Real estate in India
According to the property consultant, along with the land price, house prices will also increase if the land acquisition bill is passed by the government. Confederation of Real Estate Developers’ Associations of India (CREDAI) National President Lalit Kumar Jain commented that this will not be a good step towards the economic growth and it will [...] Continue Reading »
Reserve Bank of India holding on policy rates can put more stress on real estate market, says real estate developers. RBI should have cut down the rates as the growth rate is coming down and industry and government is also calling for a rate cut. Lalit Kumar Jain, national president of Confederation of Real Estate [...] Continue Reading »
The Economic Offences Wing (EOW) of the Mumbai has filed a case against four realty firms for duping flat owners. Two real estate companies developed a plot of land in Ambewadi, Parel for constructing a 14 storey building. Once the building is constructed, it was demolished later due to some reason. The realty firms then sold the [...] Continue Reading »
Indian real estate is witnessing a tough competition both internally and externally. Foreign retail players are rushing to step in the Indian realty sector and at the same time, the domestic real estate developers are trying to reach out to them. The domestic retail developers reported that they are trying to build the retail chains [...] Continue Reading »
The government of Maharastra has made a proposal to revamp 202 chawls of the erstwhile Bombay Development Directorate, spread across 91 acres in South Mumbai . The chawls will be constructed on 15 million sq ft of floor space index or about 20 mn sq ft of saleable area. The project will be developed by [...] Continue Reading »
Pune- The luxury segment of Pune city’s the real estate market has shown signs of recovery. According to experts, there is a rise in demand for luxury projects all over India. In 2012, more than 50 percent luxury projects were launched in Bangalore. In the last couple of years, there was a drop down in [...] Continue Reading »
Instead of developers, the slum-dwellers will get the Development Rights Certificate (DRC) if the government approve the new scheme sent by the Slum Rehabilitation Authority (SRA). Under this scheme, it won’t be mandatory for the slums in India to choose a house in the SRA scheme. They will have the freedom to buy a flat [...] Continue Reading »
Compared to other areas like Indirapuram, Vaishali and Vasundhra in Ghaziabad, Crossings Republik which is situated in NH 4 offers half rental prices for properties in Ghaziabad. According to reports, Crossings Republik offers Rs 5-6 per sq ft for any property whereas others rental properties offers Rs 9-13 per sq ft. Crossings Republik in Ghaziabad [...] Continue Reading »
The real estate market in India is expected to pick up in the second half of 2013 as the country’s economic front witnessed some improvement. The developers are planning to give some pre-launch benefits to attract home buyers and at the same time, they are also planning to cut short on amenities and facilities of [...] Continue Reading »
2012 was not so good for real estate market as high construction cost and falling sales affected the market sentiment negetively. However, this year was positive for home buyers who were waiting to buy or invest in real estate sector unlike the previous two years where most of the cities witnessed a steep price rise. [...] Continue Reading »
