Latest Realty News

Govt orders cost audit for real estate, hospitals and educational institutions
Jul 07, 2014
DELHI: The government on Monday ordered maintenance of cost records and audit for real estate companies, hospitals and educational institutions to drive in transparency and keep a check on their costing. The move will bring in the much-required transparency in fixing of prices in areas like housing and treatment costs at hospitals, while keeping a check on the fee charged by private educational institutions.
UK’s Varakas Group to build resorts in Gujarat
May 11, 2014
AHMEDABAD: It seems that the fragrance of ‘Khushbu Gujarat Ki’ campaign led by actor Amitabh Bachchan to promote Gujarat Tourism has spread to overseas. A UK-based NRI investor is planning to invest in hospitality at tourist spots in Gujarat.
Online property buying catches up
Apr 08, 2014
DELHI: Buying a house online could soon be commonplace with major players waking up to the potential of the online space, which was hitherto limited to checking designs and prices of properties.
Realty shares in demand
Apr 05, 2014
MUMBAI: Shares of real estate companies are in demand and rallied up to 16% on back of heavy volumes in otherwise weak market on the Bombay Stock Exchange (BSE).
Demand for houses declines in third quarter
Mar 29, 2014
DELHI: The slowdown in economy coupled with rise in interest rates and uncertain job prospects has hit the demand for real estate. In the third quarter of 2013-14, sales volumes declined 43 per cent to 11.8 million sq ft from 21.9 million sq. ft in the same period last year, says a study by Knight Frank. Despite this, study says, the annual rise in prices of residential units in the last eight quarters is around 10 per cent.
15 listed realty firms see 46% dip in sales: Knight Frank
Mar 29, 2014
MUMBAI: The sales volume of 15 of the top 25 listed real estate companies by market cap declined 46 per cent to 11.80 million sq ft from 21.85 million sq ft over the last eight quarters, according to a report by real estate consultancy Knight Frank.
Sales of realty companies halve in third quarter
Mar 29, 2014
MUMBAI: A combination of factors have seen the sales volume of the top 25 listed real estate companies almost halve to about 11.8 million square feet in the quarter ended December 2013. It was 20.73 million square feet in the year-ago period.
Demand for houses declines in Q3
Mar 28, 2014
DELHI: The slowdown in economy coupled with rise in interest rates and uncertain job prospects has hit the demand for real estate. In the third quarter of 2013-14, sales volumes declined 43% to 11.8 million sq ft from 21.9 million sq. ft in the same period last year, says a study by Knight Frank. Despite this, study says, the annual rise in prices of residential units in the last eight quarters is around 10%.
Net profit of realty firms fell 41% in last 8 quarters: Report
Mar 28, 2014
MUMBAI: Net profit of top 25 real estate companies registered a fall of 41 per cent in the quarter ended December 2013, compared to the peak period of quarter ended March 2012. Net profit margins during this period plummeted from 13.6 per cent to 9.7 per cent, said a report by global realty consultancy Knight Frank.
I-T raids on 2 realty companies 40 premises in MP, Chhattisgarh
Feb 06, 2014
BHOPAL/INDORE: Income Tax (I-T) team on Wednesday conducted raids on 40 premises of two Bhopal-based real estate companies in a case of unaccounted investment in Madhya Pradesh and Chhattisgarh.
Real estate prices still high despite weak demand: Ind-Ra
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.
Unitech to sell two hotels near Delhi, land parcels in southern cities
Jan 16, 2014
DELHI: Unitech, India's fourth-biggest real estate firm, has put two hotels near Delhi and some land parcels in southern cities on the block as it seeks to raise 800-900 crore to pare debt, two people close to the development said.
SC retains bar on Subrata Roy's foreign trips
Jan 10, 2014
DELHI: Retaining the bar on Sahara group chief Subrata Roy's visits abroad, the Supreme Court on Thursday asked his two real estate companies to disclose in two weeks the source of the Rs 20,000 crore these claimed to have refunded to the investors in their optionally fully-convertible debentures (OFCDs).
REITs, a game-changer
Dec 31, 2013
MUMBAI: The demographic dynamics in India is changing fast, leading to a growing demand for real estate, which continues to be higher than supply. An estimated 843 million people will live in Indian cities by 2050, about the same as the combined population of the US, Brazil, Russia, Japan and Germany.
Realty firms seek priority sector status for low-cost housing
Dec 20, 2013
DELHI: After exporters, real estate companies are demanding a priority sector tag for loans to the low-cost housing sector.
PE investments give cash-hit realty sector a new lease of life
Dec 16, 2013
MUMBAI: Home-grown private equity funds seem to have opened their purse strings again for the realty sector, which is facing a cash crunch.
Top realtors rush to hills to tap holiday home demand
Nov 12, 2013
DELHI: Luxury holiday homes in the hills are once again becoming an object of desire and India’s top real estate companies are ready to meet this demand, especially as the slowdown has eroded sales in urban markets. Entrepreneurs, retired industrialists and top executives are all looking to pick up a second home to get away from the hassles of city life.
Top realtors like DLF, Tata Housing, Fire Capital rush to hills to tap holiday home demand
Nov 09, 2013
DELHI: Luxury holiday homes in the hills are once again becoming an object of desire and India's top real estate companies are ready to meet this demand, especially as the slowdown has eroded sales in urban markets. Entrepreneurs, retired industrialists and top executives are all looking to pick up a second home to get away from the hassles of city life.
Pune based Vastushodh projects affordable housing gets a PE Boost
Oct 31, 2013
PUNE: City based Vastushodh Projects is all set to get a boost in its endeavour to provide housing for middle and lower income groups with Avenue Venture Partners, a Mumbai based PE Fund taking project level equity in some of its projects.
Over 25 per cent housing projects delayed pan-India; NCR worst hit: JLL India
Oct 02, 2013
DELHI: Real estate companies have not been able to deliver over 25 per cent of their housing projects on time while developers in the national capital region are worst performer, according to property consultant Jones Lang LaSalle (JLL) India.
Court ruling to impact realty cos
Sep 30, 2013
DELHI: Real estate companies may come under renewed pressure after the Supreme Court delivered a big retrospective tax blow to real estate developers. Builders now have to pay 5 per cent value-added tax from June 2006 after the Apex Court upheld its judgment in the K Raheja case.
Peripheral locations in Bangalore host more affordable homes
Jul 26, 2013
BANGALORE: With the city extending towards new peripheries, residential development has also grown to accommodate the requirements of a burgeoning working population. As large multinational establishments are finding spaces in far-flung localities, the demand for housing in these belts has picked up. Reasonable cost of land has led to the emergence of the affordable or budget housing segment to cater to a younger, first time buyer profile coming to the city.

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