Latest Realty News

Otis sees scope for growth in India's real estate market
Oct 07, 2013
DELHI: Leading manufacturer of elevators, US-based Otis, is betting big on India’s real estate market, mostly vertical, to grow its business in the country. In spite of all the talk of a slowdown in real estate, Otis Elevator Company’s president (Asia Pacific area), Patrick Blethon, who’s here for a week, told Business Standard that the pace of construction in India could create a new Chicago every year for the next 30 years in terms of the built-up area.
Government land in Noida freed from encroachments
Sep 26, 2013
NOIDA: The Noida Authority on Tuesday freed 20,000 sqm of government land worth about Rs 150 crore from encroachment along the Noida-Greater Noida Expressway. A police complaint was also lodged by the agency against illegal colonizers for criminal conspiracy, cheating, forgery and fraud. One person has been arrested in the case.
Industry dept working on relaxing FDI norms for construction
Sep 18, 2013
DELHI: The Government has started work on easing foreign direct investment (FDI) norms in construction development to attract more foreign capital in the cash-strapped sector.
2,000 flats will be up for grabs in South Delhi soon
Sep 12, 2013
DELHI: Planning to own a flat in Delhi? You have reason to cheer. The Government-owned National Buildings Construction Corporation (NBCC) plans to sell around 2,000 flats in South Delhi to the general public.
NBCC to build 10,000 housing units by 2018
Sep 11, 2013
DELHI: State-run construction giant NBCCBSE 0.21 % today said it plans to aggressively tap the real estate market and has set a target to build 10,000 housing units by 2018, entailing an investment of about Rs 6,000 crore.
RBI move may spoil the party for realty players
Sep 05, 2013
DELHI: The slowdown-hit realty players had found a sweet spot in the 80:20 scheme for home buyers. But the Reserve Bank of India’s move to bar banks from giving upfront loans for under-construction projects through such schemes may have disastrous consequences, developers say.
Land Bill, a retrograde step: Industry
Sep 01, 2013
DELHI: India Inc today termed the Land Acquisition Bill passed in Lok Sabha as a "retrograde" step, saying it could have "adverse consequences" on the country's industrial and infrastructural development.
Top brands to converge at construction, architecture and design summit
Aug 12, 2013
CHENNAI: Construction, Architecture & Interiors, the Build & Design Exhibition 2013, to be organised by Business Line, will showcase prestigious brands from across the globe in Chennai.
India Ratings maintains negative outlook for construction sector
Jul 17, 2013
HYDERABAD: Liquidity related concerns and execution challenges continue to impact the infrastructure sector in the country, according to India Ratings & Research.
Extend amnesty to illegal constructions till June: BJP
Jul 17, 2013
DELHI: Delhi BJP today demanded amnesty for all illegal constructions existing in the city till June this year and asked the Centre to change the Master Plan to give them permanent legal status.
'Liquidity improvement, faster execution crucial for construction sector'
Jul 13, 2013
HYDERABAD: Liquidity related concerns and execution challenges continue to impact the infrastructure sector in the country, according to India Ratings & Research.
Allahahabad High Court dismisses petition against ANS Constructions Ltd and M Tech Developers
Jul 10, 2013
LUCKNOW: The Lucknow bench of Allahahabad High Court has dismissed a bunch of petitions filed against ANS Constructions Ltd and its subsidiary M tech Developers, in a case related to developing a housing scheme in the state capital, according to a press release issued by the company.
Karnataka plans to regularise unauthorised buildings in govt land
Jul 09, 2013
BANGALORE: Karnataka government has planned to introduce an amendment to the Karnataka Land Revenue Act 1964, to regularise unauthorised constructions of dwelling houses in government lands in urban areas, official sources said.
This is an extremely strategic acquisition for L&W Construction Pvt Ltd, and one of Bangalore's larg...
Jul 05, 2013
DELHI: Property consultant Jones Lang Lasalle (JLL) India today said it has facilitated a 25-acres land deal in Bangalore being purchased by L&W Construction for Rs 100 crore.
