Latest Realty News

Developers pushed for tourism in Aravalis
Mar 14, 2014
DELHI: The minutes of an NCR Planning Board committee meeting to consider changes in the regional plan reveal how hard Haryana pushed for opening up the state’s fragile conservation zones, such as the Aravalis, for tourism.
SC body for probe into Kulwant's land deals
Mar 12, 2014
CHANDIGARH: National Scheduled Castes Alliance (NSCA) president Paramjit Saingh Kainth on Tuesday demanded a commission of inquiry to probe the alleged nexus between politicians and real estate entrepreneurs in Punjab, especially to probe the growth of realtor Kulwant Singh as a candidate of the ruling Shiromani Akali Dal (SAD) in the Lok Sabha elections.
Top global investor CPPIB to set up team in India
Mar 10, 2014
MUMBAI: Canadian Pension Plan Investment Board (CPPIB), among the largest long-term public and private equity investors managing $200 billion in assets, is set to appoint an India team with a new office in Mumbai later this year.
Mumbai airport plans Rs 1,600-crore upgrade
Mar 10, 2014
MUMBAI: A metro link improving access to the terminals, expansion of the new T2 terminal, a new taxiway and a tunnel under the runway for airside (the area within an airport’s passport, Customs control and security checks) vehicular movement are being planned in the second phase of the modernisation of the airport here.
Slum rehab key to saving Dahisar mangroves
Feb 27, 2014
MUMBAI: Dahisar, the last suburb within Mumbai limits on the western track, primarily needs a comprehensive slum rehabilitation plan to protect its mangroves, free public space and allow affordable housing.
Wardhane cites need to revise city's DP
Feb 27, 2014
NAGPUR: In what can be termed as a big step towards proper planning of the city, municipal commissioner Shyam Wardhane has announced the need to change the city's development plan (DP). The civic chief also proposed a separate cell of structural engineers to examine old buildings and bridges in the city to prevent untoward incidents.
NCR Planning Board meet called over Haryana plan
Feb 27, 2014
DELHI: The NCR Planning Board will meet on March 6 to discuss, among other things, an approval of Haryana’s crucial sub-regional plan.
However, realtors still seen tapping customers
Feb 25, 2014
DELHI: Most developers and consultants have put in an “uncertain” clause in their annual planning for real estate projects, and have decided to fine tune schemes only after election results in June. But even as upcoming elections have slowed down real estate launches and announcement of new projects in the country, developers and brokers are using this time not just to clear inventory but also to tap customers in a slow market.
Uproar over property tax hike plan
Feb 24, 2014
AURANGABAD: The civic body's proposal to hike property tax by 21.5% might run into rough weather with many corporators gearing up to oppose the plan at Monday's standing committee meeting.
CM sets roads rolling to nowhere
Feb 17, 2014
BANGALORE: CM Siddaramaiah's allocation for Bangalore's roads - a surprising Rs 8,800 crore - is enough to beat Singapore's smooth network. The funds are earmarked for roads and related infrastructure, including road widening, elevated corridors, grade separators etc. But look close, and there's nothing concrete about the plans.
Piramal, Canada pension fund set up $500-m realty venture
Feb 14, 2014
MUMBAI: Piramal Enterprises and Canada Pension Plan Investment Board (CPPIB) have jointly set up a $500-million fund to finance residential property projects in India.
Protests Mounting against Land Acquisition Move
Feb 06, 2014
KERALA: When a few applicants, including local residents and building designers, from Chanthavila and Kattayikonam divisions visited the Kazhakkoottam zonal office and City Corporation office for a building permit last year, they were in for a shock as their applications were rejected.
Rent in Bhubaneswar nosedives as demand hits low
Feb 05, 2014
BHUBANESWAR: The rental market in the city has hit a downward spiral. Houses in several localities in the state capital are now available at rents lower compared to that in even district towns.
