Latest Realty News

Jones Lang LaSalle India's PE arm makes final close of maiden fund
Feb 12, 2014
BANGALORE: Global real estate services firm Jones Lang LaSalle Indian arm has raised Rs. 161 crore through its first fund focused on residential sector in India, a development that marks a cautious return of risk capital to the country's beleaguered property market.
‘Landed’ Ahmedabad is squatting on its treasure
Feb 11, 2014
AHMEDABAD: About 47% of public land worth nearly Rs 50,000 crore in Ahmedabad is fit to be sold by the government, says a paper by the World Bank. Out of 3,102 hectares of public land, the state can market 1,699 hectares and use the finances to fund urban infrastructure, the paper recommends. It implies per capita availability of fiscal resources amounting from Rs 36,000 to Rs 97,000 by marketing this public land.
FDI in retail sector will boost mall growth
Feb 08, 2014
MUMBAI: Malls have come to stay in India. With the emergence of new urban centres, ballooning of urban middle-class aspirations, rising incomes and expanding consumer spends, the mall culture is taking roots. Susil Dungarwal, Chief Mall Mechanic and founder of Beyond Squarefeet, a mall advisory firm, helps the trend grow by hand-holding developers to make better malls and do better business.
Services sector contracts for 7th straight month: PMI
Feb 08, 2014
DELHI: In January, India’s services sector contracted for a seventh consecutive month, showed the HSBC Purchasing Managers’ Index (PMI).
Housing sector: A glimpse into the problems and possible solutions
Feb 08, 2014
HYDERABAD: The housing sector defines the overall social health of the population of a country. Apart from its contribution to the country’s GDP, construction of housing increases the civil welfare of a society by improving the social capital of a nation. Consumption expenditure by individual and households consists of a sizeable mix of expenses incurred on rent, utilities, related taxes, etc., all of which are also contributions of the housing sector, to the GDP of an economy.
Housing Start Up Index launched for 27 cities
Feb 04, 2014
DELHI: There is a declining trend in the construction of housing activities in big cities like Kolkata and Chennai whereas a growth is apparent in small cities like Bhopal and Hubli in the housing sector, according to the Housing Start Up Index.
Brokers in NCR region integrate to grow in relevance
Jan 31, 2014
DELHI: A large number of Delhi-NCR based small real estate brokers are joining popular platforms to get a wider bottom-up reach. While these big platforms are educating the nuances of modern day practices adopted by the industry to small brokers, apart from giving them the brand value, the former too is benefiting by getting more penetration into the micro markets. Experts believe that adopting technology and remaining connected is the only way out, working in isolation would make them obsolet
Mumbai finds no takers for super-luxury Rs 100-crore palatial flats
Jan 31, 2014
MUMBAI: The palatial 15,000 sq ft duplexes in the under-construction 55-storey Sasen building on tony Napean Sea Road offers the country’s costliest residences at Rs 100-120 crore each. But for six years now, the project, earlier known as Lotus Villa, has not sold a single unit.
Landmark hotel to make way for apartments
Jan 30, 2014
CHENNAI: The hospitality sector in Chennai is going through rough weather with many a hotel being put on the block for want of patronage. In less than a year, the city is all set to lose its third hotel to real estate promoters.
Mint producer KV Group enters realty business
Jan 30, 2014
DELHI: KV Group, a leading producer of mint, has forayed into the real estate sector with its first housing project in Greater Noida and is expecting a sales realisation of Rs 300 crore over the next three years.
Tata Steel expects demand to grow 6-8% next fiscal
Jan 30, 2014
MUMBAI: Tata Steel expects steel demand to revive next fiscal and grow six to eight per cent with the new government driving investments in the infrastructure sector.
Repo rate hike will deepen crisis in real estate: Credai
Jan 29, 2014
HYDERABAD: The Confederation of Real Estate Developers’ Associations of India (Credai) has expressed concern over the RBI decision to increase the repo rates by 25 bps to 8 per cent in the monetary policy review.
