Real Estate Sector
Ghaziabad is fast becoming one of the hot spots of real estate growth in India. The reason being concerted effort put up by Ghaziabad Development Authority (GDA), UP Awas Vikas, the municipal authorities and various private developers to improve the social and physical infrastructure of the city . The city has witnessed an appreciation of [...] Continue Reading »
Tata Housing has announced that it is planning to launch eight to 10 projects in the country this financial year in spite of overall slump in the sector. Under its affordable housing segment, ‘Smart Value Homes’, Tata Housing has forayed into Gujarat by launching Shubh Griha in Ahmedabad. Along with its domestic operations, it has [...] Continue Reading »
A lot of buyers find themselves in a fix before buying a flat because the developer does not hand over the project to the tenants despite its completion. Many factors can be behind this – there might not be a registered housing society, developer may not have received the occupancy certificate (OC) from the civic [...] Continue Reading »
According to a recent report from Prabhudas Lilladher, property sales registrations in Mumbai in the first quarter of the current fiscal were up six per cent on a sequential basis. The report stated that March-May period saw registrations crossing the 5,000-mark. NRI-led demand due to significant weakening of the rupee may have played its part [...] Continue Reading »
Home buyers in Gurgaon are worried over the high court’s order of ban on issuing fresh licences to builders due to water scarcity in the city. Home buyers are apprehensive as the order might push the delivery deadlines and cause a hike in real estate projects. Property prices are likely to go up citing an [...] Continue Reading »
The slowdown in sales of properties in Mumbai has largely hit the luxury segment. According to the real estate consulting firm Knight Frank an estimated 80,000 unsold houses under construction are in the Mumbai Metropolitan Region (MMR). The study reveals that South and Central Mumbai are the worst hit. While there are takers for units [...] Continue Reading »
Micro Technologies (India) Ltd, a leading global developer and marketer of IT, security devices and solutions, have been reportedly asked to provide a comprehensive technology and security cover for the 1.2 million square feet World Trade Park (WTP) project. For the coveted project, it has sought partnership with M/S Sincere Architects Engineers Pvt. Limited to [...] Continue Reading »
The Confederation of Real Estate Developers Associations of India (CREDAI) has put forward a plan to the Prime Minister to enable reforms in the real estate sector and help rejuvenate it. Home sales registrations continued to decline in the first half of 2012, although by only 3.4 per cent when compared to the same time [...] Continue Reading »
The Punjab and Haryana high court order barring developers from using ground water continues to draw sharp reaction from developers. The developers blamed the government stating that in spite of collecting external development charges (EDC) and infrastructure development charges (IDC) from them, the government has put them in a precarious situation. They argued that Haryana [...] Continue Reading »
Even though the real estate sector has not been doing very well, the Andhra Pradesh government is planning to revise the market values of agricultural and urban lands from August 1. The move is taken to increase the revenue to the department of Registration and Stamps by raising the registration fee and stamp duty, which will [...] Continue Reading »
