Latest Realty News

Chennai-developer-provides-early-exit-to-real-estate-fund
Sep 25, 2015
CHENNAI: Even as many developers struggle to sell their stocks and complete projects in time, Casa Grande Pvt. Ltd., a Chennai- based developer, has provided exit to Avenue Venture Real Estate Fund from one of their projects off the IT Highway within 18 months of the fund's investment.
Rajarhat-comes-closer-to-middle-class,-50%-price-slump-in-fortnight
Sep 25, 2015
KOLKATA: Have properties in Rajarhat-Newtown suddenly become more affordable? With properties at Rs 2,600-3,500 per square feet being advertised with unfailingly regularity over the past two weeks, a decent 1,200-square feet three-bedroom apartment in a Rajarhat multi-housing complex suddenly appears more within reach at Rs 35 lakh, compared to the Rs 60-70 lakh months ago.
In-biggest-fine-ever,-Sebi-asks-realty-major-to-pay-Rs-7,269-crore
Sep 23, 2015
MUMBAI: Market regulator Sebi on Tuesday imposed a fine of Rs 7,269 crore on Jaipur-based real estate major PACL, and four directors of the company for illegally mobilising funds through collective investment schemes between September 2013 and June 2014. This is the biggest ever fine by Sebi.
Uncertainty-looms-over-appointment-of-regulatory-body-for-Mumbai-home-buyers
Sep 23, 2015
MUMBAI: The Maharashtra Government appears to be in a dilemma over appointment of a regulatory body to safeguard interests of home buyers in the city despite the fact that the process of framing rules for the Housing Regulatory Bill has been completed.
Kochi-top-real-estate-destination-among-19-Tier-II-cities-in-India
Sep 16, 2015
Kochi has topped the list of best real estate destinations among 19 Tier-II cities in India on the back of robust housing demand and better project execution, according to a report.
Rajasthan-Apartment-Ownership-Bill-returned-as-Union-ministries-raise-objections
Sep 15, 2015
JAIPUR: The Rajasthan Apartment Ownership Bill (2015), which was sent to the President of India for final approval, has been returned with proposed amendments.
Foreign-real-estate-investors-have-become-more-realistic-about-Indian-market
Sep 14, 2015
NEW DELHI: The real estate market in India has matured after the slowdown and investors now have a more realistic view about returns these days, says Robert Marten, managing director, Global Real Estate Institute (GRI), a global club of senior real estate investors, developers and lenders.
Affordable-housing:-Sector-may-get-infra-tag-if-Realty-Bill-gets-passed
Sep 08, 2015
Affordable housing might stand a chance to get the much-sought-after infrastructure tag provided the Union government passes the Bill to regulate the realty sector.
Cash-strapped-builders-turn-to-PEs,-NBFCs-to-refinance-debt
Aug 14, 2015
BENGALURU/MUMBAI/NEW DELHI: Real estate developers are increasingly turning to private equity investors and non-banking finance companies to refinance massive debts due to sluggish home sales in the last couple of years and banks becoming cautious about lending to the industry
Real-Estate-Bill-Clears-Govt-Of-Blame,-Worries-Some-Builders
Aug 11, 2015
Panaji: The Real Estate (Regulation and Development) Bill, 2013, which is still pending in Parliament, has the Goan real estate industry worried. While stakeholders agree that the bill, once passed, will bring clarity and confidence into the real estate market, developers are wary about the lack of onus placed on the government, which they feel, is an important stakeholder in the real estate economy.
Real-Estate-Bill:-Growth-of-the-sector-can’t-be-at-the-cost-of-consumers
Aug 08, 2015
The report of the Parliamentary Select committee on the Real Estate (Regulation and Development) Bill, 2013, tabled on the floor of the Rajya Sabha has not only rectified the many dilutions that were made to the original Bill, it has also built in additional safeguards to regulate all kinds of transactions between home-buyers and builder
End-users,-investors-keep-Pune-housing-market-alive-in-Q1
Aug 07, 2015
The demand from both end user and investors precisely in the mid-range segment kept the overall Pune residential market positive during the quarter ended June, showed a report by property consultancy Colliers International.
