As per recent reports, it has been informed that the tallest residential tower in India has been inaugurated in Mumbai. Scaling a skyscraping 1000 feet above the sea level, the "World Towers" are planted in a huge 18-acre area at Lodha Place in Upper Worli, the urban centre in Mumbai.

The NZ property world is up for an early spring this year, thanks to a massive pickup in sales and listings of Auckland property market. The real estate industry has revealed that Auckland property is soon going to witness a seller’s market.

During a property valuation conducted by the Quotable Value (QV), it has come to light that house values have remained stable nationwide for the month of July in New Zealand. However, it has been reported that in the coming months the house values in central Auckland and Christchurch are on the verge of increasing.

The rates of the properties in New Zealand increases in June with Auckland listed on the top of the charts with highest value of the property in comparison to other cities in the country. The rates of the property increased nationally were 5.2% less than the rates in the year 2007 and 0.9% less than previous year’s record.

A leader in the property industry has for now said that if capital gains tax is now levied on the profits made from selling an investment property, it will surely make it hard for the investors abroad to afford property in New Zealand.

Renowned Real estate firm, Barfoot and Thompson's, has claimed to have lowest number of properties in its books, 5067, since August 2007.

The Managing Director of Barfoot & Thompson, Peter Thompson, has expressed disappointment about limited market choices where a majority of owners tend to put off decisions about their property until they have a better feel for where the economy was heading.