Latest Realty News

Ensure quality construction of DDA flats: Lt Governor Najeeb Jung
Jan 11, 2014
DELHI: Lt Governor Najeeb Jung has directed the Delhi Development Authority officials to pay special attention on the quality of DDA flats so that there are no complaints from consumer.
CCI rejects abuse of dominance complaint against Akshaya
Jan 11, 2014
DELHI: The Competition Commission has dismissed allegations of abuse of dominant market position against real estate developer Akshaya Private Ltd with respect to residential markets in Tamil Nadu.
Housing sales down 33% in Chennai in 2013; prices up 5-7%
Jan 10, 2014
CHENNAI: Sales volume in the real estate sector in the city during the last one year witnessed a 33 per cent decline owing to the impact of global slowdown due to high inflation and negative buyer sentiments, research firm Knight Frank said today.
Sales volume in real estate sector in Chennai declines: Study
Jan 10, 2014
CHENNAI: Sales volume in the real estate sector in the city during the last one year witnessed a 33 per cent decline owing to the impact of global slowdown due to high inflation and negative buyer sentiments, research firm Knight Frank said today.
Panel for expansion of registration requirement of CERSAI
Jan 10, 2014
DELHI: A working group appointed by Central Registry, CERSAI, has advocated for expanding scope of registration to movable assets including jewellery as well.
Office leasing activity in Delhi-NCR picked up pace in October-December 2013: CBRE
Jan 09, 2014
DELHI: Absorption of prime office space in the National Capital Region (NCR) grew around 14% in the October-December 2013 quarter compared to the previous quarter, touching 1.7 million sq ft, according to property consultancy CBRE. The previous quarter saw a total leasing of 1.5 million sq ft.
Indiareit raises Rs 1000 crore for domestic property fund
Jan 09, 2014
MUMBAI: Indiareit Fund Advisors, the real estate private equity arm of India's Piramal Enterprises, has raised Rs 1000 crore ($160.5 million) from investors within the country, the company said.
Sebi disposes case against Real estate firm Hubtown after settlement
Jan 09, 2014
MUMBAI: Real estate firm Hubtown Ltd, formerly known as Ackruti City, has paid Rs 2 lakh to settle a Sebi probe into alleged irregularities with regard to correct disclosure of promoter shareholing in the company.
City to witness property carnival
Jan 09, 2014
VADODARA: Vadodara chapter of the Confederation of Real Estate Developers Associations of India (CREDAI) will hold a three day property carnival in the city from Friday. The event will see participation from over 80 realtors.
Brigade Group buys 2.25 acre plot in Bangalore for Rs 69 crore
Jan 08, 2014
DELHI: Realty firm Brigade Enterprises has bought 2.25 acres of land in Bangalore from Hindustan Coca-Cola Beverages for almost Rs 69 crore.
LARR Act: NAREDCO suggests amendments
Jan 08, 2014
DELHI: The intent of the Act seems to set standard norms for the transfer of land in order to free such deals of any dispute and thereby facilitate land transfers. However, the terms laid out within the Act are impractical and bound to result in avoidable delays and exponential cost increases, which defeat the very purpose of the Act.
Hike in ready reckoner rates is anti-middle class: CREDAI Pune
Jan 07, 2014
PUNE: The Confederation of Real Estate Developers' Association of India (CREDAI) Pune and Maharashtra termed the recent changes to the ready reckoner by the State Government as anti-middle class.
ANMI Convention on sustaining growth in turbulence
Jan 07, 2014
DELHI:Focusing on the twin issues of domestic investors’ role and challenges for regulators, the Association of National Exchange Members of India (ANMI) will hold its 7th annual international convention on January 10 and 11, 2014 in the capital with the theme being “Sustaining investment growth in turbulent economic scenario”.
