Latest Realty News

Budget housing finds demand in Bangalore South
Sep 20, 2013
BANGALORE: From housing some of the oldest localities in Bangalore, the south has stretched far beyond to witness development up to Hosur. The main factor pushing growth has been the proliferation of the IT/ITeS sector in this belt. Civic projects such as the Hosur Road expressway, the upcoming Metro line, good social infrastructure and lower land cost towards the peripheries have led to residential development along this corridor. Some of the localities that have come into focus are J P Nagar,
Prices of residential real estate may rise 20-25%: Parsvnath Developers
Sep 18, 2013
DELHI: Real estate major Parsvnath feels there are clear indications that residential property prices may rise by nearly 25 per cent in the coming quarters. Pradeep Jain, Chairman, Parsvnath Developers, attributes this to raw material costs, macro-economic conditions, funding issues and the recently passed Land Acquisition Bill. In an interview with Business Line, Jain says the company will focus on executive and fast-track deliveries. Parsvnath is currently working on 49 projects with a total a
Decoding the 80:20 deal
Sep 08, 2013
MUMBAI: Earlier this week, the Reserve Bank of India cautioned home buyers on innovative home loan schemes, popularly known as 80:20 or 75:25 schemes. The interest in these schemes had heightened in recent months, as builders and developers increasingly found it difficult to access funding. The central bank has clearly nipped the growing interest in the bud. This is because the scheme, in its current form, seems to give a raw deal to home buyers. Read on to understand how.
RBI should have consulted stakeholders before disbanding 80:20: CREDAI
Sep 05, 2013
DELHI: “Reserve Bank of India issuing circular on disbanding current practices, should consult stakeholders before issuing such circulars,” says Lalit kumar Jain, Chairman, CREDAI.
RBI prohibits banks from giving 80:20 upfront home loan
Sep 05, 2013
DELHI: It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with developers/builders, e.g. upfront disbursal of sanctioned individual housing loans to the builders without linking the disbursals to various stages of construction of housing project, interest/EMI on the housing loan availed of by the individual borrower being serviced by the builders during the construction period/specified period, etc. This might include signing of tripartite
Property expo in Kochi
Sep 04, 2013
KOCHI: IndiaProperty.com is organising the second edition of Gruhapravesham 2013, the property show in Kochi, from September 6 to 8 at Jawaharlal Nehru Stadium.
Land bill ignores urban concerns: Activists
Sep 03, 2013
PUNE: The land acquisition bill, passed in the Lok Sabha on August 29, has civic activists and urban planners raising concerns about it being rural-centric. They say the government has completely ignored urban land acquisition and infrastructure development concerns.
Delhi Master Plan-2021 will unlock a new wave of urbanization
Sep 03, 2013
DELHI: Delhi may soon see a flurry of real estate activities. A path-breaking policy, which has been incorporated in Delhi Master Plan-2021, will make available around 21,000 hectares of land for residential purposes and around 2,073 hectare for commercial activities in the periphery of the existing city.
New land bill may hit infra projects in Maharashtra
Sep 03, 2013
MUMBAI:Many infrastructure projects and development may come to a standstill in the state with the Lok Sabha clearing the Land Acquisition, Rehabilitation and Resettlement Bill, 2011.
Biswabhushan Harichandan|Odisha Jami Adhikar Manch
Aug 29, 2013
BHUBANESWAR: At a time when the state is acquiring land for major industrial projects amid widespread protests, there are more than five lakh people in the state who don't have a place of their own to live in.
Govt Land, Kept Unused for 3 Years, Can be Resumed
Aug 22, 2013
BHUBANESWAR: The As­sembly on Wednesday passed the Odisha Govern­ment Land Settlement (Amendment) Bill, 2013 and the Industrial Disputes (Od­isha Amendment) Bill, 2013 by a voice vote.
Height of houses on DDA’s agenda
Aug 19, 2013
DELHI: Delhi Development Authority is expected to review its proposal for an increase in height by 2.5 metres of residential houses to allow for stilt parking in its meeting on August 12.
