Latest Realty News

Mall space in Chennai to see momentum after LS elections
Mar 26, 2014
CHENNAI: The mall space in Chennai is expected to see an improvement in momentum after the Parliament elections as there might be some policy changes on the anvil for the retailers, according to commercial real estate services firm Cushman & Wakefield.
Oberoi Realty, Kalpataru in race for Tata Steel plot
Mar 25, 2014
MUMBAI: Real estate developers Oberoi Realty and Kalpataru have emerged front runners in a race to acquire Tata Steel’s 25-acre plot here.
Realty companies wake up to brand value, challenge infringement
Mar 25, 2014
MUMBAI: Real estate developers in India have started challenging possible infringement of their brand names established over the years, joining their counterparts in sectors such as pharmaceuticals and consumer goods that are known to make serious efforts to promote and protect their distinctive identities.
Panchshil signs brand licensing for premium residential projects
Mar 25, 2014
PUNE: Pune-based real estate developer Panchshil Realty, has signed brand licensing agreement with another real estate Pune based developer Elite Landmarks to develop mid size apartments in Pune. According to Panchshil, this is a first-of-its-kind brand licensing in India.
IDFC Alternatives mops up ?750 crore for maiden realty fund
Mar 24, 2014
MUMBAI: IDFC Alternatives, a wholly owned subsidiary of infrastructure finance company IDFC, has raised Rs 750 crore from domestic investors for its maiden real estate fund. The performance, despite the slowdown in the economy, exceeded the company’s expectations.
G L Raheja, real estate tycoon, passes away in Mumbai
Mar 19, 2014
MUMBAI: Real estate developer G L Raheja who created a Rs 11,000 crore construction firm run by him and his son passed away on Tuesday leaving behind an unfinished legal family battle over control.
Concern on Ukraine hits pharma stocks
Mar 19, 2014
MUMBAI: Tension between Russia and Ukraine over the Crimean region is weighing on the shares of select Indian health care companies with business interests in that region
‘Real estate prices will rise 5-15% over six months after elections’
Mar 18, 2014
MUMBAI:Probably the only real estate developer in Mumbai offering office space from 1,500 sq ft to 80,000 sq ft (on a single floor plate), the Marathon Group has managed to ride the slowdown in commercial real estate by pioneering the concept of small office spaces for start-ups and large floor plates for multi-national companies in the city.
Jung plans facelift operation for DDA
Mar 15, 2014
DELHI: A thorough restructuring is in store for the Delhi Development Authority. According to information issued by Delhi LG’s office, an exercise will be carried out “not just to revamp the DDA but to equip it with modern processes to enhance its efficiency.”
Taurus Investment Holdings draws up Rs 1,200-crore scheme near Technopark
Mar 14, 2014
THIRUVANANTHAPURAM: German-Amercian commercial real estate developer Taurus Investment Holdings has drawn up a Rs 1,200-crore scheme for developing a downtown mode social infrastructure close to Kerala's IT hub Technopark here.
Global efforts to standardize local realty business
Mar 14, 2014
AHMEDABAD: A section of analysts believe that micro-market businesses must adopt global best practices uniformly, to give a facelift to the sector and make the business more transparent. One such recent attempt has been made to standardise property measurement globally and the premise has been that the major demand drivers, like international investors and global occupiers, make it necessary to adopt uniform global norms. How far is this feasible?
Election code of conduct hits realty firms
Mar 13, 2014
DELHI: Real estate developers say they are facing cost escalation on several residential projects across cities as officials are holding back routine approvals citing the election code of conduct.
Bharathi hits Bangalore roads in her luxury cab
Mar 11, 2014
BANGALORE: Bharathi Veerath is Google-funded luxury cab service Uber's first woman driver.Veerath took Biocon CMD Kiran Mazumdar-Shaw for a spin in her brand new Ford Fiesta and received a pat for her driving skills. "Great to see Uber getting women drivers on board -- just met Bharathi, a very confident n safe driver. All the best!" Shaw tweeted after the joyride in the Biocon campus.
