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Residential units

Gujarat has 24 lakh unoccupied houses

Gujarat has 24 lakh unoccupied houses
About 15% of total houses in Gujarat are empty. Leading the pack of cities, properties in Ahmedabad and Surat has maximum number of vacant houses. A large number of these units belong to investors, who buy houses and exit after booking profits. Usually, about 7% houses remain vacant in Indian cities. In Ahmedabad, a large [...] Continue Reading »

No irregularities in housing projects: Claimed by KMDA

No irregularities in housing projects: Claimed by KMDA
The Kolkata Metropolitan Development Authority (KMDA) has denied about any irregularities in providing completion certificates to the residential units in Kolkata developed at the Kolkata West International City (KWIC) project. KWIC has constructed an Rs 6,000-crore satellite township on 390 acres of prime land at Salap on NH-6. According to the development proposal 800 row [...] Continue Reading »

NCR is largest residential property market in India

NCR is largest residential property market in India
According to real estate analysts more than five lakh apartments are under construction in the NCR. NCR is reported as the largest residential property market in India. The analysts also reported that the launching of new properties in NCR happened during the global economic slowdown period. Almost 50% of the 5 lakh residential units will [...] Continue Reading »

Ashiana housing to launch residential project

Ashiana housing to launch residential project
A Delhi based Ashiana Homes will soon be launching large housing complex at Patia near Bhubaneswar. The Ashiana Homes in collaboration with SJ Developers of Bhubaneswar is all set and ready to launch first of its kind residential project in Bhubaneswar. The housing project comes with best of best amenities wherein maximum of the apartments [...] Continue Reading »

List of unsold flats grows for Mumbai!

List of unsold flats grows for Mumbai!
Mumbai saw a dip in residential projects being launched this year due the long lasting effect of the slump in realty market. As per a report by property consultants Knight Frank, as planned out of 54,968 units, only 19,470 residential units were launched in Mumbai in 2011. The upside down projection in realty market is [...] Continue Reading »

Residential units in hands of Sahara Prime City Limited

Residential units in hands of Sahara Prime City Limited
The real estate wing of Sahara India Pariwar, Sahara Prime City Limited has taken over possession of all the residential units. At the township Lucknow the residential handing over possessions has already commenced.  Till now 208 residential units have already acquired the possession and other 358 units will be completed by end of March 2012. Continue Reading »

Heavy Penalty by CCI likely to have Serious Ramifications on the Real Estate Industry

Heavy Penalty by CCI likely to have Serious Ramifications on the Real Estate Industry
The Competition Commission of India (CCI) in its order observed that DLF, which has market dominance, had abused its powers, building Belaire without getting no-objection certificates (NOCs) or seeking clearance from the state for changes that were made to its original plans. The director general, who conducted a thorough probe of allegations, had found that [...] Continue Reading »



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