Latest Realty News

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.
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.
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
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.”
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.
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).
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.
‘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.
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.
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.
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.
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%.
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
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.
Supreme Court verdict on private forest to pave way for real estate development: Credai
Feb 04, 2014
MUMBAI: The Supreme Court's direction to the Maharashtra government to remove "private forest" tag attached to huge land parcels across the state is likely to give a push to development of real estate in such vacant areas, according to real estate developers' body Credai.
'Teen Patti', drawing on real estate card game
Jan 29, 2014
KOLKATA: In a change of the theme of the Bollywood caper, which had featured the Big B and Ben Kingsley, the Bengali Teen Patti is quintessentially Kolkatan, as a crimer thriller starring the new Tolly heartthrob Ritwik and Puja Bose.

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