Latest Realty News of Odisha

New-TDR-rules-to-soar-up-property-prices-in-Odisha:-Realtors
Feb 05, 2016
The drastic reduction of base floor area ratio (FAR) to 1.2 from earlier 1.5 to 2.75 in the newly notified Odisha Transferable Development Right Rules, 2015 is likely to soar up real estate property rates by 30-35 per cent in Odisha, realtors says.They have red flagged the reduction of FAR , the ratio obtained by dividing total covered area on all floors by the area of the plot, in the rules.
Indians-Third-Biggest-Investor-in-US-Property-Market:-Brokerage
Jan 29, 2016
New Delhi: Indians are the third biggest international investor community in the US realty market, global brokerage Sotheby's International Realty said.
Realtors-see-business-opportunity-from-Smart-City-projects-
Jan 29, 2016
NEW DELHI: Realtors' body CREDAI today hailed the selection of first 20 cities for 'Smart City' programme, saying the initiative would provide great opportunity for the real estate development, particularly in the affordable home segment, with improvement in infrastructure of these towns.
How-to-maximise-returns-from-commercial-realty
Jan 27, 2016
With over 70% of investors expecting improvement in sales over the next 12 months, the Indian realty market may be heading towards a revival in 2016, a research report by property consultant JLL India and Royal Institute of Chartered Surveyors (RICS) says. And surprisingly, Bengaluru has pipped the Natonal Capital Region to become the second preferred investment destination for the investors after Mumbai. But the positive sentiment is driven by rising demand for commercial realty, not for reside
How-delayed-delivery-costs-customers-buying-homes-on-loans-
Jan 20, 2016
2016 may be a good year to buy a home. Property prices have remained stagnant for almost a year. While the quoted inventory prices may not have changed, better deals are available in terms of spot discounts, flexible payment plans and freebies across most major residential markets. So, this may be the best time to haggle hard and book a property. "Right now, buyers can get up to 20% additional values in the form of freebies and discounts," says Muddasir Zaidi, national director, residential, Kni
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.
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.
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.
Building-height-clearance-now-a-click-away-in-Bhubaneswar
Jan 02, 2016
Bhubaneswar: Here is a good news for real estate developers, factory owners, civic bodies and energy department as they can get online height clearance from airport authorities for construction of buildings.
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.
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.
Go-Green-With-Credai-Plantation-drive-at-Bhubaneswar
Dec 21, 2015
Bhubaneswar: A plantation drive was organized by the Credai Odisha today here at Gajapatinagar where numerous dignitaries participated to support the cause. Ananta Narayan Jena, Mayor, Bhubaneswar, Priyadarshi Mishra, MLA and Akash Dasnayak, MLA & the Brand Ambassador of CREDAI Expo 2016 had attended the drive - ‘GO GREEN WITH CREDAI’.
Real-estate-developer-held-for-Rs-10L-land-fraud
Dec 19, 2015
Bhubaneswar: Police on Friday arrested real estate developer Ratikant Kanungo from Saheed Nagar here on charges of duping land buyers of more than 10 lakh. Kanungo is CMD of Shibani Estates and Promoters Ltd.
Chit-fund:-CBI-files-chargesheet-against-Real-Alliance-Estates
Dec 19, 2015
Bhubaneswar: CBI, which is probing the Odisha mega chit fund scam, on Friday filed a chargesheet against Real Alliance Estates Private Limited, a Ponzi firm, in the CBI special court here. CBI is at present probing the scams of 44 companies.
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.

Latest Realty News Of State

Realty Talk's