Realty News
Veritas, which has come up with some damning reports against Indian entities – Reliance Groups, Kingfisher and DLF in recent months, has pointed out serious irregularities at Indiabulls group in its latest report. The shares of Indiabull’s various group firms plunged sharply on the back of the report by Canada-based Veritas. A day after, Indiabulls [...] Continue Reading »
With Yamuna Expressway being opened, property analysts believe that that real estate market in the region is going to witness a boom and the NCR and western UP belt will become a hot destination for homebuyers as well as investors. A hike of 30 per cent in property prices is expected as the Expressway is [...] Continue Reading »
A recent report by Jones Lang LaSalle predicts that the residential market in Chennai is to undergo a transformation in coming months. So far there has been no scope for the growth of large-sized township projects within Chennai. Developers had been more content with building 12-30 units with limited amenities. The scene is changing with [...] Continue Reading »
The trend has been that compared to other metros, the overall demand for 1BHK apartments in Bangalore are much lower. However, the recent trend shows that 1BHK apartments have gained importance in localities of North Bangalore, closer to the Devanahalli Airport. North Bangalore is growing primarily on account of proximity to the International Airport in [...] Continue Reading »
According to ranking prepared by real estate data firm Qubrex, Noida has replaced Mumbai as the second-best realty destination of India this year. Gurgaon-Manesar retained the top slot. The rankings are based on parameters like – supply and demand, likely price appreciation in three years, emerging connectivity, potential growth in economic activity, nationally reputed builders, [...] Continue Reading »
Real estate firm DLF has announced that it plans to launch new residential projects at Ludhiana, Jalandhar, Panipat and Kasauli. These projects are dubbed as part of company’s strategy to strengthen its presence outside Gurgaon. The company has not finalized the business plans entailing the investment detail in these projects. As per the company management, [...] Continue Reading »
As revealed by sources, in Mumbai‘s real estate market, cash transactions are still prevalent during transactions. The system of demanding an illegal cash payment still exists in many pockets of the city, especially Bandra, Khar and Juhu belts in the western suburbs. In the 1970s, builders used to take 80 per cent in cash and [...] Continue Reading »
The proposed Kochi Metro Rail project is expected to positively impact city’s real estate market. The project is slated to be completed in three years’ time. A report prepared by Geojit BNP Paribas Property Services points out those areas within 500 meters from the 23 Metro stations coming up in the 1st phase will witness [...] Continue Reading »
Mangalore, which has been described as one of the fastest growing tier II cities of the country, and also the fastest growing non-metro in South India, have been attracting developers from all over the country heralding a sea change in its real estate scenario. Raheja Universal is the recent entrée which is making its venture [...] Continue Reading »
While realty is growing in Kerala, especially in cities like Kochi, drinking water supply in flats have remained irregular for months. Occupants of newly-built flats in Kalamassery, Thrikkakara, and Kakkanad are facing water shortage forcing them to buy water sold through tanker Lorries. Since they cannot get access to water supply, flat dwellers have to [...] Continue Reading »
