Latest Realty News

Fresh-tax-on-unsold-flats-to-force-developers-to-release-inventory
Jun 06, 2015
In a bid to arrest hoarding of residential flats by developers and increase supply across the country, the income-tax department has decided to tax realtors on estimated annual rentals. The tax could be anywhere between 15% and 20%. The move is as per the central action plan for 2015-16, under which the I-T department can levy tax on any unsold flat by treating it as 'income from house property' under Section 43-CA of the I-T Act, 1961.
Piramal-Fund-Management-sanctions-INR-1,200Cr-to-Omkar-Realtors-for-Omkar-1973-Worli
Mar 30, 2015
Mumbai: Piramal Fund Management (“PFM”) has committed INR 1,200cr to Omkar Group’s luxury residential development in Worli, Mumbai
Realty gets Google Online Shopping Festival boost
Dec 09, 2014
Chennai: Buying homes online will be the biggest traction of this year’s Google Online Shopping Festival (GOSF) along with a host of consumer items
US Realty Market Emerges as Investment Destination for Indians
Nov 28, 2014
Mumbai: With the US market emerging as an attractive investment destination, there is a growing interest from Indians to buy properties there, property consultant Jones Lang LaSalle (JLL) said
Bangalore honchos on property-buying spree in the US
Oct 14, 2014
The investments by Indians (those with Indian passports) in residential property in the United States rose by nearly 50% to $5.8 billion
News Corp to buy real estate site Move for $950 million
Oct 02, 2014
Rupert Murdoch's publishing group News Corp is planning its biggest acquisition since splitting off its entertainment business, buying real estate listings website Move for $950 million
Realty firm Anant Raj sells subsidiary Greatway Estates for Rs 304 crore
Sep 27, 2014
Realty firm Anant Raj Ltd announced sale of its wholly-owned subsidiary Greatway Estates Ltd for Rs 304.12 crore
Illegal Layouts Mushroom in City to Cash in on Capital Rush
Sep 15, 2014
Lack of coordination among the Revenue Department, Panchayat Raj Department and the VGTM-UDA coupled with the strong nexus between unscrupulous bureaucrats and realtors are the main reasons for mushrooming of unauthorised layouts in the Vijayawada capital region
Gulf NRIs driving Kerala property price bubble
Aug 26, 2014
Middle East-based Keralites are on a property buying spree in Kochi, pushing prices to as high as those in the National Capital Region, according to India’s realtor association.
'NRKs fuelling property prices by 30%'
Aug 25, 2014
Non-resident Keralites (NRK) are fuelling Kochi house prices by 30%, said P S N Rao, chairman of National Association of Realtors-India (NAR-India), the national federation of associations of real estate agents in 25 cities of the country
Post elections, realty demand to soar in Visakhapatnam
May 09, 2014
VISAKHAPATNAM: With the heat and dust of elections finally settling down, realtors in Seemandhra are heaving a sigh of relief. They have their fingers crossed that after the lean spell in April, the formation of a new, stable government at the Centre and an end to the much-prolonged bifurcation tangle will spur growth in the realty sector from June onwards.
NAREDCO’s Real Estate Management course concludes
May 06, 2014
MUMBAI: With 34 Certificate Courses already under its belt, NAREDCO organized the 35th Course, jointly once again with its technical partner HSMI, from 25th February to 14th March 2014 at HSMI, New Delhi. The course was flagged off by Brig (Retd) R R Singh, director general, NAREDCO in the presence of A N Krishnamurthy, executive director (Trg), HSMI at the Inaugural Session on 25th February. It was coordinated by Shri S C Rastogi, Dy DG, NAREDCO and Atul Shrivastav and Jeevan Sahota, both F
Authorities ignore buyers, fail to act against developers
Apr 14, 2014
NOIDA: Supertech’s Emerald Court episode is not an isolated case of alleged illegal construction. In Noida and Greater Noida, scores of buyers have been cheated by developers in cohort with the authorities. Buyers allege that the authorities just issue ‘show-cause notices’ against errant developers without taking any actual action. The apathy of Authority officials leaves the buyers with no option but to move courts for relief.
