Latest Realty News

Dubai's-Emaar-Properties-Hires-Contractor-to-Restore-Fire-Ravaged-Hotel
Jan 04, 2016
Dubai's Emaar Properties has hired a local contractor to restore a fire-damaged hotel, stating on Sunday that the New Year blaze would have "no material impact" on the company because the building and risk of fire are covered by its insurance.
Cash-strapped-builders-turn-to-PEs,-NBFCs-to-refinance-debt
Aug 14, 2015
BENGALURU/MUMBAI/NEW DELHI: Real estate developers are increasingly turning to private equity investors and non-banking finance companies to refinance massive debts due to sluggish home sales in the last couple of years and banks becoming cautious about lending to the industry
Chinese-realty-major-looks-to-invest-US-$5-billion-in-India
Jun 11, 2015
China's realty major Dalian Wanda group is looking to invest at least US $5 billion in developing industrial townships in India and is in talks with firms like DLF for partnership.
Real estate market cold as realtors fail to woo customers this festive season
Oct 08, 2014
The festive season has failed to bring cheer to the real estate market, with builders and brokers reporting "notso-encouraging" sales over the past two weeks
No-smoking boards must for new public buildings
Sep 30, 2014
The next time you approach the fire and emergency services department to get a no-objection certificate (NoC) for a new building that will house public facilities, make sure 'no-smoking' boards are installed in its key locations
Most Nagpur buildings sans fire safety measures
Sep 09, 2014
It seems like a disaster is waiting to happen ? nearly 2,358 of the 2,790 buildings in Nagpur have no fire safety clearance
Fire rule setback to gain in building height
Sep 03, 2014
Almost a year after Delhi Development Authority increased the cap on height of residential buildings from 15 metres to 17.5 metres, no one has benefited from the new policy
Another blow for Kolkata real estate
Jul 07, 2014
KOLKATA: Keppel Land, a Singapore-based real estate firm that invested in Bengal's booming real estate sector just before trouble erupted over land acquisition in Singur and Nandigram in mid-2006, exited the state on Tuesday after being frustrated by lack of growth options and surmounting local complications. A consortium of local developers have grabbed the rare opportunity of a land parcel in New Town and struck the deal for Rs 150 crore.
Delhi: 40% buildings don’t comply with fire safety norms
Jun 14, 2014
DELHI: Four out of 10 buildings in Delhi do not comply with the safety norms, according to fire officers. The unsafe buildings include residential and commercial complexes, schools and nursing homes. Even the playschool which caught fire on June 10 did not have a no-objection certificate (NOC), the officers said.
ED conducts searches against real estate firm of West Bengal
May 26, 2014
KOLKATA: The Enforcement Directorate (ED) today conducted searches at the premises of the Rose Valley group in Kolkata in connection with a money laundering case against the real estate firm for allegedly raising illegal funds.
Mumbai-based PE firm to invest Rs 100 crore in Casa Grande
May 21, 2014
CHENNAI: Mumbai-based private equity firm Avenue Venture Real Estate Fund proposes to invest up to Rs 100 crore in city-based developer Casa Grande.
Maximum Scope of Money Laundering in Real Estate Sector: ED
May 15, 2014
DELHI: The real estate sector in India has the maximum scope for money laundering activities and there should be some sort of regulatory mechanism to keep a check on such activities, Special Director of the Enforcement Directorate Balesh Kumar today said.
Ansal Properties to invest Rs 130 crore on SEZ development in Greater Noida
May 13, 2014
DELHI: Realty firm Ansal Properties and InfrastructureBSE 3.72 % has revived its plan to develop a 75-acre IT special economic zone (SEZ) in Greater Noida and will invest about Rs 130 crore over the next three years on construction.
BlackBerry to sell its Canadian real estate for $278 million
May 08, 2014
MUMBAI: Smartphone-maker BlackBerry will sell a majority of its real estate holdings in Canada to real estate investment firm Spear Street for about $278 million.
Ashiana Housing to expand senior citizen living project
Apr 29, 2014
MUMBAI: Riding high on the growing demand of housing for senior citizens, realty player Ashiana HousingBSE 0.56 % plans to expand its retirement housing segment in three more cities in next three years, a senior company official said.
As builders fund parties, homes may be delayed
Apr 12, 2014
BANGALORE: Real estate consultants caution that the ongoing polls could cause project delays as election financing and delayed approval processes are coming in the way of construction activities.
Sobha Developers' sales bookings rise 6 pc in FY14 to Rs 2,343 crore
Apr 11, 2014
DELHI: Realty firm Sobha Developers' sales bookings rose by about 6 per cent to Rs 2,343 crore in the last financial year on higher realisation but missed its target due to the slowdown, especially in the NCR-Gurgaon region.
Private equity firm Milestone Capital sells Rs 145-crore Pune property to HNI
Apr 11, 2014
MUMBAI: Private equity firm Milestone Capital Advisors has sold a 2.5 lakh sq ft commercial property in Pune for about Rs 145 crore to a high-net-worth individual (HNI), marking a potential renewal of interest among such investors in assets that offer stable rental returns in addition to capital appreciation.
Chintels launches Rs 450 crore housing project in Gurgaon
Apr 05, 2014
DELHI: Real estate firm Chintels today launched group housing project 'Chintels Serenity' in Gurgaon with investment of about Rs 450 crore.
Brookefield Asset Management eyes 100% stake in Unitech Corporate Parks
Apr 05, 2014
DELHI: Canadian asset management firm Brookefield Asset Management is seeking to acquire 100% stake in Unitech Corporate Parks, a London Stock Exchange-listed India-focussed real estate investment firm.
Demand for houses declines in third quarter
Mar 29, 2014
DELHI: The slowdown in economy coupled with rise in interest rates and uncertain job prospects has hit the demand for real estate. In the third quarter of 2013-14, sales volumes declined 43 per cent to 11.8 million sq ft from 21.9 million sq. ft in the same period last year, says a study by Knight Frank. Despite this, study says, the annual rise in prices of residential units in the last eight quarters is around 10 per cent.
Net profit of realty firms fell 41% in last 8 quarters: Report
Mar 28, 2014
MUMBAI: Net profit of top 25 real estate companies registered a fall of 41 per cent in the quarter ended December 2013, compared to the peak period of quarter ended March 2012. Net profit margins during this period plummeted from 13.6 per cent to 9.7 per cent, said a report by global realty consultancy Knight Frank.
Payment Default: Cases Registered against Chit Fund Firm
Mar 27, 2014
THIRUVANANTHAPURAM: Various police stations in Thiruvananthapuram and Kollam districts have registered cases against a private chit fund firm which allegedly defaulted in repaying maturity amount to investors.
DLF gets Rs 93.5 crore from IDFC against sale of Noida IT Park
Mar 12, 2014
DELHI: India's largest realty firm DLFBSE 0.06 % today said it has received Rs 93.5 crore from IDFCBSE -2.42 % as final instalment for acquiring an IT Park project in Noida.
Bosch Ltd bets big on energy service business through investments in green buildings
Mar 10, 2014
BANGALORE: Bosch Limited, the Indian subsidiary of the world's biggest supplier of car parts, plans to earn more revenue from its energy solutions business as the company prepares to make it among the three leading players in the country by 2020 and help the company expand its business in the non-auto business.

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