Latest Realty News

APG and Xander launch $300 million India office fund
May 05, 2014
DELHI: Dutch pension fund manager APG Asset Management and PE firm Xander have launched a $300 million (Rs 1,800 crore) fund that will buy high quality income-generating office assets in India's main office markets.
NMC to confiscate tax defaulters' properties
May 02, 2014
NASHIK: The Nashik Municipal Corporation (NMC) has decided to confiscate the properties of property tax defaulters and auction these after May 16.
Godrej Properties to invest Rs 150 crore on new project in Gurgaon
Apr 29, 2014
DELHI: Godrej Properties LtdBSE -0.37 % today said it will invest Rs 150 crore to develop a new housing project in Gurgaon.
RCOM to move 5,500 staff off rolls
Apr 14, 2014
MUMBAI:It's time for over 5,500 employees of the Reliance Group flagship Reliance Communications (RCOM) to bid adieu to Dhirubhai Ambani Knowledge City (DAKC). Many of them had boasted of pumping chairman Anil Ambani's hands at the DAKC, when he took over the reins of the company after the demerger of the family empire in 2005. This, Ambani had then admitted, beat the record number of handshakes he did at his wedding reception.
Godrej Properties– M S Ramaiah Group to build 100-acre township in Bangalore
Apr 09, 2014
BANGALORE: Mumbai-based Godrej Properties has partnered family members from the M S Ramaiah Group to develop a 100-acre township in North Bangalore, sources privy to the development said.
Godrej Properties to develop new project in Bangalore
Apr 07, 2014
PUNE: Godrej Properties Ltd, the real estate development arm of the Godrej Group, has entered into an LLP to develop a residential township project in North Bangalore. This will be developed as a profit-sharing partnership like most other projects by the company.
Gudi Padwa will boost market sentiments
Apr 01, 2014
PUNE: Gudi Padwa is believed to be the most auspicious time for a ‘new beginning.’ The emotional quotient of buying a property on this propitious day is very strong. Many prospective buyers wait for months and put in all efforts to lock in on a deal, on this day. Developers have come forward to lure the buyers and offer a wide range of properties to every segment, including end-users and investors.
Non-housing properties: New tax rules from today
Apr 01, 2014
LUCKNOW: In a major relief to around 1.5 lakh non-housing properties in city, the state government has given its approval for implementation of new house tax assessment rules pertaining to them. These would be applicable this financial year onwards. Lucknow Municipal Corporation claims that after implementation of new rules, the commercial properties taxes would come down by almost 50-60%.
Open spaces a premium attraction in residential complexes
Mar 31, 2014
COIMBATORE: Every evening Shyam Veluswami and his friends play an hour of badminton in the indoor court situated on the first floor of the marble, wood and glass three storey club house in Shobha Harishree residential community. Very often, as he walks out, he waves a hello to his mother who takes an evening walk with two of her friends on the walking track provided around the community or just sits down for a chat on one of the benches provided along the roads.
Realtors eye Gudi Padwa bookings
Mar 30, 2014
NASHIK: 2014's Gudi Padwa could signal better movement for the real estate sector in Nashik after a lull that has lasted for over a year-and-a-half. Considered an auspicious occasion for bookings, the past three months leading up to Monday's Gudi Padwa have seen close to 400 flats being booked in the city.
Credai awaits rollback of ready reckoner rates
Mar 30, 2014
NASHIK: The Confederation of Real Estate Developers Association of India (CREDAI), Nashik, is awaiting a rollback of the hike in ready-reckoner rates announced by the Maharashtra government from January 1, 2014. The organization has expressed its disappointment, with the hiked rates remaining unchaged after an assurance from the state government.
Nothing is for Free; think twice before you accept rent on home buy
Mar 19, 2014
MUMBAI: Two Mumbai-based builders — wo Mumbai-based builders — Nirmal Lifestyle and Rustomjee — are promoting some of their under-construction residential properties with the promise of paying rent. Nirmal Lifestyle promises to pay the rent if the construction of its project is delayed beyond December 2017, while Rustomjee will pay the rent during the construction period.
