Latest Realty News

Ensure quality construction of DDA flats: Lt Governor Najeeb Jung
Jan 11, 2014
DELHI: Lt Governor Najeeb Jung has directed the Delhi Development Authority officials to pay special attention on the quality of DDA flats so that there are no complaints from consumer.
CCI rejects abuse of dominance complaint against Akshaya
Jan 11, 2014
DELHI: The Competition Commission has dismissed allegations of abuse of dominant market position against real estate developer Akshaya Private Ltd with respect to residential markets in Tamil Nadu.
Panel for expansion of registration requirement of CERSAI
Jan 10, 2014
DELHI: A working group appointed by Central Registry, CERSAI, has advocated for expanding scope of registration to movable assets including jewellery as well.
Office leasing activity in Delhi-NCR picked up pace in October-December 2013: CBRE
Jan 09, 2014
DELHI: Absorption of prime office space in the National Capital Region (NCR) grew around 14% in the October-December 2013 quarter compared to the previous quarter, touching 1.7 million sq ft, according to property consultancy CBRE. The previous quarter saw a total leasing of 1.5 million sq ft.
Bharat Hospitality launches five star hotel Lalit in Chandigarh
Jan 09, 2014
DELHI: Bharat Hospitality group that owns the Lalit hotel chain has opened its doors in Chandigarh. The Lalit Chandigarh, a five star property with 179 keys was set up with an investment of Rs. 400 crore. The property is spread across four acres in Chandigarh's Rajiv Gandhi IT Park.
Haryana opens commercial zones for housing
Jan 09, 2014
GURGAON: In A move that is likely to impact construction in urban areas, particularly the NCR, the Haryana government has decided to grant mixed land use licences in commercial zones. The move will now allow developers to build residential properties in commercial complexes.
Brigade Group buys 2.25 acre plot in Bangalore for Rs 69 crore
Jan 08, 2014
DELHI: Realty firm Brigade Enterprises has bought 2.25 acres of land in Bangalore from Hindustan Coca-Cola Beverages for almost Rs 69 crore.
LARR Act: NAREDCO suggests amendments
Jan 08, 2014
DELHI: The intent of the Act seems to set standard norms for the transfer of land in order to free such deals of any dispute and thereby facilitate land transfers. However, the terms laid out within the Act are impractical and bound to result in avoidable delays and exponential cost increases, which defeat the very purpose of the Act.
ANMI Convention on sustaining growth in turbulence
Jan 07, 2014
DELHI:Focusing on the twin issues of domestic investors’ role and challenges for regulators, the Association of National Exchange Members of India (ANMI) will hold its 7th annual international convention on January 10 and 11, 2014 in the capital with the theme being “Sustaining investment growth in turbulent economic scenario”.
Sobha Developers' Q3 sales bookings fall by 6 pc to Rs 502 crore
Jan 05, 2014
DELHI: Realty firm Sobha Developers' sales bookings fell by 6 per cent in the third quarter ended December 2013 to Rs 502.3 crore due to lower sales volumes because of a slowdown in the real estate market.
CCI rules out abuse of dominant position by two realty firms, SG Estates Ltd and SKI View Hotel
Jan 04, 2014
DELHI: Fair trade regulator CCI has dismissed the allegations of abuse of dominant position against two realty companies -- SG Estates Ltd and SKI View Hotel -- with respect to development of a commercial real estate project in Vasundhara in Ghaziabad region.
Rented accommodation – a ray of hope in unaffordable scenario
Jan 04, 2014
DELHI: Affordability is the need of the hour. However, with an increase in the cost of material and high land prices, many developers have already voiced their concern over offering affordable homes. Thus, going ahead, the real estate scenario may best be described in one word – ‘unaffordable’. This is applicable for commercial as well as residential properties. This scenario is giving a push to rental markets in the country and opening up broad vistas for people who cannot afford to buy their o
Investments in realty sector grow 53% in Jan-Sep 2013
Jan 04, 2014
DELHI: Investments in the real estate sector grew by 53% in the first three quarters of calendar 2013 with an infusion of $1,885 million against $1,235 million during the same period in the previous year.
