Latest Realty News of Uttar Pradesh

Naidu-writes-to-CMs-for-proper-implementation-of-Realty-Act
May 02, 2017
NEW DELHI: On the day when the much-awaited Real Estate Act came into force, Union urban development minister M Vankaiah Naidu wrote to the state chief ministers saying that they should ensure quick a proper implementation of the Act.
Odisha-Cabinet-approves-Real-Estate-rules
Feb 24, 2017
BHUBANESWAR: The State Cabinet approved the Real Estate (Regulation and Development) rules, 2017 at its meeting on Wednesday, Housing and Urban Development Minister Pushpendra Singhdeo announced in the Assembly on Thursday.
Home-buyers-can-directly-approach-NCDRC-against-builders-by-forming-registered-associations:-SC
Feb 22, 2017
NEW DELHI: Clearing the way for homebuyers planning to file complaints against builders in the National Consumer Disputes Redressal Commission (NCDRC) through an association route.
Strong-rental-market-is-key-to-Chennai-realty’s-growth
Feb 22, 2017
Chennai has grown exponentially in recent decades. It attracts an endless sea of people who keep moving in to the city, primarily for career and educational prospects.
K-Raheja-Corp’s-IT-building-at-Whitefield,-Bengaluru-gets-USGBC-Gold-LEED-Rating
Feb 20, 2017
K Raheja Corp, India’s leading real estate developer has received the Gold Leadership in Environment and Energy design (LEED) certification from the US Green Building Council for its IT building at Whitefield, Bengaluru.
Piramal-Fund-Management-sanctions-Investments-of-around-INR-2000-Crore
Feb 15, 2017
15 February 2017 : Piramal Fund Management (PFM), the financial services division of Piramal Enterprises, has sanctioned investments worth approximately INR 2000 Crore within three months of launching Flexi Lease Rental Discounting (LRD) for completed commercial assets that include office and retail space.
Government-Rules-Out-Tax-Incentive-Beyond-Rs.-2-Lakh-For-Second-Home
Feb 04, 2017
New Delhi: Ruling out rollback of the proposal to restrict tax incentive for second home to Rs. 2 lakh per annum, Revenue Secretary Hasmukh Adhia on Saturday said there is no point in subsidising purchase of second property by those who have surplus funds.
Union-Budget-2017-gives-infrastructure-status-to-affordable-housing
Feb 01, 2017
In Union Budget 2017,Finance Minister Arun Jaitly reserved his best for the real estate sector,which witnessed a slump post demonetization.
Odisha-capital-city's-growth-linked-to-real-estate-developers
Jan 21, 2017
BHUBANESWAR: Real estate developers have contributed a lot for the fast development of the Capital City by providing facilities of metro life under one roof, said Vice-Chairman of Bhubaneswar Development Authority (BDA) Dr Krishan Kumar.
Property-cards-issued-by-South-corporation
Dec 21, 2016
NEW DELHI: South corporation on Wednesday started distribution of Unique Property Identification Code (UPIC) cards along with inaugurating the "Link your Record" programme for residents in its jurisdiction.
JSW-Cement-launches-Heavy-Duty-Concreel-HD-Cement
Oct 21, 2016
Hyderabad : With its unceasing efforts in expanding its horizons and giving something new and beneficial to the society, JSW Cement, one of India’s leading cement has added to its foray, a superior quality product called as Concreel HD -One Cement Six Strengths.
Hyderabad-has-huge-potential-for-modern-retail:-Knight-Frank
Sep 08, 2016
Knight Frank India today launched the first edition of its report on Hyderabad retail sector titled – Hyderabad Retail: Unlocking the Potential. The reportlooks into the emerging trends in multi-channel retailing, shopping centers and new formats.
DLF-could-look-at-tweaking-residential-business-model-post-notification-of-RERA-rules-
Aug 31, 2016
NEW DELHI: real estate firm DLF is waiting for the final rules under the real estate regulatory act to be notified to see how it can tweak its business model going forward, said Saurabh Chawla, senior executive director (finance) at DLF during a call with analysts.
