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real estate news Archive

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 […]

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 […]

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 […]

BKC- like complex for Dombivli soon

With a view to develop an alternative to Bandra Kurla complex in the eastern part of Mumbai Metropolitan region, the Mumbai Metropolitan Regional Development Authority (MMRDA) had planned another ‘Bandra-Kurla Complex-like Business Growth Centre (BGC)’ for Dombivli. The proposal is lying with the state government. Once the proposal is accepted, the project will take off. […]

New property tax system of BMC, is gain for Chembur and Andheri

Now residents of Chembur and Andheri East can look forward because of revised property tax system of the BMC (Brihanmumbai Municipal Corporation). Some other localities in Mumbai such as; Goregaon East, Malad West, Andheri West and Kandivali East are in the other areas, which are getting benefit because of revised property tax system. Availability of […]

RBI concerned over exposure of banks to infra and realty sectors

Reserve Bank of India has expressed concern over high exposure of banks to infrastructure and real estate sectors. RBI Deputy Governor R Gandhi cautioned lenders saying they “cannot put all eggs into one basket”. As an alternative, the deputy governor suggested looking at corporate bonds market, which is being encouraged by both the central bank […]

Realty buyers prefer serene locales

A study of Ghodbunder residential property boom By the hillside, Ghodbunder road was once a forest land. A few years ago, the view was breathtaking as the rainwater stream passes through the hills, charming many nature lovers. A closer view of the hill, less traffic movement, and tranquility drew many residents to Ghodbunder road area. […]

When housing society considered Prakash Jha a threat!

That resident housing society spares none when it comes to convenience and security is well known. But the film makers who feel that they can get away with their maverick behavior might learn a lesson the way famed film director Prakash Jha did. Prakash Jha was asked to keep all his business to the confines […]

Real estate boom in all the areas of Mumbai

According to all the real estate news published and telecasted, real estate in Mumbai has shown a considerable improvement but many of the market experts are considering this developing the in real estate as a bubble phase. With the increasing use of online real estate portals, customers are able to get all the real estate […]

Property frauds worth Rs 1600 crore in Maharashtra!

Do you know property frauds worth Rs 1600 crore are reported in Maharashtra? As per National Crime Records Bureau (NCRB), Maharashtra comes second in terms of realty fraud in the country. Delhi of course tops the list of property fraud cases. In Delhi, as per the around 181 cases of loss of property were reported […]