Real estate boom takes toll on groundwater
Jan 03, 2014
DELHI: Noida and Greater Noida fall in the water-rich doab — lying between two confluent rivers — area. It has Yamuna’s catchment on the one side and Hindon on the other. Yet, mindless extraction of groundwater for massive construction has caused irreparable damage to the water table in New Delhi.
Four years on, DDA announces housing scheme 2014
Jan 03, 2014
DELHI: Announcing the launch of a new housing scheme in 2014, Delhi Development Authority (DDA) said its scheme would cover all segments of society and would provide accommodation ranging from one-room tenements to three-bedroom flats. The flats will be made available in different parts of the city, DDA officials said.
Lenders bank on home loan portfolio, cut interest rates
Jan 03, 2014
DELHI: With competition in the home loan space getting intense, banks are looking to spruce up their products by either cutting rates or allowing customers to borrow larger amounts at the same rate, reports Shashidhar Jayakumar in Mumbai. M Narendra, CMD, Indian Overseas Bank, told FE his bank was toying with the idea of giving home loans at 10.25% for a value of up to Rs 75 lakh, way more than the current R30 lakh that it allows.
Developers eye Aravali green zones in Haryana
Dec 30, 2013
DELHI: “Conservation zones” in the national capital region, including the eco-sensitive Aravalis, Yamuna riverbed and areas around major water bodies, have been the main targets of Real Estate developers who sought the lifting of restrictions on “recreational activities” put in place by state government tourism policies. In a concerted approach, they appealed to the NCR Planning Board (NCRPB) to, in fact, include tourism projects under the “recreational” category.
Single Window Clearance system to be priority in 2014
Dec 28, 2013
DELHI:The NCR Chapter of Confederation of Real Estate Developers Association of India or CREDAI-NCR has mooted a proposal to intensify its efforts for a single window clearance for projects. In a meeting to take stock of 2013, Anil Kumar Sharma, president, CREDAI-NCR & CMD, Amrapali Group and the members of the body were of the view that unnecessary and sometimes motivated delays in clearances of projects and subsequently in issuing the NOC for possession purposes are not only affecting the buye
Indian retail: Managing dead mall spaces
Dec 28, 2013
MUMBAI: As a consequence of India’s retail transformation, the country has seen a substantial increase in mall space over the years. However, out of the hundreds of shopping centres operational today, only a few can be counted as genuinely successful.
Mall space availability to rise to over 95 mn sq ft in 2015
Dec 27, 2013
MUMBAI: Total mall space availability across seven top cities is expected to increase by almost 26 per cent to 95.7 million square feet by 2015, a recent survey said.
Shopping malls set to grow, not only in numbers but also in size
Dec 27, 2013
DELHI: Malls in India are getting bigger as developers are focusing on projects that can accommodate more shoppers and offer various facilities under one roof. The average size of malls is likely to increase to 470,000 sq ft in 2015 from around 380,000 sq ft now, according to a study by property advisory firm Jones Lang LaSalle (JLL).
Downside of ‘wait & watch’ syndrome for home buyers
Dec 27, 2013
DELHI: Buyer paralysis – or, as it is popularly known these days, the ‘wait-and-watch’ syndrome – is one of the main reasons today why aspiring home owners do not make their move. There are various reasons why people prefer to sit on the fence rather than in their dream home. Probably the most significant one is the negative market messaging via various information channels.
Branded homes gaining popularity in India
Dec 27, 2013
DELHI: In today’s scenario, buyers’ high aspirations, increased living standard of people, high esteem needs and pre-requisite of better living conditions has pushed developers a step forward to developing a space in the super-luxury segment known Branded Residences.
Building infrastructure at NH-24
Dec 25, 2013
DELHI: With infrastructure upgrades such as widening of NH-24 and the upcoming metro, the linkages between Delhi, Ghaziabad and Noida are expected to improve leading to real estate growth in these areas.
Office space leasing up marginally in NCR despite slowdown
Dec 22, 2013
DELHI: Office space absorption in NCR, the largest office market in the country, is slightly higher at 4.9 million sq ft during January-September period of this year despite economic slowdown in India as well as globally, according to property consultant Knight Frank.

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