Latest Realty News

Foreign investors add Indian online property portals to shopping cart
Jan 12, 2015
NEW DELHI: Indian businessman Navin Bhartia's Internet habits make him a dream customer for billionaire foreign media moguls like Rupert Murdoch
Anushka Sharma becomes brand ambassador for Ruparel Realty in Mumbai
Oct 17, 2014
Mumbai: Bollywood actress Anushka Sharma plays a new role as the brand ambassador for one of Mumbai's well known real estate companies — Ruparel Realty
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
Odisha has seen few takers in premium housing segment: Arup Dasgupta
Aug 18, 2014
Demand for housing in Odisha is passing through a sluggish phase even as shortage of housing stock is huge in the Country when compared to the demand as a whole, says Sri Arup Dasgupta, Regional Manager (Eastern Region), LIC Housing Finance Ltd
Tirupur Corporation to increase tax collection
Mar 27, 2014
TIRUPUR: Chairman of Taxation and Finance Standing Committee in Tirupur Corporation R. Chandrasekar presented the budget for 2014-15 financial year with fiscal deficit projected at Rs. 17.39 crore.
Nagpur Municipal Corporation starts planning for property, water tax hike
Jan 08, 2014
NAGPUR: Citizens are likely to face a hike in property tax and water tariff in the new financial year. The Maharashtra Municipal Corporation (MMC) Act makes it mandatory for civic bodies to plan and complete the process to revise taxes before February 20. Therefore, the civic body has started planning revision in both taxes considering the huge revenue deficit due to lack of improvements in tax collection and recovery system.
Inflation, rupee, sliding growth hit commercial property market
Dec 11, 2013
MUMBAI: Sentiment in the Indian occupier and investment real estate markets has been hit on account of deteriorating levels of growth in the economy, continuous fall in the rupee value, high retail inflation and subsequent rise in key policy rates, according to the RICS India Commercial Property Survey Q3 2013.
Isolux Corsán awarded 6 new contracts in India
Oct 05, 2013
MUMBAI: Isolux Corsán has been awarded 6 new contracts for the construction of different infrastructures in India, where the Company totalling the amount of 175 M€.
Morgan Stanley arm shelves project with Wadhwa Group
Sep 27, 2013
MUMBAI: Morgan Stanley Real Estate Fund was working on the structured finance deal with Mumbai based Wadhwa Group since January to invest in the latter's 1.6 million square feet office project in Bandra-Kurla Complex. Construction on the project, called ONE BKC, is due to be completed in the next 12-15 months.
NRIs keen to invest in real estate in India, says developer
Sep 22, 2013
LONDON/MUMBAI: As a sequel to recent depreciation in the rupee, Non-Resident Indians from around the globe have evinced interest to invest in real estate in India, a Mumbai-based real estate developer has said.
Realty developers unhappy over rate hike by RBI
Sep 21, 2013
NEW DELHI: Expressing disappointment over RBI's decision to hike the key policy rate, real estate developers said this would lead to increase in finance cost and also affect housing demand during the festive season.
New RBI chief Raghuram Rajan springs a surprise; home, auto loans set to cost more
Sep 21, 2013
MUMBAI: All eyes were on the new Reserve Bank of India governor Raghuram Rajan and his first monetary policy review two days after his US counterpart, Federal Reserve chairman Ben Bernanke, on Wednesday sprung a very pleasant surprise on global markets by not rolling back the Fed's stimulus package. An overwhelming majority of economists and market analysts forecast Rajan wouldn't touch interest rates; a hopeful minority ventured he would cut rates to boost consumer demand and economic growth.
In sign of downturn, Indian retail landlords finally capitulate on price
Sep 21, 2013
MUMBAI: In a capitulation that speaks to the depth of the slump in India's economy, usually tight-fisted retail landlords have become uncharacteristically flexible on rents, as Lacoste India CEO Rajesh Jain knows well.
Buying property: NRIs ride the rupee slide
Sep 14, 2013
MUMBAI: Now is the time for developers to offer incentives to attract customers, particularly non-resident Indians. A senior executive at a housing finance institution says it is working on organising a property event targeting NRIs.
Slowdown in real estate forces builders to cut prices and dole out freebies
Sep 02, 2013
DELHI: There are no takers for close to 6 lakh homes in the country, forcing builders to cut prices and dole out freebies, which many hope will herald the much-awaited correction in the home market ahead of the festival season.
Realty players use social media to tap Net-savvy NRIs
Sep 02, 2013
DELHI: The depreciating rupee has turned out to be a blessing in disguise for big-ticket properties across India. With properties almost 30 per cent cheaper for non resident Indians (NRIs), real estate majors have stepped up their efforts, hitch hiking on social media and marketing premium deals to net-savvy NRI customers.
Falling rupee: No worries for high-end property developers
Aug 26, 2013
MUMBAI: The depreciating rupee is still no cause of concern for domestic developers of high-end residential and commercial spaces who import over $10 billion of material and services annually.
Mumbai: Decks cleared for auction of Swadeshi Mills' 48-acre land
Aug 25, 2013
MUMBAI: Clearing the decks for the auction of the land and other assets of the defunct Swadeshi Mills, spread over 48 acres in suburban Sion, the Bombay High Court today upheld a single judge's order allowing its winding up.
Provide incentives to affordable housing sector: Adi Godrej
Aug 25, 2013
KOCHI: Godrej Group Chairman Adi Godrej today asked the Centre to provide incentives to the affordable housing sector as more thrust needs to be given to this segment.
Realtors call for urgent implementation of REITs
Aug 25, 2013
MUMBAI: With investor sentiment waning and the rupee plunging to new lows everyday, there is an urgent need for implementing the real estate investment trusts (REITs) to ensure more liquidity in the sector, say experts.
Mumbai: Decks cleared for auction of Swadeshi Mills' 48-acre land
Aug 24, 2013
MUMBAI: Clearing the decks for the auction of the land and other assets of the defunct Swadeshi Mills, spread over 48 acres in suburban Sion, the Bombay High Court today upheld a single judge's order allowing its winding up.
Builders hope to ride on rupee depreciation crisis
Aug 24, 2013
MANGALORE: The real estate and construction industries that are reeling under a crisis following Saudi Arabia's Nitaqat programme is hoping that the current depreciation of rupee against dollar will get them back on track.
Real estate body calls for use of 'Made in India' materials
Aug 23, 2013
MUMBAI: Raising serious concerns on continuous weakening of rupee against dollar, real estate body NAREDCO today appealed to developers to cut down imports of building construction material and instead use domestically manufactured product.
RBI move to limit forex outflows could impact overseas property buys
Aug 17, 2013
HYDERABAD: The Reserve Bank of India's move to limit foreign exchange outflows from resident individuals is likely to impact Indians making investments abroad in property and education.
RBI move to limit forex outflows could impact overseas property buys
Aug 16, 2013
HYDERABAD: The Reserve Bank of India's move to limit foreign exchange outflows from resident individuals is likely to impact Indians making investments abroad in property and education.

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