Bill in Rajya Sabha to regulate real estate introduced
Aug 16, 2013
DELHI: The real estate regulation and development bill that seeks to protect home buyers from dishonest builders was tabled in the Rajya Sabha on Wednesday by minister of housing and urban poverty alleviation Girija Vyas.
Bill in Rajya Sabha to regulate real estate introduced
Aug 15, 2013
DELHI: A bill seeking to protect home buyers from unscrupulous developers and builders and having provisions like jail term of up to three years for offences like putting up misleading advertisements about projects repeatedly, was introduced in Rajya Sabha on Wednesday.
Top brands to converge at construction, architecture and design summit
Aug 12, 2013
CHENNAI: Construction, Architecture & Interiors, the Build & Design Exhibition 2013, to be organised by Business Line, will showcase prestigious brands from across the globe in Chennai.
Alchemist Realty acquires Century 21 Properties India
Aug 11, 2013
DELHI: Alchemist RealtyBSE 4.83 % today said it has acquired 99 per cent stake in Century 21 Properties India Pvt Ltd.
Slide in PE real estate deals only a blip: Report
Jul 31, 2013
MUMBAI: Private equity firms are eager to invest approximately $2 billion (Rs 11,854 crore) in the real estate market despite a drop in private equity investments in the first half of 2013, according to a new report.
Anuj Puri: Will the Real Estate Bill see a rise in property prices
Jul 09, 2013
BANGALORE: Anuj Puri, Chairman & Country Head, Jones Lang LaSalle India May be, The Bill will pave the way for transparency by regulating the housing sector. It covers all projects over 4,000 sq m in size and seeks to cover major private residential developments across the country. It will provide considerable relief to the ordinary buyer/investor who faces innumerable obstacles while buying property and is duped even by small developers, builders and brokers.
Asset Homes awarded
Jul 05, 2013
KOCHI: The Kochi-based realty developer Asset Homes has been awarded ‘Excellence in Real Estate 2013’ by the British South India Chamber of Commerce (BSICC) in London.
Buying a property just got a bit more cumbersome
Jun 25, 2013
MUMBAI: A common saying goes, to know "stress", organize a person's marriage or endeavor to build a house. Consider the various factors which affect the decision on the purchase or building of a house, they range from vastu, legal documentation, anticipated appreciation in value and maybe even the whims and fancies of the relatives. Clearly, factors which may cost a common man, seeking to obtain a roof over his head, many a nights sleep. Well, thanks to the Finance Act, 2013, the stress has been
SEZ policy reforms would benefit Bangalore
Jun 08, 2013
BANGALORE: During the release of the Annual Supplement 2013-14 to the Foreign Trade Policy 2009-14 on April 18, the Union Minister for Commerce, Industry and Textiles, announced reforms to the SEZ Policy in order to revive investor interest.
Pocket-friendly homes for all
Apr 10, 2013
BHUBANESWAR: The state government is all set to create 5,000 affordable housing units in the city soon by involving private developers, housing and urban development (H&UD) secretary Injeti Srinivas said here on Tuesday.
Budget sees mixed reaction from industry and business groups in Orissa
Mar 01, 2013
Bhubaneswar, Feb 28: Several industry and business organisations in the State Thursday showed mixed reaction to the Annual Budget 2013-14 presented by Finance Minister P Chidambaram, Thursday. While measures in the sectors of agriculture, rural development, education, health care and women empowerment were highly commended, little offerings to small and medium scale enterprises (SMSE) and failure of Government in controlling deficit financing were criticised.
Budget 2013: No proposal to benefit real estate significantly.
Mar 01, 2013
For the real estate sector this budget didn't provide any proposals which could benefit the sector significantly. Additional interest deduction of Rs 1 lakh for low cost housing (where loan taken is less than Rs 25 lakh) in addition to the current deduction of Rs 1.5 lakh should be welcomed by the sector.
Budget 2013: A boost for affordable housing says Gagan Banga, Indiabulls
Feb 28, 2013
"One has to compliment the Finance Minister, Mr P Chidambaram, for addressing the nation's priorities in his budget for 2013-14," said Gagan Banga, CEO, Indiabulls Financial Services Ltd, adding, "he has presented a realistic and balanced budget, which is a good beginning."

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