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Realty News

Ultadanga flyover collapses in Kolkata

Ultadanga flyover collapses in Kolkata
Kolkata- A large portion of Ultadanga flyover in the city collapsed on Sunday early morning crushing down a truck below and severely injuring three people. The bridge was about 200 metres in length. An entire portion of it collapsed into a canal below. Fortunately, the incident took place at around 4.30 am in the morning [...] Continue Reading »

Home loan tax deduction restrictive for home buyers: Budget 2013

Home loan tax deduction restrictive for home buyers: Budget 2013
With release of Union Budget 2013, the Finance Minister has proposed to offer deduction in tax on home loans to first time home buyers. This initiative has brought some cheer for the home buyers as there was no significant tax reliefs in the past. One can claim the deduction at tax only if your loan amount is [...] Continue Reading »

Pune metro project gets Rs 10 crore budget

Pune metro project gets Rs 10 crore budget
Pune metro rail project has finally got a budget of Rs 10 crore in the Union Budget which was announced recently. The long delayed project had proposals from Pune and Pimpri-Chinchwad municipal corporations in association with the Delhi Metro Rail Corporation. Pune metro, for the first time has got listed in this year’s list of projects of the urban [...] Continue Reading »

Flats in Mumbai to cost more with the new Budget: Experts

Flats in Mumbai to cost more with the new Budget: Experts
With the introduction of Union Budget 2013, experts have claimed that the incentives will be of no use for home buyers in Mumbai. The real estate incentives are also claimed to create some problems with the buyers as the flats will cost more due to 1% tax on transfer of properties in Mumbai. To make things [...] Continue Reading »

Flourish Techno launches residential project in Nagarbhavi, Bangalore

Flourish Techno launches residential project in Nagarbhavi, Bangalore
Flourish Techno launches its new residential project ‘Flourish Gurushree’ in Nagarbhavi, Bangalore. Beyond the bricks and concrete, however, there’s something unique to look forward to in Flourish Gurushree, that is the beautifully landscaped gardens, all set amidst green and lake view to relax and unwind. Flourish Gurushree offers 2 and 3 BHK luxurious apartments with sizes ranging [...] Continue Reading »

Increased FAR for those who give land for public use

Increased FAR for those who give land for public use
New Delhi- As per the new Master Plan of Delhi, if a part of any property comes in the way of a development project which is carried by Delhi Development Authority, then the DDA will have complete right for land acquisition, but in return, as a part of compensation, the Authority has to give additional [...] Continue Reading »

Kumar Urban launches mega township in Pune

Kumar Urban launches mega township in Pune
Pune- The latest project launch by the Kumar Urban Develo­pment is the mega township project in Kharadi, Pune. The first phase of this project is commenced. However, the Phase-I of this project is divided into three units with the first cluster  having six high-rise buildings with 264 residential apartments each. These units will offer 1 [...] Continue Reading »

House renting scheme to be applied on vacant plots by BMC

House renting scheme to be applied on vacant plots by BMC
Mumbai- The recent proposal by the BMC is expected to be quite beneficial to those who are planning to buy a property in Mumbai.  The civic body in the city is planning to launch its own housing scheme in the vacant plots. As per BMCs plan, they are planning to construct houses on the vacant [...] Continue Reading »

Delhi Metro gets budget of Rs 7,701 cr for Phase III construction

Delhi Metro gets budget of Rs 7,701 cr for Phase III construction
New Delhi- The Union Budget has allocated budget of Rs 7,701 crore to Delhi Metro in the Budget 2013-2014, for Phase-III metro construction in Delhi. In 2012-2013 fiscal, Rs 4,511.89 crore (Plan and non-Plan combined) was allocated to the Delhi metro. Union Budget has increased the allocation by Rs 669.23 crore under the 2013-14 Budget. [...] Continue Reading »

BKC and Parel rentals drop

BKC and Parel rentals drop
Mumbai- With the rentals crashing down in BKC and Parel, it is the best time to set up offices in the region. The office rentals in these business districts have dipped drastically despite being known for high priced units. The Bandra Kurla Complex has newer buildings coming up which were earlier known to be priced at Rs. 320 per sq [...] Continue Reading »



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