Latest Realty News

Getting ready for filing income tax returns?
Feb 17, 2014
MUMBAI: By this time of the year, most salaried individuals would have received mails from the human resource team at their organisation, asking for tax saving declaration(s) for financial year (FY) 2013-14.
Builders get notices for 'illegalities' in sale of flats
Feb 15, 2014
THANE: The Bombay high court bench of Justices S J Vazifdar and B P Colabawala recently issued notices to the state chief secretary, leading developers, Income-Tax and municipal commissioners of Thane and Mumbai seeking a response to social activist Vikrant Karnik's letter alleging illegalities in sale of flats.
Finance cost pulls down Unitech net
Feb 15, 2014
DELHI: Real estate developer Unitech has posted a 61 per cent decline in its net profit to Rs 32.8 crore for the the quarter ended December 31 because of higher expenses and finance costs.
Mega business district for Mumbai, courtesy MIAL
Feb 11, 2014
MUMBAI: Mumbai is getting ready for yet another business district in an area that would be bigger than Bandra-Kurla Complex, which is home to a host of marquee names in business. Known as the GVK Skycity, the area surrounding the swanky new T2 terminal in Sahar and built by the GVK group's Mumbai Airport International Ltd (MIAL), will have 20 million sq ft of commercial space that will be bid out.
Where to focus when building your dream home?
Feb 08, 2014
DELHI: Karan, a money-conscious individual, had managed to accumulate enough funds while working as a software engineer in Delhi and decided to invest them in his dream home. He was aware of the process related to purchasing a land and hiring a contractor. However, little did he know that constructing a home requires following a practical and scrutinized construction plan. The things did not go as per the plan and Karan had to settle down with an inferior and below par home.
Housing Start Up Index launched for 27 cities
Feb 08, 2014
DELHI: There is a declining trend in the construction of housing activities in big cities such as Kolkata and Chennai whereas growth is apparent in small cities like Bhopal and Hubli in the housing sector, according to the Housing Start Up Index.
No change in property tax
Feb 08, 2014
NAVI MUMBAI: The general body approved NMMC's proposal of not hiking property tax for 2014-15. The proposal for retaining last year's rates was the sole agenda discussed in the Friday meeting, as the Nerul cylinder blast dominated the discussion. The remaining proposals were set aside for the next time.
BMC sends attachment notice to netas' societies
Feb 08, 2014
MUMBAI: The BMC has issued a property attachment notice to the Sukhada and Shubhada housing societies for non-payment of property tax.
Realtors Sabotage CRZ Laws via Unholy Links
Feb 08, 2014
KOCHI: A majority of the real estate and tourism players in the state chalk out a slow-and-steady-winning gameplan for sabotaging Coastal Regulation Zone laws, thanks to the unholy nexus among powerful businessmen, heads of social and religious organisations and politicians.
Maharashtra clarifies taxation of under construction buildings as 'works contract'
Feb 07, 2014
MUMBAI: The Maharashtra State government has come up with stage wise taxation of buildings under construction as works contract, thus facilitating recovery of around RS 5,000-6,000 crore from builders from all constructions between 2006 and 2010.
Flyover Half Done, But Land Still an Issue
Feb 05, 2014
BANGALORE: The hardships faced by thousands who commute between Bangalore North and East on the Outer Ring Road near Hennur junction is not likely to end in the near future. That’s because the Bangalore Development Authority (BDA) is yet to acquire the land required to complete the flyover here.
Housing Start Up Index launched for 27 cities
Feb 04, 2014
DELHI: There is a declining trend in the construction of housing activities in big cities like Kolkata and Chennai whereas a growth is apparent in small cities like Bhopal and Hubli in the housing sector, according to the Housing Start Up Index.
Kilpauk building locked, sealed
Jan 23, 2014
CHENNAI: Officials of the Chennai Metropolitan Development Authority (CMDA) on Tuesday sealed a multi-storey building being built on Millers Road in Kilpauk for violating its plan approval.
Business falling brick by brick for Noida demolitioners with rising cost and competition
Jan 23, 2014
NOIDA: With the overall real estate activities seeing a low in the Delhi-NCR region, many Noida-based building demolition contractors are also feeling the heat. The standalone demolishers stated declining business, spike in the running cost and competitive market to be primary reasons.
Construction cost to go up 12% in Bharuch
Jan 22, 2014
BHARUCH: Construction cost in Bharush is set to escalate by 12 per cent following the decision to increase the rates of construction material taken by Bharuch District Contractors Association on Thursday.
Crime Branch to Probe Goa Building Collapse
Jan 21, 2014
GOA: The Crime Branch will probe the collapse of an under construction building which killed 31 people in Goa's southern town of Canacona, Chief Minister Manohar Parrikar said Monday.
‘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.
Logo of housing start-up index unveiled
Jan 18, 2014
DELHI: The Housing and Urban Poverty Alleviation ministry today unveiled the logo of it housing start-up index that will indicate the health of the economy by tracking the number of houses being constructed every year.
Major industrial house moves to develop its land
Jan 17, 2014
THANE: The Thane real estate industry has finally something to cheer about. The Thane Municipal Corporation (TMC) has at last received a project proposal from one of the many defunct industries that has been lying idle for over a decade.
United Nations Global Compact to frame business practice toolkit for realty
Jan 15, 2014
DELHI: United Nations Global Compact and Royal Institution of Chartered Surveyors (RICS) will develop a toolkit for the land, real estate and construction industry to improve the business practices in this sector.
RBI relaxes FDI regulations by permitting optionality clause
Jan 14, 2014
MUMBAI: The Reserve Bank of India announced that optionality clauses may henceforth be allowed in Foreign Direct Investments (FDI), to facilitate investors to exit subject to the conditions of minimum lock-in period and without any assured return.
Arvind Kejriwal's AAP wants crack down against nexus in real estate
Jan 10, 2014
PUNE: Arvind Kejriwal-led Aam Aadmi Party (AAP) has alleged that 'criminal' collusion between politicians, bureaucrats and builders was one of the major causes behind the collapse last week of the under-construction building in Canacona, which claimed 24 lives.
Credai president ascertains all constructions follow guidelines
Jan 09, 2014
MARGAO: Goan and other investors should not harbour any undue apprehensions about the quality of construction projects in the state on account of the Canacona disaster, Jaganath 'Desh' Prabhudesai, president of the Goa unit of the Confederation of Real Estate Developers Association of India (Credai) said.
DIPP to soon float revised cab note on FDI in construction
Jan 08, 2014
DELHI: The commerce and industry ministry will soon float a revised cabinet note on relaxation of FDI norms for the construction sector.
'Monumental' Neglect Worries Historians
Dec 30, 2013
CUTTACK: Eminent historians, academics and lawmakers on Sunday came together to call for concerted action towards protection of old and ancient monuments from the onslaught of urbanisation.

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