Decoding paperwork required for buying property
Mar 14, 2014
DELHI: For the purchase or lease of residential or commercial real estate, as an investment or end-use, various factors need to be considered beyond the price and location. For properties in new projects by reputed developers, there is no reason to be too stressed about this. However, it can and often does become necessary while purchasing a resale property. One of the most important aspects to verify is the title of the property.
New Metro line set to push realty in region
Mar 14, 2014
BANGALORE: For the residents in west and north Bangalore, March 1 was a special date. The 10-km Metro line comprising Reach III and IIIA networks, from Sampige Road up to Peenya, began operations. The ‘green line’ with 10 out of 24 stations in operation presently, will connect residential, commercial as well as industrial areas in the region and have a significant impact on real estate.
Udyog Vihar industrialists urged to not pay double tax
Mar 14, 2014
DELHI: Udyog Vihar’s plot owners have asked local industrialists not to pay their annual maintenance charges to the industry authority for the next financial year.
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.
Buying house? Pay upfront and get up to 25% discount
Mar 13, 2014
AHMEDABAD: An HR executive working with a multinational struck gold in Prahaladnagar — a three BHK flat in a premium housing colony for Rs 50 lakh. “The developer had quoted the same amount for a 2 BHK unit two-three years ago in the same scheme. It seems this is a good time to buy,” says the 40-year-old professional who returned to her native after three years.
Layout plans of all buildings under scanner
Mar 13, 2014
DELHI: The MCG chief has asked the engineering department officials to crosscheck all the building plans sanctioned since the municipal corporation came into existence in 2008.
Godrej Properties adds new project in Mumbai through pact with Godrej & Boyce
Mar 13, 2014
MUMBAI: Godrej Properties, the real estate development arm of the Godrej Group, has entered into a pact with group company Godrej & Boyce to develop a new project on the latter's property at Vikhroli suburb of Mumbai, the company said in a release.
Godrej Properties jumps after adding new project in Vikhroli
Mar 12, 2014
NAVI MUMBAI: Godrej Properties jumped 5.50% to Rs 180.30 at 13:36 IST on BSE after the company said it will develop a new project in Vikhroli through its agreement with Godrej & Boyce.
Sohna Road: An attractive residential destination
Mar 12, 2014
DELHI: With a large number of residential projects completed or nearing completion, and many office complexes already occupied by leading companies, Sohna Road in Gurgaon has emerged as an attractive residential destination for end users and long term investors.
It’s no lottery: BDA doubles flat rates
Mar 11, 2014
BANGALORE: After sites, it’s now the turn of flats. Bangalore Development Authority (BDA) has arbitrarily jacked up the prices of flats by almost 100%-200%, spiking the common man’s last hope of owning a dream home in the city.
Four weeks to study Campa Cola documents
Mar 11, 2014
MUMBAI: Attorney general Goolam Vahanvati appearing for the BMC sought four weeks from the SC to study the land title and conveyance documents submitted by Campa Cola residents who have filed a review against their eviction order.
Real estate players wake up to digital media to boost sales
Mar 08, 2014
AHMEDABAD: From setting up branded YouTube channel that showcase walkthroughs of upcoming projects, to hiring social media marketing firms, real estate players such as Godrej Properties, Tata Housing and Adani are joining the digital media marketing bandwagon in a bid to strengthen sales.
Bihar: Assets worth Rs 2.65 crore found from house of retired head clerk
Mar 08, 2014
PATNA: The residential premises of a retired head clerk in a civil surgeon's office, Sukhdeo Ojha, was raided by the officials of Economic Offences Unit (EOU) in Muzaffarpur and assets to the tune of Rs 2.65 crore were unearthed. A case has been registered by the EOU.

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