Did Not Get a Flat in DDA Draw? Explore Options in The NCR

Published: April 30, 2011

Those who did not find their names in the recent DDA draw might be feeling a little low as they may not be able to purchase a house in the capital with no DDA scheme in the near future. Experts, though, say that there is no point in cursing fate - they aver that it [...]

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Bangalore to Witness Robust Commercial & Retail Space Demand

Published: April 26, 2011

Bangalore is likely to witness a robust demand in commercial and retail space in the present calender year on the back of higher economic activity. According to a study of real estate research firm Jones Lang LaSalle India, the city is likely to absorb about 7.1 million sq ft of office space by 2011 against [...]

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Developers Find a Way Around SC Ruling on Parking Spaces

Published: April 25, 2011

A Supreme Court ruling in 2010 may have prohibited developers from selling parking areas as independent units to flat buyers ‘ but developers seem to have found a way around it.
Developers are now offering car parking charges as part of the sale agreement value . This trend was noticed during the recently concluded property fair [...]

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M3M Ropes in L&T to Build 7–Star Luxury Residence ‘M3M Golf Estate’ in Gurgaon

Published: April 18, 2011

M3M India Ltd has appointed Larsen & Toubro, one of the leading construction firms, for building their finest 7-star luxury residence — M3M Golf Estate in Gurgaon. The project will also be constructed by L&T in association with LERA International, which is one of the world’s leading consulting firms, providing modern and innovative structural engineering [...]

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Residential Prices Slated to Decline in Delhi-NCR and Mumbai

Published: April 14, 2011

Weighed down by a piling up inventory as customers stay away, property prices in India’s key markets are slated to decline, while in other cities the trend is likely to be divergent . Apart from the fall in affordability of customers, due to a rise in property prices and interest rates, the other reason is [...]

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Residential Property Prices to Dip as Buyers Stay Away

Published: April 13, 2011

Weighed down by a piling up inventory as customers stay away, property prices in India’s key markets are slated to decline, while in other cities the trend is likely to be divergent.
Apart from the fall in affordability of customers, due to a rise in property prices and interest rates, the other reason is developers’ fund [...]

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Prestige Group to launch Premium Residential Project in Hyderabad

Published: April 7, 2011

Bangalore-based Prestige group, which has completed several high-end residential projects in the city, has started work on its first residential project in Hy¬derabad. The company hopes to ma¬intain its brand image with the “Royal Woods” project slated to be completed by 2013.
The premium residential enclave is located off the outer ring road near Kismatpur on [...]

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New Norms Slow Down Property Registration

Published: April 6, 2011

Registration of property transactions has witnessed a steep decline in the capital after the state government made it mandatory to produce a building sanction plan and structural safety certificate as a prerequisite to any form of registry. In nearly all districts, the sub registrar offices have seen the number of registrations come down sharply. Some [...]

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Commercial Space Demand in India to Touch 160 mn sq ft By ‘14

Published: April 5, 2011

Demand for commercial office space across the seven major cities in India is estimated at around 160 mn sq ft by 2014, a latest study by multi-national real-estate services firm Cushman and Wakefield Research (CWR) has revealed.
The quantum of demand will mainly be concentrated in the metropolitan centres of Bangalore, Mumbai and National Capital Region [...]

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Sobha Developer to Launch Projects in NCR and Chennai

Published: April 4, 2011

As Sobha Developers prepares to launch projects in new markets such as the National Capital Region (NCR) and Chennai, it could look at monetising more land to raise funds, according to reports. J C Sharma, managing director of Sobha Developers said that finances for the new project launches have already been tied up but the [...]

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