Cities
In a recent survey it is found that the cost of residential properties in India has increased by 12 percent in the financial year 2011-12. In the growth pattern India stands at 3rd position in the report. Typically, high interest rates dampen housing demand. However, the rise in prices in India was despite the prevailing [...] Continue Reading »
The real estate developers in India are concentrating more on the execution and completion of the older under construction projects in India. The real estate market is struggling to come out of the situation as project delay is a major concern for the investors as well as for the home buyers. It is reported that [...] Continue Reading »
Several top real estate players and Mahamaya Girls’ Inter College in Noida had received notices from the state-level expert appraisal committee for non-compliance of environment clearance approval terms. The state government has constituted the state (or Union territory) level expert appraisal committee (SEAC) to verify all real estate projects in Noida and in the state. [...] Continue Reading »
In order to attract buyers for residential apartment in Mumbai, the builders and developers are now offering a scheme where the buyer has to pay 20% of the cost while booking a flat and the remaining 80% on taking possession. Hubtown Developers launched Hubtown Sunmist in Andheri (East) and Hubtown Hillcrest project in Gurgaon. Where, [...] Continue Reading »
The bail appeal for the accused persons in the APIIC-Emaar township project case was denied by the special CBI Court. According to CBI, the promoters of the Stylish Holmes Real Estate Private Ltd had allegedly collected money to the tune of several crore towards plots developed by Emaar MGF in the controversial township project from [...] Continue Reading »
As the availability of open land in Mumbai became limited, most of the builders in the city are looking at investing in redevelopment projects in Mumbai. According to real estate analysts, the growth of real estate, particularly the fresh supply of apartments, depends on the redevelopment projects as the amount of unoccupied land is very [...] Continue Reading »
An eco-conscious real state builder, Aliens Group of Hyderabad, has undertaken several green initiative on the 40th World Environment Day. In the Go Green concept taken by the builder group, one lakh saplings will be planted in the vicinity of Hyderabad. Employee awareness programs will being conducted to emphasize on the importance of recycling and [...] Continue Reading »
The Reserve Bank of India ordered all the banks to stop charging penalty on prepayment of home loans taken on floating interest rates. The order is circulated after the Damodaran Committee had observed that foreclosure charges levied by banks on prepayment of home loans were resented by home loan borrowers. The removal of the charges [...] Continue Reading »
Cost of residential properties in NCR will increase by 50 percent as land would become costlier once Parliament passes the proposed Land Acquisition Bill. Under the proposed Bill, the development authorities would be forced to hike the land rates substantially. As a result, the prices of janta flats, two, three and four bed room apartments [...] Continue Reading »
The Greater Hyderabad Municipal Corporation (GHMC) has taken up several civic projects, including the one undertaken to de-silt storm water drains, which are yet to be delivered. As all the projects are delayed, there is no chance of completion of those projects before the monsoon. And as they will not be completed before the rains, [...] Continue Reading »
