Realty News
In a report by the CRISIL Research, it is reported that there is no scope of reduction of prices for the properties in Mumbai. Though the sale of properties has reduced by 40 percent, a sharp rise in construction and funding costs, in addition to amendments to the Development Control Regulations (DCR), will increase costs [...] Continue Reading »
It is analyzed by a real estate consultant firm that Mumbai has a deeply ingrained work culture. The people of Mumbai always prefer to stay in a place which is closer to their work place. As many companies are expanding their process in the suburbs, new commercial and residential projects are coming up rapidly in [...] Continue Reading »
In a recent survey it is found that the cost of residential properties in India has increased by 12 percent in the financial year 2011-12. In the growth pattern India stands at 3rd position in the report. Typically, high interest rates dampen housing demand. However, the rise in prices in India was despite the prevailing [...] Continue Reading »
The real estate developers in India are concentrating more on the execution and completion of the older under construction projects in India. The real estate market is struggling to come out of the situation as project delay is a major concern for the investors as well as for the home buyers. It is reported that [...] Continue Reading »
Several top real estate players and Mahamaya Girls’ Inter College in Noida had received notices from the state-level expert appraisal committee for non-compliance of environment clearance approval terms. The state government has constituted the state (or Union territory) level expert appraisal committee (SEAC) to verify all real estate projects in Noida and in the state. [...] Continue Reading »
In order to attract buyers for residential apartment in Mumbai, the builders and developers are now offering a scheme where the buyer has to pay 20% of the cost while booking a flat and the remaining 80% on taking possession. Hubtown Developers launched Hubtown Sunmist in Andheri (East) and Hubtown Hillcrest project in Gurgaon. Where, [...] Continue Reading »
The bail appeal for the accused persons in the APIIC-Emaar township project case was denied by the special CBI Court. According to CBI, the promoters of the Stylish Holmes Real Estate Private Ltd had allegedly collected money to the tune of several crore towards plots developed by Emaar MGF in the controversial township project from [...] Continue Reading »
As the availability of open land in Mumbai became limited, most of the builders in the city are looking at investing in redevelopment projects in Mumbai. According to real estate analysts, the growth of real estate, particularly the fresh supply of apartments, depends on the redevelopment projects as the amount of unoccupied land is very [...] Continue Reading »
An eco-conscious real state builder, Aliens Group of Hyderabad, has undertaken several green initiative on the 40th World Environment Day. In the Go Green concept taken by the builder group, one lakh saplings will be planted in the vicinity of Hyderabad. Employee awareness programs will being conducted to emphasize on the importance of recycling and [...] Continue Reading »
The Reserve Bank of India ordered all the banks to stop charging penalty on prepayment of home loans taken on floating interest rates. The order is circulated after the Damodaran Committee had observed that foreclosure charges levied by banks on prepayment of home loans were resented by home loan borrowers. The removal of the charges [...] Continue Reading »
