Latest Realty News of Bihar

PMC court orders part demolition of 4 buildings
Sep 11, 2014
The Patna Municipal Corporation (PMC) court on Wednesday ordered demolition of illegal parts of four buildings in the city within a month
Govt set to give SEZs a fresh lease of life
Sep 11, 2014
India’s special economic zones (SEZs), stranded for want of state patronage over the past three to four years and which have plunged into a crisis, are likely to regain ground
Don't rush to switch banks for lower home loan rate, advise experts
Sep 10, 2014
Despite some large banks and housing finance companies reducing home loan rates a few days ago, industry-observers and planners are advising borrowers to adopt a wait-and-watch approach instead of hurriedly switching lenders.
Draft Patna Master Plan Lacks Teeth: Narendra Kumar
Sep 08, 2014
Patna: Bihar’s real estate sector is plagued by many loopholes. Absence of clear-cut EWS housing policy with lack of visibility from the government’s end to provide affordable housing mars the already beleaguered sector in the state. Even the Draft Master Plan got recently released is not up-to-mark, says Narendra Kumar, President, CREDAI-Patna.
CM vows policy for homestead land rights to Mahadalits
Sep 08, 2014
Chief minister Jitan Ram Manjhi announced here on Sunday that the state government will formulate a policy to give homestead land rights to the homeless Mahadalits across the state. He was addressing a Mahadalit Adhikar Sammelan at Chulhaichak locality of the state capital
Singapore firms offer green buildings for Vijayawada
Sep 08, 2014
With the Andhra Pradesh government announcing its capital city, all eyes are now on the Vijayawada, Guntur, Tenali and Mangalagiri (VGTM) region. Singapore builders are thronging the area to forge tie-ups with local firms to erect pre-cast green buildings for fast-paced development
Milestone to launch Rs 500-cr fund for housing projects
Sep 08, 2014
PE firm Milestone Capital Advisors Ltd, which focuses on residential and commercial projects, has launched its 10th fund that would focus on mid-size residential projects
dna edit: Realty check
Sep 08, 2014
Though there is nothing particularly alarming about the steep fall in Indian property prices, a price correction in the high-end segment should be welcome
Real estate revival may begin this festive season
Sep 07, 2014
This could be the beginning of a revival in the real estate sector. After two dry festival? seasons for property launches, developers are gearing up for action this time
MoEF Pushes States to Set up Land Banks to Expedite Green Clearances
Sep 06, 2014
To minimise the delay in granting clearance to forest diversion proposals for infrastructure projects, the Ministry of Environment and Forests (MoEF) has issued an advisory to all the states asking them to set up a land bank of degraded, non-degraded and non-forest land so that projects are not held up on account of the search for non-forest land to carry out compensatory afforestation
Reverberations in Goa from China’s property market collapse
Sep 06, 2014
Bankers and investors around the world are extremely nervous these days—the latest data from China indicates an increasingly bleak scenario is rapidly accelerating into focus.China's property market is teetering on the brink of disaster.
Patna Municipal Corporation orders demolition of illegal parts of 3 buildings
Sep 05, 2014
The Patna Municipal Corporation (PMC) has decided to demolish illegal parts of three buildings within a month. PMC commissioner Kuldip Narayan pronounced the order on Thursday after hearing vigilance cases against illegal highrise buildings in the city
Tata Value Homes sells 85 flats on Snapdeal within a week
Sep 05, 2014
E-commerce is no longer limited to apparels, gadgets and white goods — consumers are even buying houses over the internet. Tata Value Homes, a subsidiary of Tata Housing Development Company, for instance, sold about 85 flats on Snapdeal within a week of putting some of its projects online
Indian real estate market saw significant change during 2005-14: Report
Sep 05, 2014
Indian real estate market witnessed a significant change in the last decade mainly backed by opening up of FDI in the sector and shift in preference to high-rises over traditional low-rise structures, according to a report
Fixed-rate home loans back
Sep 05, 2014
ICICI Bank has brought back fixed-rate mortgages. The bank is offering home loans up to 10 years at a fixed rate of up to 10.25%, which is close to 10.15% it charges its floating-rate customers
Now, textile major Arvind aims to be real estate brand too
Sep 05, 2014
From being synonymous with the words like ‘denim’ and ‘textiles’, brand Arvind is on its way to establish itself as a formidable real estate brand too
Chief Ministers' Conclave on Housing on Sep 12
Sep 04, 2014
A special comclave of chief ministers is to be held in the national capital Sep 12 to push the agenda of housing for all by 2022, said the National Real Estate Developers' Council (NAREDCO) here
Luxury homes in Pune beat affordable ones in demand
Sep 04, 2014
The city's high-end residential segment has shown a smart 39% rise in capital value in the 2011-14 period — the highest any market has shown in the country, a report by real estate advisory company Cushman & Wakefield has said
134 licences issued to builders in three months before polls
Sep 04, 2014
With the model code of conduct set to kick in anytime, the Haryana state government seems to be in a hurry to issue licences to builders
Narayana Murthy invests in realty, Azim Premji to follow suit
Sep 04, 2014
Property has always been a major investment avenue of the rich. Now, some of the people one would expect to focus on enterprising ventures are also looking at rent-yielding property
Rise of property prices slack in city
Sep 04, 2014
The prices of residential property in Mumbai witnessed a 16 per cent increase over the last three years as compared to 41 per cent and 28 per cent in Bengaluru and Pune, respectively, according to the latest report from global real estate consultant, Cushman & Wakefield
Oriental Bank of Commerce Cuts Interest Rate on Home Loan
Sep 04, 2014
Oriental Bank of Commerce (OBC) on Wednesday cut home loan rate by 0.5 per cent to 10.25 per cent
Master plan promotion for feedback
Sep 03, 2014
The urban development and housing department has decided to launch a publicity blitz to make Patna residents aware of the master plan after it failed to garner enough public response
Meet to enlist the homeless
Sep 02, 2014
In order to help the homeless get shelter and other aid from the government, knowing the exact number of such people in Ranchi is certainly the starting point
Brigade, Singapore's GIC to invest $248 mln in Indian property sector
Sep 02, 2014
Indian developer Brigade Enterprises (BRIG.NS) and Singapore's sovereign wealth fund GIC Pte Ltd have agreed to jointly invest 15 billion rupees ($248 million) in residential real estate projects in south India, the companies said

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