Latest Realty News

Real estate's top marketer
Feb 27, 2014
DELHI: Executives in the offices of the Lodha Group, Mumbai's premier real estate developer, describe their managing director, Abhishek Lodha, as a 'workaholic'. He works late till 1 or 2 am and then beats them to the office in the morning. Lately, however, they are missing his constant presence in the office in Mumbai's Mahalaxmi area. Lodha has been travelling to London frequently these days after the group bought properties worth Rs 3,900 crore in the British capital.
Fearing Loss, Realtor Ends Life with Wife and Daughter
Feb 24, 2014
TIRUNELVELI: A realtor, who was depressed as he could not get back the amount that he gave as loan to a few persons, committed suicide along with his daughter and wife by setting fire to themselves inside a van in Palayamkottai on Saturday.
‘Govt should protect early flat buyers from unfair developers’
Feb 24, 2014
MUMBAI: Rogue developers around the city are making a killing while victimizing people who book their flats early. In Bandra (West), a developer recently refunded money to buyers who booked flats three years ago. The building, located in a bylane, had already reached up to the eighth floor. Market sources said the developer may sell the project to another builder, while purchasers are left in the lurch.
DKS Bought Allotted Land, Says Hiremath
Feb 22, 2014
BANGALORE: Declaring that he would meet the Governor soon to demand action against Energy Minister D K Shivakumar, social activist S R Hiremath on Friday accused the minister of buying 10 acres of land allotted for a layout in Kodigehalli.
Telangana: Win-win situation for Hyderabad realty?
Feb 20, 2014
HYDERABAD: The Telangana Bill passed by Lok Sabha is being viewed by mixed feelings by various stakeholders, but it is still too early to gauge its impacts on the real estate industry. That said, it is likely to end the political uncertainty that Hyderabad has been facing for the past few years. The outcomes are still unclear, but Brand Hyderabad is not likely to be overly affected as it is planned to serve as a joint capital for ten years.
Mumbai builder Lodha Group buys second building on Carey Street in London for Rs 1,000 cr
Feb 19, 2014
MUMBAI: Mumbai builder Lodha Group has bought a second building in London for over 90 million pounds, or around Rs 1,000 crore, in the space of three months. In November, the group had acquired MacDonald House in central London which housed the Canadian consulate in UK, for over 306 million pounds or Rs 3,120 crore.
Hyderabad realty heaves a sigh of relief
Feb 19, 2014
HYDERABAD: The 'sick' realty sector in Hyderabad heaved a huge sigh of relief on Tuesday, with the Parliament finally giving its nod to the T bill. Developers and realtors alike, rejoiced the end of political uncertainty in the city, which they stressed was at the root of the crisis prevailing in the property market over the last few years.
Is metro a panacea to Pune’s commuting woes?
Feb 18, 2014
PUNE: The in-principle approval of the Pune metro rail project heralds the possibility of an infusion of new life into the city’s challenged infrastructure. The metro has the potential to overcome the limitations of Pune’s road network.
Correct portfolio mix can increase returns
Feb 18, 2014
DELHI: To optimize an investor's returns from a portfolio and minimize the risks in it, there should be a correct mix of investment options. And such options could include mutual funds (both debt and equity), fixed deposits (FDs), insurance, gold and real estate.
Realtors irked over financial body status
Feb 18, 2014
BHUBANESWAR: Registration of houses, as required after sale, has come to a grinding halt in the state following a recent government order putting realtors in the bracket of financial establishments.
Real estate businessmen from Bangalore found murdered in Kollegal forests
Feb 15, 2014
BANAGALORE: Two real estate businessmen, who had gone missing from the city last week, have been found brutally murdered in Kollegal forest region in Chamrajanagar district.
DLF net profit almost halves to Rs 1.45 billion
Feb 15, 2014
DELHI: DLF Ltd India's top real estate developer, reported quarterly net profit almost halved, hurt by a one-off loss, although the profit was slightly ahead of analysts' estimates.
