Latest Realty News

Kerala relaxes land rules for issuing title deeds
Dec 27, 2013
THIRUVANANTHAPURAM: In a relief to settlers in highland areas, the Congress-led UDF Government in Kerala has decided to waive restrictions on transaction of farmland held by them as part of the condition for issuing title deeds.
Downside of ‘wait & watch’ syndrome for home buyers
Dec 27, 2013
DELHI: Buyer paralysis – or, as it is popularly known these days, the ‘wait-and-watch’ syndrome – is one of the main reasons today why aspiring home owners do not make their move. There are various reasons why people prefer to sit on the fence rather than in their dream home. Probably the most significant one is the negative market messaging via various information channels.
Real estate firms funded SAD: RTI data
Dec 25, 2013
CHANDIGARH: It's official. The great Indian real estate boom is the secret of Badal-led Shiromani Akali Dal's cash-surplus bank account.
Office space absorption in Bangalore lower in 2013
Dec 22, 2013
BANGALORE: Bangalore witnessed a large drop in office space absorption of 39 per cent in 2013 as compared with last year. The city office space absorption this year is around 45.76 lakh square feet as against 75.17 lakh square feet last year.
For old world collectors, a painting was more than property
Dec 21, 2013
MUMBAI: Long before art was viewed as an investment, valued as arbitrarily as a high-rise flat (with plunge pool), there were two small art galleries in the city, Chemould and Pundole. Both opened in 1963, in old-world Fort, before Flora Fountain became Hutatma Chowk. Both were run by Parsis, the Gandhys and the Pundoles who, also coincidentally, started as framers. Both shared a healthy rivalry and a simple motive--to nurture artists and sell paintings.
Vedic Realty to invest Rs 2,500 cr
Dec 21, 2013
KOLKATA: Kolkata-based Vedic Realty Pvt Ltd plans to invest nearly Rs 2,500 crore for setting up an 18-hole golf course, with an integrated IT township. The investment will be through 25 per cent debt and 75 per cent equity.
Bangalore IT investment region plan hit by rising land price
Dec 20, 2013
BANGALORE: Karnataka's plan to build a new information technology hub close to the new international airport on the outskirts of Bangalore is yet to take off, with slow pace of land acquisition exacerbated by rising land costs.
Joyalukkas Ventures into Real Estate Biz
Dec 20, 2013
KOCHI: Jewellery retailer Joyalukkas group ventures into the real estate sector with Joyalukkas Lifestyle Developers.
Sand mining crackdown to hit real estate industry
Dec 20, 2013
AHMEDABAD: The stopping of sand mining in Gujarat is expected to dent the construction industry in a major way. Following National Green Tribunal's (NGT) order, builders in the state are expecting the cost of raw materials to hit the roof.
Realtors expect positive sentiment from RBI's bold policy move
Dec 19, 2013
DELHI: Real estate developers and property consultants today hailed RBI's decision to not raise the key policy rates, saying that the bold move by the apex bank would infuse positive sentiments in the property market.
Real estate: Soft launches can lead to a hard landing
Dec 16, 2013
MUMBAI: With the festival season turning lacklustre and with the RBI clampdown on 80:20 payment schemes and its variants, a good number of developers are increasingly opting for 'pre-launch' to lure buyers and to get their cash flows going. There is even a fancy name to this called 'soft launch'. Home buyers are flocking towards such schemes, unaware that the risks are greater than the discounts dangled before them. Legal experts term this 'illegal' while property consultants advise buyers to st
Conversion of land use disallowed
Dec 16, 2013
DELHI: The Supreme Court last week dismissed appeal of Oswal Agro Mills Ltd against the judgment of the Bombay High Court which had quashed the sanction accorded by the Municipal Corporation of Greater Mumbai for construction of a residential cum commercial complex in its land in Chembur, in the heart of the metropolis. The high court had asked the municipal commissioner to consider the objections raised by the Police Department, Ministry of Petroleum, Ministry of Environment and Intelligence Bu
Blanket ban on extraction of ground water in Noida impractical
Dec 14, 2013
DELHI: The complete ban on extraction of ground water, especially in Noida-Greater Noida regions by the National Green Tribunal (NGT) has come as a major impediment for construction firms.
