Latest Realty News

Brokers turn developers as realty business booms
Jun 14, 2013
BANGALORE/ MUMBAI: PrashanthSambargi, partner at Bangalore-based real estate brokerage firm Mars Realty, is these days busy designing residential projects for two land parcels he owns in the IT capital of India. "I am now looking at smaller size projects with 18-40 units with 20 months' turnaround time... big builders do not enter this segment," he says.
What makes Miyapur a favourable real estate destination?
Jun 13, 2013
HYDERABAD: Greater Hyderabad is located on the west end of the state and is known as the trade and industry capital of Andhra Pradesh.
Ghaziabad: 2BHK the most preferred configuration
Jun 13, 2013
DELHI: Owing to comparatively lower property values than other parts of NCR and good connectivity, Ghaziabad has developed as a preferred residential location for youngsters working in the IT hubs of Noida and Greater Noida. These young professionals being single or having small families look for smaller residential units. It is thus, no surprise that 2BHK units are the most preferred configuration in Ghaziabad.
Detailed project proposal to develop Capital Hospital into PGI
Jun 13, 2013
BHUBANESWAR: The State Government on Tuesday asked the Health and Family Welfare Department to prepare a detailed project proposal for developing the Capital Hospital into a Post Graduate Institute (PGI) on the model of PGI Chandigarh.
Delhi government asks schools to improve infrastructure
Jun 13, 2013
DELHI: The Delhi government on Wednesday directed all its schools to improve infrastructure and promised to provide all financial assistance for it.
Five crore sq ft of office space lying vacant: JLL report
Jun 13, 2013
PUNE: Around 5 crore (50 million) sq ft of office space across the country is currently lying vacant, while the current demand is around 3 crore sq ft, annually according to the findings of real estate consultancy company Jones Lang LaSalle (JLL).
Brokers excuse: Many go online to look for homes
Jun 12, 2013
CHENNAI: Avaricious brokers and argumentative middlemen can take a walk: Prospective tenants are logging on to find houses the easy way.
Credai to treat medical waste
Jun 12, 2013
KOCHI: With biomedical waste treatment becoming a major issue in city apartments, the Kochi-chapter of the Confederation of Real Estate Developers' Association of India (Credai) has decided to launch a project to address the issue under the Clean City Movement.
Assotech Realty to invest Rs 100 crore on service apartments in Shirdi
Jun 11, 2013
DELHI: Assotech Realty today said it will invest about Rs 100 crore to develop a service apartment project at Shirdi in Maharashtra.
2 builders held for cheating in Kerala
Jun 11, 2013
KOCHI: Kochi police have arrested two promoters of Parthsaaradhy Properties Pvt Ltd who had allegedly cheated scores of apartment buyers.
Nallagandla property market undergoes development
Jun 09, 2013
HYDERABAD: Nallagandla in Hyderabad is witnessing a flush of real estate developments. It is located on the north western zone of the city which is currently under the radar of the real estate developers. Gachibowli, Miyapur, Nizampet, Beeramguda, Kukatpally and many adjoining localities are also undergoing transformation.
Kothur in Hyderabad sees high real estate development
Jun 08, 2013
HYDERABAD: At the western part of Andhra Pradesh, a small town in Mahbubnagar district, Kothur, is slowly waking up to real estate development. Located close to NH-7, it is only 36 km from Hyderabad. Kothur is encircled by industrial areas and is away from the busy life of a city.
Relief to builders, Centre relaxes green norms for high-rises
Jun 08, 2013
DELHI: In what will be a big relief to builders in tightly-packed cities such as Mumbai, the environment ministry has done away with green clearances for high-rise buildings based on the width of the roads that they fall by the side of and the distance from fire-stations. It has left it to the state government to makes rules as they deem fit.
Builder held in Mumbai for cheating Delhiites of Rs 25 crore
Jun 08, 2013
DELHI: A chef-turned-builder, who allegedly cheated around 3,000 investors of Rs 25 crore by promising residential plots in Navi Mumbai, has been arrested from Mumbai, police said today.
Realtor funded Odia films
Jun 07, 2013
BHUBANESWAR: Builder Narayan Chandra Nayak, arrested by the Crime Branch on Wednesday in connection with fraudulent land deals to the tune of Rs 50 crore, was taken on two-day remand by police.
Kothur in Hyderabad sees high real estate development
Jun 07, 2013
HYDERABAD: At the western part of Andhra Pradesh, a small town in Mahbubnagar district, Kothur, is slowly waking up to real estate development. Located close to NH-7, it is only 36 km from Hyderabad. Kothur is encircled by industrial areas and is away from the busy life of a city.
Mira Road-Bhayandar East witnesses max supply of 2BHK
Jun 06, 2013
MUMBAI: Situated in the Western peripheral area of Mumbai, Mira Road and Bhayandar East are amongst the fastest growing suburbs of the city.
Plush residential areas in Hyderabad
Jun 06, 2013
The land of the royals, Hyderabad, is familiar to the concept of luxury and opulence. Premium properties are making a comeback in the city. New real estate developers such as Mahindra Lifespaces, Emmar Group, Bollineni Developers Ltd and Aliens Group, among others are active in this segment.
CREDAI for maintaining equilibrium between public and realtor
Jun 06, 2013
CHENNAI: Proposed Real Estate Regulatory Bill should maintain "equilibrium" between the realtor and the public besides regulating the entire industry, industry body CREDAI said today.
Renowned urban planner bats for green building movement
Jun 06, 2013
KOLKATA: Inclusive city planning is imperative for the planned growth of any 'green' township, American urban planning expert Robert Brosnan has said.
Cabinet clears real estate bill; repeat offences may land developers in jail
Jun 05, 2013
DELHI: The Cabinet on Tuesday cleared the Real Estate (Regulation and Development) Bill that provides for the creation of a regulator for the sector and tighter norms for selling housing projects.
Property sellers without PAN face 20% tax hit
Jun 02, 2013
Those selling immovable property without disclosing their permanent account number ( PAN) are in for a tough time with the government mandating a 20% tax deduction at source (TDS) in such transactions.
Mumbai Metro pushes property values in Ghatkopar and Andheri
Jun 01, 2013
The upcoming Mumbai Metro, which has been in the news for a long time, will finally be running across the city in another six months.
Mumbai leaseholders opt for govt’s one-time premium offer
Jun 01, 2013
Plot holders are latching on to the state’s move to offer its leased lands on occupancy basis. While 22 plot holders in the suburbs have opted for the option, only six have chosen the other preference that involves renewal of lease by paying revised lease rents.
DLF targets new sales booking of more than 50% in FY'14
Jun 01, 2013
Realty major DLF LtdBSE -5.41 % today said it is targeting more than 50 per cent jump in new sales booking to Rs 6,000 crore in the 2013-14 fiscal.

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