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
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
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
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
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
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
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
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 […]
December 11, 2015 10:00 am
This week, the Central Government is seems to intend the passage of Real Estate Bill in parliament, and the Cabinet is likely to approve the previous few changes that have been made after the recommendations of the select committee. According to sources, the housing ministry has incorporated approx. all the amendments which were recommended by […]
December 10, 2015 6:00 pm
The real estate division of Godrej Group had launched The Trees, its flagship project in the Vikroli suburb of Mumbai about two weeks ago. Out of the 374 flats in the offing, 300 have already been sold in the first week of its launch, the company said in a statement. Besides a residential complex, The […]