Latest Realty News of Maharashtra

Following-SC-observation,-real-estate-companies-say-building-plans-approved-only-after-environment-c...
Jan 18, 2016
NEW DELHI | MUMBAI | BENGALURU: Real estate companies in top metros have said that local government bodies approve building plans only after the project has been granted environment clearance. This follows the Supreme Court's Friday observation that housing projects must get environment clearance before work can start.
Govt-confident-of-getting-real-estate-bill-passed-in-budget-session
Jan 18, 2016
NEW DELHI: With lakhs of home buyers being exploited by private builders and developers, the government plans to bring the real estate bill to Parliament in the first half of the budget session and is confident of its passage.
Office-space-vacancy-dips-to-15%-in-2015-from-around-19%-in-2013-
Jan 16, 2016
MUMBAI: Showing faith in India's economic growth, corporate occupiers have been lapping up office spaces for their expansion, which is reflected in the decline in office vacancy levels across the country to 15% from around 19% in 2013. The sharpest fall in pan-India vacancy levels is expected in 2016 and 2017 when it will ease below 13%, said a JLL India report.
Sunil-Mantri-Resigned-as-Chairman-of-NAREDCO-in-October-
Jan 16, 2016
MUMBAI: Sunil Mantri, chairman & managing director of realty development company Mantri Realty, resigned as Chairman of industry body NAREDCO in October.
Head-of-PACL-Arrested-Over-Alleged-Rs-45,000-Crore-Investment-Scam
Jan 09, 2016
New Delhi: Central Bureau of Investigation (CBI) on Friday arrested the founder of PACL Ltd over allegations the property company cheated investors of $6.8 billion (about Rs 45,000 crore), in what local media is calling the country's biggest financial scandal.
Housing-Project-Launch-Prices-Drop-up-to-20%-in-3-Metro-Cities:-Report
Jan 05, 2016
Mumbai: Developers in certain micro markets of metros like Delhi-NCR, Mumbai and Bengaluru witnessed a drop of 4-20 per cent in launch prices of residential projects in 2015 over the previous two years, according to a report by property consultant Cushman & Wakefield.
Dubai's-Emaar-Properties-Hires-Contractor-to-Restore-Fire-Ravaged-Hotel
Jan 04, 2016
Dubai's Emaar Properties has hired a local contractor to restore a fire-damaged hotel, stating on Sunday that the New Year blaze would have "no material impact" on the company because the building and risk of fire are covered by its insurance.
PEs-may-pump-in-more-money-in-real-estate-this-year-
Jan 02, 2016
MUMBAI/NEW DELHI: Real estate companies are expected to raise more money from private equity funds in 2016 than last year after the government simplified foreign direct investment norms for the sector last year.
Simpler-green-norms-for-real-estate;-environment-ministry-looking-to-decentralise-approval-powers
Jan 01, 2016
NEW DELHI: In the New Year, India's somnolent real estate market may finally get a much needed boost — builders may have to comply with only 12 to 24 environmental norms, depending on project size, instead of the 100 green rules that were originally proposed.
Realty-Sector-Eyes-New-Year-to-End-Multi-Year-Slowdown
Dec 30, 2015
New Delhi/Mumbai: With a multi-year slowdown continuing in 2015 despite abundant supply and fall in prices, the real estate market is desperately looking for a recovery in the New Year when a new law is also expected to herald the much-needed transparency and accountability in the sector.
Delhi-HC-issues-notices-to-CCI,-CREDAI-and-20-realty-developers-over-cartelisation,-matter-to-be-hea...
Dec 30, 2015
MUMBAI: Realty developers' troubles regarding allegations of cartelisation have got murkier as the petitioner has now moved the Delhi High Court against competition watchdog Competition Commission of India (CCI) itself.
Hong-Kong-Apartment-Sells-for-Record-$77-Million:-Report
Dec 28, 2015
Hong Kong, China: A luxury apartment in Hong Kong sold for a record 594.7 million Hong Kong dollars ($76.7 million), days before Christmas, making it the most expensive flat in the city and possibly in Asia, reports said on Friday.
