Latest Realty News

How-delayed-delivery-costs-customers-buying-homes-on-loans-
Jan 20, 2016
2016 may be a good year to buy a home. Property prices have remained stagnant for almost a year. While the quoted inventory prices may not have changed, better deals are available in terms of spot discounts, flexible payment plans and freebies across most major residential markets. So, this may be the best time to haggle hard and book a property. "Right now, buyers can get up to 20% additional values in the form of freebies and discounts," says Muddasir Zaidi, national director, residential, Kni
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.
Skyline Builders plans to invest Rs 2,500-crore in Kerala
Jan 07, 2015
KOCHI: Kerala based Skyline Builders is planning to invest Rs 2,500 crore over the next five years and eyeing tier-II and III cities of Kerala for expansion
Vashi: Builders line up their best deals for home buyers
Dec 12, 2014
Navi Mumbai: 15th edition of BANM exhibition gets underway in Vashi on Friday
Realtors want road width norm eased
Dec 05, 2014
PATNA: Realtors in Bihar have expressed reservation about certain provisions in the newly framed building bylaws such as, availability of 40-feet wide road in the city for the construction of apartments of 24 metres height
Realty rule boost to realtors
Dec 04, 2014
Patna: The resurgence of the realty sector after almost two years of lull looks imminent with the cabinet's approval to the Bihar Building Byelaws 2014
Cabinet clears building laws - Move paves path for plan approval
Dec 03, 2014
Patna: The state cabinet gave its nod to the “Bihar Building Byelaws 2014” to regulate construction activities in the state
‘Policy problems plague realty sector in Bihar’
Nov 06, 2014
Patna: A few black sheep are tarnishing the entire clan, says Builders' Association of India (BAI), Bihar chapter, chairman Sachin Chandra
Housing industry upbeat over BJP government in state
Oct 22, 2014
Mumbai: Representatives of the housing industry in Mumbai and Maharashtra are upbeat with the results of the Maharashtra Assembly elections coming out in favour of the BJP
City's new development plan to be transport-centric
Sep 30, 2014
Surat Urban Development Authority (SUDA) will adopt a transport-oriented pattern for its new development plan and promote taller buildings
Sand shortage hits realty sector in Visakhapatnam
Sep 22, 2014
At a time when the demand for realty is growing in the city, builders are faced with a huge shortage of sand, thanks to changes in policies mooted by the government
Singapore firms offer green buildings for Vijayawada
Sep 08, 2014
With the Andhra Pradesh government announcing its capital city, all eyes are now on the Vijayawada, Guntur, Tenali and Mangalagiri (VGTM) region. Singapore builders are thronging the area to forge tie-ups with local firms to erect pre-cast green buildings for fast-paced development
Builder, aide involved in flesh trade arrested
Sep 06, 2014
A businessman dealing in real estate and his associate, who were reportedly using the sample flat of their own apartment for some 'fun' were nabbed by the police on Thursday evening along with a girl
Realtor pays Rs 7.35cr to I-T department
Aug 23, 2014
A leading land developer and builder of the state capital has paid Rs 7.35 crore to the income tax (I-T) department as part-payment of the tax and penalty imposed on him
Construction industry in Telangana, Andhra to stop cement purchase
Jul 07, 2014
HYDERABAD: Real estate developers and builders in both Telangana and Andhra Pradesh have decided to stop purchase of cement from July 5 to 12 if cement companies fail to roll back the steep hike in prices.
Builder fined for not delivering flats
May 14, 2014
DELHI: In what could tame builders who fail to deliver houses on time, the National Consumer Disputes Redressal Forum has asked realty major Parsvnath Developers to return the entire principal amount paid by two flat buyers with 18% interest and another Rs 7 lakh compensation to each for causing mental agony and harassment because of delay in handing over possession.
Builders demand separate ministry for construction sector
May 04, 2014
COIMBATORE: With the demand for skilled workers set to nearly treble by 2020, the construction industry wants a separate ministry both at the Union and the state level to address the issues affecting the sector. The construction industry, which employs about 10 million skilled workers now, would require at least 30 million such workers by 2020, said S K Basu, president of Builders' Association of India (BAI). The construction industry would require 55-60 million workers by 2020, he said.
Supertech verdict may lead to activism in real estate
May 02, 2014
DELHI: Sohan Mishra has been driven to wits' end over a real estate builder reneging on the delivery date of his dream house in Noida. A delay of over one-and-a-half years has forced him to extend his rent agreement. This has strained his finances, as he is also paying back his home loan in fixed monthly installments. However, there is now a glimmer of hope.
Promoters of Sundaram Home Finance infused Rs 80 crore
Apr 30, 2014
CHENNAI: Sundaram Finance and BNP Paribas, the two main shareholders of Sundaram BNP Paribas Home Finance, have infused Rs 80 crore into the company. Sundaram Home is also planning to enter builders financing by the end of this year.
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
Cash-rich realtors like RMZ, Shriram Properties & others exit partly completed projects at big disco...
Apr 18, 2014
BANGALORE | MUMBAI: An extremely slow real estate market across segments is pushing debt-ridden, cash-strapped developers to exit partly completed projects and undeveloped land at massive discounts of as much as 40%.
‘Real estate needs regulatory body’
Apr 18, 2014
DELHI: Real estate sector needs a regulator to protect the interests of buyers, builders, and investors, said Kaushal Jain, MD, Arihant Group, a Delhi-based company.
New realty law will help buyers and builders
Apr 17, 2014
PUNE: The Maharashtra Regulatory & Development Act (MHRDA), 2012, promises to bring more transparency and accountability helping both builders and property buyers, Satish Magar, vice-president of the Confederation of Real Estate Developers Associations of India (Credai) - National, said on Tuesday.
'Political rivalry' blow to Vashi's JN-type buildings' redevelopment plan?
Mar 22, 2014
NAVI MUMBAI: Around 20,000 residents of the dilapidated JN1 and JN2 type buildings in Vashi, built by the City and Industrial Development Corporation (Cidco), have opposed the planning body's move of granting 3 FSI for the structures' redevelopment.
Coimbatore builders want exemption
Mar 22, 2014
COIMBATORE: Builders and property promoters in Coimbatore have appealed to the Commissioner of Central Excise, Customs and Service Tax to address the issues they faced in payment of Service Tax, taking into consideration the difficulties faced by the sector in the last one year.

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