Latest Realty News

Indiabulls Real Estate leads gainers in 'A' group
May 18, 2014
DELHI: Sobha Developers, Sesa Sterlite, Reliance Capital and Power Finance Corporation are among the other gainers. Indiabulls Real Estate jumped 18.84% to Rs 78.20. The stock topped the gainers in the BSE's 'A' group.
Political stability will act as a catalyst for revival of realty sector
May 18, 2014
BANGALORE: Real estate sector expects growth to come with clear mandate to one party.“With so much riding on the general elections, we are happy that the results indicate a stable and progressive government coming in place. The last couple of years were not the best years for the Indian real estate, and the slowdown impacted all asset classes,” said Shishir Baijal, Chairman and Managing Director, Knight Frank India.
What Pune real estate can expect from the new government
May 16, 2014
PUNE: Even though the BJP-led NDA government has taken up the driving seat, it is only time that will tell how real estate friendly it turns out to be. Real estate is a sector wherein the State government plays a larger role than the Central government, as every state government has its own policies. At this moment in time, what we can hope for is:
Five ways to check a builder’s reputation
May 13, 2014
MUMBAI: If you are planning to buy a property under construction, don't just go by the brochure claims. A lot depends on the builder's competence and resources. ET lists some checks before you finalise a project.
Only builders, banks gain when you take loan to invest in realty
May 11, 2014
MUMBAI: An acquaintance recently told me that his colleague had bought a flat for Rs 40 lakh and is selling it at Rs 80 lakh. He had made a down payment of only Rs 8 lakh at the time of buying the flat. According to him, real estate was the best investment option. This is something we hear almost every second day as financial planners.
Groups of high networth individuals make the best of slowdown in home sales
May 09, 2014
DELHI: High networth individuals (HNIs) are making the best of the slowdown in home sales. With developers under pressure, groups of HNIs, usually close friends, are offering to buy multiple properties but are negotiating hard with developers, extracting deep discounts and built-to-suit payment plans.
Candidates win companies’ trust vote in poll season
May 09, 2014
DELHI: Who says India's politicians can't be trusted? Some companies believe otherwise and have backed up this faith by staking their money in the form of unsecured loans to various politicians. Some have meanwhile given advances against collateral such as land. The loans and advances from private companies — ranging from 50 lakh to as much as 16 crore — have been declared in affidavits filed by Lok Sabha election candidates. Those giving the loans are from various sectors but there seem to be q
Groups of high networth individuals make the best of slowdown in home sales
May 08, 2014
DELHI: High networth individuals (HNIs) are making the best of the slowdown in home sales. With developers under pressure, groups of HNIs, usually close friends, are offering to buy multiple properties but are negotiating hard with developers, extracting deep discounts and built-to-suit payment plans.
Rental income rarely outperforms inflation
May 06, 2014
DELHI: I live in a centrally located area of Bangalore. A canal bifurcates the main road into the 'rich' and 'poor' areas. On the affluent side of the canal, hotels, restaurants and highrises dot the street. The real estate rates hover between Rs 12,000 and Rs 15,000 a square feet. On the other side - home to a garbage dump - the rates are about Rs 3,000 a square feet. I clearly know which side of the street offers a better quality of living, but how does one decide which side of the street is a
Builders in Odisha pin hopes on election results to revive sluggish market
May 02, 2014
BHUBANESWAR: Real estate developers are a worried lot as they grapple with the problem of unsold housing stocks piling up. They hope the situation would improve after election results if stable governments come to power at the Centre and in the state.
Supertech verdict may lead to activism in real estate
May 02, 2014
DELHI: Sohan Mishra has been driven to wits' end over a real estate builder reneging on the delivery date of his dream house in Noida. A delay of over one-and-a-half years has forced him to extend his rent agreement. This has strained his finances, as he is also paying back his home loan in fixed monthly installments. However, there is now a glimmer of hope.
CREDAI holds games for construction workers
May 02, 2014
BANGALORE: The Confederation of Real Estate Developers Association of India (CREDAI) celebrated Labour Day by holding athletic games for labourers.
Maharashtra approves proposal to up contingency fund to Rs 2500-crore
May 01, 2014
MUMBAI: To provide relief to farmers suffering crop losses due to hailstorm, the Maharashtra government today approved a proposal to hike the limit of contingency fund to Rs 2,500 crore from Rs 1,000 crore.
