Latest Realty News

Motilal Oswal Real Estate achieve first close of real estate fund at Rs 225 crore
Mar 05, 2014
DELHI: Motilal Oswal Real Estate, the real estate arm of Motilal Oswal Private Equity has made the first close of its second real estate fund - India Realty Excellence Fund II - at Rs 225 crore, the blue-chip private equity firm announced on Wednesday.
Home Maker adds class to the affordable real estate market
Mar 04, 2014
MUMBAI: Home Maker Properties Private Limited adds a new paradigm to the real estate market with its impressive offering of affordable mass housing projects providing top class residential as well as commercial properties. The company intends to develop more than 7 lakh sq ft area in West India.
Future of real estate seems bright in Greater Noida
Mar 01, 2014
DELHI: Despite the fact that demand in the realty sector is slow to some extent the Greater Noida Industrial Development Authority (GNIDA) has recently announced a 10.21 per cent increase in the allotment price across all categories of land in the city. The new rates will be applicable from April 1, 2014 onwards. However, this is not the first time that such an increase has taken place. The GNIDA follows this practice almost every year. For instance last year too, the GNIDA had hiked the land ra
Forecasting Hyderabad’s new areas
Feb 28, 2014
HYDERABAD: Across the city, people have strong opinions about the growth of property values in the city. “In my opinion property prices will increase in those outskirts of the city where the metro rail and the ORR (outer ring road) have their outreach. For example, while the ORR (Outer Ring Road) connects Shamirpet area to Kondapur we can safely say that Shamirpet, Kompally and Kukatpally become directly connected to roads leading to Hitech city. Therefore these areas grow faster and sooner or l
Neharpar on strong growth trajectory
Feb 28, 2014
DELHI: Neharpar of Faridabad is well on its way to becoming a realty hotspot with the new initiatives by development authorities like Huda to further integrate the city with Delhi and the neighbouring NCR cities. Also, Delhi Metro is planning to extend its corridor to Faridabad in the near future. These, coupled with the increasing housing demand prompting developers to launch a slew of new residential projects across segments, have put Faridabad on a strong growth trajectory.
Forest land: Maharashtra considers review plea against SC verdict
Feb 27, 2014
MUMBAI: The state government has sought legal opinion on whether it should file a review petition against the recent Supreme Court order removing the “private forest” tag attached to huge swathes of land across the state.
Forecasting Hyderabad’s new areas
Feb 27, 2014
HYDERABAD: Across the city, people have strong opinions about the growth of property values in the city. “In my opinion property prices will increase in those outskirts of the city where the metro rail and the ORR (outer ring road) have their outreach. For example, while the ORR (Outer Ring Road) connects Shamirpet area to Kondapur we can safely say that Shamirpet, Kompally and Kukatpally become directly connected to roads leading to Hitech city. Therefore these areas grow faster and sooner or l
Rs 120 cr in tax dues from over 1,000 properties: NDMC
Feb 24, 2014
DELHI: Property tax worth Rs 120 crore is due from over 1,000 commercial and residential properties in north Delhi, the North Corporation has said while warning of measures to name and shame defaulters.
Realty Prices to Spike With Issue of 11B Khatas
Feb 24, 2014
BANGALORE: Property prices in urban and semi-urban areas across the state are set to spike with the government allowing registration of sites purchased in irregular layouts within gram panchayat limits.
Ready reckoner painful for real estate buyers
Feb 22, 2014
MUMBAI: The state government must review its latest ready reckoner (RR) rates, which is used to calculate market value of properties for payment of stamp duty and registration charges.
National Buildings Construction Corporation's Q3 net profit up 57%
Feb 12, 2014
DELHI: National Buildings Construction Corporation Limited (NBCC), a Mini-ratna company, reported 57% increase in its net profit at Rs 56.6 crore during the third quarter compared to net profit of Rs 36.04 crore for the corresponding period in the previous year. The income from operations increased by 39.65% to Rs 1,000.23 crore during October-December quarter of the 2013-14 fiscal year.
Ansal Properties drops after poor Q3 outcome
Feb 11, 2014
MUMBAI: Ansal Properties & Infrastructure lost 3.39% to Rs 19.95 at 11:52 IST on BSE after consolidated net profit fell 90.66% to Rs 1.48 crore on 3.81% decline in sales & operating income to Rs 267.09 crore in Q3 December 2013 over Q3 December 2012.
