Realty News
Mysore realty market has become an attraction for non-resident Indians (NRIs). NRIs and expats from Karnataka are increasingly showing an interest in the real estate market of Mysore for residential as well as for business purpose. Currently, there are over 30 residential projects in Mysore being developed primarily for NRIs. The reason behind the increased [...] Continue Reading »
Some of the lesser-known nodes in Navi Mumbai are touted to bring in good returns for property investments. Places like Kalamboli, Ulwe and Roadpali are the areas where an apartment buyer can expect at least 20-30 per cent returns on investments, owing to appreciation in apartment prices. Infrastructure and the location of these areas are [...] Continue Reading »
Crossings Republik is newly emerged NCR locality which is attracting lots of home buyers. Located on NH 24 bypass road, Crossings Republik is particularly attracting a lot of buyers for 3BHK multi-storey apartments. The key factor attracting buyers to Crossings Republik is its proximity to Noida. It is located at a distance of 6 km [...] Continue Reading »
Delhi Development Authority (DDA) has given hotels in Delhi a more than 11 times hike in FAR( floor area ratio). FAR has been increased to 175 from 15. The decision has been announced at the recent DDA meeting. The added FAR would be applied to hotels with sanctioned building plans as on February 7, 2007 [...] Continue Reading »
Property consultants Jones Lang LaSalle reported that the demand for residential units in and around Chennai has remained stable in the third quarter of current year. Around 5,600 units have been absorbed in the quarter when compared to some 5,550 units in April-June 2012 quarter. The growth corridors like OMR and GST have continued to remain [...] Continue Reading »
Owing to confusion created in the minds of home buyers, the consumer organisations in Maharashtra have come together to address flat owners’ concern over paying the Maharashtra Value Added Tax (MVAT) to builders. Three organisations – Sajag Nagarik Manch, the Akhil Bharatiya Grahak Panchayat and the Grahak Hitwardhini have organised an awareness programme on October [...] Continue Reading »
The state authorities have approved resuming of the construction of the 22-km long link road between the two national capital region (NCR)s – Greater Noida and Ghaziabad. The approval has raised hopes of real estate developers and buyers who has invested in both the areas as there is widespread speculation that prices will rise once [...] Continue Reading »
Motilal Oswal Private Equity, an India-focused risk capital firm, is raising a Rs 500-crore real estate fund that will invest primarily in residential projects. This comes at a crucial time as private equity investments in the Indian real estate market have sharply dipped in the first three quarters of 2012. As per sources, the new [...] Continue Reading »
Confederation of Real Estate Developers’ Associations of India (CREDAI) and the Royal Institution of Chartered Surveyors (RICS) have come together to offer courses in real estate. They have announced a joint initiative to address the learning needs of professionals in real estate and construction sectors. RICS is a global professional body which builds environment that [...] Continue Reading »
The housing projects in Gujarat are expected to become costlier by about 10-15% in case the rising input costs of material and labour are not reined on time, said the Gujarat Institute of Housing & Estate Developers (GIHED). The GIHED also has taken intervention from the government to keep a check on the spiralling prices of [...] Continue Reading »
