Latest Realty News

Supertech verdict may lead to activism in real estate
May 02, 2014
DELHI: Sohan Mishra has been driven to wits' end over a real estate builder reneging on the delivery date of his dream house in Noida. A delay of over one-and-a-half years has forced him to extend his rent agreement. This has strained his finances, as he is also paying back his home loan in fixed monthly installments. However, there is now a glimmer of hope.
CREDAI holds games for construction workers
May 02, 2014
BANGALORE: The Confederation of Real Estate Developers Association of India (CREDAI) celebrated Labour Day by holding athletic games for labourers.
Maharashtra approves proposal to up contingency fund to Rs 2500-crore
May 01, 2014
MUMBAI: To provide relief to farmers suffering crop losses due to hailstorm, the Maharashtra government today approved a proposal to hike the limit of contingency fund to Rs 2,500 crore from Rs 1,000 crore.
Guwahati heritage buildings on shaky ground
Apr 30, 2014
GUWAHATI: A piece of the city's history literally went up in flames as the 103-year-old double-storeyed Rasul Lodge, residence of former president Fakhruddin Ali Ahmed, was gutted in the wee hours of Sunday. The city's remaining heritage structures are struggling to survive and find breathing space in what is rapidly becoming a concrete jungle.
Ability of Indian companies to generate profit declines
Apr 30, 2014
MUMBAI: In FY13, every rupee of investment yielded only Rs 1.06 worth of revenue for India Inc, down from Rs 1.20 in March 2008 at the height of the economic boom. The bad news doesn’t end only at the steady decline in revenue yield for companies, led by mainly those in construction and infra, realty, metals and mining, telecom and the power sector. The infrastructure and real estate boom proved too costly for Indian companies.
DLF office leasing up 50% in FY14 to 3 million square feet
Apr 29, 2014
DELHI: DLF LtdBSE 1.14 %, India's largest real estate company, said it has leased out a 3 million square feet of office space in 2013-14 with many marquee MNCs and Indian companies despite slowdown in economy.
Wentworth Estate of Harrisons Malayalam Ltd bags awards in all categories in the Golden Leaf India A...
Apr 12, 2014
KOCHI: Wentworth Estate of Harrisons Malayalam Ltd, R P Sanjeev Goenka Group which produces Goldsland and Goldsland Select tea brands has bagged awards in all categories {leaf, fannings and dust) in the Golden Leaf India Award (TGLIA). The award was held in the background of Global Dubai Tea Forum, Dubai.
Cyrus Mistry's family owned company accuses its attorney of fraud, illegal land sales
Apr 12, 2014
HYDERABAD: A company owned by the family of Tata Sons chairman, Cyrus P Mistry, has accused the attorney it hired to take care of issues related to properties it bought from the Hyderabad Nizams of fraudulently selling them.
Singapore-based realtor to invest Rs 200 cr in Lucknow project
Apr 12, 2014
LUCKNOW: Singapore-based real estate developer Azea Property Investment (API) today announced to invest Rs 200 crore in a housing project in Lucknow. The project 'Azea Botanica' spread over 6.5 acres of land would be completed by 2016.
Sobha Developers' sales bookings rise 6 pc in FY14 to Rs 2,343 crore
Apr 11, 2014
DELHI: Realty firm Sobha Developers' sales bookings rose by about 6 per cent to Rs 2,343 crore in the last financial year on higher realisation but missed its target due to the slowdown, especially in the NCR-Gurgaon region.
Buying a property? Pick one before elections are over
Apr 11, 2014
DELHI: Discounts and offers from real estate developers are common, but this Navaratra was extra special with builders going over the top—bigger discounts, a variety of flexi-payment plans and freebies to attract buyers. The reason? The property market is witnessing a glut. According to Cushman and Wakefield, there was a 12% drop in new launches in the top eight cities and yet the supply is more than demand. Prices have remained flat (even fallen in some specific pockets) for quite a few months,
Bangladeshi realtor dies within hours of liposuction in Kolkata
Apr 11, 2014
KOLKATA: Janab Safiuddin Mahmud, a Bangladeshi real estate developer died in a Kolkata hotel on Thursday just hours after he underwent liposuction at one of south Kolkata's private hospitals.
