Realty News
National Housing Bank (NHB) has expressed hopes that price correction in housing market is due soon. NHB, the regulator of housing finance companies, has predicted a decline in the real estate prices in the near future. NHB attributes the fall in prices to the large number of empty houses which is due to be sold. [...] Continue Reading »
A recent survey shows that real estate sector remains the preferred asset for investors in India. It is being followed by gold and silver. The investment pattern in the country suggests that investment flow have been highest in the traditional modes of investments such as in properties and gold or silver. Given the uncertain economic [...] Continue Reading »
Frazer Town in Bangalore has witnessed 14 per cent realty growth in the last quarter. The rental values are a healthy Rs 17-18 per sq ft, which is even higher than localities such as CMH Road and Domlur which have rental values of Rs 13-14 per sq ft. Frazer Town witnesses a growing demand for [...] Continue Reading »
ICICI, HDFC and Vijaya Bank have joined the race to cut rates for the festival season, in a series of efforts by lenders to boost home market. The lenders have cut their rate by up to 100 basis points on their home loans. Under the festival scheme, ICICI Bank will offer home loans of Rs [...] Continue Reading »
Mysore realty market has become an attraction for non-resident Indians (NRIs). NRIs and expats from Karnataka are increasingly showing an interest in the real estate market of Mysore for residential as well as for business purpose. Currently, there are over 30 residential projects in Mysore being developed primarily for NRIs. The reason behind the increased [...] Continue Reading »
Crossings Republik is newly emerged NCR locality which is attracting lots of home buyers. Located on NH 24 bypass road, Crossings Republik is particularly attracting a lot of buyers for 3BHK multi-storey apartments. The key factor attracting buyers to Crossings Republik is its proximity to Noida. It is located at a distance of 6 km [...] Continue Reading »
DB Realty Ltd, which was caused in the maze of 2G scam, is on its way to make a return to Mumbai’s realty scene by launching new projects and rebranding existing ones. The company’s stock has fallen 33 per cent since February 9, 2011, when its managing director, Shahid Balwa, had been arrested by the [...] Continue Reading »
A residential project in Bangalore worth Rs 100 crore was launched by Godrej Properties in a joint venture with actor Fardeen Khan and his sister Laila Khan. Godrej Gold Country, a 12-acre premium residential property, will come up on the outskirts of the city in Chikkabidarakallu village owned by late Bollywood actor Feroze Khan. Pirojsha [...] Continue Reading »
Faced with sluggish sales and rising cost of production, builders across the country are increasingly turning to technology, looking to innovative ways in construction business. The cost of building materials such as cement and steel has risen by 35-40 per cent over the past two years. Added to it, the labour rates have also got [...] Continue Reading »
National President of the Confederation of Real Estate Developers Association of India (CREDAI) – Lalit Kumar Jain has asserted that reforms are necessary to boost the struggling realty sector. He says that there is a shortage of 31 million houses in India of which 26 million are in the economically weak and low income group [...] Continue Reading »