Developers hail RBI's decision to keep policy rates unchanged
Apr 02, 2014
DELHI: Realtors' body CREDAI today hailed the RBI's decision to keep policy rates unchanged saying this indicates interest rates have peaked and hoped rates would come down in near future, giving boost to economic growth as well as housing demand.
Developers hail RBI policy; demand easing of interest rate
Apr 02, 2014
DELHI: Realtors’ body CREDAI today hailed the RBI’s decision to keep policy rates unchanged saying this indicates interest rates have peaked and hoped rates would come down in near future, giving boost to economic growth as well as housing demand.
Revival of Boom Imminent, Say City Realtors
Mar 04, 2014
HYDERABAD: With political uncertainty in the state ending with the Centre’s move to bifurcate the state, realtors in the city are a happy lot. They believe, Hyderabad will once again emerge as an investment destination which will lead to an uptick in real estate prices.
Realtors welcome incentives for affordable housing
Feb 19, 2014
MUMBAI: Despite the real estate industry’s low expectations from the interim budget, there were no surprises in it for the sector. The industry, however, welcomed government support to the affordable housing sector and fund allocations to the rural as well as urban housing funds.
Two teams to probe realtors’ murder
Feb 15, 2014
BANGALORE: The police on Friday formed two teams to investigate into the murder of two Bangalore-based realtors whose bodies were found with heads severed in Kollegal forest of Chamrajanagar district on Tuesday.
Kolkata, the second home for Rajasthanis
Feb 11, 2014
KOLKATA: Realtors from Jaipur, who are in the city to woo the thriving Rajasthani community settled here for generations, have realized that they have become distinctly different from Rajasthanis living elsewhere in India. For, unlike Rajasthanis in Mumbai or Chennai who still retain the strong roots with 'homeland' and yearn to return in a not-so-distant future, Rajasthanis in Kolkata have made Kolkata their second home and look at Rajasthan as an investment opportunity and a holiday destinatio
Realtors Sabotage CRZ Laws via Unholy Links
Feb 08, 2014
KOCHI: A majority of the real estate and tourism players in the state chalk out a slow-and-steady-winning gameplan for sabotaging Coastal Regulation Zone laws, thanks to the unholy nexus among powerful businessmen, heads of social and religious organisations and politicians.
Realtor Tulsiani Group to invest Rs 2,000 crore in UP
Jan 30, 2014
LUCKNOW: Realtor Tulsiani Constructions and Developers Limited has planned to invest almost Rs 2,000 crore in Uttar Pradesh over the next 3-4 years. The investment would flow in its various residential and commercial projects either already underway or in pipeline.
Cabinet to take decision on FDI in farm land
Jan 29, 2014
DELHI: The UPA Government has formed a three-member Cabinet committee to examine the possibility of opening up agricultural land to Foreign Direct Investment (FDI), following a Union Urban Development (UD) Ministry proposal on letting foreign realtors buy agricultural land.
Credit metrics of real estate firms continue to deteriorate on weak demand
Jan 22, 2014
COIMBATORE: Credit metrics of real estate companies will continue to deteriorate in 2014-15 as high residential prices continue to impact sales, India Ratings and Research has said. The rising bank credit to the sector indicates an increase in inventory, it said.
Realtors body flays hike in ready reckoner rate, seeks reversal
Jan 02, 2014
MUMBAI: A day after the state government steeply hiked property prices in major cities in spite of falling sales, realtors association has flayed the decision saying the move will harm the industry in particular and the state in general.
Realtors expect positive sentiment from RBI's bold policy move
Dec 19, 2013
DELHI: Real estate developers and property consultants today hailed RBI's decision to not raise the key policy rates, saying that the bold move by the apex bank would infuse positive sentiments in the property market.

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