Realty News
With major infrastructure developments such as the Metro and Monorail coming up in Mumbai, property prices have shot up in areas where infrastructure development initiatives have come up. Proposed transport systems have pushed the real estate values in Wadala-Chembur area where the first phase of Monorail is coming up. The Mumbai Metropolitan Region Development Authority [...] Continue Reading »
Karnataka unit of Credai (Confederation of Real Estate Developers’ Associations of India) aims to see the state housing surplus by 2020. Officials state that the developers’ body will dwell upon the issue in Statecon 2012, which will be hosted in Mangalore on August 25. The official source states that Credai wants to provide people in [...] Continue Reading »
As Salt Lake City in Kolkata witnesses growth in real estate sector, the property consultants and brokers seem to be smiling. They have cashed in on the rise in demand for property – both residential and commercial in and around Salt Lake. Most of the consultants recorded a year-on-year growth between 15-25 percent while few [...] Continue Reading »
Gurgaon-Pataudi Road is all set to emerge as another hub of industrial and commercial development. Located at the foothills of the Aravali hills, Pataudi along Gurgaon-Pataudi Road has become a cluster of real estate development and industrial set-ups. Availability of land parcels for residential and commercial development is one of the main factors driving development [...] Continue Reading »
The National Housing Bank data shows a peculiar trend that despite economic slowdown in the country, house prices have not suffered. Apparently, house prices have managed to beat the economic slowdown. Rates displayed a rising trend in the April-June quarter as shown in the survey. National Housing Bank showed Pune posted the highest gains in [...] Continue Reading »
Statistics show that Mumbai-based real estate firm Housing Development and Infrastructure Ltd’s (HDIL) gross debt has come down by 5 per cent in the first six months of the current calendar year and stood at Rs 4,040 crore as on June 30. However, HDIL reported 44 per cent fall in net profit. Profit stands at [...] Continue Reading »
The US government has hired property consultancy Knight Frank to carry out a valuation and review of all its real estate properties in India. The properties, valued at thousands of crores, were acquired over the years at low rates and the recent move may indicate possible sale of some assets in the future. The properties [...] Continue Reading »
The Finance Minister has urged the chiefs of government-owned banks to put pressure on real estate developers to lower property prices. This has been done in order to get the economy moving, which has been hit by a slowdown. In a meeting with bank chiefs, Finance Minister, P Chidambaram, asked the bankers to influence builders [...] Continue Reading »
The federation of sector welfare associations of Chandigarh (FOSWAC), an umbrella body of 60 different resident welfare associations (RWA) have raised concerns regarding negligence of municipal corporation. Concerns were raised in the executive committee meeting for not addressing the common and specific problems of RWA’s seriously by the officials of municipal corporation. The issues included [...] Continue Reading »
The foundation stone for Sorake ‘Green Cliff’ residential apartments by Sorake builders was laid at Airport Road in Padavinangady in Mangalore on 20 August. Dr Rajnesh Sorake of Sorake builders laid the foundation stone while joint venture partners like Elias Sanctis and Prakash Pinto of Paragon builders and developers were present. Green Cliff, a proposed [...] Continue Reading »
