Latest Realty News

World's ultra-rich hold a fifth of their wealth in real estate
Jan 16, 2014
DELHI: The world's super rich people hold a fifth of their wealth in property, estimated at USD 5,328 billion, while Asia's ultra rich have a greater share in real estate, a report says.
World's ultra rich hold a fifth of their wealth in real estate
Jan 16, 2014
DELHI: The world's super rich people hold a fifth of their wealth in property, estimated at USD 5,328 billion, while Asia's ultra rich have a greater share in real estate, a report says.
ASK Group set to raise $200 million offshore real estate fund
Jan 15, 2014
DELHI: ASK Group, a diversified financial services group, today announced the first close of $50 million of their $200 million offshore real estate focused fund.
Ten stocks that can return upto 50% in 2014
Jan 14, 2014
DELHI: The S&P BSE Sensex managed to bounce back on Monday even though the macro triggers remain muted with IIP data reflecting the underlying weakening production trend in the manufacturing sector. Today, the index is witnessing dull trade.
EPFO may provide housing to subscribers on additional payment of 10 pct
Jan 14, 2014
DELHI: Besides managing retirement funds, EPFO may come out with a scheme to provide housing to its over 5 crore subscribers on additional contribution of 10 per cent by them from their basic wages every month.
Extend date for payment, say allottees
Jan 14, 2014
DELHI: Fed up with the quality of construction at Ganga Complex in Vasant Kunj, scores of residents are writing to DDA saying it shouldn't expect money for the flats it hasn't provided. DDA developed the flats for their last housing scheme in 2010. In December it had announced that the flats were ready and had asked for the full payment in the demand letter. After getting the letters, several allottees had been visiting the site and were upset with the state of affairs.
News of LG Najeeb Jung visit moves DDA in Vasant Kunj
Jan 14, 2014
DELHI: Flat owners in Vasant Kunj and Mukherjee Nagar were amazed as DDA officials took charge and finished work that hadn't moved in six months.
DDA forms cell for land pooling
Jan 14, 2014
DELHI: The city has got a cell to implement and monitor the land pooling policy. The decision was taken at the DDA's board meeting on Friday. In addition, the Delhi government has been given 60 flats in CWG Village, a cause of friction with the land-owning agency last year. Addressing another major concern, the conversion of property from leasehold to freehold-the LG asked Delhi Development Authority to prepare a timeline for all the departments concerned so that delays and any irregularity can
DIPP may seek cabinet nod for Amritsar-Kolkata corridor
Jan 14, 2014
DELHI: The government plans to revive an industrial infrastructure programme that's aimed at creating jobs and giving manufacturing a push besides having the added advantage of being concentrated in some of India's more politically crucial states, months ahead of a general election.
Rod Hunter: Why India needs to take intellectual property seriously
Jan 13, 2014
DELHI: Dr Reddy's Laboratories' chairman, G V Prasad, called for the Indian pharmaceutical industry to move up the value chain from generics through investing in research and innovation, reported the Business Standard last week. Mr Prasad's aspirational call to action is, however, a sad reminder of how the government's policies create a hostile environment for investment and hobble Indian creativity. A salient example of these counterproductive policies are the attacks on some 15 medicine patent
Kept out of free water scheme, housing societies cry foul
Jan 13, 2014
DELHI: THE Aam Aadmi Party (AAP) may have fulfilled its poll promises on free water and cheaper power, but scores of households which have not been extended the benefits, especially group housing societies, have accused the government of “step-motherly” treatment.
FIIs pour in over Rs 3,500 crore in debt market
Jan 12, 2014
DELHI: Overseas investors have pumped in over Rs 3,500 in the Indian debt market so far in January, when the US Federal Reserve is scheduled to start reducing its monthly bond purchases by $10 billion.
Ensure quality construction of DDA flats: Lt Governor Najeeb Jung
Jan 11, 2014
DELHI: Lt Governor Najeeb Jung has directed the Delhi Development Authority officials to pay special attention on the quality of DDA flats so that there are no complaints from consumer.