Small projects in Chennai see faster turnover
Dec 14, 2013
CHENNAI: Large residential projects may grab a lot of attention. Sales here may indicate market trends but developments offering a handful of apartments in a plot of a couple of grounds, a characteristic of Chennai, continues to attract buyers in prime locations. Developers focussing on this segment have set their eyes on faster turnaround.
Panchsheel anounces the launch of ‘Pratishtha’
Dec 13, 2013
DELHI: Panchsheel Buildtech Pvt. Ltd, a leading real estate company of NCR has announced the launch of its prestigious residential project ‘Pratishtha’. Strategically located at one of the booming destinations of Noida, at Sector 75, the project is a perfect combination of modern, luxurious and comfort living.
Proposed sea link to support Navi Mumbai market
Dec 13, 2013
MUMBAI: The proposed 22 km six-lane sea link between Sewri and Nhava Sheva is all set to change the skyline of Panvel as the distance between Mumbai city and Panvel will reduce drastically. With this proposed infrastructural project and development of various offices and corporate houses around Navi Mumbai, the demand for residential properties in Navi Mumbai is expected to increase.
Chennai authorities seal RIL's commercial property
Dec 13, 2013
CHENNAI: A commercial building owned by Mukesh Ambani's Reliance Industries Limited (RIL) in the city has been blocked and sealed by the Chennai Metropolitan Development Authority (CMDA) for the alleged violation of construction norms.
Tata Housing Development gives opportunity to book homes online
Dec 13, 2013
PUNE: Tata Housing Development Company has come out with a unique scheme for home buyers bringing them the opportunity to purchase homes online during the great online shopping festival by Google.
Maximum homes sold are priced under Rs 5,000/sq ft: Research firm
Dec 12, 2013
DELHI: Apartments priced under Rs 5,000 per sq ft account for nearly three out of four homes sold in Mumbai, National Capital Region, Pune, Bangalore and Chennai over the past year, data from real estate research firm Liases Foras shows. While such homes comprised 73% of the total sales in these areas, the figure was an even higher 84% in Bangalore and Pune.
'Launch of new homes falls 12% in 8 cities this year'
Dec 12, 2013
DELHI: Launch of new homes dropped by 12 per cent to over 1.72 lakh units so far during this calendar year in the eight major cities due to cautious approach by developers in view of slowdown in demand, according to global property consultant Cushman & Wakefield.
Why Pune makes a great investment destination
Dec 11, 2013
PUNE: Being one of the fastest growing IT hubs of India, Pune has a cosmopolitan population with good social infrastructure, excellent educational institutes and constantly upgrading physical infrastructure. The city has always been known as the educational capital of India. The infrastructure, financial opportunities and most importantly the climate of Pune make the younger generation want to live here. In addition, its proximity to Mumbai, the financial capital, makes it very convenient to set
Gammon struggles to turn around
Dec 11, 2013
MUMBAI: Gammon India is reeling under many issues common to the infrastructure sector in the past two years -- slow progress of projects, payment crises and reduced spending by the government.
Investors of Hirco Plc raise questions against erstwhile bosses
Dec 10, 2013
MUMBAI: Investors of Hirco Plc, a company listed on London's Stock Exchange's sub-market AIM, are raising serious questions against the firm's erstwhile chairman Niranjan Hiranandani and then CEO Priya Hiranandani-Vandrevala.
Lodha takes big strides amid gloom
Dec 10, 2013
MUMBAI: Late last month, Mumbai-based Lodha Developers hit the headlines when it announced the acquisition of MacDonald House, an upscale property in one of the most sought-after localities in central London which is near the old US embassy, for close to Rs 3,000 crore (£299 million) from the Canadian government. The 0.67-acre property is located in the heart of the city and houses the Canadian High Commission. Once it is completed, the acquisition will make Lodha Developers the owner of one of
Indian employers report positive hiring plans for Q1 in the new year: Survey
Dec 10, 2013
KOLKATA: Indian employers report positive hiring plans for Quarter 1 in the new yearwith the Northern and Western regions showing the strongest job prospects for the quarter ahead, reveals the latest Manpower Employment Outlook Survey released today by ManpowerGroup.

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