Latest Realty News of Maharashtra

Carlton-House-to-become-legislators'-club?-Storm-brews-on-social-media
Aug 17, 2015
Months after the proposed plan to demolish Balabrooie Guest House to build a club for legislators was scrapped following a public outcry, deputy speaker NH Shivashankara Reddy told media that Carlton House, another heritage building, would be converted into the proposed club. Carlton House is situated on Palace Road, off Vidhana Soudha.
Cash-strapped-builders-turn-to-PEs,-NBFCs-to-refinance-debt
Aug 14, 2015
BENGALURU/MUMBAI/NEW DELHI: Real estate developers are increasingly turning to private equity investors and non-banking finance companies to refinance massive debts due to sluggish home sales in the last couple of years and banks becoming cautious about lending to the industry
BDA-illegally-Parks-Funds-In-MFs,-Other-Agencies
Aug 12, 2015
BENGALURU: Can money raised by the Bangalore Development Authority from aspiring site owners be parked in high-risk investment instruments like mutual funds, though the plots remain elusive for years? Can the agency tasked with ensuring sustainable and orderly growth of Bengaluru resort to unauthorized monetary transfers to assorted government agencies like the Coffee Board, Bangalore Metro Rail Corporation and Karnataka Backward Classes Department Building Construction Society which builds stud
No-Safety-in-City's-Buildings
Aug 12, 2015
As real estate prices skyrocket and renting out a house in the city gets increasingly difficult, many tenants are opting for illegal structures that are comparatively cheaper. Monday's incident at Teynampet, where a three-storey residential building on Bhaktavachalam Street tilted, once again exposed the risk of illegal buildings in the city. Taking no chances, Corporation of Chennai has decided to demolish the structure.
Real-Estate-Bill-Clears-Govt-Of-Blame,-Worries-Some-Builders
Aug 11, 2015
Panaji: The Real Estate (Regulation and Development) Bill, 2013, which is still pending in Parliament, has the Goan real estate industry worried. While stakeholders agree that the bill, once passed, will bring clarity and confidence into the real estate market, developers are wary about the lack of onus placed on the government, which they feel, is an important stakeholder in the real estate economy.
Real-Estate-Bill:-Growth-of-the-sector-can’t-be-at-the-cost-of-consumers
Aug 08, 2015
The report of the Parliamentary Select committee on the Real Estate (Regulation and Development) Bill, 2013, tabled on the floor of the Rajya Sabha has not only rectified the many dilutions that were made to the original Bill, it has also built in additional safeguards to regulate all kinds of transactions between home-buyers and builder
End-users,-investors-keep-Pune-housing-market-alive-in-Q1
Aug 07, 2015
The demand from both end user and investors precisely in the mid-range segment kept the overall Pune residential market positive during the quarter ended June, showed a report by property consultancy Colliers International.
3-Ghansoli-land-plots-in-Navi-Mumbai-fetch-Rs-221-crore
Aug 07, 2015
NAVI MUMBAI: Three land tender plots of Cidco in prime locality of Ghansoli, sector 8, were on Thursday sold to the highest bidders for rates as high as Rs 1.61 lakh per sq metre, fetching the state agency a total revenue of Rs 221 crore through these sales.
FICCI-experts-to-assist-Nagpur-Municipal-Corporationin-for-Smart-City
Aug 07, 2015
NAGPUR: The cash-strapped Nagpur Municipal Corporation moved one step ahead as far as its dream of getting central funds under Smart City project is concerned.
Affordable-home-launches-up-320%,-developers-offer-7,000-affordable-units-in-first-quarter-
Aug 06, 2015
NEW DELHI: The real estate market in the country's top eight cities recorded a 320% year-on-year jump in affordable home launches in the quarter to June, according to a report by property advisory Cushman & Wakefield, indicating a shift in strategy by builders to beat the slump.
RBI-policy-desolates-realtors;-want-rate-cut-to-boost-sector
Aug 04, 2015
Real estate industry on Tuesday expressed disappointment over RBI's decision to keep the key interest rates unchanged, saying rate cuts were required to boost manufacturing and property sectors.
