Latest Realty News

Realtors eye Gudi Padwa bookings
Mar 30, 2014
NASHIK: 2014's Gudi Padwa could signal better movement for the real estate sector in Nashik after a lull that has lasted for over a year-and-a-half. Considered an auspicious occasion for bookings, the past three months leading up to Monday's Gudi Padwa have seen close to 400 flats being booked in the city.
Payment Default: Cases Registered against Chit Fund Firm
Mar 27, 2014
THIRUVANANTHAPURAM: Various police stations in Thiruvananthapuram and Kollam districts have registered cases against a private chit fund firm which allegedly defaulted in repaying maturity amount to investors.
India's realty sector remains favoured destination: Report
Mar 22, 2014
DELHI: The Indian construction and real estate sector continues to be a favoured destination for global investors and businesses are optimistic about their prospects for this year, says a report.
Entry of high-speed elevator manufacturers bring a paradigm shift in high rise buildings
Mar 18, 2014
DELHI: Indian real estate has progressed in leaps and bounds in the last decade and one can marvel at the rapid growth of high rise buildings across the country, be it in the inner cities, suburbs or 2nd tier towns.
Real estate NCDs: Good returns but with high risks
Mar 17, 2014
MUMBAI: Since March 3, the BSE realty index has gained 14.2 per cent, compared with the Sensex's 3.95 per cent rise. Though real estate developers are reporting a slowdown in sales, in most centres, returns by real estate-linked non-convertible debentures (NCDs) are 18-22 per cent a year.
Sensex conquers Mt 22k, retreats
Mar 11, 2014
MUMBAI: Benchmark indices hit record highs for a third straight day on Monday, amid continued foreign institutional buying, though the net gains were marginal.
Low demand pushes down cement prices in Gujarat
Mar 08, 2014
AHMEDABAD: Despite the ‘development’ plank in BJP’s Prime Minister candiate and Gujarat chief minister Narendra Modi’s electoral campaign, cement prices, a major commodity that gets used in the infrastructure sector, have not seen much upturn in Gujarat this year. For that matter, last quarter, prices in the Ahmedabad market were rather down by 10-13 per cent owing to slowdown in demand from end user industries like real estate and infrastructure.
Onus on government to protect, boost real estate
Mar 07, 2014
DELHI: Presently, the real estate sector in India is facing several challenges. These include lack of adequate sources of finance, shortage of labour, steep rise in the prices of raw material, multiple tax system and lengthy and delayed procedures for approvals.
Bad loans expected to be higher this fiscal: FM
Mar 07, 2014
DELHI: Finance Minister P. Chidambaram Wednesday said the Non-Performing Assets (NPAs) or bad loans of the public sector banks are expected to be higher this fiscal, which is a matter of big concern.
NPAs rise as slowdown persists
Mar 07, 2014
DELHI: The economic slowdown seems to have helped push the gross non-performing assets (NPAs), or doubtful loans, of public sector banks (PSBs) to 5.17 per cent of their advances by end-December 2013, against 4.18 per cent a year before.
Bank licences on course despite polls
Mar 07, 2014
DELHI: Finance Minister P Chidambaram on Wednesday clarified the Reserve Bank of India (RBI) was likely to issue a few bank licences during the remaining term of the incumbent United Progressive Alliance (UPA) government, notwithstanding the model code of conduct that kicked in with announcement of the election schedule.
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).
Global investment in realty sector to reach $45 trillion by 2020
Feb 28, 2014
MUMBAI: Driven by rapid urbanisation and demographic changes, especially in emerging markets, global investment in the real estate sector is likely to increase 55 per cent to $45.3 trillion by 2020 from $29 trillion in 2012, according to PwC.
Kuwait’s Hayat ties up with Chennai firm, to invest $100 million in realty sector
Feb 27, 2014
CHENNAI: Kuwait's Islamic investment firm Hayat Invest will invest $100 million (about Rs 620 crore) in the Indian real estate sector in two years in partnership with Chennai-based residential real estate developer XS Real Group.
Mahindra Lifespace buys Gurgaon plot for Rs 472 crore
Feb 27, 2014
BANGALORE|MUMBAI: Mahindra Lifespace Developers, the real estate development business of the Mahindra Group, has bought a 12-acre land parcel in Gurgaon from private equity fund Ireo for Rs 472 crore, people with knowledge of the matter said.
Private equity funds returning to realty space again
Feb 24, 2014
MUMBAI: Optimistic about the revival of economy after Lok Sabha elections, foreign and domestic private equity players are now returning to Indian real estate sector, but with caution and will focus on top six-seven cities, say industry experts.
Vote on Account 2014: Realtors unhappy with interim budget
Feb 18, 2014
DELHI: Realty developers today expressed disappointment that interim budget did not provide any relief to the sector but hoped that steps to push growth in other industries such as automobile would boost housing demand.
New bill proposes licences for real estate brokers
Feb 18, 2014
NOIDA: The UP government has planned to draft a new law to tighten the noose around fraudulent real estate agents so that interests of homebuyers are protected. A senior official in Lucknow said that under the law dealers are required to register themselves with a local government body and obtain a license for practicing.
Vote on Account 2014: Indian real estate embracing change in the time of economic revival
Feb 15, 2014
MUMBAI: The past decade has seen the Indian real estate industry ride on a roller coaster ride through many highs and lows. This period has seen the expansion fury which gripped the sector with the market peaking in 2006 -2007 characterized by a growth in demand, substantial development and increased foreign investments. By mid-2008, this fervour was replaced by cautious evaluation of business models and plans, which was the key agenda of the business houses when the market loomed large with unc
The effect of policy on residential real estate
Feb 12, 2014
DELHI: Post the 1991 liberalisation policy, India began to welcome various multinational corporates that were seeking permission to commence operations locally. Being the financial and commercial capital of India, Mumbai was the first city to witness a significant influx of large multinational firms.
Realtors offering 'branded' homes to beat slowdown
Feb 12, 2014
DELHI: Domestic property developers tying up with international designers for residential projects seems to be a trend the country's luxury real estate sector is hooked on. On offer are products ranging from homes based on the Disney theme to Spanish-style living and interiors designed by the likes of Italy's Tonino Lamborghini, Casa and Armani.
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).
Brokers in NCR region integrate to grow in relevance
Jan 31, 2014
DELHI: A large number of Delhi-NCR based small real estate brokers are joining popular platforms to get a wider bottom-up reach. While these big platforms are educating the nuances of modern day practices adopted by the industry to small brokers, apart from giving them the brand value, the former too is benefiting by getting more penetration into the micro markets. Experts believe that adopting technology and remaining connected is the only way out, working in isolation would make them obsolet
Landmark hotel to make way for apartments
Jan 30, 2014
CHENNAI: The hospitality sector in Chennai is going through rough weather with many a hotel being put on the block for want of patronage. In less than a year, the city is all set to lose its third hotel to real estate promoters.
Mint producer KV Group enters realty business
Jan 30, 2014
DELHI: KV Group, a leading producer of mint, has forayed into the real estate sector with its first housing project in Greater Noida and is expecting a sales realisation of Rs 300 crore over the next three years.

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