Latest Realty News

Supreme Court orders builder to repay Rs 33 crore maintenance fees
Sep 03, 2014
Dealing a blow to builders who don't deliver on promises, the Supreme Court has asked a developer in Gurgaon to refund residents Rs 33.38 crore — 70% of the maintenance fees it had collected since 2002 - for failing to provide the amenities it had committed to at the time of purchase
Government appoints committee to study SRA in Lake City
Sep 02, 2014
Chief minister Prithviraj Chavan paved the way for implementation of the Slum Redevelopment Authority (SRA) scheme in Thane city on the lines of Mumbai SRA ahead of elections
Boost for builders in new land rule
Aug 30, 2014
In a decision that will help real estate developers use agricultural land, the Uttar Pradesh government on Friday cleared a decision to allow urban land fragmentation in the state. With this, real estate developers will now be allowed to convert pockets of agricultural land for residential or industrial use
Delhi HC asks Centre to clarify stand on amended Delhi Rent Act
Aug 28, 2014
The Delhi high court on Tuesday asked the new government at the Centre to clarify its stand on the implementation of the amended Delhi Rent Act, 1995
Tired of infrastructure woes, Mayfield residents march to DC's office
Aug 28, 2014
Residents of Mayfield Garden on Wednesday held a protest march from Rajiv Chowk to deputy commissioner Shekhar Vidyarthi's office in old city, for being denied power connection due to the apathy of the developer as well as power discom and local authorities
Realtor pays Rs 7.35cr to I-T department
Aug 23, 2014
A leading land developer and builder of the state capital has paid Rs 7.35 crore to the income tax (I-T) department as part-payment of the tax and penalty imposed on him
Realtors upbeat about smart city plan, Say It Will Revive Sluggish Market
Aug 19, 2014
Amid indications that almost all state capitals may be part of the Union government's 100 smart cities' plan, real estate developers hope the move will help revive the sluggish housing market here
Budget 2014: Higher FDI in realty encouraging
Jul 13, 2014
PUNE: Pragmatic measures to support the country's housing sector proposed in the Budget will encourage developers to plan larger residential projects and attract substantial investments from Indian and overseas investors, real estate developers from the city have said.
Can Arun Jaitley's budget re-energise the real estate sector?
Jul 12, 2014
MUMBAI/BANGALORE/NEW DELH: Finance minister Arun Jaitley on Thursday announced a slew of measures to spur the slackening real estate sector that includes an allocation of Rs 7,060 crore for the development of 100 smart cities, relaxed norms for the entry of foreign capital and tax relief on home loans.
Indiabulls Real Estate rises after large bulk deal
Jul 10, 2014
DELHI: Indiabulls Real Estate rose 0.89% to Rs 86 at 14:13 IST on BSE after 2.29% equity changed hands in a bulk deal on BSE today, 9 July 2014.
SIT to probe Chennai building collapse
Jul 07, 2014
CHENNAI: The Tamil Nadu government on Sunday constituted a special investigation team (SIT) comprising experts in engineering and architecture to conduct a probe into the June 28 multi-storey building collapse in Chennai that claimed 61 lives. The government had earlier ordered a probe by a retired high court judge. In a statement, chief minister J Jayalalithaa said the SIT would be monitored by the Chennai police commissioner and headed by a joint commissioner. " There is a requirement of techn
Construction industry in Telangana, Andhra to stop cement purchase
Jul 07, 2014
HYDERABAD: Real estate developers and builders in both Telangana and Andhra Pradesh have decided to stop purchase of cement from July 5 to 12 if cement companies fail to roll back the steep hike in prices.
Chennai’s OMR not desirable anymore?
Jun 15, 2014
CHENNAI: Even about five years back, reasonable property prices made the micro-market Chennai’s Old Mahabalipuram Road (OMR) a desirable destination, but not anymore. The region has been increasingly losing its sheen among Chennai’s home buyers.
Realtors seek single window clearance system from Modi
May 19, 2014
NOIDA: The real estate sector has jumped on the Modi wave hoping for a revival in fortunes of the under-performing industry. The real estate body of Noida has sent a proposal to Narendra Modi to implement a single window clearance system for new projects to bring in greater transparency.
Political stability will act as a catalyst for revival of realty sector
May 18, 2014
BANGALORE: Real estate sector expects growth to come with clear mandate to one party.“With so much riding on the general elections, we are happy that the results indicate a stable and progressive government coming in place. The last couple of years were not the best years for the Indian real estate, and the slowdown impacted all asset classes,” said Shishir Baijal, Chairman and Managing Director, Knight Frank India.
Remove regulatory overlaps in real estate: Rajeev Talwar
May 18, 2014
MUMBAI: The new central government should primarily look at making life easier for home buyers and real estate developers.
Credai hopes new govt will take pro-growth stance
May 17, 2014
HYDERABAD: The Confederation of Real Estate Developers’ Associations of India (Credai) has congratulated the BJP-led NDA for its victory in the parliamentary elections and hoped that it will take pro-growth stance and ensure revival of the economy and industry.
What Pune real estate can expect from the new government
May 16, 2014
PUNE: Even though the BJP-led NDA government has taken up the driving seat, it is only time that will tell how real estate friendly it turns out to be. Real estate is a sector wherein the State government plays a larger role than the Central government, as every state government has its own policies. At this moment in time, what we can hope for is:
BJP may make retail FDI more investor-friendly
May 16, 2014
DELHI: Contrary to the perception that a Bharatiya Janata Party (BJP)-led government might prohibit foreign direct investment (FDI) in sectors like multi-brand retail, senior bureaucrats believe the FDI regime could be further opened up.
Five ways to check a builder’s reputation
May 13, 2014
MUMBAI: If you are planning to buy a property under construction, don't just go by the brochure claims. A lot depends on the builder's competence and resources. ET lists some checks before you finalise a project.
Only builders, banks gain when you take loan to invest in realty
May 11, 2014
MUMBAI: An acquaintance recently told me that his colleague had bought a flat for Rs 40 lakh and is selling it at Rs 80 lakh. He had made a down payment of only Rs 8 lakh at the time of buying the flat. According to him, real estate was the best investment option. This is something we hear almost every second day as financial planners.
House on fringes, check with BDA
May 09, 2014
BHUBANESWAR: Those planning to purchase a house on the city outskirts beware!The Bhubaneswar Development Authority (BDA) has notified that building plan approval taken from the local panchayat or the block development officer after March 29, 2010, will be treated as “illegal” and “unauthorised”.
Inflation makes rental income underperform
May 08, 2014
BANGALORE: I live in a centrally located area of Bangalore. A canal bifurcates the main road into the ‘rich’ and ‘poor’ areas. On the affluent side of the canal, hotels, restaurants and highrises dot the street. The real estate rates hover between Rs 12,000 and Rs 15,000 a square feet. On the other side – home to a garbage dump – the rates are about Rs 3,000 a square feet.
Rental income rarely outperforms inflation
May 06, 2014
DELHI: I live in a centrally located area of Bangalore. A canal bifurcates the main road into the 'rich' and 'poor' areas. On the affluent side of the canal, hotels, restaurants and highrises dot the street. The real estate rates hover between Rs 12,000 and Rs 15,000 a square feet. On the other side - home to a garbage dump - the rates are about Rs 3,000 a square feet. I clearly know which side of the street offers a better quality of living, but how does one decide which side of the street is a
Builders in Odisha pin hopes on election results to revive sluggish market
May 02, 2014
BHUBANESWAR: Real estate developers are a worried lot as they grapple with the problem of unsold housing stocks piling up. They hope the situation would improve after election results if stable governments come to power at the Centre and in the state.

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