Realty News
State Bank of India (SBI) has offered an all-time low interest rate to its customers interested in investing in the sector. SBI offers a low interest rate of 10.25 per cent for housing loans up to 30 lakhs and 10.4 per cent for amount above 30 lakhs, said Avinash Kumar, SBI chief manager. A three [...] Continue Reading »
Mumbai has fallen in the mortgage market rankings as record real estate prices keep customers away, say realty and home finance executives. Pune and New Delhi have overtaken India’s financial capital with steady demand, while Mumbai has fallen to third or fourth position for housing finance. Mumbai used to be number one in the real estate market, but not many new projects [...] Continue Reading »
The Yamuna Expressway may turn out to be a magnet for real estate growth in the region. The signal-free 165km expressway will reduce the distance between Agra and Delhi to around 211km, reducing the travel time between the Capital and the tourist hot spot to 150 minutes, and only 90 minutes from Greater Noida. The [...] Continue Reading »
The country’s largest real estate developers, DLF has sold its 17.5-acre plot at Lower Parel in Mumbai to Lodha Developers for Rs 2,750 crore, making a profit of over Rs 2,000 crore over seven years. In June 2005, DLF had bought the land in Mumbai in an auction from National Textile Corporation for Rs 702.2 crore. [...] Continue Reading »
In an effort to improve transparency and modernize land records in the country, the Ministry of Rural Development has proposed that the registration of real estate leases should be made mandatory. The proposed amendments to the Registration Act of 1908 have been suggested by the ministry’s Department of Land Records (DoLR). The proposed changes make [...] Continue Reading »
Although inventory stock is pressing the prices to go down across the country, Tata Housing has increased prices of its residential spaces by 26 per cent in five months. Tata Housing Development Co Ltd and Arvind Real Estate jointly launched first phase of their township in March, 2012 where they sold 1,090 units at saleable [...] Continue Reading »
Experts have said that real estate investment are expected to go up significantly in Punjab in the days to come due to the state’s political stability and the rupee-dollar volatility. A recent study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) titled Growth Agenda for Punjab noted that Punjab had 49.7 percent [...] Continue Reading »
Wave Infratech, the real estate arm of Ponty Chadha’s Wave Group, has announced that Noida Authority has approved the master plan for its ambitious Rs 10,000 crore integrated township ‘Wave City Centre‘ at Noida. The integrated mixed-use project would be developed on the land the company had won last year through an auction for about [...] Continue Reading »
Residents of Shalimar Township on AB road, one of the largest townships in Indore are facing trouble due to the construction of BRTS corridor. The 1000 plus vehicle owners of the township demand that there should be crossing on the lane as abrupt end to the service lane on either side of the entry to [...] Continue Reading »
According to sources, real estate developer DLF Ltd has sealed Mumbai’s NTC Mill land deal with the Lodha group on Thursday. Although no official announcement has yet been made on the deal pegged at over Rs 2,500 crore, an announcement is expected next week. The top management of the Lodha Group is believed to be [...] Continue Reading »
