Latest Realty News

29 SEZ developers including TCS, Parsvnath Infra & Unitech Infracon seek more time to implement proj...
Oct 29, 2013
DELHI: As many as 29 special economic zone developers including Tata Consultancy ServicesBSE -0.12 %, Parsvnath Infra and Navi Mumbai SEZ Pvt Ltd have sought more time from the government for implementing their projects. The inter-ministerial Board of Approval (BoA) chaired by Commerce Secretary S R Rao will consider these requests at its meeting on November 8.
Salt Lake & Rajarhat attract 90% of Kolkata’s office supply
Oct 24, 2013
KOLKATA: Despite starting the year on a subdued note, the peripheral business district of Kolkata’s Salt Lake and Rajarhat micro-markets picked-up supply activity and occupier interest from the second quarter of the year—sustaining interests till the third quarter of 2013. The peripheral market accounts for nearly 90% of the total investment grade office space addition of about 0.90 million sq.ft in the city by September 2013.
Realty bites: Despite weak rupee, NRIs not keen to buy property in India
Oct 24, 2013
BANGALORE/MUMBAI: The weakness in the rupee hasn’t led to the usual surge of non-resident Indians buying property in the country, with many of them drawn to real estate markets in the US, UK, Singapore and Dubai where prices and borrowing costs are relatively subdued and returns are seen as being higher.
Promoters of Dabur Burman family to foray into real estate business
Oct 23, 2013
BANGALORE: The Burman family, promoters of the $1-billion FMCG major Dabur, is entering the Indian real estate market through a joint venture with a US-based private equity investor, said multiple sources briefed on the matter.
Office space supply falls sharply by over 75% in Jul-Sept
Oct 22, 2013
DELHI: Office space supply fell by more than 75 per cent during July-September period in the top seven cities compared with the previous quarter due to high vacancy in completed buildings and poor commitments in the under- construction projects, according to property consultant CBRE.
After a year, DDA to auction 60 plots in November
Oct 20, 2013
DELHI: After a gap of one year, Delhi Development Authority (DDA) has decided to put several plots under the hammer. Over 60 plots, in 14 different prime locations, will be auctioned at Dwarka, Pitampura, Vikas Puri, East of Kailash, Vivek Vihar etc on November 20, 21, 22, said a DDA official. The sale of brochures will begin from October 28.
Why we buy homes during festive season
Oct 19, 2013
DELHI: Why do we see such a deep significance in buying a home during the festive season? Is it really only about the freebies and schemes that some developers offer?
Homebuyers log on to Facebook, Twitter to voice their complaints against builders
Oct 15, 2013
MUMBAI: Call it Realty Spring. Homebuyers in the country are taking to Facebook and Twitter to deal with errant builders in issues ranging from delay in possession to mismanagement, to good effect.
Realtors upbeat on Hyderabad market
Oct 11, 2013
HYDERABAD: Andhra Pradesh realtors and developers are upbeat on the future ofreal estate in Hyderabad. They claim that now is the best time to buy properties in Hyderabad as prices are expected to shoot up post the bifurcation of the state.
Realtors upbeat on Hyderabad market
Oct 10, 2013
HYDERABAD: Andhra Pradesh realtors and developers are upbeat on the future of real estate in Hyderabad. They claim that now is the best time to buy properties in Hyderabad as prices are expected to shoot up post the bifurcation of the state.
Knight Frank ties up with FICCI for realty sentiment index
Oct 08, 2013
DELHI: Property consultant Knight Frank India today said it has entered into an agreement with industry chamber FICCI to launch an index that would measure sentiments in the real estate market.
‘Reserve 20% area for low-income housing’
Oct 07, 2013
MUMBAI: A year after the state stalled its draft notification following objections from developers, it is set to issue a the final notification making it mandatory for developers to reserve 20% of areas of more than over 2,000 sqm for affordable housing.
