Latest Realty News

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.
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
Global IT firms hunt for properties in Indian cities to expand business
Dec 07, 2013
BANGALORE: Multinational information technology companies are on a property hunting spree across major Indian cities as they expand offices and hire more people to run them. The brisk investment flow has come as a blessing for the real estate sector, which has been struggling with falling sales and rising inventories for the last two year
Realtors keen on getting projects rated: Crisil
Dec 04, 2013
KOCHI: Several real estate developers are showing interest in partnering with Crisil Ratings to obtain certification prior to showcasing their projects before customers, Sachin Nigam, Senior Director – SME Ratings, Crisil Ltd, has said.
Technology driven construction for real estate developers
Nov 18, 2013
DELHI: Engineering in the real estate segment has expedited real estate players to develop propelled national and global infrastructures.
Parsvnath to build township at Gurgaon-Sohna road for Rs 1,100 cr
Nov 13, 2013
DELHI: Parsvnath DevelopersBSE -1.34 % will invest Rs 1,100 crore over the next four years to develop a large, integrated township on Gurgaon-Sohna road.
Stamp duty hike move irks realtors
Nov 12, 2013
BHUBANESWAR: The state government's decision to amend the Indian Stamp Act has drawn flak from real estate developers and builders, who say it would lead to 'double taxation'.
Parsvnath looks to monetise land assets in southwest region
Nov 07, 2013
DELHI: Realty firm Parsvnath DevelopersBSE -0.38 % today said it plans to monetise non-core land parcel in South- West India either through joint ventures with local builders or outright sale of plots.
Flood effect: Realty sector hit as workers in short supply
Oct 30, 2013
BHUBANESWAR: Realtors are keeping their fingers crossed about the impact cyclone Phailin and the subsequent floods are likely to have on the real estate sector.
3-day real estate show gets under way in Hyderabad
Oct 28, 2013
HYDERABAD: Leading property developers, housing finance institutions and banks are taking part in the three-day Property Show 2013, which got underway here on Friday.
Urban mess floods real estate hub
Oct 27, 2013
BHUBANESWAR: Raghunathpur near Patia is fast gaining the notoriety of Sundarpada, which is infamous for waterlogging at compounds of highrises and apartments due to unplanned construction.
Kalpataru Group, Oberoi Realty, Runwal Group and Lodha Group in final lap for Clariant's plot
Oct 22, 2013
MUMBAI: Speciality chemicals maker Clariant Chemicals has shortlisted four Mumbai-based real estate developers for selling its 87-acre land parcel in Thane, three people familiar with the development said.
Property expo begins, SRA looks to woo ‘reputed’ builders
Oct 21, 2013
MUMBAI: Even AS developers are busy trying to attract buyers at the annual property exhibition of the Maharashtra Chamber of Housing Industry (MCHI), the Slum Rehabilitation Authority (SRA), too, has set up its own stall to target big and reputed builders.
Commerce Ministry amends norms to prevent misuse of SEZ land
Oct 16, 2013
DELHI: Developers seeking to surrender special economic zones will have to give an undertaking that the land will be used in accordance with the recently amended guidelines so as to prevent its misuse.
To unlock FDI, govt to ease lock-in period for realty
Oct 16, 2013
DELHI: Much to the cheer of foreign real estate developers, those investing in India’s construction sector might be allowed to exit before the mandatory three years stipulated at present. However, for that, they would have to complete the project and procure completion occupancy certificates from local authorities.
‘Thread’ connects twin cities realtors
Oct 16, 2013
AHMEDABAD: Realtors are a divided lot in Ahmedabad. Distancing themselves from Gujarat Institute of Housing and Estate Developers (GIHED), apex body of realtors, a group of real estate developers in north Ahmedabad have formed a new association to focus exclusively on the area connecting Ahmedabad and Gandhinagar.
Satellite picks up pace
Oct 13, 2013
KOLKATA: Rajarhat is a satellite city of Kolkata, which was planned in the 1990s. According to the master plan, it was supposed to be at least three times larger than Salt Lake City, a neighbouring well-established destination. Between 2003 and 2008, Rajarhat witnessed a lot of interest from various national and regional developers. Then the global financial crisis came, after which most of the plans either got stalled or pace of execution reduced considerably.
Art for the home and hearth
Oct 12, 2013
CHENNAI: Janaki Hrishikesh, a Chennai resident, still remembers the first painting she brought. “It was a scene of Krishna’s rasaleela. We had just bought a house and were looking to decorate it. The painting practically drew us to it,” she says.
IT upswing to pay dividends for Bangalore realtors
Oct 11, 2013
BANGALORE: Bangalore-based real estate developers Sobha DevelopersBSE 0.39 % and Prestige Estate have gained investor interest after reporting strong sales for the September quarter, beating the gloom in the realty sector.
As real estate developers struggle to deliver, home buyers step up protests
Oct 03, 2013
NEW DELHI/CHENNAI: Annoyed with the delays in handing over properties and deficiencies in services, home buyers are protesting against real estate developers either through marches or through the social media.
Revised housing scheme fails to cheer builders
Sep 28, 2013
BHUBANESWAR: The revised urban housing scheme in state, notified on Thursday, has evoked sharp reactions from real estate developers. They said the mandatory provisions in the scheme are impractical and won't help create affordable housing stock.
Kolte-Patil Developers launches four projects in Pune
Sep 26, 2013
MUMBAI: Riding high on the demand for residential housing, Kolte-PatilBSE -1.09 % Developers today launched four mixed-use projects in Pune with investments up to Rs 450 crore.
‘Finance cost of developers may go up’
Sep 21, 2013
HYDERABAD: With the proposed Real Estate Regulatory Bill, where developers are expected to keep considerable portion of sales in escrow account for a majority of the construction period, finance cost for developers is expected to increase, according to Anuj Puri, Chairman and Country Head, Jones Lang LaSalle India.
‘Satellite townships will help de-congest urban areas’
Sep 21, 2013
HYDERABAD: With the urban population going up each passing year, there is a need to focus on de-centralised growth of cities by setting up satellite townships, according to experts.

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