Markets high on Modi, but wary of hangover
Mar 08, 2014
MUMBAI: Stock market indices jumped to record highs on Friday as foreign institutional investors (FIIs) stepped up purchases of domestic shares, encouraged by stability in the rupee. The Sensex clocked a record for the second straight session while the Nifty surpassed its previous high of December 9 last year. But not everyone on the Street was rejoicing as the rally was led by battered domestic sectors such as banks, real estate and infrastructure, a deviation from the usual leaders such as inf
Sensex, Nifty end nearly 2 percent up; banking, realty stocks rally
Mar 08, 2014
MUMBAI: The Nifty rose as much as 2.1 percent to a record high, and the Sensex hit its record for a second consecutive session, as foreign investors bet big in a country that just months ago was gripped by market turmoil.
Sensex scales new peak in pre-election rally
Mar 07, 2014
CHENNAI: Call it the Modi effect or a pre-election rally — the BSE Sensex hit an all-time high of 21,525 and closed at a historic high of 21,513.87 on Thursday, a day after the Election Commission announced the schedule for the 2014 Parliamentary elections.
Cuffe Parade flat fetches Rs 30 crore in public auction
Mar 06, 2014
MUMBAI: A prominent businessman outbid others at a public auction in the Bombay High Court on Tuesday with his offer of Rs 30.50 crore for a sea-facing Cuffe Parade flat. The 3,000 sq ft apartment in Maker Towers B was put up for auction following insolvency proceedings against a city businessman who owned the flat. The flat was thus sold for Rs 1.01 lakh per sq ft.
How inflation impacts the property market
Mar 06, 2014
DELHI: It is interesting to note how most people think of inflation. The most prevalent concept of inflation is what happens to spectators at a cricket match. At some point during the match, the people in the front rows of the stadium rise to their feet to get a better glimpse of what is happening on the field. As a result, the spectators in the back rows cannot see the action clearly so they rise too. Very soon, everyone is on their feet.
Tata Housing to invest Rs 1,200 cr in retirement homes
Mar 04, 2014
DELHI: Tata Housing today said it will invest Rs 1,200 crore over the next five years on developing 13 housing projects for senior citizens.
Slowdown forces builders to diversify
Mar 04, 2014
BHUBANESWAR: With the real estate sector slowing down, small-time real estate developers in the city are diversifying into add-on ancillary businesses. They have ventured into electric appliances, electronic goods, sanitary and home fittings and other FMCG (fast moving consumer goods).
Ramky Infrastructure in talks to raise Rs 900 crore from assets sale
Feb 28, 2014
HYDERABAD/MUMBAI: Hyderabad-based infrastructure company Ramky InfrastructureBSE 4.89 % is in negotiations with private equity fund Morgan Stanley Infrastructure Partners and structured investment group of the Ajay Piramal group to sell three of its road assets to raise funds and cut debts. The company plans to raise Rs 900 crore from the sale of assets. These assets include Ramky Elsamex, Sehore Kosmi Tollways and NAM Expressway. The infrastructure company has appointed ICICIBSE 0.13 % Securiti
Institute of chartered accountants of India to hold conference on real estate income tax and service...
Feb 28, 2014
INDORE: The Institute of chartered accountants of India is organising a one day conference here on March 1.
Central India's first property show
Feb 28, 2014
INDORE: Moving forward with the traditions of excellence and innovations, Credai's (Confederation of Real Estate Developer's Associations) Indore chapter once again brings a property show- 2014. Being organized from the last two years, this property fair has got tremendous response from people and the critics. Forming its chain of success, Credai this year is entering into its third edition. From 28th February to 2nd March, this three-day event will be held in Indore.
Crime branch attaches properties of Bharat developers
Feb 28, 2014
PANAJI: Following a court order, the crime branch attached four flats belonging to Bharat Developers and Realtors Private Limited which had constructed Ruby Residency, that collapsed, killing 31 persons in Cancona.
Unitech says servicing LIC loan; to clear it by March-end
Feb 27, 2014
MUMBAI: Real estate developer UnitechBSE -2.97 % has claimed that it has been regularly servicing the Rs 200-crore loan it had taken from LIC, even though a senior official of the life insurance major said they are looking into the account as it is a very serious matter.

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