Latest Realty News

Construction cost up 25-30% in last four years, says JLL
Dec 27, 2013
HYDERABAD: The absolute cost of construction has increased 25-30 per cent over the last four years and the capital values have gone up by about 20 per cent in major cities in the country, according to real estate consultancy Jones Lang LaSalle.
Locals protest eviction from 'Jagannath land'
Dec 21, 2013
BHUBANESWAR: A large number of people on Friday staged a demonstration at Jatni, about 20km from here, protesting against the state government's move to settle their land in favour of Puri's Jagannath Temple.
Realty Surprisingly Static in Krishna, Guntur Districts
Dec 16, 2013
GUNTUR: Even as the T-bill reached the state capital and Assembly and a hot debate was raging across the state about the creation of a new Telangana as the Union government has firmly determined to divide the state to keep its promise, the realty business has not been picking up in the Krishna and Guntur districts.
Plea filed in HC challenging Khar highrise
Dec 16, 2013
MUMBAI: The construction of a plush residential skyscraper on a tiny plot opposite Khar Gymkhana has been challenged in the Bombay high court on the grounds that it is "illegal''.
No new buildings on roads not 6m
Dec 16, 2013
PATNA: After the new building bylaws come into force, the road width along the new building in any town in the state would decide its height and in no case, a building - residential or commercial - would be allowed to be constructed along a road that is less than six metre wide.
Metro construction damages 212 buildings
Dec 16, 2013
CHENNAI: Metro rail tunneling caused cracks in 212 buildings in the city, reveals an RTI application filed by TOI. The RTI also shows that the damages are not limited to old buildings in north Chennai.
Blacklist whip on architects Move to restrict illegal buildings
Dec 10, 2013
BHUBANESWAR: The hammer has fallen on illegal buildings, now it’s the turn of “errant” architects to be blacklisted.
Illegal constructions of eight properties demolished
Dec 09, 2013
SURAT: As a first part of the mega Demolition drive under taken by Surat Municipal Corporation (SMC) , illegally constructed portions of eight properties were demolished in Central zone area of the city. In all 69,00 sq meters of illegally constructed top floors of properties were demolished with the help of 150 strong staff and machines.
Avant launches flooring panel in Northern region
Dec 07, 2013
DELHI: Avant, a Germany-based interior furnishing company, has launched its flooring panel in the northern markets through its joint venture partner NCC Urban, a subsidiary of Nagarjuna Construction Company Limited.
BDA likely to blacklist architect
Dec 07, 2013
BHUBANESWAR: After bringing down a five-storied building in Ashoknagar, Bhubaneswar Development Authority (BDA) has geared up to blacklist an empmelled architect who had submit­ted the plan approval for the illegal structure.
Insufficient labour paving way for automation in construction industry
Dec 05, 2013
Uttar Pradesh: The construction industry is labour intensive and therefore, dependent on manual workers from states like Bihar, Uttar Pradesh etc. However, the industry is grappling with a shortage of these workers, mainly because of the Government providing cereals at low or no cost along with ample new job opportunities and improved conditions in their native and nearby states. This has resulted in a decrease in migrants to metro cities for livelihood and has already started affecting the cons
Govt.working on a mechanism for speedy resolution of Infrastructure Projects disputes
Nov 23, 2013
DELHI: The second day of EXCON 2013 started with a Conference on ‘Sustainable Infrastructure Development’ organized by the Indian Construction Equipment Manufacturers’ Association (ICEMA) in association with the Confederation of Indian Industry (CII). EXCON 2013, South Asia’s biggest exhibition of Construction Equipment (CE) is being held in Bangalore from 20th to 24th of November, 2013 at the Bangalore International Exhibition Centre, Bangalore.
Sobha Developers Q2 profit up 26%
Nov 08, 2013
BANGALORE:Sobha Developers Ltd’s profits are higher by 26.16 per cent at Rs 51.6 crore on a standalone basis for the second quarter of the financial year 2013-14 compared with the corresponding period last year (Rs 40.9 crore).
Aussie training institute eying Indian market
Nov 08, 2013
HYDERABAD: The Service Trades College, Australia, which provides training for construction industry workers, is exploring opportunities to partner with the Indian industry and training institute for its services.
Flat sale in the VAT net
Nov 06, 2013
MUMBAI: Recently, in the case of Larsen & Toubro, the Larger Bench ruled that Value Added Tax (VAT) would apply on “under-construction property”, and upheld two earlier decisions from the Supreme Court and the Bombay High Court.
BBCL Sukriti offers luxury apartments
Oct 28, 2013
CHENNAI: Bharat Building Construction (I) Pvt. Ltd is developing ultra luxury apartments in T. Nagar, the residential and commercial hub of Chennai.
‘BDA, BMC responsible for city waterlogging’
Oct 28, 2013
BHUBANESWAR: Kalinga Sena supremo Hemant Rath on Sunday alleged that the waterlogging in the capital city caused due to the torrential downpours for five consecutive days is ‘manmade’ and the Bhubaneswar Development Authority (BDA) and the Bhubaneswar Municipal Corporation (BMC) are highly responsible for the problem.
Office space supply falls sharply by over 75% in Jul-Sept
Oct 22, 2013
DELHI: Office space supply fell by more than 75 per cent during July-September period in the top seven cities compared with the previous quarter due to high vacancy in completed buildings and poor commitments in the under- construction projects, according to property consultant CBRE.
Kochi-based firm bags Rs 44cr Cyberpark building contract
Oct 22, 2013
KOZHIKODE: Putting an end to the three year long delay in finding a contractor for the government Cyberpark project, billed as the cornerstone of IT dreams of North Kerala, the meeting of the board of directors of Cyberpark held here on Thursday decided to award the work contract of the Rs 44 crore IT building project to a Kochi- based company.
Corp's squad disbanded, illegal buildings flourish
Oct 21, 2013
KOCHI: The special squad constituted by the revenue wing of the corporation to check unauthorized constructions in the city was disbanded one-and-a-half years though it had unearthed 248 such instances in 2011. The corporation also failed to collect the fine slapped on building owners when it faced severe fund shortage.
To unlock FDI, govt to ease lock-in period for realty
Oct 16, 2013
DELHI: Much to the cheer of foreign real estate developers, those investing in India’s construction sector might be allowed to exit before the mandatory three years stipulated at present. However, for that, they would have to complete the project and procure completion occupancy certificates from local authorities.
Bombay High Court to decide on transfer of Lavasa case to green tribunal
Oct 10, 2013
MUMBAI: The Bombay High Court today said it would decide whether the case pertaining to alleged irregularities by Lavasa township near Pune can be transferred to the National Green Tribunal, set up to handle environment protection related issues.
HC seeks status report on illegal construction on govt land
Oct 10, 2013
DELHI: The Delhi High Court has sought status report from DDA and other agencies of city government on a PIL alleging "rampant" illegal construction on public land in and around the capital.
Curbs on realty foreign direct investment below 50% may stay
Oct 09, 2013
DELHI: The government may reject the urban development ministry's proposal to scrap all restrictions on foreign direct investment below 50% in real estate on the grounds that there can be no exemptions on rules such as minimum area norms.
Govt mulls easing FDI rules for construction development
Oct 08, 2013
DELHI: In a bid to bring foreign money to the cash-strapped realty sector, the department of industrial policy and promotion (DIPP) has moved a Cabinet note seeking relaxation of riders on foreign direct investment (FDI) in the construction development sector. The move comes after FDI in real estate dropped 57 per cent year-on-year in 2012-13 .

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