Latest Realty News

Complaint-Against-DLF-Rejected-by-Fair-Trade-Regulator
Jan 07, 2016
New Delhi: The Competition Commission of India (CCI) on Wednesday rejected a complaint of anti-competitive practices made against realty major DLF relating to a project in Gurgaon, Haryana.
Delhi-NCR-New-Home-Launches-Down-14%-in-2015:-Property-Consultant
Jan 06, 2016
New Delhi: Launches of new homes fell 14 per cent in the Delhi-NCR market last year to nearly 23,000 units due to a slowdown in demand, according to a report by Cushman & Wakefield.
Housing-Project-Launch-Prices-Drop-up-to-20%-in-3-Metro-Cities:-Report
Jan 05, 2016
Mumbai: Developers in certain micro markets of metros like Delhi-NCR, Mumbai and Bengaluru witnessed a drop of 4-20 per cent in launch prices of residential projects in 2015 over the previous two years, according to a report by property consultant Cushman & Wakefield.
Dubai's-Emaar-Properties-Hires-Contractor-to-Restore-Fire-Ravaged-Hotel
Jan 04, 2016
Dubai's Emaar Properties has hired a local contractor to restore a fire-damaged hotel, stating on Sunday that the New Year blaze would have "no material impact" on the company because the building and risk of fire are covered by its insurance.
PEs-may-pump-in-more-money-in-real-estate-this-year-
Jan 02, 2016
MUMBAI/NEW DELHI: Real estate companies are expected to raise more money from private equity funds in 2016 than last year after the government simplified foreign direct investment norms for the sector last year.
Building-height-clearance-now-a-click-away-in-Bhubaneswar
Jan 02, 2016
Bhubaneswar: Here is a good news for real estate developers, factory owners, civic bodies and energy department as they can get online height clearance from airport authorities for construction of buildings.
Simpler-green-norms-for-real-estate;-environment-ministry-looking-to-decentralise-approval-powers
Jan 01, 2016
NEW DELHI: In the New Year, India's somnolent real estate market may finally get a much needed boost — builders may have to comply with only 12 to 24 environmental norms, depending on project size, instead of the 100 green rules that were originally proposed.
JP-Morgan,-Apollo-Global-set-to-exit-BPTP-after-protracted-arbitration-battle-
Dec 30, 2015
NEW DELHI | BENGALURU: JP Morgan and Apollo Global Management are set to exit entity level investments in Gurgaon-based builder BPTP after a protracted arbitration battle.
Delhi-HC-issues-notices-to-CCI,-CREDAI-and-20-realty-developers-over-cartelisation,-matter-to-be-hea...
Dec 30, 2015
MUMBAI: Realty developers' troubles regarding allegations of cartelisation have got murkier as the petitioner has now moved the Delhi High Court against competition watchdog Competition Commission of India (CCI) itself.
Realty-Sector-Eyes-New-Year-to-End-Multi-Year-Slowdown
Dec 30, 2015
New Delhi/Mumbai: With a multi-year slowdown continuing in 2015 despite abundant supply and fall in prices, the real estate market is desperately looking for a recovery in the New Year when a new law is also expected to herald the much-needed transparency and accountability in the sector.
DDA-to-put-up-10,000-rejected-flats-for-sale-in-March-
Dec 28, 2015
NEW DELHI: Nearly 10,000 DDA (Delhi Development Authority) flats will be available early in the new year, most of them one-bedroom accommodations surrendered by allottees of the 2014 housing scheme. The land-owning agency hopes to turn around the large scale rejection, unusual for DDA projects, by putting up the flats for sale around March, along with others returned or yet to be allotted under other schemes.
Hong-Kong-Apartment-Sells-for-Record-$77-Million:-Report
Dec 28, 2015
Hong Kong, China: A luxury apartment in Hong Kong sold for a record 594.7 million Hong Kong dollars ($76.7 million), days before Christmas, making it the most expensive flat in the city and possibly in Asia, reports said on Friday.
