Realty News
Due to the seldom presence of clean titles in the market for the most coveted of India’s residential addresses, home buyers with deep pockets in Mumbai and Delhi are ready to invest even in disputed properties. Areas in Delhi and South Mumbai having disputed properties are on sale and involve multiple feuding owners. Further the descendants of the original owners also [...] Continue Reading »
Consumer bodies in Pune are demanding a debate on Value Added Tax (VAT) imposed on residential properties purchased between June 2006 and March 2012. City builders and developers have been invited for a public debate on VAT. As the state government is firm on the VAT issue, organisations such as Grahak Hitawardhini, Grahak Panchayat and [...] Continue Reading »
A premium residential gated community, BRC Sri Hemadurga Sivhills at Manikonda, has been launched by RC Infra, a Hyderabad-based real estate developer. The Rs 300-crore project, funded partly by promoters and financial institutions. The project has seven blocks with 742 apartments and 12 floors in each block which has three and four bedroom apartments. A [...] Continue Reading »
Even 10 years after getting possession of their houses, more than 300 families who own flats in buildings constructed by the Maharashtra Housing and Area Development Authority (MHADA) still have not made full payment to the authority. MHADA sources say that the families owe MHADA about Rs 30.39 crore. The apartments are part of the [...] Continue Reading »
East Bangalore locality Kaggadasapura have seen rise in rental values in the last one year. The rise in rental values in Kaggadasapura have eclipsed the increase in capital values. While capital values shot up by 10-15 per cent in the area, the rental values witnessed an escalation of 15-20 per cent during past year. The [...] Continue Reading »
Greater Noida Expressway have seen high demand for multi-storey apartments on the stretch in the last few quarters. The demand has been especially for 3BHK apartments. Location and greenery seem to be the main pulling factor of the area. The residential demand is generated from a lot of working people commuting from Delhi to NCR [...] Continue Reading »
Kotak Realty Funds,the real estate private equity fund of Kotak Mahindra Group, has entered into a joint venture with Chennai-based Akshaya Homes. The joint venture has been formed for construction of residential units on a 20-acre plot off Chennais Old Mahabalipuram road. It is a revenue-share venture, where Kotak will hold 20% stake while Akshaya [...] Continue Reading »
Real estate advisory Cushman and Wakefield (C&W) said Pune has witnessed 28% of vacancies in malls in the third quarter of this year due to oversupply. However, due to the increased supply, the rental values witnessed a drop. The extravagant retail developments in the last few years in Pune have put some pressure on the rental values. The [...] Continue Reading »
With the advancement of the hospitality sector in Chennai, the city has become a center for hospitality apart from just a booming IT sector. The hospitality market has witnessed a sharp growth with renowned brands coming up including international brands. Also the city recently witnessed the birth of about five luxury upscale hotels with many more to [...] Continue Reading »
The long pending request of Chennai’s commercial property developers to let them use the IT buildings for non-IT purposes like finance, education, hospital, hospitality and retail will very soon be granted. The developers proposal will soon be accepted if the recommendations of the CMDA are approved by the state government.This might be followed by a rule that [...] Continue Reading »
