Gujarat to See a New Housing Policy Soon

Aiming to provide more affordable homes to the people in the state, Gujarat Government is planning to launch new housing policy.

The slum dwellers are really happy to hear that the Gujarat Government is pondering over implementing new housing policy in the state. Under the new housing policy nearly 22 lakh housing units will be developed. Read More »

Bangalore Residents deprived of E-Payment of Property Tax

Many of the Bangalore residents are not able to pay their property tax online. Some of the areas do not have the access to E-Payment of Property Tax just because these areas are not PID enrolled.

E-Payment of Property Tax has been initiated as one of the easiest ways to pay property tax. Though this was meant for all, this facility has not yet become common. All areas in Bangalore are not enrolled and given PID numbers. Read More »

Realty Market Has No Chance For Collapse

Industry experts say that realty market is unlikely to face a collapse. The speculations over the stability of property market aroused when the gold prices fall.

Falling Gold prices have raised questions among those who have invested in the property market. However the experts say that realty market is unlikely to face a collapse. Read More »

Air India to Lease its Delhi Assets to Govt. Entities

Receiving good response from the government entities, Air India now plans to lease its properties to them while discarding the applications by the private sector companies.

Air India is really happy that their plan to lease its assets in Delhi will be a great success. The airlines hope that their lease plan will fetch a good amount of money. Read More »

Branded homes set to rule the luxury housing segment

The branded homes concept has become the latest trend in the residential sector. The demand for branded homes is increasing in top cities.

MUMBAI: The demand for branded homes is increasing in top cities. Many developers like Supertech, Lodha, Ireo, 3C Company, and so many others are coming up with branded home projects. This increasing number of branded projects shows that it has become the latest trend in the top-end luxury segment. Read More »

CREDAI NCR Chapter to Regulate Dealers

CREDAI NCR Chapter plans to regulate the property dealers in the region. CREDAI NCR Chapter has formed a consumer redressal forum last year to receive the petitions from the buyers. Read More »

MCHI-CREDAI Property Expo 2013 Attracted Huge Crowds

The four day MCHI-CREDAI Property Expo 2013 received good response from the prospective buyers. Huge crowds are reported to have visited the property expo.

MUMBAI: MCHI-CREDAI Property Expo 2013 was conducted at MMRDA grounds at BKC. The property expo which began on April 11, ended yesterday. The property expo attracted huge crowds, over 50000 visitors. Read More »

SEBI questions Subrata Roy Sahara and other directors

Subrata Roy Sahara and three other directors of Sahara Group were questioned by SEBI.

Last Wednesday might have been a hard day for Subrata Roy Sahara and his co-directors as they were questioned by the Securities and Exchange Board of India. The questioning was mainly for finding out the real income sources of Sahara Group. Read More »

Oracle India leases 50000 sq. ft. office space in BKC

Oracle India Pvt Ltd has signed to lease 50000 sq. ft. office space in the Bandra Kurla Complex.

MUMBAI: Signing the lease agreement, Oracle India has made it certain that they will be having a new headquarters. The IT major will lease over 50000 sq. ft. of office space. Read More »

Orissa Govt plans to develop 5000 affordable houses

Orissa government will develop 5000 affordable housing units in Bhubaneswar. The state government plans to launch the scheme in collaboration with the city-based developers.

BHUBANESWAR: The capital city of Orissa is now witnessing an increased demand for affordable homes. As the city is growing fast; providing better job opportunities, there is a better flow of population to the city now. Read More »

No Green building developed in Madhya Pradesh

In Madhya Pradesh there is no green building. The concept of developing green building has failed miserably in the state.

Though there are a good number of green buildings in India, some of the states are not in favor of this concept. There are 352 green buildings in India. Read More »

Building Collapse in Thane Signals Depth of Corruption

Last week a building collapse took 75 lives in Thane. This building collapse in Thane signaled the depth of corruption which has crept into the real estate sector.

THANE: Corruption is one of the first things which have to be removed from the construction sector. As long as there is corruption in the construction sector, there is no safety for the lives of people. Building collapse in Thane is an example of this corruption. Read More »

Delay of Navi Mumbai Airport likely to Affect Realty

Realty sector fears that the delay of Navi Mumbai Airport will affect them. However the impact of the delay would remain only for a short term as the airport will come up, though lately.

Navi Mumbai Airport was expected to be completed by 2016-17. However this will not be completed by then and the delay is certain. Read More »

Rajasthan Royals Extends contract with Supertech

Real estate major will continue to sponsor Rajasthan Royals which has extended its contract for the sixth edition of IPL.

