Realty News
Fitch Ratings has upgraded Ansal Housing and Construction Ltd’s long-term rating and declared it stable. The rating comes as a good sign to the real estate industry as Ansal has been one of the major and reliable players with over two-decade experience in the domestic real estate business. The rating reflects regular servicing of term [...] Continue Reading »
In the first instance of its kind, the officials of a private developer firm have been arrested following complaints from buyers.The directors of Pal Infrastructure and Developers Pvt. Ltd were arrested on charges of fraud in their Faridabad project. As per the complaints, the builders started the construction work in 2006 without obtaining a license [...] Continue Reading »
According to a recent report from Prabhudas Lilladher, property sales registrations in Mumbai in the first quarter of the current fiscal were up six per cent on a sequential basis. The report stated that March-May period saw registrations crossing the 5,000-mark. NRI-led demand due to significant weakening of the rupee may have played its part [...] Continue Reading »
Bandra-Kurla Complex (BKC), that houses many corporate offices may gradually change intoa high-end residential enclave as the state government declared plans to increase the amount of residential space at this suburban commercial hub by altering a few plot reservations from commercial to residential. The transformation of BKC into a well-off residential-cum-commercial pocket-borough would mean it [...] Continue Reading »
A newly built luxurious apartment by the Providence Builders and developers was inaugurated in Bejai, Mangalore, on Saturday July 14. The apartment is named Providence Abode-2 developed by Providence, promoted by two young entrepreneurs who have an experience of over a decade in building quality homes, apartments and layouts. A formal stage programme was also [...] Continue Reading »
NCR Planning Board is all set to push the real estate prices in Greater Noida amid indications from developers that they would go for a price revision once the draft gets green signal the board. While the existing flat owners waiting for possession of properties remain unaffected, new buyers may have to pay at least [...] Continue Reading »
Former army chief Deepak Kapoor has told a judicial panel probing the Adrash Society scam that he didn’t think that the high-rise would be a security threat due to its proximity to a military station. Claiming the building poses threat, Ministry of Defence, in a pending petition in the Bombay High Court, has sought demolition [...] Continue Reading »
After several failed attempts with different players, Jaiprakash Associates reportedly have got Irish building materials group CRH Plc. enter into India with them. As per reports the Irish group has entered the fray to buy Jaiprakash Associates’ cement plants in Gujarat and Andhra Pradesh. Jaiprakash Associates, a diversified Delhi-based conglomerate with interests in cement, power, [...] Continue Reading »
The slowdown in sales of properties in Mumbai has largely hit the luxury segment. According to the real estate consulting firm Knight Frank an estimated 80,000 unsold houses under construction are in the Mumbai Metropolitan Region (MMR). The study reveals that South and Central Mumbai are the worst hit. While there are takers for units [...] Continue Reading »
Ahmedabad has grown tremendously over the past decade due to progressive policies and development oriented governance. On the realty front, it has witnessed unparalleled returns and has become one of the most exciting investment destinations in India today. Retail boom in the city is unprecedented. Office space investments and money value of commercial properties have [...] Continue Reading »
