Latest Realty News

Big extension to houses will need new power line in Chennai
Sep 07, 2013
CHENNAI: All low tension power consumers wanting to extend their houses by more than 2,000 sqft will now have to get new power connections for construction activity. Tamil Nadu Electricity Regulatory Commission (TNERC) on September 3 ordered that house owners should not use their existing connections for construction purposes.
Mumbai property rates may remain subdued in near future: Icra
Sep 06, 2013
MUMBAI: Real estate developers in Mumbai are finding it difficult to increase property prices because of rising inventory levels, subdued demand and uncertain macroeconomic environment, says credit rating agency Icra.
Hyderabad's realty sector set for recovery
Sep 06, 2013
HYDERABAD: The spiraling rate of the dollar coupled with modest pricing is likely to attract NRI investment to the city's real estate sector in the near future, said representatives from the industry on Thursday.
RBI should have consulted stakeholders before disbanding 80:20: CREDAI
Sep 05, 2013
DELHI: “Reserve Bank of India issuing circular on disbanding current practices, should consult stakeholders before issuing such circulars,” says Lalit kumar Jain, Chairman, CREDAI.
Credai against linking of home loans to construction stages
Sep 04, 2013
MUMBAI: Criticising the Reserve Bank's decision to link disbursal of home loans to stages of construction, real estate apex body Credai said the move will harm developer sentiment and disturb business plans.
Slowdown in real estate forces builders to cut prices
Sep 03, 2013
DELHI: There are no takers for close to 6 lakh homes in the country, forcing builders to cut prices and dole out freebies, which many hope will herald the much-awaited correction in the home market ahead of the festival season.
Cost-push Land Bill will push back growth: CREDAI chief
Sep 02, 2013
MUMBAI: Apprehending that the home and project prices will skyrocket with the implementation of the Land Acquisition Bill, developers’ apex body CREDAI national Chairman Lalit Kumar Jain said it could at best be a “feel good “rather than a development booster.
Realty prices push schools to outskirts of Ahmedabad
Sep 02, 2013
AHMEDABAD: Real estate prices are pushing schools outside the AMC limits. From Bopal to Vaishnodevi Circle, several schools are springing up to cater to the increasing urbanization.
Credai study to assess demand-supply scenario at Hyderabad
Aug 30, 2013
HYDERABAD: The Confederation of Real Estate Developers’ Associations of India (Credai) Andhra Pradesh Chapter is commissioning a study to assess the demand-supply situation in the real estate sector in the rapidly expanding metropolis of Hyderabad.
‘Real Estate Regulation and Development Bill 2013 a positive step’
Aug 30, 2013
MUMBAI: The National Real Estate Developers’ Council (NAREDCO) wants rules and regulations governing real estate sector to be rationalised. It said large portion of the inconsistencies emerge from archaic laws, guidelines that conflict with the development agenda of the economy, disparity in incentives given to larger projects as against the same given to smaller projects. Also, the current FDI norms also make it difficult for smaller developers to access capital easily.
Builders frown on decision to stop conditional approval
Aug 29, 2013
BHUBANESWAR: Real estate developers on Wednesday sharply reacted to Bhubaneswar Development Authority's (BDA's) decision to do away with "conditional approval" of building plans of high-rises before such projects get clearances from various other agencies such as fire department, Bhubaneswar Municipal Corporation (BMC) and Airports Authority of India (AAI).
Survey finds Noida realtors violating norms near Okhla sanctuary
Aug 28, 2013
DELHI: In a joint effort involving Noida Authority and Noida Police, a survey was conducted to identify realty projects being developed within a 10 kilometer radius of the Okhla Bird Sanctuary. The team found that around 40 developers were carrying on construction without any environmental clearance. The National Green Tribunal, in its August 14 order, had ordered for such surveys.
Parsvnath to pay Rs. 500.86 crores to RLDA
Aug 27, 2013
DELHI: Parsvnath Group (Parsvnath), India’s leading real estate and infrastructure developer with a diversified portfolio, announced the payment of an amount of Rs. 500.86 crores to Rail Land Development Authority, Ministry of Railways, on 22nd August, 2013, for the development of 15.27 hectares (38 acres) of railway land area situated at Sarai Rohilla-Kishanganj, Delhi.
Falling rupee: No worries for high-end property developers
Aug 26, 2013
MUMBAI: The depreciating rupee is still no cause of concern for domestic developers of high-end residential and commercial spaces who import over $10 billion of material and services annually.
ETA offers luxury homes
Aug 26, 2013
CHENNAI: ETA Star Property Developers has launched Lalique, a luxury residential project on Greenways Road, Chennai.
Builders hope to ride on rupee depreciation crisis
Aug 24, 2013
MANGALORE: The real estate and construction industries that are reeling under a crisis following Saudi Arabia's Nitaqat programme is hoping that the current depreciation of rupee against dollar will get them back on track.
The new India wants luxury
Aug 12, 2013
DELHI: The rising demand for luxury homes has given a new face to housing concepts in India. Real estate developers are launching an array of luxury projects in metros and peripheral areas, and Tier II and III cities.
Real estate’s share in GDP estimated at 6.3%: Report
Aug 02, 2013
DELHI: The contribution of the real estate sector to India’s GDP has been estimated at 6.3 per cent in 2013, and the segment is expected to generate 7.6 million jobs in the same period, according to a report.
Cheaper houses to revive realty market
Aug 01, 2013
BHUBANESWAR: Realtors are banking on housing units below the Rs 25 lakh range to revive the sluggish market in the city.
Mahindra Lifespace to set up Rs 1,000 crore JV with Standard Chartered Bank
Jul 27, 2013
MUMBAI: Realty developer Mahindra Lifespace Developers and an investment arm of Standard Chartered Bank have entered into a joint venture for development of residential projects in India, a release said.
'Land, quick approvals necessary for low-cost housing projects'
Jul 24, 2013
MUMBAI: Government needs to ensure availability of land and speedy approvals for effective implementation of low-cost housing projects, real estate developers' body NARDECO said today.
Developers to built Metro parking
Jul 24, 2013
NOIDA: To address the parking space crunch to some extent, Noida Authority has asked two developers to built multi-level parking lots for 4,500 vehicles at two of the busiest Metro stations - City Center and Sector 15. The lease agreement with the developers has a provision wherein parking lots have to be developed without the Authority shelling out funds for the purpose.
K V Developers ties up with Colliers International and C P Kukreja Associates for future projects
Jul 23, 2013
DELHI: K V Developers Pvt. Ltd (KVD) – a Noida-based real estate developer coming up with a futuristic housing project in Tech Zone IV, Greater Noida (West) – today announced it has tied up with two of the biggest names in real estate development, Colliers International and C P Kukreja Associates. While Colliers International is one of the world’s leading Project Management Consultants and a global leader in commercial real estate services, C P Kukreja Associates is a world-renowned, multi-disci
Sobha Developers' Q1 sales bookings up 26 per cent at Rs 602 crore
Jul 21, 2013
DELHI: Sobha Developers' sales bookings rose by 26 per cent to Rs 602.8 crore in the April-June quarter of this fiscal, as the company sold more area at a higher price despite overall slowdown in housing demand.
Credai meet in Moscow from July 27
Jul 11, 2013
HYDERABAD: The Confederation of Real Estate Developers’ Associations of India, the apex body representing private Real Estate developers in the country, will host the 13th Natcon 2013 meeting at The Ritz Carlton, Moscow on July 27-28.

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