Latest Realty News

VBHC launches VAIBHAV Phase II in Delhi NCR
Feb 22, 2014
DELHI: Value and Budget Housing Corporation (VBHC), pioneers of affordable housing in India, have announced the launch of Phase II of their Project Vaibhav in NCR- Bhiwadi region. Vaibhav Phase II will have a total of 395,866 sq ft 2BHK apartments. The township is built in 5 towers of 2 basements& 10 floors each and the project is spread across 4 acres of land.
Lokpal: Govt employees to file separate property returns
Feb 19, 2014
DELHI: All government employees have to file a revised declaration, information or return of their liabilities and those of spouse and their dependent children as per the mandatory requirement under the Lokpal regime, which came into being two days ago.
Correct portfolio mix can increase returns
Feb 18, 2014
DELHI: To optimize an investor's returns from a portfolio and minimize the risks in it, there should be a correct mix of investment options. And such options could include mutual funds (both debt and equity), fixed deposits (FDs), insurance, gold and real estate.
India Inc's capital costs sail northwards: EY survey
Feb 17, 2014
DELHI: Corporates in India are incurring increased cost of capital unlike the developed world, mainly due to higher interest rates, says a survey.
DLF appoints three new directors
Feb 17, 2014
DELHI: Realtor DLF on Saturday said it has appointed three directors on its board to strengthen its management.
Govt destroying Aravali green cover to push realty: Activists
Feb 17, 2014
DELHI: Environmental activists have alleged large-scale felling of trees in the Aravalis, particularly in Mangar and Roz Ka Gujjar, as the Haryana Government pushes hard to get its revised sub-regional plan approved by the NCR Planning Board. The activists allege the ploy behind clearing of forests is to project that many areas in this region have no vegetation.
Build houses on plots or face cancellation of allotment
Feb 13, 2014
NOIDA: With the Noida Authority changing the building bylaws in its board meeting, landowners in the city will have to either construct on vacant plots within two years or sell them to someone else otherwise the property will be confiscated. Official sources said the move to amend the building bylaws is aimed at ridding Noida of encroached vacant plots. As per the amendment, owners will now have to build on 100% area of the allowed Floor Area Ratio (FAR) of plots instead of 50% that was allowed
DLF may not gain much from stake sale in Aman Resorts
Feb 12, 2014
DELHI: The stake sale in Aman Resorts may not have a significant impact on the earnings of real estate developer DLF. Despite several asset sales in the past, DLF's stock has halved in the past one year due to the company's weak operational and financial performance.
Home sales bounce back in December quarter, clocks 22% rise in top 6 cities
Feb 12, 2014
DELHI: After several quarters of tepid growth, home sales bounced back in the three months to December with a 22 per cent rise in top six cities, according to property research firm Liases Foras.
Realtors offering 'branded' homes to beat slowdown
Feb 12, 2014
DELHI: Domestic property developers tying up with international designers for residential projects seems to be a trend the country's luxury real estate sector is hooked on. On offer are products ranging from homes based on the Disney theme to Spanish-style living and interiors designed by the likes of Italy's Tonino Lamborghini, Casa and Armani.
DLF may not gain much from stake sale in Aman Resorts
Feb 11, 2014
DELHI: The stake sale in Aman Resorts may not have a significant impact on the earnings of real estate developer DLF. Despite several asset sales in the past, DLF's stock has halved in the past one year due to the company's weak operational and financial performance.
DLF to get Rs 700-crore refund from DDA
Feb 11, 2014
DELHI: Realty major DLFBSE -0.49 % will get a refund of around Rs 700 crore from the Delhi Development Authority (DDA) for returning a 35-acre plot of land it had acquired in 2007 in Dwarka to build a convention centre, a senior company executive said.
Services sector contracts for 7th straight month: PMI
Feb 08, 2014
DELHI: In January, India’s services sector contracted for a seventh consecutive month, showed the HSBC Purchasing Managers’ Index (PMI).
Hinduja group to invest Rs 6,200 crore in India across sectors like real estate and media
Feb 07, 2014
GREATER NOIDA: Looking for opportunities in India despite economic slowdown, diversified Hinduja Group today said it would invest a billion dollars (about Rs 6,200 crore) across sectors like real estate and media.
Govt to launch Integrated Processing Development Scheme
Feb 07, 2014
DELHI: To address the environmental issues faced by textile processing units, the government will come out with a new Integrated Processing Development Scheme, Parliament was informed today.
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.
DDA to raise floor area ratio for hotels by up to 66%
Feb 04, 2014
DELHI: The Delhi Development Authority has decided to increase the cap on total floor area for hotels by up to 66 per cent, DDA vice chairman Balvinder Kumar said on Friday.
6 investment hotspots along Delhi-Jaipur belt
Feb 01, 2014
DELHI: The 250-km stretch between Delhi and Jaipur has become a hotbed for real estate development, with areas like Manesar, Dharuhera, Bhiwadi, Neemrana, Kotputli and Alwar becoming the new catch words for investors.
DDA okays draft land pooling policy
Feb 01, 2014
DELHI: The real estate potential of about 70,000 acres in outer Delhi locations like Mehrauli, Bijwasan, Chhatarpur and Ghitorni came one step closer to realization with DDA board of directors approving draft regulations of land pooling policy in their last meeting.
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.
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.

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