Latest Realty News

Bangalore tops in home price rise
Aug 21, 2014
For long, Mumbai and Delhi-NCR have always given property buyers the best capital value appreciation. After the downturn years, however, it's the IT-led cities of Bangalore and Pune that have surged ahead in capital appreciation in residential properties
Cost of houses pretty high, scope for reduction: RBI's S S Mundra
Aug 21, 2014
Residential property prices in India have a lot of scope for reduction as supplies are sufficient, a top RBI official said
Real estate developers offer discounts to push sales
Aug 20, 2014
Property discounts will get real this festival season, after a gap of about two years
Cities With Highest Property Prices: Mumbai Tops The List
Aug 18, 2014
With the rise in urbanization, many people in India now rush towards urban areas to settle down. And as such, property rates in major Indian cities are witnessing sharp rise between June 2012 and May 2014, according to data by real estate firm research firm PropEquity.
India real estate funds look to raise $1 bn from overseas
Jul 29, 2014
Indian real estate-focused private equity (PE) funds are hoping to raise around $1 billion from overseas investors, two people familiar with the matter said. Last year, realty funds managed to mop up close to $370 million from international markets, data from VCCEdge shows. Among the key realty funds that are in the market for money include Red Fort Capital, ASK Group, HDFC Property Fund and JP Morgan, these people said.
Investment-friendly budget to spur real estate growth (Comment: Special to IANS)
Jul 13, 2014
MUMBAI: The 2014-15 budget is both positive and promising that focuses on reviving the sentiment of property buyers and investors and promoting investment with a view to give fillip to construction and housing sector, a significant contributor to GDP.
Concrete step for housing projects in Delhi
Jul 12, 2014
DELHI: Housing and basic services for the economically weaker sections have got a fillip in this year’s Budget. Besides Rs 700 crore for water and power reforms, the city has received a grant of Rs 1,350 crore, of which Rs 700 crore is for development projects under the Jawaharlal Nehru National Urban Renewal Mission.
Focus now on ‘smart cities’, satellite towns of Mumbai
Jul 12, 2014
MUMBAI: Internal roads, street-lighting, water supply and sewage networks in Mumbai’s satellite towns like Kalyan-Dombivli, Bhiwandi-Ulhasnagar, Mira-Bhayander, Panvel, Ambernath, Kulgaon-Badlapur and Nallasopara may get better soon.
New laws to check fraudulent land deals in Karnataka
Jul 12, 2014
BANGALORE: Karnataka government will soon bring about a much-awaited reforms in revenue related issues mainly to check fraudulent land deals, illegal formation of layouts and corruption in sub-registrar offices.
Developers send wish list to finance ministry
Jul 10, 2014
DELHI: The real estate reeling under slump has sought relief from the finance and urban development ministry in the upcoming budget.
BBMP to start collecting development fee for ‘A’ khata
Jul 10, 2014
BANGALORE: Those seeking ‘A’ khatas for their properties in the city’s revenue pockets don’t have to wait any longer. The BBMP will commence collection of the development fee from now.
Campa residents see hope in SC’s remark
Jul 10, 2014
MUMBAI: The residents of Worli’s Campa Cola Compound believe that the Supreme Court’s latest observations have offered them a ray of hope. But legal experts are cautious in their opinion on whether this paves the way for regularization of the unauthorized floors of the compound’s buildings.
Rail Budget to push Mum-Ahd bullet train
Jul 10, 2014
MUMBAI: The first Mumbai-Ahmedabad high-speed train proposal may get a push in the new government’s maiden rail Budget considering PM Narendra Modi’s promise of a diamond quadrilateral of bullet trains to connect the four major cities of Mumbai, Delhi, Kolkata and Chennai.
SC: Deal with Campa Cola as per law
Jul 09, 2014
MUMBAI: The Supreme Court on July 7 did not agree with the BMC that residents of unauthorized flats in Worli’s Campa Cola Compound have committed contempt of court by not vacating their residential units in disregard of the SC’s February 27 judgment.
