Realty News
Housing Development and Infrastructure Limited (HDIL), a leading developer recently sold a 15.5-acre at a loss of around Rs. 42 crores. This plot was bought from B M Khaitan group for Rs 115 crore and was sold with a deal of Rs. 29 crore less than purchased amount. This land dealing has surprised all the [...] Continue Reading »
Maharashtra Chamber of Housing Industry (MCHI) has disagreed seeking no-objection certificates from the state government. MCHI- a body of real estate developers are hoping to seek relief from Urban Land Ceiling Act restrictions. Now that the act has been repealed, the state government has sought legal opinion as per developers request to seek exemptions from [...] Continue Reading »
The present real estate market scenario has been judged to be recording the lowest level in housing turnover when compared to past 40 years. A property analyst say that, year 2011 has till now witnessed around 840,000 sales in housing sectors which is recorded as a major drop down by 50 percent. According to the [...] Continue Reading »
Delhi developers claim real estate bill as ‘Public Amusement and Developer Harassment Bill’. Confederation of Real Estate Developers’ Association of India (CREDAI) voiced out saying, that even their committee members are not contended with the norms ensured in the real estate bill 2011. As the law is focused on real estate builders, Ministry of Housing and [...] Continue Reading »
Mumbai government is shocked and worried to see a major slump of real estate for the fiscal year 2011. The overall revenue target for the current fiscal account has been reporting a major drop down. The eastern suburbs have traced a major drop in the real estate transactions. Rising property rates, inflationary pressures and constant [...] Continue Reading »
Goa is witnessing soaring property rates only because of the property purchased by the non-residents being left vacant for years together in areas like Panaji. Chief Minister Digambar Kamat reported saying on this issue that, the middle-class people surviving in the state are failing to afford in buying houses or apartments for own. The fact [...] Continue Reading »
Indian real estate has been witnessing investment from various private equity firms all across the globe. Similarly AIG Global Real Estate, a New York-based Private Equity firm (PE) had invested around 200 million dollar that will come upto Rs.1,000 crores comprising of five different construction projects in India. Previous year AIG Global Real Estate had [...] Continue Reading »
Apartment environment becomes chaotic with limited parking spaces in them. Same scenario has occurred at studio apartment in Khar, Mumbai city wherein the resident Artem Kumar, reports saying that from past six months he has been rented in a studio apartment and since then he claims to be fighting with the managing committee and also [...] Continue Reading »
Real Estate developers will have to be extra careful now while selling a property with the implementations of the new ordinances by the Real Estate Authority. Real Estate Authority has proposed that if a property is sold without registering than the seller may land up being incarcerated or have to pay a hefty fine. The [...] Continue Reading »
Purchasing a second home is hundred times better idea than investing on a new property says real estate experts. This is said to work better when it is in consideration of urban family. The main agenda behind this is that, the property tax will be less compared to the newly built house. Its definitely a [...] Continue Reading »
