Latest Realty News

PM's plan for 100 smart cities: Government set to ease norms for FDI in construction
Sep 23, 2014
The Narendra Modi government is set to substantially ease norms for foreign investment in the construction sector, hoping to drum up interest in the prime minister's plans for 100 smart cities as well his affordable housing initiative
'Smart Cities' to be Identified Before Budget: Venkaiah Naidu
Sep 22, 2014
The Centre will start identifying urban areas which can be transformed into "smart cities", before the Budget, Union Urban Development Minister Venkaiah Naidu said
Flexible PPP pact to woo industry for smart city
Sep 18, 2014
The Narendra Modi government is working on a “flexible” PPP (public-private partnership) model and efficient urban mobility schemes such as metro and monorail as the primary peg to realise its ambitious project to develop 100 smart cities
FDI in construction likely to be eased before PM Narendra Modi's US visit
Sep 18, 2014
Ahead of Prime Minister Narendra Modi’s visit to the United States next week, the government is expected to ease norms for foreign direct investment in the construction sector
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
Activists protest against move to amend land acquisition act
Sep 16, 2014
Union minister Nitin Gadkari said on Monday that the Narendra Modi government was weighing amendments in the land acquisition act to speed up development projects
Thumbs up to Tata township
Sep 11, 2014
Stakeholders of Jamshedpur today chose industrial township status with Tata Steel as civic guardian over the alternative of Jharkhand taking over the city under a municipality
Demolish unauthorized structures by September 12: Government
Sep 09, 2014
The state government has asked officials in Puri to demolish structures constructed in violation of coastal regulation zone (CRZ) norms
Building, layout permissions to be given online
Sep 08, 2014
Permissions for construction of buildings and layouts would be given online in Andhra Pradesh, Municipal Administration Minister P.Narayana announced
Draft Patna Master Plan Lacks Teeth: Narendra Kumar
Sep 08, 2014
Patna: Bihar’s real estate sector is plagued by many loopholes. Absence of clear-cut EWS housing policy with lack of visibility from the government’s end to provide affordable housing mars the already beleaguered sector in the state. Even the Draft Master Plan got recently released is not up-to-mark, says Narendra Kumar, President, CREDAI-Patna.
Patna Municipal Corporation orders demolition of illegal parts of 3 buildings
Sep 05, 2014
The Patna Municipal Corporation (PMC) has decided to demolish illegal parts of three buildings within a month. PMC commissioner Kuldip Narayan pronounced the order on Thursday after hearing vigilance cases against illegal highrise buildings in the city
Narayana Murthy invests in realty, Azim Premji to follow suit
Sep 04, 2014
Property has always been a major investment avenue of the rich. Now, some of the people one would expect to focus on enterprising ventures are also looking at rent-yielding property
BDA talks transparency; Move follows plot bungle
Sep 02, 2014
The development authority will put documents related to allotment of plots and houses on its website, having burnt its fingers in the discretionary quota issue
BDA goes austere
Aug 30, 2014
Authorities of the development authority, which has been stung by a series of controversies over allotment of land and plots in the city will celebrate the annual day of the organisation on September 1 in an austere manner
Modi’s mantra of hope for Indian realty
May 27, 2014
DELHI: For the common man of India, the dream to own a house will soon turn into reality with the Narendra Modi-led NDA government taking charge. Issues such as affordability of real estate, delayed construction projects, delays due to litigations surrounding real estate projects, etc. impacted developers as well as consumers.
NAREDCO’s Real Estate Management course concludes
May 06, 2014
MUMBAI: With 34 Certificate Courses already under its belt, NAREDCO organized the 35th Course, jointly once again with its technical partner HSMI, from 25th February to 14th March 2014 at HSMI, New Delhi. The course was flagged off by Brig (Retd) R R Singh, director general, NAREDCO in the presence of A N Krishnamurthy, executive director (Trg), HSMI at the Inaugural Session on 25th February. It was coordinated by Shri S C Rastogi, Dy DG, NAREDCO and Atul Shrivastav and Jeevan Sahota, both F
Dubai property show to have large Indian participation
Apr 07, 2014
DELHI: International Property Show (IPS) beginning here this week will have a large Indian participation under the umbrella of the National Real Estate Development Council (NAREDCO), a leading real estate body in India.
Noida-based realtors demand for Environment Impact Assessment
Feb 22, 2014
DELHI: To meet the deadline of both residential and commercial projects and bring the prices down by at least 10 per cent, the Noida-based realtors have demanded for Environment Impact Assessment (EIA), a norm for provide auto environmental clearance to all types of real estate projects in India.
Redevelopment is the future of Mumbai’s realty skyline
Feb 19, 2014
MUMBAI: Five years ago, the redevelopment of Mumbai was on the priority list of government policies. After all, cities remain vibrant if people inhabiting them are enthusiastic about living in those cities. You cannot expect people to exude zest when most buildings in the city are crumbling. The other problem the city faces is that there is no fresh land for development. Hence, the state government is now focused on redeveloping the existing old buildings. However, for one reason or the other, t
Nariman Point RR rates beat market
Jan 21, 2014
MUMBAI: The new stamp duty ready reckoner rates for Nariman Point have been fixed at Rs 43,000 a sq ft when the prevailing market rate ranges between Rs 26,000 and Rs 30,000 a sq ft.
The biggest real estate exposition to augment double-digit growth announces
Dec 02, 2013
The Confederation of Real Estate Developers’ Associations of India (CREDAI) as an apex body today organized its regional Patna chapter at Hotel Windsor, Patna. Mr. Narendra Kumar, President, CREDAI Patna & Director, Kumar Buildcon and Dr. Anil Kumar Sharma, President, CREDAI NCR & CMD Amrapali group discussed about the CREDAI conclave 2013.
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.
Real estate emerges as new investment destination for banks
Oct 24, 2013
DELHI: Real estate has emerged as a hot investment destination with banks, as projects in other sectors of the economy have faltered, prompting banks to rush to fund commercial realty despite slow demand and inventory pileup.
Canara Bank launches two new housing schemes for NRIs, HNIs
Sep 24, 2013
DELHI: State-owned Canara BankBSE 0.47 % today launched two new housing schemes for Non-Resident Indians (NRIs) and High Networth Individuals (HNIs), in a bid to cash in on the festive fervour.
Mixed views on linking home loans to stage of construction
Sep 05, 2013
MUMBAI: The Reserve Bank's decision to link disbursal of home loans with stages of construction has received a mixed reaction from the industry, as some believe the move will streamline the sector while others worry it will impact delivery of projects.

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