PE-investment-in-realty-rises-16-per-cent-to-Rs-6,010-crore-in-Jun-quarter
Aug 03, 2015
NEW DELHI: Private equity (PE) investment in the real estate sector rose by 16 per cent to Rs 6,010 crore in April-June period as developers raised funds to complete existing projects on account of slow sales, says a report.
Pune-steals-a-march-over-Delhi-in-residential-realty
Jul 29, 2015
PUNE: Sales and new project launches in the country's real estate sector are recording a dip, but analysts observe that Pune continues to see an increase in sales and prices.
MMR-housing-market-records-worst-half-year-post-global-financial-crisis
Jul 28, 2015
MUMBAI: Housing market in Mumbai Metropolitan Region has recorded worst half-yearly performance since global financial crisis in 2008 with around 2 lakh unsold homes and weakening sales, showed a report released by Knight Frank India for the period ending June.
Fullerton-India-receives-housing-finance-licence-from-NHB
Jul 23, 2015
Mumbai: Non-banking finance company Fullerton India on Thursday announced the receipt of housing finance licence from National Housing Bank.
'Housing-for-all'-project-to-give-Indian-economy-a-much-needed-boost
Jul 23, 2015
MUMBAI: The Housing for All (HFA) project will give the Indian economy a much needed boost. However, its success will depend on the ramping up of the existing urban infrastructure, fast tracking of approval processes and also targeting the actual beneficiary, says India Ratings and Research (Ind-Ra).
Government-nod-made-must-for-plot-sale-in-Himachal-Pradesh
Jul 21, 2015
SHIMLA: The Himachal Pradesh government has made seeking prior approval mandatory before registration of a plot's sale deed. In order to ensure the planned and regulated development in all areas, the state government has decided to ensure strict enforcement of the Town and Country Planning Act and its rules
Credai-aims-at-new-synergy-between-government,-real-estate-players
Jul 17, 2015
COIMBATORE: Credai is aiming to establish a new synergy between real estate developers and government, while rallying its support to push for a single window clearance system, industry body's National President Gitambar Anand said today.
Land-bill-not-to-affect-real-estate-developers:-CREDAI
Jul 17, 2015
COIMBATORE: The proposed Land Acquisition Bill would in no way impact the real estate sector in the country, CREDAI said today.
State-Bank-of-India-ties-up-with-Bankbazaar.com-for-home-loans
Jul 14, 2015
PUNE: State Bank of India (SBI) has entered into a tripartite memorandum of understanding (MOU) with online financial product aggregator bankbazaar.com and the bank's subsidiary SBI CAP Securities Ltd. (SSL) to display its housing loan products on the bankbazar website.
DC-sets-up-Gurgaon-Arbitration-Council-for-builder-disputes
Jul 13, 2015
GURGAON: A Gurgaon Arbitration Council (GAC) was constituted as ombudsman to resolve disputes between consumers and builders on Sunday at a meeting attended by builders, administration officials and RWAs.
ICICI-Bank-gets-inquiries-for-its-housing-finance-company,-may-sell-soon
Jul 11, 2015
Country's largest private sector lender ICICI Bank on Friday said it has received enquiries from potential suitors for its housing finance arm, and is expected to soon take a call on it.
EPFO-plans-housing-scheme-for-members,-says-labour-minister-Bandaru-Dattatreya
Jul 11, 2015
NEW DELHI: Retirement fund body EPFO is considering a scheme for its subscribers so that they are able own a house by retirement, labour minister Bandaru Dattatreya said on Friday.
Dip-in-borrowing-cost,-affordable-housing-to-boost-house-purchases-in-2015
Jul 08, 2015
MUMBAI: Declining borrowing costs, improving employment outlook and availability of affordable housing projects are encouraging prospective home buyers to purchase new properties in 2015, a survey has said.
New-home-purchase-sentiment-strongest-in-4-years:-ZyFin-Research
Jul 06, 2015
NEW DELHI: Consumer sentiment about buying a new home is currently the strongest in four years, according to ZyFin Research's New Home Purchase Sentiment Index.

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