Latest Realty News

Panel for expansion of registration requirement of CERSAI
Jan 10, 2014
DELHI: A working group appointed by Central Registry, CERSAI, has advocated for expanding scope of registration to movable assets including jewellery as well.
Office leasing activity in Delhi-NCR picked up pace in October-December 2013: CBRE
Jan 09, 2014
DELHI: Absorption of prime office space in the National Capital Region (NCR) grew around 14% in the October-December 2013 quarter compared to the previous quarter, touching 1.7 million sq ft, according to property consultancy CBRE. The previous quarter saw a total leasing of 1.5 million sq ft.
Indiareit raises Rs 1000 crore for domestic property fund
Jan 09, 2014
MUMBAI: Indiareit Fund Advisors, the real estate private equity arm of India's Piramal Enterprises, has raised Rs 1000 crore ($160.5 million) from investors within the country, the company said.
Sebi disposes case against Real estate firm Hubtown after settlement
Jan 09, 2014
MUMBAI: Real estate firm Hubtown Ltd, formerly known as Ackruti City, has paid Rs 2 lakh to settle a Sebi probe into alleged irregularities with regard to correct disclosure of promoter shareholing in the company.
City to witness property carnival
Jan 09, 2014
VADODARA: Vadodara chapter of the Confederation of Real Estate Developers Associations of India (CREDAI) will hold a three day property carnival in the city from Friday. The event will see participation from over 80 realtors.
Fringe areas record real estate boom, Kolhapur lags
Jan 04, 2014
KOLHAPUR: The fringe areas of Kolhapur have recorded more real estate growth than the heart of the city, reveal statistics available with the sub-registrar office where all sale deals are registered. Riding high on lower rates, the fringe areas have reported higher percentage of sales deals of properties, primarily flats and plots than those in the core city area.
Novartis India strikes 8.7 lakh square feet office space deal in Hyderabad
Jan 03, 2014
BANGALORE: Pharmaceutical firm Novartis has picked up 8.7 lakh square feet of office space in Hyderabad in a bid to consolidate its operations in the city.
Developers optimistic of revival in realty sector in 2014
Jan 03, 2014
DELHI: With high property prices and costlier borrowing hitting real estate, developers are hoping for a reversal of the slowdown in the new year and sales picking up post general elections.
Shopping mall space supply to more than double in 2014: Report
Jan 02, 2014
DELHI: Supply of retail space in shopping malls is expected to more than double in 2014 to 11.7 million square feet in the top seven cities of the country compared to last year, according to a report by property consultant JLL.
Maharashtra hikes ready reckoner rates by up to 20%
Jan 01, 2014
MUMBAI: Despite falling sales volume due to already unaffordable housing prices, the Maharashtra government has hiked ready reckoner rates by up to 20% in Mumbai, the most expensive property market in the country.
HNIs bail out realtors, but for high returns
Jan 01, 2014
BANGALORE/NEW DELHI: Some ultra-rich Indians have found a new way to bypass the economic slowdown and make mega returns on their investment. According to analysts and industry players, real-estate developers across the country are being bailed out by high net worth individuals (HNIs) by offering short-term loans to meet developers' funding requirements to finish ongoing projects.
Office space vacancies in Mumbai fall for first time since 2007
Jan 01, 2014
MUMBAI: Vacant commercial spaces in Mumbai have fallen in 2013 for the first time since 2007. Lease rentals and capital values for offices across the financial capital's commercial districts, barring Nariman Point have also seen an uptick for the first time after dropping for five consecutive years.
Developers optimistic of revival in realty sector in 2014
Jan 01, 2014
DELHI: With high property prices and costlier borrowing hitting real estate, developers are hoping for a reversal of the slowdown in the new year and sales picking up post general elections.
