Latest Realty News of Karnataka

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.
50-real-estate-agents-attack-online-realty-startup's-office-in-Bengaluru
Sep 16, 2015
BENGALURU: More than 50 real estate agents and brokers on Tuesday morning attacked the headquarters of NoBroker, a home rental startup, at HSR Layout in southeast Bengaluru. They picketed the online house-hunting marketplace and shouted slogans, saying the company was ruining their livelihood.
Consumption-of-construction-chemicals-is-set-to-go-up-in-India
Sep 15, 2015
Rapid urbanisation is setting the pace of the Indian construction industry and, by extension, the construction chemicals market. The government’s ambitious ‘Housing for All’ and ‘100 Smart Cities’ programs are key growth drivers for the construction chemicals sector.
Foreign-real-estate-investors-have-become-more-realistic-about-Indian-market
Sep 14, 2015
NEW DELHI: The real estate market in India has matured after the slowdown and investors now have a more realistic view about returns these days, says Robert Marten, managing director, Global Real Estate Institute (GRI), a global club of senior real estate investors, developers and lenders.
Groundwater-extraction:-NGT-acts-tough,-14-builders-get-notice
Sep 14, 2015
NEW DELHI: Unauthorized harnessing of groundwater for construction purposes has caught the National Green Tribunal's attention which has issued notice to 14 builders in Delhi-NCR for extracting water flouting rules.
Trio-arrested-for-faking-e-signature
Sep 12, 2015
MUMBAI: Three persons from Delhi and Pune were arrested on Thursday for forging digital signatures and presenting themselves as a company's directors on the Ministry of Corporate Affairs (MCA) website. The signatory details of the directors were suddenly changed in March and three new persons were fraudulently shown as directors.
Realty-expo-will-get-under-way-today-in-Mysuru
Sep 11, 2015
MYSURU: The Mysuru Unit of Builders Association of India (BAI) in association with Centre and Confederation of Real Estate Developers Association of India will organize MyReality 2015, a four-day property expo at Jayamma Govinde Gowda Convention Hall in Kuvempunagar from September 10.
Noida-rushes-to-monitor-water-use-after-NGT-rap
Sep 10, 2015
NOIDA: Following a rap from the National Green Tribunal (NGT) for their failure to restrain builders from extracting groundwater, the Noida and Greater Noida Authorities have swung into action.
Green-Tribunal-order-on-housing-puts-developers-in-a-bind
Sep 09, 2015
The National Green Tribunal on Tuesday made it mandatory for developers to get environmental clearance for projects above 20,000 sq m.
LIC-Housing-Finance-to-raise-up-to-Rs-47,000-crore
Sep 08, 2015
LIC Housing Finance Ltd (LHFL) today said it will raise up to Rs 43,000 crore via non-convertible debentures on private placement basis
Affordable-housing:-Sector-may-get-infra-tag-if-Realty-Bill-gets-passed
Sep 08, 2015
Affordable housing might stand a chance to get the much-sought-after infrastructure tag provided the Union government passes the Bill to regulate the realty sector.
Unsold-inventory-may-force-realtors-to-cut-prices-in-NCR-
Sep 08, 2015
NEW DELHI: A slump in home sales has pushed builders' inventory to 'unsustainable levels' in the National Capital Region of Delhi, creating conditions for a real price correction that developers have so far avoided, experts say.
Residents-urge-PM-to-clear-real-estate-bill-soon
Sep 08, 2015
NOIDA: The Confederation of NCR Residents Welfare Associations (CONRWA) has once again urged Prime Minister Narendra Modi for the quick passage of the real estate regulatory bill.
Three-new-cases-against-Vigneshwara
Sep 07, 2015
GURGAON: Three police cases were filed on Sunday against Vigneshwara Developers at Sushant Lok I police station.
Worried-about-buying-property?-Go-online
Sep 05, 2015
BENGALURU: Want to buy property but not sure if the information you have is credible? You will soon have details of the transaction history, measurement and land-use conversion at your fingertips.
Sorake:-Govt-didn’t-have-a-say-in-choosing-Smart-City-nominees
Sep 04, 2015
BELAGAVI: Urban development minister Vinay Kumar Sorake on Wednesday said the six cities of the state chosen for the Smart City project made the cut by scoring the highest in the assessment made based on guidelines of the central government.
Bengaluru-property-taxes-may-go-up-20%;-proposal-to-be-placed-before-government-today-
Sep 03, 2015
BENGALURU: The BBMP is proposing a 20 per cent raise in property taxes to cover the large gap in its revenues and expenditure. The civic body will send the proposal to the government on Thursday. "We are proposing the revision effective from April 1, 2016," BBMP Administrator TM Vijay Bhaskar told ET. He added that the property taxes in the City have not been revised since 2008 when the civic body introduced a self-assessment scheme for property taxes.

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