Latest Realty News

Aug 20, 2016
NEW DELHI: The government is willing to provide more incentives for the well-being of the real estate and construction sectors but it has to become more proactive and sensitive towards constructing low-cost housing with high quality for intended beneficiaries, said Ravi Shankar Prasad, minister of Law & Justice, Electronics & Information Technology.
Aug 04, 2016
New Delhi: Implementation of the Goods and Services Tax (GST) law will have a positive impact on the real estate sector with expected reduction in its tax burden, according to property developers and consultants.
Jun 30, 2016
New Delhi: Real estate industry bodies on Wednesday said housing sales are expected to improve following implementation of Seventh Pay Commission recommendations as prices have fallen in last few years because of a slowdown in the property market.
Mar 01, 2016
NEW DELHI: Budget proposals as positive for the real estate sector, industry players said that tax sops for first home buyers and incentives on development of affordable housing projects will help revive demand in the sluggish property market.
Feb 05, 2016
The drastic reduction of base floor area ratio (FAR) to 1.2 from earlier 1.5 to 2.75 in the newly notified Odisha Transferable Development Right Rules, 2015 is likely to soar up real estate property rates by 30-35 per cent in Odisha, realtors says.They have red flagged the reduction of FAR , the ratio obtained by dividing total covered area on all floors by the area of the plot, in the rules.
Jan 16, 2016
MUMBAI: Sunil Mantri, chairman & managing director of realty development company Mantri Realty, resigned as Chairman of industry body NAREDCO in October.
Sep 09, 2015
The National Green Tribunal on Tuesday made it mandatory for developers to get environmental clearance for projects above 20,000 sq m.
Aug 04, 2015
Real estate industry on Tuesday expressed disappointment over RBI's decision to keep the key interest rates unchanged, saying rate cuts were required to boost manufacturing and property sectors.
Jun 02, 2015
MUMBAI: The Royal Institution of Chartered Surveyors (RICS) has joined hands with real estate industry body Naredco to promote internationally recognised standards, regulations and professionalism in the Indian realty sector.
May 23, 2015
NEW DELHI: Real estate developers said the increase in service tax rate to 14 per cent from 12.36 per cent being enforced from June 1 does not bode well for the industry
May 19, 2015
Mumbai: Under the leadership of Shri Sunil Mantri, President, NAREDCO, a delegation of few key members met with Hon’ble Finance Minister Shri Arun Jaitley
Apr 28, 2015
MUMBAI: Taking a cue from Prime Minister Narendra Modi's plan to improve the conditions for doing business in India, the Municipal Corporation of Greater Mumbai (MCGM) has simplified certain approval procedures
Apr 22, 2015
MUMBAI: Maharashtra Government will do the necessary amendments in the law to facilitate execution of affordable housing for the millions of people across the State
Feb 25, 2015
MUMBAI: The State of Maharashtra would require a minimum of about 50 lakh new housing units by 2022 to meet urbanisation
Feb 24, 2015
Real Estate Sector has all hope for a reformist and bold budget this time along with expectations for a slash in Repo rate from RBI, says Mr Rohtas Goel, CMD of Omaxe Ltd
Feb 07, 2015
NEW DELHI: Realtors' body NAREDCO said that, hike in annual overseas investment ceilings for individuals to $ 2,50,000, could have an adverse impact on domestic real estate industry
Jan 29, 2015
NEW DELHI: Industry body National Real Estate Development Council (NAREDCO) has sought reintroduction of tax benefits for the housing sector to boost demand
Realty sector welcomes amendments to Land Acquisition Act
Dec 30, 2014
New Delhi: The decision by the Union Cabinet to take the ordinance route to bring amendments to the Land Acquisition Act has been welcomed by the Indian real estate sector
Premium paid by developers in Affordable Housing category should be brought down: Mr Sunil Mantri
Dec 25, 2014
Mumbai: Union Government should reduce the premium paid by developers in case of affordable housing, to address the urgency in meeting the shortfall in the Category, besides, thrust on PPP projects
Chief minister Devendra Fadnavis: 1-week deadline for clearing housing projects
Dec 24, 2014
Mumbai: Chief minister Devendra Fadnavis recently decided that the state government and its authorised agencies will give approvals for residential projects within seven days
Haryana Urban Development Authority houses 60% cheaper than DDA’s: Experts
Nov 12, 2014
NEW DELHI: Even as more than 10 lakh applicants continue to wait for the lucky draw results for 25,000 housing units Delhi Development Authority (DDA) housing scheme, real estate experts feel there is no need for despair for those who miss the opportunity
FDI in real estate may double after easing of rules: NAREDCO
Oct 31, 2014
NEW DELHI: Foreign direct investment (FDI) in the real estate sector could jump over two-fold in the next one year
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.

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