Two years back in March 2012, Mumbai’s realty circles were abuzz with news of Tata Housing, Tata Group’s realty company bagging the US Consulate’s Lincoln House property in South Mumbai for a cool Rs 850 crore. Almost three years on, a stroll past it reveals no sign of the Tata involvement, just a sole security […]
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November 3, 2014 4:11 am
BJP govt to undertake projects worth over Rs 37000 crore
The new BJP government in the state is likely to stoke a fresh lease of life in infrastructure projects worth Rs 37,118 crore across sectors such as highways, ports and shipping and Special Economic Zones (SEZs). The state will witness major infrastructure projects are getting a push wit the party ruling at the centre too. […]
November 1, 2014 12:30 am
Dubai emerges from shadows of recession to attract NRI investors in hordes
More and more Indians seem to be upbeat about the real estate sector in Dubai. Though it passed through recession period for some time, it has bounced back from the financial crisis to become one of the fastest growing cities under the sun. Quoting a study, media in the United Arab Emirates (UAE) reported last […]
October 31, 2014 12:30 am
Great scope for housing prices to come down
There is enough scope for housing prices to come down from the current highs because there is a huge pile-up of inventory, Reserve Bank of India Deputy Governor SS Mundra said on Wednesday. Of the total housing shortage of 18.78 million in urban India, the shortage in the economically weaker sections and lower income group […]
October 30, 2014 1:18 am
New government committed to affordable housing dream: Fadnavis
The first BJP government of Maharashtra is committed to providing roof over every head and accelerating housing industry in Maharashtra to realize the vision of housing for all by 2020, said Maharashtra CM-designate Devendra Fadnavis. Q: What steps should government take to convert the vision of housing for all by 2020 to reality and to […]
October 30, 2014 12:30 am
RBI tells banks to bring innovation into home loans
The Reserve Bank of India (RBI) has called upon banks to bring in more financial innovation into home loan products by linking such loans to deposits. According to R Gandhi, Deputy Governor, RBI, “Savings can be induced to generate savings balance by way of monthly or periodic deposits. This will serve as a track record […]
October 29, 2014 12:45 am
Mumbai to witness greater demand for dwelling units by 2018
Demand for housing in Mumbai is going to outstrip supply in next four years. The commercial capital of the country is going to witness an extra demand of around 231,000 housing units across all segments by 2018-end while the supply is likely to be around 203,000 units. Of the total demand, majority (46%) is likely […]
October 28, 2014 6:57 am
Investors say cheers to infrastructure development
Real estate market along the stretch from Thane to the Central Business District of Belapur is on the boil. Price appreciation is the order of the day and hence those who had prudence to invest in the nick of time have every reason to cheer. Development of physical infrastructure in Ghodbunder Road, Kolshet Road, Airoli, […]
October 27, 2014 12:57 am
India needs to build 30K units daily for 8 years to meet housing needs: KPMG report
India will require to build at least 30000 to 35000 dwelling units daily for 8 years to meet the housing needs of the country, says the National Real Estate Development Council (NAREDCO) report. A majority of these houses need to be in the affordable segment requiring investment of more than US$2 trillion since a fifth […]
October 25, 2014 4:25 am
Which is better buying or renting a property?
Do you want to buy it because you want to live in it with your family or do you look for an extra income that the house will bring in the form of rent? Or, are you simply buying it for long-term value leverage? When should you buy a property? Often we are confused about […]