Realty News
The definition of luxurious house seems to be undergoing changes as more emphasis seems to be on quality of amenities rather than on spaciousness. By designing homes smaller in size and providing all the amenities in the common space without compromising on quality, developers are targeting wider buyer segment and making luxury homes economically viable [...] Continue Reading »
The office space market in Bangalore seems to have taken a hit as office space absorption has been dropping by about 12 percent quarter-on-quarter. According to Jones Lang LaSalle (JLL) India, the first quarter witnessed growth due to companies like Axis Aerospace & Technologies leasing space in Vaswani Centropolis, KPMG leasing space in Salarpuria Hallmark [...] Continue Reading »
Yelahanka in Bangalore is witnessing a peculiar trend where independent villas have come up in a significant number. Although big apartments have become the norm after IT revolution in Bangalore, few pockets still have demand for villas. About 80 per cent of the dwellings set up in the stretch extending from Yelahanka to Doddaballapur are [...] Continue Reading »
City corporation of Kozhikode is set to upgrade the register of property owned by the civic body soon. All local self-government (LSG) bodies in the state are asked to prepare a detailed register of land owned by the respective bodies. The register prepared by the local self-government bodies in 2005-2006 was converted into digital format [...] Continue Reading »
The 10th edition of Eyeball’s Budget Home 2012 was recently held at the Chennai Trade Centre. The three-day property expo was organised by Eyeball Media Private Ltd, a prominent organiser of lifestyle events. Budget Home 2012 was designed to offer a wide range of affordable properties to the home buyers. The organisers expected a footfall [...] Continue Reading »
Home loans are to become cheaper in near future. While some banks have already slashed their interest rates while others are planning to do the same. The finance ministry has already asked bankers to reduce equated monthly installment (EMIs) on home loans. State-owned Central Bank of India has decided to reduce home loans by 10 [...] Continue Reading »
Indian real estate companies seem to take a hit due to imposition of VAT in Maharashtra. The shares of most big players dropped for a second day as confusion kept arousing about who would end up paying a proposed retrospective value-added-tax(VAT) from the state of Maharashtra. The drop was caused by worries about a stringent [...] Continue Reading »
Lucknow Development Authority is all set to come up with a new housing scheme in Para, Hardoi Road, in October. The scheme is proposed to have nearly 4,000 apartments. It will cater to both the lower income group and the middle income group. 2,000 apartments will be meant for the lower income group (LIG) and [...] Continue Reading »
The Bruhat Bangalore Mahanagara Palike (BBMP) is all set to issue Property Identity (PID) numbers to all property owners from September 15. The aim is to bring 16 lakh properties in Bangalore under the tax net to increase the revenue collection. Palike sources state that PID scheme is in the final stages. Properties in the [...] Continue Reading »
Major relief is provided to around 40 lakh people in Delhi, as the Centre has given green signal to Delhi Government to regularise around 900 unauthorised colonies. These colonies were given provisional regularisation certificates ahead of assembly polls in 2008. CM Sheila Dikshit‘s Parliamentary Secretary Mukesh Sharma stated that Delhi Government would issue a notification [...] Continue Reading »
