Realty News
Emphasis on energy efficiency seems to be shifted to smaller buildings of late. In order to help smaller buildings in Delhi to reduce their carbon footprint, a special programme has been devised. An offshoot of GRIHA – the green rating for integrated habitat assessment – SVAGRIHA has been conceptualised especially for buildings that are less [...] Continue Reading »
Housing demand in Khargar, Navi Mumbai, is largely being driven by the 1BHK and smaller sized 2BHK segment. More and more customers are demanding smaller units in the range of approximately Rs 30-35 lakh. City based developers have established a strong foothold in Khargar, by offering affordable flats. These developers are catering to the high [...] Continue Reading »
LIC Housing Finance, a subsidiary of Life Insurance Corporation of India (LIC), plans to disburse around 8-10 per cent of its total loan portfolio to developers by the end of this fiscal. Presently, around 6 per cent of the NBFC’s total loan portfolio constitutes of developer loan. By the end of June quarter, LIC HF’s [...] Continue Reading »
Developers in Punjab has opposed the state government’s move to levy social infrastructure cess on property transactions. Confederation of Real Estate Developers’ Associations of India (CREDAI), Chairman, Anil Chopra stated that it would hit demand in the real estate sector which is already undergoing slowdown. Poor demand in real estate sector can be gauged from [...] Continue Reading »
Seven new residential sectors, three small commercial belts and two industrial sectors would come up at Gurgaon. The state-level committee of Town and Country Planning Department, Haryana, approved the plan for these sectors suggested as per Draft Development Plan for Gurgaon-Manesar Urban Complex-2031. Public, semi-public and open space zones have also been earmarked. An area [...] Continue Reading »
Mumbai’s real estate market has been going through a dim phase. According to property consultant CBRE’s latest report on office space, vacancy levels in Mumbai’s extended business district Lower Parel have risen to an estimated 46-48 per cent as demand supply gap continued to widen in April-June. Data shows that around 1.1 million sq ft [...] Continue Reading »
Whitefield has emerged as a real estate hub in Bangalore as it has witnessed both commercial and residential developments. The credit befalls good connectivity. Marathahalli bridge construction has been a boon for growth of real estate in the area. Residential facilities, along with well designed office space are increasingly coming up. The Old Airport Road, [...] Continue Reading »
Expanding IT/ITeS sector paved the way for real estate growth in Kochi. Now, in the last 2-3 months the real estate sector has exhibited significant appreciation in property value with the metro rail project coming up. Property prices have increased up to 30 per cent in areas where metro rail work has begun. Kaloor and [...] Continue Reading »
Andheri East has become the new commercial hub of Mumbai. The area enjoys good connectivity through Jogeshwari-Vikhroli Link Road (JVRL), Andheri Kurla Link Road, the Versova-Andheri-Ghatkopar metro link and it has benefited the markets of Andheri East. Andheri East has a cost advantage over traditional commercial hubs such as Bandra Kurla Complex (BKC) and Nariman [...] Continue Reading »
Ahmedabad is seeing increasing demand for office space. The entry of new ventures from across India and expansion of local industries have propelled the increased demand. Commercial capital values have almost been doubled in last two years while the rentals have become thrice. Organised retail has also grown to an unprecedented extent. The developers and [...] Continue Reading »
