Tata Housing launches affordable initiative ‘New Haven’

Published: September 30, 2009

Tata Housing Development Company announced the launch of ‘New Haven’, an initiative in the affordable housing segment.
New Haven’s’ flagship project will be launched at Boisar in Mumbai and will offer 1,300 apartments, including 2 BHK and 3 BHK homes, starting at Rs 12.73 lakh with a minimum size of 670 square feet, a press [...]

Posted under News

DDA to get Rs 500cr more for Commonwealth Games

Published: September 30, 2009

In a bid to expedite Commonwealth Games projects, government is likely to provide an additional amount of about Rs 500 crore to the Delhi Development Authority.
The Expenditure Finance Committee (EFC) has approved the proposal to provide the additional fund of Rs 497 crore to DDA for completion of Commonwealth Games infrastructure in the capital, a [...]

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Best Locations in Bangalore to buy Commercial Property

Published: September 29, 2009

Bangalore is also counted amongst the country’s outsourcing hub along with Mumbai and Delhi. It is the third choice of HNIs, after Delhi and Mumbai. The presence of so many IT and ITES companies also support this fact. The boom in the IT sector caused many companies to have set up their offices in Bangalore. [...]

Posted under Buying Property, Indian Real Estate, Property Rates

Omaxe may raise prices; to launch new projects

Published: September 29, 2009

Real estate developer Omaxe Ltd may raise prices this fiscal year and plans to launch four new projects over the next two months on rising demand, its chairman said on Tuesday.
“Demand might be robust…I will increase prices very soon, in single digits (percentage) within this year,” Rohtas Goel told reporters at an industry conference.
The firm [...]

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Housing Sector May Witness Fall in Prices: Knight Frank India

Published: September 26, 2009

Global property consultancy firm, Knight Frank India, on Thursday said prices in the residential property segment are likely to decline in a short time. “We feel prices of residential segment may go down over a period of time,” Knight Frank India Chairman Pranay Vakil told reporters here today. The residential segment may see a robust [...]

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HUL Puts Residential Properties for Sale in Mumbai and Gurgaon

Published: September 24, 2009

FMCG major Hindustan Unilever (HUL) has put up a total of seven residential properties for sale in Mumbai and Gurgaon, which could fetch around Rs 35 crore. The company has made public announcement that it is selling five residential properties in Mumbai’s prime locations of Cuff Parade and Vile Parle, which includes four two-bedroom and [...]

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Best Locations in Bangalore to Buy Residential Property

Published: September 23, 2009

Bangalore is now a much preferred destination not only by global IT firms but also by a number of home buyers. The pleasant weather, global lifestyle trends and improving connectivity infrastructure has made the city a heaven for new homeowners, spinning off a fresh demand for property. The city is feeding a number of builders [...]

Posted under Buying Property, Indian Real Estate, Property Rates

DLF’s New Project: DLF Riverside,Kochi

Published: September 23, 2009

Idyllically located on the extensive 175 meter waterfront of the Chilavannoor River, ‘DLF Riverside’ , a residential condominium sprawled over 5 acres, almost floats on the backwaters.
Developed by DLF, pioneers in building India’s finest townships & infrastructure, DLF Riverside, is in a well developed and much sought after locality in Kochi.
This premium condominium is situated [...]

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Best Locations in Delhi to buy Office Space

Published: September 22, 2009

In view of the edge that Delhi offers over many other metros, like better connectivity, infrastructure and easier availability of professional work, every company wants to have an office space in Delhi. There has also been an increase in the demand for office space for rent in Delhi as well. This is also evident from [...]

Posted under Buying Property, Indian Real Estate, Property Rates

Banks Attempt to Make the Best of Festive Season by Lending More for Home Purchase

Published: September 22, 2009

State Bank of India, Deutsche Postbank, ING Vysya Bank and Punjab & Sind Bank are attempting to light up the festival season by lending more for home purchases than they did six months back, thanks to availability of funds and rising trust in the borrower. But individuals are still not buying as high home prices [...]

