Pune
The residential real estate index prepared by the National Housing Bank (NHB), the housing prices in 16 cities including Delhi, Mumbai, Chennai, Bangalore, Pune, and Kolkata improved in the quarter ending June 2012, compared to the previous quarter ending March 2012. The prices of residential properties in 16 cities have shown an increasing trend in [...] Continue Reading »
Three days of the 90-day deadline given by the Supreme Court to the Sahara Group to repay over 22 million investors in its bonds have passed and it looks like the only way the Sahara Group can repay its debt is by selling off its assets. The Supreme court had confirmed Securities and Exchange Board [...] Continue Reading »
Located on the eastern side of Pune, Dhanoriis an upcoming realty destination. Dhanori enjoys accessibility to several places in Pune and is located near the airport. Pune station is around 10-11 kms, too. Due to availability of land, developers increasingly prefer this location. Pride Purple Group has their projects Pride Aashiyana and Park Springs and [...] Continue Reading »
The definition of luxurious house seems to be undergoing changes as more emphasis seems to be on quality of amenities rather than on spaciousness. By designing homes smaller in size and providing all the amenities in the common space without compromising on quality, developers are targeting wider buyer segment and making luxury homes economically viable [...] Continue Reading »
Analysts state that fast growing number of high net worth individuals (HNI) in India have pushed up the demand for luxury apartments. Approximately 40 per cent of the real estate sector caters to their investment portfolio. Rs 1 – 15 crore are witnessing higher demand in the cities such as Gurgaon, Bangalore and Pune. The [...] Continue Reading »
Lonavala, located between Mumbai and Pune and accessible through the expressway, has always been a popular weekend retreat among Mumbaikars. Now, real estate experts like Jones Lang LaSalle India and Cushman & Wakefield have predicted a huge real estate potential in future for Lonavala. Besides being a hill station, it enjoys excellent road and rail [...] Continue Reading »
The National Housing Bank data shows a peculiar trend that despite economic slowdown in the country, house prices have not suffered. Apparently, house prices have managed to beat the economic slowdown. Rates displayed a rising trend in the April-June quarter as shown in the survey. National Housing Bank showed Pune posted the highest gains in [...] Continue Reading »
Real estate developer City Corporation has tied up with international crystal brand Swarovski for designing its 14-acre township in Pune. The project is called Amanora Gateway Towers I, which would be developed at a cost of Rs 10,000 crore. Swarovski will design crystal applications and lighting products for the township’s fixtures and interiors, Gateway Towers [...] 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 »
The experts have criticized the new housing regulatory bill in Maharashtra. Under the new housing regulatory bill, not only the developer but even flat buyers can be put behind bars and made to pay a fine if they fail to comply with the housing regulatory authority’s order. Experts feel there is nothing to cheer about [...] Continue Reading »
