Latest Realty News of Uttar Pradesh

2015-to-see-absorption-of-31-million-sq-ft-of-office-space-in-top-Indian-cities:-Assocham-JLL-study-
Nov 27, 2015
NEW DELHI: With the sentiment among corporates across the country improving, net absorption of office space in India expected to be about 31 million sq ft by the end of 2015, according to a joint study by industry body Assocham and property advisory firm JLL.
Housing-for-All-may-boost-economy-by-3.5%-by-2022:-Ind-Ra-
Nov 27, 2015
MUMBAI: Prime Minister Narendra Modi's ambitious project Housing For All has the potential to push up the country's economy by 3.5 per cent by 2022 with sectors supplying crucial inputs to the construction industry being the biggest beneficiaries, says India Ratings.
HDFC-Realty,-iBidmyHome.com’s-online-home-auction-gets-bids-worth-Rs-155-crore-
Nov 24, 2015
MUMBAI: Property advisory firm HDFC Realty has received bids worth Rs 155 crore under its multi-property online auction of ready-to-move in apartments in 8 residential projects across Bengaluru, Chennai and Kochi.
Fitch-expects-residential-property-prices-to-remain-resilient-in-2016-
Nov 23, 2015
MUMBAI: Fitch Ratings has said that it expected residential property prices to remain stable as builders are option to offer easy payment solutions rather than lowering prices. This was indicated by Fitch Ratings on Monday in a report on the 'Outlook 2016: Indian Homebuilders.
Once-a-'Burger-King',-now-a-real-estate-mogul
Nov 23, 2015
MINNEAPOLIS, MINNESOTA: Mahendra Nath's investment journey began with a duplex many years ago. Using the profit he made out of a appreceiating real estate market, he bought two Burger King restaurants, and continued to grow. His Nath Companies now has 6500 employees working in multiple sectors.
Government-wants-passage-of-'amended'-real-estate-bill-this-session-
Nov 22, 2015
NEW DELHI: The government is gearing up to ensure the passage of the crucial real estate bill, which is aimed at curbing malpractices in the sector and bringing transparency through regulatory mechanism, in the forthcoming Winter session of Parliament.
Bengaluru-in-top-20-commercial-real-estate-investment-cities-
Nov 17, 2015
MUMBAI: After emerging as one of the top 20 technology-rich cities globally, Bengaluru has made debut in the list of top 20 commercial real estate investment cities in the world, says a Jone Lang LaSalle report.
Evaluation-Criteria-for-Smart-City-Plans-Firmed-Up
Nov 13, 2015
Based on credibility, feasibility and citizen engagement, Smart City plans will be evaluated by the Urban Development Ministry for selection of first batch of 20 cities after detailed consultation with states and urban local bodies (ULB).
Vodafone-announces-Rs-13,000-crore-investment-plan-in-India
Nov 13, 2015
NEW DELHI: Vodafone on Thursday committed investments of Rs 13,000 crore (£1.3 billion) in India for capacity augmentation and new business initiatives.
Government-Eases-FDI-Norms-for-Realty-Sector
Nov 11, 2015
New Delhi: With India's real estate industry facing a huge slowdown for last 2-3 years, the government on Tuesday relaxed foreign direct investment (FDI) norms in the construction sector by removing two major conditions related to minimum built-up area as well as capital requirement.
FDI-in-real-estate-becomes-more-transparent-and-flexible
Nov 11, 2015
MUMBAI: The centre has streamlined FDI in real estate, made it more transparent and offered greater flexibility to foreign investors to invest in India's property market, as part of a move to open up the economy even further.
Essel-Group-to-build-2-lakh-affordable-homes-by-2022-
Nov 10, 2015
NEW DELHI: Diversified business group Essel today announced its foray into the affordable housing segment with plans to develop 10,000 homes next year entailing an investment of Rs 800 crore.