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Best Locations in Delhi to Buy Residential Properties

Published: September 18, 2009

Delhi has always been a lucrative real estate destination for real estate developers, investors and professionals. Not only, as a real estate market by many investors and developers, but the place is also in demand by buyers. It witnesses people coming from different parts of the country and getting settled here. Even the recent economic [...]

Posted under Buying Property, Indian Real Estate, Property Rates

Sherwoods Independent Property Consultants

Published: September 16, 2009

We at Sherwoods endeavour to give our clients the best independent advice, aiming to ensure that you will benefit from our extensive knowledge and expertise. We pride ourselves on our professional attitude and attention to detail; attributes which have earned us the trust and loyalty of our clients.
Great Reasons to choose Sherwoods:
The People
We take great care in [...]

Posted under Indian Real Estate

City Corp launches second-hand flats biz in Pune

Published: September 16, 2009

Real estate developer City Corporation has entered second-hand apartments business through an apartment exchange scheme meant for its future customers who would exchange their present house with an apartment in the firm’s Amanora Park Town project in Pune. City Corporation would buy old apartments from customers, renovate them and sell-off through an established network of [...]

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Omaxe to develop 2700 acres Hi-Tech Township in Lucknow

Published: September 15, 2009

Omaxe Ltd., one of the leading real estate players of the country, will develop a Hi-tech township spread over approx. 2700 acres in the heart of Uttar Pradesh in Lucknow. Garv Buildtech Private Ltd, a subsidiary of Omaxe, has entered into a Memorandum of Understanding to develop the said Hi-tech township in Lucknow Development Authority.
The [...]

Posted under New Realty Projects, News

Hi-tech township to be served up in Delhi

Published: September 14, 2009

The Indian development giant Omaxe is set to create a “hi-tech township” in Bulandshahr, in the Greater Noida region near New Delhi.
Omaxe subsidiary Rivaj Infratech has signed an MoU with Bulandshahr Development Authority to develop the 3,600-acre site over a period of five to seven years.
“The township at Bulandshahr will be a good alternative to [...]

Posted under New Realty Projects, News

DLF New Project: Capital Greens, Shivaji Marg, New Delhi

Published: September 14, 2009

A great opportunity to own a lifestyle apartment in the heart of New Delhi and that too from one of the leading developers of real estate in the NCR. For the first time in New Delhi, one can look forward to owning Gurgaon Style Community Lifestyle which was envied by the Delhites for so many [...]

Posted under New Realty Projects, News

Ansal Properties to invest over Rs 35,000 cr on 19 townships

Published: September 14, 2009

Claiming that it was the biggest township developer in the country, even ahead of rival DLF and Unitech, realty firm Ansal Properties
& Infrastructure said on Sunday that it will invest up to Rs 35,000 crore over the next 10 years to develop 19 township projects.
“We are the largest township developer. We are currently developing 19 [...]

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‘Sahara City Homes’ in Coimbatore

Published: September 14, 2009

Sahara Prime City Limited, the real estate company of Sahara India Pariwar launched its flagship brand of township - ‘Sahara City Homes’ in Coimbatore. The project is a part of Sahara City Homes, a chain of townships proposed to be developed in 217 cities across the country. Sahara City Homes, Coimbatore is the second project [...]

Posted under New Realty Projects, News

Home loans up to Rs 10 lakh get 1% interest rate subsidy

Published: September 11, 2009

Affordable housing, especially in non-metros, could get a much-needed boost with the Government on Thursday approving the one per cent interest subvention scheme for housing loans up to Rs 10 lakh. The Centre has allocated Rs 1,000 crore for the scheme.
Under the new scheme approved by the Cabinet, the interest subsidy will be made available [...]

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Home Loan Interest Rates Reference Chart

Published: September 11, 2009

With so many options for home loans available in the market, choosing the right one seems a cumbersome job. You can use this list wherein we have gathered the data from different banks and consolidated them all at one place for your quick reference.

Bank Name
Floating Interest rate
Processing Fee
Prepayment Charges

Allahabad Bank
10.00%
0.50% of loan amount, Maximum Rs. [...]

