Latest Realty News

BJP may make retail FDI more investor-friendly
May 16, 2014
DELHI: Contrary to the perception that a Bharatiya Janata Party (BJP)-led government might prohibit foreign direct investment (FDI) in sectors like multi-brand retail, senior bureaucrats believe the FDI regime could be further opened up.
Builder fined for not delivering flats
May 14, 2014
DELHI: In what could tame builders who fail to deliver houses on time, the National Consumer Disputes Redressal Forum has asked realty major Parsvnath Developers to return the entire principal amount paid by two flat buyers with 18% interest and another Rs 7 lakh compensation to each for causing mental agony and harassment because of delay in handing over possession.
Realtors offering 'branded' homes to beat slowdown
Feb 12, 2014
DELHI: Domestic property developers tying up with international designers for residential projects seems to be a trend the country's luxury real estate sector is hooked on. On offer are products ranging from homes based on the Disney theme to Spanish-style living and interiors designed by the likes of Italy's Tonino Lamborghini, Casa and Armani.
DDA to raise floor area ratio for hotels by up to 66%
Feb 04, 2014
DELHI: The Delhi Development Authority has decided to increase the cap on total floor area for hotels by up to 66 per cent, DDA vice chairman Balvinder Kumar said on Friday.
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.
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.

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