Latest Realty News

Onus on government to protect, boost real estate
Mar 07, 2014
DELHI: Presently, the real estate sector in India is facing several challenges. These include lack of adequate sources of finance, shortage of labour, steep rise in the prices of raw material, multiple tax system and lengthy and delayed procedures for approvals.
Sensex scales new peak in pre-election rally
Mar 07, 2014
CHENNAI: Call it the Modi effect or a pre-election rally — the BSE Sensex hit an all-time high of 21,525 and closed at a historic high of 21,513.87 on Thursday, a day after the Election Commission announced the schedule for the 2014 Parliamentary elections.
Satya Group launches luxury flats on Dwarka Expressway
Mar 06, 2014
DELHI: Satya Group, one of the leading real estate group in Delhi-NCR, has added another milestone to its project portfolio by launching premium, luxurious residential apartments — Platina- at The Hermitage, located on the Dwarka Expressway, the most sought after location in the national capital area.
Cuffe Parade flat fetches Rs 30 crore in public auction
Mar 06, 2014
MUMBAI: A prominent businessman outbid others at a public auction in the Bombay High Court on Tuesday with his offer of Rs 30.50 crore for a sea-facing Cuffe Parade flat. The 3,000 sq ft apartment in Maker Towers B was put up for auction following insolvency proceedings against a city businessman who owned the flat. The flat was thus sold for Rs 1.01 lakh per sq ft.
How inflation impacts the property market
Mar 06, 2014
DELHI: It is interesting to note how most people think of inflation. The most prevalent concept of inflation is what happens to spectators at a cricket match. At some point during the match, the people in the front rows of the stadium rise to their feet to get a better glimpse of what is happening on the field. As a result, the spectators in the back rows cannot see the action clearly so they rise too. Very soon, everyone is on their feet.
Tata Housing to invest Rs 1,200 cr in retirement homes
Mar 04, 2014
DELHI: Tata Housing today said it will invest Rs 1,200 crore over the next five years on developing 13 housing projects for senior citizens.
Delhi: Puppeteers’ colony fights development plan
Mar 04, 2014
DELHI: Their day starts with resistance. From 10.30 in the morning, the puppeteers, folk musicians and entertainers of Kathputli Colony in West Delhi leave aside their daily chores and sit at the entry to their colony, all geared up to fight the government and a private builder who they allege are trying to “kill” their art and livelihood.
Slowdown forces builders to diversify
Mar 04, 2014
BHUBANESWAR: With the real estate sector slowing down, small-time real estate developers in the city are diversifying into add-on ancillary businesses. They have ventured into electric appliances, electronic goods, sanitary and home fittings and other FMCG (fast moving consumer goods).
Crime branch attaches properties of Bharat developers
Feb 28, 2014
PANAJI: Following a court order, the crime branch attached four flats belonging to Bharat Developers and Realtors Private Limited which had constructed Ruby Residency, that collapsed, killing 31 persons in Cancona.
Mahindra Lifespace buys Gurgaon plot for Rs 472 crore
Feb 27, 2014
BANGALORE|MUMBAI: Mahindra Lifespace Developers, the real estate development business of the Mahindra Group, has bought a 12-acre land parcel in Gurgaon from private equity fund Ireo for Rs 472 crore, people with knowledge of the matter said.
Rustomjee launches Oriana in Bandra East
Feb 25, 2014
MUMBAI: Rustomjee has announced the launch of Oriana, a 21 storeyed deluxe residential tower that is located off Western Express Highway, in the heart of Mumbai at Bandra (East). It is adjacent to Bandra Kurla Complex the prime business district and new financial hub of Mumbai.
However, realtors still seen tapping customers
Feb 25, 2014
DELHI: Most developers and consultants have put in an “uncertain” clause in their annual planning for real estate projects, and have decided to fine tune schemes only after election results in June. But even as upcoming elections have slowed down real estate launches and announcement of new projects in the country, developers and brokers are using this time not just to clear inventory but also to tap customers in a slow market.
