Realty News
Mumbai-based Omkar Realtors & Developers is in talks with Kolkata based Forum Projects to enter into a residential joint venture. The two parties are en route to develop a two-lakh sq ft super luxury residential project off Bandra-Kurla Complex in Mumbai. The project will mark Forum Projects’ entry into Mumbai’s prime realty market. The project [...] Continue Reading »
As political atmosphere heats up, Indian real-estate major DLF Ltd. has denied allegations that it gave interest-free loans and sold land and apartments at throwaway prices to Robert Vadra, the son-in-law of Congress president Sonia Gandhi. India Against Corruption activists Arvind Kejriwal and Prashant Bhushan had alleged last week that DLF received undue favoritismreturn for [...] Continue Reading »
Construction of multi-storied residential apartments has gained pace in small towns of Odisha. Real estate development was centered around Cuttack-Puri-Bhubaneswar triangle earlier and housing demand was confined to these big cities. However, scenario has changed as several residential projects are coming up in smaller towns such as Angul, Jharsuguda, Sambalpur, Bargarh, Balasore, Bhadrak, and Berhampur. [...] Continue Reading »
The Competition Commission of India (CCI) has rejected a complaint regarding alleged abuse of dominance by real estate developer Supertech. The developer was cleared off charges as the fair trade regulator did not find any evidence to support the charges. CCI maintained that there was nothing on record indicating any evidence of dominance of Supertech. [...] Continue Reading »
Announcing an all out war on corruption, Confederation of Real Estate Developers Association of India (CREDAI) , the apex body of property developers, has asked its about 10,000 members not to pay bribe to officials for getting project clearance. The strong statement came after CREDAI president Lalit Kumar Jain stated that realty sector has been [...] Continue Reading »
Pune and Bangalore are being the front runners in the real estate sector amidst an otherwise gloomy atmosphere on the realty front. The two cities have witnessed significant number of launches, boosted by quicker approvals and consistent demand from home buyers. Intriguingly, markets in Pune and Bangalore are different from one another. The cities have [...] Continue Reading »
Pune real estate has been undergoing a strong transformation. Demand for homes have come from both local population as well as outsiders in the market. Potential buyers are no longer individuals from the IT Sector alone but also from other business sectors such as automobile, manufacturing, education and services. The increasing demand has resulted in [...] Continue Reading »
The amount of unsold apartments are on the rise in the metropolitan cities. The main reason for this is believed to be the refusal of builders or developers to reduce prices. A meeting called up in the light of reports of increasing number of unsold flats in cities such as Mumbai, it is found that [...] Continue Reading »
The second-home market is becoming a hot spot for developers and investors alike. From developers’ point of view, the second-home market is, to a certain extent, immune from recession. From the buyers’ point of view, second home markets are attractive as they give an opportunity to be away from the bustle of city life at [...] Continue Reading »
Outskirts of Bangalore are witnessing unprecedented growth and price appreciation. Metro connectivity to areas like Kanakapura road, Sarjapur, Devanahalli and Mysore Road have boosted the realty prices of places like Hoskote and Bidadi. The price escalations in the peripheral districts of Bangalore have been reported to be even sharper than in the Central Business District [...] Continue Reading »
