Latest Realty News

Bengaluru-in-top-20-commercial-real-estate-investment-cities-
Nov 17, 2015
MUMBAI: After emerging as one of the top 20 technology-rich cities globally, Bengaluru has made debut in the list of top 20 commercial real estate investment cities in the world, says a Jone Lang LaSalle report.
Centre-legalizing-illegal-colonies:-HC
Feb 06, 2015
New Delhi: The Delhi high court raised questions on the recent amendment to the National Capital Territory of Delhi Laws (Special Provisions) by the government, saying that Centre is "legalizing the illegal"
Second-hand homes in demand
Dec 05, 2014
HYDERABAD: The sluggish movement of the real estate market notwithstanding, the sale of 'second hand homes' in the city has seen an impressive growth over the past few months
Flexible PPP pact to woo industry for smart city
Sep 18, 2014
The Narendra Modi government is working on a “flexible” PPP (public-private partnership) model and efficient urban mobility schemes such as metro and monorail as the primary peg to realise its ambitious project to develop 100 smart cities
'Checks can't stop illegal construction'
Sep 18, 2014
Illegal constructions in the city can't be stopped by "inspector raj" even if the court provided 500 policemen to the corporations, South Delhi Municipal Corporation told the Delhi high court
Election impact may hold back Mumbai, Gurgaon realty
Sep 15, 2014
Maharashtra and Haryana, the two states headed for legislative Assembly elections on October 15, have another thing in common. They are among the most prominent property markets and together are estimated to constitute 30-40 per cent of the pan-India real estate universe
Real estate revival may begin this festive season
Sep 07, 2014
This could be the beginning of a revival in the real estate sector. After two dry festival? seasons for property launches, developers are gearing up for action this time
Inspection heat on town planner flayed for not inspecting 4 colonies
Aug 22, 2014
Four RWAs — Mayfield Gardens, Parasvnath Exotica , Uppal's Southend and Ardee City-I — have come down heavily on the senior town planner for not carrying out on-spot inspections, despite several requests and even an order from deputy commissioner Shekhar Vidhyarthi
Corporation names property tax defaulters on its website
Aug 22, 2014
The city corporation has finally uploaded on its website the list of property tax defaulters in Chennai, Malls, star hotels, govt among major property tax defaulters
Pricey realty deals: Cipla's Yusuf K Hamied & KKR's Sanjay Nayar buy Breach Candy’s Sea Face Park ho...
Apr 09, 2014
MUMBAI: Drug major Cipla's Yusuf K Hamied and private equity giant KKR's Sanjay Nayar have bought sea-facing 3-bedroom apartments in Breach Candy's Sea Face Park in South Mumbai, in what are the second most expensive apartment deals across the country.
Homi Bhabha's bungalow put on the block, priced at Rs 257 crore
Mar 13, 2014
MUMBAI: The iconic bungalow where Dr. Homi J Bhabha, father of India's atomic energy programme lived for years, has now been formally put on block. The reserve price for the property, which had been home to the illustrious Bhabha family including Dr. Homi Bhabha and Dr. Jamshed Bhabha, is set at Rs 257 crore.
Top seven metros account for over 70% of India's total retail stock
Feb 12, 2014
MUMBAI: Mumbai, NCR Delhi, Chennai, Kolkata, Bangalore, Pune and Hyderabad are the leading cities for retail and real estate operations in India as they account for over 70% of the country's total retail stock.
South Mumbai property owner traced to Malad ashram
Jan 28, 2014
MUMBAI: Nikhil Jhaveri, the owner of the defunct Palm Beach School, Nepean Sea Road, who was missing for more than a month, was traced to a shelter for destitute people in Malad on Sunday. Ironically, the Borivli police enrolled him, but did not communicate the information to the Samta Nagar police, who were looking for him.
