Latest Realty News

No-hike-in-circle-rates-for-flats-in-noida
Jul 21, 2015
NOIDA: There will be no increase in circle rates for flats in Noida and Greater Noida this year. The UP stamps and registration department on Monday announced fresh circle rates for Noida and Greater Noida, keeping in view the slump in the real estate sector. The new circles rates will come into effect from August 1.
Land-bill-not-to-affect-real-estate-developers:-CREDAI
Jul 17, 2015
COIMBATORE: The proposed Land Acquisition Bill would in no way impact the real estate sector in the country, CREDAI said today.
Credai-aims-at-new-synergy-between-government,-real-estate-players
Jul 17, 2015
COIMBATORE: Credai is aiming to establish a new synergy between real estate developers and government, while rallying its support to push for a single window clearance system, industry body's National President Gitambar Anand said today.
Floor-area-ratio-hiked-around-rapid-transit-systems-in-Delhi
Jul 14, 2015
NEW DELHI: Urban Development Ministry today almost doubled the floor area ratio for constructions around mass rapid transit systems like the Metro, albeit with some riders, to address the issues of traffic congestion and shortage of housing in Delhi.
Master-plan-for-15-cities-on-cards
Jul 13, 2015
PATNA: State urban development and housing department (UDHD) principal secretary Amrit Lal Meena on Saturday said the administrative system and people need to be smart to make a 'smart city' as only pumping resources will not make the city smart.
NCR-flat-buyers-to-launch-fresh-protest
Jul 13, 2015
NOIDA: Ten buyers associations from across NCR have now threatened to launch protests from July 19, stating they feel "used and disregarded by interest groups".
EPFO-plans-housing-scheme-for-members,-says-labour-minister-Bandaru-Dattatreya
Jul 11, 2015
NEW DELHI: Retirement fund body EPFO is considering a scheme for its subscribers so that they are able own a house by retirement, labour minister Bandaru Dattatreya said on Friday.
ICICI-Bank-gets-inquiries-for-its-housing-finance-company,-may-sell-soon
Jul 11, 2015
Country's largest private sector lender ICICI Bank on Friday said it has received enquiries from potential suitors for its housing finance arm, and is expected to soon take a call on it.
Financing-realtors-to-cut-housing-cost-Deepak-Parekh
Jun 27, 2015
MUMBAI:HDFC chairman Deepak Parekh has called for an end to the ban on loans for acquiring property for development. According to Parekh, easing finance to developers would help bring down cost of houses.
Pakistan-stumps-India;-rolls-out-South-Asia’s-1st-REIT-while-we-still-try-to-axe-the-tax-
Jun 26, 2015
MUMBAI: At a time Indian realtors and investors are struggling to roll out real estate investment trusts (REIT) amid regulatory complications and tax uncertainties, Pakistan has gone ahead to launch South Asia's first REIT at a premium of 10% to the offer price, earlier this month.
PM-Modi-launches-Smart-Cities-Mission,-says-government-committed-to-safeguarding-rights-of-consumers
Jun 25, 2015
Prime Minister Narendra Modi on Thursday launched three mega flagship schemes aimed at transforming urban India, including the much talked about Smart Cities proposal, with a whopping Rs 4 lakh crore kitty having been lined up for the projects.
‘Housing-for-All’-scheme-toothless-without-release-of-land:-JLL-India-
Jun 24, 2015
NEW DELHI: Unlocking of land for creating affordable housing, a fast-tracked approval process and financial empowerment of the low-income categories is essential for the success of Prime Minister Narendra Modi's favoured Housing for All scheme.
Narendra-Modi-to-address-municipal-heads-at-launch-of-Pradhan-Mantri-Awas-Yojana
Jun 20, 2015
New Delhi : Prime Minister Narendra Modi will address elected heads of 500 civic bodies from across the country here on June 25, when he will launch the three flagship schemes for urban revamp, including smart cities and housing for all.
