Latest Realty News of Tamil Nadu

Sebi prohibits two realty firms from raising funds
Nov 25, 2014
Mumbai: Clamping down on unauthorised real estate investment plans, Sebi barred two real estate companies as well as their directors from raising funds from public
India needs 25 million housing units, will touch 38 million by 2030
Nov 25, 2014
New Delhi: The EWS Housing scheme alone requires 23 million units, even as The Delhi Development Authority (DDA) has launched its biggest housing scheme
Real Estate Bill Won't 'Strangulate Pvt Investment': Venkaiah Naidu
Nov 24, 2014
NEW DELHI: Union Minister Venkaiah Naidu assured that the proposed Real Estate Bill will not "strangulate private investment"
Blackstone to buy GE's real estate in Japan for $1.6 bn
Nov 22, 2014
Tokyo: US private equity firm Blackstone said it would buy the residential real estate arm of General Electric's property unit in Japan for more than 190 billion yen (USD 1.6 billion)
‘Real estate development and focus on affordable housing will keep growing’
Nov 21, 2014
Mumbai: With land in possession for building over 50 million sq ft, the real estate arm of the Shapoorji Pallonji is now shifting focus to the residential space
Vikram Pandit, JM Financial to invest Rs900 crore in real estate NBFC
Nov 20, 2014
Bengaluru/Mumbai: Vikram Pandit, former chief executive officer of Citigroup Inc., and Mumbai-based JM Financial Ltd are investing Rs.900 crore in the latter’s real estate-focused non-banking financial company (NBFC)
Global firms in talks to invest in Indian realty
Nov 20, 2014
New Delhi: Property and equity firms from Malaysia, Singapore and other Asian countries are weighing the Indian real estate market
Another boost for Chennai realty: Indiabulls buys 10-acre commercial building for Rs 600 cr
Nov 20, 2014
Chennai: In one of the biggest commercial deals in South India, Indiabulls Distribution Services Ltd, a subsidiary of Indiabulls Securities Ltd, has bought a 10 acre commercial complex in Chennai for Rs 600 crore
Probe against realty firms is in progress: CCI chief Ashok Chawla
Nov 20, 2014
NEW DELHI: Competition Commission of India said the probe into suspected unfair business practices by around 20 realty players is in progress
Steve Waugh launches real estate agency to sell luxury houses to Indian expats
Nov 20, 2014
Waugh Global Realty to sell off-the-plan investment properties, largely apartment complexes in the outer suburbs of India's big cities
Mumbai top investment destinations among UAE based Indians
Nov 19, 2014
DUBAI: Despite high property prices, India's commercial capital Mumbai has once again emerged as the most popular and attractive property investment hotspot amongst the UAE-based Indian expats
Realty players’ profits rise as consumer sentiment improves
Nov 18, 2014
Mumbai: Muted growth continues for listed real estate players pan-India, with most companies reporting a marginal rise in net profit for the second quarter
Govt funds only for performing cities, states: Venkaiah Naidu
Nov 14, 2014
Ahmedabad: Union minister for urban development, housing and urban poverty alleviation Venkaiah Naidu said that in coming days central government will fund only those states or cities which are ready for reform and have good performance record
Realty sector wants stimulus package
Nov 13, 2014
Tiruchirapalli:The Confederation of Real Estate Developers Association of India (CREDAI) has urged the government to come up with a stimulus package for rejuvenating the realty sector
S&P, MSCI to make real estate a new index industry sector
Nov 12, 2014
A change in the way publicly traded companies are categorized will result in the creation of a separate real estate sector
Industrial corridors around Coimbatore drive realty
Nov 11, 2014
Coimbatore: The fast developing Coimbatore-Tirupur-Erode Industrial Corridor is all set to give a boost to realty in Coimbatore
Less than one Per Cent of Buildings in George Town are Without Violations, Says Chennai Corporation
Nov 08, 2014
CHENNAI: Less than one per cent of buildings in George Town area are built without any violations, according to a preliminary survey carried out by Chennai Corporation
Black money: New trail in tax haven probe leads to cash, property in UK, UAE
Nov 07, 2014
New Delhi: The government’s crackdown on black money parked abroad has received a boost with tax authorities unearthing fresh evidence exposing real estate assets and large amounts of cash routed illegally
Govt to issue clarification on FDI in construction
Nov 07, 2014
New Delhi: The government will soon issue some clarifications on the rules for foreign direct investment (FDI) in construction
Aadhaar can curb black money in real estate
Nov 07, 2014
Finance Minister Arun Jaitley, in an interview, said that to curb the use of black money in property deals, the Government is considering linking real estate transactions with Aadhaar
Urban housing deficit more than 18 million: Vennkaiah Naidu
Nov 07, 2014
New Delhi: India has been assessed to have a deficit of about 18.78 million housing units in urban areas, and more than 95 per cent of the same pertain to economically weaker sections and low income groups
Japanese co to build houses in India in JV; to invest Rs 6k cr
Nov 06, 2014
New Delhi: In the first Japanese entry into the Indian property market, Tama Home announced construction of 12-18 projects at an investment of Rs 6,000 crore
Land acquisition law may be eased for PPP projects
Nov 05, 2014
New Delhi: The National Democratic Alliance government is planning to exempt public-private partnership (PPP) projects from the need to obtain consent of affected families and the mandatory social-impact assessment, through amendments to the land acquisition law
Chennai Tops in Housing Price Gains: Report
Nov 05, 2014
Chennai: Though the housing market overall in the country has remained sluggish over the past year, it has shown sharp gains in Chennai according to National Housing Bank
Singapore-based engineering group focuses on Indian smart cities
Nov 04, 2014
SINGAPORE: A Singapore-based engineering consultancy is planning to set up Centres of Excellence in smart cities

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