Latest Realty News

Donald Trump plans 30 hotels globally by 2020
Aug 25, 2014
Trump Hotel Collection, the wholly-owned hotel management company of the US real estate billionaire Donald Trump, plans to have 30 hotels globally by 2020 and India will be a major contributor towards this tally
Split boosts Telangana, Andhra Pradesh real estate sector
May 26, 2014
HYDERABAD: Real estate transactions in coastal Andhra and Rayalaseema regions, which had been sluggish for the past year, have picked up since March 2014, after the AP Reorganisation Bill was passed in Parliament.
Realty players see better days
May 18, 2014
DELHI: Even before Narendra Modi has taken the oath of the office, real estate players have drawn out their wish list.
Real estate industry awaits policy action from next government
May 11, 2014
MUMBAI: Like most other business sectors, the Indian real estate market holds its breath for a stronger and more determined government. The perception which is currently driving market sentiments is that market momentum can either accelerate, remain unchanged or decelerate depending on which party is voted into power. Speaking purely from the viewpoint of market sentiment, there is some validity to this perception. However, the fact is that the true benefits of political stability and proactive
Be prepared to shell out more under property tax
May 10, 2014
NAGPUR: With municipal and general elections over, the BJP-led ruling alliance at the Nagpur Municipal Corporation (NMC) has resumed the process to implement the capital value-based property tax system. The property tax for residential properties will increase up to two times while it will be three times for commercial properties.
NMC fails to generate property tax bills
May 08, 2014
NAGPUR: Property taxpayers have been taken for a ride once again. The Nagpur Municipal Corporation (NMC) has failed to distribute the property tax bills by April end. The chances of distributing the bills by May end too is bleak. It will not only inconvenience property owners but will also deprive the cash-strapped civic body of much-needed revenue.
Realty sector looking for strong govt to push through reforms
May 02, 2014
HYDERABAD: The Indian real estate market, like most other sectors of the economy, is hoping that a strong Government at the Centre will push through reforms, help the sector gather momentum and thereby attract investments.
Indian real estate awaits proactive government
Apr 30, 2014
MUMBAI: Like most other business sectors, the Indian real estate market holds its breath for a stronger and more determined government. The perception which is currently driving market sentiments is that market momentum can either accelerate, remain unchanged or decelerate depending on which party is voted into power. Speaking purely from the viewpoint of market sentiment, there is some validity to this perception. However, the fact is that the true benefits of political stability and proactive
Gopal Raheja's new will bequeaths everything to daughters
Apr 29, 2014
MUMBAI: The Gopal Raheja family dispute has taken a new twist with the emergence of a fresh will wherein the late real-estate mogul has bequeathed his entire property — valued at Rs 11,000 crore in 2012 — equally between his two daughters, leaving nothing for son Sandeep
Infra sectors to be hit by high land cost
Apr 29, 2014
DELHI: There is a growing clamour against the provisions of a new land acquisition law with several infrastructure sectors - from road, to railway and power - fearing a three-fold jump in acquisition cost due to the new legislation.
Are you paying a higher maintenance bill for housing society?
Apr 15, 2014
MUMBAI: Ashwini Rao, 31, had been paying a fixed amount every month to her cooperative housing society in Mumbai as maintenance charges. However, two years ago, when the managing committee asked her to cough up an additional Rs 1,000 for keeping a pet, she was taken by surprise. "It was not even our own pet. My brother and his family were going on a vacation for a few days and wanted us to look after it till they returned, but the managing committee just wasn't ready to listen," says Rao. She ha
What is the connection between real estate and elections
Apr 01, 2014
MUMBAI: While all eyes are on the general elections, the real estate sector is holding its breath for the potential optimism that is expected once the results are out. This optimism is expected to boost transactions and lift homebuyer sentiment.
Real Estate law should be made applicable on small projects: Panel
Mar 19, 2014
DELHI: A parliamentary panel has favoured bringing small projects within the purview of the Real Estate (Regulation and Development) Bill, 2013.
GHMC to Upgrade Handheld Tax Bill Issuing Machines
Mar 10, 2014
HYDERABAD: Greater Hyderabad Municipal Corporation (GHMC) has so far been using handheld machines for delivering property tax bills and collecting payments from the property owners. Currently there are 398 machines in use. To take complete leverage of existing devices and infrastructure, the GHMC has decided to expand the scope of the existing application to include more features to issue demand and make collection of other taxes.
