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Property rates in Eastern Mumbai District expected to double by 2017
Posted on Mar 07, 2014
MUMBAI: Property rates in the Eastern Mumbai District (EMD) which encompasses Karjat, Neral, Shelu and Khopoli are expected to double by 2017, according to Brick Eagle, a financial services platform for affordable housing development in India.

"Property investment here remains a good, safe, low-risk investment with average rates of Rs 3000 per square foot and an upward trend incomparable to other areas in the real estate market," it said.

"Based on trends seen in Navi Mumbai and Panvel, it is estimated that property prices will continue to rise to Rs 6,000/sq ft by 2017, Rs 8,000 per sq. ft. by 2020, Rs 15,000 per square feet by 2025 and to an astounding Rs 30,000 per square feet by 2030; an incredible 900% appreciation in 16 years," it added.

The report said that with upcoming infrastructural improvements and developments like the construction of the 12 lane multimodal corridor, the ambitious Delhi Mumbai Industrial Corridor, the expansion of educational and IT infrastructure and the slated extension of rail connectivity, "the Eastern Mumbai District is well poised to become a self-sustaining metropolis."
Source: http://timesofindia.indiatimes.com/city/mumbai/Property-rates-in-Eastern-Mumbai-District-expected-to-double-by-2017/articleshow/31482806.cms

Delhi-NCR builders add value to lure end-users
Posted on Mar 07, 2014
DELHI-NCR: Realising the rise in purchasing power of the middle class youth and their additional demands, the Delhi-NCR based developers have started to coin new ideas for the value-addition like swimming pools, spas, landscape gardens, golf courses etc around the residential units inside the township they are offering.Such value addition takes aro ...
Source: http://articles.economictimes.indiatimes.com/2014-03-06/news/47970924_1_value-added-services-delhi-ncr-such-vas

Puravankara sets an upward trend with Purva Westend sales
Posted on Mar 07, 2014
Puravankara sets an upward trend with Purva Westend sales Sees overwhelming response through innovative Book building method Half a million sqft sold within 4 days of launching the projectPuravankara Projects Limited, a leading real estate developer in India, launched Purva Westend in Bangalore. Puravankara set a benchmark by selling half a million ...
Source: http://www.indiaprwire.com/pressrelease/real-estate/20140304296313.htm

Wadhwa Group in Qatar to promote new projects
Posted on Mar 07, 2014
Doha: Representatives of premium real developers from India, The Wadhwa Group, are in Qatar to promote their current projects in various parts of Mumbai.The group presents some of the highly rated projects -- Evergreen Heights, Kalwa; The Address, Ghatkopar West; Anantya, Chembur; Platina, Thane and Anmol Fortune, Goregaon West. The group offers ...
Source: http://www.zawya.com/story/Wadhwa_Group_in_Qatar_to_promote_new_projects-ZAWYA20140305034928/

Merlin floats new commercial project Acropolis in Kolkata
Posted on Mar 07, 2014
Kolkata-based Merlin group is now developing Acropolis, on the Rashbehari-EM bypass connector through a PPP model with Kolkata metropolitan development authority (KMDA). Spread across 6.5 acres, the project is expected to redefine the skyline of the citys burgeoning business district, claim developers who are pumping Rs 400 crore into the project. ...
Source: http://www.mydigitalfc.com/real-estate/merlin-floats-new-commercial-project-acropolis-kolkata-128

How is Pimpri Chinchwad property different from rest?
Posted on Mar 07, 2014
PCMC planning authorities were determined to avoid the mistakes committed in nearby Navi Mumbai, popularly known as the worlds largest planned township. After all, what began as regulated development in Navi Mumbai soon began giving way to commercialised expansion.Anil Pharande What is it about Pimpri Chinchwad and its township properties that is ...
Source: http://www.moneycontrol.com/news/real-estate/how-is-pimpri-chinchwad-property-differentrest_1050399.html?utm_source=ref_article

