Latest Realty News

Star Hotels Turn Luxury Homes
Mar 19, 2014
CHENNAI: The city may soon be losing out a few star hotels. They are likely to be converted into luxury homes as the hospitality sector has hit a low with declining occupancy and fall in business.
Circle rate & market rate: All you need to know
Mar 19, 2014
DELHI: Circle rate is the minimum value at which the sale or transfer of a plot, built-up house, apartment or a commercial property can take place. Market price is the value of such an asset for a transaction between a seller and buyer which is done at an arm length’s principle – with the price determined by the market forces of supply and demand.
SIPs best way to create wealth via mutual funds
Mar 18, 2014
DELHI: At the very basic, wealth creation refers to the process of deploying your money in a manner that there is real-value accretion over the long run. In other words, you should deploy your savings in such a way that the rate of return on your money beats the rate of inflation.
PE investments up by 13 per cent in realty sector for 2013
Mar 18, 2014
MUMBAI:Global real estate consultancy, Cushman & Wakefield’s latest report on private equity (PE) investments in real estate, revealed that total inflows from private equity funds in the real estate sector for 2013 was recorded at Rs 7,000 crores (USD 1.2 billion), an increase of 13 per cent as compared to 2012 (Rs 6,200 crores / USD 1.1 billion). Overall private equity investments across sectors in India have also increased by 11 per cent from USD 9.49 billion in 2012 to USD10.5 billion in 2013
Golden State Capital to raise $500 m from REIT listing
Mar 18, 2014
DELHI: Private equity firm Golden State Capital (GSC) said it will set up a real estate investment trust (REIT) to spearhead operations in India. The company, which hopes to raise $500 million (around ?3,060 crore today) by listing the REIT in Singapore, intends to invest $1 billion over the next three years in stabilised offices that are FDI-complaint.
SC to Hear Sahara Chief's Plea Today
Mar 13, 2014
DELHI: A two-member Supreme Court Bench will on Thursday take up a petition filed by Sahara chief Subrata Roy demanding his immediate release on the grounds that his detention is illegal and unconstitutional. “Declare the order dated March 4 as void, nullity and non-est in the eyes of law,” said the habeas corpus filed on Wednesday.
SC to Hear Sahara Plea Thursday
Mar 13, 2014
DELHI: The Supreme Court will Thursday hear the plea by Sahara group chief Subrata Roy challenging the court's March 4 order sending him to judicial custody, which he described as illegal.
Sahara companies gave each other Rs 16,000 crore in cash
Mar 12, 2014
DELHI: Asked by the Supreme Court to give bank transaction details of Rs 20,000-odd crore they claimed to have refunded to investors, Sahara group companies on Tuesday said they had transferred cash from one company to the other and had not resorted to banking instruments.
Subrata Roy sent to jail, courtesy the mysterious Mr Roshan Lal
Mar 12, 2014
DELHI: In the Sahara group's Subrata Roy case, the angle of political or corporate rivalry behind the case has always existed.
Top global investor CPPIB to set up team in India
Mar 10, 2014
MUMBAI: Canadian Pension Plan Investment Board (CPPIB), among the largest long-term public and private equity investors managing $200 billion in assets, is set to appoint an India team with a new office in Mumbai later this year.
Onus on government to protect, boost real estate
Mar 07, 2014
DELHI: Presently, the real estate sector in India is facing several challenges. These include lack of adequate sources of finance, shortage of labour, steep rise in the prices of raw material, multiple tax system and lengthy and delayed procedures for approvals.
Tata Housing to invest Rs 1,200 cr in retirement homes
Mar 04, 2014
DELHI: Tata Housing today said it will invest Rs 1,200 crore over the next five years on developing 13 housing projects for senior citizens.
HDFC Mutual Fund to raise Rs 1,500 crore for real estate
Mar 01, 2014
MUMBAI|BANGALORE: HDFC Mutual Fund plans to raise up to Rs 1,500 crore for real estate through a newly-formed category — alternative investment funds (AIF). According to two persons familiar with the matter, the asset management company will raise the money through a new division that is likely to be called HDFC AIF.
