Government to provide interest subvention for housing loans
Track2Realty-Agencies: The government has said it will offer interest subvention on housing loans to make it more affordable for the poorer sections of the society to own a house.
Browsing: India Real Estate News
Beware of fly-by-night real estate developers
Track2Realty: The daily papers are replete with complaints by buyers who had been led astray or otherwise victimized by fly-by-night developers who specialize in launching small one-off projects and then wash their hands off the project. In a market environment where the exists a high degree of customer awareness with regards to most products, how can this continue to happen?
West Bengal offers big sops to real estate projects
Track2Realty-Agencies: In a boost to realty-related investment in the state, West Bengal Government has decided to grant an exemption under section 14Y of the West Bengal Land Reforms Act for township projects enabling them to acquire land more than the ceiling limit of 24 acres.
Priyanka Chopra to endorse Unnati Fortune Group
Track2Realty-Agencies: Bollywood actress Priyanka Chopra has been roped in to endorse Unnati Fortune Group. She will be seen in marketing and promotional campaigns that would be rolled out shortly by the company.
Mahagun Group launches ‘Meadows Villas’ on Noida Expressway
Track2Realty-Agencies: Mahagun Group has launched its premium range of signature villas at Meadows, located at Sector 150, Noida, just off the Noida-Greater Noida Expressway. Sprawling over 7 acres of verdant golf centric landscape, these ultra-luxurious villas in bareshell and finished options spread across a lavish 4900 sq. ft with double height living rooms, 5 spaciously appointed bedrooms, a family lounge on each floor and a private garden with swimming pool, dedicated home elevator encompasses all the requisites of a dream home.
Expanding MMR challenging Mumbai’s saturation
Track2Realty Exclusive: The critics of Mumbai property market for long blamed it for getting saturated with no new avenue of growth. The peninsular city no doubt has a limitation as far as expanding its boundaries are concerned, yet Mumbai is increasingly challenging its geographical limitations. The expansion of the city, not just vertically but horizontally of late, is enough to silence the critics.
Noida defies conventional growth pattern of a city
Track2Realty Exclusive: Cities come into existence either by design or by default and the first movers (either the local urban bodies or the private developers) give it a definite outlook & shape in terms of urban planning and overall outlook of the given city. This has been the pattern of urbanisation and rise and growth of the cities across the world with Indian being no exception.
Pricey dollars’ flirt with modest rupee in not-so-flaunting Coimbatore
Track2Realty Exclusive: While the real estate market in the metro cities have been flirting around with the NRIs to woo them with big-ticket investments, the discerning expat Indians had some other ideas. The destination to those desirable ideas was definitely not leading them to metro cities. So, at a time when the spate of luxury and super luxury launches were put on offer, the match makers of pricey dollars preferred to court the humble markets where the modest rupee was well grounded not to flaunt with pomp and show.
DLF plans to launch REITs next fiscal; earns Rs 2,100 crore annually as rental income
Track2Realty-Agencies: India’s largest realty company DLF said on Saturday, Nov 15, it plans to launch the Real Estate Investment Trusts (REITs) next fiscal to monetise its commercial assets and is in talks with global players for partnership.
Omaxe asked to pay over Rs 11 lakh for deficiency of service
Track2Realty-Agencies: The Delhi state consumer panel has asked real estate firm Omaxe Buildhome Pvt Ltd to pay over Rs 11 lakh to a retired Indian Airlines official after holding the realty firm of ‘deficiency of service’ in the allotment of a flat at Greater Noidain Uttar Pradesh.