Investors stuck with their realty assets due to poor demand
Dec 05, 2013
KOLKATA: Short to middle-term parking of investible surplus is beginning to be quite a problem for that breed of near-faceless individual businessmen who look for suitable assets to invest in only to exit with a decent profit as soon as they can. There are hundreds like these across the country and their favourite parking slots are equities, gold and real estate.
Commercial real estate segment to remain subdued: CBRE
Dec 04, 2013
DELHI: Demand for commercial real estate is likely to remain subdued in the medium term as corporates continue to be in a consolidation mode while excess supply may put pressure on capital and rental values, property consultant CBRE said today.
Dewan Housing Finance gets $85 million from IFC for housing green mortgages
Nov 07, 2013
MUMBAI: World Bank group company IFC said it will extend $85 million in loan to Dewan Housing Finance for affordable and energy-efficient housing.
Office space supply falls sharply by over 75% in Jul-Sept
Oct 22, 2013
DELHI: Office space supply fell by more than 75 per cent during July-September period in the top seven cities compared with the previous quarter due to high vacancy in completed buildings and poor commitments in the under- construction projects, according to property consultant CBRE.
Office space absorption to reach 132 million sqft by 2017: Report
Oct 02, 2013
MUMBAI: Bullish on the revival of the economy after general elections, real estate consultancy firm Cushman & Wakefield expects nearly 132 million sqft of office space, across the eight major metros, to get absorbed by 2017.
South Delhi's property prices down by 20-35%, Defence Colony and Vasant Vihar worst hit
Sep 11, 2013
DELHI: Prices of homes in upscale South Delhi have dropped by 20 per cent-35 per cent over the last one year, with developers and cash-strapped investors offering big discounts to dispose off their assets in a slowing economy.
South Delhi's property prices down by 20-35%, Defence Colony and Vasant Vihar worst hit
Sep 10, 2013
DELHI: Prices of homes in upscale South Delhi have dropped by 20 per cent-35 per cent over the last one year, with developers and cash-strapped investors offering big discounts to dispose off their assets in a slowing economy.
Sale of South Mumbai’s high-end luxury homes drops by 30%
Sep 10, 2013
MUMBAI: High-end properties in South Mumbai have fewer takers in a gloomy economy. While property appreciation in Sobo, as the area is fondly called, has dropped to 10 per cent from 30 per cent two years ago, rental yields have fallen by more than half. "All the newer projects in South Mumbai are in the ultra-luxury segment and it's difficult to find buyers for these higher configuration and big-ticket homes in the current market," said Akhil Kapur, owner of real estate brokerage firm AJ Housing
Cushman & Wakefield buys out talent pool of Lemongrass Advisors
Sep 05, 2013
KOLKATA: Global property consultant Cushman & Wakefield (C&W) has acquired the entire team of Lemongrass Advisors, a city-based real estate consultancy firm, for an undisclosed amount. The buyout, which comes close on the heels of C&W's acquisition of Singapore-based project management company Project Solution Group two months ago, is aligned with its global strategy to strengthen operations — both organically and inorganically — in the Asia Pacific.
RBI should allow flexibility in housing loan schemes: CBRE
Sep 05, 2013
New Delhi: Anshuman Magazine, Chairman & MD, CBRE South Asia Pvt. Ltd. says, “The RBI’s decision to disallow banks from granting loans for under-construction projects through innovative schemes will adversely affect the sale of projects where such schemes were prevalent. No doubt banks should do their due diligence and assess risks before agreeing to fund these schemes. However they should be allowed the flexibility of such schemes which encourages more people to own homes.”
Impact of land acquisition bill on the real estate scenario in India
Sep 01, 2013
DELHI: The LARR Bill is expected to majorly affect the development of large infrastructure development projects, industrial projects, integrated township projects and if they are brought under the ambit of this law.
Impact of land acquisition bill on the real estate scenario in India
Aug 31, 2013
DELHI: The LARR Bill is expected to majorly affect the development of large infrastructure development projects, industrial projects, integrated township projects and if they are brought under the ambit of this law.

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