Author Archives: skgupta

Godrej Properties and Jet jointly launch commercial project

A commercial project will be developed by Godrej Properties; in collaboration with Jet Airways, in the Bandra Kurla Complex area. Godrej Properties will join hands with Jet Airways to develop a commercial project in Mumbai in the Bandra Kurla Complex area. Godrej Properties Ltd. (GPL) is the real estate branch of Godrej Group.

DDA Budget 2013-14 passed: Key-Focus on affordable houses

With a special focus on affordable houses, Delhi Development Authority has passed its DDA Budget 2013-14. Preservation of green areas is another main focus included in the DDA budget. DDA Budget 2013-14 has been recently passed by the Development Authority of Delhi. Affordable houses and the preservation of green areas are two major focuses of […]

India to face severe housing shortage: Knight Frank

In the coming years, the housing shortage will be more in India, reported Knight Frank. Realty consultant firm added that the supply of houses will be shorter than the number of homes demanded. In the years to come, India will be facing acute and severe housing shortage, warns Knight Frank. In the opinion of the […]

Rs.1L Deduction to First – Home Buyers: Budget 2013 Proposes

Recently announced Budget 2013-14 has proposed Rs.1L Deduction to the home buyers who will be buying their first home. Those who are preparing to own their first home will be glad to hear that they will be given Rs.1L as deduction in their interest. However the new proposal of Budget 2013 will be helping only […]

Illegal building owners to be hit hard by GHMC’s penalty

The owners of illegal building will be hit hard by the Greater Hyderabad Municipal Corporation which plans to impose an additional penalty on the owners of these owners. Greater Hyderabad Municipal Corporation plans to revise the existing building norms especially which are related to the illegal building constructions. By revising and imposing an additional penalty […]

Union Budget 2013-14: How it affects the common folk?

The Union Budget 2013-14 can be considered as a moderate one as it deals all the sectors moderately. The Union Budget 2013-14 was announced and presented in the parliament on Feb -28. Union Budget 2013-14 gave nothing superb to the common people. However the Budget 2013 -14 was presented in a way that it does […]

Environment Ministry to Ease Green Norms

In a move to boost the real estate sector and construction of high-rise buildings, environment ministry now plans to ease the Green Norms. You may be witnessing taller buildings along the narrow lanes and corridors. Yes, this will be possible if the environment ministry eases the green norms for construction. The builders will be happier […]

Sahara Falls Deep Into Troubles: Delhi Investor Moves SC

A Delhi-based investor; requesting SC to give directions to redeem his investments, approached the Supreme Court last day. The move of the investor leads Sahara into deep troubles. Sahara falls from bad to worse situation as a Delhi-based investor approached the Supreme Court last day for gaining his investment dues. Though this is the first […]

Connaught Place & BKC Hold Most Expensive Office Spaces

Connaught Place and Bandra-Kurla Complex are the two hottest office locations. Both Connaught Place and BKC have found place among the list of Asia-Pacific Region’s most expensive office locations. According to the annual survey of Cushman & Wakefield, Connaught Place and BKC are the two most expensive office locations in Asia-Pacific region. Connaught Place is […]

DDA to Probe Dubious Land Dealings in Delhi

As per the direction of the Delhi High Court, Delhi Development Authority (DDA) will probe against the illegal deals of plots in the city. Delhi Development Authority (DDA) is asked by the Delhi High Court to probe into the land deals in the city. After hearing the PIL filed by Mr. Rajesh Kumar, a Delhi […]

Bangalore Residential Market Now Sees More Green Buildings

Bangalore Residential Market now has now a number of green buildings. According to the experts this is going to be the latest trend in the Bangalore Residential Market. Bangalore Residential Market has always one of the better residential markets in India. There are many who own a home in Bangalore and settle in the city. […]

Iyyapanthangal Booms with Connectivity & Infrastructure

As the connectivity of the area got developed along with your infrastructure growth, Iyyapanthangal in Chennai has become one of the most favorite home destinations. Due to many supporting reasons Iyyapanthangal in Chennai has become one of the most favorite home destinations. Yet the growth of the area is mainly due to its infrastructure growth that […]

Bollywood Collection Lowered As Multiplexes Are Fewer

Sluggish real estate market indirectly affects Bollywood collection. Bollywood remain unable to amass good revenue as there aren’t many multiplexes to project the Movies. Bollywood collection is mainly from the multiplexes which are built mainly in the mall projects. Once the mall projects are affected by the sluggish real estate market, construction of the mall projects is […]

