Latest Realty News

No festival cheer for realty developers as consumers on wait-and-watch mode
Nov 02, 2013
DELHI: Mid-size developers, which were banking on festivals to help them clear existing inventory, may still need more time to show a black profit graph.
New home launches up by 5% in January-September: Cushman & Wakefield
Nov 01, 2013
DELHI: India's eight major cities saw launch of 1.32 lakh homes during January-September 2013, up by five per cent from the year-ago period, according to global real estate consultant Cushman & Wakefield.
CCI rejects complaint against Larsen & Toubro in realty case
Nov 01, 2013
DELHI: The Competition Commission has rejected allegations of anti-competitive ways against diversified group Larsen & Toubro with regard to a housing project in Bangalore as it found no evidence of unfair practices in the case.
Large office spaces see few takers as slowdown bites
Nov 01, 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.
Ground realty: Low interest in real estate
Nov 01, 2013
DELHI: When the Indian Grand Prix was launched at the Buddh International Circuit (BIC) near Greater Noida in 2011, there was a lot of buzz in the realty market in the region. Two years down the line, the initial sheen seems to be fading, at least for the time being. This, despite the fact that the region has seen an appreciation of up to 30% in prices even after a slowdown in the sector.
Landmark Holdings exits from Wave’s Ghaziabad project
Oct 31, 2013
DELHI: Delhi-based real estate investment firm Landmark Holdings has exited its investment in Wave Group’s 4,500 acre Hi Tech City project in Ghaziabad for approx Rs 350 crore making over 3x on its original investment.
Land Acquisition Bill will help economical use of land
Sep 02, 2013
DELHI: The Land Acquisition Bill will help in economical use of land which is a scarce commodity in the country, government on August 29 said.
Realty sector can double its share in GDP to 13% by 2025
Aug 12, 2013
DELHI: The realty sector can more than double its contribution to GDP to 13 per cent by 2025 on rising housing demand, if the government removes bottlenecks in infrastructure, lowers borrowing cost and makes process of approvals shorter, global property consultant CBRE said.
Competition Commission of India rules out abuse of dominance by realty firm BPTP
Aug 06, 2013
DELHI: Fair trade regulator CCI has dismissed allegations of abuse of dominant market position against realty firm BPTP over residential flats in Faridabad.
Faridabad: What makes Charmwood Village charming
Jul 22, 2013
DELHI: Charmwood village abounds with reasons which make it really charming. Situated in Faridabad, it is an integral part of the National Capital Region (NCR) but as its name suggests, it is a sort of village which boasts of expansive stretches of greenery away from the hustle and bustle of city areas after all, there is a 4,700-acre bird sanctuary near the locality.
Delhi govt order to ease sale of property
Jul 22, 2013
DELHI: With the stamp of approval from LG Najeeb Jung, the Delhi government has decided to reverse the directive that put a stop to registration of all general power of attorney (GPA)-based property transactions. The earlier order was issued by the revenue department in April 2012.
A reality check on RCom’s realty venture
Jul 20, 2013
DELHI: Reliance Communications (RCom) recently announced that it plans to hive off its real estate assets into a new firm, Reliance Properties.
Delhi government hopeful of regularizing 1,400 colonies
Jul 19, 2013
DELHI: The Delhi government is now set to steer regularization of over 200 colonies out of the 1,639 colonies that did not have 50% built up area on 2007. According to the 2008 guidelines laid out by the Centre, the colonies were to have 50% built-up area as on 2007 to get a “legal” tag. With the relaxation of norms, the state is hopeful of highlighting almost 1,400 colonies as regularized before the model code of conduct for the assembly polls in declared.
Twin cities to be made into brands to attract investors
Jul 18, 2013
DELHI: The Uttar Pradesh government is getting ready to organize promotional activities in various states to promote its iconic cities, Noida and Greater Noida, among investors. This was announced by the Uttar Pradesh infrastructure & industrial development commissioner (IIDC), on a visit to Noida.
Ensuring transparency: Noida projects to be on official websites
Jul 18, 2013
DELHI: In a move that will aid buyers in choosing legally sound projects, the Noida, Greater Noida and Yamuna authorities are planning to upload details of all builders who are constructing housing projects on their official websites. The decision was taken after the Uttar Pradesh chief minister directed the authorities to ensure protection for buyers and design a route to evade property related cheatings. Officials have now started the process to buy addition server space for the websites to ac
NRI interest in Gurgaon realty up as rupee touches historical low
Jul 16, 2013
DELHI: The fall of Rupee has raised speculations of increased NRI investments in the reality sector. Builders and analysts say that Gurgaon continues to be a popular destination for NRIs buying property mainly for the purpose of investment.
Environment Ministry limits ambit of clearances for realty projects
Jul 15, 2013
DELHI: The environment ministry, under pressure from real estate and builder lobbies, and state governments, has limited the ambit of clearances for projects in this sector. Now, local civic authorities will lay down the norms relating to building control and safety in line with the relevant master plan.
Noida sector 61 and 62: A complete package for property buyers
Jul 15, 2013
DELHI: If you have made up your mind to buy a residential property in Noida but not able to zero-in the location, then sector 61 and 62 are worth consideration. Unlike locations which are projected to grow in the next 5-8 years, these sectors have already got a decent physical and social infrastructure.
Luxury home sales in Mumbai, Gurgaon down as growth tapers
Jul 11, 2013
DELHI: The richer middle class too is feeling the impact of the slowdown and isn't buying homes like before, badly impacting sales of luxury homes.
ASK Property invests Rs 147 crore in ATS housing project in Gurgaon
Jul 10, 2013
DELHI: Private equity firm ASK Property Investment Advisors today said it has invested Rs 147 crore in real estate company ATS Group's Gurgaon housing project.
Shrinking farmhouses in Gurgaon
Jul 09, 2013
DELHI: With land becoming dearer in Gurgaon, applications for farmhouses have gone down significantly in recent years.
Green panel stays construction at Noida landfill site
Jul 06, 2013
DELHI: The National Green Tribunal has stayed construction activity on the landfill site in Sector 123 here after a commission appointed by it found that the project had been formulated without following the guidelines. The Noida Authority has also been restrained from carrying out digging or construction till the next hearing.
Realty projects get big boost, MoEF to now ease control
Jul 06, 2013
DELHI: In a major boost to realty sector, the Centre has granted power to states to decide on new townships and construction and development projects, restricting the ministry of environment and forests to environmental sustainability aspects.
Real Estate Major BOP Group bags Bangalore franchise for IBL
Jul 04, 2013
DELHI: The Indian Badminton League (IBL) today announced the name of its second franchise -- the BOP Group, a Real Estate Consultant in India, who bagged the Bangalore team, 'Banga Beats'.
Industrialists seek extension of property tax deadline from MCG
Jul 04, 2013
DELHI: The dispute between Gurgaon’s industrialists and the civic agency over the issue of property tax has been brought to the fore once again. The local associations have written to the Municipal Corporation of Gurgaon (MCG) seeking, among other exemptions, an extension on the payment deadline, which was reached on June 30.

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