Latest Realty News

Lodha Group eyes Rs 9,000 crore revenue on rising demand of luxury houses
Sep 24, 2014
Riding high on growing demand for its high-end luxury residential offerings, city-based Lodha Group is expecting nearly Rs 9,000 crore revenues this fiscal
Amid shortages, houses remain locked
Aug 30, 2014
Housing is an important sector of the Indian economy with backward and forward linkages with over 260 industries and is a major employment generator only after agriculture. As per estimates of the Central Statistics Office, the housing sector contributes as much as 5 per cent to the GDP of the country.
Low-cost housing project for Bhubaneswar soon
Aug 26, 2014
The Bhubaneswar Development Authority (BDA) plans to make houses available for as little as Rs 5 lakh in an affordable housing project to be implemented in public private partnership mode (PPP) on a 20-acre plot at Gothapatna
Sebi lens on companies for stock tweak via Mauritius
Apr 15, 2014
MUMBAI: The market regulator has sought information from some large Indian business houses about the nature of their financial dealings with UBS, one of the largest banks in the world, about eight years ago.
Plan your investments at the start of the year
Apr 08, 2014
MUMBAI: The beginning of a new financial year is a good time to revisit your portfolio and take stock of your finances. Early planning helps you earn more returns and prevents you running from pillar to post in the last week of the next March.
Demand for houses declines in Q3
Mar 28, 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% 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%.
Widows of soldiers duped of MHADA houses, Mumbai police to investigate
Mar 10, 2014
MUMBAI: Maharashtra Housing and Area Development Authority (MHADA) has asked Mumbai Police to investigate a case of thirteen widows of Indian Army soldiers allegedly duped of low-cost houses in Mumbai they are supposed to have won in a lottery.
Low demand pushes down cement prices in Gujarat
Mar 08, 2014
AHMEDABAD: Despite the ‘development’ plank in BJP’s Prime Minister candiate and Gujarat chief minister Narendra Modi’s electoral campaign, cement prices, a major commodity that gets used in the infrastructure sector, have not seen much upturn in Gujarat this year. For that matter, last quarter, prices in the Ahmedabad market were rather down by 10-13 per cent owing to slowdown in demand from end user industries like real estate and infrastructure.
Bad loans expected to be higher this fiscal: FM
Mar 07, 2014
DELHI: Finance Minister P. Chidambaram Wednesday said the Non-Performing Assets (NPAs) or bad loans of the public sector banks are expected to be higher this fiscal, which is a matter of big concern.
However, realtors still seen tapping customers
Feb 25, 2014
DELHI: Most developers and consultants have put in an “uncertain” clause in their annual planning for real estate projects, and have decided to fine tune schemes only after election results in June. But even as upcoming elections have slowed down real estate launches and announcement of new projects in the country, developers and brokers are using this time not just to clear inventory but also to tap customers in a slow market.
Vote on Account 2014: Indian real estate embracing change in the time of economic revival
Feb 15, 2014
MUMBAI: The past decade has seen the Indian real estate industry ride on a roller coaster ride through many highs and lows. This period has seen the expansion fury which gripped the sector with the market peaking in 2006 -2007 characterized by a growth in demand, substantial development and increased foreign investments. By mid-2008, this fervour was replaced by cautious evaluation of business models and plans, which was the key agenda of the business houses when the market loomed large with unc
Realtors offering 'branded' homes to beat slowdown
Feb 12, 2014
DELHI: Domestic property developers tying up with international designers for residential projects seems to be a trend the country's luxury real estate sector is hooked on. On offer are products ranging from homes based on the Disney theme to Spanish-style living and interiors designed by the likes of Italy's Tonino Lamborghini, Casa and Armani.
Construction cost to go up 12% in Bharuch
Jan 22, 2014
BHARUCH: Construction cost in Bharush is set to escalate by 12 per cent following the decision to increase the rates of construction material taken by Bharuch District Contractors Association on Thursday.
