Realty News
Housing Development Finance Corporation (HDFC) has sought to revive the market for fixed rate home loans. HDFC has decided to launch a new product where interest rates are fixed for 10 years. Under the new scheme, rates would be 125 basis points lower than HDFC’s existing fixed rate loans. The new scheme is called “Trufixed [...] Continue Reading »
BBMP recently passed a resolution to include Electronics City (E-city) under its jurisdiction. However, on the other hand, state cabinet is already contemplating giving industrial township status to the area. State government has to approve the resolution passed by BBMP, for it to be effective. If approved,industries and commercial areas that are notified as part [...] Continue Reading »
Tata Housing Development Co. Ltd and Arvind Real Estate, a real estate arm of Arvind Ltd, on Tuesday announced the launch of the Phase-II of a mega integrated sustainable township in Ahmedabad. The township, “New Haven Compact” spreads over 135 acres. It has been inspired from the architecture of Gujarat and Gujarati way of life [...] Continue Reading »
The Confederation of Real Estate Developers Associations of India (Credai) has announced that it will set up an institute in Ahmedabad to impart education and facilitate research in the real estate sector. Credai Institute of Real Estate Research and Professional Studies will come up near Kensville Golf and Country Club near Ahmedabad. The institute, aimed [...] Continue Reading »
Real estate major Unitech Ltd registered decrease in sales by 31 per cent in Q1 as compared to the year-ago period. While the company sold properties worth Rs 701 crore during the first quarter of this fiscal, they had registered a sales booking of Rs 1,020 crore during April-June quarter of last fiscal. Unitech sold [...] Continue Reading »
Around 20 allottees recently got possession of their HIG Dwarka flats built under Delhi Development Authority (DDA)’s 2010 housing scheme. However, the ‘ready-to-move-in’ flats are still devoid of basic facilities like water, electricity connections and roads. Of the 930 high-end flats in the complex, 217 are still under construction. Though DDA officials had claimed that [...] Continue Reading »
Miyapur located on National Highway 9 near the Pune-Hyderabad-Machilipatnam highway is witnessing high demand and appreciation in the residential segment. Both demand and supply in the residential sector in the area have increased in recent times. Strategic location and affordable values in Miyapur are the key factors which have pushed the real estate boom. Hyderabad [...] Continue Reading »
The Golf Course Extension Road, which is relatively a new locality, is emerging as a new real estate destination. The area is rapidly gaining prominence owing to its easy accessibility to NH-8 and South Delhi via the Gurgaon-Faridabad Expressway. Golf Course Extension Road, constructed in 2009, connects Golf Course Road to Gurgaon-Sohna Road. Developers and [...] Continue Reading »
The new industrial policy of Madhya Pradesh is likely to be unveiled by the middle of the next month. The proposed policy has already started brewing up storms as it proposes an increase in the price of industrial land to Rs 40 per sq ft from the existing Rs 23.75 per sq ft. The industries [...] Continue Reading »
The National Coastal Zone Management Authority (NCZMA) recently reclassified Khar Danda area as a creek. The reclassification is expected to bring in strong incentive for the developers in the area. As Coastal Regulation Zone (CRZ) norms in the Khar Danda area are eased, the stage is all set to spur redevelopment activity the area. The [...] Continue Reading »
