Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Maharashtra Govt to come up with Legislation for Affordable Housing

Posted: 28 Jun 2010 06:10 PM PDT

The Government of Maharashtra is prepared to come up with legislation for making affordable housing facilities available to curb slum dwelling in Mumbai if required, indicated Mr Sachin Ahir, Hon'ble Minister of State for Activities, Housing, Environment, Industries, Mines, Repairs and Reconstruction, Slum Improvement, Social Justice and Urban Land Ceiling, Government of Maharashtra. “The alternatives for [...]

Realtors Seek Cap on Brokerage

Posted: 28 Jun 2010 06:03 PM PDT

In a bid to save Chennaiites from the clutches of haggling real estate brokers, leading realtors in the city on Monday promised to infuse fair practices in deals, rationalise brokerage fees and ensure greater transparency in realty transactions. The Chennai Real Estate Agents’ Association (CREAA), one of the member organisations of the National Association of [...]

Chennai Witnesses Rise in Property-Related Crimes

Posted: 28 Jun 2010 05:04 PM PDT

In recent years, Chennai has expanded rapidly and so has crime in the city, particularly those relating to property. A survey of the statistics put out by the State Crime Records Bureau (SCRB) for the past four years, from 2006 to 2009, show that Chennai ranks high in all crimes relating to property, followed closely [...]

Teaser rates on home loans to go as base rate debuts

Posted: 28 Jun 2010 04:07 PM PDT

India's top lenders who have offered teaser rates on mortgages through special schemes to boost off take of loans will withdraw such schemes on Wednesday, as banks move to a new system of pricing loans from July 1. The special loan schemes launched by mortgage lenders — HDFC, ICICI Bank and State Bank of India [...]

HCC to start Mumbai Slum Re-Development by October

Posted: 27 Jun 2010 05:23 PM PDT

Hindustan Construction Company Ltd will begin its Vikhroli slum redevelopment project by October, a top company official said on Friday. The firm will develop 16 acres out of the 48 acres, for which it received approval two weeks ago from the Slum Rehabilitation Authority, Rajgopal Nogja, president, HCC Real Estate Ltd told reporters. “The development of [...]

Skyrocketing Property Prices in Mumbai

Posted: 27 Jun 2010 05:18 PM PDT

Mumbai Skyrocketing property prices over the last few months have taken housing beyond the reach of the salaried class, with barely six per cent of the total new housing stock in Mumbai priced under Rs 50 lakh. On the other hand, a staggering 46 per cent of these flats cost over Rs 1 crore. Figures compiled [...]

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