Maharashtra-to-appoint-housing-regulatory-body-for-home-buyers
Jun 18, 2015
MUMBAI: The Maharashtra government will soon appoint a regulatory body to safeguard interests of home buyers after the Centre gave a go ahead to the state to frame rules to implement the Housing Regulatory Bill passed by the legislature and approved by the President.
Mumbai-continues-to-be-most-expensive-city-in-India:-Survey
Jun 17, 2015
Mumbai, the financial capital of the country, held its position as the most expensive city in India and is ranked above Dallas, Frankfurt and Vancouver, according to a recent survey.
'Housing-for-All’-mission:-New-slum-rehab-policy-to-take-tips-from-Gujarat,-Mumbai-models
Jun 12, 2015
NDA government’s proposed ‘Housing For All’ mission will pave way for private developers to leverage public land in order to redevelop slums in-situ. The proposed policy of using land as a resource will signal a major shift from the UPA government’s state-funded slum rehabilitation scheme Rajiv Awas Yojana.
Venkaiah-Naidu:-Land-bill-amendment-crucial-for-housing-sector-
Jun 12, 2015
The proposed amendment to the Land Acquisition Act is crucial for creating two crore affordable houses in urban areas by 2022 under the government’s new ‘Housing for All’ mission, Union Minister for Housing & Urban Poverty Alleviation M Venkaiah Naidu said.
Chinese-realty-major-looks-to-invest-US-$5-billion-in-India
Jun 11, 2015
China's realty major Dalian Wanda group is looking to invest at least US $5 billion in developing industrial townships in India and is in talks with firms like DLF for partnership.
Indian-Property-Show-Starts-in-Dubai
Jun 11, 2015
DUBAI: Properties by over 150 real estate developers from India will be presented at the Indian Property Show which will showcase over 17,000 potential investors in Dubai.
After-solar-panels,-CCTVs-must-in-new-housing-projects
Jun 10, 2015
Thane: While rainwater harvesting and solar panels is a must in all new housing projects in Thane, guardian minister Eknath Shinde has suggested to make CCTVs too compulsory to keep an eye on untoward activities and curb crime.
Amarprakash-Developers-Awarded-Asia’s-100-Best-Real-Estate-Projects
Jun 09, 2015
One of the best residential developers in Chennai, Amarprakash’s project Palm Riviera had been awarded as “Asia’s 100 Best real estate projects & properties 2015”.They were conferred the award at a grand function on 21 May, 2015 in Singapore .
Odisha-to-raise-Rs-1,000-cr-fund-for-construction-workers
Jun 08, 2015
The state government has decided to raise a corpus fund of Rs 1,000 crore to assist the workers engaged in building and construction sectors.The Odisha Building and Other Construction Workers Welfare Board has already raised Rs 750 crore through collection of cess from different government constructions.
Bombay-HC:-Seeking-assured-returns-under-FDI-in-real-estate-is-not-only-prohibited-but-also-inconsis...
Jun 08, 2015
MUMBAI: In a landmark order that would bring FDI in real estate projects under a legal scanner, the Bombay high court declined relief to IDBI Trusteeship Services in what it said was "clearly an attempt at seeking active court assistance to achieve what the law prohibits and that is clearly inconsistent with public interest." The law permits FDI investment in real estate development only in the form of equity and prohibits investment with assured returns, the court said.
Government-will-not-compromise-on-basic-purpose-of-Land-Acquisition-Act:-Venkaiah-Naidu
Jun 07, 2015
Mumbai: The government will not compromise on the basic purpose of the Land Acquisition Act, Union Minister Venkaiah Naidu on Saturday said amid mounting criticism from the Opposition as well as its ally Shiv Sena on the controversial amendments to the Land Bill.
Pension-Fund-Regulatory-and-Development-Authority-allows-pension-funds-to-invest-in-realty-sector-
Jun 07, 2015
NEW DELHI: The pensions regulator has opened the doors of long-term retirement funds to the real estate sector, allowing the pension funds to invest up to 5% of their corpus in regulated real estate investment trusts.

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