Realty News
Builders are offering free registration, stamp duty waiver or cash discount to buyers on purchasing luxury homes. This is a change of tactics from offering freebies earlier. As buyers are becoming more price sensitive across segments, developers are moving away from freebies like cars and holiday packages to offers that ease financial burden of potential [...] Continue Reading »
In order to reduce the burden of ever-increasing property registration work, 31 sub-registrar offices will be opened in the state of Maharashtra. Property registration is the second highest revenue generating source in the state and at present public has to spend a lot of time to register their property at offices. A proposal seeking additions to [...] Continue Reading »
Chennai has recorded the highest occupancy levels amongst the top six Indian cities. Occupancy level stands at 64 per cent in Chennai. As per reports, the average room rate in H1 2012 was recorded Rs 4,900 in Chennai, which is an increase of approximately 4 per cent over 2011. The reason behind this is the [...] Continue Reading »
Lalit Kumar Jain, president of the Confederation of Real Estate Developers’ Association of India (CREDAI) has stated that corruption is the biggest trouble glaring the real estate sector. At the opening address of 12th NATCON, the Credai president remarked that that the humiliating approval process and corruption is to blame for the problems of developers [...] Continue Reading »
DB Realty Ltd, which was caused in the maze of 2G scam, is on its way to make a return to Mumbai’s realty scene by launching new projects and rebranding existing ones. The company’s stock has fallen 33 per cent since February 9, 2011, when its managing director, Shahid Balwa, had been arrested by the [...] Continue Reading »
A residential project in Bangalore worth Rs 100 crore was launched by Godrej Properties in a joint venture with actor Fardeen Khan and his sister Laila Khan. Godrej Gold Country, a 12-acre premium residential property, will come up on the outskirts of the city in Chikkabidarakallu village owned by late Bollywood actor Feroze Khan. Pirojsha [...] Continue Reading »
Faced with sluggish sales and rising cost of production, builders across the country are increasingly turning to technology, looking to innovative ways in construction business. The cost of building materials such as cement and steel has risen by 35-40 per cent over the past two years. Added to it, the labour rates have also got [...] Continue Reading »
The festive season fails to cheer builders of Mangalore. Karnataka State Pollution Control Board (KSPCB) have sent closure notices on crusher units in the state following a Supreme Court directive. As a result, construction and development activities have come to a halt. Of the 3,700 crusher units units across Karnataka, 200 units are in the [...] Continue Reading »
Indiabulls Group has put a step forward to acquire global footprint. The real estate firm has entered into an agreement with Qatar‘s Doha Bank for offering mortgage loans to the bank’s NRI customers for acquiring properties in India. The tie-up with Indiabulls will provide an opportunity for Doha Bank NRI customers to approach for housing [...] Continue Reading »
Rentals for commercial space across India may see a mixed trend in coming few years. Real estate firm Cushman & Wakefield (C&W) says that while cities such as Bengaluru, Chennai and Pune are to witness moderate rental increases over the next five years, the scenario may turn out to be different in other cities. The [...] Continue Reading »