Future uncertain for 1 lakh Noida home buyers
Jul 09, 2014
DELHI: Okhla bird sanctuary was notified in 1990. Builders got land and sanctions post-2006. People bought flats, investing their life’s savings, only to realize at the last minute that the projects in Noida won’t get a completion certificate because of a recent NGT ruling marking as eco-sensitive the area around a 10-km radius of the sanctuary. The ball is now in the court of the UP govt and the MoEF. As buyers fret, TOI traces the genesis of the crisis that has affected thousands of people.
26 builders qualify for nine Gr Noida housing plots
Jul 09, 2014
DELHI: In a boost to the finances of the Greater Noida Industrial Development Authority (GNIDA), 26 builders on July 7 qualified in the financial bids for 9 of the 11 group housing plots on offer in Greater Noida. The bids made the authority richer by over Rs 61 crore. Bids of two developers were rejected after scrutiny of their technical papers, said GNIDA officials.
UK push for a carbon-resilient Kolkata
Jul 09, 2014
KOLKATA: The spurt in construction of buildings in Kolkata is a timely opportunity to start the transformation of the city’s economy from a high carbon path to a sustainable low carbon one, feels British junior minister (energy and climate change) Sandeep Verma.
Expectations of realty sector from Budget 2014
Jul 09, 2014
DELHI: The change in the political landscape and resurgent optimism in the Indian economy have created widespread expectations from the forthcoming Indian Budget 2014.
Budget 2014: Suggested amendments for real estate
Jul 07, 2014
DELHI: The real estate sector happens to be one of the very important sectors for the overall growth of the economy. Since the new government, led by Prime Minister Narendra Modi, has taken a pragmatic view of providing housing to all by 2020, it becomes very important that certain amendments are made in the law for the real estate sector.
Gurgaon builder sells off project land, investors cry foul
Jul 07, 2014
DELHI: More than 400 investors from Delhi and NCR, who had booked flats in a Gurgaon housing project and deposited 25% of the cost upfront, are demanding investigation into what they call a multi-crore fraud because the developer had allegedly sold off the project land.
Mumbai: Residential demand increases in eastern suburb
Jul 07, 2014
MUMBAI: The hitherto low-profile eastern suburb of Mumbai, starting from Kurla to Thane on the Lal Bahadur Shastri Marg, is fast becoming the next commercial hub of the city with tiny office complexes and new-age retail destinations, giving tough competition to its southern and western counterparts such as Nariman Point, Worli-Lower Parel and Bandra-Kurla Complex, among others.
Delhi tops nation in property frauds
Jul 07, 2014
DELHI: The capital tops the list in terms of cases related to property fraud and misappropriation among all states and union territories in the country, according to the National Crime Records Bureau (NCRB).
ED looks out for Saradha Group property in Odisha
Jul 07, 2014
BHUBANESWAR: A day after bringing Saradha scam alleged mastermind Sudipta Sen to the city for interrogation, the Enforcement Directorate (ED) on Friday started efforts to locate assets either purchased or sold by Sen in Odisha.
Infrastructure growth driving Mumbai’s realty
Jun 15, 2014
MUMBAI: Infrastructure is one of the deciding elements for finalising a property. A location that has good infrastructure development, commands high property rates and has good growth prospects and vice-versa. Shailesh Puranik, managing director, Puranik Builders, explains that “Buyers generally look out for basic infrastructure such as good and widened roads, easy connectivity to railway stations, airports, arterial roads, adequate supply of water and electricity, enough open spaces, and others
Not a single Campa Compound resident returns keys
Jun 15, 2014
MUMBAI: The deadline for vacating illegal flats in Worli’s Campa Cola compound lapsed at 5pm, June 12, but not a single resident submitted keys to their ward office, as asked by the BMC. The civic body now plans to enter the premises on June 17 to cut electricity, water and gas connections, following which it will start demolishing the internal walls of the flats to make them uninhabitable.

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