Latest Realty News

Investment in Pune property market remains rewarding
Dec 10, 2013
PUNE: What makes Pune such an attractive property investment destination despite the fact that Mumbai, India’s legendary real estate market par excellence, is right next door? A few years ago, the reasons for this were not as obvious as they are today.
SC sends contempt notice to Subrata Roy
Dec 10, 2013
DELHI: The Supreme Court on Monday asked Sahara group head Subrata Roy and two others why contempt proceedings be not initiated against them for allegedly trying to browbeat a senior Enforcement Directorate official who was investigating a maze of alleged illegal financial transactions of the group running into hundreds of crores of rupees, some of which related to the 2G spectrum scam.
Buying a house? It’s right time for realty check
Dec 05, 2013
MUMBAI: A recent report from property consultancy firm Knight Frank says that real estate prices in certain Mumbai areas have declined by 10%. The same report says almost 45% of the new properties that are coming up in the city are unsold.
How to find the perfect location for real estate investment
Dec 03, 2013
DELHI: When it comes to profitable investment, property is one of the most lucrative avenues. Profitability is not a given, however – property investment must make sense from a returns-on-investment point of view. In that respect, one must carefully pick from available options.
Does real estate give spectacular returns
Dec 02, 2013
DELHI: A client called me for advice on a real estate investment. He had recently sold some old family property and wanted to invest his share of the proceeds in a commercial property. Real estate dominated his portfolio, so I told him not to put all eggs in one basket. The client shared his inherited piece of wisdom that since time immemorial, real estate has given great returns: "Invest in thousands and reap in lakhs."
City of Palaces’ growing slowly in smaller towns
Nov 29, 2013
KOLKATA: Year 2006. West Bengal’s Tier-II towns had their brush with the realty boom. It covered smaller towns such as Burdwan, Durgapur, Assansol, Shantiniketan, Bolpur, Prantik and Katwa.
Decision on relaxing FDI norms for housing sector likely Monday
Nov 23, 2013
DELHI: The government is likely to take a decision on Monday on relaxing FDI norms for the housing sector, including easing conditions for exit before the three- year lock-in period.
Four great reasons to buy instead of renting a home
Nov 23, 2013
DELHI: If you’ve been indecisive about buying a home and have so far preferred to rent instead, this is a good time to finally make your move. Home ownership is one of life’s greatest joys, but that is not the only reason why you should finally take the plunge. The advantages of home ownership are:
Non-IT takes a big bite of Bangalore's property sales
Nov 22, 2013
BANGALORE: The IT and ITeS sectors' bull grip on Bangalore's residentialrea estate market has dramatically loosened over the past five years. The sales contribution from non-IT sectors has surged past the halfway mark for most city-based developers.
REIT: Boon or bane for the Indian realty market
Nov 18, 2013
MUMBAI: REIT or Real Estate Investment Trust is a pooled investment instrument, like a mutual fund. While mutual funds invest primarily in debt, equity and money markets, REITs invest in real estate projects which are usually completed and are commercial in nature. The market regulator, Securities and Exchange Board of India (SEBI) has recently issued a consultation paper on the draft regulations for REITs. The instrument that is popular in several global capital markets may soon start operating
Government defers proposal on relaxing FDI norms for housing
Nov 15, 2013
DELHI: The government today deferred a proposal on relaxing FDI norms for the housing sector.
Government defers proposal on relaxing FDI norms for housing
Nov 14, 2013
DELHI: The government today deferred a proposal on relaxing FDI norms for the housing sector. "Minister of Urban Development Kamal Nath has requested for deferment of the proposal," a source said.
The missing link in new Reit regulations
Nov 06, 2013
MUMBAI: Recently, the Securities and Exch-ange Board of India's Chairman, UK Sinha said that if Reits have to succeed, they will have to be tax-efficient. He further said he will ask tax-authorities to consider tax incentives for real estate investment trusts. "We'll talk to the I-T department to make it happen," he added.
Cementing the future of REIT
Nov 03, 2013
MUMBAI: In a major step to fuel the growth of the country’s real estate sector, SEBI recently released a consultation paper together with the draft Real Estate Investment Trust 2013 (REIT) regulations. Issued after discussions with stakeholders, the draft regulations have been widely seen as robust and along the lines of regulations in other countries. It is critical that the initial REITs prove successful for investors so that they can become a stable platform for providing developers exits fro
SEBI cracks down on an illicit real estate scheme
Nov 02, 2013
MUMBAI: Market regulator SEBI on Friday barred Servehit Housing & Infrastructure India and its directors from raising money from public after a probe into mobilisation of funds by the company through alleged illicit real estate scheme.
Landmark Holdings exits from Wave’s Ghaziabad project
Oct 31, 2013
DELHI: Delhi-based real estate investment firm Landmark Holdings has exited its investment in Wave Group’s 4,500 acre Hi Tech City project in Ghaziabad for approx Rs 350 crore making over 3x on its original investment.
Tax breaks for REITs only after elections: FinMin
Oct 29, 2013
MUMBAI: The third attempt by market regulator SEBI to revive the much anticipated Real Estate Investment Trust platform has hit a roadblock yet again. And this time it is the upcoming elections that have played spoilsport.
Foreign banks offer dual-rate products
Oct 28, 2013
MUMBAi: Amid rising interest rates, foreign banks in the country are making an effort to attract home loan borrowers by introducing dual rate or fixed-cum-floating rate products.
What isn't your investment?
Oct 25, 2013
MUMBAI: Have you ever considered whether you have become a crorepati after the price of your house rose 50 per cent in two years? Or, whether you have Rs 10 lakh of family jewellery?
Four steps to successful real estate investment in Chennai
Oct 25, 2013
CHENNAI: Whilereal estate is one of the most popular asset classes, it requires a combination of knowledge and discipline to generate healthy returns on investment. Here are four steps that could help you in making a successful decision and reap rich rewards in the long term.
Taking the illiquid route to achieve financial goals
Oct 16, 2013
MUMBAI: Two years earlier, Sham and Sandhya Virkar bought a 400-sq-ft 1-BHK flat in the Badlapur area of the Mumbai suburbs for Rs 21 lakh. They plan to sell it if they require extra funds for their daughter's marriage, which might be seven to eight years away.
Sebi issues draft norms for Real Estate Investment Trusts
Oct 11, 2013
MUMBAI: Looking to attract more investments into the capital market, Sebi today proposed listing of Real Estate Investment Trusts (REITs), a popular instrument for raising funds in the realty sector.
Curbs on realty foreign direct investment below 50% may stay
Oct 09, 2013
DELHI: The government may reject the urban development ministry's proposal to scrap all restrictions on foreign direct investment below 50% in real estate on the grounds that there can be no exemptions on rules such as minimum area norms.
Popping the myth of the property bubble
Oct 06, 2013
CHENNAI: Most Indians believe that property is the ultimate investment. After all, haven’t home prices been heading only one way — up? For instance, prices in Chennai have trebled since 2007.
Here's how you can tackle a ballooning EMI
Oct 04, 2013
MUMBAI: After the unexpected policy rate hike on September 20 by the Reserve Bank of India (RBI), many banks are contemplating an increase in their lending rates. If they decide to hike their base rates, home loan borrowers may have to deal with a ballooning EMI once again within a short span of time.

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