Apartment News
Slum redevelopment schemes as well as redevelopment of old ceased-buildings are playing a key role in real estate development projects in Mumbai. The redevelopment projects will be taken on high priority as the availability of unoccupied land is very less in Mumbai. DB Realty, Tata Housing, HDIL, Unitech, Godrej Properties, Kalpataru group, Omkar Realtors, Hiranandanis, [...] Continue Reading »
The Coimbatore Municipality has proposed to collect a fixed amount as security deposits from the builders, so that they will not violate the Building Laws. The amount will be refunded back to the individual after the completion of the structure and assessment to ensure whether there are any violations in it from the approved building [...] Continue Reading »
In order to abide by the new development control rules, developers have had to change plans and resubmit them to the BMC. This process will raise the construction cost of the properties in Mumbai. According to different real estate builders of Mumbai, this decision will increase the cost of construction of properties in a range [...] Continue Reading »
The Housing and Urban Poverty Alleviation ministry has drafted the real estate regulatory bill, and planned to introduce it in the budget session that concluded last month. However, following huge numbers of protest, the ministry held a fresh round of consultations with all the states last month to try and get them on board. It [...] Continue Reading »
In a report by the CRISIL Research, it is reported that there is no scope of reduction of prices for the properties in Mumbai. Though the sale of properties has reduced by 40 percent, a sharp rise in construction and funding costs, in addition to amendments to the Development Control Regulations (DCR), will increase costs [...] Continue Reading »
It is analyzed by a real estate consultant firm that Mumbai has a deeply ingrained work culture. The people of Mumbai always prefer to stay in a place which is closer to their work place. As many companies are expanding their process in the suburbs, new commercial and residential projects are coming up rapidly in [...] Continue Reading »
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 »
