Latest Realty News

Housing projects may face more delays ahead
Oct 31, 2013
MUMBAI: Delayed housing projects have become common in India—a recent study said one-fourth of all residential projects in the country are delayed—and the problem is likely to get a lot worse going by the sheer number of apartments scheduled for delivery till 2016.
DLF profit falls 27%, hit by slowing home sales
Oct 31, 2013
MUMBAI: DLF LtdBSE -0.07 %, country's top real estate developer, posted a 27 per cent fall in its consolidated net profit for the July-September quarter, hit by slowing home sales in Asia's third-largest economy.
REIT: A measured step to protect the growth of real estate sector
Oct 30, 2013
MUMBAI: Real Estate Investment Trust (REIT) will be registered as a trust with SEBI and provide financing and exit options both for the investors as well as developers.
Uncertainty over Navi Mumbai airport impacts Ulwe’s real estate
Oct 30, 2013
MUMBAI: The state of uncertainty over the proposed Navi Mumbai International Airport has put the real estate market at Ulwe node, in shambles. It is mainly on the back of this project, home buyers have been showing interest in the area but now that there have been talks to scrap the project, there is a reason for property buyers to get jittery.
RBI hikes rate, but your EMIs unlikely to go up
Oct 30, 2013
MUMBAI: Reserve Bank of India governor Raghuram Rajan on 29th October stepped up the inflation control drive by raising a key policy rate but the increase is unlikely to impact interest rates for home, car and consumer loans.
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.
Demand to outstrip supply in the next five years
Oct 28, 2013
MUMBAI:The immediate outlook in housing supply may indicate that demand is yet to catch up, resulting in over-supply. But this is set to change, according to a report by real estate property consultants Cushman & Wakefield.
Home Linen from Hugo Boss
Oct 28, 2013
MUMBAI: Surprise Home Linen brings you the Boss Home Collection from the Hugo Boss Group, an international premium and luxury fashion brand, which brings to India its new bed and bath offering.
Realty firms gear up for first asset-backed property bonds
Oct 28, 2013
MUMBAI: Property firms, including DLF Ltd, are gearing up to sell the country’s first bonds backed by rental income from their office buildings and shopping malls.
Kanjurmarg competes with Mulund and Ghatkopar
Oct 28, 2013
MUMBAI: Kanjurmarg, one of the suburbs located on the east-central side of Mumbai, is known for its affordable housing projects, as compared to other suburbs such as Mulund and Ghatkopar. Considering its proximity to several other real estate destinations, the area today, has carved a path for itself. Here are some of the major reasons why it has become a vibrant real estate destination.
Sebi seeks tax incentives for REITs
Oct 28, 2013
MUMBAI: Securities and Exchange Board of India (SEBI) will ask tax authorities to consider incentives for real estate investment trusts, Sebi Chairman U K Sinha said on Monday.
Growing spaces into green towns
Oct 27, 2013
MUMBAI: As electricity bills soar and water scarcity looms every summer, it would be obvious that living in a building that enables its occupants to conserve water and power makes sense. Imagine living in a community or town geared towards conserving natural resources. Where public spaces are available for people to socialise and children to play, the roads are pedestrian-friendly and the work spot is within walking distance.
Wadias, Rahejas in battle over prime Mumbai land
Oct 26, 2013
MUMBAI: The Wadias are gearing up for another war. This time, the battle is over vast tracts of land owned by a Nusli Wadia-run estate in Mumbai. While the Wadia camp claimed the dispute was over 350 acres, the Rahejas said the dispute pertained to 100 acres.
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?
Small cities, satellite towns defy realty slowdown
Oct 25, 2013
MUMBAI: Slowing house sales in major cities such as Mumbai and Delhi notwithstanding, growth in residential transactions in satellite towns such as Greater Noida and tier-II and tier-III cities show a different picture.
Chembur: MMR’s best foot forward
Oct 25, 2013
MUMBAI: Located between South Mumbai on one side and Navi Mumbai on the other, Chembur enjoys seamless connectivity in the form of the Eastern Freeway and Monorail towards the southern parts of the city
Rental Housing In Mumbai – Economics And Dynamics
Oct 24, 2013
MUMBAI:Over the decades, Mumbai has been and continues to be the destination of countless migrants from all parts of India. This steady influx of people has also been driving perhaps the highest demand for rental housing in Mumbai than in any other Indian city.
With 840 sq ft office space per person, Air India staff enjoy a palatial tower
Oct 24, 2013
DELHI: The 268 employees of Air India currently stationed in its 24-storey eponymous building at Nariman Point in Mumbai have a rare privilege no other office-goer in the area can think of.
Property owners oppose Greater Mumbai civic body’s tax formula
Oct 23, 2013
MUMBAI: Mumbai-based Property Owners Association is going to challenge the Municipal Corporation of Greater Mumbai’s recently revised basis and method of property tax computation
Mira-Bhayander stretch on a high, appreciation expected
Oct 23, 2013
MUMBAI: Prices of residential properties on the Mira-Bhayander stretch – the suburban location in Thane district, have doubled in the past three years on the back of growing connectivity and infrastructure and there is scope for further appreciation in the near future. The locality is administered by the Mira-Bhayander Municipal Corporation (MBMC). A 1,000-sq ft apartment in a multi-storeyed building is available in the range of Rs 75-80 lakhs at present.
Commercial office supply records a dip: CBRE
Oct 22, 2013
DELHI: Less than 3 million sq.ft of office space entered India’s prime real estate market in the quarter ending September 2013—dropping by more than 75% q-o-q over last quarter’s 10 million sq.ft of fresh office space supply; and by nearly 50% over the same period last year. Delayed deliveries from previous quarters, along with new projects coming on-stream, had led to an increase of upto 8% q-o-q and about 16% y-o-y in office supply addition in the previous April–June period; but the July–Septe
Poor quality retail space affecting retail real estate: Experts
Oct 22, 2013
MUMBAI: The poor quality of retail space, regulatory issues and subdued economic growth are holding back international retailers from expanding their presence in the country, say experts.
Indiareit's Khusru Jijina delivers on his mandate
Oct 21, 2013
MUMBAI: Khusru Jijina had to hit the ground running when around this time last year, Ajay Piramal cherry picked the old group loyalist to stabilise the operations at Indiareit Fund Advisors - the real estate venture capital fund of the diversified Piramal Enterprises that manages over a billion dollars of assets across a motley of eight domestic, offshore funds and third-party mandates.
Illegal to move into property without occupation certificate
Oct 21, 2013
MUMBAI: It is against the law to move into flats in buildings without the mandatory municipal occupation certificate (OC), the Bombay high court has ruled. A division bench of Justice S C Dharmadhikari and Justice Gautam Patel sought action against 49 flat owners as well as a nursing home in two wings of a building with six wings in Sion East.
Soon, hi-tech tests to spot unsafe buildings in Mumbai
Oct 21, 2013
MUMBAI: In a first, some of the city’s dilapidated structures like schools and hospitals will undergo ultrasonic pulse testing and 3D scanning to detect where structural flaws lie.

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