Realty News
Bangalore based real estate developer Sobha Developer has set a target of Rs 2000 crore from selling of real estate projects in India. According to a higher official of Sobha developer, the growth momentum in terms of launching and booking of new projects will continue in the same pace. In last financial year of 2011-12, [...] Continue Reading »
Private equity (PE) funds have become conscious regarding the investment into real estate in India. Now a days, the PE firms are showing less interest in investing in start up projects, since most of the earlier investments have not shown the expected appreciation so far. Moreover, the project delays also worries the PE investors. $359 [...] Continue Reading »
The Central finance minister has announced the removal of one per cent tax deducted at source (TDS) on any transaction of immovable property in India. All the developer’s associations in India has welcomed the decision as it will reduce the tax burden from the buyers of properties in India. Earlier in Budget proposal, the finance [...] Continue Reading »
One more expressway (PVNR Elevated Expressway) will start functioning by the second week of July 2012. This highway will connect the city with the international airport at Hyderabad. Once the expressway will start operating the residents of the Lakshminagar, Upparpally and Aramgarh will be benefited. The real estate of Hyderabad will also see rise in [...] Continue Reading »
The cost of new real estate projects in Mumbai are increasing sharply. But the cost of properties for resale have not increased since 2010. According to a real estate research firm, the developers are artificially raising the cost of the new launched properties. According to a report by the registration department in Mumbai, there has [...] Continue Reading »
Maharashtra Housing and Area Development Authority (MHADA) has planned for a joint venture with private developers to construct residential apartments in Mumbai. MHADA took this decision, as the cost of the properties are rising beyond the reach of the common man and there is a huge difference between demand and supply of residential apartments in [...] Continue Reading »
At present, redevelopment of properties is the “in thing” in real estate sector. One of the top realty player, Godrej Properties has planned to expand its project portfolio in the redevelopment segment. In context with same GPL Managing Director and CEO Pirjsha Godrej says, that in order to increase the availability of housing in Mumbai, [...] Continue Reading »
According to a recent survey made by a consulting firm, residential properties in Delhi are selling much faster than any other cities in India. According to the survey, Delhi has almost 1.6 million units of unsold apartments and it will only take almost 23 months to sell these apartments. The reasons behind the speedy sale of [...] Continue Reading »
A three-day seminar on Real Estate Management was organized in Bangalore. The students of Acharya Bangalore B School attended this three-day seminar as part of the Management Development program. Realtors and analysts from Indian real estate attended seminar to clearly explain the future prospects and various professional options. Industry experts from Brigade Group, Sobha Developers [...] Continue Reading »
Pushkara, the premium lake view residential apartment complex at Old Mahabalipuram Road (OMR) Chennai, has been launched by the Marg ProperTies, the real estate arm of Marg Limited. Pushkara will be constructed over an area of 3.84 acres and will comprises 204 homes including Studio (1 BHK), 2 BHK and 3 BHK apartments over five [...] Continue Reading »
