Latest Realty News

India's real estate sector to need $ 257 bn by 2015: Report
Nov 16, 2013
MUMBAI: The real estate sector in the country would need an investment of $ 257 billion by 2015, including Economic Weaker Section (EWS) housing, of which residential real estate alone would require $ 29 billion, according to an EY-FICCI real estate report released today.
‘Not enough policy support for real estate’
Nov 16, 2013
CHENNAI: The real estate sector is not getting adequate support from banks and policy makers despite its contribution to economic growth, according to Lalit Kumar Jain, Chairman, Confederation of Real Estate Developers Association of India (CREDAI).
Equity, gold, real estate: Tips to make your first investments
Nov 05, 2013
MUMBAI: It is not an easy time to be an investor. Even though you may be spoilt for choice, there is a high degree of volatility across asset classes. This means that one has to be extra cautious while choosing investments. Whether you are opting for equity, fixed income, property or gold, the current environment will punish you for rash or untimely decisions. For those who have just started saving, taking the initial steps into the world of investing is even more daunting. It's the same for any
Poor quality retail space affecting retail real estate: Experts
Oct 22, 2013
MUMBAI: The poor quality of retail space, regulatory issues and subdued economic growth are holding back international retailers from expanding their presence in the country, say experts.
Housing project delays: Roadmap to help you out of the logjam
Oct 21, 2013
KOLKATA: When Abhay Upadhyay applied for a 2-BHK row house in a project called Kolkata West International City in August 2006, he harboured the dream that his daughter, who was born a couple of months earlier, would grow up in a spacious, green and pollutionfree environment.
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?
Investor Rakesh Jhunjhunwala buys six Mumbai flats for Rs 176 crore
Oct 15, 2013
NEW DELHI/MUMBAI: Billionaire investor Rakesh Jhunjhunwala on Monday bought half of a seafacing building, comprising six plush apartments, in Mumbai's upmarket Malabar Hill area owned by Standard Chartered Bank, for Rs 176 crore, more than two persons who knew details of the open bidding, told ET asking not to be named.
Real estate stocks gain on improving liquidity
Oct 11, 2013
MUMBAI: Real estate stocks have been gaining ground ever since the RBI announced measures to ease short-term liquidity. BSE Realty index outperformed the past month, gaining over 3.05% as compared to 1.2% gains on the BSE Sensex. Real estate stocks such as Unitech, DLF, Oberoi Realty gained anywhere between 1-8% the past month.
Curbs on realty foreign direct investment below 50% may stay
Oct 09, 2013
DELHI: The government may reject the urban development ministry's proposal to scrap all restrictions on foreign direct investment below 50% in real estate on the grounds that there can be no exemptions on rules such as minimum area norms.
Govt mulls easing FDI rules for construction development
Oct 08, 2013
DELHI: In a bid to bring foreign money to the cash-strapped realty sector, the department of industrial policy and promotion (DIPP) has moved a Cabinet note seeking relaxation of riders on foreign direct investment (FDI) in the construction development sector. The move comes after FDI in real estate dropped 57 per cent year-on-year in 2012-13 .
Haryana to build 1.25 lakh economy flats in Gurgaon, other prime areas
Oct 07, 2013
CHANDIGARH: Ushering in a policy of affordable housing in Gurgaon and other prime areas of the state, the Haryana government plans to build 1.25 lakh flats under the first phase. The size and price of these flats will be decided by the government and allotment will be done through draw of lots.
UP ranks highest in new investments in real estate sector
Oct 01, 2013
LUCKNOW: UP has been ranked top with maximum share of about 40 per cent in the new investments attracted by real estate sector among top 20 states across the country during the first quarter of current fiscal, industry body ASSOCHAM said today.
‘Some downside on real estate sector’
Sep 21, 2013
HYDERABAD: The increase in repo rate is going to have some downside on the real estate sector in a stressed environment that is already plagued by slowdown in sales, increasing input costs, liquidity issues and high costs of capital, Sanjay Dutt, Executive Managing Director, South Asia, Cushman & Wakefield, said.
Houses unsold, realty growth on hold
Sep 14, 2013
BHUBANESWAR: Realtors in the city have decided to put new projects on hold with stocks of unsold houses piling up all the time.
Bavdhan, Kalyani Nagar, Undri top gainers in capital values
Sep 10, 2013
PUNE: Amidst the economic slowdown, the real estate market of Pune showed considerable resilience in the April-June 2013 quarter. Capital values of residential properties at locations such as Bavdhan, Kalyani Nagar and Undri, registered an increase of 4-8 per cent in the April-June 2013 quarter, over the preceding quarter, Overall, the Listed Price Monitor, which reflects the change in capital values in the city, rose by two per cent during the quarter. According to the study, 77 per cent locali
Cushman strikes unique takeover deal to bypass hurdles
Sep 05, 2013
KOLKATA: Global real estate advisor Cushman & Wakefield today claimed it carried out a unique acquisition model, for the first time in India, for another city-based real estate advisor company Lemongrass Advisors.
Realtors get notice for flouting groundwater ban
Sep 04, 2013
NOIDA: Officials of Noida Authority on Monday held a meeting with realtors to decide the course of action in the cases filed in the National Green Tribunal (NGT) regarding construction around Okhla Bird Sanctuary and extraction of groundwater at various sites.
Slowing realty industry sees top-level exits
Aug 29, 2013
BANGALORE: Indian real estate sector is seeing top-level exit even as industry grapples with slow sales. In a recent exit, Juggy Marwaha has quit Mantri Developers to join property consultancy firm Jones Lang LaSalle (JLL) India as managing director, south India operations.
Real estate can employ 1.7 crore people by 2025 in India
Aug 14, 2013
DELHI: In a report, global realty consultancy firm CB Richard Ellis said that the potential for development and growth in the real estate sector is tremendous. The sector is expected to generate over 17 million jobs across the country by 2025, thereby making a significant contribution to the GDP.
Devising ways to stay on firm ground
Aug 05, 2013
DELHI: A Delhi-based real estate developer’s son was to join his business this August. But owing to the sluggish demand and slowdown in the sector, the family patriarch decided to send him abroad for higher education.
Realty sector ‘disappointed’ on RBI’s status quo on rates
Aug 01, 2013
DELHI: Realtors’ apex body CREDAI on July 31 expressed disappointment over RBI’s decision to keep the key policy rates unchanged, saying that the industry was expecting relief from the apex bank to beat slowdown in property demand.
Credai hopes efforts on reforms will continue
Jun 21, 2013
MUMBAI: The Confederation of Real Estate Developers’ Association of India is hopeful that the new Union Housing Minister, Girija Vyas, will continue the unfinished task of her predecessor on reforms.
More power to the home buyer
Jun 19, 2013
DELHI: Two years after the Union housing ministry came out with a draft bill to regulate the real estate sector, the final bill is ready to be introduced in Parliament during the upcoming Monsoon Session. The keenly-awaited bill, which promises a transparent regime that would uphold the interest of the home buyer, is being seen as a game-changer in a largely unregulated sector, even though some of its provisions have come for some flak from the real estate industry. As housing minister Ajay Make
‘Investment in IT corridors can reap good benefits’
Jun 08, 2013
DELHI: The real estate sector in India is on a high growth path, and IT industry has a major role to play. The influx of IT set-ups across India has given a push to the demand and supply of residential as well commercial space in the country.
What will Budget 2013 hold for the real estate sector?
Feb 26, 2013
Will Budget 2013 give the Indian real estate market enough lift to help it kickstart a sagging economy? Historically around the world real estate and infrastructure are sectors that can add a lift to the economy when it stagnates.

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