Otis sees scope for growth in India's real estate market
Oct 07, 2013
DELHI: Leading manufacturer of elevators, US-based Otis, is betting big on India’s real estate market, mostly vertical, to grow its business in the country. In spite of all the talk of a slowdown in real estate, Otis Elevator Company’s president (Asia Pacific area), Patrick Blethon, who’s here for a week, told Business Standard that the pace of construction in India could create a new Chicago every year for the next 30 years in terms of the built-up area.
Over 25 per cent housing projects delayed pan-India; NCR worst hit: JLL India
Oct 02, 2013
DELHI: Real estate companies have not been able to deliver over 25 per cent of their housing projects on time while developers in the national capital region are worst performer, according to property consultant Jones Lang LaSalle (JLL) India.
Gujarat Institute of Housing and Estate Developers show opens in Ahmedabad with 125 affordable housi...
Sep 28, 2013
AHMEDABAD: The Gujarat Institute of Housing and Estate Developers (GIHED) Property Festival kicked off on Friday at Gujarat University Convention Centre with more than 125 affordable housing projects on display.
Mumbai property rates may remain subdued in near future: Icra
Sep 06, 2013
MUMBAI: Real estate developers in Mumbai are finding it difficult to increase property prices because of rising inventory levels, subdued demand and uncertain macroeconomic environment, says credit rating agency Icra.
UK-based Seer Acquisitions unveils its Indian operations
Aug 31, 2013
DELHI: Real estate consultancy firm Seer Acquisitions on Friday unveil its Indian operations here under the name Seer Realty. The UK-based firm launched its operation to facilitate the deals between the investors of two countries.
‘There is tremendous long-term potential for luxury products in India’
Aug 19, 2013
DELHI/MUMBAI: merican real estate magnate Donald Trump, Chairman and President of The Trump Organisation, who is gearing up for the Republican Presidential nomination in 2016, is bullish on the Indian real estate sector.
Dwarka-Gurgaon Expressway on its way to hottest realty market
Aug 14, 2013
DELHI: Construction of the Dwarka-Gurgaon Expressway project is on full swing and it is expected to be completed in the next six months. More than 33,000 houses, with an approximate sale value of Rs 8,000 crore are under construction along different sectors of Dwarka-Gurgaon Expressway; of this, around 30,000 houses will be ready for possession in the next one and half years.
Cyber city of Gurgaon rules the realty roost
Aug 14, 2013
DELHI: Gurgaon and Manesar continue to be the hub of real estate activities in the NCR region. Despite the slowdown in the economy, demand for residential and commercial real estate in these sub-cities has not been affected appreciably.
UP-NCR to be made secure for investments
Aug 14, 2013
DELHI: The Uttar Pradesh government on August 13 took a major decision to attract investment by entrepreneurs in Noida and Greater Noida. In a meeting chaired by the chief secretary it was decided to launch an initiative to improve policing and provide adequate electricity to industries in the region.
Delhi colonies regularized only on paper
Aug 13, 2013
DELHI: Expressing concern that Rs 542 crore spent by the Delhi government on development of unauthorized colonies might be in vain, the comptroller and auditor general has said regularization of these colonies remains only “on paper”.
Allottees may get DDA flats this month
Aug 13, 2013
DELHI: Allottees of Delhi Development Authority’s (DDA) Ganga block apartments in D-6 Vasant Kunj may finally get possession of their flats within this month.
Chennai set to hit a new high in housing
Aug 12, 2013
CHENNAI: Just about a year ago the average home buyer did a double take on learning of the prices of top-end residences in prime areas of the city: a couple of projects offered homes ranging between Rs 3 and Rs 6 crore at the top end in large blocks of over 100 apartments each.
Haryana approves 'affordable housing policy'
Aug 07, 2013
CHANDIGARH: For mass availability of dwelling units at affordable rates through grant of licence, the Haryana government today approved "Affordable Housing Policy 2013".

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