Latest Realty News

Supreme Court orders builder to repay Rs 33 crore maintenance fees
Sep 03, 2014
Dealing a blow to builders who don't deliver on promises, the Supreme Court has asked a developer in Gurgaon to refund residents Rs 33.38 crore — 70% of the maintenance fees it had collected since 2002 - for failing to provide the amenities it had committed to at the time of purchase
Government appoints committee to study SRA in Lake City
Sep 02, 2014
Chief minister Prithviraj Chavan paved the way for implementation of the Slum Redevelopment Authority (SRA) scheme in Thane city on the lines of Mumbai SRA ahead of elections
Boost for builders in new land rule
Aug 30, 2014
In a decision that will help real estate developers use agricultural land, the Uttar Pradesh government on Friday cleared a decision to allow urban land fragmentation in the state. With this, real estate developers will now be allowed to convert pockets of agricultural land for residential or industrial use
Delhi HC asks Centre to clarify stand on amended Delhi Rent Act
Aug 28, 2014
The Delhi high court on Tuesday asked the new government at the Centre to clarify its stand on the implementation of the amended Delhi Rent Act, 1995
RWAs, builders lock horns at DC meet
Aug 26, 2014
The monthly meeting held by Gurgaon deputy commissioner Shekhar Vidyarthi, to address the issues of residents welfare associations, on Monday witnessed heated exchanges between RWAs and developers
Kolte-Patil Developers eyes 30% revenue from Mumbai market
Aug 25, 2014
Betting big on the Mumbai's residential redevelopment market, Pune-based realty player Kolte-Patil Developers is expecting nearly 20-30 per cent of its revenues from this market in the next three years
DDA offers 25,000 new flats in 2014 housing scheme
Aug 23, 2014
To fufill the dream of owning a house in Delhi, the DDA on Friday came up with a new housing scheme
Realtor pays Rs 7.35cr to I-T department
Aug 23, 2014
A leading land developer and builder of the state capital has paid Rs 7.35 crore to the income tax (I-T) department as part-payment of the tax and penalty imposed on him
Sobha Developers to invest Rs 250 crore in Pune project
Aug 21, 2014
Bangalore-based real estate player Sobha Developers is expanding its footprints in Pune by developing new projects and tie ups with smaller developers
HC Orders Shobha Developers to Halt Construction in Thrissur
Aug 20, 2014
The Kerala High Court on Tuesday has ordered Shobha Developers not to carry out any construction at Puzhakal Padam at Kuttoor in Thrissur
Realtors upbeat about smart city plan, Say It Will Revive Sluggish Market
Aug 19, 2014
Amid indications that almost all state capitals may be part of the Union government's 100 smart cities' plan, real estate developers hope the move will help revive the sluggish housing market here
Budget 2014: Higher FDI in realty encouraging
Jul 13, 2014
PUNE: Pragmatic measures to support the country's housing sector proposed in the Budget will encourage developers to plan larger residential projects and attract substantial investments from Indian and overseas investors, real estate developers from the city have said.
Parsvnath to explore raising foreign funds as govt eases rules
Jul 13, 2014
MUMBAI: Realty firm Parsvnath Developers will consider raising foreign funds in two commercial projects in the national capital that have now become FDI compliant after the government eased rules in the Budget.
Can Arun Jaitley's budget re-energise the real estate sector?
Jul 12, 2014
MUMBAI/BANGALORE/NEW DELH: Finance minister Arun Jaitley on Thursday announced a slew of measures to spur the slackening real estate sector that includes an allocation of Rs 7,060 crore for the development of 100 smart cities, relaxed norms for the entry of foreign capital and tax relief on home loans.
Indiabulls Real Estate rises after large bulk deal
Jul 10, 2014
DELHI: Indiabulls Real Estate rose 0.89% to Rs 86 at 14:13 IST on BSE after 2.29% equity changed hands in a bulk deal on BSE today, 9 July 2014.
Rail Budget to push Mum-Ahd bullet train
Jul 10, 2014
MUMBAI: The first Mumbai-Ahmedabad high-speed train proposal may get a push in the new government’s maiden rail Budget considering PM Narendra Modi’s promise of a diamond quadrilateral of bullet trains to connect the four major cities of Mumbai, Delhi, Kolkata and Chennai.
Developers send wish list to finance ministry
Jul 09, 2014
NOIDA: The real estate reeling under slump has sought relief from the finance and urban development ministry in the upcoming budget.
SIT to probe Chennai building collapse
Jul 07, 2014
CHENNAI: The Tamil Nadu government on Sunday constituted a special investigation team (SIT) comprising experts in engineering and architecture to conduct a probe into the June 28 multi-storey building collapse in Chennai that claimed 61 lives. The government had earlier ordered a probe by a retired high court judge. In a statement, chief minister J Jayalalithaa said the SIT would be monitored by the Chennai police commissioner and headed by a joint commissioner. " There is a requirement of techn
Construction industry in Telangana, Andhra to stop cement purchase
Jul 07, 2014
HYDERABAD: Real estate developers and builders in both Telangana and Andhra Pradesh have decided to stop purchase of cement from July 5 to 12 if cement companies fail to roll back the steep hike in prices.
Mahindra Lifespaces ventures into affordable housing segment
Jun 20, 2014
Mahindra Lifespaces Developers, the real estate arm of the Mahindra group, on Monday launched its new business vertical 'Happinest' that will focus on developing affordable housing projects.
Overseas funds make a beeline to invest in India
Jun 14, 2014
MUMBAI: Several sovereign wealth funds (SWF) and overseas pension funds are rushing to invest in India, driven by hopes of economic recovery under a new stable government. At least three sovereign funds from West Asia have invested over $5 billion in the past eight months and one global pension fund has committed to invest $450 million.
EOW Submits Papers for Seizure of Golden Land Developer’s Assets
Jun 14, 2014
BHUBANESWAR: The Economic Offences Wing (EOW) of the State Government on Wednesday submitted a proposal before the Finance Department seeking confiscation of the assets of Golden Land Developers Ltd which is charged in the chit fund scam.
Infrastructure pushes commercial realty in micro-markets
May 23, 2014
BANGALORE: The city’s realty market’s dynamics changed with the IT revolution that swept across its landscape. The ‘Information Technology Capital of India’ soon became a thriving hub for professional education and employment opportunities, and its realty market started booming.
Mahindra Lifespace Developers gets Rs 325 crore from sale of Mumbai land
May 19, 2014
MUMBAI: Realty player Mahindra Lifespace DevelopersBSE 4.48 % said it received Rs 324.95 crore from the sale of a five-acre property in the Byculla area of the city owned by the Kanoria family.
Remove regulatory overlaps in real estate: Rajeev Talwar
May 18, 2014
MUMBAI: The new central government should primarily look at making life easier for home buyers and real estate developers.

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