Real Estate Market Back to Pre-crisis Peak in 2010

Published: December 31, 2010

A fast-growing economy fired up the real estate market after almost a year-and-a-half of property gloom, with prices touching the pre-crisis peak and companies announcing structures that will pierce the sky.
The property party would have been perfect had it not been for the service tax slapped on under-construction buildings and as expected, the burden was [...]

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Mumbai Realtors Likely to Cut Prices

Published: December 29, 2010

Mumbai developers may cut record- high home prices to revive flagging sales after banks curbed credit to the sector, according to IIFL.
Registrations for home sales, leases and property transfers fell 15% this quarter from the three months ended September 30, the brokerage said in a note yesterday. “Selective price cuts” are expected in the quarter [...]

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DDA Scheme Brings Home Prices Down

Published: December 24, 2010

DDA housing scheme is has come a boon for aspiring home buyers as it has forced even small developers in the National Capital Region (NCR) to dole out hefty discounts and freebies like cars, LCD TVs and international holiday packages to woo buyers.
The DDA housing scheme 2010 has a total of 18,235 flats on offer, [...]

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Housing prices in Mumbai, Delhi matching 2008 level: JLL

Published: December 20, 2010

Global property consultant Jones Lang LaSalle on Sunday cautioned that housing prices in Delhi-NCR and Mumbai have reached the peak level of 2008 and any further rise in the rates will adversely affect the demand. It said the prices in the rest of the country may firm up by about 10-15% next year to touch [...]

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Gurgaon Based Developer Orris Launches Commercial Complex at New Gurgaon

Published: December 11, 2010

Orris Infrastructure, a Gurgaon-based real estate developer, has launched a new age commercial complex ‘Business Square’ in Sector 82A, New Gurgaon. The project, which is spread over an area of 9.5 acres, has three towers that will offer office space and also includes a convention centre, 5-star and business hotel, according to the company.
A 5-star [...]

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Tata Housing Subsidiary Announces Launch of Hill Township at Thane

Published: December 9, 2010

Smart Value Homes, a 100 per cent subsidiary of Tata Housing Development Company, has announced the launch of New Haven — a hill township at Vasind in Thane district, Maharashtra. Spread across 33-acres, the new project would offer 1,252 apartments, including 2 BHK and 3 BHK homes starting from Rs 15-30 lakh, according to a [...]

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