Global investment in realty sector to reach $45 trillion by 2020
Feb 28, 2014
MUMBAI: Driven by rapid urbanisation and demographic changes, especially in emerging markets, global investment in the real estate sector is likely to increase 55 per cent to $45.3 trillion by 2020 from $29 trillion in 2012, according to PwC.
Mumbai's rapid urbanization to boost real estate industry
Feb 28, 2014
MUMBAI: Mumbai Rapid urbanization and demographic changes, especially within emerging markets, will lead to substantial growth in the real estate investment industry over the next six years, according to Real Estate 2020: Building the future, a new report from PwC. At the same time as the industry's opportunities grow, so too will assets invested into the sector, it said.
Sahara chief moves apex court for cancellation of NBW against him
Feb 28, 2014
DELHI: Sahara Chief Subrata Roy today moved to Supreme Court seeking cancellation of non-bailable arrest warrant issued against him and undertook to appear before it on March 4.
Kuwait’s Hayat ties up with Chennai firm, to invest $100 million in realty sector
Feb 27, 2014
CHENNAI: Kuwait's Islamic investment firm Hayat Invest will invest $100 million (about Rs 620 crore) in the Indian real estate sector in two years in partnership with Chennai-based residential real estate developer XS Real Group.
Supreme Court orders arrest of Sahara boss Subrata Roy
Feb 27, 2014
NEW DELHI/MUMBAI: In more trouble for Sahara chief Subrata Roy, the Supreme Court on Wednesday ordered his arrest following his failure to appear before it in a contempt case arising out of non refund of Rs 20,000 crore to investors by two of his companies.
'Now is not a good time to invest in real estate'
Feb 27, 2014
THANE: Even as Thane city is witnessing a spurt in the number of residential projects being launched by developers, property consultants and experts are, however, divided over whether this is the right time to invest.
Private equity inflow in realty sector up 13 per cent to Rs 7000 crore: Report
Feb 25, 2014
DELHI: Private equity investment in the real estate sector increased by 13 per cent to Rs 7,000 crore last year on higher inflows in the residential segment, global property consultant Cushman & Wakefield said.
Private equity funds returning to realty space again
Feb 24, 2014
MUMBAI: Optimistic about the revival of economy after Lok Sabha elections, foreign and domestic private equity players are now returning to Indian real estate sector, but with caution and will focus on top six-seven cities, say industry experts.
Sebi relies on Sahara order to nail fraudsters
Feb 24, 2014
DELHI: Sebi may still be fighting a legal battle to make Sahara pay over Rs 20,000 crore for refund to investors, but the regulator has cited Supreme Court order in this high-profile case to bring to book operators of at least five illicit money-pooling schemes.
Buy your first home by March 31 to avail tax benefit
Feb 19, 2014
DELHI: Those planning to buy their first house should rush and complete the formalities by March 31 to avail of the additional tax benefit against the interest paid on a home loan. That's because an exemption available to taxpayers will lapse in the current financial year which enables them to reduce the interest paid from the taxable income. The reduction can be up to Rs 1.5 lakh under section 24 of the Income Tax Act and up to Rs 1 lakh under section 80EE against the interest paid on home loan
Bangalore real estate rings in new year with PE deals
Feb 19, 2014
BANGALORE: Just 45 days into the New Year and Bangalore is seen to be racing ahead in attracting private equity investments in the real estate sector. Many deals topping $10 million (above Rs 60 crore) have been concluded or are in advance stages of closing, said multiple industry sources.
Save on taxes by investing in an under-construction property
Feb 17, 2014
MUMBAI: It is true that buying a property in a project under construction offers greater advantages than purchasing a ready property. To begin with, the price of a property under construction is lower because there is no immediate possession. For a ready-property, the seller charges a premium for ready possession. In under-construction property, buyers get time to arrange for funds.

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