Latest Realty News

Developers hail RBI's decision to keep policy rates unchanged
Apr 02, 2014
DELHI: Realtors' body CREDAI today hailed the RBI's decision to keep policy rates unchanged saying this indicates interest rates have peaked and hoped rates would come down in near future, giving boost to economic growth as well as housing demand.
Demand for houses declines in Q3
Mar 28, 2014
DELHI: The slowdown in economy coupled with rise in interest rates and uncertain job prospects has hit the demand for real estate. In the third quarter of 2013-14, sales volumes declined 43% to 11.8 million sq ft from 21.9 million sq. ft in the same period last year, says a study by Knight Frank. Despite this, study says, the annual rise in prices of residential units in the last eight quarters is around 10%.
India's realty sector remains favoured destination: Report
Mar 22, 2014
DELHI: The Indian construction and real estate sector continues to be a favoured destination for global investors and businesses are optimistic about their prospects for this year, says a report.
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.
10 things to watch for in the commodities space
Jan 29, 2014
MUMBAI: Citi commodity research has come out with a report highlighting 10 areas that should be watched as they will have an impact on the world’s largest commodity consumer with 40 per cent market share. These factors could shape commodity prices and demand outlook in the coming months and years.
HDFC rides small-town housing boom
Jan 23, 2014
MUMBAI: Housing Development Finance Corporation (HDFC), India’s largest mortgage lender, posted a 12 per cent increase in its October-December net profit, helped by strong demand for home loans from non-metros.
Demand to outstrip supply in the next five years
Oct 28, 2013
MUMBAI:The immediate outlook in housing supply may indicate that demand is yet to catch up, resulting in over-supply. But this is set to change, according to a report by real estate property consultants Cushman & Wakefield.
RBI repo rate hike: Indian realty developers unhappy with Raghuram Rajan, say will impact housing
Sep 21, 2013
DELHI: Expressing disappointment over RBI Governor Raghuram Rajan's decision to hike the key policy rate, real estate developers said this would lead to increase in finance cost and also affect housing demand during the festive season.
Government to give public land on short lease
Sep 06, 2013
BHUBANESWAR: The State Government has paved the way for unused public land to be given away on temporary lease to private organisations and companies.
‘Connectivity is critical for residential development’
Aug 16, 2013
CHENNAI: Despite the economic slowdown, there is a healthy housing demand in the suburbs, according to Sandeep Mehta, President, Tamil Nadu chapter of the Confederation of Real Estate Developers Association of India.
Demand for office space dips
Aug 12, 2013
CHENNAI: The demand for office space dipped in Chennai during the second quarter of 2013 in the backdrop of the economic situation and cautious market sentiment, according to Colliers International’s quarterly update on office market.
Devising ways to stay on firm ground
Aug 05, 2013
DELHI: A Delhi-based real estate developer’s son was to join his business this August. But owing to the sluggish demand and slowdown in the sector, the family patriarch decided to send him abroad for higher education.
Extend amnesty to illegal constructions till June: BJP
Jul 17, 2013
DELHI: Delhi BJP today demanded amnesty for all illegal constructions existing in the city till June this year and asked the Centre to change the Master Plan to give them permanent legal status.
288 crore boost for Ranchi water supply scheme
Nov 16, 2012
RANCHI: To meet with the water supply demand of urban Ranchi, a detailed project report (DPR) has been prepared by a private consultancy company. The central sanctioning and monitoring committee of the Government of India has approved an amount of Rs 288.39 crore for the same.

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