Property Card Will Be Only Ownership Proof -Times of India
Urban property owners in five major cities in Karnataka — Mysore, Shimoga, Hubli-Dharwad, Bellary, and Mangalore — will move from `presumed’ to `certified’ ownership of property, courtesy the Urban Property Ownership Records (UPOR) project.
This will promote trust in transactions and security of property title and will improve investment options for the citizens.
The final property card will be issued with photograph of property owner on it. Read More
Roads To The Future- The Hindu
Three stretches on the city’s outskirts are on the way to becoming real estate hotspots. These three stretches are hot topics in Chennai’s realty circles.
The road has also benefited from the development of social infrastructure facilities such as colleges, schools and hospitals. Access to similar facilities in nearby OMR and GST road is another attractive factor. Industry watchers feel that the completion of the Outer Ring Road will provide a further developmental fillip.
For many years, realty talk has centered around the OMR. Those in the business now believe that the buzz in the future will be around these three roads. Read More
Property Outlook For Delhi, Mumbai Promising- The Hindu
Leading international property consultancy Knight Frank and Citi Private Bank unveiled their latest research study worldwide “Wealth Report 2010” offering a global view on the performance of prime residential property markets with the focus on the Asia-Pacific.
Commenting on the prime property market in India, Pranab Datta, Vice Chairman and MD, Knight Frank India said, “There are growing prime markets in every city of India. But, South Mumbai and South New Delhi are the markets which are highest in terms of prices followed by Bangalore, Chennai and Hyderabad. We anticipate that the prices especially in cities such as Mumbai and Delhi will return to the peak levels of 2008 in 2010.” Read More
Saving, Brick By Brick – The Hindu
A garment entrepreneur-turned contractor A. Sellappan (57), from near Coimbatore, has come up with a new building material —interlocking building blocks — that he says can cut construction costs significantly. Read More
The Outlook For 2010 – Deccan Chronicle
As we all know, the outlook for the home loan industry largely depends on the parent industry – the real estate industry.
According to the consultancy firm, Ernst & Young, “The recession-hit Indian real estate sector is crawling towards recovery with the return of end users as well as institutional investors in the market. Read More
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