Latest Realty News

Pune developer buys 34-acre land in Wakad for 350 crore
Feb 07, 2014
PUNE: Kolte-Patil Developers Limited has purchased a 34-acre land at Wakad for around Rs 350 crore, which the company claims is the largest reported land deal within the limits of Pune city.
India to get first Conrad in Pune
Feb 07, 2014
PUNE: Hilton Worldwide will open its first Conrad hotel in India in 2015 under a management contract signed with K Raheja Constructions Group. The luxury hotel is currently under development in Pune and would be the 24th Conrad hotel in the world. The brand targets the “global elite”.
Sobha Developers gains after good Q3 results
Feb 07, 2014
MUMBAI: Sobha Developers rose 3.61% to Rs 276.85 at 11:07 IST on BSE after net profit rose 10.46% to Rs 58.10 crore on 26.48% increase in total income to Rs 545.50 crore in Q3 December 2013 over Q3 December 2012.
Sensex hits lowest level in more than 10 weeks
Feb 07, 2014
MUMBAI: Key benchmark indices extended losses and hit fresh intraday low in afternoon trade. The barometer index, S&P BSE Sensex, hit its lowest level in more than 10 weeks. The market breadth, indicating the overall health of the market, was negative. The Sensex was down 209.24 points or 1.02%, off about 176 points from the day's high and about 5 points from the day's low. The market sentiment was hit adversely as the government revised downwards the GDP growth rate for the year ended 31 March
Gujarat Confidential: Helping hand
Feb 06, 2014
AHMEDABAD: Helping hand-Vadodara Mayor Bharat Shah turned Good Samaritan on Tuesday by lending a helping hand to victims of an accident. In the morning, while he was on his way to a private function, Shah witnessed an accident that involved a straight collision of about five vehicles on the Jail Road. An auto-rickshaw carrying two lady passengers suffered the maximum impact, with the women sustaining grievous injuries. Shah, who was also accompanied by BJP city president Bharat Dangar, immediate
GIFT City & Sabarmati Riverfront: Progress report on Modi's pet projects in Gujarat
Feb 06, 2014
GUJATRAT: Gujarat's own smart city, the Gujarat International Finance Tec-City (GIFT City), a project envisaged by chief minister Narendra Modi and billed as India's first global financial hub, is far from completion but the pace of construction has picked up sharply in recent months. Ground zero, which comprises a special economic zone (SEZ) and a domestic finance centre, is swarming with workers moving at a furious pace to create utility facilities such as a cooling system, water treatment pla
Rent in Bhubaneswar nosedives as demand hits low
Feb 05, 2014
BHUBANESWAR: The rental market in the city has hit a downward spiral. Houses in several localities in the state capital are now available at rents lower compared to that in even district towns.
Lenders may revaluation mortgaged assets of to Zoom Developers
Feb 05, 2014
KOLKATA: Lenders to Mumbai-based Zoom Developers may go for a revaluation of the mortgaged assets that were put on the block since they failed to sell them to recover part of the Rs 3,000-crore outstanding loans.
Supreme Court verdict on private forest to pave way for real estate development: Credai
Feb 04, 2014
MUMBAI: The Supreme Court's direction to the Maharashtra government to remove "private forest" tag attached to huge land parcels across the state is likely to give a push to development of real estate in such vacant areas, according to real estate developers' body Credai.
Real estate stocks shine as apex court frees 6.4 lakh acres
Feb 01, 2014
MUMBAI: Scrips of several Mumbai-based developers saw an uptick on Friday on the back of the Supreme Court order that freed over 6.4 lakh acres for development in Mumbai by removing the ‘private forest’ tag.
Housing market set for positive growth in city’
Jan 29, 2014
TIRUCHI: Although the economic slowdown has resulted in poor demand for housing properties in the city last year, there are signs that the market is on the road to revival, say members of the Tiruchi chapter of Confederation of Real Estate Developers (CREDAI).
