A turn on mega projects worth Rs. 4 lakh crore are for developing smart cities and towns to provide “Housing for All” for next seven years besides all the proposed amendments in real estate rules which was marked for the year 2015 in the urban development sector. The central government has also approved many amendments […]
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December 17, 2015 10:30 am
In current drive, 26 FIRs filed against unscrupulous real estate developers in Mumbai
MIDC have been lodged Twenty three FIRs at the Rabale MIDC police station errant real estate developers, who have used the government land to cheat poor or low income group buyers in Digha, whereas; another three FIRs were lodged against illegal buildings in Digha and case was filed by Brajesh Mishra, a social activist, under […]
December 16, 2015 10:00 am
Property near Yamuna expressway could become costlier
From New Year, onwards it could become costlier to buy property near the Yamuna expressway as commercial property rates have been raised by 20 percent whereas; the allotment rates of residential and housing properties have been hiked by more than 10 percent and institutional and industrial property rates have been hiked by 5 percent. On […]
December 15, 2015 6:00 pm
Investment in real estate is about to touch seven years high with Rs 53,000 cr
At the end of 2015, the investment into real estate sector is ready to close with $ 8 billion or Rs 53,000 crore and it highest among last seven years. However; most of the money has come from borrowings as well as private equity (PE) route through NCD (non-convertible debentures). While looking to size of […]
December 15, 2015 10:00 am
Due to boom in India’s online shopping market, now Global investors are showing interest in Indian Warehouses
Now the overseas firms such as; APG, a Dutch Pension Fund Manager and Warburg Pincus, a US Buyout Group are looking for an opportunity to invest in the Indian warehouses with a hope to cash the demand for efficient and modern storage space as in past few years Indian has recorded great book in online […]
December 15, 2015 10:00 am
Indian real estate – the irony of demand & supply
With more than 6, 00,000 units of inventory in India’s top cities, the situation is alarming. One in three houses constructed is unsold, despite builders, agents, online broking houses and now even e-commerce websites trying to allure consumers with lucrative schemes and offers. Urbanization as a trend has just touched the tip of the iceberg […]
December 14, 2015 10:00 am
Smart City race – Navi Mumbai may be knocked out
In a major shock to the city, NCP, the ruling party in Navi Mumbai Municipal Corporation (NMMC) has voted against Navi Mumbai being considered for the SmartCity project. The NCP corporators in the general body meeting on Tuesday refused to support the administration’s proposal for SmartCity. The Corporators said that they are contesting the move […]
December 13, 2015 10:00 am
The National Green Tribunal stay on new construction activity near Sanjay Gandhi Park
Recently, the NGT (National Green Tribunal) has imposed stay on the permissions of all new building construction which comes in the vicinity of the Sanjay Gandhi National Park and it is expected that this move can leave negative impact on the several proposed real estate projects which are in the western and eastern suburbs of […]
December 12, 2015 10:00 am
To buy or rent house Mumbai and Delhi/NCR are among costliest city, whereas; Ahmedabad and Hyderabad are among the cheapest city: Report
In past few years, Pune and Mumbai have seen aggressive growth in term of property prices since year 2012 by 49.97 percent and 73.91 percent respectively, whereas; the second most pricey real estate market was Delhi/NCR as it was observed that in Delhi/NCR the marginal price rise was 9.13 percent since year 2014. According to […]
December 11, 2015 6:00 pm
Need of Time-Bound Infrastructure Development for the Growth of Real Estate Market in MMR and Mumbai, Niranjan Hiranandani
According to Niranjan Hiranandani, MD of Hiranandani Communities and Founder-First President of NAREDCO (National Real Estate Development Council) Maharashtra that works under the aegis of Ministry of Housing & Urban Poverty Alleviation, Government of India, stated that Infrastructure projects and their timely completion are responsible for the success and growth of Mumbai Metropolitan Regions and […]