‘e-Town Planning’ launched in Hyderabad
Feb 04, 2014
HYDERABAD: Greater Hyderabad mayor Mohammed Majid Hussain on February 1 launched ‘e-Town Planning’, a provision for filing building permission applications online.
CBRE: India beats China as ‘top choice’ for corporate expansion plans
Jan 30, 2014
AHMEDABAD: Corporate decision-makers are responding to signs of economic improvement across Europe, shifting the focus away from pure cost management to future growth opportunities, with an increased appetite for global expansion into Indian markets.
BMC’s preparatory report for ‘Development Plan’ made public
Jan 29, 2014
MUMBAI: The Municipal Corporation has undertaken the work of revision of the ‘Development Plan’ for Greater Mumbai for the 2014-2034 period (20 years). The work of revision of the ‘Development Plan’ is being carried out by municipal engineers, urban planning consultants and M/s Groupe SCE(I) Ltd. As a part of this exercise, the work of Existing Land Use survey (ELU) was completed in the year 2012 and the same was also thrown open to the public for comments till March 30, 2013. The comments recei
‘Provide infra support for unorganised sector workers’
Jan 23, 2014
MUMBAI: More infrastructure to support workers in unorganised sectors in Mumbai was one of the prime demands made at the BMC’s public consultative workshop on the “informal sector”, held on Wednesday for the Mumbai Development Plan (DP) 2014-2034.
NCR board allows tourism in eco zones
Jan 21, 2014
DELHI: In what is being described by activists as an environmental disaster, the NCR Planning Board on Monday cleared crucial provisions to allow tourism in natural conservation zone (NCZ) such as Aravalis, Yamuna riverbed and areas around major water bodies, albeit setting a cap on the area that can be used for tourism. Activists say that this is the thin end of the wedge as, once allowed, there will never be a proper mechanism to measure that the cap is really being observed.
Tata Housing plans to launch villas priced at Rs 130-170 cr in Delhi
Jan 19, 2014
DELHI: Realty major Tata Housing plans to develop a super luxury residential project in the heart of national capital comprising 4-5 expensive villas in a price range of Rs 130-170 crore each.
Unitech in talks to sell two hotels in NCR for about Rs 600 crore
Jan 16, 2014
DELHI: Realty major Unitech plans to sell its two hotels in Noida and Gurgaon for an estimated Rs 600 crore as part of the strategy to divest commercial properties.
‘Include slum population in DP’
Jan 14, 2014
MUMBAI: More than a dozen social welfare groups and slum representatives demanded a more inclusive process for slums in the city’s Development Plan (DP) in a public meeting with BMC Saturday.
Chief minister's inaction delaying development works in Pune, says Ajit Pawar
Jan 14, 2014
MUMBAI/PUNE: A week after the cabinet meeting, when chief minister Prithviraj Chavan cleared crucial proposals to pacify deputy chief minister Ajit Pawar, it appears that the NCP top leadership was still unhappy with the style of functioning of the CM.
'Bhubaneswar needs to plan future'
Jan 13, 2014
BHUBANESWAR: The newly-elected body of Bhubaneswar Municipal Corporation (BMC) will face new challenges and get facilities, associated with a million-plus city, as the population in state capital would cross 10 lakh in next few years. The civic body must carefully make plans and revise regulations, keeping these in mind, feel stakeholders.
Mushrooming commercial establishments create problems in Nagpur
Jan 08, 2014
NAGPUR: After hospitals, mushrooming play schools, coaching classes and offices have turned many residential areas in the city into a nightmare. The establishments block roads and footpaths with vehicles belonging to their students, staff, or parents coming to drop and pick up children. These activities not only violate building norms but are also a danger to children and students as they lack elementary fire safety equipment.
Mixed land-use policy for Noida
Dec 28, 2013
DELHI: Noida Authority has approved mixed land-use policy in Noida Master Plan-2021, which will allow offices, retail shops, eateries, and entertainment outlets in specific areas in industrial and institutional sectors.

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