India will have more billionaires than other countries by 2023: Knight Frank
Mar 08, 2014
MUMBAI: Knight Frank today released its 8th edition of the Wealth Report. This yearly issue provides a unique insight into the attitudes of ultra-high-net-worth individuals towards property, investments and spending patterns across the globe and provides an annual analysis of wealth flow and property investment around the world.
Real Estate law should apply on small projects: Committee
Feb 19, 2014
DELHI: A parliamentary panel has favoured bringing small projects within the purview of the Real Estate (Regulation and Development) Bill, 2013. The panel has said the law should be made applicable on constructions that are built on 100 square meters of area or more.
Eyeing votes, govt trying to get real estate bill passed
Feb 17, 2014
DELHI: With an eye on middle-class voters ahead of Lok Sabha polls, the UPA government is pushing hard to get the real estate bill passed in the current session of Parliament.
Billionaires and Millionaires Dominate Rajya Sabha 2014
Feb 05, 2014
DELHI: Democracy is an abundance of riches, as the worth of the new occupants of the Upper House benches is being revealed in the run up to Rajya Sabha 2014. Thirty-six out of 55—over 70 per cent—are crorepatis. Property is one of the major wealth factors listed and many of the new candidates are businessmen who have entered politics or vice versa. Bihar might be one of the poorest states in India and seeking special category status, but the richest candidate in the new pantheon of Elders is sec
‘Construction bandh’in Kerala from today
Jan 21, 2014
KOCHI: The construction sector in Kerala will shut down for three days from Monday in response to a ‘construction bandh’ called by the Confederation of Construction Organisations, which consists of nearly two dozen associations such as those of architects, house painters, builders and quarry operators.
Developers optimistic of revival in realty sector in 2014
Jan 03, 2014
DELHI: With high property prices and costlier borrowing hitting real estate, developers are hoping for a reversal of the slowdown in the new year and sales picking up post general elections.
Recap on the Land Acquisition Bill
Jan 03, 2014
MUMBAI: The much awaited and discussed among stakeholders of the Indian real estate industry, the Land Acquisition Bill, is going to be effective from the very first day of the year 2014. This bill will replace the old Land Acquisition Act, 1894 and is expected to remove hurdles that the industry has been confronted for a long time. Let us have a quick recap of the Bill before discussions, execution and affects start:
Land Bill may push up prices 15-45%, say realty players
Jan 03, 2014
DELHI: Amid concerns over cost escalation and execution delays, the Land Acquisition Act has come into force from January 1, 2014. Real estate players say that for large infrastructure and residential projects, cost escalation due to the Act may range between 15 per cent and 45 per cent.
Looking Ahead: Execution will be the realty check
Jan 03, 2014
MUMBAI: With the economy witnessing a downturn and interest rates and inflation reaching all-time highs, 2013 has been one of the most eventful years for real estate in India. While the introduction of the Real Estate Regulatory Bill and Land Acquisitions Bill in the Parliament was a positive for the realty industry, end-users sitting on the fence expecting a fall in prices led to a contraction of demand in the last few quarters. The market turned from sellers to buyers, with attractive offers f
2014 to bring in hope for real estate sector
Dec 23, 2013
DELHI: As the year 2013 becomes part of our collective memory, a quick rap up leaves us enriched with the experience of the passing year. It was both exciting and disappointing year for the Indian real estate sector. While the introduction of the Real Estate Regulatory Bill in Lok Sabha and consent to the Land Acquisition Bill in the parliament will reap benefits in the future, slowing economy left the real estate fraternity disappointing from the point of view of expectations. The RBI’s bold de
Real Estate One of the 3 Most Badly Hit Sectors
Dec 16, 2013
VISAKHAPATNAM: The political unrest and series of protests affected various businesses, of which real estate is one of the top three most badly hit sectors in Vizag region. As many as 50,000 construction workers and labourers lost their livelihood locally and majority of them migrated to cities like Bhuvaneswar, Hyderabad, Bangalore, Chennai and other places.

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