Cities
Over the years, real estate has grown vastly in the prime cities of India such as Mumbai, Delhi-NCR, Chennai, Bangalore and Kolkata. The leading cities witnessed rapid growth with the wide-spreading industrialisation attracting massive population. After the tier-1 cities, now it’s time for the tier-2 and tier-3 cities to see significant pressures on their infrastructure [...] Continue Reading »
The segment of home loans continues to witness strong growth despite the slowdown in the economy. According to the vice-chairman & CEO of HDFC Ltd – Keki Mistry; the fiscal year of 2014 is expected to be yet another year of good growth in regards to home loans as customers bring forward home purchases to [...] Continue Reading »
Residential real estate market in Bangalore is witnessing growing demand for mid-end homes. Though the nation’s real estate market is seeing slowdown in economy, Bangalore possesses the potential to withstand it. Last year, the city has seen around 35,500 residential units launches and approximately 8000 units in first quarter of 2013. According to Knight Frank’s [...] Continue Reading »
In the last three years, the number of unsold housing units in prime cities such as Delhi-NCR, Mumbai and Hyderabad have nearly doubled, indicating that the real estate in India would need a long time to recover from. Liases Foras, a real estate consultancy and research firm has revealed that the stock level of residential [...] Continue Reading »
During Mayawati’s government there was a proposal to open an international airport Jewar, which was cancelled later due to financial issues. Now Greater Noida Industrial Development Authority (GNIDA) proposed a budget of Rs 7,005 crore for a slew of development projects. Already around Rs 550 crore has been reserved for improving connectivity of the city [...] Continue Reading »
Dwarka is one of developing suburbs in the National Capital Region. An area which was developed to decongest the capital city as it is located in southwest Delhi. Investors are likely to find Dwarka a desirable residential destination owing to its immaculate planning, sound infrastructure, reasonable (though not low) prices and proximity to employment hubs. [...] Continue Reading »
Some of the new amendments made in the Finance Bill, 2013 to the Income-tax Law is expected to have a deep impact on real estate sector in the 2013-14 fiscal. The amendments relate to taxing the notional income in the real estate transactions as against the real income of the real estate developers as well [...] Continue Reading »
Sarjapur Road is located towards the south-east of Bangalore. Long time ago Sarjapur Road was a land filled with farms and green fields all over. Today, the locality has grown so big that Sarjapur road has become an eye candy of Bangalore city in terms of real estate. Connectivity: Sarjapur road is one of the [...] Continue Reading »
Noida and Greater Noida authorities have decided to jointly approve a new proposal for real estate projects in this duo area. The authorities want to increase floor-area ratio (FAR) by 0.5% on all plots located on either side of the influence zone of the proposed metro line. Witnessing the increase in projects and density of [...] Continue Reading »
The Delhi Development Authority (DDA) is planning to make a new provision in the Master Plan 2021 for introduction of studio apartments and service apartments. As per the proposal, studio apartments will be allowed to come up in residential zones while service apartments will be restricted to commercial centers. According to the DDA’s proposal, it would [...] Continue Reading »