Real estate players wake up to digital media to boost sales
Posted on Mar 07, 2014
Not only are the developers finding digital media cost efficient but also increasingly effective in enhancing conversion rates.From setting up branded YouTube channel that showcase walkthroughs of upcoming projects, to hiring social media marketing firms, real estate players such as Godrej Properties, Tata Housing and Adani are joining the digital ...
Source: http://www.afaqs.com/news/story/40186_Real-estate-players-wake-up-to-digital-media-to-boost-sales

Builders line up to join MHADA panel
Posted on Mar 07, 2014
The 104 colonies of MHADA sprawled over prime real estate of 1,500 hectares across Mumbai, has attracted the interest of several developers.The 104 colonies of Maharashtra Housing and Area Development Authority (MHADA) sprawled over prime real estate of 1,500 hectares across Mumbai, has attracted the interest of several developers, which have now s ...
Source: http://indianexpress.com/article/cities/mumbai/builders-line-up-to-join-mhada-panel/

Invest in Chennai’s Kelambakkam for healthy rental returns
Posted on Mar 07, 2014
An apartment worth Rs 32-38 lakh in Kelambakkam has the potential to earn back Rs 1.2 lakh every year.Located just along the Old Mahabalipuram Road (OMR), Kelambakkam offers healthy returns in the form of monthly rentals. In addition to being an IT hub in itself, Kelambakkam enjoys proximity to other IT destinations such as Sholinganallur, Pallikar ...

Paras Buildtech starts giving possession of its project 'Paras Tierea'
Posted on Mar 07, 2014
Gurgaon-based real estate developer Paras Buildtech has informed it has started offering possession of first phase of its project Paras Tierea, located at Sector 137, Noida Expressway and that it would be the first project going for possession in that location for the select towers.“In the first phase, the developer is offering possession for the t ...
Source: http://www.realtyplusmag.com/rpnewsletter/fullstory.asp?news_id=25155&cat_id=1

Tata Housing plans retirement homes in eight cities
Posted on Mar 07, 2014
Tata Housing, on Monday, said it planned to invest Rs.1,200 crore for developing 13 housing projects for senior citizens in the next five years. The company had already launched its first project, Riva Residences, in Bangalore and work for similar projects would soon commence in more cities, including Chennai, Ahmedabad, Mumbai, Kolkata, Delhi and ...
Source: http://www.thehindu.com/business/Industry/tata-housing-to-invest-rs1200-cr-in-senior-living-projects/article5746693.ece

Mumbai: Buying home in top localities gets costlier
Posted on Mar 07, 2014
The top five premium localities of Mumbai, such as Altamount Road, Kemps Corner, Breach Candy, Malabar Hill and Nepean Sea Road are witnessing rising property values. As per the Magicbricks.com data and industry experts, these areas have seen the rise of about 2-15 per cent in capital values that in the last quarter (Oct-Dec 2013).In Breach Candy a ...
Source: http://content.magicbricks.com/industry-news/mumbai-real-estate-news-industry-news/mumbai-buying-home-in-top-localities-gets-costlier/65213.html?utm_s

A great demand of property at “affordable” price
Posted on Mar 07, 2014
Real estate companies are coming up with variety of options for the Indian buyers. The options include villas, luxury apartments, studio apartments and many more. The price for each unit range from city to city. No doubt, there are people who wish to live a luxurious life. They are ready to pay any price for the property of their choice. This is wh ...
Source: http://content.magicbricks.com/industry-news/industry-buzz/a-great-demand-of-property-at-affordable-price/65217.html?utm_source=feedburner&utm_medium=

Green panel to check illegal construction
Posted on Mar 07, 2014
NOIDA: The National Green Tribunal on Monday formed a panel of experts to examine unauthorized construction activities on a Sahibabad drain and over a green belt in Ghaziabad. The panel, which comprises officials of various government departments and agencies, has been directed to begin its inspection in a week.The directions were issued by a NGT b ...
Source: http://timesofindia.indiatimes.com/city/noida/Green-panel-to-check-illegal-construction/articleshow/31360640.cms

