Emaar MGF, a joint venture between Emaar of Dubai and MGF of India and a leading real estate development company, expanded its presence in Chennai with the launch of The Avenues on Tuesday. Wilson Mathews, Head, Sales (South), Emaar MGF, said ‘The Avenues’ was part of Esplanade, one of the largest residential projects (14 [...]

There are signs of revival in the property markets in certain locations
The world and especially India has created history in a manner of speaking by creating the quickest turnaround and reviving markets. Equity, Gold, Silver, and Oil all of which with exception of Gold were at a low around the same time last year are [...]

Chennai property builders are reconciling to the fact that they have all along been targeting the top-end of the pyramid. From chasing
profits and “windfall gains” which involved high stakes, they have now started focusing on the affordable or the bottom of the pyramid (BoP) segment.
Housing demand in the Chennai Metropolitan Area (CMA) is projected to [...]

Appaswamy Real Estates has struck a deal with the Rakindo Group to jointly develop large-sized residential projects in the key
locations of Kotturpuram and Pallikarnai in Chennai. The projects, coming up on 110 grounds (1 ground = 2400 sq ft), is estimated to have a sale value of Rs 250 crore.
Though the land-owner and the developer [...]

For those planning to take a loan to buy their house, there is good news. Several banks have slashed home loan rates recently. Bank of India has come up with a festive offer called Star Home Loan, which can be availed till December 31. For a loan of up to Rs 50 lakh, the rate [...]

Home loan
seekers can save up to Rs 10,000 on their monthly repayments for one year as the government on Thursday approved 1% interest
subsidy for houses that cost less than Rs 20 lakh.
Aimed at promoting low-cost housing, the subsidy will be available for loans up to Rs 10 lakh, provided the cost of the dwelling unit [...]

INDIA’S PRIVATE sector lender, ICICI Bank in its bid to survive longer in the wake of cut-throat competition has slashed down the rates of their home loan products. The move, made effective from August 20, will take the interest rates on home loan of up to Rs. 20 lakhs, to 8.75 per cent. On the [...]

Good news for property buyers. The obnoxious black money, or the unaccounted cash component, for buying a flat is slowly fading out with buyers calling the shots in a market still being rebuilt after crumbling in last year’s financial storm. Across Indian metros, more and more properties can now be purchased through the accounted money [...]

Realty major Puravankara Projects is in talks for an alliance with Homex, a Mexican company that specialises in affordable housing. The idea is to give a boost to its affordable housing subsidiary Provident Housing. Ashish Puravankara, director, Puravankara Projects, said, “We are holding discussions with Homex as they have build a large number of affordable [...]

According to market analysts, office spaces have started generating buyer interest from corporates, boosting developers’ confidence in this segment. But industry experts added a note of caution, saying the supply-demand gap is still huge. “There is a bit more inquiry for office spaces than a few quarters ago, which is a positive sign.