Sahara Firms’ Assets Attached By SEBI: Projects Affected

SEBI finally attached the assets of two Sahara firms which failed to comply with the Supreme Court order. Earlier in the last year, Sahara firms were fined to repay the amount raised through OFCDs. Two Sahara firms’ failure to comply with the Supreme Court order which asked them to pay off over Rs.24000 Cr to […]

Yamuna Expressway Awaits Master Plan 2031’s Approval

Yamuna Expressway Authority; asking the approval from the state government, has sent a revised draft of Master Plan 2031 for developing the first phase in the area. Builders and home buyers are happy as the Master Plan 2031 is likely to be approved by the Uttar Pradesh state government. Asking the approval from the state […]

Unsold Properties Boost Homebuyers’ Sentiments in Pune

Remaining unsold properties in Pune boost the sentiments of the home buyers who expect to gain properties at lower rates after a good bargain with the builders. Large number of unsold properties in Pune gives a chance to the home buyers to have a good bargain with the builders and developers. Home buyers expect that the remaining unsold properties […]

DDA Plans to Reconstruct Dangerous Buildings

Delhi Development Authority (DDA) plans to reconstruct some dangerous buildings in the city. DDA is prompted by the increasing incidents of building collapses. Seeing the increasing incidents of building-collapses, Delhi Development Authority has decided to reconstruct some most dangerous buildings of the city. However DDA has to attain the consent of the flat owners to […]

Ghaziabad Likely To See Faster Growth Of Realty

Real estate market in Ghaziabad is expected to grow faster with the arrival of new link road. The new 22 Km –long link road will connect Ghaziabad and Greater Noida. Ghaziabad is likely to see faster growth of realty in the city as the construction of Ghaziabad-Greater Noida link road has been resumed. The 22 […]

RBI Cut Rates; Residential Market Likely to Revive

According to realty experts the residential market across India has revived after RBI cut its rates recently. In fact the RBI’s rate cut has lowered the interest rates for home loans and other loans. Reducing the interest rates for home loans and other loans, RBI recently cut its key rates. The move of the RBI […]

Ahmedabad Development Authority Bans Conversion Of Agri. Land

Ahmedabad Development Authority (AUDA) finally blew the whistle for obtaining NA for agricultural land. AUDA, banning the conversion of agricultural land for other purposes, issued notice in the last week. Thousands of realty investors who have hugely invested in lands will be affected by the new development plan issued by Ahmedabad Development Authority (Urban). As […]

Vacant Properties In Vadodara Exceed 1-Lakh; RTI Reply

Vacant Properties in Vadodara is said to have crossed 1-lakh figure. The list of vacant properties in Vadodara came up in an RTI Reply issued to a native of Vadodara. Arising confusion, an RTI Reply stated that there are more than one lakh vacant properties in Vadodara. According to the RTI Reply there are 1.2 […]

Walmart Pauses India-Entry; Upset By States’ Veto Power

Concerned over the States’ veto power in matters related to foreign investors’ entry into their states, global retail major Walmart has remained hesitant to enter India. Walmart and along with the US government officials have met Mr. Anand Sharma, Commerce & industry minister for India. The foreign retail major has conveyed its anxiety over the […]

Residential Market in India Likely To Grow Theme-Based

Residential market in India is likely to grow theme-based, say realty experts. In their opinion there is a greater possibility for theme-based housing to grow. Theme-based housing will become one of the most attractive forms of housing. Theme-based housing, a marketing technique, is expected to revive the residential market in India. It will improve and […]

English Cricketers Plan To Invest In Indian Properties

Sources close to the England Cricket Team revealed that some of the English Cricketers plan to invest in Indian properties. According to the sources they have shortlisted the cities as well. Some top English Cricketers have conveyed their plans to invest in Indian properties. They have shortlisted the top cities like Bangalore and Mumbai as […]

Ahmedabad Development Authority Likely To Raise FSI

Ahmedabad Urban Development Authority (AUDA)  announced its Development plan on February 1. The new plan raised the floor space index (FSI) up by 30%. Ahmedabad Urban Development Authority has announced a 30% rise in the floor space index on February 1. The increased FSI will enable the builders to construct taller buildings. The new development […]