Latest Realty News

Developers selling non-core biz to improve balance sheet: Study
Sep 21, 2013
BANGALORE: Developers are now focusing more in their own regions and are selling their non-core businesses to improve their balance sheet. Further, interest in tier II city investment has also reduced as investors are unable to make the desired returns in their earlier portfolios.
The property market is witnessing some structural changes with developers gradually coming out of th...
Sep 20, 2013
BANGALORE: Developers are now focusing more in their own regions and are selling their non-core businesses to improve their balance sheet. Further, interest in tier II city investment has also reduced as investors are unable to make the desired returns in their earlier portfolios.
APIIC-Emaar case: ED takes possession of attached land
Sep 14, 2013
HYDERABAD: Enforcement Directorate (ED), which is investigating the controversial land deal between Andhra Pradesh agency APIIC and Dubai-based Emaar for a realty project, today said it has taken possession of the land as part of proceedings into the case.
Akshaya, Disney in tie-up for theme-based housing
Aug 29, 2013
CHENNAI: Chennai-based real estate developer Akshaya plans to introduce theme-based housing project in tie-up with Disney.
Opposition seeks white paper on chit fund
Aug 23, 2013
BHUBANESWAR: The assembly on Thursday witnessed noisy scenes over the chit fund scam with the opposition parties demanding a white paper on it.
Defence Colony lane joins elite list of high streets
Aug 22, 2013
DELHI: A street in Defence Colony, a tony Delhi locality, is fast emerging a high street where one can buy a Stella McCartney runway piece for Rs 14 lakh, crystal chandeliers priced more than Rs 50 lakh and many more luxe items.
Chit fund panel extends affidavit filing deadline
Aug 22, 2013
CUTTACK: The Justice R K Patra Commission of Inquiry, probing into the multi-crore chit fund scam in the state, on Wednesday extended the deadline for submission of compliants before it by 18 days.
Development work in 133 illegal Delhi colonies approved
Aug 09, 2013
DELHI: The Delhi government on August 7 granted permission for carrying out development works in 133 unauthorized colonies with immediate effect.
Hyderabad government land details are available in tablets
Aug 09, 2013
HYDERABAD: In tune with changing times, the Hyderabad district administration will use Tabs (tablet phones) to keep tabs on government land in 16 mandals. Hyderabad could be the first district in the state to use Android-based tablets to get land details
Govt U-turn: GPA okay for property registration
Jul 25, 2013
DELHI: The Delhi government on Monday issued a new notification to allow registration of properties through General Power of Attorney (GPA). The move comes over two months after the Revenue department was pulled up by the Delhi High Court for banning registration of any sale deed for immovable property through a GPA by having “misconstrued” an earlier Supreme Court order.
Luxury housing, redevelopment caters to demand in RA Puram
Jul 22, 2013
CHENNAI: Touted as one of the most-developed residential locations in Central Chennai, RA Puram is considered to be the ultimate residential abode in the city if one is looking for a well-connected and up-market yet calm area.
Pilot to address chit fund awareness meet in city
Jul 19, 2013
BHUBANESWAR: With the hapless investors reeling under the fraudulent money circulation schemes, the Ministry of Corporate Affairs (MoCA) will organise an awareness campaign here on Friday to educate investors.
Consumer-friendly real estate Bill to come up in Parliament
Jul 18, 2013
DELHI: The government is all set to introduce a buyer-friendly real estate legislation which aims to protect consumers and bring transparency in the sector in the Monsoon Session of Parliament.
Chargesheet against Artha Tatwa chief
Jul 11, 2013
BHUBANESWAR: Police on Wednesday filed preliminary chargesheet in a trial court here against Artha Tatwa (AT) Group CMD Pradeep Sethy and six others accusing them of embezzling public deposits worth crores of rupees. The development came a day after the state government announced Rs 300-crore corpus fund for victims of various chit fund companies.
300 cr fund for chit fund victims
Jul 11, 2013
BHUBANESWAR: Taking a cue from West Bengal, chief minister NaveenPatnaik on Tuesday announced Rs 300 crore corpus fund for victims of the multi-crore chit fund scam. "Under no circumstance will my government allow genuine investors to suffer. We are putting in place a strong legal and financial arrangement so that people do not suffer undue loss," the CM said in a statement.
HDFC AMC to sell stake in Nitesh Housing to promoter
Jul 11, 2013
BANGALORE: HDFC Asset Management Company, the portfolio manager of HDFC Mutual Fund, has decided to sell its entire stake in Nitesh Housing Developers, a subsidiary of Bangalore-based Nitesh Estates.
If Bengal Had One Sudipto, Odisha Has Numerous
Jul 06, 2013
BHUBANESWAR: If neighboring West Bengal had one Sudipto Sen to con lakhs of depositors, Odisha has become the breeding ground for one too many, though small in economic scale.
Seashore Group into Diamond Trade
Jul 06, 2013
BHUBANESWAR: The Eco­nomic Offences Wing, which is investigating the financial fraud by Seashore Group, has found that the company was also into diamond busi­ness. Seashore chief Prashant Dash, who was arrested from Mumbai last month, fre­quented the Western Indian States in connection with its diamond business too. He had visited Surat apart from operating out of Mumbai.
AT Group Collected Rs 45 Cr from Balasore, says CMD
Jul 06, 2013
BALASORE: After spending a week in Balasore district jail, Artha Tatwa Group CMD Pradip Sethi and Director Manoj Patnaik were back in Jharpada jail in Bhubane­swar on Friday. They were taken on remand for three days in two phases by the Sahadevkhunta police in Balasore.
AT Group MD back in prison
Jul 05, 2013
BALASORE: Artha Tatwa (AT) Group Managing Director (MD) Manoj Patnaik, who was taken by Sahadebakhunta police on remand, was sent to judicial custody Wednesday after interrogation.
No relief for Seashore CMD from district court
Jul 05, 2013
JEYPORE: In another setback to the Chairman-cum-Managing Director of Seashore group of companies Prashant Kumar Das, who is presently lodged in a jail in Koraput district, the District court here rejected his bail plea Thursday.
Understanding the Key to Growth in Real Estate Industry
Jul 02, 2013
CHENNAI: Government policy needs to include more thought from the corporate sector The Real Estate industry is a key industry to which the growth of India’s GDP is directly linked. To discuss the complexity in the industry Confederation of Indian Industry (CII), organized its flagship ‘CII Real Estate Conclave ‘with the theme ‘Embracing The Complexity of Indian Real Estate’.
Seashore chief bail rejected
Jun 26, 2013
BHUBANESWAR/KORAPUT: The Crime Branch (CB), probing the multi-crore fraud by controversial Seashore Group, said it is still groping in the dark about Rs 1,000 crore, which the money circulation company allegedly diverted to other businesses.
Crime Branch seizes film prints for Seashore link
Jun 26, 2013
BHUBANESWAR: The Crime Branch (CB), probing the alleged multi-crore fraud by Seashore Group, on Monday seized two prints of an upcoming Odia movie in which the company's CMD Prasant Dash invested more than Rs 50 lakh.
Pyari sees Naveen role in AT fraud
Jun 13, 2013
BHUBANESWAR: After Union minister and senior Congress leader Srikant Jena, it was OJM chief Pyarimohan Mohapatra's turn to drag chief minister Naveen Patnaik into the chit fund scam worth thousands of crores.

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