Latest Realty News

Real estate rides wave of growth in 2013
Dec 15, 2013
NAVI MUMBAI: The city has surged ahead in the race with Thane on the real estate front this year, with 8,845 units being up for sale in the last 12 months as against 5,406 units the previous year. A study done by Cushman and Wakefield (C&W), a global property consultant, revealed these statistics.
Blanket ban on extraction of ground water in Noida impractical
Dec 14, 2013
DELHI: The complete ban on extraction of ground water, especially in Noida-Greater Noida regions by the National Green Tribunal (NGT) has come as a major impediment for construction firms.
KGS hits new ground with Chennai Open partnership
Dec 14, 2013
CHENNAI: Aircel Chennai Open has announced that KGS Group will be the Official Real Estate Partner of the $4,50,000 tournament.
Rakindo launches the next phase of Orchids in Coimbatore
Dec 14, 2013
COIMBATORE: Rakindo Developers, a joint venture between Rakeen, a company promoted by the Government of Ras-al-Khaimah and Trimex, an infrastructure company in India, is developing a residential project in Coimbatore, Orchids. The affordable gated community houses over 800 1, 2 and 3 BHK apartments, ranging from 672 sq. ft to 1,459 sq. ft.
Maximum homes sold are priced under Rs 5,000/sq ft: Research firm
Dec 12, 2013
DELHI: Apartments priced under Rs 5,000 per sq ft account for nearly three out of four homes sold in Mumbai, National Capital Region, Pune, Bangalore and Chennai over the past year, data from real estate research firm Liases Foras shows. While such homes comprised 73% of the total sales in these areas, the figure was an even higher 84% in Bangalore and Pune.
'Launch of new homes falls 12% in 8 cities this year'
Dec 12, 2013
DELHI: Launch of new homes dropped by 12 per cent to over 1.72 lakh units so far during this calendar year in the eight major cities due to cautious approach by developers in view of slowdown in demand, according to global property consultant Cushman & Wakefield.
Government allows Limitless to exit JV with DLF
Dec 11, 2013
DELHI: The government has allowed Dubai-based Limitless to exit its joint venture with realty major DLFBSE -1.96 % and repatriate capital of about Rs 200 crore as the partners were not able to acquire land to develop a project in Karnataka.
Lodha takes big strides amid gloom
Dec 10, 2013
MUMBAI: Late last month, Mumbai-based Lodha Developers hit the headlines when it announced the acquisition of MacDonald House, an upscale property in one of the most sought-after localities in central London which is near the old US embassy, for close to Rs 3,000 crore (£299 million) from the Canadian government. The 0.67-acre property is located in the heart of the city and houses the Canadian High Commission. Once it is completed, the acquisition will make Lodha Developers the owner of one of
Global IT firms hunt for properties in Indian cities to expand business
Dec 07, 2013
BANGALORE: Multinational information technology companies are on a property hunting spree across major Indian cities as they expand offices and hire more people to run them. The brisk investment flow has come as a blessing for the real estate sector, which has been struggling with falling sales and rising inventories for the last two year
Godrej Properties buys out PE firm in Kolkata project
Dec 05, 2013
MUMBAI: Godrej Properties Ltd has bought out private equity (PE) firm Red Fort Capital’s 49 per cent stake in its subsidiary Godrej Developers Pvt Ltd (GDPL) for an undisclosed amount.
Realtors keen on getting projects rated: Crisil
Dec 04, 2013
KOCHI: Several real estate developers are showing interest in partnering with Crisil Ratings to obtain certification prior to showcasing their projects before customers, Sachin Nigam, Senior Director – SME Ratings, Crisil Ltd, has said.
Vishrantwadi: Property prices rise by 50 per cent in two years
Dec 02, 2013
PUNE: If you are looking to buy property that offers connectivity and ensures consistent returns, don’t miss Vishrantwadi in east Pune. According to Magicbricks.com data, property prices in the locality rose by 50 per cent in the last two years.
Listed players on shaky foundations
Nov 28, 2013
MUMBAI: The real estate sector saw phenomenal growth in the last two decades, as the market went from primarily Government-sponsored housing to large private townships.
Blackstone Real Estate partners to exit Synergy Property for Rs 260 crore
Nov 27, 2013
BANGALORE: Blackstone Real Estate Partners, an affiliate of The Blackstone Group LP, is exiting its investment in Bangalore-based Synergy Property Development Services in a deal valued at Rs 260 crore.
FDI funding in real estate market is need of the hour
Nov 20, 2013
MUMBAI: Real estate is one of the fastest growing sectors in India and plays a momentous role in its overall progress and development. Having significant linkages with other sectors and associated industries, real estate has the capacity to generate income with a multiplier effect.
Despite slowdown, listed developers see signs of relief
Nov 19, 2013
DELHI: Despite a weak property market, most listed developers reported better cash collections and lower interest expenses in the September quarter, as they handed over several projects to customers and reduced or refinanced debt.
Festival season bypasses real estate
Nov 19, 2013
MUMBAI: The real estate sector witnessing weak demand and burdened with oversupply in various pockets across the country looked up to the festive season this year to bring back some cheer. Dussehra and Diwali are behind us, and initial reports suggest that the season did not turn out as expected.
Technology driven construction for real estate developers
Nov 18, 2013
DELHI: Engineering in the real estate segment has expedited real estate players to develop propelled national and global infrastructures.
KV Developers receives all approvals for ‘WindPark’
Nov 16, 2013
DELHI: K V Developers Pvt. Ltd (KVD), the real estate arm of the KV Group, today announced the receipt of all the necessary approvals from Greater Noida Authority to launch WindPark – a futuristic group housing project in Tech Zone IV, Greater Noida (West). Spread over approximately five acres of land, the project will showcase around 7 towers with units varying from 2BHK, 3BHK and 3BHK + Servant room spanning an area of approximately 995 to 1,505 sq ft.
Parsvnath to build township at Gurgaon-Sohna road for Rs 1,100 cr
Nov 13, 2013
DELHI: Parsvnath DevelopersBSE -1.34 % will invest Rs 1,100 crore over the next four years to develop a large, integrated township on Gurgaon-Sohna road.
Top realtors rush to hills to tap holiday home demand
Nov 12, 2013
DELHI: Luxury holiday homes in the hills are once again becoming an object of desire and India’s top real estate companies are ready to meet this demand, especially as the slowdown has eroded sales in urban markets. Entrepreneurs, retired industrialists and top executives are all looking to pick up a second home to get away from the hassles of city life.
Stamp duty hike move irks realtors
Nov 12, 2013
BHUBANESWAR: The state government's decision to amend the Indian Stamp Act has drawn flak from real estate developers and builders, who say it would lead to 'double taxation'.
Parsvnath looks to monetise land assets in southwest region
Nov 07, 2013
DELHI: Realty firm Parsvnath DevelopersBSE -0.38 % today said it plans to monetise non-core land parcel in South- West India either through joint ventures with local builders or outright sale of plots.
Kerala developers going for Crisil star ratings
Nov 02, 2013
KOCHI: As the realty sector faces tough times, more developers from Kerala are going for Crisil 7 star rating. The 7 star rating is the topmost real estate project rating given by Crisil.
Housing projects may face more delays ahead
Oct 31, 2013
MUMBAI: Delayed housing projects have become common in India—a recent study said one-fourth of all residential projects in the country are delayed—and the problem is likely to get a lot worse going by the sheer number of apartments scheduled for delivery till 2016.

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