Green buildings in India: Hyderabad spearheads the change
Jun 29, 2013
HYDERABAD: The future of real estate strongly associates with ‘Green Buildings’. Despite the fact that almost all real estate developers acknowledge it, only a handful of them are able to follow. Launching a green project, from a real estate developer’s perspective, is commercially unviable and thus not necessary. And they are right to a large extent. Since green projects require a relatively higher level of initial capital expenditure, developers find it difficult to go ahead unless they are su
Won’t allow high-rises in Delhi as long as I’m alive: Sheila
Jun 29, 2013
DELHI: Delhi Chief Minister Sheila Dikshit on Friday continued to oppose Urban Development Minister Kamal Nath’s push for vertical growth in the city, saying she will not allow construction of high-rise buildings as long as she is alive.
Govt relaxes norms for construction of third floor in residential buildings
Jan 08, 2013
New Delhi: Spelling major relief to Delhi residents, the Delhi government has relaxed norms for construction of an additional floor in residential buildings with multiple ownership.
Regularisation of 200 unauthorised colonies gets go ahead
Jan 08, 2013
New Delhi: With an eye on assembly polls later this year, Delhi Government today gave an in principle approval for regularisation of over 200 unauthorised colonies in the city to pave the way for their development on par with other areas in the city.
About 50% homes due for 2013 delivery to be delayed on slow construction approvals, liquidity issues
Nov 17, 2012
NEW DELHI: Here's a shocking piece of news for those waiting to take possession of their homes next year. A new survey has found that nearly half of the 323,000 homes to be delivered in 2013 are lagging behind construction schedule, with a third not ready for a housewarming before 2014.
Registration of Andhra Pradesh Housing Board projects put on hold
Nov 02, 2012
HYDERABAD: Property registrations of various residential and commercial projects being taken up jointly by the Andhra Pradesh Housing Board (APHB) and private players have come to a standstill.
Union Cabinet clears amendments to aid construction workers
Nov 01, 2012
New Delhi: Giving more teeth to two laws dealing with welfare of construction workers, the Union Cabinet today approved amendments which among other things eases some restrictions for availing benefits.
Ex-IPS officer labels Sharad Pawar, Ajit, Supriya corrupt in Lavasa case
Oct 18, 2012
Mumbai: In the season of scams, Union Minister Sharad Pawar and his close relatives were today dragged into a corruption scandal by a former IPS officer-turned-lawyer for benefitting a private developer by allegedly bestowing undue favours for the controversial Lavasa hill city project. Y P Singh, a former IPS officer of Maharashtra cadre, alleged that Ajit Pawar, irrigation minister and nephe
Municipal Corporation yet to get clearance to construct community parking in Chandigarh from UT
Oct 17, 2012
CHANDIGARH: As the parking problem in the residential areas has been increasing day by day, UT architect wing is hardly bothering on the idea of construction of community parking lots despite proposal by the MC. Recently, the MC sent three proposals of community parking in sector 18, 19 and 21 to the architect wing for approval, but no communication has come in this regard so far. As per MC in la
Noida sec 75, 120 construction stayed
Oct 04, 2012
Allahabad: Projects of at least 6 builders in Noida hit, petition says land wasn’t formally acquired from farmers. The Allahabad High Court on Wednesday stayed construction of multi-storey residential projects of nearly half a dozen private developers in Sector 75 and Sector 120 of Noida. The court took the decision while hearing of a petition, which alleged that the Noida Authority allotte
Credai Odisha initiate awareness program amongst construction workers to avail due benefits .
Aug 16, 2012
Credai has started initiative of creating awareness amongst construction workers to get registered with Labour department to avail various benefits from government schemes .As per the provision labour cess collected@1% from all constructions works under going in the State and deposited in the Orissa Building and other Construction Workers Welfare Fund. This fund should Utilize in extending di

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