely price appreciation in three years, emerging connectivity, potential growth in economic activity, nationally reputed builders, [...] Continue Reading »
Civic administration in Bangalore came to a halt on Wednesday as 12,000 employees of the Bruhat Bangalore Mahanagara Palike (BBMP) stopped their work. The employees were protesting against the alleged interference of the Bangalore Metropolitan Task Force (BMTF) in BBMP’s work. With the employees’ union threatening to continue with the protest a bunch of civic [...] Continue Reading »
Residential property prices have been steadily rising in Chennai for the last couple of years. Central Chennai areas like Boat Club and Poes Garden have seen the highest price rise. . Other prominent locations include Nungambakkam, T Nagar, Mylapore and RA Puram. Most of the residential developments in the central locations are bungalows and independent [...] Continue Reading »
Each beneficiary of Pimpri Chinchwad Municipal Corporation’s housing scheme for economically weaker sections (EWS) will save Rs 36,000 as the state government has waived the stamp duty on conveyance. Now that the stamp duty on registration of EWS houses built under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme has been waived, the beneficiaries [...] Continue Reading »
Most residential colonies in Delhi and NCR are getting cramped gradually as service lanes on both sides are often packed with vehicles. The problem has grown bigger due to the rising culture of builder flats and as increasing number of families these days are buying cars for individual use, there is severe parking crunch. Colonies [...] Continue Reading »
Real estate firm DLF has announced that it plans to launch new residential projects at Ludhiana, Jalandhar, Panipat and Kasauli. These projects are dubbed as part of company’s strategy to strengthen its presence outside Gurgaon. The company has not finalized the business plans entailing the investment detail in these projects. As per the company management, [...] Continue Reading »
As revealed by sources, in Mumbai‘s real estate market, cash transactions are still prevalent during transactions. The system of demanding an illegal cash payment still exists in many pockets of the city, especially Bandra, Khar and Juhu belts in the western suburbs. In the 1970s, builders used to take 80 per cent in cash and [...] Continue Reading »
The proposed Kochi Metro Rail project is expected to positively impact city’s real estate market. The project is slated to be completed in three years’ time. A report prepared by Geojit BNP Paribas Property Services points out those areas within 500 meters from the 23 Metro stations coming up in the 1st phase will witness [...] Continue Reading »
Mangalore, which has been described as one of the fastest growing tier II cities of the country, and also the fastest growing non-metro in South India, have been attracting developers from all over the country heralding a sea change in its real estate scenario. Raheja Universal is the recent entrée which is making its venture [...] Continue Reading »
Evocon, a group company owned by Chennai-based VIP Housing, has recently launched Space Aura, a residential apartment project at Navalur, OMR, Chennai’s IT corridor. The project covers an area of 1.17 acres will offer 76 luxurious residential apartments. The project offers apartments comprising 2BHKs and 3BHKs of sizes ranging between 854 sq ft and 1,577 [...] Continue Reading »
