Latest Realty News

Avenue Venture invests Rs 55 crore in Rohan Builders' housing project
Sep 20, 2013
DELHI: Private equity firm Avenue Venture Real Estate Fund has invested Rs 55 crore in a residential project developed by Rohan Builders in Bangalore, property consultant Jones Lang LaSalle India said.
Home prices could drop
Sep 19, 2013
MUMBAI: Real estate developers are realising that they cannot hold on to inventory forever. Until now, they had shied away from lowering prices, but now, they will have to book sales to gain some liquidity.
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.
Bhubaneswar Development Authority throws building norms to wind
Aug 26, 2013
BHUBANESWAR: Bhubaneswar Development Authority (BDA), the enforcing agency for building norms, violated the regulation itself by approving plan for a highrise residential complex on the outskirts of the city though there is no approach road to the location. TOI is in possession of documents that reveal this.
Bhubaneswar Development Authority's Rs 185 crore windfall to builder
Aug 26, 2013
BHUBANESWAR: The Bhubaneswar Development Authority (BDA) allegedly extended over Rs 185 crore undue benefits to the developer of a multi-storey residential complex, Utkal Heights, at Pahala through irregular and unlawful approval of its building plan, sources said.
Builder shot dead in heart of capital
Aug 13, 2013
BHUBANESWAR: Armed criminals on Monday gunned down a builder in the N-4 residential area in Nayapalli.
Builder held for land fraud
Aug 11, 2013
BHUBANESWAR: Simax Builders Pvt Ltd managing director Nirmal Kumar Behera arrested by the commissionerate police here on saturday in connection with land fraud. he was forwarded to court, the police said.
Sand mining ban: Builders fear project cost escalation
Aug 09, 2013
MUMBAI: The Confederation of Real Estate Developers’ Association of India has said the ban on sand mining by the National Green Tribunal was arbitrary and against growth.
It’s raining offers for house hunters in Mumbai
Aug 04, 2013
MUMBAI: Call it monsoon madness if you will, but Mumbai’s builders have lined up some unusual incentives to stimulate apartment sales and cope with the problem of inventory build-up.
Account for refunds by AT beneficiaries
Aug 01, 2013
BHUBANESWAR: The Commissionerate Police has opened a bank account where refunds made by individuals and firms who had benefited from business dealings with Artha Tatwa (AT) Group can be deposited.
Banks seek priority sector tag for loans to affordable home builders
Jul 22, 2013
MUMBAI: The Reserve Bank of India is examining a plea by banks to recognise loans given to builders/developers of affordable housing projects as priority sector lending.
Decoding the real estate Bill
Jul 09, 2013
MUMBAI: The Bill suggests 10 per cent of the project cost as penalty for first-time offenders. Repeat offenders could get a jail term of up to three years.
Loans for home buyers, builders to get cheap
Jun 23, 2013
MUMBAI:In order to give a fillip to the housing sector at a time when the economy is facing a slowdown, the Reserve Bank of India on Friday announced two measures that will increase flow of bank credit to builders/developers and individuals buyers.
Assembly panel seeks report on 'cheat' funds
Jun 22, 2013
BHUBANESWAR: The assembly's public accounts committee, headed by leader of opposition Bhupinder Singh, on Friday asked the registrar, cooperative societies, to submit a report within a week on the activities of 23 multi-state cooperative societies, which allegedly engaged in money circulation business and duped depositors in Odisha.
How new real estate bill could reshape the realty ecosystem?
Jun 20, 2013
MUMBAI: 1) Project Registration When the Real Estate (Regulation and Development) Bill 2013 comes into effect, all projects will have to be registered with a real estate regulatory authority.
AIBPL Launched the Tallest Commercial Tower of Bhiwadi
Jun 19, 2013
GURGAON: One of the emerging real estate companies of India, Advance India Builders & Promoters Pvt. Ltd. (AIBPL) has launched their ambitious project “Advance Saaga Castle” a unique mixed-use commercial development being constructed for the first time in Bhiwadi on Bhiwadi-Alwar Express Highway (SH-25).
Builder arrested for cheating customer
Jun 18, 2013
BHUBANESWAR: A local builder, Birendra Swain, was held by the City Police here on Monday on charges of cheating a customer of Rs 20 lakh.
Builders' Association of India hopes Real Estate Bill is passed in monsoon session
Jun 10, 2013
MUMBAI: Builders' Association of India (BAI) today said it has welcomed Centre's move to clear the Real Estate (Regulation and Development) Bill and hoped that the same would be passed in the Parliement's monsoon session.
Relief to builders, Centre relaxes green norms for high-rises
Jun 08, 2013
DELHI: In what will be a big relief to builders in tightly-packed cities such as Mumbai, the environment ministry has done away with green clearances for high-rise buildings based on the width of the roads that they fall by the side of and the distance from fire-stations. It has left it to the state government to makes rules as they deem fit.
Builder held in Mumbai for cheating Delhiites of Rs 25 crore
Jun 08, 2013
DELHI: A chef-turned-builder, who allegedly cheated around 3,000 investors of Rs 25 crore by promising residential plots in Navi Mumbai, has been arrested from Mumbai, police said today.
REAL ESTATE (REGULATION AND DEVELOPMENT) BILL
Jun 06, 2013
BHUBANESWAR: The Union Cabinet Tuesday approved the Real Estate (Regulation and Development) Bill which enables setting up of a regulator for the real estate sector, with having a provision of even a jail term of up to three years for errant developers.
Kalinga Sena demands enquiry on Utkal Builders
Jun 05, 2013
Bhubaneswar: Kalinga Sena supremo Hemant Rath at a Press conference here on Tuesday alleged that the Kolkata-based Rose Valley company, which has also duped lakhs of Odia people of crores of rupees, has invested nearly Rs 50 crore in the Bhubaneswar-based real estate firm Utkal Builders.
Kalinga Sena demands enquiry on Utkal Builders
Jun 04, 2013
Bhubaneswar : Kalinga Sena supremo Hemant Rath at a Press conference here on Tuesday alleged that the Kolkata-based Rose Valley company, which has also duped lakhs of Odia people of crores of rupees, has invested nearly Rs 50 crore in the Bhubaneswar-based real estate firm Utkal Builders.
Government to provide affordable housing
May 31, 2013
With the prices of real estate escalating it has become extremely difficult for the common man to find a piece of land within his means.
Developers get relief from Competition Appellate Tribunal
May 27, 2013
The Builders' Association of India (BAI), the apex body of builders and contractors and the only representative body which takes up the concerns and grievances of builders to the state and central governments, recently scored a major victory against alleged cartelisation by the cement industry.

Latest Realty News Of State

Realty Talk's