Real Estate news
There was a marginal decline in property prices across certain pockets in the National Capital Region (NCR) and Mumbai over the past 6-12 months; however it has failed to lure investors. Property sales in the quarter ended 30 June remained sluggish and the real estate sector is hoping that after the announcement of the union [...] Continue Reading »
Mumbai has witnessed a new joint partnership – Godrej with Ratnaraj Blesing Milestone to redevelop the Kamgar Swa Sadan Cooperative Housing Society Ltd. in central Mumbai which is situated at Mahadeo Palav Marg, Currey Road. Godrej Projects Development Pvt Ltd will be playing the role of a development manager and will also take care of [...] 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 »
The Greater Noida Authority has started survey of acquiring land freshly in Noida Extension villages which also include Shahberi region, where several were hampered by Supreme Court. To acquire 156.3 acres of land in Shahberi village, the Supreme Court had destroyed the 2007 notification of the UP government last year. The authority had imposed a fine [...] Continue Reading »
A recent survey by the civic authority has revealed that there are more than 320 real estate projects in Mumbai, both commercial and residential, which have been put on hold. The data came up during a recent survey of mosquito-breeding sites in the city. Majority of these projects, around 202, are in the western suburbs [...] Continue Reading »
The Bombay Stock Exchange Realty Index reported a loss of 28 percent in 2011. According to an official this loss in index happened due to high borrowing by the developers. With the debt rate going high the sale of apartments also reduced tremendously in the last few quarters. The Real Estate market is expecting some [...] Continue Reading »
The number of apartment registration is decreased in the month of January 2012 than December 2011. It is recorded tha more than 2500 numbers of less flat sold last month in Mumbai. It is also observed that for the last two years the demand for the property marketis not increased. The cause behind that is [...] Continue Reading »
