Latest Realty News

Maintain status quo says HC on construction near Jama Masjid
Apr 05, 2014
DELHI: The Delhi High Court today ordered that status quo be maintained in connection with alleged illegal constructions close to Jama Masjid here.
Rane Group puts Chennai property on the block
Mar 31, 2014
CHENNAI: The Rane Group has put on the block a 3.5-acre plot in the prime suburb of Velachery in south Chennai.
15 listed realty firms see 46% dip in sales: Knight Frank
Mar 29, 2014
MUMBAI: The sales volume of 15 of the top 25 listed real estate companies by market cap declined 46 per cent to 11.80 million sq ft from 21.85 million sq ft over the last eight quarters, according to a report by real estate consultancy Knight Frank.
Annual India Property show in US from May 3
Mar 29, 2014
KOCHI: Property developers from Kerala, Chennai, Coimbatore, Bangalore, Delhi, Mumbai, Pune, Ahmadabad, Bhubhaneshwar, Trichy and Hyderabad have been invited to showcase residential projects in the 8th Annual India Property Show in the US
Model code throws spanner in eviction
Mar 29, 2014
BHUBANESWAR: The poll code has forced Bhubaneswar Municipal Corporation (BMC) and Bhubaneswar Development Authority (BDA) to put on hold their proposed drives against unauthorized constructions.
Election cash call puts strain on construction, real estate
Mar 28, 2014
DELHI: As India's mammoth general election approaches, jackhammer drills are quietening down at construction sites and earthmovers and cranes remain parked.
Report: Sales volume of listed real estate cos plunges 43%
Mar 28, 2014
PUNE: A research report by property consultants Knight Frank India has found that the volumes of 25 listed real estate companies over the past eight quarters has dropped from 21.85 million sq ft to 11.8 m sq ft, representing a decline of almost 43 per cent.
A House for Mr NRI
Mar 28, 2014
HYDERANAD: NRIs who purchased property in India a few years ago have not managed to rake in the moolah. Unattractive returns in cities such as Hyderabad and Coimbatore have put off NRIs, particularly from the US, according to builders.
Real estate, construction sectors hit, as companies divert funds to poll contribution
Mar 27, 2014
DELHI: As India's mammoth general election approaches, jackhammer drills are quietening down at construction sites and earthmovers and cranes remain parked.
Manage your property lease with ease
Mar 25, 2014
CHENNAI: Classmates, friends and business partners — this is the story of Sarfaraz Nazeem and Leeladharr TV, who quit their jobs to start a company that helps customers manage their multiple property leases online.
Locals protest against ‘illegal’ constructions on Bellandur lake
Mar 25, 2014
BANGALORE: A large number of residents of Koramangala, HSR Layout and Bellandur staged a protest at Agara here on Sunday against mega projects on the flood plains of Bellandur lake.
Realty companies wake up to brand value, challenge infringement
Mar 25, 2014
MUMBAI: Real estate developers in India have started challenging possible infringement of their brand names established over the years, joining their counterparts in sectors such as pharmaceuticals and consumer goods that are known to make serious efforts to promote and protect their distinctive identities.
Gunning for equity and realty
Mar 24, 2014
DELHI: Vibha Padalkar joined HDFC Standard Life in 2008 after a seven-year stint as Executive Vice-President, Finance, at WNS Global Services. Discipline is the keyword when it comes to investments. Of course, periodic shifting of asset classes is also required. Here’s more on where a woman CFO invests and her investment mantras.
Political crisis, slowdown impact AP cement firms
Mar 24, 2014
HYDERABAD: The cement industry in Andhra Pradesh is facing a crisis. Prices have nosedived by Rs 50-60 a bag, hitting a new low, below Rs 200. Production in most units is just around 50 per cent of capacity and many are in the red.
India's realty sector remains favoured destination: Report
Mar 22, 2014
DELHI: The Indian construction and real estate sector continues to be a favoured destination for global investors and businesses are optimistic about their prospects for this year, says a report.
5 firms in race for Tata Steel’s Mumbai land
Mar 20, 2014
MUMBAI: Tata Steel’s 25-acre land in Borivali received five bids from Mumbai’s top corporates and developers. The deal is expected to rake in Rs 1,000 crore for the company, though the buyer will have to shell out anywhere between Rs Rs 1500-2,000 crore to acquire and develop the property.
Piramal buys 3.5% stake in Sunteck Realty for around Rs 65 cr
Mar 20, 2014
MUMBAI: Ajay Piramal-led Akshar Fincom has picked up a 3.5 per cent stake in Sunteck Realty for around Rs 65 crore, according to industry sources.
Costlier housing
Mar 20, 2014
BANGALORE: Property prices in Indian cities witnessed a modest rise in 2013, lagging Asian peers. Prime residential property values rose by about 6 per cent in Bangalore, helped by a pick-up in demand, according to a report by global real estate consultant Knight Frank. Growth was even lower in Mumbai and Delhi, at 3 per cent and 2 per cent, respectively. This is much lower than the 13.5 per cent average increase in real estate prices in the Asia-Pacific region during the year.
Concern on Ukraine hits pharma stocks
Mar 19, 2014
MUMBAI: Tension between Russia and Ukraine over the Crimean region is weighing on the shares of select Indian health care companies with business interests in that region
‘Real estate prices will rise 5-15% over six months after elections’
Mar 18, 2014
MUMBAI:Probably the only real estate developer in Mumbai offering office space from 1,500 sq ft to 80,000 sq ft (on a single floor plate), the Marathon Group has managed to ride the slowdown in commercial real estate by pioneering the concept of small office spaces for start-ups and large floor plates for multi-national companies in the city.
NBCC to redevelop govt projects in 3 cities
Mar 13, 2014
DELHI: After the much-talked makeover of government flats in Delhi’s Moti Bagh, public sector company National Buildings Construction Corporation (NBCC) is looking outside the national capital. NBCC is planning to redevelop at least three government housing projects worth Rs 5,000-6,000 crore in other parts of the country.
14 consortia show interest in Mumbai Metro's underground line
Mar 11, 2014
MUMBAI: As many as 14 consortia, including those of L&T, IL&FS and HCC, have expressed interest in the new underground section of metro.
Civic body demolishes illegal structures, fines owners
Feb 27, 2014
AHMEDABAD: The estate and encroachment department demolished illegal construction spread over 2,200 sq ft area in shed No 38 in Bhavani estate near Revabhai estate in Amraiwadi extension in Inderpuri ward on Tuesday. The industrial complex under construction was pulled down by the south zone team of the AMC after it was found being erected without proper permissions. Illegal industrial construction was being carried out on the space meant for residential purpose. The AMC is demolishing all the c
PE investments in realty up 13% at Rs 7,000 cr in 2013
Feb 25, 2014
HYDERABAD: The private equity investments in the country’s real estate during 2013 was up at Rs 7,000 crore ($1.2 billion), registering an increase of 13 per cent over 2012 (Rs 6,200 crore/ $ 1.1 billion), according to a report by global real estate consultancy Cushman & Wakefield.
Realty companies with foreign investment may buy farm land in India
Feb 22, 2014
DELHI: The urban development ministry is pushing for retrospective application of a significant change proposed in the foreign direct investment (FDI) policy for construction sector, which will allow foreign investors to purchase farm land in India.

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