Realty News
The central government is considering to raise the limit of housing loans eligible at interest of one per cent to Rs 15 lakh from the current Rs 10 lakh. The proposal is likely to be discussed in the Union Cabinet this week. The move aims towards activating real estate growth as a major contributor for [...] Continue Reading »
XRBIA Developers, the former Eiffel Developers & Realtors Ltd., has recently revealed the first-of-its-kind affordable housing brand XRBIA for pan India. Hafeez Contractor, a 61 year old renowned architect, has developed a revolutionary new design for affordable housing. An exact full size model of the actual house was shown during an occasion. XRBIA – Connoting [...] Continue Reading »
Global realty consultant CBRE on Thursday said absorption level of office spaces in India may come down by about 15 per cent to around 30 million square feet this year due to the current economic slowdown. In the case of large spaces, market is slower and this will lead to fall in office space absorption [...] Continue Reading »
The AP government has ordered to stop a suspected land grabbing attempt on the basis of a 200 year old gift deed. The land is said to be an ‘abadi’ land, a common property of the village. Anil Chandra Punetha, the principal secretary of registration, has stayed an order issued by former chief commissioner of [...] Continue Reading »
Realty consultant Cushman & Wakefield today said that Indian realty is likely to witness around 25 per cent drop down in land deals around Rs 15,000 crore as a result of decline in demand. According to C&W, smaller realty developers would end up buying most of the lands this year than top players. India had seen [...] Continue Reading »
Local developers show mixed reactions as the revised government order (GO 245) on affordable housing issued by the Municipal Administration and Urban Development (MAUD) department on Saturday. While developers lauded the state government for exempting projects measuring up to 5 acres from the EWS/LIG clause, they rued its decision to lay separate guidelines for the [...] Continue Reading »
The 24 acres land allotted to real estate major DLF Building India by the Hyderabad Municipal Development Authority has been cancelled by Andhra Pradesh Government. The 24-acre site was allocated to DLF located at Moosapet village in the busy Kukatpally area abutting the Hyderabad-Mumbai Highway. The State Department of Municipal Administration and Urban Development late [...] Continue Reading »
After three years of decline, Dubai is witnessing a recovery in the real estate market. Prices of apartments and villas have increased up to nine per cent and 16 per cent respectively here during the first half of this year. According to a report by the property management firm Asteco, apartment rents have risen by up [...] Continue Reading »
The BJP government has decided to levy commercial property taxes on properties owned by discoms and power generation companies due to the steep hike in power tariff, especially in streetlights. According to officials, discoms are charging electricity at commercial rates for street lighting and operating pumps in corporation parks. As per the recent order, the [...] Continue Reading »
Jamshedpur realty, being chased by one or the other crisis, did not yield good response in the first two quarters of 2012. When the developers were finding ways to tide over the Chotanagpur Tenancy (CNT) Act 1908 crisis and Sanjeevani Buildcon fraud episode, the economic slowdown has just hit them hard. Jamshedpur Builders Association Chairman, [...] Continue Reading »