Posted under Buying Property

Real Estate Regulation Bill: Boon for the buyers

Published: September 11, 2009

Perfidious builders can no longer conceal the real floor area of apartments they are selling to the buyers by juggling them between carpet area and super area. Government is working on a new Real Estate Regulation Bill that will set guidelines for builders and real estate developers. Mulling suitable amendments to the existing Rental Control [...]

Posted under Laws & Regulations

South Delhi shop fetches world’s highest rent

Published: September 10, 2009

In the midst of the recession gloom, here are some realty bites to cheer things up. A 133 square feet shop on Safdarjang Road has been
auctioned for a rental of a whopping Rs 12,09,000 per month, according to New Delhi Municipal Council’s spokesperson, Anand Tiwari. The figure works out to Rs 9,022 per square feet [...]

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No Fresh Supply of Mall Space for South India between January and March

Published: September 8, 2009

The three major cities in south India — Chennai, Hyderabad and Bangalore —did not witness fresh supply of mall space between January and March this year, according to Cushman & Wakefield. However, these cities would see supply of 4.35 million sq ft by the year end, the real estate services firm said in its report [...]

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Indiabulls launches High-End Residential Project in South Mumbai

Published: September 8, 2009

Close on the heels of launching Indiabulls Sky, its high-end residences project in South Mumbai, Indiabulls Real Estate Ltd has now announced the launch of a mini-township, Indiabulls Greens, just 5 kilometers from Panvel station. Spread across a serene 25 acres in close proximity to the Mumbai-Pune highway, the project offers a good alternative for [...]

Posted under New Realty Projects, News

Real estate revival story being scripted by investors: Analysts

Published: September 8, 2009

The real estate revival story is being driven by the residential segment, but contrary to the claims made by a number of developers that end-users are their main buyers, the current trend is being driven by investors. “These are investors who are taking an opportunistic view of the situation where prices have corrected considerably in [...]

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Small Cities Getting More Attention

Published: September 8, 2009

The ever rising property prices have created the need to look for newer realty destinations  and most of the people these days are showing interest for small cities. The upcoming land of dreams for buyers as well as developers is Neharpar in Faridabad. It is emerging as the new realty investment destination. It is supposed [...]

Posted under Indian Real Estate

Office property leads signs of recovery in the commerical real estate sector in india

Published: September 8, 2009

The office property market in key business districts in India is experiencing an increase in confidence with banks and financial services companies buying but the IT and ITeS sectors are yet to enter the growth spree as they are still depressed by the global economic downturn, according to analysts.
Delhi and Mumbai are seeing the most [...]

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Real Estate Prices to Remain Stable This Festive Season

Published: September 7, 2009

Property prices are unlikely to rise sharply during the festive season as buyers have become very price sensitive and are not ready to pay premium on flats. Talking to Hindustan Times, Anuj Puri, chairman and country head, Jones Lang LaSalle Meghraj (JLLM) said, “Developers have realised that they can no longer increase the prices at [...]

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Is the worst over for the real estate sector?

Published: September 7, 2009

New Delhi / Bangalore: Nitesh Shetty, a developer of high-end properties in Bangalore, has no qualms over dropping the premium tag—and prices—in some of his projects as demand for affordable housing picks up pace in India.
“Demand lies here and we need (to) adapt accordingly,” said Shetty, founder and managing director of unlisted realty company Nitesh [...]

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Developers Target Industrial Areas of Tier 2 & 3 Cities

Published: September 4, 2009

The demand fundamentals of India are now focused around cities that have sufficient economic activity, be it industrial, service sector-driven or incentive-driven programs by the State Government. In Gujarat, which has seen considerable industrial progress, cities of Ahmedabad, Surat and Vadodara come readily to mind.
Baddi in Himachal Pradesh and Pantnagar and Rudrapur in Uttaranchal attracted [...]

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Changes in Indian Real Estate Affairs

Published: September 3, 2009

Real estate in India has always been the playing field for entrepreneurs. This industry has witnessed unprecedented highs and frightening lows over the years. One is often left dyspnoeic with the continuous shifts in this sector. Due to rise in demand in the IT/ITeS sector and significant increase in FDI, the commercial and retail real [...]

Posted under News