Unitech Ltd, the second-largest real estate developer in the country, is looking to de-merge its non-core businesses in order to focus only on real estate, a source familiar with the development said. The company’s non-realty businesses include construction, special economic zones (SEZs), power, telecom and hotels. The company plans to unlock value through private equity [...]

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India’s residential property sector, by far the largest amongst the nation’s property classes, has begun the march towards recovery as home prices across the country have shown signs of stability and growth, according to an in depth report into the real estate market.
But developers and investors have for too long focused on markets in the [...]

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Picture a perfect holiday setting, serenity all around you, leisurely living and slipping into a stress-free zone. Won’t you then just love owning a holiday home which takes you to another world altogether? Owning a home in the hills or in a location nearby which is calm and serene can be the perfect retreat. Moreover, [...]

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Construction firm Unity Infraprojects today said it will develop two mixed-use housing projects aimed at middle-to-high income segments in Kolkata and Bangalore with an investment of around Rs 500 crore. “We have already acquired 37 acres of land in these two cities. Work on the projects will kick off next quarter,” company Chief Operating Officer [...]

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Emaar MGF, a joint venture between Emaar of Dubai and MGF of India and a leading real estate development company, expanded its presence in Chennai with the launch of The Avenues on Tuesday. Wilson Mathews, Head, Sales (South), Emaar MGF, said ‘The Avenues’ was part of Esplanade, one of the largest residential projects (14 acres) [...]

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MUMBAI
An apartment, admeasuring approximately 1,150 sq ft, situated in Malabar Hill, was sold for around Rs 4,00,00,000 (Rs 34,783 per sq ft). The capital values for a mid-segment apartment in Malabar Hill would typically range from Rs 2,00,000–3 ,50,000 per sq ft and this apartment’s sale price is well within the prevalent price range.
The [...]

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The micro-market of Nariman Point was among the few in the country where office space rentals fell over the last quarter in an otherwise stabilising commercial real estate market. According to a report by commercial real estate services firm CB Richard Ellis, this is primarily due to relocation of offices from Nariman Point to further [...]

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As the year 2010 begins , it is heartening to note that homebuyers are taking the lead in reviving the realty market.
Looking forward, it is almost certain that the residential sector will continue to play a major role in shaping future growth in the sector. For homebuyers, this also means that developers are going out of [...]

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Recession-hit Indian real estate sector is crawling towards recovery with the return of end-users as well as institutional investors in the market, consultancy firm Ernst & Young has said. “The real estate sector is generally looking positive now. End-users are back in the market. Several developers are announcing new projects. Institutional investors, particularly private equity [...]

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To boost foreign direct investment (FDI) in real estate, the government may remove the mandatory three-year lock-in period for overseas investments in the sector.
The department of industrial policy and promotion (DIPP) has proposed this move, with a draft cabinet note on the proposal being circulated for inter-ministerial consultations. Doing away with this lock-in period has [...]

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Pune is a small but growing real estate market in western India. Vicinity to Mumbai, India’s financial capital, burgeoning IT sector, huge number of educational institutes, peaceful atmosphere and decent climate are some of the positive factors making Pune very attractive for a potential property buyer. With a lot of land being used up by [...]

Posted under Buying Property, Indian Real Estate, Property Rates

Godrej Properties, the realty arm of Godrej Industries Limited is extremely bullish on the affordable housing market in India. The company is mulling on the possibility of introducing housing facilities for the masses at price points below Rs 15 lakh per unit.
Godrej Properties executive director Pirojsha Godrej told ET, “We would like to take a [...]

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Sunil Sharma was a very successful IT professional in the US where he had been working for over a decade. However, he has returned to India and is currently engaged in developing an advanced IT-ready commercial space with all concepts of sustainable building packed into the Advant Navis Business Park in Delhi NCR (Noida-Greater Noida [...]

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With the announcement of the much awaited Model Real Estate Act, by the Ministry of Housing and Urban Poverty Alleviation (MHUPA), the Real Estate sector seems to have become a little more disciplined and ethical. It’s now going to be an arduous task for the builders and developers to dupe the buyers by using misleading [...]

Posted under Laws & Regulations

Venturing where few private players have gone before, India’s largest realty firm DLF is is planning to build one lakh affordable houses that would cost less than Rs 20 lakh in major cities across the country. According to sources, the company is giving final touches to its strategy for development of these one lakh housing [...]

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Navi Mumbai is the world’s largest fully planned city with a total area of 344 sq. km. Navi Mumbai meets all the design requirements for a 21st century life. It is the base of many reputed Indian and multi national corporates. Even in the residential property market, the city is one of the most sought [...]

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One of the world’s best master planned cities, Navi Mumbai happens to be the hotcake for real estate investors. The proposed international airport project in Navi Mumbai has also caused an escalation in the Navi Mumbai property rates. Whether its office space or retail space (shops), commercial property prices in Navi Mumbai are on a [...]

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Residential real estate prices are going up. In the last three months, prices of affordable apartments have appreciated by around 10% across the country. “With improvement in the sentiment in the economy, transactions in the affordable range of residential real estate have gone up. This has made developers to increase prices by 5% to 10% [...]

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Gurgaon is a major industrial hub that caters to all sections from IT, ITES, BPO, auto manufacturing, hospitality and more recently the medicine field for their commercial property requirements. Not only does it offer a well planned infrastructure, but also globally comparable business houses like IT parks and Business Centers. Commercial centers like Udyog Vihar, [...]

Posted under Buying Property, Indian Real Estate, Property Rates

Gurgaon in the NCR region is one such place that is highly in demand for  residential as well as corporate properties. A number of leading organizations and multi nationals have chosen it to extend their office floors. An investment in Gurgaon property, offers a very good option for commercial as well as residential sectors. The [...]

Posted under Buying Property, Indian Real Estate, Property Rates

Godrej Industries has entered into an agreement with Godrej & Boyce and Godrej Properties to form a special purpose vehicle for developing its property at Vikhroli (a Mumbai suburb), the company said in a communiqué to the BSE.
Without divulging details on the area to be developed, it said that the board of directors, through a [...]

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Mumbai is the financial capital of the country and the seventh costliest city in the world. It has established its name as the center for numerous industries, IT/ITES hub and lots of commercial activities. Owing to all these factors, there has been a continual rise in the real estate demand in the city. Mumbai commercial [...]

Posted under Buying Property, Indian Real Estate, Property Rates

With the economy regaining its momentum slowly, India will add up to 40 million sq ft of office space this year, which will be higher than many other advanced countries, but lesser than China. “Despite the slowdown, India will add highest ever office spaces this year. We will see 30-40 million sq ft of office [...]

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Anup Nair was a proud owner of a 1,500 sqft office space in an A grade office unit in Gurgaon. When slowdown hit, he decided to put this space up for lease and move the entire office operations to his South Delhi unit. However, he did not get lease rates anywhere close to what had [...]

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Mumbai-the commercial capital of the country and home to the Indian film industry, has always been a preferred choice for buying, selling or renting properties in India. It is recognized as an IT/ITES hub and this has led to a thriving demand for properties. Despite the skyrocketing real estate prices, the city has something to [...]

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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 [...]

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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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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. [...]

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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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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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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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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 [...]

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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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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 [...]

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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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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 [...]

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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 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 [...]

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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

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 [...]

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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 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 [...]

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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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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. [...]

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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

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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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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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

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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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