Realty News
In the past two decades real estate has witnessed rapid growth in Gurgaon. Its boundary expanded by a radius of nearly 8-10km. The past five years saw three master plans, announced successively – master plan of 2021 in 2007, of 2025 in 2011 and of 2031 in August 2012. However these plans have failed to [...] Continue Reading »
Prestige Estates has received a favourable review from Bank of America Merrill Lynch. The investment bank has initiated a coverage on Bangalore-based real estate firm Prestige Estates Projects with a “Buy” rating and estimated an upside potential of 38 per cent from current levels. BoAML also estimated that Bangalore real estate sector growth would remain [...] Continue Reading »
The two-day ‘Statecon 2012′ organized by the Confederation of Real Estate and Developers’ Association of India (Credai), Karnataka chapter in Mangalore has received satisfactory footfall. The exhibition with the theme ‘Home for all’ witnessed 42 builders putting up their stalls and had almost 10,000 footfall and 4,220 confirmed inquiries for dwelling units – indicating a [...] Continue Reading »
Much controversy has been created over VAT to be payable by the developers to the government of Maharashtra. The state sales tax department has issued a circular to developers which states value-added tax (VAT) at the rate of 5 per cent of the value with retrospective effect would be levied on flats, shops and bungalows. [...] Continue Reading »
Supertech Limited has launched Spira Residences, India’s tallest mixed use located project in Sector 94 Noida. Spira stands at a height of 300 metres and it comprises of 80 floors amongst which 13 floors are dedicated for the residential apartments. The fully furnished apartment units spanning over an area of 3,200 sq. ft. to 4,000 [...] Continue Reading »
Real estate proves to be one of the best avenue for investment for the large base of NRI population. Delhi NCR has become one the most preferred locations among them. Experts state that real estate offers a safe option to enhance one’s investment portfolio due to high rate of appreciation and periodical returns. NRIs usually [...] Continue Reading »
Ulsoor, one of the oldest localities in Bangalore has witnessed a sharp rise in capital values in the Jan-Mar 2012 quarter. A rise of 25 per cent in capital values in the latest quarter. The proposed metro connectivity has been the major boost behind the rise. Two proposed Bangalore metro stations that will be located [...] Continue Reading »
Raj Nagar Extension, Ghaziabad, is fast becoming a location for the average middle class property seekers and property investors. It is one of the planned cities of the Delhi NCR and with its impressive infrastructure and houses available at affordable prices makes it an ideal place for middle class end users. The area is well [...] Continue Reading »
Khopoli, a locality situated in the outskirts of Mumbai on NH-4, seems to be offering affordable residential options for real estate investors. The investors can get hold of residential property within a budget of Rs 15 to 20 lakh. The area is surrounded by industries, creating job opportunities in the neighbourhood, thus attracting real estate [...] Continue Reading »
Experts state that the real estate market in Hyderabad is ripe for investment now. They term Hyderabad as a buyer’s market as compared to other cities such as Mumbai and Delhi. They maintain that the real estate is in a consolidation mode and it still offers affordable options to end users. Areas such as Attapur, [...] Continue Reading »
