Latest Realty News

Banks seek priority sector tag for loans to affordable home builders
Jul 22, 2013
MUMBAI: The Reserve Bank of India is examining a plea by banks to recognise loans given to builders/developers of affordable housing projects as priority sector lending.
India Ratings maintains negative outlook for construction sector
Jul 17, 2013
HYDERABAD: Liquidity related concerns and execution challenges continue to impact the infrastructure sector in the country, according to India Ratings & Research.
'Liquidity improvement, faster execution crucial for construction sector'
Jul 13, 2013
HYDERABAD: Liquidity related concerns and execution challenges continue to impact the infrastructure sector in the country, according to India Ratings & Research.
Bank credit to housing sector falls to 9.5%: RBI
Jun 28, 2013
MUMBAI: The Reserve Bank today said despite a steep fall in bank credit to the housing sector, which in turn brought down demand, house prices in some of the major urban centres have been on the rise.
Loans for home buyers, builders to get cheap
Jun 23, 2013
MUMBAI:In order to give a fillip to the housing sector at a time when the economy is facing a slowdown, the Reserve Bank of India on Friday announced two measures that will increase flow of bank credit to builders/developers and individuals buyers.
Credai hopes efforts on reforms will continue
Jun 21, 2013
MUMBAI: The Confederation of Real Estate Developers’ Association of India is hopeful that the new Union Housing Minister, Girija Vyas, will continue the unfinished task of her predecessor on reforms.
More power to the home buyer
Jun 19, 2013
DELHI: Two years after the Union housing ministry came out with a draft bill to regulate the real estate sector, the final bill is ready to be introduced in Parliament during the upcoming Monsoon Session. The keenly-awaited bill, which promises a transparent regime that would uphold the interest of the home buyer, is being seen as a game-changer in a largely unregulated sector, even though some of its provisions have come for some flak from the real estate industry. As housing minister Ajay Make
‘Investment in IT corridors can reap good benefits’
Jun 08, 2013
DELHI: The real estate sector in India is on a high growth path, and IT industry has a major role to play. The influx of IT set-ups across India has given a push to the demand and supply of residential as well commercial space in the country.
Single-window approval for projects sought
May 28, 2013
Credai, the apex body of real estate developers in the country, has urged the Government to introduce single-window approvals for projects at the earliest.
Chidambaram urges UAE investment in infrastructure sector
May 26, 2013
Seeking more foreign investment into India, finance minister P Chidambaram on Sunday met sovereign wealth funds here and discussed scope for investing into the infrastructure sector and corporate bonds.
What will Budget 2013 hold for the real estate sector?
Feb 26, 2013
Will Budget 2013 give the Indian real estate market enough lift to help it kickstart a sagging economy? Historically around the world real estate and infrastructure are sectors that can add a lift to the economy when it stagnates.
Budget 2013-14: The pragmatic realty sector is moving beyond rhetoric
Feb 13, 2013
Come budget and the real estate in the last few years seems to have been repeating the rhetoric of industry status. As a result, year after year it has been a case of realty proposes and the Finance Minister disposes. However, the sector on the eve of 2013-2014 makes a strategic shift to be more realistic with its causes and concerns .
Investment in private sector high in Odisha: ASSOCHAM
Oct 27, 2012
Odisha continues to perch high among the States attracting maximum investment, ranking second after Gujarat in terms of share in private sector inflow, across domestic and international, as of June 2012, the ASSOCHAM stated on Friday.
Housing sector may see some price correction: NHB
Oct 12, 2012
New Delhi : Housing finance firms' regulator NHB today said there may be "some price correction" in the housing segment as there is inventory build-up in some areas. "Such projects which are not selling on account of high price perception may see some price correction partly in the light of current downward revision in the housing loans," National Housing Bank (NHB) Chairman and Managing Direc
Private equity investments in reality sector dips by 15 pc
Oct 04, 2012
BANGALORE: Private equity investments in the Indian real estate sector have seen a drop of 15 per cent in the first three quarters of calendar year 2012, compared to a year ago. This year has so far seen investments of close to Rs 3,500 crore across residential and commercial property segments compared to Rs 4,110 crore in the same period last year, said property advisory firm Cushman & Wakefi
Noida sec 75, 120 construction stayed
Oct 04, 2012
Allahabad: Projects of at least 6 builders in Noida hit, petition says land wasn’t formally acquired from farmers. The Allahabad High Court on Wednesday stayed construction of multi-storey residential projects of nearly half a dozen private developers in Sector 75 and Sector 120 of Noida. The court took the decision while hearing of a petition, which alleged that the Noida Authority allotte
Government may relax lending norms for cash-strapped reality sector
Sep 30, 2012
NEW DELHI: The Finance Ministry is considering a proposal to relax funding norms for the realty sector so that good housing projects are not starved of funds. "The Ministry is actively looking at options ... how to ramp up demand in the housing sector. We are studying all the possible impediments," an official source said. "We are of the view that good project will be funded," the source sa
Real estate slump hits Punjab stamp duty revenue
Sep 02, 2012
Slowdown in the real estate sector is casting its shadow over Punjab’s revenue collection from stamp duty and registration fee. In the first five months (April-August ) of the current financial year, the state witnessed a decline of 15 per cent in receipts, compared to the same period in the previous financial year. State government data reveal that revenue collected from stamp duty and regist
Realty sector sees most accounting variations: CBDT
Aug 22, 2012
New Delhi: Tax authorities have blamed the opaque practices in the real estate sector, all-cash deals by small scale producers, capital market regulator Sebi’s lack of reach on the ultimate beneficiaries of offshore instruments and informal stock trading outside the exchanges for the generation of black money. In a report presented to the finance ministry last week, a panel led by the Central
CREDAI seeks reform in real estate sector
Jul 19, 2012
CREDAI, the apex body for real estate developers, today called for comprehensive reforms in areas related to land administration, banking and taxation to boost the sector and help end the shortage of 26 million of houses in the country. After its governing council meet, the Confederation of Real Estate Developers Association (CREDAI) unveiled 10-point agenda to revive the realty sector, wh
Policy paralysis hit realty sector in big way: CREDAI
Jul 18, 2012
NEW DELHI: Realtor's body CREDAI today said the government's policy paralysis has severely impacted the real estate sector which is facing stagnation in growth. "The economy is in a bad shape and there is an all round despair. We have been witnessing a widespread criticism -- in India and abroad -- and policy paralysis has impacted the real estate industry in a big way," CREDAI National Presi

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