Builders get notices for 'illegalities' in sale of flats
Feb 15, 2014
THANE: The Bombay high court bench of Justices S J Vazifdar and B P Colabawala recently issued notices to the state chief secretary, leading developers, Income-Tax and municipal commissioners of Thane and Mumbai seeking a response to social activist Vikrant Karnik's letter alleging illegalities in sale of flats.
DLF may not gain much from stake sale in Aman Resorts
Feb 12, 2014
DELHI: The stake sale in Aman Resorts may not have a significant impact on the earnings of real estate developer DLF. Despite several asset sales in the past, DLF's stock has halved in the past one year due to the company's weak operational and financial performance.
Lodhas repay Rs 825-Cr debt through NCDs
Feb 11, 2014
MUMBAI: Realty developer Lodha Group has repaid debt worth Rs 825 crore it had raised by issuing non-convertible debentures in early 2012. Investors of these privately-placed debentures included retail investors and large institutions such as the Citigroup, Kotak Mahindra BankBSE 0.61 % and Deutsche Bank.
Pune's Guardian Corpn forays into media, entertainment biz
Feb 11, 2014
PUNE: Guardian Corporation has made a foray into media and entertainment businesses with the establishment of Guardian Media and Entertainment.
Realtors seek tax breaks for home buyers, builders to beat sluggish demand
Feb 11, 2014
DELHI: To beat a sluggish demand, real estate developers have sought tax breaks for home buyers and builders that could help boost sales as well as speed up new launches.
Services sector contracts for 7th straight month: PMI
Feb 08, 2014
DELHI: In January, India’s services sector contracted for a seventh consecutive month, showed the HSBC Purchasing Managers’ Index (PMI).
Decision to blacklist Cyprus for not providing tax data will hit developers and realty funds
Feb 07, 2014
MUMBAI/BANGALORE: India's recent decision to blacklist Cyprus for not providing tax data will hit developers and realty funds. Investors who have routed their funds through Cyprus are likely to face a big decline in returns as developers will now be expected to withhold higher tax amounts. So far, these investments were structured around 10% withholding tax, which is likely to jump to 30%.
India to get first Conrad in Pune
Feb 07, 2014
PUNE: Hilton Worldwide will open its first Conrad hotel in India in 2015 under a management contract signed with K Raheja Constructions Group. The luxury hotel is currently under development in Pune and would be the 24th Conrad hotel in the world. The brand targets the “global elite”.
Sensex hits lowest level in more than 10 weeks
Feb 07, 2014
MUMBAI: Key benchmark indices extended losses and hit fresh intraday low in afternoon trade. The barometer index, S&P BSE Sensex, hit its lowest level in more than 10 weeks. The market breadth, indicating the overall health of the market, was negative. The Sensex was down 209.24 points or 1.02%, off about 176 points from the day's high and about 5 points from the day's low. The market sentiment was hit adversely as the government revised downwards the GDP growth rate for the year ended 31 March
Kolte-Patil Developers completes acquisition of land in Pune for Rs. 350 crore
Feb 06, 2014
MUMBAI: Pune-based real estate developer Kolte-Patil has completed the acquisition of a 34 acre land parcel at Wakad, Pune for approximately Rs. 350 crore.
Krishna Homes launches three luxury projects in Bangalore
Feb 06, 2014
BANGALORE: Krishna Homes, real estate business of KEPL Corporation is geared up to welcome new year with three super luxury, niche projects in North Bangalore in the first quarter of 2014 signalling the aggressive growth plans of Real Estate sector in the upcoming year.
Gujarat Confidential: Helping hand
Feb 06, 2014
AHMEDABAD: Helping hand-Vadodara Mayor Bharat Shah turned Good Samaritan on Tuesday by lending a helping hand to victims of an accident. In the morning, while he was on his way to a private function, Shah witnessed an accident that involved a straight collision of about five vehicles on the Jail Road. An auto-rickshaw carrying two lady passengers suffered the maximum impact, with the women sustaining grievous injuries. Shah, who was also accompanied by BJP city president Bharat Dangar, immediate
Rent in Bhubaneswar nosedives as demand hits low
Feb 05, 2014
BHUBANESWAR: The rental market in the city has hit a downward spiral. Houses in several localities in the state capital are now available at rents lower compared to that in even district towns.

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