Latest Realty News

Centre’s plan of smart cities has tunnel vision: Experts
Aug 19, 2014
The Union government's plan to build 100 smart cities across the country will lead to conversion of thousands of acres of farmland into commercial and residential establishments, said experts
Karnataka HC stops sale of flats at Mallya's luxury Kingfisher Towers
Aug 18, 2014
UB group Chairman Vijay Mallya has got another problem to deal with. After razing his ancestral bungalow, housed in an expansive 4.5-acres of prime location in the central business district of Bangalore, Mallya's attempt to unlock value in the land by building the luxury Kingfisher Towers has been stalled.
Commercial plots scheme launched in twin cities
Aug 16, 2014
The twin authorities of Noida and Greater Noida launched commercial schemes for entrepreneurs and investors ranging from 80 sq metres to 372 metres in size in Noida and shops and kiosks in Greater Noida
Concrete step for housing projects in Delhi
Jul 12, 2014
DELHI: Housing and basic services for the economically weaker sections have got a fillip in this year’s Budget. Besides Rs 700 crore for water and power reforms, the city has received a grant of Rs 1,350 crore, of which Rs 700 crore is for development projects under the Jawaharlal Nehru National Urban Renewal Mission.
Campa residents see hope in SC’s remark
Jul 10, 2014
MUMBAI: The residents of Worli’s Campa Cola Compound believe that the Supreme Court’s latest observations have offered them a ray of hope. But legal experts are cautious in their opinion on whether this paves the way for regularization of the unauthorized floors of the compound’s buildings.
Thane, Navi Mumbai flat prices up 85%
Jul 09, 2014
MUMBAI: A five-year price analysis of residential realty market in 11 cities shows that the ever-expanding Navi Mumbai and Thane have registered the highest percentage of increase in home prices across the country. They are followed by Mumbai.
Budget 2014: Suggested amendments for real estate
Jul 07, 2014
DELHI: The real estate sector happens to be one of the very important sectors for the overall growth of the economy. Since the new government, led by Prime Minister Narendra Modi, has taken a pragmatic view of providing housing to all by 2020, it becomes very important that certain amendments are made in the law for the real estate sector.
Mumbai: Residential demand increases in eastern suburb
Jul 07, 2014
MUMBAI: The hitherto low-profile eastern suburb of Mumbai, starting from Kurla to Thane on the Lal Bahadur Shastri Marg, is fast becoming the next commercial hub of the city with tiny office complexes and new-age retail destinations, giving tough competition to its southern and western counterparts such as Nariman Point, Worli-Lower Parel and Bandra-Kurla Complex, among others.
Not a single Campa Compound resident returns keys
Jun 15, 2014
MUMBAI: The deadline for vacating illegal flats in Worli’s Campa Cola compound lapsed at 5pm, June 12, but not a single resident submitted keys to their ward office, as asked by the BMC. The civic body now plans to enter the premises on June 17 to cut electricity, water and gas connections, following which it will start demolishing the internal walls of the flats to make them uninhabitable.
Campa residents divided as deadline gets over
Jun 15, 2014
MUMBAI: June 12 marks the final deadline for residents of the illegal flats at Worli’s Campa Cola compound to vacate their apartments and hand over the keys to the local G South ward office. The BMC on June 13 is likely to serve notices, saying they will enter their premises and take action to evacuate the occupants.
Pune’s real estate market is balancing both worlds
Jun 14, 2014
PUNE: Witnessing a surge in residential and commercial spaces, Pune real estate market has been expanding its horizons.
Land rates hiked in Noida, Yamuna e-way areas
Jun 03, 2014
DELHI: Buying a property in Noida and along the Yamuna expressway has become more expensive.
Oshiwara is poised for growth in Mumbai
May 21, 2014
MUMBAI: Located between Jogeshwari and Goregaon, Oshiwara is the sovereign destination along with a superlative infrastructure setup and excellent connectivity to all parts of Mumbai.
Realty sector awaits booster dose
May 21, 2014
DELHI: Buyers—end users and investors—must make up their minds soon and enter the market, as prices are expected to appreciate once a new government is sworn in. A new, stable government will have a positive influence on the economic growth story, which has been sluggish in the past few months. With revival of the economy, the demand for real estate is expected to improve drastically, which would further lift the prices in the sector. Naturally, with the talk of a new government, all the stakeho
Infrastructure drives real estate along NH3
May 21, 2014
MUMBAI: Infrastructure growth has given impetus to the real estate market across India. The widening of the eastern express highway and construction of a number of flyovers on this stretch led to the increased accessibility of Thane and adjoining areas to south and central Mumbai, resulting in rapid development of Thane and adjoining areas. Similarly, the areas along the National Highway 3 (NH3) are also likely to see considerable transformation, due to its widening into a four-lane highway.
Top 10 trends of India’s residential sector
May 20, 2014
DELHI: India’s residential sector is passing through interesting times. JLL India’s Real Estate Intelligence Service has identified the top ten trends of the Indian residential sector over the past two or three quarters:
Bangalore’s high-end realty draws NRI investors
May 10, 2014
BANGALORE: With the drop in rupee value and foreign currency getting stronger, many NRIs are evincing interest in picking up residential property in the city. Bangalore is being viewed as a luxury market destination and ticks many of the boxes that work in favour of a good city to invest in.
Pay property tax even on holidays this month
May 09, 2014
PUNE: The civic administration has planned to keep the property tax payment facility open even on holidays this month, so that the maximum number of citizens can avail of the discount offered on payments made before May 31.
Private equity investments in real estate sector up 28% in Q1
May 08, 2014
HYDERABAD: The real estate sector recorded Rs 2,800 crore in private equity investments during the first quarter of 2014, an increase of 28 per cent compared to the previous quarter and nearly 2.5 times the investment in Q1 2013, according to real estate consultancy Cushman & Wakefield.
APG and Xander launch $300 million India office fund
May 05, 2014
DELHI: Dutch pension fund manager APG Asset Management and PE firm Xander have launched a $300 million (Rs 1,800 crore) fund that will buy high quality income-generating office assets in India's main office markets.
EOW Proposes to Attach Assets of Two Chit Fund Companies
May 02, 2014
BHUBANESWAR: The Economic Offences Wing (EOW) on Saturday proposed for attachment of assets of two chit fund companies which had been booked for running illegal money circulation schemes in the State.
DDA housing scheme delayed by six months
May 02, 2014
DELHI: The Delhi Development Authority (DDA)’s latest housing scheme with about 3,000 flats on offer will be delayed by at least six months due to the incomplete construction of flats as well as ongoing elections. The housing scheme, which was announced after a gap of four years, was expected to roll out last month.
Report: With results ahead, realty segment positive about future trend
Apr 30, 2014
MUMBAI; As the country awaits the election verdict, both the current as well as future sentiment in the realty industry depicts a significant upward trend, reveals the latest quarterly Real Estate Sentiment Index report by FICCI-Knight Frank.
New home launches up by 43% in Jan-March: Cushman
Apr 29, 2014
DELHI: Over 55,000 housing units were launched in January-March period in top eight cities of the country, up by 43 per cent from the previous quarter.
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.

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