'Teen Patti', drawing on real estate card game
Jan 29, 2014
KOLKATA: In a change of the theme of the Bollywood caper, which had featured the Big B and Ben Kingsley, the Bengali Teen Patti is quintessentially Kolkatan, as a crimer thriller starring the new Tolly heartthrob Ritwik and Puja Bose.
Business leaders decry rate rise
Jan 29, 2014
MUMBAI: The Reserve Bank of India (RBI)'s raising of the repo rate (at which it lends to banks for the short term) by 0.25 basis points is aimed to control rising prices rather than to encourage economic growth, say chief executives (CEOs) of companies.
Unitech joint venture ropes in PVR, KidZania for Noida Entertainment Project
Jan 22, 2014
MUMBAI: Developers of Entertainment City, Noida, have roped in PVR to set up the country's largest superplex with 15 screens and Mexican chain of family entertainment centres KidZania to open an indoor theme park.
Construction cost to go up 12% in Bharuch
Jan 22, 2014
BHARUCH: Construction cost in Bharush is set to escalate by 12 per cent following the decision to increase the rates of construction material taken by Bharuch District Contractors Association on Thursday.
Developers welcome state govt's affordable housing policy
Jan 22, 2014
AHMEDABAD: Even as the state government brought out details of the new affordable housing policy, the local developers and experts welcomed the move highlighting the growing demand for the same.
Odiasha govt move to inflate housing cost by 2%
Jan 22, 2014
BHUBANESWAR: A latest government move is all set to inflate housing costs in the state by at least two per cent. The state government has recently revised the benchmark price of flats, raising it by a steep 32 per cent.
Developers in quicksand as truckers continue stir
Jan 21, 2014
BANGALORE: It's been a month since sand truckers went on an indefinite strike across the state, affecting construction activity in Bangalore. Metro contractors are also struggling to get sand.
Realty picking up pace in Tier II cities
Jan 18, 2014
BANGALORE: Today the real estate sector is focusing on providing all amenities and comforts in both Tier I and Tier II cities. It has acquired many aspects of development across its sub-sectors. The commercial realty sector has turned into smart and eco-friendly structures. The retail sector is rapidly growing with dense show stores at high-end market locations. They differentiate their stores by investing in innovative formats ranging from food, discounts to convenience stores. The residential
Builders woo buyers with discounts, gifts
Jan 18, 2014
THANE: With a view to cash in the property market fluctuations, developers in Thane are going all out to entice buyers. Anticipating high demand, many developers have either launched or announced new projects, along with discounts and gifts.
Boom in Mumbai realty rates unsustainable: Study F
Jan 16, 2014
MUMBAI: An international research firm has stated that the city's property prices, which have increased nearly fourfold in the last decade, are unsustainable.
Ten stocks that can return upto 50% in 2014
Jan 14, 2014
DELHI: The S&P BSE Sensex managed to bounce back on Monday even though the macro triggers remain muted with IIP data reflecting the underlying weakening production trend in the manufacturing sector. Today, the index is witnessing dull trade.
Nature-endowed homes on the outskirts of a city
Jan 14, 2014
PUNE: Wakad was a nondescript village with 5,000 locals, who farmed sugarcane, onion and groundnut in its rich, black, fertile soil. In 1983, the Pimpri-Chinchwad Municipal Corporation (PCMC) acquired 50 per cent of Wakad. By 1998, PCMC counted Wakad as one of its areas.
Housing sales down 33% in Chennai in 2013; prices up 5-7%
Jan 10, 2014
CHENNAI: Sales volume in the real estate sector in the city during the last one year witnessed a 33 per cent decline owing to the impact of global slowdown due to high inflation and negative buyer sentiments, research firm Knight Frank said today.
Sales volume in real estate sector in Chennai declines: Study
Jan 10, 2014
CHENNAI: Sales volume in the real estate sector in the city during the last one year witnessed a 33 per cent decline owing to the impact of global slowdown due to high inflation and negative buyer sentiments, research firm Knight Frank said today.

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