Realty News
The Gera Pune Market Intelligence Report released recently by Gera Developments has revealed that the price of real estate in June 2012 reached the highest in the last four years. The average price across market in June 2011 was Rs 3,467 per sq ft, which moved up to Rs 3,647 per sq ft in December, [...] Continue Reading »
Reacting to the Union Finance Minister‘s advice asking realtors to download unsold stock at discounted prices, the Confederation of Real Estate Developers Association of India (CREDAI) has counter advised the minister to bring special incentives to boost purchase of houses. Credai has been lobbying with the government to push for reforms in the real estate [...] Continue Reading »
West Hyderabadhas become one of the fastest growing areas in the city in terms of IT development, which in turn have led to rise in capital values and infrastructure growth. Proximity to Hi-Tech City is continuously pushing capital values up in West Hyderabad, as the demand for working professionals in the IT park grows gradually. [...] Continue Reading »
The under-construction Namma metro in Bangalore has already pushed up the property values. The end-users, developers, realtors- all have been considering the metro as an asset with the construction underway. In the areas through which metro track passes like MG Road, Trinity, Indiranagar and Byppanrahalli, residential property values have witnessed a 15-20 per cent hike [...] Continue Reading »
Urban Development Minister Kamal Nath has stated that efforts are being taken to lessen the hazards of common property holders. He stated at a function organised by the Indian Chamber of Commerce that efforts are on to create a system which would allow the conversion of leasehold properties into freehold over the internet. The proposed up [...] Continue Reading »
The tussle between Wakf Board and encroachers seem to have no end. Complaints have been made about wakf board land falling prey to land grabbers, a two-acre graveyard on Road No. 12 Banjara Hills. The entrance of the Third Battalion Muslim Graveyard was blocked about six months ago and the task force officer deputed by [...] Continue Reading »
The state government of Jharkhand is planning to revise property registry fees conducted annually in urban and biennially in rural areas. There has been a huge discrepancy in the charges until the last revision of registry rates and there used to be a hike of just 5 per cent in upmarket areas whereas it went [...] Continue Reading »
Confederation of Real Estate Developers Association of India (CREDAI) Bangalore aims to concentrate in quality residential units at affordable pricing. While it offers to cater to a wide segment of customers at competitive prices, the emphasis always is on reliable and quality products in the real estate sector. The developers’ apex body aims at greater [...] Continue Reading »
While exorbitant property price continues to slowdown Mumbai‘s real estate market, the suburbs are providing investment opportunities for buyers. Skyrocketing real estate prices and global economic conditions have badly hit Mumbai’s real estate sector and sales have fallen by nearly 70 per cent. Sales of top 5 real estate players in Mumbai have seen a [...] Continue Reading »
Small builders that have been facing funds crunch for many months now on the backdrop of slowdown in real estate market. They are banking on capital market regulator Securities and exchange board of India’s (Sebi) new Alternative Investment Funds regulations to ease access to money. Over the past several months, banks have cut down on [...] Continue Reading »