What the relation between the Cricket and Real estate? You may feel that both real estate and cricket have nothing in common. Yet, there is no competition between the two. Though they do not share anything in common, they never fight against each other. However Supertech’s sponsorship of Rajasthan Royals in the ongoing IPL season tells their role in the cricket. Read More »

Mumbai Buyers’ Demand for Golf-centric Projects Rises

Golf courses are one of the main amenities which the buyers are looking for in Mumbai.

There are many upcoming golf courses in Mumbai. Yet, compared to other cities, there are only lower numbers of golf courses in Mumbai. Read More »

Single Window Clearance, Housing Ministry to present in the Cabinet

Single window clearance is likely to be implemented soon. The housing ministry plans to present the single window clearance in the cabinet.

New Delhi: Housing ministry has been seeking options to bring down the property prices. However once the Economic Survey 2013 reported that slow paced clearance is a reason that shoots the property prices up, housing ministry started thinking in that way. So finally the ministry has reached at single window clearance for all residential projects. Read More »

Housing Ministry to Present Real Estate Regulator Bill

Real estate regulator bill is likely to become a reality soon. The housing ministry has planned to present the real estate regulator bill in the cabinet for its approval.

Home buyers as a whole were expecting the implementation of real estate regulator in the budget 2013. However as against their hope, the bill was not implemented. But now there are again rays of hope for the home buyers as housing ministry has decided to go ahead with the real estate regulator bill. Read More »

Realty sector in Kerala worried over increased VAT

The Kerala government’s decision to increase VAT troubles the realty sector in the state. According to the experts, this would have an adverse impact on realty sector.

Realty sector in Kerala now fears that the increased VAT will have an adverse impact on the sector. Though the budget may not affect the realty sector directly, it may have an indirect impact. Read More »

SEBI asks for SC’s permission to arrest Sahara Chief

Market regulator SEBI has appealed to the Supreme Court demanding the arrest of Subrata Roy Sahara.

Securities & Exchange Board of India is all set to arrest Subrata Roy Sahara. And SEBI has sought the permission of the Supreme Court for arresting the chief of Sahara. Read More »

BMC extends the deadline for paying property tax bills

Brihanmumbai Municipal Corporation (BMC) has finally extended the deadline to pay the property tax. The decision of BMC came as a relief to the crises hit people.

Granting three more months to the residents, Brihanmumbai Municipal Corporation (BMC) has extended the deadline for paying the property tax bills. The earlier announced date was March 31. Now the residents will have three more months to pay the property tax. Read More »

Realty sector sees no reforms: budget 2013 fails

Realty sector blamed budget 2013 for not implementing any sort of real estate reforms. Industry had expected the budget to implement some reforms to boost the sector.

Now the real estate sector could be divided well into two phases; the first that of hopes and expectations and the second that of despairs and unhappiness. It was true that the realty sector was expecting some sort of reforms to be initiated in the budget 2013. Read More »

CMDA permits residential project in industrial land

In a rare case, Chennai Metropolitan Development Authority (CMDA) allowed construction of residential project in industrial land.

Industrial land owned by Hindustan Teleprinters Limited has been left without any takers for over five years. The owners failed to draw any taker to the land which is termed industrial land by the government. Fed up with the situation the HTL approached the civic body for construction of houses in the land. Considering the petition of the owner, CMDA decided to allow construction of houses in the land. Read More »

Top-end housing segment turns hotter after Budget 2013

As an impact of budget 2013, the prices for top-end housing segment will shoot up. In the opinion of the experts the top-end housing segment will be hit harder by the budget.

Though the budget was considered to be a real estate friendly one, it did not turn up in that way. As against the expectation of the real estate developers, the budget 2013-14 became a blow to the housing segment, especially to the top-end housing segment. Read More »

Cameron ready to help India to develop Mumbai-Bangalore Corridor

While visiting India, David Cameron, the Prime Minister of Britain, said that the British Government is ready to help India for developing the corridor that fall between Bangalore and Mumbai.

If India could develop the 1000 km long corridor between Bangalore and Mumbai, it would become one of the most important locations in India, opined David Cameron. The British PM added that it would link the commercial capital of India with the tech city. Read More »

All party meet reaches no consensus on Land Acquisition Bill

All party meet has miserably failed to reach consensus on land acquisition bill. The land acquisition bill was placed in the parliament for an open discussion.

All party meet, including Congress, left parties and other opposition parties, could not reach consensus on land acquisition bill. The opposition leaders strongly opposed the approval of the bill which was put forward by the UPA government. Though the bill is expected to bring more clarity to the property acquisition process, it was not welcomed by the opposition parties. Read More »