Builders-struggle-to-sell-houses-in-Surat
Aug 06, 2015
SURAT: There is a supply overhang of houses in the Diamond City with around three lakh flats lying vacant for a couple of years now.
US-based-SRS-Investments-enters-Vizag-realty-market
Aug 06, 2015
VISAKHAPATNAM: Terra Alpha, the real estate arm of US-based private-equity real estate investment firm SRS Investments, on Wednesday launched the Port City's first realty FDI (foreign direct investment) project Celest that comprises a residential-cum-c
Fewer-new-housing-launches-in-kolkata,-sale-lowest-among-top-eight-cities
Aug 04, 2015
KOLKATA: The realty boom that kept Bengal's economy churning has switched to reverse gear. Not only has new launches dipped, but sale of apartments is also the lowest among the top eight cities.
Buyers-point-to-loopholes-in-Rajya-Sabha-report-on-real-estate-bill
Aug 03, 2015
NOIDA: NCR homebuyers, who made significant contributions in the shaping of the Real Estate Regulation and Development Bill, have by and large welcomed the report by the 21-member select committee on the Bill, submitted to the Rajya Sabha on July 30.
PE-investment-in-realty-rises-16-per-cent-to-Rs-6,010-crore-in-Jun-quarter
Aug 03, 2015
NEW DELHI: Private equity (PE) investment in the real estate sector rose by 16 per cent to Rs 6,010 crore in April-June period as developers raised funds to complete existing projects on account of slow sales, says a report.
JLL-India-asks-home-buyers-to-avoid-Noida-Extension,-Greater-Faridabad-
Jul 24, 2015
NEW DELHI: Property consultant JLL India has advised home buyers to avoid certain locations, including Noida Extension, in Delhi-NCR real estate market due to delays in projects delivery, oversupply, speculation and lack of infrastructure.
Government-nod-made-must-for-plot-sale-in-Himachal-Pradesh
Jul 21, 2015
SHIMLA: The Himachal Pradesh government has made seeking prior approval mandatory before registration of a plot's sale deed. In order to ensure the planned and regulated development in all areas, the state government has decided to ensure strict enforcement of the Town and Country Planning Act and its rules
New-home-purchase-sentiment-strongest-in-4-years:-ZyFin-Research
Jul 06, 2015
NEW DELHI: Consumer sentiment about buying a new home is currently the strongest in four years, according to ZyFin Research's New Home Purchase Sentiment Index.
Pakistan-stumps-India;-rolls-out-South-Asia’s-1st-REIT-while-we-still-try-to-axe-the-tax-
Jun 26, 2015
MUMBAI: At a time Indian realtors and investors are struggling to roll out real estate investment trusts (REIT) amid regulatory complications and tax uncertainties, Pakistan has gone ahead to launch South Asia's first REIT at a premium of 10% to the offer price, earlier this month.
Amarprakash-Developers-Awarded-Asia’s-100-Best-Real-Estate-Projects
Jun 09, 2015
One of the best residential developers in Chennai, Amarprakash’s project Palm Riviera had been awarded as “Asia’s 100 Best real estate projects & properties 2015”.They were conferred the award at a grand function on 21 May, 2015 in Singapore .
Bombay-HC:-Seeking-assured-returns-under-FDI-in-real-estate-is-not-only-prohibited-but-also-inconsis...
Jun 08, 2015
MUMBAI: In a landmark order that would bring FDI in real estate projects under a legal scanner, the Bombay high court declined relief to IDBI Trusteeship Services in what it said was "clearly an attempt at seeking active court assistance to achieve what the law prohibits and that is clearly inconsistent with public interest." The law permits FDI investment in real estate development only in the form of equity and prohibits investment with assured returns, the court said.
Real-estate-in-Telangana-still-sluggish
Jun 08, 2015
As Telangana reached its one-year milestone, the real estate sector in Hyderabad appears to have given up hopes of a quick recovery of fortunes and instead remains content with slow and incremental growth.
Rahul-Gandhi-reaches-out-to-home-buyers,-discusses-real-estate-bill
Jun 07, 2015
Kolkata: Congress vice president Rahul Gandhi on Saturday reached out to home buyers here to discuss concerns about the Real Estate Regulation Authority Bill which he says has "loopholes".

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