According to a report by property research firm Liases Foras, during the quarter to December 2015, sale of homes across the top eight cities of India improved by 7% year-on-year. Sales increased by 15% on a quarter on-quarter basis on the back of sluggish pricing and discounts by builders during the same period. As per […]
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February 12, 2016 6:00 pm
Sale of home spaces increase by 7% in December quarter across top eight cities
February 12, 2016 10:00 am
Important Documents to be checked before purchase of a property
Following are a list of crucial documents that one needs to check before buying a property: (i) Authorities’ approval on Land titles and for construction permits One should ensure that the land is owned by the builder. Find out if the conveyance of the property […]
February 11, 2016 6:00 pm
Supertech Ltd. To compensate NRI for denying possession of flat
According to a complaint filed with the apex consumer commission by south Delhi residents Reshma Bhagat and her son Tarun Bhagat, they had made a payment of Rs 63, 99,727 to Supertech Ltd in 2008 for a luxurious flat in Greater Noida and the flat’s possession was to be given by December, 2009 which the […]
February 11, 2016 10:00 am
Mahesh Babu purchases land for farmhouse
After Mega family Chiranjeevi and Pawan Kalyan who own huge farm houses in the outskirts of the city, Mahesh babu is all set to follow suit. While the former superstars use their properties as a family holiday getaway and visit there during festivals, Mahesh Babu also seems to have similar plans. According to sources, Mahesh […]
February 10, 2016 6:00 pm
Rs.400 crore to be invested in Goa by Tata Housing over a period of 3 years
With an aim to develop a mid-income housing project in Goa, Tata Housing will be investing about Rs.400 crore over the next three years. The project is the second housing project in Goa undertaken by the Tata Group firm after developing the luxury project comprising 65 villas about 7-8 years ago. Under the project, the […]
February 10, 2016 10:00 am
Palace in the sky – Dubai’s answer to Antilia
Although Mukesh Ambani’s modest dwelling in the heart of Mumbai’s most expensive locality is worth more than $1 billion, the penthouse atop a 25-storey tower in the hyper exclusive residential development in Dubai’s Palm Jumeirah is a clear winner in terms of stacked designs and the views it offers. While Antilia enjoys the honour of […]
February 9, 2016 6:00 pm
Property owners in Surat proposed to be insured by the Municipal corp.
The Municipal Corporation of Surat (SMc) has proposed a Citizens Security Insurance Scheme (CSIS) which is a first in Gujarat. In his draft budget for the year 2016-17, Municipal commissioner of the city Milind Torwane has recommended that CSIS will be started for all property holders aged between 18 and 70. As per the scheme, […]
February 8, 2016 6:00 pm
Mumbai Metropolitan Region- Preferred property market for investors
Despite being the most expensive property market in the country, Mumbai Metropolitan Region continues to be the prime market for attracting investor interest. Structured equity or debt was the preferred route of investment as the city received the major portion of private equity investments in the past year. Out of the total Rs 19,500 crore, […]
February 8, 2016 10:30 am
Investment learnings of 2015
2015 will not be remembered for the gloom it brought to the residential real estate sector but for forging a solid base for sustained future growth. Few of the notable highlights of the year gone by are as follows: FDI rule relaxation will facilitate the flow of more investment in the country with the removal […]
February 7, 2016 10:00 am
Bungalows – an ideal investment option
With beautifully crafted and lavishly furnished interiors, bungalows have been symbolizing a grand lifestyle since times immemorial. They usually comprise a single floor and cover a larger space on ground. Thanks to Hindi films, bungalows are perceived as a more attractive alternative for one’s dream home than a simple apartment in a building. In India, […]