Pune: Wagholi offers 70 new housing projects
Posted on Mar 07, 2014
Wagholi, is all set to rein the residential markets of Pune in 2014 with almost 70 new projects, both ready-to-move-in and under construction, available in the market today.One of the most popular residential destinations in Pune for those seeking affordability and easy connectivity, Wagholi is bustling with real estate activity. Once considered to ...
Source: content.magicbricks.com/industry-news/pune-real-estate-news-industry-news/pune-wagholi-offers-70-new-housing-projects/65228.html?utm_source=feedburner

Tata Value Home’s National Home Buying Day oversubscribed four times
Posted on Mar 07, 2014
Tata Value Homes Limited, a 100 per cent subsidiary of Tata Housing Development Company, Indias fastest growing real estate companys maiden National Home Buying Day was oversubscribed 4 times with over 800 applications for the allocated 200 units across 5 projects.Impressively, Tata Value homes received over 200 applications on the first day of N ...
Source: http://content.magicbricks.com/industry-news/industry-buzz/tata-value-homes-national-home-buying-day-oversubscribed-four-times/65233.html?utm_source=f

Govt fails to acquire land due to ‘outdated’ Act
Posted on Mar 07, 2014
Though the population of Jammu city is expected to touch 19 lakh in 2021, but the state government continues to follow the J&K Development Act-1970, which has an outdated land acquisition provisions.While responding to the cut motion brought by MLA Chaman Lal Gupta in the Legislative Assembly, the government has also admitted that the failure o ...
Source: http://www.indianrealtynews.com/other-city/govt-fails-to-acquire-land-due-to-outdated-act.html?utm_source=feedburner&utm_medium=email&utm_campaign=Fee

Maharashtra govt yet to decide on FSI for redevelopment
Posted on Mar 07, 2014
NAVI MUMBAI: Stalemate over finalizing the FSI for dilapidated buildings in Navi Mumbai continues, as the ruling DF government is yet to decide on which proposal it should accept for redevelopment of old structures.While Navi Mumbai Municipal Corporation (NMMC) has proposed 2.5 FSI earlier, City and Industrial Development Corporation (Cidco) board ...
Source: http://timesofindia.indiatimes.com/city/navi-mumbai/Maharashtra-govt-yet-to-decide-on-FSI-for-redevelopment/articleshow/31357464.cms

4,000 sq ft land in Warje freed of encroachments
Posted on Mar 07, 2014
PUNE: The Pune Municipal Corporation (PMC) on Saturday demolished illegal constructions spread over 4,000 sq ft in Warje.Civic officials said these included residential and commercial establishments. The premises in the side and front margins were occupied without permission from the civic administration.In February, the civic administration had ac ...
Source: http://timesofindia.indiatimes.com/city/pune/4000-sq-ft-land-in-Warje-freed-of-encroachments/articleshow/31371288.cms

India’s luxury homes landscape is fast evolving
Posted on Mar 07, 2014
For a country which was in the past largely referred to in context with high poverty levels, India has come a long way by emerging as a resilient market for luxury housing. Of course, this is not a uniform phenomenon, and the demand for luxury housing in India varies according to cities. Even the definition of ‘luxury changes as we look into vario ...
Source: http://content.magicbricks.com/industry-news/indias-luxury-homes-landscape-is-fast-evolving/65238.html?utm_source=feedburner&utm_medium=email&utm_camp




Recent Articles
Property rates in Eastern Mumbai District expected to double by 2017
Delhi-NCR builders add value to lure end-users
Puravankara sets an upward trend with Purva Westend sales
Wadhwa Group in Qatar to promote new projects
Merlin floats new commercial project Acropolis in Kolkata
How is Pimpri Chinchwad property different from rest?
Real estate players wake up to digital media to boost sales
Builders line up to join MHADA panel
Invest in Chennai’s Kelambakkam for healthy rental returns
Paras Buildtech starts giving possession of its project 'Paras Tierea'

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