Latest Realty News

Nod to hive off BSNL's tower into subsidiary
Feb 01, 2014
DELHI: The government on Friday gave an in-principle approval to hive off BSNL’s tower assets into a separate subsidiary.
Brokers in NCR region integrate to grow in relevance
Jan 31, 2014
DELHI: A large number of Delhi-NCR based small real estate brokers are joining popular platforms to get a wider bottom-up reach. While these big platforms are educating the nuances of modern day practices adopted by the industry to small brokers, apart from giving them the brand value, the former too is benefiting by getting more penetration into the micro markets. Experts believe that adopting technology and remaining connected is the only way out, working in isolation would make them obsolet
CCI rules out abuse of dominant position by Omaxe
Jan 29, 2014
DELHI: Fair trade regulator CCI has rejected a complaint that alleged realty firm OmaxeBSE 0.49 % of indulging in anti-competitive practices with respect to development of residential plots in Sonepat district of Haryana.
Project money being diverted to fund poll campaigns, realtors fear labour crisis too
Jan 28, 2014
DELHI: In Noida, part of the National Capital Region and home to a burgeoning middle class, a builder is wondering where he'll find the money to finish building about 1,200 apartments that are to be delivered by the middle of next year. Unless he can find some cash, the construction will grind to a halt. But all the usual sources of funds have dried up, at least until the general election is over.
Why integrated townships are the way forward
Jan 28, 2014
DELHI: In today’s real estate scenario, the trend seems to be leaning towards integrated townships. Is there a demand for it? If so, what are the key drivers? And more importantly, what comprises a truly integrated township?
Land price on a high as DDA set for pooling policy
Jan 28, 2014
DELHI: Land prices on the outskirts of Delhi have risen significantly and in many cases have as much as doubled over a period of 18 months following the announcement of land pooling policy by Delhi Development Authority (DDA). The prices may rise further, once the finer details of the policy are out. The final policy is expected within a month.
Supertech to raise Rs 1,000 cr through PE this year
Jan 27, 2014
DELHI: Realty firm Supertech plans to raise Rs 1,000 crore this year through private equity to fund ongoing projects and is in discussions with a few firms.
Land development: Need for government’s role change
Jan 27, 2014
DELHI: In a developing culture, there is a need for land development, which focuses primarily on converting the pre-existing land into something useful. For example, for converting semi-natural estates, such as factories, into livable spaces, such as condominiums, changes in certain land reforms are needed.
Realty a better buy in smaller towns
Jan 27, 2014
DELHI: Smaller towns and cities closer to metros and industrial hubs are seeing significant housing demand, on the back of lower land cost and increased prosperity. This is in sync with the earnings of HDFC, which cited growth in retail loans across smaller towns, for posting good numbers for the third quarter.
Leela might get more time to complete debt restructuring
Jan 23, 2014
DELHI: Hospitality company Hotel Leelaventure is likely to get an extension for its corporate debt restructuring (CDR) exercise, scheduled to be completed by March.
Gurgaon real estate developers expect to recover from slowdown in 2014 with new government at centre
Jan 23, 2014
MUMBAI: The real estate sector, which showed sluggish business during the last year, has a lot of expectation from the year 2014. Though the players in Millennium City admit that they are expecting the growth only after the general elections, scheduled to be held in May, but still they are hopeful that their business will recover and will see new highs this year.
Conman arrested in Noida Phase-II
Jan 23, 2014
NOIDA: A person was arrested in Noida Phase-II on Wednesday for allegedly duping several people of lakhs of rupees, while his aide is still on the run.
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.
Gurgaon to see number of lease renewals in office spaces in 2014&15: Report
Jan 22, 2014
GURGAON: Gurgaon is expected to witness significant number of lease renewals in office spaces 2014 and 2015 as companies that had set up offices in 2004 - 2006 are approaching the end of their lease terms .
Cabinet approves Japanese loan assistance for DMIC Projects
Jan 22, 2014
DELHI: The Cabinet Committee on Economic Affairs has approved the utilisation of Japanese assistance under the Japan International Cooperation Agency (JICA) through Special Terms for Economic Partnership (STEP) of Japanese official development assistance loans for the Delhi Mumbai Industrial Corridor (DMIC) project and the operational rules, terms and conditions of this tied loan facility.
Supertech to invest Rs 1350 crore on new housing project in Noida
Jan 21, 2014
DELHI: Realty firm Supertech will invest Rs 1,350 crore over the next three years to develop a new housing project in Noida.
Haryana's Jind and Karnal becomes part of NCR zone
Jan 21, 2014
DELHI: Delhi's population growth rate has declined in the last decade and the national capital region (NCR) witnessed another expansion today with the inclusion of two Haryana districts Jind and Karnal.
NCR board allows tourism in eco zones
Jan 21, 2014
DELHI: In what is being described by activists as an environmental disaster, the NCR Planning Board on Monday cleared crucial provisions to allow tourism in natural conservation zone (NCZ) such as Aravalis, Yamuna riverbed and areas around major water bodies, albeit setting a cap on the area that can be used for tourism. Activists say that this is the thin end of the wedge as, once allowed, there will never be a proper mechanism to measure that the cap is really being observed.
New DDA chief eased land row
Jan 21, 2014
NOIDA: Balwinder Kumar, the IAS officer who steered the Noida Authority through the land acquisition crisis two years ago, has been appointed vice-chairman of Delhi Development Authority. Kumar will take the reins from D Diptivilasa. Before his appointment, Kumar was development commissioner with the Union textiles ministry.
Retirement homes: Making retirement living fun
Jan 21, 2014
DELHI: In any city of India you will find a number of senior citizens living alone in palatial houses. Most of these senior citizens have children who have either gone abroad for work or are living in some other city. Some have the children living just a few kilometres away. Life has certainly changed a lot in the last 20 years for the retired older generation. But things are going to get better as retirement homes have started coming up across India.
Supertech announced the launch of ‘The Romano’
Jan 21, 2014
NOIDA: Supertech Limited, India’s leading real estate developer, after successfully deliveringmany magnificent projects in Noida has announced the launch of another residential project ‘The Romano’ – Roman Style living in Sector 118, Noida. The project will be a perfect mélange of ancient glory and contemporary luxury.
Tata Housing plans to launch villas priced at Rs 130-170 cr in Delhi
Jan 19, 2014
DELHI: Realty major Tata Housing plans to develop a super luxury residential project in the heart of national capital comprising 4-5 expensive villas in a price range of Rs 130-170 crore each.
NCR expands, planning lags
Jan 18, 2014
DELHI: With elections round the corner, the Union government has decided to expand the areas included under the National Capital Region (NCR) with the districts of Jind and Karnal in the state of Haryana all set to be brought in.
Land compensation under new law: HUDA
Jan 17, 2014
DELHI: Villagers objecting to the acquisition of 700 acres of land in Gurgaon by the state government last December were on 16 January assured that they would be compensated according to provisions of the new Land Acquisition, Rehabilitation and Resettlement Act 2013. The new law came into force on January 1, 2014.
Gurgaon build plans below 100 sq m may get nod
Jan 17, 2014
DELHI: The MCG House meeting on 15 January discussed a proposal wherein plots whose size is less than 100 sq m will also get their building plans sanctioned. At present, the building plans of only those plots which are above 100 sq m are approved by the MCG.

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