Latest Realty News

HDIL Q2 net down 70% at Rs 42.7 cr, income up 66%
Nov 15, 2013
DELHI: Realty firm HDIL today reported a 70 per cent fall in consolidated net profit at Rs 42.70 crore for the second quarter ended September 30, 2013-14 despite higher sales as expenses rose sharply.
Government defers proposal on relaxing FDI norms for housing
Nov 14, 2013
DELHI: The government today deferred a proposal on relaxing FDI norms for the housing sector. "Minister of Urban Development Kamal Nath has requested for deferment of the proposal," a source said.
Part III: De-mystifying capital gains
Nov 14, 2013
DELHI: Just as buying real estate is a big decision for investors, so is selling. The profits that one makes in real estate may seem lucrative, however, it brings along liabilities in the form of taxes. Since many end-up paying a large amount as taxes on property selling, a sound knowledge of capital gains and ways to save taxes may help buyers.
Apex court stay on demolition gives temporary relief
Nov 14, 2013
MUMBAI: Dozens of packed boxes scattered around and two corners full of toys of their three-year old grand-daughter Sanvi left untouched arewhat greets you when you first enter the home of Dr Pramod D Potdar on the 8th floor of the midtown building in the Campa Cola building complex.
Part II: De-mystifying capital gains
Nov 13, 2013
DELHI: Just as buying real estate is a big decision for investors, so is selling. The profits that one makes in real estate may seem lucrative, however, it brings along liabilities in the form of taxes. Since many end-up paying a large amount as taxes on property selling, a sound knowledge of capital gains and ways to save taxes may help buyers.
DDA's land-pooling policy: Will it dampen property prices in NCR?
Nov 13, 2013
DELHI: Can runaway property prices in Gurgaon and Noida be reined in? That could happen with about 40,000 acres of land expected to come into the market because of Delhi's new land-pooling policy. This could mean some 1.5 million apartments will be launched over the next three-four years in the city, possibly having an impact on the appreciation in the value of property in the wider National Capital Region, which includes Gurgaon and Noida.
Pirmal Group's PE firm Indiareit raises Rs 800 cr fund to invest in real estate
Nov 13, 2013
DELHI: Pirmal Group's real estate private equity firm Indiareit Fund Advisors today said it has raised Rs 800 crore capital through a scheme.
Parsvnath to build township at Gurgaon-Sohna road for Rs 1,100 cr
Nov 13, 2013
DELHI: Parsvnath DevelopersBSE -1.34 % will invest Rs 1,100 crore over the next four years to develop a large, integrated township on Gurgaon-Sohna road.
Checklist to buy a property: Santhosh Kumar, CEO-Operations, Jones Lang LaSalle India
Nov 12, 2013
DELHI: The current slowdown in the Indian economy has impacted several sectors, including real estate. Apartment sales volumes have plummeted and inventories have piled up, creating an ideal environment for buyers to negotiate with developers.
Top realtors rush to hills to tap holiday home demand
Nov 12, 2013
DELHI: Luxury holiday homes in the hills are once again becoming an object of desire and India’s top real estate companies are ready to meet this demand, especially as the slowdown has eroded sales in urban markets. Entrepreneurs, retired industrialists and top executives are all looking to pick up a second home to get away from the hassles of city life.
What to do in case of theft of property documents
Nov 12, 2013
DELHI: The loss, theft or misplacement of property documents is a cause of concern forproperty owners since no transaction can be completed without checking the original sale deed.
Essential questions that home buyers must ask their real estate developer
Nov 11, 2013
DELHI: Buying an apartment is fraught with risks. From choosing the right builder to ensuring that he is the actual owner of the land on which he is developing the project, there are many issues that you need to look into before deciding to put your life's savings in a builder's project.
Harsh realty for builders as banks tighten lending rules
Nov 11, 2013
DELHI: The real estate sector, accounting for the maximum number of new projects — 53 of 173, each above Rs 250 crore, in April-September this fiscal — is facing difficulties in achieving financial closure for these projects.
