According to a Knight Frank report, Southern residential and commercial market continues to lead the recovery in the Indian real estate sector with both average residential price and office rental seeing an upward trend. The analysts point at number of factors that favoured the three Southern cit... Read more...
Despite a fall in household income in 2020, Kolkata is the most affordable market this year for buying a property, compared to six other major cities across the country, according the JLL Home Purchase Affordability Index (JLL HPAI). Mumbai continued to be the only market below the affordability ... Read more...
In what could be termed as green shoots of recovery during the COVID-19 pandemic, sales across Tier I cities have recovered by 60 percent in the second quarter of 2020. The maximum increase was observed in Kolkata which was 68 percent followed by Ahmedabad by 64 percent, MMR and Bengaluru by 60 perc... Read more...
Buy land, they’re not making it anymore The top cities like Bengaluru, Hyderabad, Chennai, Pune and Gurugram are seeing high demand for plots in the wake of the new realities presented by COVID-19. Some of the leading developers with plotted developments now include DLF Ltd., Mahindra Lifespace... Read more...
Realty firm Prestige Estates Projects Ltd will develop four new housing projects in Bengaluru, Goa and Hyderabad with an investment of nearly Rs 2,000 crore amid recovery in demand for residential properties. Bengaluru-based company will develop nearly 3,400 housing units in these four projects o... Read more...
Buy land, they’re not making it anymore The top cities like Bengaluru, Hyderabad, Chennai, Pune and Gurugram are seeing high demand for plots in the wake of the new realities presented by COVID-19. Some of the leading developers with plotted developments now include DLF Ltd., Mahindra Lifespace... Read more...
The Telangana State Building Permission Approval and Self Certification System (TS-bPASS) portal for building and layout permissions, in a transparent time-bound manner is a pioneering and revolutionary reform. It helps in doing away with endless wait and bureaucratic hurdles in obtaining building p... Read more...
The fourth virtual property launch in as many months by India’s leading real estate developer heralds growing customer confidence and Indian realty’s steady path to recovery. Three inaugurations of completed developments – Prestige Leela Residences, Prestige Lakeridge and Prestige Nort... Read more...
Though there was overwhelming response to regularisation of plots in unauthorized layouts with over 25 lakh applications across the state, many plot owners in the surrounding municipalities and municipal corporations, where illegal layouts have mushroomed, did not come forward to regularise their pr... Read more...
Property owners, whose land had been acquired by government for construction of slip/link roads, have preferred to take transferable development rights (TDR) worth Rs 500 crore — selling price of land acquired — over monetary compensation. “A total 200 properties were acquired for construct... Read more...