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Home prices slashed in Pune
Posted on Aug 24, 2016
According to Geras residential Pune realty report, average property prices seem to have fallen by 2.2 per cent in the first six months of the year.

It also points to a trend that lends some logic to the property prices on a market seeing consistent inventory overhang and slowing down of property launches.

“The effects for the headwinds for the real estate sector are finally showing up across various parameters. New project launches are down, prices on an overall market basis are down,” the report stated.

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Kotak Mahindra Bank cuts home loan rate, waives foreclosure charges
Posted on Aug 24, 2016
Kotak Mahindra Bank said it is now offering a lower home loan rate of 9.35% as part of a festive season discount and will also provide business loans and overdraft at up to 1% lower interest rate with 25% waiver on processing fees till 10th September.SBI already offers home loan rates of around 9.3%, while ICICI Bank charges 9.4% and HDFC Bank char ...
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PE inflows into office space surge on reforms
Posted on Aug 24, 2016
MUMBAI: Renewed confidence among institutional investors has pushed private equity flows into commercial real estate in the first half of 2016 even beyond the cumulative investments witnessed during the whole of last year. Office realty has received over Rs 3,256 crore investments from private equity funds during January to June against Rs 3,229 cr ...
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Shapoorji Pallonji, Piramal to invest Rs 300 crore in city project
Posted on Aug 24, 2016
MUMBAI: Ajay Piramal's Piramal Fund Management and Shapoorji Pallonji Real Estate Development will pump in about Rs 300 crore in a real estate project launched by Mumbai-based developer Ornate Spaces.The duo, along with Ornate, will construct a 1 million sq.ft residential project titled Grove Towers at Oshiwara in suburban Mumbai. The project manag ...
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Home buyers may have to wait... rates unlikely to fall
Posted on Aug 24, 2016
Mumbai: Prospective home and car buyers who were holding their breath might as well exhale as interest rates are unlikely to fall anytime soon.Designated RBI Governor Urjit Patel is seen by many as much as an inflation hawk as outgoing Governor Raghuram Rajan and is likely to continue with his predecessor's hawkish stance.It was the committee heade ...
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Properties in Rs 2,500-5,000/sq ft range good investment: JLL
Posted on Aug 18, 2016
NEW DELHI: People looking to buy homes should invest in properties in the range of Rs 2,500-5,000 per sq ft as this price tag provides protection against any capital value erosion and guarantees appreciation, according to realty consultant JLL India.In its report 'Creating Wealth With Residential Real Estate Investment', JLL has listed out various ...
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Noida receives 3 bids for group housing plot
Posted on Aug 18, 2016
Delhi/NCREven as real estate seems to be down in the dumps, land in Noida seems to be in demand.Noida Authority has received three bids for its 1.26 lakh square meters of land for a group housing plot in sector 43 on August 12. While the technical bids will be examined and in place by August 16, the financial bids will be finalized by the end of ne ...
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Growing realty hotspots
Posted on Aug 18, 2016
AhmedabadWith a number of new projects being launched in various localities in Ahmedabad, the city is set to attract more investors as well as homebuyers.Ahmedabad is emerging as a big option when it comes to investment, be it commercial or residential. With the official announcements about the proposed Metro rail, new and renovated railway station ...
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Quarter review: Thane gains popularity
Posted on Aug 18, 2016
Thane should be credited for relieving pressure from Mumbais residential market. Not just Thane, other satellite towns such as Bhiwandi and Navi Mumbai also share the responsibility. The city is gaining popularity due to new planning and availability of open areas.One of the new plans got approved by Mumbai Metropolitan Region Development Authorit ...
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Expert tips for real estate investment in India
Posted on Aug 18, 2016
A real estate investment is generally one of the largest investments for most of us, a wrong decision can have a significant impact on our lives. Hence, it is extremely important to try and understand some underlying fundamentals of real estate investing.First things, first. Why do you want to buy real estate. Are you buying a home where you can li ...
