Realty News
The government has suggested tighter rules for foreign direct investment (FDI) in real estate in India which will bar a foreign company from repatriating funds even after the mandatory three-year lock-in period in an Indian company. The new norms will make it mandatory for foreign companies to complete at least 50% of the project within [...] Continue Reading »
Assotech real estate has launched a premium housing project in Gurgaon sector 99. Real estate Private Equity firm SUN-Apollo will invest Rs 500 crore in the project. Assotech Blith will be constructed over 12 acres. The project will have 586 apartments on the upcoming 150 NPR (Dwarka expressway) in Gurgaon and is one of the [...] Continue Reading »
Supertech Limited has planned to enter the real estate market in Gurgaon. They are launching new residential project Araville at Sector 79, Gurgaon. This will be the first residential project by the builder in the State of Haryana. Supertech Limited has previously constructed many projects in Noida, Meerut, Moradabad, Haridwar and Rudrapur. The project is [...] Continue Reading »
Nitesh Fisher Island, a high-end villa project in Goa, has been launched by Nitesh Estates. The project will be constructed over 9.3 acres and comprises 36 high-end villas. The project is expected to be completed in the next two to three years and will cost around Rs 300 crore. Each villa is priced between Rs [...] Continue Reading »
The huge uncertainty of the real estate market of India is keeping the home buyers away from the market. A survey made by a real estate analyst firm states that most of the Indians are pretty scared of investing in the real estate market now. The individuals are worried about the delay in project completion. [...] Continue Reading »
Highrise apartments are attracting more and more home buyers as Kanakapura, has a great connectivity to Electronics City, Hosur and Sarjapur. Apart from these, the place also have a close proximity to Jayanagar and JP Nagar. Having Whitefield on one side and Magadi Road, Mysore Road and Tumkur Road on the other, Kanakapura is coming [...] Continue Reading »
The Kolkata Metropolitan Development Authority (KMDA) has denied about any irregularities in providing completion certificates to the residential units in Kolkata developed at the Kolkata West International City (KWIC) project. KWIC has constructed an Rs 6,000-crore satellite township on 390 acres of prime land at Salap on NH-6. According to the development proposal 800 row [...] Continue Reading »
It is recorded that in several areas in urban and rural Bangalore, residential sites have been formed and sold by creating fake documents. So, the inspector general of stamps and registration has directed all sub registrars, especially those in Bangalore, not to register any property that does not have valid conversion certificates. The authority has [...] Continue Reading »
The residential projects in Mumbai has started getting approval for their constructions. Recently a luxurious residential project in central Mumbai got the approvals needed to start construction. The project was launched by India bulls Real Estate Ltd. The builders and developers in Mumbai are now hopeful that project launches will resume in Mumbai, after a [...] Continue Reading »
As of date Ahmedabad has unsold apartments of Rs 3000 crore. While large developers are refusing to budge on the price front, smaller ones with poor holding capacities and lack of financial access are silently selling their stock at 25% lower than the existing market rates. Most of the unsold units have piled up in [...] Continue Reading »
