Bandra-Worli Sea Link Expected to Boost Real Estate Prices by 10-15 per cent in Surrounding Areas

Published: August 28, 2009

It’s a classic case of infrastructural development boosting real estate prices. The Bandra-Worli Sea Link seems to be doing more than just easing the traffic flow from north and south Mumbai. Experts in the country’s financial capital say that there could be an increase of 10-15 per cent in property rates in surrounding areas. “The [...]

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Supreme Court Blames Influential People for Illegal Real Estate Construction

Published: August 27, 2009

The Supreme Court today came down heavily on economically affluent people, bureaucrary and civic body officials for mushrooming illegal real estate construction in the country and ruled file notings by ministers or officials do not have any legal validity. “Economically affluent people and those having support of the political and executive apparatus of the state [...]

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Commercial real estate rentals seem to be bottoming out

Published: August 26, 2009

Mumbai commercial rental continues to be the second costliest in Asia Pacific. With rent of about USD 800 per sq metre per annum, Mumbai is ahead of the likes of Tokyo (USD 750 per sq metre p.a.) and Singapore (USD 625 per sq metre p.a.) as per the latest report of real estate consultancy [...]

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Bangalore Based Developer Plans Alliance with Mexican Housing Company

Published: August 25, 2009

Realty major Puravankara Projects is in talks for an alliance with Homex, a Mexican company that specialises in affordable housing. The idea is to give a boost to its affordable housing subsidiary Provident Housing. Ashish Puravankara, director, Puravankara Projects, said, “We are holding discussions with Homex as they have build a large number of affordable [...]

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Realty: Retail segment not a lucrative avenue

Published: August 24, 2009

When the going was good in the real estate sector a few years back, retail was seen as a lucrative avenue to park one’s funds. But given that the current scenario creates scepticism on the return on investment, is retail still seen as a profitable option?
Take the case of businessman Manoj Shah who had invested [...]

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Property demand revives

Published: August 21, 2009

In a providential turn of events, the global economic slowdown has provided end users a unique opportunity to buy their long cherished ’sweet homes’ as prices in many pockets in the National Capital Region have fallen steeply. In particular, apartments in the new launches are now available in some markets at almost 50% of the [...]

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Master plan gives new life to Gurgaon

Published: August 21, 2009

Gurgaon has emerged as one of the most modern cities of India, with state-ofthe-art commercial buildings, posh residential condominiums and large malls. It has emerged as the first choice for a large number of multinational companies opening their offices in the country. The township has benefited hugely from its proximity to India’s capital and power [...]

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India’s biggest land deals

Published: August 20, 2009

DLF, India’s largest real estate developer, has emerged as the sole bidder for the 350.71-acre land parcel in Gurgaon put up for auction by HSIIDC. With a reserve price of Rs 1,700 crore, it’s said to be one of the largest land deals in India in terms of value.
Mega land deals, however, are not new [...]

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Latest new projects in Delhi NCR

Published: August 14, 2009

Latest new projects in Delhi NCR worth investing in. Jaypee Aman, Kosmos, Unitech uni homes, Lotus Boulevard etc.

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Realty firms may get Rs12,000 crore push

Published: August 11, 2009

New Delhi: Real estate firms and construction companies will see an increase in business with the country’s home ministry looking to build—at a cost of Rs12,000 crore—100,000 houses for people who serve in paramilitary forces such as the Central Reserve Police Force (CRPF) and Border Security Force.
These houses will be built over the next four [...]

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Project Delays Mainly Caused by Diversion of Funds by Major Developers

Published: August 10, 2009

The prime reason behind project delays in Delhi-NCR has been the diversion of funds by all the major developers. During the boom time, they had over-booked their projects and then failed to deliver their commitments. In fact, the immediate impact of the global slowdown on the Indian residential real estate market was most visible during [...]

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1% loan subsidy to boost affordable housing in Tier II & III cities

Published: August 10, 2009

Govt has offered 1% subsidy on loans up to Rs 10 lakh & doled out tax sops for developers. But this will mainly boost affordable housing projects in Tier II & III cities. Metros will be missing from the list.
At a time when low cost is the clearly the buzzword in the real estate sector, [...]

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Realty sector begins to look up, ahead: boom by Diwali?

Published: August 6, 2009

New Delhi Bogged down by the economic slowdown, the real estate sector is going all out to woo would-be buyers. Builders and realtors from across the country, thus, went all out to promote their upcoming projects at the three-day Property Expo, which concluded at Pragati Maidan on Monday.
In an attempt to get some of their [...]

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Realtors may not gain from tax benefit extension

Published: August 6, 2009

The government’s decision to extend the time limit for claiming tax exemption on profit earned from projects may not give the desired benefits to real estate developers. Instead of giving benefits to ongoing projects, the government chose to extend a tax waiver to ‘affordable’ housing projects that were approved till March 31, 2008.
“A change in [...]

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