Business leaders decry rate rise
Jan 29, 2014
MUMBAI: The Reserve Bank of India (RBI)'s raising of the repo rate (at which it lends to banks for the short term) by 0.25 basis points is aimed to control rising prices rather than to encourage economic growth, say chief executives (CEOs) of companies.
Project money being diverted to fund poll campaigns, realtors fear labour crisis too
Jan 28, 2014
DELHI: In Noida, part of the National Capital Region and home to a burgeoning middle class, a builder is wondering where he'll find the money to finish building about 1,200 apartments that are to be delivered by the middle of next year. Unless he can find some cash, the construction will grind to a halt. But all the usual sources of funds have dried up, at least until the general election is over.
SEBI to consider new policy for mutual fund sector soon
Jan 28, 2014
MUMBAI: Market regulator SEBI plans to consider a new long-term policy for the mutual fund sector at its next board meeting to be held soon.
Affordable housing to remain in demand in 2014
Jan 27, 2014
MUMBAI: The year 2013 was the period of reforms and surprises for real estate industry. Government landed the sector with policy reforms to restrict land disputes across India, introduced REIT for healthy funding and also relief through various changes in act then at the same time buyers were worrying about rising inflation and interest rates that affected home loan amount.
Organised Retail Estate Space Grows by 78 Per Cent
Jan 24, 2014
MUMBAI: Despite the slowdown, malls are mushrooming in different parts of the country especially smaller cities. The total organised retail supply in 2013 stood at approximately 4.7 million sq. ft., a year on year growth of about 78%, over the total mall supply of 2.5 million sq. ft. in 2012, said a report by international real estate consultants CBRE.
Investors turn to realty as gold loses sheen after curbs
Jan 24, 2014
MUMBAI: The government's efforts in the past few months to curtail gold demand may have come as a saving grace for the real estate sector. For months, realty had been going through a slump in the country with high prices keeping the end-user demand low. As the government's efforts to moderate gold demand through import duties and other stricter norms began around July, investors and speculators shifted their focus from the yellow metal to real estate, said a report by India Ratings, the Indian a
Slump hits real estate sales, revenue
Jan 23, 2014
NASHIK: The slowdown, increased land prices, rising cost of construction materials have badly affected the realty sector and around 4,000 ready flats across the city are reportedly lying unsold.
Real estate prices still high despite weak demand: India Ratings & Research
Jan 22, 2014
MUMBAI: India Ratings & Research has maintained a negative to stable outlook on the real estate sector for 2014-15 on the back of continued weak end-user demand and adverse consumer sentiments.
Real estate prices still high despite weak demand: Ind-Ra
Jan 22, 2014
MUMBAI: India Ratings & Research has maintained a negative to stable outlook on the real estate sector for 2014-15 on the back of continued weak end-user demand and adverse consumer sentiments.
Innovations, technological developments in construction
Jan 21, 2014
MUMBAI: During the past decade, the construction industry has adopted various innovative tools to curb costs, reduce timelines and improve safety standards during project development.
Private firms to develop industrial estates in TN
Jan 21, 2014
CHENNAI: Tamil Nadu will soon have industrial estates developed by consortiums of private companies coming up in various parts of the state. The traditional method has been for government agencies to facilitate the development of industrial parks and offer space to industry.
Real estate (office) urged to contribute to new international standard
Jan 21, 2014
MUMBAI: The International Property Measurement Standards Coalition (IPMSC) has launched a public consultation on theInternational Property Measurement Standard (IPMS) for office buildings.
‘Construction bandh’in Kerala from today
Jan 21, 2014
KOCHI: The construction sector in Kerala will shut down for three days from Monday in response to a ‘construction bandh’ called by the Confederation of Construction Organisations, which consists of nearly two dozen associations such as those of architects, house painters, builders and quarry operators.

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