Latest Realty News

Maharashtra-flat-buyers-can-now-file-a-police-complaint-against-builders-violating-norms-
Jul 04, 2016
The state police has directed police stations across Maharashtra to register complaints against errant builders who cheat flat buyers and violate building norms. Housing experts have welcomed the move--termed by CM Devendra Fadnavis as "a good decision" -but which the real estate industry finds 'disturbing'. In a circular issued last week, special inspector general of police Prabhat Kumar instructed police commissioners in the state to take action according to the provisions of law when people f
Home-buyers-seek-Real-Estate-(Regulation-and-Development)-Act-draft-rules-review-
Jul 02, 2016
NEW DELHI: A group of home buyers has claimed that the draft rules for the Real Estate (Regulation and Development) Act circulated by the government recently ignores the interest of buyers in ongoing housing projects and should be reconsidered.
7th-Pay-Commission:-Home-Sales-Likely-To-Improve,-Say-Realtors
Jun 30, 2016
New Delhi: Real estate industry bodies on Wednesday said housing sales are expected to improve following implementation of Seventh Pay Commission recommendations as prices have fallen in last few years because of a slowdown in the property market.
Relief-for-homebuyers!-Builders-may-have-to-pay-11%-interest-for-delayed-projects-
Jun 29, 2016
NEW DELHI: Developers may have to pay 11.2 per cent interest to buyers for delay in handing over apartments and homes, according to draft rules unveiled by the government, a step seen as bringing relief to homebuyers reeling under the impact of delayed projects and mounting loan liabilities.
Bought-A-Property?-This-Small-Mistake-Could-Serve-You-A-Tax-Notice
Jun 27, 2016
If you have bought a property worth Rs 50 lakh or more, according to income tax rules you are liable to deduct a tax at source, or TDS, at the rate of 1 per cent from the payment to the seller.
'FDI-Reforms,-REIT-Rule-Relaxations-To-Boost-Realty-Sector'-
Jun 24, 2016
NEW DELHI: Reforms in FDI policy and relaxation of norms in Real Estate Investment Trusts (REITs) will benefit the realty sector, especially the commercial segment, property consultant CBRE today said.
Worli-In-South-Mumbai-New-Housing-Destination-For-Super-Rich:-Report
Jun 23, 2016
New Delhi: Worli in South Mumbai has become the new luxury residential destination for super-rich and celebrities with the likes of Virat Kohli, Akshay Kumar and business tycoon Ajay Piramal buying properties in this area, a report said.
Tata-Housing-sells-over-200-flats-in-Gurgaon-for-Rs-300-crore-
Jun 21, 2016
NEW DELHI: Realty firm Tata Housing has sold more than 200 flats for about Rs 300 crore in its residential project in Gurgaon.
Real-estate-developers-body-vows-to-oppose-corruption
Apr 19, 2016
Chennai: Confederation of Real Estate Developers' Association of India (Credai) Chennai chapter has called for increasing ease and reducing cost of doing business in the state. The developers' body has been raising concerns about corruption in the building plan approval process for some time, but this is the first time that the organization is confronting the state administration openly on the issue of corruption.
Mumbai-gets-another-dose-on-how-to-live!
Apr 12, 2016
Mumbai, 12th April, 2016: On the auspicious day of Gudi Padwa, JP Infra, the fast maturing real estate developer from Mumbai introduced phase 3 - Estella of JP North - A project spread across 24 acres at Mira Road.
Realty-Firms-Hope-for-Housing-Sales-Revival-Post-Rate-Cut
Apr 07, 2016
New Delhi: Interest on home loans is expected to come down helping a revival of housing sales following the Reserve Bank of India's lowering of policy rate by 0.25 per cent today, say realty experts.
Govt-confident-about-timely-creation-of-real-estate-regulators
Apr 06, 2016
New Delhi : Urban Development Minister M Venkaiah Naidu today said he was confident that each state would be able to set up its regulator for the real estate sector within a year as envisaged in the Bill passed by Parliament.
