Realty News
According to a Reuters poll, house prices in India have no signs of coming down in the current financial year. House prices have almost doubled in the past five years and the scenario continues to look gloomy for the buyers. However, as per the poll prediction, prices in Mumbai have a fair chance to fall [...] Continue Reading »
Residential property sales across Bangalore have dropped up to 40 per cent in April-June quarter as compared to the peak of Q4 2012. The city’s realty markets, where real estate sales are largely driven by IT clientele (60-65 per cent), have been going through a sluggish period. According to Karvy Institutional Research, a brokerage firm, [...] Continue Reading »
Real estate firms and property consultants today expressed disappointment over RBI’s decision to keep rates unchanged. There were no change in the rates in previous policy announcement and the real estate sector was expecting a rate cut this time around. Experts maintain that the sector urgently needs cut in interest rates to boost housing demand. [...] Continue Reading »
Gulf Oil Corporation Ltd has entered into a joint development pact with Hinduja Estates for development of the 76 acre company land in Hyderabad. As per sources, the project is to be completed in five-six years and will be located at the company’s campus close to the busy residential-cum-business hub in Kukatpally. As per agreement, [...] Continue Reading »
Avalon Group announces the launch of its biggest project in Bhiwadi. The 1,100 flats project in Delhi, spread over 15 acres, is estimated to ensure a sale price of Rs 400 crore. . The project is called The Royal Park project. The company disclosed that the average price would be Rs 2,300 to Rs 2,600 [...] Continue Reading »
The Punjab and Haryana high court has ordered the Haryana government to take action against builders for illegal use of groundwater. The court also ordered to seal all borewells at construction sites in Gurgaon over the next two weeks. The court order will have an adverse effect on nearly 450 ongoing commercial and residential projects. [...] Continue Reading »
Retired lieutenant general Tejinder Singh,a member of the Adarsh housing society, has said the inquiry commission that the Adarsh building was not a security threat to any army installations. He said he did not paid any attention to the security concerns of the defence department as he felt the building did not pose any threat [...] Continue Reading »
Godrej Properties, the real estate development arm of the Godrej Group, through its wholly owned subsidiary Godrej Projects Development Private (GPDPL), recently signed an agreement to redevelop a private society owned property in Ghatkopar, Mumbai. The project is located in the heart of the central suburbs, just off LBS Marg and has excellent connectivity to [...] Continue Reading »
The Bombay high court has restricted developer Vasant Sagar Properties Pvt. Ltd from carrying out any construction work beyond five floors. The builder had proposed to build a 13-storey residential building in Marine Drive, which violates the height limit of 28 meters. However, the builder said that all rules were being followed for construction and [...] Continue Reading »
Brick Eagle Capital Group is the latest to enter the low cost housing sector. It plans to invest Rs. 200 Crore in five projects of Xrbia Developers Limited. Xrbia is an affordable housing venture promoted by the Eiffel group. The proposed five projects will come up in the area of Karjat, near Mumbai, on 150 [...] Continue Reading »
