Real estate in India
Real estate major Unitech Ltd registered decrease in sales by 31 per cent in Q1 as compared to the year-ago period. While the company sold properties worth Rs 701 crore during the first quarter of this fiscal, they had registered a sales booking of Rs 1,020 crore during April-June quarter of last fiscal. Unitech sold [...] Continue Reading »
The Golf Course Extension Road, which is relatively a new locality, is emerging as a new real estate destination. The area is rapidly gaining prominence owing to its easy accessibility to NH-8 and South Delhi via the Gurgaon-Faridabad Expressway. Golf Course Extension Road, constructed in 2009, connects Golf Course Road to Gurgaon-Sohna Road. Developers and [...] Continue Reading »
The National Coastal Zone Management Authority (NCZMA) recently reclassified Khar Danda area as a creek. The reclassification is expected to bring in strong incentive for the developers in the area. As Coastal Regulation Zone (CRZ) norms in the Khar Danda area are eased, the stage is all set to spur redevelopment activity the area. The [...] Continue Reading »
Century Real Estate has announced their foray into plotted development. Their first plot development project ‘Century Eden‘ is announced. The announced project is located on Yelahanka-Doddaballapur road and enjoys strategic location as it is close to the Bangalore International airport. The project spreads over 40 acres and the estimated cost is not yet announced. To [...] Continue Reading »
Brigade Group, one of India’s leading real estate developers was awarded with two prestigious awards by Confederation of Real Estate Developers’ Association of India at CREDAI Real Estate awards 2012. They were the only developer to win two awards conferred by the Real Estate industry. The awards were – “Theme based township of the year” [...] Continue Reading »
The real estate experts seem very upbeat about the Dwarka-Gurgaon Expressway. The Expressway, also known as the Northern Peripheral Expressway, will be a significant area for investment as the real estate sector has vast potential for a robust growth along the expressway. The 150-metre-wide and 18km-long Dwarka-Gurgaon Expressway is likely to be completed in the [...] 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 »
Right pricing and small ticket sizes seem to have placed South Indian real estate in a much better place than real estate players in Mumbai and Delhi. Bangalore and Chennai seem to get their property strategy right. When most developers in India are battling high interest rates, sluggish sales, delays in new launches and a [...] 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 »
The Confederation of Real Estate Developers’ Association of India (Credai), Pune Metro, has opposed state government’s order asking them to pay value added tax (VAT) on flats that were sold between June 2006 and March 2010. The number of flats that were sold during the period in Pune is estimated to be over 1.5 lakh. [...] Continue Reading »
