Latest Realty News

Indian realty industry looks to BJP to lift fortunes
Apr 09, 2014
MUMBAI: The crisis-ridden real estate sector, feeling neglected by the United Progressive Alliance (UPA) government, is warming up to the Bharatiya Janata Party (BJP) and its prime ministerial candidate Narendra Modi to lift its fortunes. In the wake of economic instability, the realty industry has been facing severe stress with a clouded investment outlook. Its industry captains are looking forward to a strong and stable government that can put the battered economy back on rails and undertake t
A boost for Mumbai’s real estate market
Feb 11, 2014
MUMBAI: For more than five lakh residents, the Supreme Court’s decision to remove the forest tag from huge tracts of land spread over Mumbai, has brought an end to their sleepless nights. The apex court has quashed all prior notices and orders regarding encroached forest land issues, in the last nine years, about the various areas bordering the Sanjay Gandhi National Park in Mumbai.
Housing to get costlier on 30% hike in cement prices
Sep 27, 2013
MUMBAI: After witnessing a price correction in all major markets owing to sluggish demand, cement prices have increased by over 30% in a month to Rs 275 for each 50kg bag. With the trend expected to continue, a cement bag is likely to cost over Rs 325 this festive season, hitting the ailing realty sector and making it costlier to purchase that dream home.
CREDAI chief worried over possible ‘cement cartels’
Sep 26, 2013
MUMBAI: With prices of cement suddenly going sky high, developers apex body CREDAI Chairman Lalit Kumar Jain, expressed his concern and said he believes a cement cartel is active. Jain, who is also the CMD of Mumbai-Pune developer Kumar Urban development Ltd (KUL) said CREDAI will consider to file a complaint with CCI against the continuous price hike as this creates pressure on developers to increase sale price of homes.
Top builders sitting on Rs 58,000-cr inventory
Sep 23, 2013
MUMBAI:India’s top builders seem to be sitting on a huge unsold real estate inventory, worth nearly Rs 58,000 crore, which could take more than two years to sell, a Business Standard analysis of 19 listed realty firms on the BSE-500 index shows.
How realtors lost the plot
Sep 19, 2013
MUMBAI: Their sales have slowed down and they have a mountain of debt to repay. And that is forcing real estate developers to sell non-core assets and look for other ways to raise money.
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.
CREDAI chief appeals for high power realty committee for major projects
Aug 21, 2013
MUMBAI: Citing the inordinate delay in obtaining approvals for projects that is stalling growth of the real estate sector and also the economy of the country, Lalit Kumar Jain, Chairman CREDAI and CMD, Kumar Urban development Ltd, urged the Union Government to form a high power realty committee to accelerate big ticket realty projects worth between Rs.200 Cr and Rs.1000 Cr.
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.

Latest Realty News Of State

Realty Talk's