Latest Realty News

Jun 09, 2015
One of the best residential developers in Chennai, Amarprakash’s project Palm Riviera had been awarded as “Asia’s 100 Best real estate projects & properties 2015”.They were conferred the award at a grand function on 21 May, 2015 in Singapore .
Jun 08, 2015
MUMBAI: In a landmark order that would bring FDI in real estate projects under a legal scanner, the Bombay high court declined relief to IDBI Trusteeship Services in what it said was "clearly an attempt at seeking active court assistance to achieve what the law prohibits and that is clearly inconsistent with public interest." The law permits FDI investment in real estate development only in the form of equity and prohibits investment with assured returns, the court said.
Carnival Group in talks to buy L&T Realty's Elante Mall
Oct 20, 2014
Mumbai: Carnival, a media & entertainment group based in this city, is in advanced discussion with Larsen & Toubro (L&T)Realty to acquire the latter's Chandigarh mall
Builders, lenders can benefit from proposed changes in road contracts
Oct 20, 2014
NEW DELHI: The government is set to overhaul highway contract documents to provide extra comfort to lenders and project developers to get road projects going and boost investment
Brigade, Singapore's GIC to invest $248 mln in Indian property sector
Sep 02, 2014
Indian developer Brigade Enterprises (BRIG.NS) and Singapore's sovereign wealth fund GIC Pte Ltd have agreed to jointly invest 15 billion rupees ($248 million) in residential real estate projects in south India, the companies said
DLF Belaire flat owners play safe on compensation
Sep 02, 2014
Consumer activism entered a new phase in working out claims and compensations. The latest example is of the Belaire project in Gurgaon, over which DLF, the country's largest real estate company, was recently told by the Supreme Court to pay Rs 630 crore for abusing its dominant market position
Haryana Janhit Congress vows to return SEZ land to farmers
Aug 30, 2014
A day after snapping its three-year-old ties with BJP, Kuldeep Bishnoi-led Haryana Janhit Congress on Friday announced its manifesto for the assembly elections, vowing to return farmland "unscrupulously" seized in the name of Special Economic Zones in Gurgaon to "original owners".
Flat buyers protest 'extra charges', mull legal action before realtors hand over flats
Aug 26, 2014
Hundreds of flat buyers under the banner of Noida Extension Flat Owners Welfare Association (NEFOWA) assembled at Greater Noida West to protest against the one of the major issues raised by NEFOWA is the additional 'land acquisition charges' that builders are allegedly adding to the final settlement bills before handing over the flats
Yamuna Expressway homebuyers to pay more
Aug 23, 2014
Those who bought land or a flat along the Yamuna Expressway will have to shell out more as the UP cabinet on Friday approved a higher rate of compensation for farmers from whom the land was originally acquired
Fresh tax notices to be served on 1 lakh property owners
Aug 23, 2014
The MCG is the process of issuing fresh house tax notices to around one lakh property owners in Gurgaon, after noticing discrepancies in their self-assessment forms
Builders expect home sales to pick up, line up schemes to woo customers
Aug 19, 2014
For a few years now, the usually peak festival season hasn't been a time of joy for the housing business, but this year builders are hopeful of a revival after the Narendra Modi-led BJP swept to power in Delhi and business sentiment improved
Indians top investor in Dubai's real estate market
Aug 19, 2014
Indians have been ranked first among foreign investors in Dubai's real estate sector, making a total of 4,417 transactions worth nearly USD 3 billion in the first half of the year, according to an official report.
Gr Noida flat buyers get a chance to raise objection
Aug 16, 2014
The Greater Noida Authority has started publishing notices in Hindi-language newspapers regarding clearance of layout plans, maps and floor area ratio (FAR) of various real estate projects
From a mofussil town to engine of growth
Apr 30, 2014
LUCKNOW: A decade ago, it took about an hour's drive from Lucknow to reach a mofussil town on its outskirts. There were no signs of any urban rub-off in the area. Instead, it was marked by dust, patchy roads and barren stretches. That was Mohanlalganj, a rural parliamentary segment situated on Lucknow's periphery.
Godrej Properties looking to enter Noida real estate market
Apr 29, 2014
DELHI: Godrej Properties LtdBSE -0.02 % is keen on entering the Noida real estate market and is looking for a partner to develop a housing project, according to a top official at the company.
Vivendi Ventures to launch realty PE biz
Apr 08, 2014
CHENNAI: Chennai-based Vivendi Ventures, which is into real estate development and fund management, is planning to launch a private equity arm headquartered in Singapore, to invest in real estate projects in India.
Brookfield to buy Unitech Corporate Park subsidiary
Apr 05, 2014
MUMBAI: Canada-based global real estate giant Brookfield has offered to acquire Candor Investments, a fully-owned Unitech Corporate Parks (UCP) Plc subsidiary that owns stakes in real estate projects in the National Capital Region (NCR) and Kolkata.
Primarc invests Rs 300 crin Bengal real estates
Feb 28, 2014
KOLKATA: Primarc Group, which runs the ‘Crossword’ franchisee in West Bengal, has invested nearly Rs 300 crore in real estate projects in the State.
However, realtors still seen tapping customers
Feb 25, 2014
DELHI: Most developers and consultants have put in an “uncertain” clause in their annual planning for real estate projects, and have decided to fine tune schemes only after election results in June. But even as upcoming elections have slowed down real estate launches and announcement of new projects in the country, developers and brokers are using this time not just to clear inventory but also to tap customers in a slow market.
Real Estate law should apply on small projects: Committee
Feb 19, 2014
DELHI: A parliamentary panel has favoured bringing small projects within the purview of the Real Estate (Regulation and Development) Bill, 2013. The panel has said the law should be made applicable on constructions that are built on 100 square meters of area or more.
Building block
Feb 11, 2014
MUMBAI: Over the last two months, Mumbai’s municipal commissioner Sitaram Kunte has sent back file after file because the buildings they propose do not meet a specification for open spaces ruled mandatory by a recent Supreme Court order.
Sobha Developers gains after good Q3 results
Feb 07, 2014
MUMBAI: Sobha Developers rose 3.61% to Rs 276.85 at 11:07 IST on BSE after net profit rose 10.46% to Rs 58.10 crore on 26.48% increase in total income to Rs 545.50 crore in Q3 December 2013 over Q3 December 2012.
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
India Infoline raises Rs 750-cr realty fund
Jan 31, 2014
MUMBAI: IIFL Wealth Management, a unit of financial services firm India Infoline, said on Wednesday it has raised a Rs 750-crore real estate fund, which has the option to co-invest another Rs 500 crore under the fund. IIFL has mandated Ajay Piramal group's realty fund manager Indiareit Fund Advisors as the investment advisor.
Oberoi Realty leaps on favourable court verdict
Jan 31, 2014
MUMBAI: Oberoi Realty surged over 6% to Rs 212.50 after the company announced yesterday that the Supreme Court dismissed a lower court judgement that had declared as private forest certain properties that a unit of the real estate developer wanted to develop.

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