CCI rejects abuse of dominance complaint against Akshaya
Jan 11, 2014
DELHI: The Competition Commission has dismissed allegations of abuse of dominant market position against real estate developer Akshaya Private Ltd with respect to residential markets in Tamil Nadu.
Panel for expansion of registration requirement of CERSAI
Jan 10, 2014
DELHI: A working group appointed by Central Registry, CERSAI, has advocated for expanding scope of registration to movable assets including jewellery as well.
Office leasing activity in Delhi-NCR picked up pace in October-December 2013: CBRE
Jan 09, 2014
DELHI: Absorption of prime office space in the National Capital Region (NCR) grew around 14% in the October-December 2013 quarter compared to the previous quarter, touching 1.7 million sq ft, according to property consultancy CBRE. The previous quarter saw a total leasing of 1.5 million sq ft.
Bharat Hospitality launches five star hotel Lalit in Chandigarh
Jan 09, 2014
DELHI: Bharat Hospitality group that owns the Lalit hotel chain has opened its doors in Chandigarh. The Lalit Chandigarh, a five star property with 179 keys was set up with an investment of Rs. 400 crore. The property is spread across four acres in Chandigarh's Rajiv Gandhi IT Park.
Haryana opens commercial zones for housing
Jan 09, 2014
GURGAON: In A move that is likely to impact construction in urban areas, particularly the NCR, the Haryana government has decided to grant mixed land use licences in commercial zones. The move will now allow developers to build residential properties in commercial complexes.
Housing projects allowed in Gurgaon’s commercial zones
Jan 09, 2014
DELHI: In what will give a boost to construction activity in NCR, particularly Gurgaon, the Haryana government has decided to allow mixed land use in commercial zones notified in the master plan. The government’s move will allow realtors to build residential properties in commercial complexes.
Brigade Group buys 2.25 acre plot in Bangalore for Rs 69 crore
Jan 08, 2014
DELHI: Realty firm Brigade Enterprises has bought 2.25 acres of land in Bangalore from Hindustan Coca-Cola Beverages for almost Rs 69 crore.
LARR Act: NAREDCO suggests amendments
Jan 08, 2014
DELHI: The intent of the Act seems to set standard norms for the transfer of land in order to free such deals of any dispute and thereby facilitate land transfers. However, the terms laid out within the Act are impractical and bound to result in avoidable delays and exponential cost increases, which defeat the very purpose of the Act.
ANMI Convention on sustaining growth in turbulence
Jan 07, 2014
DELHI:Focusing on the twin issues of domestic investors’ role and challenges for regulators, the Association of National Exchange Members of India (ANMI) will hold its 7th annual international convention on January 10 and 11, 2014 in the capital with the theme being “Sustaining investment growth in turbulent economic scenario”.
Sobha Developers' Q3 sales bookings fall by 6 pc to Rs 502 crore
Jan 05, 2014
DELHI: Realty firm Sobha Developers' sales bookings fell by 6 per cent in the third quarter ended December 2013 to Rs 502.3 crore due to lower sales volumes because of a slowdown in the real estate market.
CCI rules out abuse of dominant position by two realty firms, SG Estates Ltd and SKI View Hotel
Jan 04, 2014
DELHI: Fair trade regulator CCI has dismissed the allegations of abuse of dominant position against two realty companies -- SG Estates Ltd and SKI View Hotel -- with respect to development of a commercial real estate project in Vasundhara in Ghaziabad region.
Rented accommodation – a ray of hope in unaffordable scenario
Jan 04, 2014
DELHI: Affordability is the need of the hour. However, with an increase in the cost of material and high land prices, many developers have already voiced their concern over offering affordable homes. Thus, going ahead, the real estate scenario may best be described in one word – ‘unaffordable’. This is applicable for commercial as well as residential properties. This scenario is giving a push to rental markets in the country and opening up broad vistas for people who cannot afford to buy their o

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