More properties go under hammer as borrowers under stress: Assocham
Feb 10, 2014
DELHI: An increasing number of properties and assets mortgaged to lenders are going under the hammer due to non-payment of loans, a study by Assocham has found. “Visibly, the sale and possession notices appear more for the small-sized assets mortgaged for loans which have gone bad. The stress seems more in small-sized manufacturing units,” the study paper said.
Cidco proposes floor space index of 3 for building redevelopment
Feb 08, 2014
NAVI MUMBAI: In a key development this election year, Cidco has mapped out the need for granting floor space index (FSI) of 3 for redevelopment of old and dilapidated buildings it has developed in its own and the Navi Mumbai Municipal Corporation area.
Commercial rentals low in city
Feb 08, 2014
BHUBANESWAR: The commercial rents are hovering around Rs 100 per sq ft even in the posh localities like Janapath, said Sanjay Kumar Jha, Secretary of Real Estate Developers Association of Odisha (REDA). Forum Mart, BMC Bhawani Mall, Pantaloons Mall, Idco Towers, and Fortune Towers are some of the prominent commercial properties in the city.
Flat owners can apply for occupancy certificate
Feb 07, 2014
PUNE: Individual flat owners in the city can directly approach the Pune Municipal Corporation for occupancy certificates (OC). There are around six lakh residential properties and 75,000 non-residential properties in the city and the civic body claims many of these identified and assessed properties have not obtained OCs.
Pune developer buys 34-acre land in Wakad for 350 crore
Feb 07, 2014
PUNE: Kolte-Patil Developers Limited has purchased a 34-acre land at Wakad for around Rs 350 crore, which the company claims is the largest reported land deal within the limits of Pune city.
Godrej Properties seeks shareholder nod to invest Rs 565 crore
Feb 06, 2014
DELHI: Godrej Properties LtdBSE 1.19 % has sought shareholders' approval to invest up to Rs 565 crore in its subsidiaries that are executing realty projects.
CHB auction flops as only 2 out of 145 properties sold
Feb 06, 2014
CHANDIGARH: The auction of commercial properties held by the Chandigarh Housing Board flopped with just two booths finding any takers on Wednesday. A total of 145 booths, bay shops and a restaurant site were to go under the hammer.
Vikram Bakshi sells assets to create legal battle against McDonald's
Feb 05, 2014
DELHI: McDonald's estranged India partner Vikram Bakshi has sold two prime retail properties and is in the process of selling a third one in Delhi's Connaught Place as he prepares for a prolonged and expensive legal battle with the US burger chain.
Supreme Court ruling may help revive stalled real estate projects
Feb 03, 2014
MUMBAI: Shares of Mumbai-based realty firms rose on Friday after the Supreme Court on Thursday allowed builders to develop several land parcels in the city's suburbs that were listed as forest land and were barred from encroachment. The apex court's ruling is expected to revive stalled projects, adding several thousand apartments to the city where home sales are down due to high prices.
Ajnara India Ltd launches Ajnara Ambrosia in Noida
Feb 01, 2014
NOIDA: Ajnara India Ltd, a major realty player has launched its much awaited and one of the most luxurious residential project in sector-118, Noida. Ajnara India Ltd is one of the largest realty companies in NCR with over 50 delivered projects and over 10 ongoing projects, many of which are near to possession. The new project, Ajnara Ambrosia is a theme based project which is being designed to give it’s the buyers the feel of ‘Spanish luxury’.
India Infoline raises Rs 750-cr realty fund
Jan 31, 2014
MUMBAI: IIFL Wealth Management, a unit of financial services firm India Infoline, said on Wednesday it has raised a Rs 750-crore real estate fund, which has the option to co-invest another Rs 500 crore under the fund. IIFL has mandated Ajay Piramal group's realty fund manager Indiareit Fund Advisors as the investment advisor.
Housing market set for positive growth in city’
Jan 29, 2014
TIRUCHI: Although the economic slowdown has resulted in poor demand for housing properties in the city last year, there are signs that the market is on the road to revival, say members of the Tiruchi chapter of Confederation of Real Estate Developers (CREDAI).
Sharad Pawar declares property worth Rs 32.16 cr
Jan 27, 2014
MUMBAI: Union Agriculture Minister Sharad Pawar and Nationalist Congress Party (NCP) president Sharad Pawar on Friday declared movable and immovable property worth Rs 32.16 crore in his and his wife, Pratibha's name and HUF (Hindu Undivided Family), as he filed Pawar nomination papers for the Rajya Sabha election at the Vidhan Bhavan in Mumbai.

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