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News Home House Prices To Rise At Slower Pace in 2014 Date : Dec 10, 2013 BANGALORE: After years of double-digit growth, house price rises in major Indian cities are expected to slow to just under 8 per cent next year as a cooling economy and rising interest rates deter new buyers, a Reuters poll showed. The survey of 11 property market analysts conducted over the past three weeks was for house prices in Asia's third-largest economy to rise 7.8 per cent next year, well below the current rate of consumer inflation of around 10 per cent. The findings of the latest India housing market poll are similar to recent Reuters polls conducted in the United States, Canada, Britain, China and Brazil, where home price rises are also expected to lose momentum but not fall. Home sales in India slowed Development work to start in 40 more unauthorized colonies: Lovely Date : Mar 26, 2013 NEW DELHI: With assembly polls just months away,Delhi government today announced the start of developmental works in 40 unauthorised colonies which are considered traditional Congress support base. Urban Development Minister Arvinder Singh Lovely told Delhi assembly that government has issued orders for taking up development works in 40 more unauthorized colonies. The government had cleared hurdles for initiating development works in 91 unauthorised colonies in January and issued an order for facilitating basic infrastructure in them. "In total, we are taking up developmental works in 131 unauthorised colonies," Lovely said. These colonies are not yet regularis Luxury homes catch real estate market’s fancy Date : Mar 12, 2013 Sales of luxury homes across big cities such as Mumbai, Bangalore, Gurgaon, Chennai and Pune have been moving up along with 6-23 % year-on-year price rise in this segment. BANGALORE MUMBAI: Luxury homes have caught the market's fancy with nearly $2 billion (over Rs 10,000 crore) worth of such houses launched across the country last year, this at a time when there's a general slowdown in the housing segment. According to estimates, close to 5,000 homes priced above Rs 3 crore (above Rs 5 crore in Mumbai) were launched across major metros during the year as absorption beat supply in Max Group plans to build and operate lifestyle properties Date : Mar 8, 2013 Max India Ltd. BSE 234.50 0.30 (0.13%) Vol:3981 shares traded NSE 234.90 1.25 (0.53%) Vol:6752 shares traded Prices|Financials|Company Info|Reports NEW DELHI: A High-end villa rentals slide as expats relocate Date : Mar 7, 2013 Data shared by multiple global real estate consultants and city-based brokers show that rentals for high-end villas have fallen between 25% and 30% in the last one year. EDITORS PICK Fraud deal: Maharaja’s Rs 200 cr bungalow sold for Rs 20 cr Property tax sparks off divorces in China Lutyens zone going for way below market price Image of reluctant inheritor risky for Rahul Gandhi Wharton snub: Modi to address Indian diaspora in US BANGALORE: Rentals of high-end vil Fraud deal: Maharaja's Rs 200 cr bungalow sold for Rs 20 cr Date : Mar 7, 2013 Fraud deal: Maharaja’s Rs 200 cr bungalow sold for Rs 20 cr EDITORS PICK Lutyens zone going for way below market price High-end villa rentals slide as expats relocate Image of reluctant inheritor risky for Rahul Gandhi Wharton snub: Modi to address Indian diaspora in US Wharton is wrong in disinviting Modi? | Modi humour HDFC Bank Ltd. BSE 628.95 DDA goes for low-income housing in its sub-cities Date : Mar 6, 2013 DDA passed its budget for 2013-14 with special focus on development of low-income housing in its sub-cities & maintenance of green areas. NEW DELHI: Delhi Devlopment Authority (DDA) passed its budget for 2013-14 at an Authority meeting held on Tuesday with special focus on development oflow-income housing in its sub-cities and maintenance of green areas. Infrastructure projects also got a boost. L-G Tejinder Khanna, who is the DDA chairman, said that before the next Authority meeting, a monitoring chart giving targets, timelines and date of completion should Godrej Properties, Jet launch commercial project in BKC Date : Mar 6, 2013 RELATED VIDEOS Godrej Properties, Jet launch commercial project in BKC Larsen & Toubro Ltd. BSE 1432.00 38.10 (2.73%) Vol:164132 shares traded NSE 1432.00 36.40 (2.61%) Vol:1236734 shares tra India's most expensive residential localities where the rich and mighty reside Date : Mar 5, 2013 The wide, tree-lined roads of Luytens Delhi, Altamount Road and Malabar Hills in Mumbai, Alipore in SouthKolkata are some of India's toniest addresses, where the rich and mighty reside. The prices of properties here are streets above what upper middle-class rustles up for its homes. India's costliest residential address is not in Mumbai, the city of dreams, but in boulevard-encased central Delhi. Join ET on a tour of the rich clusters. source: http://economictimes.indiatimes.com/markets/real-estate/realty-trends/indias-most-expensive-residential-localities-where-the-rich-and-mighty-reside/articleshow/18804233.cms Budget 2013: Will property become more affordable now? Date : Mar 4, 2013 While first-time home buyers will gain from the tax incentives, the eligibility cap may keep most buyers in the bigger cities out. Premium housing costs will also go up. If you are still waiting to buy your first house, the budget has some good news for you. The finance minister has extended an additional benefit of Rs 1 lakhon home loans up to Rs 25 lakh for first time property buyers. This deduction will be over and above the deduction ofRs 1.5 lakh allowed for self-occupied properties under Section 24. The catch, however, is that the property shoul Budget 2013 proposals disappoint real estate developers Date : Mar 2, 2013 Budget proposals for the realty sector have not enthused developers, as these are wholly focused on the low-budget housing segment. Eldeco Housing & Industries Ltd. BSE 160.00 -2.00 (-1.23%) Vol:341 shares traded Prices|Financials|Company Info|Reports Finance minister P Chidambaram announced a number of sops fo Budget 2013: No proposal to benefit real estate significantly says Gaurav Karnik, Ernst & Young Date : Mar 1, 2013 For the real estate sector this budget didn't provide any proposals which could benefit the sector significantly. Additional interest deduction of Rs 1 lakh for low cost housing (where loan taken is less than Rs 25 lakh) in addition to the current deduction of Rs 1.5 lakh should be welcomed by the sector. Additional allocation to rural housing fund and launch of urban housing fund should provide some relief to certain types of developers who are facing liquidity crunch. Announcement of new road projects in Gujarat, Rajasthan, MP and Maharashtra should act as a catalyst in attracting township developments in the long run. The FM however disappointed the buyers by implementing tax deduction at source o |
  
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