Realty News
Delhi’s skyline seemed to be changing soon. The cooperative housing societies in Delhi have shown keen interest in Delhi Development Authority (DDA)’s notification for higher floor area ratio (FAR) for existing group-housing societies. Since the additional FAR can be availed only for new constructions, cooperative societies are exploring possibilities of knocking down old constructions. The [...] Continue Reading »
Office space demand has increased in Noida recently. The demand for small space in the category of 500-2000 sq ft has witnessed the highest demand. However, the supply of these units have been limited, leading to rise in rental values in the last six months. Supply of office units is limited in sectors 18, 124, [...] Continue Reading »
Promotion being one of the strongest weapons to market a project increases the visibility of the project. Akshaya Pvt Ltd launched its 150th project, which is the tallest residential tower of Tamil Nadu two weeks ago. This event was launched in order to mark the innovation and even its larger-than-life allure. A 15 ft high model of [...] Continue Reading »
Incentives like free land allocation and public-private partnerships models have been sought by the realtors in order to increase affordable housing stocks for the economically weaker sections. With the increased shortage of housing for the poor sections of the society, the realtors have come up with this method and demand active government participation which can lead to a way to [...] Continue Reading »
The State Bank of India (SBI) has conducted a mega loan mela on the 20th & the 21st of October in North Karnataka (Hospet) in association with commonfloor.com. The mela was a grand success with well known builders and promoters, car companies, and even the prominent members of the Chamber of Commerce participating the event. [...] Continue Reading »
HRBR Layout in North Bangalore has witnessed significant appreciation in residential prices. The layout and its surroundings have developed rapidly in the past couple of years, leading to appreciation in housing prices. HRBR Layout is connected to Hennur Road. The locale has good educational institutions in and around the area. Also, there are several commercial [...] Continue Reading »
HDFC portfolio Management Services (PMS), a Unit of HDFC Mutual Fund is finding the possibility of exiting its real estate investment, before its next real estate fund, as per an investment banker said. The source said that the exits are of Rs 800 crore -Rs 1,000 crore and range between Rs 100 crore and Rs [...] Continue Reading »
As the Metro Rail project progresses in Bangalore, the property prices in the vicinity have witnessed an increase. Now that phase between M G Road and Byappanahalli is complete, more and more people are using the metro service to commute to work and back on a daily basis. This trend is set to spread across [...] Continue Reading »
The Pune district administration has prepared specific type plans for houses for the economically weaker sections in rural parts of the district. Around nine type plans have been prepared by the administration in consultations with Maharashtra Housing and Area Development Authority (MHADA) and are being sent to the director of the town planning department for [...] Continue Reading »
The apex body for real estate developers, the Confederation of Real Estate Developers Associations of India (CREDAI) has said that in order to reduce corruption, the proposed realty regulator should try and minimise the human interface in the process of grating the clearance and registration. Once the regulatory bill comes into force, there should only [...] Continue Reading »