China's-Home-Prices-Continue-to-Rise
Dec 27, 2015
Beijing: China's housing market continued to rise in 2015 signalling further stabilisation, according to an industry report issued on Saturday.
Credai-Visakhapatnam-to-hold-Property-Expo-from-25-Dec-2015
Dec 24, 2015
VISAKHAPATNAM: The Visakhapatnam chapter of Confederation of Real Estate Developer's Association of India (Credai) is to hold the second Vizag Property Expo 2015-16 from December 25 to 27 at Visakha Function Hall in the city.
Lodha-Group-eyes-growth-in-commercial-realty-space-
Dec 23, 2015
MUMBAI: Lodha Group, the country's largest realty developer by sales, is now carving out a new vertical with strategic focus on commercial property developments. The group that has so far concentrated on residential development is looking to increase its presence in office space as well.
HDIL-Sells-Development-Rights-on-Kurla-Land-Parcel-for-Rs-649-Crore
Dec 22, 2015
Mumbai: Realty player Housing Development and Infrastructure Ltd (HDIL) has sold development rights on its land parcel at Kurla to DK Realty (India) for Rs 649.51 crore.
Reliance-Communications-Sells-150-Flats-for-Rs-330-Crore
Dec 22, 2015
New Delhi: Reliance Communications on Monday said it had sold nearly 150 residential flats in Navi Mumbai for Rs 330 crore as part of its asset monetisation plans aimed at lowering debt.
US-Housing-Data-Signals-Economic-Strength
Dec 17, 2015
US housing starts in November rebounded from a seven-month low and permits surged to a five-month high, signs of strength in the housing market that could give the Federal Reserve more confidence to raise interest rates on Wednesday.
Indian-Realty-Market-Regains-Favour-of-Foreign-Investors:-PwC
Dec 17, 2015
Mumbai: A relaxed FDI (foreign direct investment) policy for the realty sector has reinforced the confidence of overseas investors and has helped India regain its place as one of the preferred investment destinations, according to a survey by PwC.
Hotel-Leelaventure-Completes-Rs-725-Crore-Goa-Property-Sale
Dec 15, 2015
New Delhi: Hospitality chain Hotel Leelaventure on Monday completed the Rs 725-crore sale of its Goa property to Ceres Hotels.
Cabinet-Okays-Changes-in-Real-Estate-Bill-to-Protect-Home-Buyers
Dec 10, 2015
New Delhi: The Union Cabinet on Wednesday approved the Real Estate (Regulation and Development) Bill, 2015 which will now be taken up for consideration by the Parliament. Chaired by Prime Minister Narendra Modi, the Cabinet gave the nod to the Real Estate (Regulation and Development) Bill, an initiative to protect the interest of consumers, promote fair play in real estate transactions and to ensure timely execution of projects.
Developers-to-Deposit-70%-of-Project-Cost-in-Separate-Account
Dec 10, 2015
New Delhi: The government on Wednesday reached out to the Opposition including the Congress by agreeing to incorporate in the Real Estate (Regulation and Development) Bill 2015, a provision requiring real estate developers to deposit 70 per cent of the project cost in a separate escrow account.
Housing-Prices-Down-15-20%,-No-Scope-for-Further-Cut:-Industry-Body
Dec 10, 2015
New Delhi: Housing prices have fallen by an average 15-20 per cent across the country in last 18 months and there is no scope for further reduction, realtors' apex body CREDAI said on Wednesday.
Maha-govt's-realty-projects-approvals-ease-to-help-make-housing-affordable:-JLL-India-
Dec 09, 2015
MUMBAI: The Maharashtra government's efforts towards reducing the number of approvals needed for a realty project is expected to make private housing relatively affordable. The move is also expected to ease developers' cash flow issues as approvals for their projects will be faster, said JLL India in a report.
Hyderabad-most-affordable-metro-for-homes-
Dec 09, 2015
NEW DELHI: Hyderabad remains the most affordable metro for home buyers, followed by Ahmedabad and Kolkata.

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