News: apartment property investment

The most recent apartment property investment news from a variety of international property news sources.

Oversupply in the affordable housing segment

Delhi NCR If you are planning to buy a house, this is the right time. The economy is coming out of the recession and is expected to grow at 8.5% in the current financial year. But as the hangover of the downturn is yet to recede completely, property prices in upcoming areas are still quoting [...]

Office space back in demand

Delhi NCR Prospects of the commercial real estate have started looking up along with the residential real estate market, as the economy gathers steam — it has shown a spectacular recovery from the downturn, when the GDP dipped to 6.7% in 2008-09. According to the Centre for Monitoring Indian Economy (CMIE), the GDP is expected [...]

High-rise flats in Bopal cost 25% more

Ahmedabad If you have booked a flat in an upcoming high-rise scheme in Bopal, you may have to loosen your purse strings as the state urban development department (UDD) has recommended charging a fee for extra FSI in the new zone classification that was introduced on April 30. The recommendation by the urban development secretary [...]

Combined buyer companies may solve real estate problems

A combined buyers’ association has never really taken off in India. In real estate the government sponsored cooperative housing concept did proliferate during the socialist years but it has since died down. In the US, buyers get together on the Internet and negotiate with manufacturers of televisions, music systems and other goods to buy nearly [...]

Dijaya to launch Danga Bay project by Dec

DIJAYA Corp Bhd will launch phase one of Tropicana City@ Danga Bay, its RM3.8 billion integrated waterfront flagship project in Johor by December this year, its chief said. Phase one will feature some 700 units of upper middle serviced apartments in three blocks, worth RM600 million or more than RM600 per sq ft each, managing [...]

Dijaya banks on Iskandar factor

JOHOR BARU: Dijaya Corp Bhd is banking on the long term development of Iskandar Malaysia as the main draw in attracting interest to its Danga Bay project here. Group chief executive officer Tan Sri Danny Tan Chee Sing said apart from the project’s location on prime waterfront land, Johor’s proximity to Singapore would be another [...]

Alhind Builders Plan 40 Storey Aprtment in Kerala with Two Helipads

Alhind Builders is set to construct what is claimed to be the tallest apartment building in Kerala, complete with two helipads. The 40-storey building forms part of an apartment complex coming up at Karaparamabu junction in Kozhikode, with two other buildings having 30 and 10 storeys each. The managing partner of Alhind Builders, Wazeerudhin said [...]

VME Realty to Start Residential Project in Chennai

VME Group, which has its presence in the real estate market from more than two-decade with focus on infrastructure, especially highway and railway bridges, has now turned its attention on property development. Construction is about to begin on its maiden residential apartment project that will offer a total of 302 apartments through a mix of [...]

Builders selling parking space as flat area

Mumbai Unscrupulous builders in the city have hit upon a new con to mint big money. These developers, allegedly with the connivance of the BMC’s building proposals department, get plans sanctioned for car parking decks on each floor and then sell off the space as part of your apartment. The practice, which has been in [...]

Akruti plans studio apartment project in Bangalore

Bangalore-based Akruti Developers has commenced Rs 40 crore studio apartment project, ‘Afallon’, located close to ITPL in Whitefield. According to the company, the project looks at redefining the existing design patterns and parameters set by its predecessors and hopes to bring in a new typology in building design and construction of liveable spaces. The project [...]