Sanghvi Group comes up with Affordable Housing Project in Mumbai

Published: March 31, 2011

Acknowledging the need for ‘affordable and qualitative housing’ in the extended suburb of Mumbai Metropolitan Region (MMR) real estate firm Sanghvi Group has identified Kalyan, Shahapur, Vasind and Asangaon as an affordable residential destination. Keeping this in mind the Group launched Sanghvi Paradise, an affordable mega township project at Asangaon. Spread across nine acres of [...]

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Mumbai Real Estate Sector can witness Oversupply in 2012-13: Jones Lang LaSalle

Published: March 30, 2011

Mumbai’s residential market is predicted to witness a glut in 2012-13 owing to steady new launches at a time when sales are extremely slow, according to real estate consultancy Jones Lang LaSalle. “The overall sentiments of the market and the consistent rate of new project launches in Mumbai give a clear indication of an impending [...]

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Is it a Good Time to Buy Into Real Estate Sector?

Published: March 29, 2011

A ‘wild child’ in corporate governance norms, the realty sector’s performance, of late, has not been quite up to the mark. What has triggered the correction is a surge in borrowing costs and higher prices. The alleged involvement of some of the companies in a wave of scams has only fed to the negative sentiment. [...]

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Mumbai Realty Robust Despite Small Fall in Flat Sales in Feb

Published: March 28, 2011

Mumbai’s real estate market continues to be robust despite a minor blip in February when flat sales clocked a 2.40 per cent decline, a leading industry body said.
The city reported a marginal decline in flat registrations at 16,341 in February as against 16,743 registrations in the year-ago period, data from the Maharashtra Chamber of Housing [...]

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Slowdown Hits Mumbai Residential Real Estate Market

Published: March 26, 2011

After a one-year period starting in the third quarter of 2009, which saw a strong recovery with a record 40%-plus increase in prices, the Mumbai residential real estate market has been seeing a slowdown over the past two quarters across various micro markets.
The past six months have seen the return of negotiability in asking prices, [...]

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CII For Increase in Flow of Capital in Housing Segment

Published: March 24, 2011

Given the increase in the land prices, the Confederation of Indian Industry (CII) today said there was a need to improve the infrastructure and increase in flow of capital in the housing segment.
“The only way where land can be available is improving the infrastructure…more young people have started to purchase houses and keeping that in [...]

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Chennai Based True Value Homes to Develop 12 Projects at an Investment of Rs 800cr

Published: March 23, 2011

Chennai-based real estate developer, True Value Homes India Pvt Ltd (TVH), has announced plans to invest Rs 800 crore over the next three years to develop around 12 projects, majority of which will be in the residential segment. The investment would be from internal accruals and debt.
The company has so far developed six million sq [...]

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Rules that Simplify Property Buying for NRIs in India

Published: March 21, 2011

It makes sense for non-resident Indians (NRIs) and persons of Indian origin (PIOs) to invest in property in India. A NRI is a person who is not resident in India. According to the Foreign Exchange Management Act (FEMA), ‘person resident in India’ includes a person residing in India for more than 182 days during the [...]

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Mumbai Real Estate Continues to Remain Stagnant Amidst High Property Prices

Published: March 18, 2011

The real estate market in Mumbai continues to remain stagnant as sale transactions are at an all-time low due to the high property prices. Traditionally, property sales in the city go up between February and April, with March recording the highest number of transactions. But, this year even that does not seem to be happening.
As [...]

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Delhi Govt To Start Allotment of 10,000 Low-cost Flats

Published: March 14, 2011

Delhi government will soon start allotment process of nearly 10,000 low-cost flats to slum dwellers in the city.
Industries Minister Ramakant Goswami today said the government’s infrastructure agency Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) has completed construction of 9,660 houses which will soon be handed over to Delhi Urban Shelter Improvement Board (DUSIB) for [...]

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Realty Exhibition Brings Indian Property to Dubai

Published: March 10, 2011

Times Realty India 2011 , a two-day exhibition being held in Dubai on the realty sector of India, will witness participation from some of the biggest organisations in the property industry from India.
The exhibition, being held on March 11-12 here, aims to attract the non-resident Indian (NRI) community living in the UAE to invest in [...]

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Solid Demand for Swanky Homes in Hyderabad

Published: March 9, 2011

The sale of the ailing middle class housing schemes in the city could have dropped to an all time low with most projects finding no takers even after a 30-40 per cent slash in price. Doing well, however, is the premium realty segment of Hyderabad that has witnessed a jump in sales over the last [...]

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Rs 1 Crore Bid for Two-Bedroom Flat in Chandigarh

Published: March 8, 2011

A salaried person’s dream to own a house in Chandigarh may be almost over with city residents willing to shell out as much as Rs 1 crore (twice the actual cost) to own a two-bedroom (MIG) flat here.
Undoubtedly, when the sealed bids for 10% ‘assured allotment flats’ of Chandigarh Housing Board (CHB) were opened on [...]

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Tata Housing to Invest About Rs 3,000 Crore On Affordable Houses

Published: March 4, 2011

Tata Housing Development Company today said it would invest up to Rs 3,000 crore next fiscal to develop affordable homes across the country.
The company already has five projects in the affordable segment and plans to launch 7-8 more projects next fiscal.
Tata Housing has formed a subsidiary Smart Value Homes to develop affordable houses in the [...]

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