Luxury realty picking up in Hyderabad

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Hyderabad When it comes to affordable properties, a lot has been said about Hyderabad real estate market. But, what has been noticed is that the city is also seeing demand and supply for properties that belong to the high segment. According to PropIndex, a quarterly report by Magicbricks.com, the city has recorded a healthy demand […]

Luxury housing in Lower Parel thrives due to accessibility to commercial hubs

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Mumbai The proximity to the Bandra-Worli Sea Link, Dr Annie Besant Road, Dr E Moses Road and Senapati Bapat Road, is attracting end-users to buy luxury homes in Lower Parel. These roads connect the area with several prime commercial as well as residential destinations within the city of Mumbai. “Lower Parel or Upper Worli as people often […]

80,000 affordable housing units in 5 years: Report

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Mumbai At least 80,000 affordable housing units in the Rs 3-10 lakh range were constructed in the last five years across India, said a Monitor Inclusive Markets report. Ashish Karamchandani, executive director, Monitor Deloitte, India, at a conference on Mumbai as a mega-city – A way forward with EU said these low income housing (LIH) units had […]

MMRDA to put on sale 2,500 affordable flats

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Mumbai For those waiting to buy affordable small flats, around 2,500 tenements are almost ready in Thane and Vasai-Virar. The state government recently directed the Mumbai Metropolitan Region Development Authority (MMRDA) to put on sale, at rates decided by the government inspector general of property registration in Pune, 50% of the flats built under its rental housing […]

Budget homes find demand in East Bangalore

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Bangalore In the early 1990s, Bangalore east beyond K R Puram was bracketed under ‘Bangalore Rural’. People didn’t head out there unless they could manage travelling on mud roads, with no habitation or streetlights for long stretches. Around 10 years down the line, Bangalore east has transformed into a bustling cosmopolitan and self-sufficient economic hub. […]

With Rapid Metro, Gurgaon gets a new lifeline

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Delhi NCR The flagging-off of the Gurgaon Rapid Metro this morning has given the residents of Gurgaon just another reason to cheer and celebrate. India’s first privately-funded Metro rail system aspires to improve the inter-city and intra-city connectivity, reducing the traffic mess on the roads. Additionally, as connectivity plays a pivotal role in any area’s […]

B-khatas is another slippery step

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Bangalore Civic analyst Ashwin Mahesh said the decision to allow transaction and registration of properties of B-khatas is another slippery step when it comes to property ownership and transactions. “Many people will go for registration now without realising that the court of law doesn’t accept B-khata as an ownership record. We don’t have a proper system to […]