Latest Realty News

Hines Launches $250 Million Hines India Residential Program Set to Focus on Multifamily Projects in ...
Oct 03, 2014
India—International real estate firm Hines recently announced the launch of its Hines India Residential initiative
Excess prime land for Hyderabad metro rail project
Sep 22, 2014
In what could turn out to be the next big land scam, huge tracts of excess land was acquired by the government for the Hyderabad Metro Rail project
Developer may oppose rehabilitation of slum-dwellers on Mumbai airport land
Sep 21, 2014
The on-site rehabilitation of slum-dwellers on airport land is likely to face opposition from developer HDIL
Student engineers to also help Modi build smart cities
Sep 17, 2014
Engineers from various institutes, including the Indian Institutes of Technology (IITs), could help Prime Minister Narendra Modi with ideas to build smart cities across the country
Bangalore, Mumbai to Lead Residential Sales Recovery: Knight Frank
Sep 01, 2014
Residential property sales in India have remained sluggish over the past year amid slowing economic growth, high interest rates and high inflation, among others. But analysts see sales volume picking up in the second half of this year (July-December).
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.
GMC to verify parking space
Aug 30, 2014
The Kamrup metro district administration has asked the Guwahati Municipal Corporation (GMC) to verify the parking provisions of commercial establishments in the city
Govt to create Patna Metro Development Authority
Aug 28, 2014
The state government has decided to create Patna Metropolitan Development Authority (PMDA) to plan comprehensive development of the state capital besides Fatuha, Phulwarisharif and Danapur areas
Over 2 lakh flats remain unsold due to demand-supply gap
Aug 27, 2014
The unabated demand-supply gap in the residential property market has created a pile-up of 2,13,742 unsold units, according to a Knight Frank India report
Realtors seek reforms to pep up sector
Jul 10, 2014
PUNE: Granting the real-estate sector the status of an industry, interest rate subvention to encourage home buyers and higher tax deductions for home loan and interest on these loans top the wishlist of city-based realtors ahead of the Budget on Wednesday.
'Influence zones' proposed near metro rail stations
May 08, 2014
HYDERABAD: If Hyderabad Metropolitan Development Authority's plans materialise, only high-rise buildings with minimum 40 metre height will be encouraged in 'influence zones' (an area in a radius of 300 to 800 metres) around metro rail and MMTS stations soon. Also, mixed land use, where property developers can exploit real estate for commercial, residential, recreational and other purposes, will be allowed in these zones.
Land prices in Mumbai touch new high
Apr 14, 2014
MUMBAI: Acute land shortage in Mumbai has led to a ridiculous situation where plots fetch astronomical rates. On Monday, a 25-acre sprawl belonging to Tata Steel in the suburban Mumbai invited the highest bid of Rs 1,155 crore. Over the past decade, as the housing shortage became more severe, the city recorded phenomenal property transactions. Fours years ago, a land parcel sold for over Rs 4,000 crore, a national record of sorts.
Is it the right time to buy real estate stocks?
Apr 07, 2014
MUMBAI: After underperforming in 2013, when it declined almost 34 per cent, the BSE Realty Index has rallied by 21 per cent over the past month. For a long time now, retail investors have shunned real estate stocks.
Is it time to stop the endless building of flyovers in India?
Apr 07, 2014
MUMBAI: On April 9, 1964 The Times of India reported that the Bombay Municipal Corporation planned to build a flyover at Kemp's Corner. Five roads met at the junction, situated between two hills, and the traffic congestion was bad. "The 48-foot bridge will segregate the north-south and east-west vehicular traffic," ToI reported.
Growth centres planned by state yet to see the light of day
Mar 31, 2014
THANE: The state government's plan to set up growth centres at Bhiwandi, Kalyan-Dombivli and four other locations has developed a hitch.
Realtor Shalimar Group to invest Rs 1,200 cr
Mar 15, 2014
LUCKNOW: Realtor Shalimar Group will be investing Rs 1,200 crore in its two housing projects in Lucknow. The two projects would collectively span 275 acres, Shalimar Director Khalid Masood said. Of these, the company on Thursday announced the launch of a Rs 200-crore housing project ‘Garden Bay’ spread over about 75 acres on Sitapur-Hardoi Road here.
14 consortia show interest in Mumbai Metro's underground line
Mar 11, 2014
MUMBAI: As many as 14 consortia, including those of L&T, IL&FS and HCC, have expressed interest in the new underground section of metro.
Mumbai airport plans Rs 1,600-crore upgrade
Mar 10, 2014
MUMBAI: A metro link improving access to the terminals, expansion of the new T2 terminal, a new taxiway and a tunnel under the runway for airside (the area within an airport’s passport, Customs control and security checks) vehicular movement are being planned in the second phase of the modernisation of the airport here.
Poor response to 'Property Tax Parishkaram'
Mar 04, 2014
HYDERABAD: The Greater Hyderabad Metropolitan Corporation's second 'Property Tax Parishkaram' programme, organised at all circles on Sunday, received good response from property owners, but the authorities failed to redress their grievances. The programme was conducted between 10 am and 1 pm.
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.
MEGA board approves fresh DPR for A'bad metro rail project
Mar 01, 2014
AHMEDABAD: After the announcement of the new route for Ahmedabad Metro, the Board of Metro-Link Express between Gandhinagar and Ahmedabad (MEGA) has approved its fresh detailed project report (DPR). The DPR has been prepared by Delhi Metro Rail Corporation (DMRC) and has now been forwarded to the Centre for further approvals.
GHMC to redress grievances of property tax payers
Mar 01, 2014
HYDERABAD: The Greater Hyderabad Metropolitan Corporation (GHMC) will organize the second 'property tax parishkaram programme' in all GHMC circle offices between 10 am and 1 pm on March 2.
'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.
Metro plans first solar power plant
Feb 24, 2014
DELHI: The Delhi Metro Rail Corporation has planned to install a rooftop solar power plant with a generation capacity of 500 kWh on Dwarka Sector-21 Metro station. The plant is expected to start production in six months, DMRC officials said.
Jones Lang LaSalle India's investment arm looks to raise its second real estate fund
Feb 18, 2014
MUMBAI/BANGALORE: Property consultancy firm Jones Lang LaSalle India's investment arm is looking to raise its second real estate fund with a total target size of around Rs 600 crore. The fund, to be raised in domestic market, will focus on investing in leased commercial assets across major office property markets in India, said two persons close to the development.

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