Latest Realty News

22-more-developers-seek-govt-nod-to-cancel-SEZs
May 07, 2015
NEW DELHI: A few months after government cancelled 56 SEZ projects, 22 more developers have approached the government to surrender their tax free zones
Maharashtra-mulls-SEZ-Prevention-of-Land-Speculation-Bill
May 05, 2015
MUMBAI: The Maharashtra government plans to introduce a 'SEZ Prevention of Land Speculation Bill'
Brigade-Group-acquires-HUL-land-in-Bengaluru
Mar 25, 2015
Bengaluru: Bengaluru-based property developer Brigade Group has announced the acquisition of Brooke Bond Real Estate Pvt Ltd (BBREPL)
On-SEZ-land,-a-global-smart-city
Mar 25, 2015
NEW DELHI: About 800 acres of the total land the Haryana government got back from Reliance Haryana SEZ Limited (RHSL) in February last year will be developed as a global city having all the attributes of a smart city
Dubai-realty-firm-interested-in-Mihan
Feb 11, 2015
NAGPUR: A proposal mooted by Dubai-based realty company Smart City for building a township spread over 400 acres in Mihan
Infra-projects-give-big-push-to-realty-sector
Jan 29, 2015
Hyderabad: Several initiatives proposed by the State government for improving infrastructure for industries and special economic zones has come as a major fillip for the realty sector in the past few months
Blackstone buys 3C Group's SEZ for Rs 625 cr
Dec 17, 2014
MUMBAI, NEW DELHI: American private equity fund Blackstone has acquired an IT special economic zone of 1.5 million square feet owned by real estate developer 3C Group for Rs 625 crore
CAG trashes SEZ Policy for diverting land to realty projects
Nov 29, 2014
New Delhi: The CAG has trashed the Special Economic Zones (SEZs) Policy as it has ended up diverting huge tracts of land acquired for setting up manufacturing facilities and generating jobs to real estate projects
Unitech group firm sells six realty projects for Rs 1,850 cr
Nov 06, 2014
Gurgaon: Unitech Corporate Parks (UCP), the London listed Unitech group firm, said that the company had completed a deal to sell its stakes in six IT-SEZ projects in India
Realty major Brigade Group to invest Rs500 crore in GIFT as co-developer
Oct 18, 2014
Bangalore: Bangalore-based realty major Brigade Group has announced that it will invest Rs. 500 crore in Gujarat International Finance Tec-City (GIFT City)
Govt set to give SEZs a fresh lease of life
Sep 11, 2014
India’s special economic zones (SEZs), stranded for want of state patronage over the past three to four years and which have plunged into a crisis, are likely to regain ground
Reliance Haryana SEZ returns Gurgaon, Jhajjar land to Haryana Infra Corporation
Sep 01, 2014
Reliance Industries Ltd (RIL) has announced that its group company Reliance Haryana SEZ Limited (RHSL) has returned 1,383.68 acres of land in Gurgaon acquired from Haryana State Industrial & Infrastructure Development Corporation (HSIIDC) for setting up special economic zones (SEZs) owing to revision of strategic priorities
Haryana Janhit Congress vows to return SEZ land to farmers
Aug 30, 2014
A day after snapping its three-year-old ties with BJP, Kuldeep Bishnoi-led Haryana Janhit Congress on Friday announced its manifesto for the assembly elections, vowing to return farmland "unscrupulously" seized in the name of Special Economic Zones in Gurgaon to "original owners".
Unitech in talks to sell two hotels in NCR for about Rs 600 crore
Jan 16, 2014
DELHI: Realty major Unitech plans to sell its two hotels in Noida and Gurgaon for an estimated Rs 600 crore as part of the strategy to divest commercial properties.
With new SEZ norms in place, HDIL decides not to sell 70-acre land in Kochi
Aug 18, 2013
MUMBAI: Following relaxation in SEZ norms, debt-laden property developer HDIL has decided to scrap its plan to sell the 70-acre land parcel at Kochi Special Economic Zone and is now looking to construct IT infrastructure there.
Demand for office space up around Whitefield in Bangalore
Aug 03, 2013
BANGALORE: The landscape of Bangalore east has been transformed from housing quiet, suburban neighbourhoods with more trees than people to a commercial belt along with hectic residential development. Commercial development in Bangalore east is attributed to the establishment of Electronics City and the Whitefield EPIP zone. This belt, running from the south to east, promoted the emergence of Bangalore east as a commercial hotbed.
SEZ land, a golden goose for developers
Jul 31, 2013
DELHI: Is SEZ land a means for debt-ridden developers to monetise their assets? Seems so, as a clutch of real-estate developers are dropping their special economic zone (SEZ) plans in the wake of issues related to minimum alternate tax (MAT), land acquisition and slow demand from companies.
Revisit SEZ policy to prevent misuse: Parliamentary panel
Aug 31, 2012
NEW DELHI: A Parliamentary panel today suggested the government should revisit the special economic zone (SEZ) scheme to plug loopholes and prevent its misuse. The report of the Public Accounts Committee (PAC), tabled by its chairman Murli Manohar Joshi in the Lok Sabha, said absence of mandatory exports in the SEZ Act has led to misuse of the scheme. The Committee, however, said there is
Commerce Ministry asks developers to set up SEZs in less developed states
Jul 19, 2012
NEW DELHI: Noting that achievements of SEZs are "below potential", the Commerce Ministry today asked the industry to look for opportunities in under-developed states for setting up special economic zones in manufacturing sector. Speaking at an Assocham function, Joint Secretary in the Commerce Ministry, Anup Wadhawan, said that although the SEZs are contributing significantly to the country's

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