Latest Realty News

Property of man who trafficked women attached in Bihar
Jan 27, 2014
PATNA: For the first time, the property of a man accused of immoral trafficking has been confiscated in Bihar, police said Wednesday.
250 new properties found evading property tax
Jan 25, 2014
KOLHAPUR: The civic body has found 250 new property owners to be evading taxes. They have not registered with the Kolhapur Municipal Corporation's property tax department.
ED takes possession of Koda aides' properties
Jan 24, 2014
JAMSHEDPUR: An Enforcement Directorate team on Wednesday took possession of properties owned by two associates of former chief minister Madhu Koda.
Real estate prices still high despite weak demand: India Ratings & Research
Jan 22, 2014
MUMBAI: India Ratings & Research has maintained a negative to stable outlook on the real estate sector for 2014-15 on the back of continued weak end-user demand and adverse consumer sentiments.
EOW Submits Proposal for Attachment of Safex Properties
Jan 21, 2014
BHUBANESWAR: The Economic Offences Wing (EOW) of the Crime Branch on Saturday submitted before Finance Department the proposal for attachment of properties of Safex Group of Companies which has been charged with cheating investors.
Alind Property: State Govt Files Statutory Objection
Jan 21, 2014
THIRUVANANTHAPURAM: Finally, the State Government also seems to have woken up to block the designs of Somani Group, the current promoters of the Kundara-based Aluminium Industries Ltd(ALIND), to plunder the company’s assets and landed property worth thousands of crores of rupees.
VIP Road Vizag's new realty hotspot
Jan 17, 2014
VISAKHAPATNAM: True to its name, VIP Road is turning out to be one of the most sought after addresses for commercial and residential properties in the Port City. At least five commercial and residential properties are under various stages of construction along the nearly 1 km long stretch that is already home to several restaurants, an eye hospital, a two-wheeler showroom and several other commercial offices.
Land compensation under new law: HUDA
Jan 17, 2014
DELHI: Villagers objecting to the acquisition of 700 acres of land in Gurgaon by the state government last December were on 16 January assured that they would be compensated according to provisions of the new Land Acquisition, Rehabilitation and Resettlement Act 2013. The new law came into force on January 1, 2014.
Gurgaon build plans below 100 sq m may get nod
Jan 17, 2014
DELHI: The MCG House meeting on 15 January discussed a proposal wherein plots whose size is less than 100 sq m will also get their building plans sanctioned. At present, the building plans of only those plots which are above 100 sq m are approved by the MCG.
Bangalore West: Good mix of residential options
Jan 17, 2014
BANGALORE: Around 20 years ago, Rajarajeshwarinagar in Bangalore west was a little-known area. Early homeowners found it a densely forested region with little security. Pan to 2014 and the very same neighbourhood is now a well-established residential locality.
Indian real estate worth Rs 7,700cr up for sale by lenders: Report
Jan 16, 2014
MUMBAI: India's dismal economic figures have expectedly hit the Realty sector hard - an estimated Rs7,700 crore worth of commercial and residential properties across the country are up for sale by lenders, according to an industry study.
Unitech eyes close to Rs 1,000 crore from land, 2 NCR hotels
Jan 16, 2014
DELHI: Delhi-based real estate developer Unitech is looking at selling two hotel properties in the national capital region (NCR) and around 30 acres of land parcels in south India, which totally could fetch the company close to R1,000 crore, said an industry source.
Biggies to buy into Shriram realty projects
Jan 14, 2014
BANGALORE: Textile major Arvind Ltd CMD Sanjay Lalbhai and a real estate fund of Aditya Birla are buying stakes in separate development projects of Shriram Properties, the unlisted real estate arm of the $10 billion Shriram Group, as marquee India Inc investors are tapping credible corporate names in the property market.
Rs 150 Crore Land Scam Busted, Three Arrested
Jan 10, 2014
BHUBANESWAR: The Economic Offences Wing (EOW) on Friday busted a `150 crore land scam and arrested three persons, including a land broker, for attempting to sell government properties. The land, measuring about 51.5 acre, is located in four mouzas __ Pandara, Gadakana, Mancheswar and Rokat __ abutting the Capital.
Kanakia Group to invest Rs 500 crore in residential, hotel properties
Jan 09, 2014
MUMBAI: Diversified conglomerate Kanakia Group plans to invest more than Rs 500 crore over the next two years for developing residential and hotel properties, a top company official said.
Developmental Projects in Hyderabad, GHMC, Properties in Hyderabad
Jan 09, 2014
HYDERABAD: The GHMC standing committee on Wednesday cleared a proposal to pay compensation to several property owners whose land or buildings were acquired for various civic developmental projects including widening of roads.
76,000 govt properties encroached upon
Jan 09, 2014
NASHIK: 'Chavadi vachan' - the process of reading out records publicly at the village level - carried out by the district administration has revealed that 7,619 government properties were encroached upon by individuals and groups, against which, the administration has initiated action. The chavdi vachan programme has, in fact, helped the administration more than the people in general.
Haryana opens commercial zones for housing
Jan 09, 2014
GURGAON: In A move that is likely to impact construction in urban areas, particularly the NCR, the Haryana government has decided to grant mixed land use licences in commercial zones. The move will now allow developers to build residential properties in commercial complexes.
Changing Demographics Boosting Pune Real Estate Demand
Jan 08, 2014
PUNE: We already know that Pune is no longer just a Pensioner’s Paradise (though it still is the #1 city of choice for retiring people in Maharashtra). At least three other factors now define Pune – the growth of the Information Technology, the massive spread of organized retail and the city’s changing demographics.
PMC may not hike property tax next fiscal
Jan 04, 2014
PUNE: Chances are that citizens will not be burdened with an increase in property tax in the next financial year. The civic administration has submitted a proposal to the standing committee, suggesting that the levy should not be hiked.
Subrata Roy moves SC for permission to go abroad
Jan 04, 2014
DELHI: Sahara Group chief Subrata Roy, who has been restrained from going abroad for failing to refund Rs. 20,000 crore investors' money, today moved the Supreme Court seeking its permission to go overseas for business purposes.
Factors expected to drive Mumbai’s realty in 2014
Jan 03, 2014
MUMBAI: While 2013 was a year of stagnancy for the real estate market in Mumbai, 2014 is expected to perform better. However, there are certain factors that would impact growth and a substantial improvement is expected only if the conditions favour the market. A few things one hopes will happen in the year 2014 are
Owners rent out buildings to commercial units, cheat on tax
Jan 03, 2014
CHENNAI: A growing number of residential properties in the city are being used for commercial purposes to evade high property tax resulting in a huge loss to the city corporation. Any shortfall in collection of property tax, the biggest source of revenue for the corporation, impacts infrastructure schemes directly.
Second half of 2014 to fuel growth in real estate
Jan 02, 2014
MUMBAI: Real estate professionals are unanimous in one prediction: Things will start looking up for the sector only in the second half of 2014, after the general elections, when clarity on the new government will emerge and businesses start investing.
Branded homes gaining popularity in India
Dec 27, 2013
DELHI: In today’s scenario, buyers’ high aspirations, increased living standard of people, high esteem needs and pre-requisite of better living conditions has pushed developers a step forward to developing a space in the super-luxury segment known Branded Residences.

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