Latest Realty News

India facing pressure to accelerate structural reform
Oct 04, 2013
MUMBAI: The Indian economy has been under pressure with the recent depreciation of the rupee and capital outflows adding to structural constraints which are weighing heavily on its prospects for returning to a high growth path, says a new Asian Development Bank (ADB) report.
UP ranks highest in new investments in real estate sector
Oct 01, 2013
LUCKNOW: UP has been ranked top with maximum share of about 40 per cent in the new investments attracted by real estate sector among top 20 states across the country during the first quarter of current fiscal, industry body ASSOCHAM said today.
Gujarat tops; 35% realty projects completed
Oct 01, 2013
AHMEDABAD: Although Gujarat has seen no new investments in the realty sector in the first quarter of 2013-14, the State topped a list of 20 States in the country with 35 per cent completed projects in the sector during this quarter, apex industry body Assocham said on Monday.
Real Estate Regulatory Bill – Any ‘Real’ Comfort?
Sep 23, 2013
MUMBAI: The Real Estate Regulatory Bill 2013, which the Union Cabinet approved after a long hiatus in June 2013, was touted to be a game-changer for property buyers as well as the industry as a whole. The aim of the bill clearly was to provide buyers with a level playing field in an industry that is perceived as chronically non-transparent.
Ramprastha to invest Rs 1,000 crore in two townships in Gurgaon
Sep 22, 2013
DELHI: Real estate firm Ramprastha Group today said it will invest Rs 1,000 crore over the next four years to develop two townships in Gurgaon, each spread across 450 acres.
Builders at private lenders’ mercy as demand falls, forced to pay interest rates as high as 42%
Sep 21, 2013
NEW DELHI | BANGALORE: The stress among real estate developers is now showing clearly. Private money lenders are back in demand with small and mid-sized real estate developers picking up short-term money at interest rates as high as 42% a year to avoid the prospect of reducing property prices.
Rupee free fall wipes out meager returns on real estate; makes PE exit painful
Sep 12, 2013
MUMBAI/BANGALORE: The depreciating rupee may have helped improve property sales to NRI buyers, but it isn't helping the saviour of real estate developers — private equity firms — which are not only stuck with their earlier investments, but can't raise fresh funds either.
Property market not to gain from curbs on overseas investments
Sep 08, 2013
MUMBAI: Recently, the Reserve Bank of India reduced the permitted amount of annual remittances through the Liberalised Remittance Scheme (LRS) to $75,000 from $200,000 and also prohibited overseas property investments.
Hyderabad's realty sector set for recovery
Sep 06, 2013
HYDERABAD: The spiraling rate of the dollar coupled with modest pricing is likely to attract NRI investment to the city's real estate sector in the near future, said representatives from the industry on Thursday.
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.
Realtors call for urgent implementation of REITs
Aug 25, 2013
MUMBAI: With investor sentiment waning and the rupee plunging to new lows everyday, there is an urgent need for implementing the real estate investment trusts (REITs) to ensure more liquidity in the sector, say experts.
‘Curbs on property investment abroad may boost premium segment in India’
Aug 17, 2013
HYDERABAD: RBI curbs on overseas property investments to protect the rupee seems to be good news for Indian real estate as capital which otherwise would have been diverted abroad will now stay in the country.
Real estate can employ 1.7 crore people by 2025 in India
Aug 14, 2013
DELHI: In a report, global realty consultancy firm CB Richard Ellis said that the potential for development and growth in the real estate sector is tremendous. The sector is expected to generate over 17 million jobs across the country by 2025, thereby making a significant contribution to the GDP.
UP-NCR to be made secure for investments
Aug 14, 2013
DELHI: The Uttar Pradesh government on August 13 took a major decision to attract investment by entrepreneurs in Noida and Greater Noida. In a meeting chaired by the chief secretary it was decided to launch an initiative to improve policing and provide adequate electricity to industries in the region.
Three reasons to invest in Majiwada
Aug 10, 2013
MUMBAI: Located off the Thane-Ghodbunder Road, Majiwada is one of those locations where residential real estate market is riding high on connectivity. Experts say that the area is expected to drive significant residential demand in the coming years. Apart from enhanced connectivity, social infrastructure and comparatively lower prices has gradually rendered Majiwada a prospective residential option for home seekers
Chennai realtor eyes Kerala cities
Aug 05, 2013
KOCHI: Chennai-based builders Southern Investments has announced plans to enter major cities in Kerala with modern residential complexes.
FDI push: Housing Ministry for lowering built-up area norm
Aug 02, 2013
DELHI: The Government is looking to lower the minimum built-up area for attracting foreign direct investment (FDI) in housing projects to 20,000 square metres from the current 50,000 square metres.
Slide in PE real estate deals only a blip: Report
Jul 31, 2013
MUMBAI: Private equity firms are eager to invest approximately $2 billion (Rs 11,854 crore) in the real estate market despite a drop in private equity investments in the first half of 2013, according to a new report.
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.
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.
Singapore, Dubai, London preferred by Indians buying property overseas
Jul 21, 2013
HYDERABAD: DSingapore, Malaysia, New York, Dubai and some cities in the UK, the suburban areas of London in particular, are preferred destinations for Indian property buyers, according to real estate consultancy firm Jones Lang LaSalle.
Sea-facing Worli flat goes at Rs 1.23L/sq ft, the highest in the country
Jul 19, 2013
MUMBAI: The Mumbai realty market threw up another record when a 10th-floor, sea-facing flat of the marquee SamudraMahal in Worli sold at the rate of Rs 1.23 lakh per square foot, the highest in the country.
Real estate regulatory bill must cover all stakeholders: CREDAI
Jul 18, 2013
DELHI: Terming real estate regulatory bill as a populist measure, realtors' body CREDAI today said the proposed law should govern all stakeholders of the industry and not only the developers.

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