Malls set to get larger
Apr 11, 2014
DELHI: Real estate developers and retail planners are working on mall designs which are much more spacious than hitherto
HDIL hits 52-week high on Credit Suisse stake buy
Apr 11, 2014
MUMBAI: Housing Development and Infrastructure (HDIL) is trading higher by 2% at Rs 77.20 in an otherwise weak market after Credit Suisse (Singapore) bought over 2 million shares of the Mumbai-based real estate developer for Rs 16 crore through an open market transaction.
Pricey realty deals: Cipla's Yusuf K Hamied & KKR's Sanjay Nayar buy Breach Candy’s Sea Face Park ho...
Apr 09, 2014
MUMBAI: Drug major Cipla's Yusuf K Hamied and private equity giant KKR's Sanjay Nayar have bought sea-facing 3-bedroom apartments in Breach Candy's Sea Face Park in South Mumbai, in what are the second most expensive apartment deals across the country.
Realtors defer launching of new projects for polls
Apr 07, 2014
BHUBANESWAR: The realtors in the city have deferred launching of new projects as the consumers are pulsated with impending polls in the state and are awaiting the formation of a new government.
Open spaces a premium attraction in residential complexes
Mar 31, 2014
COIMBATORE: Every evening Shyam Veluswami and his friends play an hour of badminton in the indoor court situated on the first floor of the marble, wood and glass three storey club house in Shobha Harishree residential community. Very often, as he walks out, he waves a hello to his mother who takes an evening walk with two of her friends on the walking track provided around the community or just sits down for a chat on one of the benches provided along the roads.
Builder's office burgled in Chandlodia
Mar 29, 2014
AHMEDABAD: A real estate developer's office in Chandlodia was burgled on Thursday. Police have started questioning the office staff to get clues.
Hiranandani emerges as highest bidder for Hirco Plc’s township in Chennai
Mar 28, 2014
MUMBAI: Real estate developer Hiranandani Group has emerged as the highest bidder for Hirco Plc's township in Chennai which was auctioned by the lender Housing Development Finance CorporationBSE -1.85 % earlier this month to recover its dues, said three persons familiar with the development.
Godrej Properties adds new residential project in Chennai
Mar 28, 2014
MUMBAI: Mumbai based real estate developer Godrej Properties has entered into a partnership SSPDL Green Acres LLP to develop a residential project at Old Mahabalipuram Road (OMR), Chennai.
IT czars pip real estate barons in list of richest candidates
Mar 28, 2014
BANGALORE: For the first time in many years, it is not politicians with interests in real estate or the mining industry who are topping the wealth charts in the list of candidates who have filed their nominations for the 2014 Lok Sabha polls from Karnataka.
Indian IT firms expect revenue boost from US
Mar 27, 2014
BANGALORE: As more and more American manufacturing companies shift production to the US and reduce their reliance on low-cost labour in China, Indian technology outsourcing companies are expecting a big boost in revenues from their manufacturing clients.
Oberoi Realty jumps after winning Tata Steel Mumbai land
Mar 26, 2014
MUMBAI: Oberoi Realty jumped 11.22% to Rs 221 at 9:35 IST on BSE after the company said it was declared the highest bidder at the auction of about 25 acres of land parcel owned by Tata Steel in Borivali, Mumbai.
Nifty holds 6,600; defensives drag
Mar 26, 2014
MUMBAI: Markets have come off day highs as weakness in names like ITC, TCS and HDFC Bank weighed on the indices.
Prestige Estates drops after recent rally
Mar 26, 2014
MUMBAI: Prestige Estates Projects lost 1.15% to Rs 164 on BSE, with the stock sliding on profit booking after recent rally.

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