Now at least there is little cheer for real estate developers because of just concluded festival season, and all credit goes to the lukewarm response of end users and investors. Apart from better property price now key markets such as; Delhi, NCR and Mumbai are witnessing positive response from buyers. This festive season, which was […]
November 21, 2015 10:00 am
Irrfan Khan had purchased a flat in suburban Mumbai about six months ago and has allegedly failed to pay the broker his earnings on the transaction – a handsome Rs 8 lakh! According to a source with masala.com, the poor broker is suffering with cancer and is finding it difficult to make ends meet, but […]
November 20, 2015 6:00 pm
Air India is surviving on a bailout package approved by the government in 2012. As part of its turnaround plans to reduce a debt burden of 40,000 crore, the grieving PSU plans to sell real estate assets worth Rs 5,000 crore to generate funds. Executing on the plans, AI has decided to sell four residential […]
November 20, 2015 10:30 am
Actor Rishi Kapoor and son Ranbir Kapoor have bought an apartment each, spread over 6,100 sq ft in the Trump Towers located in Kalyani Nagar area of Pune for Rs 13 crore a piece which works out to a little over Rs. 21,000 per sq ft. The Trump branded project, being developed by Pune-based Panchshil […]
November 19, 2015 6:00 pm
Lodha Group, the Mumbai based developer, has announced a new umbrella brand, The Luxury Collection, to house its most lavish residential projects globally! “Our new baby aims to be the supreme, first-of-its-kind, international end-to-end luxury portfolio which will set new standards for the world’s finest real estate. It will be the most sought after developments […]
November 19, 2015 6:00 pm
Now, Aadhaar-based e-registration of property transactions will help people file documents at their convenience, do away with the obligation of visiting government offices and being fleeced by agents and lawyers charging hefty fees. The department of registration and stamps plans to include more documents like allotment letters issued by the MHADA Mumbai board and mortgages […]
November 19, 2015 10:00 am
The central government’s decision to ease the Foreign Direct Investment (FDI) norms will certainly bring in much-needed capital in the cash-crunched domestic real estate sector, but according to experts, it will further fuel the soaring prices. Property experts say the capital raised from FDI is not cheap. It comes with an interest rate of 20-25 […]
November 18, 2015 6:00 pm
The Maharashtra Housing and Development Authority (MHADA) has allocated land parcels spread over 1,100 acres across the Mumbai Metropolitan Region for developing affordable housing projects. Mumbai Metropolitan Region comprises cities of Mumbai, Thane and Navi Mumbai. The identified land parcels are in Thane, Raigad and the newly formed district of Palghar including Vasai and Virar. […]
November 18, 2015 10:00 am
The Housing Ministry has commissioned a study on testing new construction methods in the country with a purpose of promoting new technologies in housing. The Ministry has therefore, approved a proposal in this regard made by the Indian Institute of Technology, Kanpur and will support this study with a financial aid of Rs 31.34 lakh. […]
November 17, 2015 6:00 pm
The plots along the Yamuna express way in sectors 18 and 20 had gone up for sale in 2009 but their allotment was stalled as farmers demanded higher compensation for their acquired lands. About 21,000 allottees that had purchased plots priced at Rs 4,750 per sqm, ranging from 300 sq m to 4,000 sq m […]