Revival-of-real-estate-sector-is-top-priority-of-the-government:-Ravi-Shankar-Prasad-
Aug 20, 2016
NEW DELHI: The government is willing to provide more incentives for the well-being of the real estate and construction sectors but it has to become more proactive and sensitive towards constructing low-cost housing with high quality for intended beneficiaries, said Ravi Shankar Prasad, minister of Law & Justice, Electronics & Information Technology.
'Over-2-lakh-houses-built-under-central-schemes-in-2-years'-
Aug 11, 2016
NEW DELHI: The minister of state for housing and urban poverty alleviation Rao Inderjit Singh told Lok Sabha on Wednesday that 2.24 lakh homes have been constructed for urban poor under the old and new housing programmes during the last two years.
Amaravathi-has-the-potential-to-become-a-world-class-city:-Knight-Frank-
Aug 09, 2016
Hyderabad, August 04, 2016: Knight Frank India, the leading global property consultants today released an exhaustive report on the two upcoming state capitals--Amaravathi & Naya Raipur.
Under-construction-flat-to-cost-more-after-GST-Bill-is-rolled-out
Aug 05, 2016
NEW DELHI: Prices of underconstruction apartments may rise by up to 5-10% when the Goods and Services Tax (GST) is rolled out. But, prices of completed apartments will not be affected as GST will not be applicable there.
GST-To-Benefit-Realty-Sector,-Lower-Tax-Burden:-Developers
Aug 04, 2016
New Delhi: Implementation of the Goods and Services Tax (GST) law will have a positive impact on the real estate sector with expected reduction in its tax burden, according to property developers and consultants.
Affordable-home-loans-to-witness-strong-growth:-Moody's-
Jul 26, 2016
The underwriting practices of lenders are vital to controlling credit risk in India's affordable housing loans segment, which is set to grow strongly over the next few years as the government tries to increase home ownership among underprivileged groups, says Moody's Investors Service.
Real-estate:-Should-you-opt-for-a-'book-now-and-pay-later'-scheme?-
Jul 18, 2016
Pramod Kumar lives on rent in a metro and wants to buy an apartment. Recently, he came across an ad for homes available under a 15:75:10 payment plan. Also known as subvention schemes, these are bank financing for home loans, where the borrower pays only 15% of the property value at the time of booking. The lender pays 75% at various stages of project completion and the borrower pays the balance 10% at possession. There is also a No EMI for 24 months offer. Should Kumar opt for it?
Real-estate-could-be-exempted-from-central-environmental-rules
Jul 13, 2016
Following the NDA government’s “Ease of Business” mantra, the environment ministry has proposed that the entire construction sector could be exempted from mandatory environmental clearances
High-costs,-sluggish-job-market-hurt-home-sales-
Jul 08, 2016
MUMBAI: Rising affordability concerns and a sluggish job market continued to push home prices downwards, according to a report released by Nomura. At all-India level house price inflation continued to moderate at a fast pace and eased to its lowest recorded level of 5.2% in Q1 2016, as per the Reserve Bank of India's housing price index (HPI). House price inflation was recorded at 9.8% in Q4 2015.
Home-buyers-seek-Real-Estate-(Regulation-and-Development)-Act-draft-rules-review-
Jul 02, 2016
NEW DELHI: A group of home buyers has claimed that the draft rules for the Real Estate (Regulation and Development) Act circulated by the government recently ignores the interest of buyers in ongoing housing projects and should be reconsidered.
7th-Pay-Commission:-Home-Sales-Likely-To-Improve,-Say-Realtors
Jun 30, 2016
New Delhi: Real estate industry bodies on Wednesday said housing sales are expected to improve following implementation of Seventh Pay Commission recommendations as prices have fallen in last few years because of a slowdown in the property market.
Relief-for-homebuyers!-Builders-may-have-to-pay-11%-interest-for-delayed-projects-
Jun 29, 2016
NEW DELHI: Developers may have to pay 11.2 per cent interest to buyers for delay in handing over apartments and homes, according to draft rules unveiled by the government, a step seen as bringing relief to homebuyers reeling under the impact of delayed projects and mounting loan liabilities.

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