Realty News
The Statecon 2012 which will be organized by Confederation of Real Estate and Developers’ Association of India (Credai), Karnataka chapter in Mangalore, has attracted the builders in the city. The building industry affiliated to Mangalore chapter of Credai have agreed to donate Rs 1 crore for the construction of MCC-Credai swimming pool. Although the fund [...] Continue Reading »
Analysts state that fast growing number of high net worth individuals (HNI) in India have pushed up the demand for luxury apartments. Approximately 40 per cent of the real estate sector caters to their investment portfolio. Rs 1 – 15 crore are witnessing higher demand in the cities such as Gurgaon, Bangalore and Pune. The [...] Continue Reading »
Lonavala, located between Mumbai and Pune and accessible through the expressway, has always been a popular weekend retreat among Mumbaikars. Now, real estate experts like Jones Lang LaSalle India and Cushman & Wakefield have predicted a huge real estate potential in future for Lonavala. Besides being a hill station, it enjoys excellent road and rail [...] Continue Reading »
Statistics shows that Hyderabad real estate segment saw appreciation in the new properties as compared to the resale segment during the Apr-Jun 2012 quarter. Data shows that enhanced demand and transaction in the upcoming apartment projects are more than the old properties. Although the new launches in the market are priced higher than the average [...] Continue Reading »
Research firm, Prabhudas Lilladher, has come out with its report on Mumbai real estate. According to the report, sales continue to witness slowdown in Mumbai and dip in commercial real estate has led to sharp decline in lease registrations. Sales registrations slipped below the 5000 mark for second consecutive month highlighting slackness prior to the [...] Continue Reading »
The Gera Pune Market Intelligence Report released recently by Gera Developments has revealed that the price of real estate in June 2012 reached the highest in the last four years. The average price across market in June 2011 was Rs 3,467 per sq ft, which moved up to Rs 3,647 per sq ft in December, [...] Continue Reading »
Reacting to the Union Finance Minister‘s advice asking realtors to download unsold stock at discounted prices, the Confederation of Real Estate Developers Association of India (CREDAI) has counter advised the minister to bring special incentives to boost purchase of houses. Credai has been lobbying with the government to push for reforms in the real estate [...] Continue Reading »
With major infrastructure developments such as the Metro and Monorail coming up in Mumbai, property prices have shot up in areas where infrastructure development initiatives have come up. Proposed transport systems have pushed the real estate values in Wadala-Chembur area where the first phase of Monorail is coming up. The Mumbai Metropolitan Region Development Authority [...] Continue Reading »
Karnataka unit of Credai (Confederation of Real Estate Developers’ Associations of India) aims to see the state housing surplus by 2020. Officials state that the developers’ body will dwell upon the issue in Statecon 2012, which will be hosted in Mangalore on August 25. The official source states that Credai wants to provide people in [...] Continue Reading »
As Salt Lake City in Kolkata witnesses growth in real estate sector, the property consultants and brokers seem to be smiling. They have cashed in on the rise in demand for property – both residential and commercial in and around Salt Lake. Most of the consultants recorded a year-on-year growth between 15-25 percent while few [...] Continue Reading »
