Developers
Drop in sales seem to have no impact on prices of property in Mumbai. Stamp duty and registration data of flat sales clearly indicate a downward trend but developers and investors seem to be holding on to hiking prices in the financial capital. According to Groffr, a group buying portal, Mumbai’s real estate have taken [...] Continue Reading »
As real estate in Bangalore soaring to new heights, developers are being accused of unfair practices by flat owners’ associations in various situations. Complaints range from corpus fund being siphoned off to being denied free access to common facilities like swimming pool or gym as have been promised to the buyers prior to completion. Many [...] Continue Reading »
Over four lakh flat owners in Maharashtra, who had bought properties between June 20, 2006 and March 31, 2010, may have to pay Value Added Tax (VAT) to the state government. As the state government plans to recover VAT, a trade circular is issued by the Maharashtra sales tax commissioner on August 6. The tax [...] Continue Reading »
Gurgaon has registered the fastest growth in the real estate sector in the country. Developers are flocking to the region to launch new projects after prices shot up by as much as 25 per cent in the last one year. Big realty players like Godrej Developer, Tata Realty from Mumbai and Sobha Developers from Bangalore [...] Continue Reading »
Property consultancy firm Jones Lang LaSalle has reported that in order to attract home-buyers in Chennai, developers are planning several township projects with a host of amenities in the coming months. The existing scenario in Chennai real estate is going to change. The study states that the new ‘game-changers’ include generous landscaping, serene environment, schools [...] Continue Reading »
The new Maharashtra Housing (Regulation & Development) Bill, 2012, came under attack from housing experts as they labeled it ‘builder friendly’. Activists, housing societies and flat buyers claimed that not only was it poorly drafted, but also failed to maintain transparency and stated that it is a watered down version of the repealed Maharashtra Ownership [...] Continue Reading »
Mangalore, which has been described as one of the fastest growing tier II cities of the country, and also the fastest growing non-metro in South India, have been attracting developers from all over the country heralding a sea change in its real estate scenario. Raheja Universal is the recent entrée which is making its venture [...] Continue Reading »
Bangalore developers are performing much better than their counterparts in the rest of India in terms of sales and aggressive project launches. As per the books, Shobha Developers and other leading realtors are in better position than their counterparts in other metros. Although Bangalore-based real estate firm Brigade Enterprises Ltd’ s numbers contrast with Shobha’ [...] Continue Reading »
Sobha Developers Ltd posted a 73 per cent rise in net profit to Rs.45 crore for the June quarter. It sold 25 per cent more space at sharply higher prices in its key market Bangalore. Revenue rose 57 per cent over a year ago to Rs.433.2 crore. The realty firm sold 835,600 sq ft. of [...] Continue Reading »
Criticizing Brihanmumbai Municipal Corporation (BMC) passing a proposal to chop down 481 tress for a housing project in Goregaon (E), BJP corporators have accused the civic administration of giving in to pressure from the developer and walked out of a general body meeting. The BJP has raised doubts over transplanted trees as a solution to [...] Continue Reading »
