Realty News
The National Housing Bank data shows a peculiar trend that despite economic slowdown in the country, house prices have not suffered. Apparently, house prices have managed to beat the economic slowdown. Rates displayed a rising trend in the April-June quarter as shown in the survey. National Housing Bank showed Pune posted the highest gains in [...] Continue Reading »
Statistics show that Mumbai-based real estate firm Housing Development and Infrastructure Ltd’s (HDIL) gross debt has come down by 5 per cent in the first six months of the current calendar year and stood at Rs 4,040 crore as on June 30. However, HDIL reported 44 per cent fall in net profit. Profit stands at [...] Continue Reading »
The US government has hired property consultancy Knight Frank to carry out a valuation and review of all its real estate properties in India. The properties, valued at thousands of crores, were acquired over the years at low rates and the recent move may indicate possible sale of some assets in the future. The properties [...] Continue Reading »
The Finance Minister has urged the chiefs of government-owned banks to put pressure on real estate developers to lower property prices. This has been done in order to get the economy moving, which has been hit by a slowdown. In a meeting with bank chiefs, Finance Minister, P Chidambaram, asked the bankers to influence builders [...] Continue Reading »
Confederation of Real Estate Developers’ Association India(CREDAI) has endeavoured to raise the real estate appreciation bar. The developers’ apex body has recently felicitated the Archaeological Survey of India (ASI) with the ‘Best Maintained National Monument’ award for their maintenance of the historic Fatehpur Sikri. CREDAI also honoured Shantilal Muttha, Chairman and Managing Director of Muttha [...] Continue Reading »
Thane has emerged as a preferred residential destination in recent years in Maharashtra. The main reasons being rapid development in various sections of the region. Also the surrounding natural beauty of Sanjay Gandhi National Park, Yeoor and Parsik hills have been a factor. An erstwhile industrial hub, the area has seen a tremendous change in [...] Continue Reading »
Following complaints from commuters regarding difficulties faced due to fuel scarcity, the Yamuna Expressway operator, Jaypee Group on Monday promised to improve facilities. The company has begun a departmental probe to look into the plight of commuter. The Group indicated that the first petrol pump on the freeway may become operational by September 15 near [...] Continue Reading »
Following an unprecedented appreciation in real estate prices, investors seem to be flocking in to Vijayawada recently. The sharp rise in prices of Vijayawada has much to do with the Telengana agitation and the resultant political uncertainty prevailing in Hyderabad. While real estate prices in Hyderabad have recorded a modest increase of 5-10 per cent during [...] Continue Reading »
Bhiwadi on National Highway 8 promises to become a real estate destination. It has an established industrial set-up and with the rise in housing demand it has witnessed unprecedented growth in realty front. MNCs and commercial real estate markets foraying into Bhiwadi has driven the growth of residential property in the city. Developers like Ashiyana, BDI, [...] Continue Reading »
Tata Realty and Infrastructure Ltd (TRIL) proposes to invest over Rs 1700 crore in two to three years for various projects in the country. TRIL is a 100 percent subsidiary of Tata Sons Ltd. Their future investment includes Rs 550 crore in Kochi for a premium waterfront residential property, ‘Tritvam‘, at Marine Drive. According to [...] Continue Reading »
