Realty News
Nashik is the administrative headquarters of Nashik district and Nashik Division. It is located in the northwest of Maharashtra, 180 km from Mumbai and 202 km from Pune. The locations that were once ignored for residential purpose have become hot property destinations. Today it is being considered as the premium residential location of the city, [...] Continue Reading »
The RBI said in a notification that Banks are permitted to change the benchmark and methodology used in the computation of Base Rate for a further period of six months.Earlier, banks were given time till December 31 to adopt the new method for computing base rate. Base rate is a new system of lending money [...] Continue Reading »
The State Consumer Disputes Redressal Commission Mumbai fined Builder Rs 6.5 Lakh for not giving amenities. The consumer court order has cheered scores of home-buyers who are misled or even duped by builders. In 1997, a retired IOC executive and his son booked a flat in Goregaon (east) in a project advertised as “exclusive homes [...] Continue Reading »
Major problems that are common to commercial complexes in Residential areas are parking and noise pollution. The worst affected are Jayanagar, Koramangala and Indiranagar, and parts of Sadashivanagar. Cars and two-wheelers are parked along the streets, and kick up dust and noise all day long. Elderly residents are also concerned about safety as strangers roam [...] Continue Reading »
The retired director of National Institute of Technical Teachers’ Training and Research (NITTTR), Dr M Narayana Rao, is shocked to know from his neighbour in HBR Layout that a leading real estate agent has sold his property after taking some advance payment and claimed they had all the documents. Narayana Rao who lives in Hyderabad, [...] Continue Reading »
A century-old residential building in the heart of south Mumbai-Nowroz Building near Girgaum Chowpatty has been bought by Pune-based developer Avinash Bhosale for Rs 150 crore. The four-storied Nowroz Building on Hughes Road near Girgaum Chowpatty was built at the turn of the last century and is a tenanted, cessed property. Bhosale confirmed the deal. [...] Continue Reading »
Housing demand had increased last year after economic revival boosted consumer confidence and banks introduced teaser rates with lower interest cost for borrowings. Sensing better demand, builders had increased prices between 20% and 35% across the country. Property prices are likely to come down in 2011 making it more affordable to own a house, as [...] Continue Reading »
India is now touted to be the next hub for tall buildings and high-rise structures due to high density and smaller building footprints offered by Indian cities. The recent real estate boom and urbanization witnessed by metropolitan cities like Mumbai, Hyderabad and smaller cities like Ahmedabad have contributed to the trend of vertical construction. “India [...] Continue Reading »
After a brief lull in 2008-09, property prices rose sharply in 2010. According to realty experts, in 2011, the momentum in property prices is likely to continue. But the gains may not be uniform across the country. The Property prices are likely to appreciate in a few pockets. Here is a ist of hot property [...] Continue Reading »
The Bombay high court has ruled that a police officer residing in government quarters cannot claim tenancy rights on it. The judgment was given in answer to a petition filed by Tukaram Borade—a former assistant police inspector (API) attached to the Mumbai police. A former assistant police inspector (API) Tukaram Borade had filed a suit [...] Continue Reading »