Real estate may get a boost on Akshay Tritiya, agents say
Apr 30, 2014
THANE: Property developers and real estate agents in the city are hoping that by next weekend, many of the under construction houses and townships will be booked. Any festival is considered to be an auspicious time to invest in real estate and Akshaya Tritiya is no exception.
Guwahati heritage buildings on shaky ground
Apr 30, 2014
GUWAHATI: A piece of the city's history literally went up in flames as the 103-year-old double-storeyed Rasul Lodge, residence of former president Fakhruddin Ali Ahmed, was gutted in the wee hours of Sunday. The city's remaining heritage structures are struggling to survive and find breathing space in what is rapidly becoming a concrete jungle.
Ability of Indian companies to generate profit declines
Apr 30, 2014
MUMBAI: In FY13, every rupee of investment yielded only Rs 1.06 worth of revenue for India Inc, down from Rs 1.20 in March 2008 at the height of the economic boom. The bad news doesn’t end only at the steady decline in revenue yield for companies, led by mainly those in construction and infra, realty, metals and mining, telecom and the power sector. The infrastructure and real estate boom proved too costly for Indian companies.
New Credai Coimbatore team
Apr 17, 2014
COIMBATORE: Rajesh B Lund, Partner, Srivari Property Developers, Coimbatore, will take over as the President of Coimbatore chapter of Credai (the Confederation of Real Estate Developers’ Association of India) for a two year term (2014-16).
Wentworth Estate of Harrisons Malayalam Ltd bags awards in all categories in the Golden Leaf India A...
Apr 12, 2014
KOCHI: Wentworth Estate of Harrisons Malayalam Ltd, R P Sanjeev Goenka Group which produces Goldsland and Goldsland Select tea brands has bagged awards in all categories {leaf, fannings and dust) in the Golden Leaf India Award (TGLIA). The award was held in the background of Global Dubai Tea Forum, Dubai.
Cyrus Mistry's family owned company accuses its attorney of fraud, illegal land sales
Apr 12, 2014
HYDERABAD: A company owned by the family of Tata Sons chairman, Cyrus P Mistry, has accused the attorney it hired to take care of issues related to properties it bought from the Hyderabad Nizams of fraudulently selling them.
Sobha Developers' sales bookings rise 6 pc in FY14 to Rs 2,343 crore
Apr 11, 2014
DELHI: Realty firm Sobha Developers' sales bookings rose by about 6 per cent to Rs 2,343 crore in the last financial year on higher realisation but missed its target due to the slowdown, especially in the NCR-Gurgaon region.
Buying a property? Pick one before elections are over
Apr 11, 2014
DELHI: Discounts and offers from real estate developers are common, but this Navaratra was extra special with builders going over the top—bigger discounts, a variety of flexi-payment plans and freebies to attract buyers. The reason? The property market is witnessing a glut. According to Cushman and Wakefield, there was a 12% drop in new launches in the top eight cities and yet the supply is more than demand. Prices have remained flat (even fallen in some specific pockets) for quite a few months,
Malls set to get larger
Apr 11, 2014
DELHI: Real estate developers and retail planners are working on mall designs which are much more spacious than hitherto
Pricey realty deals: Cipla's Yusuf K Hamied & KKR's Sanjay Nayar buy Breach Candy’s Sea Face Park ho...
Apr 09, 2014
MUMBAI: Drug major Cipla's Yusuf K Hamied and private equity giant KKR's Sanjay Nayar have bought sea-facing 3-bedroom apartments in Breach Candy's Sea Face Park in South Mumbai, in what are the second most expensive apartment deals across the country.
Tracking deals: LeapFrog to invest in IFMR Capital
Apr 08, 2014
MUMBAI: LeapFrog Investments, a specialist investor in financial services in growth markets, will invest $29 million in IFMR Capital. The investment will enable affordable and efficient access to finance for millions of excluded households and businesses across India.
Realtors defer launching of new projects for polls
Apr 07, 2014
BHUBANESWAR: The realtors in the city have deferred launching of new projects as the consumers are pulsated with impending polls in the state and are awaiting the formation of a new government.

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