Affordable Housing in Non-Metros To Get A Boost

Published: February 28, 2011

Low cost and affordable housing in non-metro regions is set to receive a boost following the finance minister in his budget speech announcing measures including the hike in housing loan limit for interest subvention.
In the Union Budget for 2011-2012, the existing scheme of 1% interest subvention has now been extended to Rs 15 lakh for [...]

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Mumbai Office Market, Sixth Most Expensive Globally - Survey

Published: February 24, 2011

Mumbai has been ranked as the sixth-most expensive office market in the world, according to a global survey by property services firm Cushman & Wakefield.
With office rentals in its main business district averaging $114 a square foot per year, Mumbai ranks behind Hong Kong , London, Tokyo, Rio de Janiero and New York, the report [...]

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Real Estate Remains the Most Preferred Investment Option

Published: February 23, 2011

Around 75% young Chandigarh residents employed in public sector undertakings, working in multinational corporations or having different types of businesses or professions prefer to invest in real estate. This was revealed in an Associated Chambers of Commerce and Industry (ASSOCHAM) survey titled “Latest Investment Trends Among Urban Professionals”, which was carried out in five cities. [...]

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DLF to Launch Luxury Residential Project “DLF Kings Court” Tomorrow

Published: February 21, 2011

The country’s largest realty firm, DLF, plans to launch one of the costliest residential projects here this week offering 38 luxury housing units at a price range of Rs 15-25 crore. The company will launch on Tuesday a super luxury residential project ‘DLF King’s Court‘, which is spread over 2.3 acres of land at Greater [...]

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Sunil Mantri Group Announces Residential Project in Mumbai

Published: February 17, 2011

Sunil Mantri Group, a developer of residential and commercial spaces across 14 cities in India, has announced the launch of its landmark residential project Mantri Serene, nestled against the backdrop of the Aarey hills in Goregoan (East), Mumbai. Spread across over 2 acres, the premium residential community is designed as a green haven that offers [...]

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Land Registration Rates Doubled in Delhi

Published: February 10, 2011

Circle rates, the minimum value of any piece of land or immovable property for registration, doubled in Delhi yesterday. First fixed in 2007, they’ve been revised for the first time. Developers and analysts were split on whether this would take property prices up significantly in the capital. While some developers indicated these could increase 10 [...]

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Mumbai Commercial Market Showing Signs of Recovery

Published: February 7, 2011

The commercial real estate market in Mumbai is finally bouncing back after a prolonged recession-induced slump. According to a recent report by property consultants Knight Frank, the commercial market in Mumbai is showing signs of revival and enquiries are on the rise. The first three quarters of financial year 2010-11 witnessed more transaction of office [...]

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