Realty News
Kochi is seeing spurt in the real estate sector, owing to IT developments. The city has seen launch of new residential, IT, retail, commercial and infrastructure projects over the last few quarters. The residential values of prime localities witnessed a 12-15 per cent hike in values, while rental recorded a growth of up to 25 [...] Continue Reading »
Pocharam in East Hyderabad is a fast developing neighbourhood locality. The area has seen an increased interest from prospective buyers. As demand has been on the rise due to IT developments in the vicinity, more number of investors are looking to invest in residential property in the area. Located on Warangal Highway, the locality is set [...] Continue Reading »
East Coast Road (ECR) is fast becoming a top residential locality of Chennai. The property values have crossed the mark of Rs 11,000 per sq ft at prime locations near beach and are still on the rise. The expansion of IT/ITeS sector is the main fuel in the real estate growth. Revival of demand for [...] Continue Reading »
Real estate prices have been rising in NCR area and combined with increasing demand the scope for middle income group to get hold of residential property has been decreasing. As this supply demand gap is increasing, Tronica City area in Ghaziabad, is fast becoming a hub of residential and commercial property for the middle-income group. [...] Continue Reading »
Real estate major Unitech expects a sales realisation of Rs 400 crore over the next 2-3 years from a new premium housing project in Noida. Unitech launched a seven-acre housing project ‘Exquisite’ in Noida last week. Unitech, the country’s third largest realty firm, will develop 312 luxury apartments in the project. The sizes of the [...] Continue Reading »
The Sahara Group seems to have taken the hit from the apex court. The Supreme Court has directed Sahara India Real Estate Corporation Ltd and the Sahara Housing Investment Corporation Ltd — to refund over Rs 24,400 crore collected from 2.21 crore depositors through an instrument known as optional fully convertible debentures. The Bench has [...] Continue Reading »
Faridabad, long considered as an industrial hub of Haryana, is now considered as one of the best residential hub in the National Capital Region (NCR). With improving infrastructure, Faridabad has transformed into a booming realty destination. Land crunch in Delhi has pushed the prices in most of NCR cities. Faridabad enjoys proximity to Delhi and [...] Continue Reading »
D.K. Mittal, Secretary – Ministry of Finance (Banking & Insurance) has assured Confederation of Real Estate Developers’ Association of India (CREDAI)‘s Chairman Pradeep Jain that Union Government will look into reducing the cost of funds for real estate developers. It is a welcome sign from the finance ministry to the real estate developers that the [...] Continue Reading »
RIL (Reliance Industries Limited) is set to come up with a mall in Delhi. According to sources, RIL will use the land Mukesh Ambani won in a Delhi Development Authority bid for around Rs.400 crore in 2007 to construct its 720,000 sq ft commercial complex at Alaknanda. RIL plans to accommodate two- fifth of the [...] Continue Reading »
Vasna, a residential locality in Ahmedabad is witnessing real estate development and is fast becoming a residential destination. It is around 4-5 kms of vicinity from Sarkhej-Sanad Highway, Ashram Road and CG Road. Industries such as Tata Nano, Vodafone Essar, Reliance, Nirma and Arvind has brought many corporate professionals to seek permanent and temporary residency [...] Continue Reading »