RBI-cuts-repo-rate-by-25-basis-points
Apr 05, 2016
The Reserve Bank on Tuesday cut the key interest rate by 0.25 per cent and introduced a host of measures to smoothen liquidity supply so that banks can lend to the productive sectors.
New-Managing-Committee-Formed--for-Credai-Odisha
Mar 19, 2016
Bhubaneswar : The New Managing Committee of Credai Odisha were elected for term 2016 -18 at Mayfair convention on 18th March 2016.
DDA-plans-housing-schemes-in-Dwarka,-Vasant-Kunj,-Rohini
Mar 12, 2016
NEW DELHi: The Delhi Development Authority (DDA) plans to build new housing projects in Dwarka, Vasant Kunj and Rohini.
Big-cheer-for-home-buyers-!-Rajya-Sabha-passes-Real-Estate-Bill
Mar 10, 2016
NEW DELHI: A bill seeking to regulate the real estate sector, bring in transparency and help protect consumer interests was passed by the Rajya Sabha today.
Budget-2016-to-boost-demand,-supply-of-affordable-homes
Mar 01, 2016
NEW DELHI: Budget proposals as positive for the real estate sector, industry players said that tax sops for first home buyers and incentives on development of affordable housing projects will help revive demand in the sluggish property market.
Need-a-'Built-in-Mumbai'-week-to-focus-on-affordable-housing-:-CM-Fadnavis
Feb 16, 2016
"With 50% of our population living in slums, we now want to start the Built in Mumbai initiative that will aim at providing cheaper homes. We will soon start a massive campaign for it," Fadnavis added.
Range-of-housing-options-at-property-fair
Feb 15, 2016
Bhubaneswar: A five-day property exhibition, Home and Decor, showcasing housing properties by members of Real Estate Developers Association of Odisha (REDA) started at Janata Maidan here on Saturday.
New-TDR-rules-to-soar-up-property-prices-in-Odisha:-Realtors
Feb 05, 2016
The drastic reduction of base floor area ratio (FAR) to 1.2 from earlier 1.5 to 2.75 in the newly notified Odisha Transferable Development Right Rules, 2015 is likely to soar up real estate property rates by 30-35 per cent in Odisha, realtors says.They have red flagged the reduction of FAR , the ratio obtained by dividing total covered area on all floors by the area of the plot, in the rules.
Realtors-see-business-opportunity-from-Smart-City-projects-
Jan 29, 2016
NEW DELHI: Realtors' body CREDAI today hailed the selection of first 20 cities for 'Smart City' programme, saying the initiative would provide great opportunity for the real estate development, particularly in the affordable home segment, with improvement in infrastructure of these towns.
Indians-Third-Biggest-Investor-in-US-Property-Market:-Brokerage
Jan 29, 2016
New Delhi: Indians are the third biggest international investor community in the US realty market, global brokerage Sotheby's International Realty said.
Godrej-Properties-enters-Noida,-ties-up-with-Lotus-Greens-
Jan 25, 2016
NEW DELHI: Godrej Properties has signed a development management agreement with NCR-based builder Lotus Greens to build a housing project on 36 acre land parcel in sector 150 of Noida. This is its first foray into the Noida market.
Why-housing-prices-have-dipped-on-Noida-Expressway-
Jan 23, 2016
Radiating out from Delhi into the National Capital Region are two expressways. The one in the east runs 22 km through Noida and Greater Noida. The other in the south stretches for 18 km between Dwarka and Kherki Daula. On either side of both these expressways are vast expanses that have been opened up for development by realtors.
Property-Prices-Soften-by-1%-in-Delhi-NCR:-Report
Jan 20, 2016
New Delhi: Property prices fell by an average one per cent in the Delhi-NCR during October-December period compared with the previous quarter on higher supply, according to a report by property portal 99acres.com.

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