Dubai-real-estate-players-bullish-about-high-Indian-investment-
Nov 09, 2015
DUBAI: Leading real estate players in the Middle East are bullish about Indians continuing as the most prolific foreign investors in the sector in the coming months too, as official statistics show that Indians have invested over Rs 30,000 crore last year alone here in properties.
Should-you-make-your-portfolio-real-estate-heavy?-
Nov 09, 2015
Shalu is a professional, earning a high salary. She has invested a lot in property—land, an apartment and a house in her native place—as she feels real estate is a good investment option. Buying property gives her an emotional high and leaves her feeling content.
Real-estate-developers-eye-tax-relief-on-deemed-rental-income-
Nov 07, 2015
NEW DELHI: The developers' concerns over the tax provision wherein they are required to pay tax on deemed rental income on unsold apartments may be addressed in the coming Budget.
Property-dealers-looking-to-invest-in-office-segment
Nov 06, 2015
MUMBAI | BENGALURU: With commercial real estate showing signs of recovery, property developers that had stopped investing additionally in this segment are now looking to invest in office projects. The rising interest is this space has been generated by better demand outlook and constrained supply of grade A office spaces as most developers did not launch any major office projects since 2009, given the weak uptake until recently.
Child-born-out-of-rape-has-inheritance-rights-on-assaulter's-property:-Allahabad-HC
Nov 04, 2015
Lucknow: In a major judgement, Allahabad High Court has ruled that a child born out of rape has inheritance rights over the property of the assaulter, the "biological father"
Investors-turn-pessimistic-on-commercial-real-estate
Nov 04, 2015
Monthly rentals and capital value expectations in commercial real estate in India rose in September quarter, albeit, at a pace lower than expected before, according to the Royal Institute of Chartered Surveyors (RICS), the UK-based qualifications and standards body for land, property and construction.
Lucknow-Municipal-Corporation-lays-out-real-estate-venture-plan
Nov 03, 2015
LUCKNOW: The Lucknow Municipal Corporation (LMC) would realize its long-held dream of venturing into real estate post Diwali. The corporation has finalised tenders for building a huge commercial complex in Kamta, near the new high court building, and three residential projects - one behind Omaxe City on Rae Bareli Road and two others in Para. All these ventures are set to begin this month.
Supreme-Court-sets-2005-cut-off-on-women-right-to-ancestral-property
Nov 02, 2015
Delhi: In a ruling that will restrict the right of women seeking equal share in ancestral property, the Supreme Court has said that the 2005 amendment in Hindu law will not give property rights to a daughter if the father died before the amendment came into force.
Subsidies-Can't-Be-Essence-of-Survival-for-Realty-Sector:-Jaitley
Oct 31, 2015
Mumbai: Hopeful that the age of slowdown will end soon for the real estate industry, Finance Minister Arun Jaitley on Saturday said the sector must survive on market economy and subsidies should not be the "essence of survival".
First-of-its-kind-app-for-booking-property-launched-
Oct 31, 2015
LUCKNOW: Eliminating brokers who take away a large commission for every deal in the real estate sector, Paarth Infrabuild Ltd has launched a mobile based app which will help subscribers to select and book properties of their choice.
Government-set-to-ease-housing-approvals
Oct 29, 2015
NEW DELHI: Government departments involved in granting approvals for construction projects in cities and towns will now come out with necessary notifications by November-end for streamlining approvals for time-bound and hassle-free clearances. This will mean applicants don't have to bring their cases to Delhi for different clearances.
Tata-Housing-Sells-250-Flats-Worth-Rs-100-Crore-in-Goa:-Report
Oct 28, 2015
New Delhi: Realty firm Tata Housing has sold 250 flats, worth over Rs 100 crore, from its housing project at Goa.
Mere-Title-Transfer-in-Immovable-Property-Exempt-From-Service-Tax
Oct 27, 2015
New Delhi: In cases of sale of flats, transfer of title after the issuance of occupancy certificate will not attract service tax, the Finance Ministry said on Monday.

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