Latest Realty News

DLF to cut debt by Rs 4,000 cr in FY'14 as targeted
Aug 04, 2013
DELHI: India's largest realty firm DLF will cut debt by about Rs 4,000 crore this fiscal as targeted even if the company is unable to close the USD 300 million deal to sell the luxury hotel chain Amanresorts.
HC rejects realtor's bail
Aug 01, 2013
CUTTACK: The Orissa high court on Tuesday rejected the bail application of realtor Tirupati Panigrahi and two of his associates, who were arrested in December last year for allegedly duping land buyers of crores of rupees.
Private equity investment in realty drops 46% in first half to Rs 1,638 crore
Jul 30, 2013
DELHI: Private equity investment in the real estate sector fell by 46 per cent to $ 276 million in the first half of 2013 due to lack of good projects and weak sentiments, property consultant Cushman & Wakefield said.
Sobha Developers' Q1 sales bookings up 26 per cent at Rs 602 crore
Jul 21, 2013
DELHI: Sobha Developers' sales bookings rose by 26 per cent to Rs 602.8 crore in the April-June quarter of this fiscal, as the company sold more area at a higher price despite overall slowdown in housing demand.
Reality check for realty sector
Jul 09, 2013
BHUBANESWAR: In a worrying trend for realtors, housing prices in the city has stagnated at pre 2009-2010 level. Several factors, including supply exceeding demand and eroding people's trust on developers due to series of scams are to blame, industry watchers said.
Rupee depreciation may boost NRI investments in realty sector
Jun 29, 2013
MUMBAI: The depreciation in rupee provides a psychological boost to both non-resident Indians as well as developers, real estate consultancy firm Cushman & Wakefield said.
Weak rupee draws NRIs to Indian realty
Jun 22, 2013
DELHI: Rupee depreciation may be bad news for the Indian economy, but not so for the non-resident Indians scouting for property back home. Cashing in on the opportunity to buy residential units cheaper by up to 20%, NRIs are queueing up big time.
Purple Bay makes foray into housing projects at Tirupur
Jun 20, 2013
COIMBATORE: City-based real estate home decors company Purple Bay Foundation today made its foray into housing development projects at the nearby hosiery hub of Tirupur.
NRIs eye real estate to get bigger bang for weaker buck
Jun 17, 2013
HYDERABAD: Rupee depreciation has been a matter of concern for most segments. But there is one section, the non-resident Indian community, which is keen to make the most of this development to make investments in the real estate.
Fresh charges: CB to quiz Tirupati again
Jan 01, 2013
BHUBANESWAR: The Crime Branch is likely to take Hi-Tech Group chairman Tirupati Panigrahi on remand again next week for further interrogation, even as the first round of two-day questioning ended on Sunday.
Tirupati Panigrahi held in Bhubaneswar for land ‘fraud’
Dec 26, 2012
BHUBANESWAR: The Crime Branch of Odisha police on Tuesday arrested noted businessman and vice-president of Odisha Cricket Association Tirupati Panigrahi and two of his relatives here for allegedly reneging on the promise of providing residential plots to two men after taking money from them in 2009.

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