Realty News
Safilguda is a locality which had once been known as an isolated area at the outskirt of Hyderabad. However, today it has become a rapidly developing residential suburb. More number of flats has also come up in and around Sailguda of late. Amenities of a suburban town like medical, educational, shopping, offices, public transportation are [...] Continue Reading »
Analysts said that demand for commercial real estate has dropped around 30 per cent in the past year, due to general economic slowdown. Office rentals witnessed 15 per cent decline in rentals across many locations. In some cases it has come down by as much as 50 per cent. Credit to the commercial real estate [...] Continue Reading »
Real estate developers expect home prices to rise by at least 25 per cent in Noida Extension.The prediction comes as the government has lend approval to Greater Noida master plan. The leading developers are hopeful that demand would be much higher and there would be an opportunity for both investors as well as end users. [...] Continue Reading »
As Union Finance Minister P Chidambaram’s take on realtors seems to invite reactions from the developers. CREDAI national president Mr Lalit Kumar Jain stated that the finance minister should take immediate steps to boost to housing stock supply through special incentives to the affordable segment. He further added that the reported figure of unsold housing [...] Continue Reading »
The Bharatiya Janata Party seems to have stand by the apartment owners of Delhi. The political party has backed the 22 lakh apartment owners in the Capital by demanding that the Delhi Government should immediately implement the provisions of the Delhi Apartment Ownership(DAO) Act, 1986. Till now representatives of Delhi Residents’ Front, the federation of [...] Continue Reading »
The Maharashtra State Electricity Transmission Company Limited (MSETCL) has issued notices to 31 property owners in Nashik city for violating construction norms. The notice came up against the backdrop of two construction workers sustaining injuries after receiving an electric shock. According to norms, there should be no construction within 13m on either side of the [...] Continue Reading »
The real estate sector in the diamond city of Surat is experiencing a severe shortage of labourers. Strict implementation of police notification on construction workers has led to fleeing of building contractors. The drive started by police to collect photographs and other details in Katargam, Varachha, Puna, Dabholi, Sachin and Udhna has created panic among [...] Continue Reading »
Bhandary Builders have made their presence felt in Mangalore real estate front. Promising quality of the work and timely delivery of the projects, they have been able to gain a foothold in the growing real estate market of Mangalore. Tasvi Residency, a residential project located at Derebail, Konchady was the first major project of the [...] Continue Reading »
The Statecon 2012 which will be organized by Confederation of Real Estate and Developers’ Association of India (Credai), Karnataka chapter in Mangalore, has attracted the builders in the city. The building industry affiliated to Mangalore chapter of Credai have agreed to donate Rs 1 crore for the construction of MCC-Credai swimming pool. Although the fund [...] Continue Reading »
After circle rates were increased in Noida by 10 to 20 per cent, the administration has announced another rate revision of 10- 25 per cent. Circle rate is the minimum rate at which a property can be bought or sold, which is being decided by the government authorities. The authorities maintained that the hike was [...] Continue Reading »
