Realty News
In coming months, HDFC property funds may sell its stake in three residential projects back to the developers. HDFC property fund is a real estate-focused private equity (PE) fund of HDFC. With an investment of around Rs 219 crores($40 million), the company will have profit of around Rs 600 crore ($110 million). The three developers include Lodha [...] Continue Reading »
Real estate projects near Juhu Airport are going to get affected as the Airport Authority of India (AAI) has hinted that it will not be shutting down the airport’s secondary runway. The authorities have also assured that the No Objection Certificates (NOC) that were given to 120 projects including high rise properties in Juhu will [...] Continue Reading »
Real estate market is in great demand among the NRIs as they are keen in investing in properties in the homeland. As per the statistics, in the year of 2012, around 40% enquiries related to Delhi’s real estate was from the NRIs. NRIs are also looking into investing in commercial properties along with residential properties. [...] Continue Reading »
For the first time in the country, the Karnataka government has launched an integrated mobile enabled service delivery system named ‘Sakala’. Residents can pay their electricity, water and mobile bills, and property tax via mobile phones. You can even pay traffic fines via mobile. After launching the service, Chief Minister said that this service will [...] Continue Reading »
New Delhi- The financial aid given to the rural poor to construct houses has been increased to Rs 70,000 from Rs 45,000 by the Centre. The landless people in rural areas will now get Rs 20,000 instead of Rs 10,000 to buy homestead land. Since the protesters were seeking land for the landless and the [...] Continue Reading »
Chennai- A memorandum of Association has been signed between SARE Homes and ICICI bank. Under this agreement the bank will offer special finance schemes for the real estate developers for the two upcoming projects. SARE Homes (South Asian real estate) has invested in seven integrated projects in major cities in India namely, Gurgaon, Amritsar, Ghaziabad [...] Continue Reading »
In 2013, the real estate sector is to witness transformation. Real estate (Regulation and Development) Bill which was pending since 2009 is expected to come up in the budget session of parliament in February. The Bill will empower consumers and enforce discipline among property developers and it proposes to set up an industry regulator along the lines [...] Continue Reading »
Developers are expecting a positive future for the real estate sector this year with the government’s plan to give the sector favourable policies and industry status. The real estate sector has eagerly been waiting for the industry status. However, there is an increased demand for the industry status because of the growing demand with limited funds, less [...] Continue Reading »
An official from Ghaziabad Development Authority (GDA) said that within two years the authority will build two lakh low cost housing units. Ghaziabad is divided into two parts; old Ghaziabad and new Ghaziabad. The old area has a rich traditional background and the new area has a modern and cosmopolitan character. Ghaziabad real estate has [...] Continue Reading »
Pune Municipal Corporation has recently approved the development plan (DP) for old city areas which was in draft mode for long. The general body of the municipal corporation approved the same after12 hours of discussion and speeches by 53 corporators. It was approved after three long months of getting it. At the end of discussion, [...] Continue Reading »