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Realty blues: Unsold flats in MMR increase to 2.40 lakh
Posted on Aug 18, 2016
The slowdown in the real estate sector stretches on as the number of unsold apartments in the Mumbai Metropolitan Region (MMR) has now touched 2.40 lakh units. In July, this number stood at 2.20 lakh. The MMR comprises of Mumbai, Navi Mumbai, Raigad and Thane.In Mumbai, the number of unsold apartments is currently 70,000, a marginal dip from the 75 ...
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The best places to buy a home in Hyderabad
Posted on Aug 12, 2016
Hyderabad has witnessed a surge in demand for commercial and residential properties. According to CBRE Indias report titled ‘The comeback of Hyderabad, ‘Hyderabad is regaining prominence, as one of the leading destinations for real estate in south India. Political stability, the state governments proactive policies, growing occupier demand, impr ...
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Bangalore’s Brigade Group to set up SEZ, hotel in GIFT city
Posted on Aug 12, 2016
One of South Indias biggest real estate company, Brigade group, inaugurated work on two new projects in Gujarat International Finance Tec (GIFT) City.The first is a special economic zone and the second, an ibis STYLES Hotel.The SEZ office towers will be of half million sq.ft with flexible office space of which the 1st phase is being launched now.T ...
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12 new projects, phases in the offing from Godrej Properties by March-end
Posted on Aug 12, 2016
MUMBAI: Realty developer Godrej Properties is planning to launch 12 more projects including phases of existing projects by March-end, said a top company official. The company has already launched one new project in Bengaluru and new phases of two existing projects in Pune since the beginning of current financial year."GDP growth is inching higher, ...
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The Wadhwa Group launches 4th Tower Promenade at Ghatkopar
Posted on Aug 09, 2016
The Wadhwa Group launches the 4th Tower of Promenade2BHKs available at unbelievable 20:80 schemeThe Wadhwa Group, one of Mumbais leading real estate development companies, announces the launch of the 4th tower of Promenade. Promenade is part of the project that forms The Address, which is a smart residential enclave by The Wadhwa Group. ‘Promenade ...
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Circle rates of Ghaziabad residential areas hiked by 2 to 5%
Posted on Aug 09, 2016
The Ghaziabad district administration hiked circle rates of residential areas by 2 to 5% for 2016-17, effective from Monday. The rate hike for residential areas last year averaged at around 5%.Based on the present hike, Kaushambi is still the prime residential locality with the highest rates among residential areas, ranging from Rs.72,500 to Rs.79, ...
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Home sales rise 7% in India, led by Mumbai
Posted on Aug 09, 2016
Annual residential sales are up 7% in Indias main cities in the first half of the year, but new launches are down 9%, says leading agent, Knight Frank.Office transactions by volume have also risen by 12%, according to Knight Frank Indias Real Estate Report (H1) 2016.India top sales secondSales in the Mumbai Metropolitan Region MMR are up 23% year ...
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Living in luxury
Posted on Aug 09, 2016
HyderabadLuxury properties in the city see a growth in demand and supply.World class infrastructure, great employment and entrepreneur opportunities and an economic growth more than the average national economic growth, has all made Hyderabad a place where one wants to live. With an abundance of affluent buyers in the city, the realtors in the city ...
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DMRC to construct 94 residential flats
Posted on Aug 09, 2016
Delhi Metro Rail Corporation (DMRC) is constructing 94 residential flats at an estimated cost of Rs 40 crore excluding land cost for economically weaker sections (EWS) in New Delhi. It has informed that these residential flats comprise one and two BHK categories at Okhla Phase-III.The construction of these flats is proposed to be completed by Septe ...
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Huda to launch fresh sectors across state to raise funds
Posted on Aug 09, 2016
Gurgaon: Huda is about to launch 15 new sectors in urban areas across the state. The announcement was made last week. By selling plots in these, the authority hopes to tide over its financial crisis. Huda expects to earn more than Rs 3,000 crore from selling plots in these sectors. Towns to reap the windfall include Mahendragarh, Sirsa, Hisar, Kuru ...
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