Latest Realty News

Real-estate:-Should-you-opt-for-a-'book-now-and-pay-later'-scheme?-
Jul 18, 2016
Pramod Kumar lives on rent in a metro and wants to buy an apartment. Recently, he came across an ad for homes available under a 15:75:10 payment plan. Also known as subvention schemes, these are bank financing for home loans, where the borrower pays only 15% of the property value at the time of booking. The lender pays 75% at various stages of project completion and the borrower pays the balance 10% at possession. There is also a No EMI for 24 months offer. Should Kumar opt for it?
Relief-for-homebuyers!-Builders-may-have-to-pay-11%-interest-for-delayed-projects-
Jun 29, 2016
NEW DELHI: Developers may have to pay 11.2 per cent interest to buyers for delay in handing over apartments and homes, according to draft rules unveiled by the government, a step seen as bringing relief to homebuyers reeling under the impact of delayed projects and mounting loan liabilities.
Developers-to-Deposit-70%-of-Project-Cost-in-Separate-Account
Dec 10, 2015
New Delhi: The government on Wednesday reached out to the Opposition including the Congress by agreeing to incorporate in the Real Estate (Regulation and Development) Bill 2015, a provision requiring real estate developers to deposit 70 per cent of the project cost in a separate escrow account.
Mahindra-Lifespace-Buys-Land-in-Maharashtra-to-Develop-Housing-Project
Nov 18, 2015
New Delhi: Realty firm Mahindra Lifespace Developers Ltd today said it has bought a land parcel in Maharashtra to develop a housing project.
China-developers-do-a-realty-check,-keen-to-float-JVs-for-realty-sector
Nov 05, 2015
MUMBAI: After global private equity and sovereign funds, now Chinese developers are eyeing investment opportunities in India's property sector.
UAE-developers-to-exhibit-in-Dubai-Property-Expo-on-6th-Nov’15
Nov 03, 2015
Mumbai : Dubai Property Show is going be held at Bombay Exhibition Centre, Goregaon East, Mumbai, from 6th-8th November this year, where over 35 UAE developers shall showcase budget homes to luxury apartments, beach properties, villas, furnished apartments and commercial properties at the event.
Trial-court-orders-builders-must-pay-customers-for-damages,-delays
Oct 19, 2015
NEW DELHI: In a significant order, a trial court has said that buyers can claim damages from builders if the latter fails to hand over the property on time.
Government-nod-made-must-for-plot-sale-in-Himachal-Pradesh
Jul 21, 2015
SHIMLA: The Himachal Pradesh government has made seeking prior approval mandatory before registration of a plot's sale deed. In order to ensure the planned and regulated development in all areas, the state government has decided to ensure strict enforcement of the Town and Country Planning Act and its rules
Fresh-tax-on-unsold-flats-to-force-developers-to-release-inventory
Jun 06, 2015
In a bid to arrest hoarding of residential flats by developers and increase supply across the country, the income-tax department has decided to tax realtors on estimated annual rentals. The tax could be anywhere between 15% and 20%. The move is as per the central action plan for 2015-16, under which the I-T department can levy tax on any unsold flat by treating it as 'income from house property' under Section 43-CA of the I-T Act, 1961.
FIR-against-Parasvnath-for-cheating-investors
May 08, 2015
NEW DELHI: Real estate firm Parasvnath Developers Limited (PDL) has come under the scanner of Delhi Police's Economic Offence Wing (EOW)
VGN-Developers-launches-Rs-500-cr-project-in-Chennai
May 04, 2015
Chennai: Residential property developer VGN Developers Pvt Ltd has entered the luxury apartment space segment
Realty-firm-Sobha-lines-up-Rs-3,500-cr-for-new-housing-project
Apr 22, 2015
BENGALURU: Realty firm Sobha will invest about Rs 3,500 crore over the next 7-8 years to develop a mid-income housing project in the city
Realty-Bill-to-hit-Mumbai-property-market-hardest:-Broker
Apr 08, 2015
Mumbai: The proposed Real Estate Regulation Bill spells bad news for errant developers
Bangalore-based-Mantri-Developers-forays-into-Pune-residential-market
Mar 26, 2015
Pune: Bangalore-based Mantri Developers announced their foray in the Pune's residential segment
XRBIA-Developers-plans-IPO...to-launch-another-10,000-houses-by-year-end
Mar 21, 2015
Mumbai: India’s leading real estate developer XRBIA Developers recently announced the beginning of early possession of 1,000 apartments
Highest-ever-top-line-for-Sobha-in-Q3-FY15
Feb 12, 2015
Mumbai: Sobha Developers launched ‘Sobha Aspirational Homes’ in Balagere, Bengaluru in the fourth quarter of this fiscal
Parsvnath-gets-Rs-572-crore-back-from-Chandigarh-Housing-Board
Feb 07, 2015
NEW DELHI: Realty firm Parsvnath Developers today said it has received Rs 572 crore from the Chandigarh Housing Board
Kolte-Patil-developers-to-invest-over-Rs-3,000-cr-in-13-new-projects
Jan 23, 2015
Pune: Pune-based real estate player Kolte Patil Developers is planning to invest Rs 3,000 to 3,500 crore in 13 new projects in the city
Realty-player-Poddar-Developers-raises-Rs-125-crore-through-QIP
Jan 22, 2015
MUMBAI: Realty player Poddar Developers has raised Rs 125 crore through qualified institutions placement (QIP) route
Meet the new age landlords
Jan 14, 2015
Mumbai: Several new names such as Lodha, Runwal and Piramal in Mumbai and ATS, 3C, and Supertech in the national capital region have bought the highest number of land parcels in the past couple of years
Hyderabad realty lags, but looks set for revival
Jan 08, 2015
HYDERABAD: The real estate sector in Hyderabad, which continues to lag with tepid sales volumes, is set to transition to a growth phase
Interest rate cut key for real estate revival in 2015
Jan 05, 2015
Mumbai: It would still be a while before profits of realty companies begin to perk up
DLF plans to sell 50% in Cyber City to raise over Rs 3500 crore
Dec 04, 2014
Mumbai: Real estate major, DLF has initiated a process to sell 50% of its subsidiary, DLF Cyber City Developers (DCCD) to raise over Rs 3,500 crores
Real estate developers oppose GO 398
Dec 02, 2014
Vijayawada: Andhra Pradesh Real Estate Developer’s Association (APREDA) took strong exception to a portion of the GO 398 issued by the State government
For its casual attitude, Mhada directed to pay Rs 25,000 as adjournment costs by green tribunal
Dec 02, 2014
MUMBAI: The National Green Tribunal slammed the state Housing Board for mechanically adopting a stand taken by a private developer in its affidavit in an environmental clearance dispute

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