Latest Realty News

Home prices set to zoom as Delhi government hikes circle rates
Sep 23, 2014
Home prices in the capital are set to go up further with Delhi government today hiking the circle rates -- the minimum valuation at which properties have to be registered -- by up to 20 per cent
Lotus Greens to build 4 realty projects; eyes Rs 4,400cr sales
Sep 23, 2014
Real estate firm Lotus Greens Developers today said it will build four new projects in the national capital region with expected sales of Rs 4,400 crore over the next four years
More land grabbing cases under Odisha govt lens
Sep 22, 2014
The land grab at Ghangapatna, on the outskirts of the city, may not be an isolated case. The state government has started preliminary inquiry into suspected encroachment on government plots at nearby Malipada and Gothapatna villages
Homebuyers demand written promise of no extra charges
Sep 22, 2014
The Noida Extension Flat Owners Welfare Association (NEFOWA) has written to 26 builders seeking their response on possible extra payments at the time of handover of flats
'GDA notices no deterrent to illegal constructions'
Sep 22, 2014
Despite thousands of notices being issued by the Ghaziabad Development Authority to errant developers, illegal constructions continue to mushroom in various parts of Ghaziabad
South Delhi administration recovers land worth over Rs 100 crore
Sep 22, 2014
In a series of anti-encroachment drives carried out between August and September, the south Delhi administration has retrieved gram sabha land worth more than Rs 100 crore
Parsvnath sells 140 acres of land to Supertech for Rs 665 crore
Sep 21, 2014
Realty firm Parsvnath Developers has sold 140 acre land at Sohna, Gurgaon, to Supertech Ltd for Rs 665 crore as part of plans to divest non-core assets to cut debt and complete ongoing projects
Draft Proposal to Make Delhi Buildings 'Green'
Sep 18, 2014
The developers in the national capital will henceforth be required to ensure the setting up of ground water recharge system through rain water harvesting, recycling waste water, sewage treatment plant and solar heating systems in buildings constructed on plots measuring 3,000 sq m or more, according to the guidelines for ‘green’ buildings proposed in Master Plan of Delhi-2021
'Checks can't stop illegal construction'
Sep 18, 2014
Illegal constructions in the city can't be stopped by "inspector raj" even if the court provided 500 policemen to the corporations, South Delhi Municipal Corporation told the Delhi high court
Prohibited zones: Contempt notices to DCs for illegal construction
Sep 18, 2014
The Punjab and Haryana high court issued contempt notices to deputy commissioners (DCs) of Gurgaon and Faridabad and commissioners of the two municipal corporations for their failure to stop illegal construction in the prohibited zones around air force stations in the two cities
'Idco spent 20L to defend industrial plot worth 8L'
Sep 17, 2014
The state-owned Odisha Industrial Infrastructure Development Corporation (Idco) has spent over Rs 20 lakh towards legal expenses to defend its decision to allot a plot for Rs 8 lakh to a small-scale industry in Rourkela
2 Bills to check land grabbing in Odisha
Sep 17, 2014
The state government is working on two Bills to check land grabbing and encroachments in the state
Green houses may soon get incentives
Sep 17, 2014
Green buildings in Delhi can soon expect incentives for incorporating eco-friendly design features
Homebuyers in HC against gag order
Sep 17, 2014
Stung by angry Facebook posts by unhappy customers, a Delhi-based real estate company got an interim gag order from Delhi high court
DDA amends policy, installing lifts now easier
Sep 16, 2014
Installing lifts at DDA apartment blocks in the capital is set to become easier with the Authority scrapping a clause requiring an affidavit stating that no modifications have been made to the building's terrace
Flat buyers register complaint with minister
Sep 16, 2014
Representatives of NEFOWA (Noida Extension Flat Owners Welfare Association) met Uttar Pradesh urban development minister Azam Khan on Monday and presented him a list of complaints about upcoming real estate projects in Greater Noida and Noida
Triumph for Robert Vadra as Delhi HC rejects PIL for CBI probe into Gurgaon land deals
Sep 16, 2014
The Delhi High Court today dismissed a PIL seeking a court-monitored CBI probe into various land deals allegedly entered into by Robert Vadra's firms
Noida Extn homebuyers protest 'extra charges'
Sep 15, 2014
Hundreds of flat buyers in Gaur City and Gaur City One met under the banner of Noida Extension Flat Owners Welfare Association (NEFOWA) on Sunday to protest the "additional charges" being allegedly charged by the realtor at the time of handing over apartments
19 million sq ft realty space unsold
Sep 15, 2014
The real estate market in Gurgaon has unsold inventory of nearly 19 million square feet, 28% of the total area under development, due to slowdown in demand and a surge in supply, according to the ratings agency, ICRA
Builders to pay more for power infrastructure
Sep 15, 2014
Private builders and developers will now have to pay Rs 10-15 lakh more as bank guarantee for power infrastructure
Election impact may hold back Mumbai, Gurgaon realty
Sep 15, 2014
Maharashtra and Haryana, the two states headed for legislative Assembly elections on October 15, have another thing in common. They are among the most prominent property markets and together are estimated to constitute 30-40 per cent of the pan-India real estate universe
Chandigarh Municipal Corporation carries out anti-encroachment drive
Sep 15, 2014
Chandigarh Municipal Corporation carried-out a special anti-encroachment drive in all over the city. The authority challaned 216 violators for encroaching up on the MC and other government lands
PCMC razes just 1% of illegal buildings
Sep 15, 2014
The Pimpri Chinchwad Municipal Corporation (PCMC), which has pulled down 680 of 66,000 unauthorized constructions in the past two years, is yet to receive government response on regularization of illegal buildings
NRI investments in realty sector may rise 35% this yr: Survey
Sep 13, 2014
Property developers are expecting a 35 per cent surge in real estate enquiries from NRIs, with Bangalore turning out to be the hot favourite, says an Assocham survey
DLF fined for harassing hapless businessman
Sep 13, 2014
Abeyant construction, delayed possession, hollow promises and helpless buyers. These seem to have become a common trait in the real estate industry in the city

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