Latest Realty News

IRB commences toll collection on Jaipur Deoli BOT Project
Oct 05, 2013
MUMBAI: IRB Infrastructure Developers Ltd, one of the largest BOT road developers in India, announced that it has commenced toll collection on its Jaipur Deoli BOT Project.The Jaipur Deoli BOT project, implemented by the wholly-owned SPV of the Company viz. IRB Jaipur Deoli Tollways Pvt. Ltd (SPV), has been issued a Provisional Certificate by the Competent Authority effective September 27, 2013. The project has been commissioned in stipulated time. Consequently, the SPV has started partial toll
VGN Developers calls for bids to set up hospital
Oct 04, 2013
CHENNAI: VGN Developers has called for bids from healthcare operators to set up and run a 100-bed hospital in a township project it is developing in Avadi, a Chennai suburb.
As real estate developers struggle to deliver, home buyers step up protests
Oct 03, 2013
NEW DELHI/CHENNAI: Annoyed with the delays in handing over properties and deficiencies in services, home buyers are protesting against real estate developers either through marches or through the social media.
Kolte-Patil launches four projects in Pune
Oct 01, 2013
MUMBAI: While most developers have shelved their expansion plans due to the economic slowdown, Pune-based Kolte-Patil Developers has gone ahead and launched four projects totalling 1.8 million sq ft, worth over Rs 500 crore.
Revised housing scheme fails to cheer builders
Sep 28, 2013
BHUBANESWAR: The revised urban housing scheme in state, notified on Thursday, has evoked sharp reactions from real estate developers. They said the mandatory provisions in the scheme are impractical and won't help create affordable housing stock.
Kolte-Patil Developers launches four projects in Pune
Sep 26, 2013
MUMBAI: Riding high on the demand for residential housing, Kolte-PatilBSE -1.09 % Developers today launched four mixed-use projects in Pune with investments up to Rs 450 crore.
Mahindra Lifespaces, GE Shipping in dispute with locals over land ownership
Sep 24, 2013
MUMBAI: A tussle for control over unused land with development potential in a residential project has erupted between Mahindra Lifespaces Developers, GE Shipping and existing residents of their project, Great Eastern Gardens, in a suburb of Mumbai, a development that can have repercussions for builders and home buyers.
Bangalore realty developers see marginal impact on rate hike
Sep 23, 2013
BANGALORE: Real estate developers in the country’s IT hub today said RBI’s decision to hike key policy rates will have a marginal impact on demand sentiments in short term.
‘Finance cost of developers may go up’
Sep 21, 2013
HYDERABAD: With the proposed Real Estate Regulatory Bill, where developers are expected to keep considerable portion of sales in escrow account for a majority of the construction period, finance cost for developers is expected to increase, according to Anuj Puri, Chairman and Country Head, Jones Lang LaSalle India.
‘Satellite townships will help de-congest urban areas’
Sep 21, 2013
HYDERABAD: With the urban population going up each passing year, there is a need to focus on de-centralised growth of cities by setting up satellite townships, according to experts.
Bangalore: Credai property show
Sep 21, 2013
BANGALORE: Confederation of Real Estate Developers’ Associations of India (Credai) Bangalore to hold its two-day realty expo 2013 on September 21 and 22 at Kalyani Kala Mandir (opposite IIM Bangalore) on Bannerghatta Road. According to S Suresh Hari, Secretary, Credai-Bangalore, this the third in the series of property show being held in the city.
Developers selling non-core biz to improve balance sheet: Study
Sep 21, 2013
BANGALORE: Developers are now focusing more in their own regions and are selling their non-core businesses to improve their balance sheet. Further, interest in tier II city investment has also reduced as investors are unable to make the desired returns in their earlier portfolios.
Metro boost, new affordable localities keep Chennai real estate active
Sep 21, 2013
CHENNAI: As Chennai eagerly awaits the advent of the city’s Metro rail services, the real estate industry too, watches with bated breath. As the rapid transit services roll out in phase after phase in city after city, both transport corridors and real estate have had a love-hate relationship with each other.
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.
Red Fort Capital invests Rs 365 cr in Lotus Greens Developers
Sep 20, 2013
DELHI:Real estate firm Lotus Greens Developers today said it has raised Rs 365 crore from private equity firm Red Fort Capital for the development of housing projects in the national capital region.
The property market is witnessing some structural changes with developers gradually coming out of th...
Sep 20, 2013
BANGALORE: Developers are now focusing more in their own regions and are selling their non-core businesses to improve their balance sheet. Further, interest in tier II city investment has also reduced as investors are unable to make the desired returns in their earlier portfolios.
How realtors lost the plot
Sep 19, 2013
MUMBAI: Their sales have slowed down and they have a mountain of debt to repay. And that is forcing real estate developers to sell non-core assets and look for other ways to raise money.
Home prices could drop
Sep 19, 2013
MUMBAI: Real estate developers are realising that they cannot hold on to inventory forever. Until now, they had shied away from lowering prices, but now, they will have to book sales to gain some liquidity.
Rising defaults by short-term realty investors add to developers’ woes
Sep 18, 2013
DELHI: Short-term real estate investors, a source of quick funds for housing projects, are increasingly defaulting on payment to developers, as economic slowdown and rising cost of living keeps regular homebuyers on the fringes, narrowing exit routes for speculators.
State to witness 6000 affordable houses soon
Sep 17, 2013
BHUBANESWAR: To meet the ever increasing demand of affordable houses, Credai­ Orissa, a body of real estate developers, is considering con­struction 0f 5,000-6,000 houses for lower and middle income groups in the next 2-3 years.
Parsvnath to build commercial project near Connaught Place in New Delhi at Rs 300 crore
Sep 12, 2013
DELHI: Realty firm Parsvnath Developers has dropped its plan to sell a prime land in Connaught Place and will now develop a commercial building on the plot at a cost of around Rs 70 crore to achieve better sales realisation and brand value.
Sale of South Mumbai’s high-end luxury homes drops by 30%
Sep 10, 2013
MUMBAI: High-end properties in South Mumbai have fewer takers in a gloomy economy. While property appreciation in Sobo, as the area is fondly called, has dropped to 10 per cent from 30 per cent two years ago, rental yields have fallen by more than half. "All the newer projects in South Mumbai are in the ultra-luxury segment and it's difficult to find buyers for these higher configuration and big-ticket homes in the current market," said Akhil Kapur, owner of real estate brokerage firm AJ Housing
Realtors seek change in stamp duty clauses
Sep 10, 2013
BHUBANESWAR: Real estate developers have sought the abolition of stamp duty, while entering into agreements with land owners to execute various projects.
Mumbai developer launches project in Varanasi
Sep 09, 2013
MUMBAI: One of the oldest real estate developers in Mumbai, S Raheja Realty has moved into Varanasi to develop 140 apartments totalling over two lakh sq ft.
CREDAI chief pins hopes on new RBI Governor
Sep 07, 2013
MUMBAI:Welcoming the new RBI governor Mr. Raghuram Rajan, developers’ apex body CREDAI Chairman and CMD Kumar Urban Development Ltd Lalit Kumar Jain appealed to him to adopt a consultative process with all stakeholders before making any major policy decisions relating to real estate

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