Miranda House and Lotus Greens spread message of sustainability at Tempest 2014
Feb 24, 2014
DELHI: Sponsored by Lotus Greens, the real estate company known for its Environment friendly initiatives & Sustainability drive, the annual Miranda House Fest – Tempest, rocked the Delhi University one more time. The fest appropriately adopted the theme shades of green, to spread awareness on sustainability. The idea of the three vital Rs- Reduce, Reuse and Recycle, were utilized in all aspects of the fest from campus decorations to the events. Even the Invites for the fest were handmade and de
‘Govt should protect early flat buyers from unfair developers’
Feb 24, 2014
MUMBAI: Rogue developers around the city are making a killing while victimizing people who book their flats early. In Bandra (West), a developer recently refunded money to buyers who booked flats three years ago. The building, located in a bylane, had already reached up to the eighth floor. Market sources said the developer may sell the project to another builder, while purchasers are left in the lurch.
Telangana: Win-win situation for Hyderabad realty?
Feb 20, 2014
HYDERABAD: The Telangana Bill passed by Lok Sabha is being viewed by mixed feelings by various stakeholders, but it is still too early to gauge its impacts on the real estate industry. That said, it is likely to end the political uncertainty that Hyderabad has been facing for the past few years. The outcomes are still unclear, but Brand Hyderabad is not likely to be overly affected as it is planned to serve as a joint capital for ten years.
Kolte-Patil Developers signs two redevelopment projects in Mumbai suburbs
Feb 19, 2014
MUMBAI: Pune-based realty developerKolte-Patil DevelopersBSE 0.68 % has entered into agreements for tworedevelopment projects in Mumbai's western suburbs. Both Mumbai suburban redevelopment projects has total area of around 600,000 sq ft, the company said in a release.
Hyderabad realty heaves a sigh of relief
Feb 19, 2014
HYDERABAD: The 'sick' realty sector in Hyderabad heaved a huge sigh of relief on Tuesday, with the Parliament finally giving its nod to the T bill. Developers and realtors alike, rejoiced the end of political uncertainty in the city, which they stressed was at the root of the crisis prevailing in the property market over the last few years.
Vote on Account 2014: Realtors unhappy with interim budget
Feb 18, 2014
DELHI: Realty developers today expressed disappointment that interim budget did not provide any relief to the sector but hoped that steps to push growth in other industries such as automobile would boost housing demand.
Realtors irked over financial body status
Feb 18, 2014
BHUBANESWAR: Registration of houses, as required after sale, has come to a grinding halt in the state following a recent government order putting realtors in the bracket of financial establishments.
'Realty market worse than 6 months ago, but hope builds up’
Feb 15, 2014
MUMBAI: Property markets, including the National Capital Region and Mumbai Metropolitan Region, have got worse than they were in the last six months and the current mood is pessimistic across all zones, showed the maiden real estate sentiment index jointly developed by industry body Ficci and Knight Frank India, a residential and commercial property consultancy.
Realtors seek tax breaks for home buyers, builders to beat sluggish demand
Feb 11, 2014
DELHI: To beat a sluggish demand, real estate developers have sought tax breaks for home buyers and builders that could help boost sales as well as speed up new launches.
Services sector contracts for 7th straight month: PMI
Feb 08, 2014
DELHI: In January, India’s services sector contracted for a seventh consecutive month, showed the HSBC Purchasing Managers’ Index (PMI).
High cost deterring developers from going for green projects
Feb 08, 2014
MUMBAI: Developers are reluctant to implement the green norms on account of cost issues, which is impacting growth of green real estate sector, a survey said.
Decision to blacklist Cyprus for not providing tax data will hit developers and realty funds
Feb 07, 2014
MUMBAI/BANGALORE: India's recent decision to blacklist Cyprus for not providing tax data will hit developers and realty funds. Investors who have routed their funds through Cyprus are likely to face a big decline in returns as developers will now be expected to withhold higher tax amounts. So far, these investments were structured around 10% withholding tax, which is likely to jump to 30%.
Flat owners can apply for occupancy certificate
Feb 07, 2014
PUNE: Individual flat owners in the city can directly approach the Pune Municipal Corporation for occupancy certificates (OC). There are around six lakh residential properties and 75,000 non-residential properties in the city and the civic body claims many of these identified and assessed properties have not obtained OCs.

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