Top realtors like DLF, Tata Housing, Fire Capital rush to hills to tap holiday home demand
Nov 09, 2013
DELHI: Luxury holiday homes in the hills are once again becoming an object of desire and India's top real estate companies are ready to meet this demand, especially as the slowdown has eroded sales in urban markets. Entrepreneurs, retired industrialists and top executives are all looking to pick up a second home to get away from the hassles of city life.
Make your home a work of art
Nov 09, 2013
DELHI: Afraid that flooring will be too bland? Or those painted walls will fade away the festive bling in your room? Stop worrying! To cut the monotony NITCO introduces its Grandeur collection which helps you bring home the stories of African, Spanish, Italian and Mediterranean art while it stuns your guests.
Be smartly lazy with interactive ACs and door locks
Nov 09, 2013
DELHI: Trane, a heating, ventilation and air-conditioning systems company, has launched an online campaign, “Be Smart, join the Lazy Revolution” to inform consumers about its interactive air-conditioners and door locks. The teasers started on October 24 and went live from October 31.
Luxury is the way of life for young home buyers
Nov 09, 2013
DELHI: In India, real estate industry is bringing ample investment opportunities in the market. With improving standard of living, changing demographics and better availability of loans, demand has undoubtedly grown in the last five years.
How to improve your credit history and score
Nov 09, 2013
DELHI: An individual’s CIBIL report and score, other than his/her income, is the single most important tool used by a lender to evaluate application for any loan or credit card. It is therefore important for you to check your credit report and score before applying for a loan, so that it is viewed favourably by lenders.
Aditya Birla Realty Fund invests Rs 125 crore in Tata Housing’s dwarka project
Nov 08, 2013
DELHI: The real estate fund of Aditya Birla Group has invested Rs 125 crore in a residential housing project being developed jointly by Tata Housing and Sidhartha group on the Dwarka Expressway in Gurgaon, two people familiar with the development said.
3C Company to invest Rs 3,500 crore on mixed-use project in Noida
Nov 08, 2013
DELHI: Realty firm The 3C Company said it will invest Rs 3,500 crore on developing a mixed use project at Noida comprising a 5-star hotel and branded homes, to be managed by hospitality major Four Seasons Hotels and Resorts.
Parsvnath looks to monetise land assets in southwest region
Nov 07, 2013
DELHI: Realty firm Parsvnath DevelopersBSE -0.38 % today said it plans to monetise non-core land parcel in South- West India either through joint ventures with local builders or outright sale of plots.
'Dwarka Expressway sees nearly 3-fold jump in housing rates'
Nov 05, 2013
DELHI: Housing prices have jumped nearly three-fold on Dwarka Expressway in Gurgaon during last five years to Rs 7,000 per sq ft but slow pace of constuction of highway and litigation issues have become a major hurdle for growth of this corridor, property consultant DTZ has said.
In key markets, realty prices may fall 10-15% in months
Nov 05, 2013
DELHI: In what could soon bring some cheer to home buyers, property prices are expected to fall 10-15 per cent in select markets over the next few months, as developers are trying to cut down on inventory and push sales.
Large office spaces see few takers as slowdown bites
Nov 05, 2013
MUMBAI: The quantum of large commercial space leased out dipped sharply last quarter. While Delhi saw a drop of 91% sequentially and 66% over the March quarter, the trend in Mumbai was only slightly better — the fall was 50% sequentially and 62% over the January-March period. Indeed, there seem to be few takers for office space of more than 1 lakh square feet — just 1.2 lakh sq ft was rented in Delhi in the September quarter while in Mumbai the area was 2.5 lakh sq ft.
IL&FS Engineering bags Rs 675 cr housing project
Nov 03, 2013
DELHI: IL&FS Engineering and Construction Company Ltd today said it has bagged a contract for building a high-rise residential project amounting to Rs 675 crore.

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