Realty News
Compared to other real estate markets, Bangalore residential real estate market continues to grow. Inspite of falling IT revenues, in January and February 2013 the infotech capital of India saw an absorption of Rs 2,740 crores, up 50 percent year on year, the highest in the last five years. Residential sales growth has been driven [...] Continue Reading »
New Delhi: On a move to stimulate commercial real estate in India, the Government has done away with the mandatory requirement of 10 hectares of minimum land area for setting up an IT or ITES special economic zone (SEZ). It has set built-up area requirements to be met by SEZ developers. They now need 100,000 [...] Continue Reading »
MUMBAI: The long awaited, 16.8 km Eastern Freeway’s first phase will be open for traffic by May end. Eastern Freeway will provide a signal free drive from Orange Gate on PD’Mello Road to the Ghatkopar-Mankhurd Link Road. This freeway will not only reduce the travel time from South Mumbai and Eastern Suburbs but will also [...] Continue Reading »
Hyderabad- The Hyderabad metro rail project has got a final approval for viability gap funding (VGF) of Rs 1,458 crore from the empowered committee of the finance ministry. This amount is 12.35 percent of the estimated total project cost. It has been provided by the state under VGF scheme for the development of the metro [...] Continue Reading »
Noida which was once the hub of industrial development has quickly transformed itself into a real estate hub. The increasing number of infrastructural and real estate projects sketches the proximity of Noida to become one of the largest industrial townships of India. In the past three years Noida has witnessed, many residential sectors and industrial [...] Continue Reading »
New Delhi: Even though real estate prices have increased rapidly in the leading cities, Reserve Bank of India (RBI) governor D Subbarao opines that there is no housing price bubble building up in India. After capturing prices in nine cities, RBI has recorded in its macro-economic and monetary development report released recently that there are [...] Continue Reading »
Hennur, an area located in the northern part of Bangalore, has been emerging as a hot residential destination because of the close proximity to Bangalore International Airport at Devanahalli. Hennur is not well developed yet and there is a great need of infrastructural developments. However the locality has a bright future prospect. Moreover the government [...] Continue Reading »
The proposed Real Estate (Regulation and development) Bill has made carpet area a compulsory feature for approving building plan. The decision was made by top government officials at Association Chambers of Commerce and Industry in India (ASSOCHAM) event held in New Delhi. Now, the development authorities and municipalities will have to clear building plan or [...] Continue Reading »
Balewadi – Wakad corridor has emerged as one of the upcoming real estate destination in Pune. This area has a huge demand for the mid – segment housing. Infrastructure developments, employment opportunity and easy connectivity to the central areas of the city are the major reasons for the growth of real estate in this corridor. [...] Continue Reading »
Whitefield Bengaluru is a suburb located in East Bengaluru. The area that was once a retirement colony of Anglo-Indians is now one of the most sought after real estate destinations in Bengaluru. Whitefield also gained importance due to the proximity of Hoskote which is an upcoming industrial and automobile hub. It is located at 7-10 kms [...] Continue Reading »
