Latest Realty News of Karnataka

Festive-season-will-have-little-to-cheer-realty-industry-
Oct 07, 2015
With affordability and safety of investment being the key for home buyers, the latest round of repo rate cut by the Reserve Bank of India (RBI) may see only a marginal improvement in demand and may not act as a catalyst to stimulate sales in this festive season.
Government-Says-REITs-to-Start-Functioning-Shortly
Oct 06, 2015
New Delhi: The Finance Ministry on Monday said it expects newly-created business structure REITs (Real Estate Investment Trusts) to start functioning shortly, a move which will give a boost to the realty sector.
Builders-go-to-CCI-against-cement-companies
Oct 06, 2015
NEW DELHI: The fight between builders and cement manufacturers has reached the Competition Commission of India (CCI), the fairplay watchdog. The Confederation of Real Estate Developer's Associations of India (Credai) has filed a complaint with CCI against cement manufacturers, accusing them of unduly increasing the cost of cement.
Credai-moves-CCI-against-cement-lobby;-NCR-Credai-boycotts-Lafarge;-Ultratech
Oct 06, 2015
NOIDA/ GURGAON: To control the cost of construction and make home prices work for the common man, the Confederation of Real Estate Developer's Associations of India, Credai, has moved the Competition Commission of India (CCI) against Cement Manufacturers who have been unduly increasing the cost of cement. Credai has also highlighted the violation by cement manufacturers of the Commission's "cease and desist" order of 2012. The 2012 order of CCI had held that the cement manufacturers had formed a
Coimbatore-residents-petition-collector-for-action-against-fraudulent-realtor
Oct 06, 2015
COIMBATORE: More than 50 people, of Kavundampalayam, Perianaickenpalayam and Karamadai petitioned the district collector Archana Patnaik on Monday, seeking action against a real estate promoter for swindling 1.50 crore.
SBI-home-loan-customers-to-get-only-50%-benefit-of-cut-in-base-lending-rate
Oct 05, 2015
MUMBAI: The euphoria over State Bank of India's 40 basis point (0.4 percentage point) reduction in interest rates is likely to get watered down considerably for home buyers. India's largest bank has said that the interest rate on new home loans will be only 20 basis points lower -less than half of the 50 basis point reduction in benchmark rates by the Reserve Bank of India.
Real-estate-meet-to-discuss-policies,-foreign-investment
Oct 04, 2015
MUMBAI: A two-day Real Estate & Infrastructure Investors' Summit on October 5 and 6 will discuss policy initiatives and foreign investment norms, key investment themes prevalent in the real estate sector and India's standing as a global investment destination.
Centre-all-set-to-launch-its-own-realty-portal
Oct 01, 2015
NEW DELHI: Move over property portals. The government is set to launch one of its own, initially with about 50,000 residential properties that you can bid for online. These are properties that debt recovery tribunals (DRTs) have allowed banks to sell through auction after their owners defaulted on loan repayment. The government portal, which is yet to go live, will provide details such as the pictures and floor area of the properties and allow anyone to bid directly after electronically making t
After-RBI-cuts-rate,-realtors-want-banks-to-cut-home-loan-rates-
Sep 30, 2015
MUMBAI: Real estate developers have welcomed the RBI's decision to cut repo rate by 50 basis points, but have also appealed to banks to pass on the benefits to consumers by easing the home loan rates. The reduction in the banks' lending rate is also expected to lower the borrowing cost of builders and ease the pressure on interest outgo.
Developers-want-banks-to-cut-rates
Sep 30, 2015
NEW DELHI: The sharp cut in repo rate is expected to give a fresh lease of life to the struggling real estate sector while lowering of risk weight for affordable housing loans is likely to add to the recovery.
RBI-cuts-interest-rate-more-than-expected-as-Rajan-"front-loads"
Sep 29, 2015
The Reserve Bank of India (RBI) cut its policy interest rate to a 4-1/2 year low of 6.75 percent on Tuesday, in a bigger-than-expected move that, with inflation running at record lows, could help an economy in danger of slowing down.