Time to invest in ‘metros’ for better realty returns
Dec 31, 2013
MUMBAI: Many investment experts believe that real estate investors could be in for a good time in the coming year. "It is a good time to invest in the real estate space. If you are getting a good entry price, you should definitely invest during the period between January and the monsoon of 2014," says Sanjay Dutt, executive managing director, Cushman & Wakefield. Some are asking their clients to consider investing before the general elections next year. If you are sitting on money for a long tim
Realtors Optimistic of Boom with Opportunities on Social Media
Dec 31, 2013
HYDERABAD: With a certain hope of the State bifurcation dust to settle down soon and a stream of policy changes expected with a most possible change of government both in the Centre and State, real estate developers in the region are affirmative about a boom sooner next year. But, what is expected to be the major catalyst of development at this crucial juncture is, many say, social media.
Real Estate Promoters in Chennai,Chennai Real Estate,Real Estate Developers in Chennai
Dec 31, 2013
CHENNAI: The Consumer Disputes Redressal Forum, Chennai (South) has ordered a real estate promoter to refund the amount deducted as cancellation charges from the installment paid by a woman who had booked an apartment in a project mooted by the firm in 2008.
Prestige ties up with Disney for branded homes
Dec 30, 2013
BANGALORE: Southern real estate major Prestiqe Estates Projects is collaborating with Disney India to develop its largest residential township project spanning 102 acres in Bangalore's IT hub of Whitefield.
Another project on OMR
Dec 28, 2013
CHENNAI: Adroit Urban Developers is set to formally announce the launch of Artistica, a two-acre residential development on the OMR. The multi-storeyed apartments are coming up at Sholinganallur junction to the south of Chennai. Over 145 apartments and coming up on three towers of stilt plus 10, 13 and 16 floors, according to the developer.
Real estate firms funded SAD: RTI data
Dec 25, 2013
CHANDIGARH: It's official. The great Indian real estate boom is the secret of Badal-led Shiromani Akali Dal's cash-surplus bank account.
Locals protest eviction from 'Jagannath land'
Dec 21, 2013
BHUBANESWAR: A large number of people on Friday staged a demonstration at Jatni, about 20km from here, protesting against the state government's move to settle their land in favour of Puri's Jagannath Temple.
Hilton to open first property in Kerala
Dec 21, 2013
DELHI: Global hospitality major Hilton Worldwide is set to open the first Hilton Garden Inn property in Trivandrum by the end of the month. The hotel set to open on December 27, 2013 will be a 134-room property located on Punnen Road.
LMW joins hands with Sobha to launch project in Coimbatore
Dec 20, 2013
COIMBATORE:Textile machinery manufacturing major Lakshmi Machine Works has partnered with property developer Sobha to promote a housing development project, élan, at Ganapathy in Coimbatore. The project is coming up on a 4.76-acre plot owned by LMW.
Realtors expect positive sentiment from RBI's bold policy move
Dec 19, 2013
DELHI: Real estate developers and property consultants today hailed RBI's decision to not raise the key policy rates, saying that the bold move by the apex bank would infuse positive sentiments in the property market.
Real estate: Soft launches can lead to a hard landing
Dec 16, 2013
MUMBAI: With the festival season turning lacklustre and with the RBI clampdown on 80:20 payment schemes and its variants, a good number of developers are increasingly opting for 'pre-launch' to lure buyers and to get their cash flows going. There is even a fancy name to this called 'soft launch'. Home buyers are flocking towards such schemes, unaware that the risks are greater than the discounts dangled before them. Legal experts term this 'illegal' while property consultants advise buyers to st
Conversion of land use disallowed
Dec 16, 2013
DELHI: The Supreme Court last week dismissed appeal of Oswal Agro Mills Ltd against the judgment of the Bombay High Court which had quashed the sanction accorded by the Municipal Corporation of Greater Mumbai for construction of a residential cum commercial complex in its land in Chembur, in the heart of the metropolis. The high court had asked the municipal commissioner to consider the objections raised by the Police Department, Ministry of Petroleum, Ministry of Environment and Intelligence Bu

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