propertyDirect

Despite rate hikes, the home loan segment looks set to grow

2010-08-27

The recent hike of 0.25 to 0.50 percent in home loan rates by all leading banks, the home loan segment is the least affected. Stable macro economy and improvement IT job placements coupled with the upcoming festival season is expected to boost the market sentiment. It is a good time for the customer to take home loans as intere

GHMC Property Tax hike proposal strongly opposed

2010-08-27

The proposed 30% hike in property tax in Greater Hyderabad Municipal Corporation(GHMC) limits has received flak from all political parties. Leaders from across the political parties including city mayor B. Karthika Reddy strongly opposed the proposal of the GHMC commissioner to increase the property Tax up 30 percent thereafter 5 percent

AP Government takes back 400 Acres of Land from Satyam

2010-08-27

Its more than 18 months since the infamous Satyam Computers Scam surfaced, the government authorities woke up to realise the 400 acres of land allotted to the company at Boyapally Village limits of Ranga Reddy district is void. In a never too late kind of action the the revenue officials of the Ranga Reddy District have taken possession

Does Telangana Sentiment really affect the Hyderabad Real Estate?

2010-08-03

The recent by-election results proving to be a shot-in the arm of Telangana protagonists, now the question is does the expression of strong pro telangana sentiment really going to affect the AP Real Estate, moresover what does it mean to Hyderabad real estate? Is it going to end the suspense that is bothering both buyers and realtors equ

Finally AP Govt. Buckle to Pressure ? Decides to Reduce Land Registration Fee

2010-06-10

Under pressure to reduce the Land Registration Fee to be eligible to receive funds from centre the Andhra Pradesh State government has finally decides to cut the registration feet from 9.5 to 5.0%. Speaking to media , The state Endowments and Registrations, Stamps Minister Mr.G. Venkat Reddy said "the government has been lookin

PCPIR project to give big thrust to development in Kakinada -Vizag corridor

2010-06-08

The Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) project announced by the government is expected to give big push to the development for infra and real estate projects along the Kakinada to Vizag coastal corridor. The government has invited fresh tenders to select consultants for preparing a master plan for project sp

AP Govt. Announces Concessions for Housing Projects

2010-06-08

The Andhra Pradesh government on Monday announced a series of concessions like fee exemptions and rebates to encourage the housing sector, especially for the lower and middle class segments. Building approval fee/building permit fee exemption to all apartment complexes and group housing projects on the built up area covered by h

Book launched on Affordable Housing

2010-06-01

If you are wondering how to make a right decision on your next property purchase, perhaps you must read a book titled "Affordable Housing- How law and policy can make it possible", a research work of senior advocate Arun Mohan, examines the problems faced by the housing sector and comes up with practical solutions on how cost can b

Interesting Home Furnishing Offer from Godrej

2010-06-01

Refurnishing your home involves changing a multitude of furniture which comes at tremendous costs. And to address this comes the 20-20 offer from Godrej Interio, a complete interior solution provider homes and offices. Under the offer, the leading home, office furniture and interior solutions company will enable one buy stylish home furni

Isha to develop affordable homes in Chennai

2010-05-09

Isha Homes (India) Private Ltd., a Chennai based real estate company developing residential homes in the luxury villa homes segment, is now planning to get into budget homes segment too. According to Suresh Krishn M. E., Managing Director, Isha Homes would build these budget homes at Medavakkam. These would come up on 5.91 acres.

Kokapet Land : AP High Court Slaps HMDA and Asked to Payback the Bidders

2010-04-24

In what could be termed as a major set back to the Hyderabad Metropolitan Development Authority(HMDA), the Andhra Pradesh High Court has directed the HMDA to payback the Rs. 435 crore to the bidders who purchased the lands at Kokapet, a suburb adjoin the IT and Financial hub of Hyderabad, in a open auction in 2006. Delivering

The Noida-Agra Yamuna Expressway: All set to transform Western UP

2010-04-24

Come 2011, a significant change will take place in the state of Uttar Pradesh with Jaypee Infratech all set to complete the construction of the Yamuna Expressway between Noida and Agra, a head of schedule. Jaypee Infratech Ltd.?s holding company Jaiprakash Associated Ltd., a leading infrastructure company in India is developing

HDFC announces home loan rate cut

2010-04-16

Escalating inflation fears, speculation on RBI rate hike did not seem to deter the home loan lenders from announcing the so called Teaser Home Loan Rates. The Housing Development Finance Company(HDFC), Indias largest housing finance company, sprung a surprise by announcing a cut on its home loan rate to 8.25 per cent for new lo

HSIIDC allots 19 plots to Industrial Units

2010-04-13

In a major push to the industrial growth, the land allotment committee appointed by Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has cleared allotment of industrial plots to 19 units in various industrial estates to be developed in the state. According to HSIIDC MD, Mr. Rajeev Arora, these industrial units

LRS/BPS : GHMC and HMDA gear up to take stern action

2010-04-13

Worried by the poor response to the two-day ?mela conducted in all municipal circles to expedite pending Building Penalisation Scheme (BPS) applications has forced GHMC to issue ?red lettered notices to 35,000 of the 70,000 applicants. GHMC will be forced to take action if the applicant do not respond to these letters. After Ju

Supreme Court Permits Hyderabad ORR Completion

2010-04-07

The supreme court today ruled that the Hyderabad Outer Ring Road project can be completed as planned, but limiting the damage to the water bodies along the alignment of Hyderabad ORR Phase II. Jayabheri Petition on ORR Delivering the judgement on the petition filed by the Jayabheri Estates, a well known real estate

Multi-Crore ultra Luxury Home Project at Gachibowli,Hyderabad

2010-04-07

With Real Estate industry slowly but steadily recovering from its lows, the concept of luxury living is again taking center stage. After recent news on Lodha Bellezza, a luxury concept housing project at Hitech City Road, Kukatpally, it is now KonceptAmbience which announced a multi-crore luxury housing project - Botanika, at Gachibowli,

Registration cost of properties to increase in Andhra Pradesh

2010-04-01

The Andhra Pradesh government in a bid to offset the revenue loss due to the real estate slump last year, ordered a fresh assessment of market value of all types of properties and effect the increase immediately. The Andhra Pradesh government while issuing the orders for a upward revision of the market value of land and other fo

Spa Villas at Lodha Belleza,Hyderabad

2010-03-21

Lodha Bellezza, the luxury residential project at Eden Square, Hitec City Road, Kukatpally, is now introducing Spa villas too. This prestigious venture, the first ?by invitation only? project in Hyderabad city is aimed at providing Californian style of living right here in the IT Hub of Hyderabad. The Lodha Bellezza project is

Lanco Slashes Price for Lanco Hills

2010-03-20

The Hyderabad based Real Estate and Infrastructure company, Lanco has announced a special price cut for their residential apartments at the prestigious Lanco Hills project.The company has fixed new price band at Rs. 3000 per sq.ft. With this cut, a 1900 sq.ft apartment in the tower 4 now priced around 60 Lakhs, excluding amenities fee, w