Challenge-for-new-civic-body:-Uniform-land-rule
Sep 28, 2015
KOLKATA: Drafting uniform land rules for all its areas seems to be one of the biggest tasks before the new Bidhannagar Municipal Corporation, once it starts functioning under a board of councillors from October. The challenge lies in the fact that the current norms for Salt Lake and Rajarhat are opposite of each other.
Won't-Buy-Cement-From-UltraTech,-Lafarge:-Industry-Body
Sep 27, 2015
New Delhi: Real estate developers body CREDAI's NCR chapter has decided against buying cement from UltraTech and Lafarge, alleging that the firms are indulged in cartelisation and malpractices.
Mhada-seeks-restoration-of-FSI-4-for-redevpt-of-its-Mumbai-colonies
Sep 26, 2015
MUMBAI: The Mumbai board of the Maharashtra Housing Area Development Authority (Mhada) has asked the government to restore the floor space index (FSI) for redevelopment of its colonies to four from the current three.
Govt-in-talks-with-World-Bank-for-funding-of-smart-cities,-AMRUT-plan
Sep 25, 2015
he World Bank is in talks with the government to provide some initial funding for the latter's smart cities programme and the Amrut initiative for urban revitalisation.
Affordable-realty-lures-buyers-to-Vizag-Vizianagaram-belt
Sep 24, 2015
VISAKHAPATNAM: Realtors in the districts of Visakhapatnam and Vizianagaram are rubbing their hands in glee as the demand for plots in the Vizag-Vizianagaram belt is witnessing a steady growth, which they claim is on account of the sharp increase in realty prices in the capital region of AP.
GMADA-auction-grosses-over-Rs-170-cr
Sep 24, 2015
MOHALI: Greater Mohali Area Development Authority (GMADA) earned more than Rs 170.93 crore through the auction of various commercial sites in the Sector-70, Community Centre on Wednesday. Commercial chunk, group housing, school, hotel and food court sites and Greater Mohali Area Development Authority (GMADA) were the top grossers.
CWG-Village:-DDA-to-penalise-Emaar-for-violating-FAR-norms
Sep 24, 2015
NEW DELHI: The Delhi Development Authority (DDA) is planning to penalise real estate major Emaar MGF, the project developer of Commonwealth Games Village, for violation in construction of the project.
US-investigating-Malaysian-Prime-Minister-over-role-in-real-estate-deals
Sep 23, 2015
The embattled prime minister of Malaysia, facing mounting political turmoil and a parade of inquiries at home and abroad into a sovereign wealth fund that he oversees, is now coming under the scrutiny of American investigators as well.
7,000-buyers-can-now-take-possession-of-Noida-flats
Sep 22, 2015
NOIDA: Ten housing projects caught in the legal wrangle of demarcating an eco-sensitive zone around the Okhla Bird Sanctuary have received completion certificates from the Noida Authority, paving the way for 7,000 buyers to take possession of their homes.
Developers-unhappy-about-rule-on-solar-panels-for-high-rises
Sep 22, 2015
MADURAI: The recent decision of the Tamil Nadu government to make solar power generation facility mandatory for buildings with more than four floors has not gone down well with many developers in the city, who are worried about the cost involved.
Blackstone,-GIC-and-others-bet-on-commercial-real-estate-market-making-a-comeback-
Sep 19, 2015
MUMBAI/BENGALURU: The commercial real estate market is making a comeback after being in the dumps for over three years, with recent deals and a healthy pipeline indicating early signs of recovery, especially with large transactions picking up.
States-queue-up-for-PM-Narendra-Modi's-Housing-For-All
Sep 18, 2015
NEW DELHI: Within three months of launch of Housing For All scheme, a key poll promise of PM Narendra Modi, states are queuing up to tap into the funds for slum redevelopment.
CBI-may-question-Kundu-on-money-laundering
Sep 17, 2015
KOLKATA: With the arrest of Rose Valley managing director Shibamoy Dutta, CBI sleuths say they may finally make certain inroads into how funds were siphoned off from the Ponzi firm.
Government-to-put-in-place-single-window-clearance-for-building-permissions-by-early-next-year
Sep 16, 2015
NEW DELHI: The central government is working on putting in place a single window time-bound clearance system for layout approvals and building permissions by the beginning of next year, housing and urban development minister M Venkaiah Naidu said.

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