Rajasthan ideal for investments, Vasundhara Raje tells NRIs
Jan 10, 2014
JAIPUR: In an effort to fulfill the poll promise of providing 15 lakh jobs in the next five years, chief minister Vasundhara Raje on Thursday appealed to Non-Resident Indians (NRIs) to invest in the state. In her message to NRIs on the occasion of Pravasi Bharatiya Divas in New Delhi, she underscored Rajasthan's advantage over other states.
Sikkim constructing 8,000 earthquake-resistant houses
Dec 30, 2013
DELHI: Sikkim government has initiated a Rs 391 crore project for constructing nearly 8,000 resilient houses capable of withstanding earthquakes and minimise loss of lives and property.
Realty Surprisingly Static in Krishna, Guntur Districts
Dec 16, 2013
GUNTUR: Even as the T-bill reached the state capital and Assembly and a hot debate was raging across the state about the creation of a new Telangana as the Union government has firmly determined to divide the state to keep its promise, the realty business has not been picking up in the Krishna and Guntur districts.
Odisha plans 30,000 pucca houses along coastline: Minister
Dec 13, 2013
BHUBANESWAR: Prone to natural calamities like cyclone, flood and tsunami, Odisha government plans to construct about 30,000 pucca houses along state's coastline, besides setting up 162 cyclone and flood shelters in the coastal region.
RBI shouldn't grant banking licences to companies: Parliamentary panel
Dec 10, 2013
DELHI: A parliamentary panel has suggested that the Reserve Bank of India (RBI) should not grant new banking licences to companies since the banking business is highly leveraged and involves public money. "Banking being a highly leveraged business involving public money and public welfare, the committee (members) are of the considered opinion that it will be more in the fitness of things to keep industry and banking separate," the committee noted in its report released on Monday.
Govt to build cheap houses
Dec 03, 2013
BHUBANESWAR: The state government plans to build 5,300affodable houses at the cost of Rs 5.4 lakh each and make those available to the economically weaker sections (EWS) for Rs 2.69 lakh through three housing projects.
Rush for holiday homes pushes up realty prices
Sep 18, 2013
CHENNAI: The upper-middle class families’ desire to own holiday homes where they can unwind on weekends is driving realty prices up in many hill stations and coastal locales within driving distance from metros. With 8% to 12% appreciation per annum, many holiday home locations in the country are comparable or better off than some of their urban counterparts that are constrained by space limitations, says realty consultant Jones Lang LaSalle (JLL).
Over 900 govt residences in Delhi in ‘dangerous’ state: CPWD
Sep 02, 2013
DELHI: More than 900 central government residences in Delhi have been declared “dangerous” by the CPWD while another 4,480 houses are in a dilapidated state.
Gujarat Housing Board to build 40,000 affordable houses every year
Aug 02, 2013
AHMEDABAD: The Gujarat Housing Board (GHB) announced that it will build affordable houses every year for low and medium income groups.
Chit fund scam: CB arrests two officials of Flourish India
Jul 18, 2013
BHUBANESWAR: The Crime Branch (CB) of Odisha Police on Wednesday arrested two officials of chit fund company Flourish India for allegedly duping investors to the tune of Rs 100 crore in the state. The arrested officials are the company's ex-Managing Director Prasanna Dash and current MD Ballav Prsad Nayak.
Road may eat into farmhouse land
May 30, 2013
As many as 200 south Delhi farmhouses may soon have to give up a part of their land for the expansion of proposed eight-lane Mandi Road. The project, connecting south Delhi to Gurgaon and Faridabad, requires acquisition of around 45 hectares of land and farmhouses along the Mandi Road stretch — on Chattarpur, Sultanpur, Gadiapur and Jonapur — are likely to be affected. Union urban minister Kamal Nath gave in-principal approval for the project on Monday and asked PWD and DDA to expedite the proce
More illegal houses come to light
Jan 12, 2013
HYDERABAD: More irregularities pertaining to unauthorised constructions in Manikonda and Poppalguda gram panchayats have come to light in the fresh probe launched by officials into structures that came up in these villages in the recent past.

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