Latest Realty News

CAG-raps-Haryana-govt-under-Congress-regime-for-'undue-favours'-to-Vadra
Mar 26, 2015
Chandigarh: "Undue favours" to builders, including Robert Vadra's Skylight Hospitality, by the Haryana Government during the earlier Congress regime has come under attack from the Comptroller and Auditor General (CAG)
Religare-plans-to-raise-Rs-1,000-crore-for-socially-relevant-assets-under-REIT
Mar 19, 2015
MUMBAI: Religare Global Asset Management, part of Religare Enterprises, is working on a plan to build a portfolio of socially relevant assets including hospitals, schools, retail malls and cinema halls that can be listed under a Real Estate Investment Trust
Capital land deals put FIU on alert
Dec 12, 2014
HYDERABAD: The Financial Intelligence Unit (FIU) of the Union ministry of finance has raised a red flag over scores of high-value monetary transactions happening in the proposed capital region of Andhra Pradesh
UDH dept limits luxury realty project’s height
Dec 10, 2014
JAIPUR: The urban development and housing (UDH) department revoked the permission granted to the luxury multi-storied apartment project to construct the building up to 30 metre height
In 3 years, Robert Vadra firms reaped up to 600 per cent profit in land deals
Nov 29, 2014
Three companies owned by Robert Vadra, son-in-law of Congress president Sonia Gandhi, made profits up to 600 per cent within three years of investment in real estate in Rajasthan
India needs 25 million housing units, will touch 38 million by 2030
Nov 25, 2014
New Delhi: The EWS Housing scheme alone requires 23 million units, even as The Delhi Development Authority (DDA) has launched its biggest housing scheme
Robert Vadra's Sky Light Realty inventory zooms tenfold over three years
Nov 05, 2014
New Delhi: The real estate inventories of Robert Vadra firm Sky Light Realty zoomed nearly 10 times in three years
Mumbai to witness an additional demand of housing units by 2018-end
Oct 20, 2014
MUMBAI: The city is expected to witness an additional demand of around 231,000 housing units across all segments by 2018-end
No Finding Received on Rs. 30 Crore Service Tax Evasion Charge: DLF
Oct 01, 2014
DLF, India's largest realty firm, said it has not received any findings from authorities on alleged service tax evasion of about Rs. 30 crore
DLF under scanner for alleged service tax evasion of Rs 30 crore
Sep 28, 2014
Real estate major DLF has come under the scanner of central revenue officials for allegedly evading service tax to the tune of about Rs 30 crore
Cost of houses pretty high, scope for reduction: RBI's S S Mundra
Sep 24, 2014
Residential property prices in India have a lot of scope for reduction as supplies are sufficient, a top RBI official said
Gujarat Housing Board asked to pay for failing to give house for 15 years
Sep 16, 2014
As the Gujarat Housing Board (GHB) conducted draws recently and promised housing units to thousands of people in near future, Shahpur's Prakash Modi is likely to get his deposits back nearly 15 years after he had booked a house in GHB scheme, which was never materialized
Deb land scam finger at Left Front
Sep 12, 2014
Minister Gautam Deb today alleged that the erstwhile Left Front government had given land to a private realty firm at a rate less than the prevailing market price in 2003 and officials of the Siliguri Jalpaiguri Development Authority were involved in the deal
KDA to develop residential townships
Sep 06, 2014
Integrated townships would be developed on outskirts of the city soon. This decision was taken in a meeting which was attended by the divisional commissioner and KDA vice-chairman
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
Affordable Housing Units by BDA in Capital City Soon
Jun 14, 2014
BHUBANESWAR: In a bid to stabilise the housing prices in the Capital, the Bhubaneswar Development Authority (BDA) has decided to construct 7,000 affordable housing units by the end of this year.
Hike in property rates with cushion
Feb 08, 2014
BHOPAL: Hike in property rates in next fiscal is not likely to burn a hole in pocket of citizens. MLA Vishwas Sarang opposed rate hike in various areas of the district, saying that there is no logic behind the same and members of the district evaluation committee should take into account realty surveys done by National Housing Bank and Housing Start-up Index (HSUI).
LIG housing project draws controversy
Jan 27, 2014
AHMEDABAD: The recent construction work allotment of multi-crore LIG housing project of the Ahmedabad Municipal Coprortaion (AMC) led to a controversy on Wednesday. The leader of opposition in the corporation accused the standing committee of helping contractors form a ring to get a large chunk of the Rs 759-crore project. The AMC would construct more than 4,500 houses for the lower income group under the scheme.
Wind power project: Panel clears urban poor housing proposal
Jan 27, 2014
SURAT: At a time when Surat Municipal Corporation's(SMC) own electricity bill is likely to cross Rs 100 crore per anum , the ruling class of the city has decided to deliberate and discuss , the proposal of setting up a Rs 47 crore windpower plant to generate own power.
AMC’s LIG housing schemes soon
Jan 21, 2014
AHMEDABAD: One of the biggest housing packages for the Lower Income Groups (LIG) would be unleashed by the Ahmedabad Municipal Corporation (AMC) in the coming days. After Auda laid stress on the affordable housing in the city in its latest development plan for Ahmedabad, the AMC’s standing committee agenda carries allocation of construction works to various developers to come up with such houses.
‘Include slum population in DP’
Jan 14, 2014
MUMBAI: More than a dozen social welfare groups and slum representatives demanded a more inclusive process for slums in the city’s Development Plan (DP) in a public meeting with BMC Saturday.
Property tax hike feared
Jan 09, 2014
AHMEDABAD: The municipal budget for 2014-15 will just cross the Rs 6,000-crore mark this year, said some senior AMC officials. With no new JNNURM project approvals and the nearly empty coffers of the once cash rich AMC, the civic body would be forced to tighten its purse strings this year.
Affordable housing in India is the need of the hour
Dec 23, 2013
DELHI: The government has set an ambitious agenda to boost affordable housing in the country, including the metro cities and larger towns. But even several years after making its policy intention clear, the segment has lagged behind its potential. The supply of affordable homes has not been able to keep pace with the demand.
Plea filed in HC challenging Khar highrise
Dec 16, 2013
MUMBAI: The construction of a plush residential skyscraper on a tiny plot opposite Khar Gymkhana has been challenged in the Bombay high court on the grounds that it is "illegal''.
Real estate sector needs encouragement: Vyas
Dec 14, 2013
DELHI: Housing and Urban Poverty Alleviation Minister Girija Vyas today said the real estate sector, which is grappling with problems like manpower shortage, should be encouraged to boost the economic growth of the country.

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