Latest Realty News

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.
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.
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.
Unitech to sell two hotels near Delhi, land parcels in southern cities
Jan 16, 2014
DELHI: Unitech, India's fourth-biggest real estate firm, has put two hotels near Delhi and some land parcels in southern cities on the block as it seeks to raise 800-900 crore to pare debt, two people close to the development said.
Unitech in talks to sell two hotels in NCR for about Rs 600 crore
Jan 16, 2014
DELHI: Realty major Unitech plans to sell its two hotels in Noida and Gurgaon for an estimated Rs 600 crore as part of the strategy to divest commercial properties.
World's ultra-rich hold a fifth of their wealth in real estate
Jan 16, 2014
DELHI: The world's super rich people hold a fifth of their wealth in property, estimated at USD 5,328 billion, while Asia's ultra rich have a greater share in real estate, a report says.
World's ultra rich hold a fifth of their wealth in real estate
Jan 16, 2014
DELHI: The world's super rich people hold a fifth of their wealth in property, estimated at USD 5,328 billion, while Asia's ultra rich have a greater share in real estate, a report says.
ASK Group set to raise $200 million offshore real estate fund
Jan 15, 2014
DELHI: ASK Group, a diversified financial services group, today announced the first close of $50 million of their $200 million offshore real estate focused fund.
Ten stocks that can return upto 50% in 2014
Jan 14, 2014
DELHI: The S&P BSE Sensex managed to bounce back on Monday even though the macro triggers remain muted with IIP data reflecting the underlying weakening production trend in the manufacturing sector. Today, the index is witnessing dull trade.
EPFO may provide housing to subscribers on additional payment of 10 pct
Jan 14, 2014
DELHI: Besides managing retirement funds, EPFO may come out with a scheme to provide housing to its over 5 crore subscribers on additional contribution of 10 per cent by them from their basic wages every month.
Extend date for payment, say allottees
Jan 14, 2014
DELHI: Fed up with the quality of construction at Ganga Complex in Vasant Kunj, scores of residents are writing to DDA saying it shouldn't expect money for the flats it hasn't provided. DDA developed the flats for their last housing scheme in 2010. In December it had announced that the flats were ready and had asked for the full payment in the demand letter. After getting the letters, several allottees had been visiting the site and were upset with the state of affairs.
News of LG Najeeb Jung visit moves DDA in Vasant Kunj
Jan 14, 2014
DELHI: Flat owners in Vasant Kunj and Mukherjee Nagar were amazed as DDA officials took charge and finished work that hadn't moved in six months.
DDA forms cell for land pooling
Jan 14, 2014
DELHI: The city has got a cell to implement and monitor the land pooling policy. The decision was taken at the DDA's board meeting on Friday. In addition, the Delhi government has been given 60 flats in CWG Village, a cause of friction with the land-owning agency last year. Addressing another major concern, the conversion of property from leasehold to freehold-the LG asked Delhi Development Authority to prepare a timeline for all the departments concerned so that delays and any irregularity can
DIPP may seek cabinet nod for Amritsar-Kolkata corridor
Jan 14, 2014
DELHI: The government plans to revive an industrial infrastructure programme that's aimed at creating jobs and giving manufacturing a push besides having the added advantage of being concentrated in some of India's more politically crucial states, months ahead of a general election.
Rod Hunter: Why India needs to take intellectual property seriously
Jan 13, 2014
DELHI: Dr Reddy's Laboratories' chairman, G V Prasad, called for the Indian pharmaceutical industry to move up the value chain from generics through investing in research and innovation, reported the Business Standard last week. Mr Prasad's aspirational call to action is, however, a sad reminder of how the government's policies create a hostile environment for investment and hobble Indian creativity. A salient example of these counterproductive policies are the attacks on some 15 medicine patent
Kept out of free water scheme, housing societies cry foul
Jan 13, 2014
DELHI: THE Aam Aadmi Party (AAP) may have fulfilled its poll promises on free water and cheaper power, but scores of households which have not been extended the benefits, especially group housing societies, have accused the government of “step-motherly” treatment.
FIIs pour in over Rs 3,500 crore in debt market
Jan 12, 2014
DELHI: Overseas investors have pumped in over Rs 3,500 in the Indian debt market so far in January, when the US Federal Reserve is scheduled to start reducing its monthly bond purchases by $10 billion.

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