Property-market-in-Bengaluru-hit-by-slow-job-creation-
Dec 28, 2015
BENGALURU: Bengaluru, the most resilient property market in the country is seeing cooling off too with deserted marketing offices and desperate salesmen. The property sales in the city have fallen by as much as 30% in the last three quarter due to slow job creation and low salary hikes by IT companies. "The market is really bad, even festive season did not bring in buyers back to the market despite offers. Our sales fell by around 40% during the year," said a senior official from a listed proper
China's-Home-Prices-Continue-to-Rise
Dec 27, 2015
Beijing: China's housing market continued to rise in 2015 signalling further stabilisation, according to an industry report issued on Saturday.
Credai-Visakhapatnam-to-hold-Property-Expo-from-25-Dec-2015
Dec 24, 2015
VISAKHAPATNAM: The Visakhapatnam chapter of Confederation of Real Estate Developer's Association of India (Credai) is to hold the second Vizag Property Expo 2015-16 from December 25 to 27 at Visakha Function Hall in the city.
Lodha-Group-eyes-growth-in-commercial-realty-space-
Dec 23, 2015
MUMBAI: Lodha Group, the country's largest realty developer by sales, is now carving out a new vertical with strategic focus on commercial property developments. The group that has so far concentrated on residential development is looking to increase its presence in office space as well.
Prateek-Group-raises-Rs-100-crore-for-its-Ghaziabad-township-project-
Dec 23, 2015
NEW DELHI: Real estate developer Prateek Group has raised Rs 100 crore from investment firm Xander group's NBFC arm Xander Finance for a township project it is building in Ghaziabad.
Reliance-Communications-Sells-150-Flats-for-Rs-330-Crore
Dec 22, 2015
New Delhi: Reliance Communications on Monday said it had sold nearly 150 residential flats in Navi Mumbai for Rs 330 crore as part of its asset monetisation plans aimed at lowering debt.
HDIL-Sells-Development-Rights-on-Kurla-Land-Parcel-for-Rs-649-Crore
Dec 22, 2015
Mumbai: Realty player Housing Development and Infrastructure Ltd (HDIL) has sold development rights on its land parcel at Kurla to DK Realty (India) for Rs 649.51 crore.
Fair-Trade-Regulator-Dismisses-Complaint-Against-Imperial-Housing
Dec 22, 2015
New Delhi: The Competition Commission of India (CCI) has rejected allegations of anti-competitive business practices made against real estate developer Imperial Housing Ventures.
Go-Green-With-Credai-Plantation-drive-at-Bhubaneswar
Dec 21, 2015
Bhubaneswar: A plantation drive was organized by the Credai Odisha today here at Gajapatinagar where numerous dignitaries participated to support the cause. Ananta Narayan Jena, Mayor, Bhubaneswar, Priyadarshi Mishra, MLA and Akash Dasnayak, MLA & the Brand Ambassador of CREDAI Expo 2016 had attended the drive - ‘GO GREEN WITH CREDAI’.
Housing-Prices-Up-13.7%-in-July-September-Quarter:-RBI
Dec 19, 2015
New Delhi: Housing prices increased by 13.7 per cent during July-September of this fiscal year compared with year-ago period but the annual growth rate has slowed down, according to a report to the Reserve Bank of India (RBI).
Indian-Realty-Market-Regains-Favour-of-Foreign-Investors:-PwC
Dec 17, 2015
Mumbai: A relaxed FDI (foreign direct investment) policy for the realty sector has reinforced the confidence of overseas investors and has helped India regain its place as one of the preferred investment destinations, according to a survey by PwC.
US-Housing-Data-Signals-Economic-Strength
Dec 17, 2015
US housing starts in November rebounded from a seven-month low and permits surged to a five-month high, signs of strength in the housing market that could give the Federal Reserve more confidence to raise interest rates on Wednesday.
Government-May-Consider-Scrapping-Double-Taxation-in-Realty-Sector
Dec 17, 2015
New Delhi: The government will consider the real estate industry's demand to remove double taxation on developers who have to pay both labour cess as well as PF/ESI, Labour Minister Bandaru Dattatreya said on Wednesday.

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