Latest Realty News

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.
Jun 10, 2015
In a setback to Maran brothers, the Madras High Court on Wednesday dismissed petitions filed by Kalanithi Maran owned Sun TV and Kal Communications challenging the attachment of their properties by Enforcement Directorate in connection with money laundering probe in Aircel-Maxis deal.
Jun 10, 2015
MUMBAI: Larsen & Toubro, India's largest engineering and construction company, has formed a new unit to cater to smart cities, security solutions and communication projects, expecting the business to grow to $1 billion in three to four years, driven by the government's push in these areas.
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 .
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.
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.
Jun 08, 2015
As Telangana reached its one-year milestone, the real estate sector in Hyderabad appears to have given up hopes of a quick recovery of fortunes and instead remains content with slow and incremental growth.
Jun 07, 2015
Kolkata: Congress vice president Rahul Gandhi on Saturday reached out to home buyers here to discuss concerns about the Real Estate Regulation Authority Bill which he says has "loopholes".
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.
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.
Jun 06, 2015
In a bid to arrest hoarding of residential flats by developers and increase supply across the country, the income-tax department has decided to tax realtors on estimated annual rentals. The tax could be anywhere between 15% and 20%. The move is as per the central action plan for 2015-16, under which the I-T department can levy tax on any unsold flat by treating it as 'income from house property' under Section 43-CA of the I-T Act, 1961.
Jun 06, 2015
State Bank of India’s (SBI) efforts to track down properties owned by Vijay Mallya through a detective agency yielded no results. Sources said the detectives were unable to trace property registered in Mallya’s name.
Jun 05, 2015
New Delhi: Property prices in Mumbai are expected to see an appreciation of 6% in 2015, according to property advisory firm JLL India.
Jun 05, 2015
BENGALURU: Finally, a tender to start the process of implementing a project that claims to guarantee property owners with one common card/certificate authenticating their ownership is ready to be floated.
Jun 05, 2015
Country’s largest lender State Bank of India on Friday said it will be selling its distressed assets through an online auction on June 12.
Jun 05, 2015
The IT and ITeS companies’ capacity expansion plans, the country’s office space market seems to be regaining lost steam. With a major chunk of total absorption of Grade A office space being notched up by the technology sector, in the January-March quarter, commercial realty market is getting ready to make the most of it.
Jun 04, 2015
NEW DELHI: Housing sales have started showing signs of improvement but full recovery is expected only in the next financial year, realtors' apex body CREDAI said today.
Jun 04, 2015
Mumbai: Suspecting massive capital tax evasions in property deals, the income-tax department in Maharashtra has sought the list of all high-value property deals in the state during last four years starting 2011-12.
Jun 03, 2015
NEW DELHI: The Reserve Bank's decision to cut key interest rates is likely to reduce borrowing cost for both home buyers as well as developers leading to increase in housing demand, realty firms and consultants said today.
Jun 02, 2015
MUMBAI: The Royal Institution of Chartered Surveyors (RICS) has joined hands with real estate industry body Naredco to promote internationally recognised standards, regulations and professionalism in the Indian realty sector.
Jun 02, 2015
MUMBAI: The Reserve Bank Of India (RBI) cut interest rates for a third time this year on Tuesday, taking advantage of subdued inflation to give more support to an economy that many economists doubt is doing as well as latest impressive growth numbers suggest.
Jun 01, 2015
Ahmedabad: The Gujarat government is all set to announce a 'redevelopment policy' to initiate building of affordable houses in place of old colonies, a senior official said in Ahmedabad on Monday.
Jun 01, 2015
NEW DELHI: A proposed high-end luxury residential project on a five-acre land in prime area of south Delhi is under lens of the Delhi high court over the issue of possession rights.
Jun 01, 2015
DUBAI: An Abu Dhabi-based real estate company has formed a strategic partnership with an Indian construction firm to establish 'Smart City' projects in India.
Jun 01, 2015
VIJAYAWADA: Union Minister Venkaiah Naidu on Sunday said that the government is in the process of finalising schemes to develop 500 smart cities and towns by implementing comprehensive development plans.

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