Latest Realty News

ICICI Bank offers single interest rate for home loans
Aug 21, 2014
ICICI Bank has announced a single rate of 10.15 per cent for all floating rate home loans up to Rs 5 crore for salaried individuals
India real estate funds look to raise $1 bn from overseas
Jul 29, 2014
Indian real estate-focused private equity (PE) funds are hoping to raise around $1 billion from overseas investors, two people familiar with the matter said. Last year, realty funds managed to mop up close to $370 million from international markets, data from VCCEdge shows. Among the key realty funds that are in the market for money include Red Fort Capital, ASK Group, HDFC Property Fund and JP Morgan, these people said.
Housing Prices Can Fall on Transparency, Timely Approvals: HDFC
Jun 20, 2014
Calling for major reforms in housing sector, HDFC chairman Deepak Parekh has said transparency and timely approvals from different authorities can reduce home prices by almost 20 per cent.
Prices of commercial property like offices and shops fall 30% from peak on oversupply, weak demand
May 13, 2014
DELHI: Prices of commercial property, which includes offices space as well as shops in malls and shopping complexes, have fallen 30% from their peak values in 2008 because of a glut in supply and weak demand over the past few years.
Bad debt: Hiranandani project auction on March 3
Jan 30, 2014
MUMBAI: Housing Development Finance Corporation Ltd (HDFC) on Wednesday invited bids to auction 158 acres of Hiranandani Gardens near Chennai after the developer failed to repay a Rs 539 crore loan.
HDFC, Anand Jain fund to sell 55% stake in Chennai township for Rs 800 crore
Jan 28, 2014
BANGALORE: Anand Jain led Urban Infrastructure Opportunities Fund (UIOF) and HDFC Property Fund are putting a mega township project in Chennai on the block, with an asking price of Rs 800 crore for their 55% stake, people directly aware of the matter said.
Realty sector welcomes home loan rate cuts by SBI, HDFC
Dec 21, 2013
MUMBAI: Welcoming the 0.25 per cent rate cut by two of the biggest home loan financiers SBIBSE 1.24 % and HDFC, realty sector participants today said the move will help revive interest in the gloomy market.
HDFC cuts home loan rate by 25 bps
Dec 20, 2013
MUMBAI: Mortgage lender Housing Development Finance Corp (HDFC) on Thursday announced a quarter percentage point cut in home loan rates.
Housing finance sector poised for growth
Oct 17, 2013
MUMBAI: The housing finance sector is set to see higher growth in the next few years, with an increase in the demand and supply of housing projects.
Margins will be stagnant this fiscal due to high cost of funds: Tata Capital HF
Oct 05, 2013
MUMBAI: Tata Capital Housing Finance may not see much improvement in its Net Interest Margins this financial year, due to higher cost of funds and pressure from high inflation, said R Vaithianathan, Managing Director, Tata Capital Housing Finance.
Greater Noida authority launches industrial plots scheme
Sep 20, 2013
GREATER NOIDA: The Greater Noida Industrial Development Authority has launched a scheme offering industrial plots of sizes greater than 2,100 square metres.
A look at top investment destinations giving best returns in a slumping realty market
Sep 05, 2013
MUMBAI: A big garments exporter in Mumbai wants to invest his kitty of Rs 50 crore somewhere, but neither does the stock market have appetite, nor is gold cheap. His only other option is real estate, but in Maximum City, yields are falling sharply. So, his wealth manager has now advised him to invest in properties in Adayar — some 1,300 km away. Adayar, in south Chennai, is one of the southern city's most expensive neighbourhoods.
A look at top investment destinations giving best returns in a slumping realty market
Sep 04, 2013
MUMBAI: A big garments exporter in Mumbai wants to invest his kitty of Rs 50 crore somewhere, but neither does the stock market have appetite, nor is gold cheap. His only other option is real estate, but in Maximum City, yields are falling sharply. So, his wealth manager has now advised him to invest in properties in Adayar — some 1,300 km away. Adayar, in south Chennai, is one of the southern city's most expensive neighbourhoods.
A look at top investment destinations giving best returns in a slumping realty market
Sep 03, 2013
MUMBAI: A big garments exporter in Mumbai wants to invest his kitty of Rs 50 crore somewhere, but neither does the stock market have appetite, nor is gold cheap. His only other option is real estate, but in Maximum City, yields are falling sharply. So, his wealth manager has now advised him to invest in properties in Adayar — some 1,300 km away. Adayar, in south Chennai, is one of the southern city's most expensive neighbourhoods.
Foreign investors bullish on Indian realty, raise Rs 11,854 crore despite scepticism
Jul 30, 2013
BANGALORE/MUMBAI: Global investors are once again warming up to India's real estate and have raised nearly $2 billion (Rs 11,854 crore) in the past year despite the economic uncertainties and the scepticism surrounding this sector.
HDFC Realty strikes Rs 100-cr property deal for Axis Bank
Jul 27, 2013
MUMBAI: In one of the biggest office rental transactions in recent times, private lender Axis BankBSE -1.84 % is believed to have entered into a property lease deal worth about Rs 100 crore for housing its back office operations.
New home sales fall in Delhi NCR, Pune, Chennai, Mumbai; sales picked up in Bangalore
Jul 26, 2013
DELHI: New home sales fell in Mumbai, Pune, Chennai and Delhi-National Capital Region in the June quarter but picked up in Bangalore, according to data from property research firm Liases Foras.
Qatar fund QIA to invest $300 million in realtor RMZ in one of largest investment deals
Jul 23, 2013
BANGALORE: In one of the largest investment deals in the Indian real estate sector, sovereign wealth fund Qatar Investment Authority (QIA) is investing $300 million ( Rs 1,800 crore) in Bangalore-based real estate developer and South India's largest office space builder RMZ Corp, said three people with direct knowledge of the development.
Days of price rise on residential side behind us: Deepak Parekh, HDFC
Jul 20, 2013
MUMBAI: Amidst stubborn prices in most of the real estate markets, HDFCBSE -2.35 % chairman Deepak Parekh today said the residential price escalation now seems to be a thing of the past.
Housing finance regulator to back HDFC application for $500-m ECB
Jul 04, 2013
BHUBANESWAR: National Housing Bank (NHB), the housing finance regulator, is favourably disposed to HDFC's application for a $500-million external commercial borrowing (ECB) for affordable housing projects in India.
Construction delays make buyers pick resale homes
Jun 29, 2013
BANGALORE | DELHI:New home sales may be few and far between, but resale of properties is booming. Sale of such properties is up 40% across the country in the last six to eight months as buyers become more risk-averse looking at the enormous construction delays, property brokers and financial institutions say.
Realty expo to showcase dream homes in the city
Feb 05, 2013
MANGALORE: Manipal Ace, a subsidiary of Manipal Media Network, is all set to host HDFC-Mangalore Realty Expo 2013.
HDFC Bank bats for review on CRR quantum
Sep 29, 2012
The controversy over the relevance of Cash Reserve Ratio (CRR) has resurrected with HDFC Bank, India's second biggest private sector lender pitching for a review on quantum of deposits that banks need to park with the Reserve Bank of India (RBI). "Some amount of CRR is necessary but the quantum can be examined. Also, it is necessary to review if we have to pay interest on CRR. Most countries h

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