12% drop in new residential project launches in 2013 as over last year
Jan 07, 2014
MUMBAI: There has been a drop of 12% in new residential project launches in 2013 as over last year, a latest report from international property consultants Cushman & Wakefield says. The total estimated unit launches were recorded at 172,500 units across major eight cities of India with Bengaluru recording the largest number of units launched recording a rise 15%. Chennai on the other hand saw the sharpest decline in launches of new residential units which represented a drop of 39% over last year
Sobha Developers' Q3 sales bookings fall by 6 pc to Rs 502 crore
Jan 05, 2014
DELHI: Realty firm Sobha Developers' sales bookings fell by 6 per cent in the third quarter ended December 2013 to Rs 502.3 crore due to lower sales volumes because of a slowdown in the real estate market.
Fringe areas record real estate boom, Kolhapur lags
Jan 04, 2014
KOLHAPUR: The fringe areas of Kolhapur have recorded more real estate growth than the heart of the city, reveal statistics available with the sub-registrar office where all sale deals are registered. Riding high on lower rates, the fringe areas have reported higher percentage of sales deals of properties, primarily flats and plots than those in the core city area.
Office space absorption in Apac: Bangalore to be ‘2nd-most sought after’
Jan 04, 2014
BANGALORE: Bangalore is expected to see the second-highest office space absorption in Asia Pacific (Apac) region for 2014 after Tokyo, according to real estate services firm Cushman & Wakefield. According to the report, the southern metropolis is set to absorb 5.6 million square feet (msf) office space, a growth of 16% over the previous year, with most of the demand coming from the expansion of the IT, ITeS industry.
Novartis India strikes 8.7 lakh square feet office space deal in Hyderabad
Jan 03, 2014
BANGALORE: Pharmaceutical firm Novartis has picked up 8.7 lakh square feet of office space in Hyderabad in a bid to consolidate its operations in the city.
Developers optimistic of revival in realty sector in 2014
Jan 03, 2014
DELHI: With high property prices and costlier borrowing hitting real estate, developers are hoping for a reversal of the slowdown in the new year and sales picking up post general elections.
Bangalore likely to top country’s office space demand this year: Cushman & Wakefield
Jan 02, 2014
MUMBAI: India is likely to witness the second highest demand for office space in 2014 among the top 30 cities in the Asia-Pacific region, according to a report by property consultancy Cushman & Wakefield, which says Bangalore is expected to be the biggest market in the country due to the expansion of IT, ITeS and multinational companies.
Maharashtra hikes ready reckoner rates by up to 20%
Jan 01, 2014
MUMBAI: Despite falling sales volume due to already unaffordable housing prices, the Maharashtra government has hiked ready reckoner rates by up to 20% in Mumbai, the most expensive property market in the country.
Developers optimistic of revival in realty sector in 2014
Jan 01, 2014
DELHI: With high property prices and costlier borrowing hitting real estate, developers are hoping for a reversal of the slowdown in the new year and sales picking up post general elections.
Time to invest in ‘metros’ for better realty returns
Dec 31, 2013
MUMBAI: Many investment experts believe that real estate investors could be in for a good time in the coming year. "It is a good time to invest in the real estate space. If you are getting a good entry price, you should definitely invest during the period between January and the monsoon of 2014," says Sanjay Dutt, executive managing director, Cushman & Wakefield. Some are asking their clients to consider investing before the general elections next year. If you are sitting on money for a long tim
‘Don’t treat aerospace park in Bangalore as a real estate project’
Dec 31, 2013
BANGALORE: The aerospace industry in Bangalore has the potential to achieve $20 billion in revenues over the next 10 to 15 years if the state government is able to nurture an ecosystem that attracts global companies, said the India head of UTC Aerospace Systems (UTAS).
Real Estate Promoters in Chennai,Chennai Real Estate,Real Estate Developers in Chennai
Dec 31, 2013
CHENNAI: The Consumer Disputes Redressal Forum, Chennai (South) has ordered a real estate promoter to refund the amount deducted as cancellation charges from the installment paid by a woman who had booked an apartment in a project mooted by the firm in 2008.

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