Latest Realty News

Housing-for-All-may-boost-economy-by-3.5%-by-2022:-Ind-Ra-
Nov 27, 2015
MUMBAI: Prime Minister Narendra Modi's ambitious project Housing For All has the potential to push up the country's economy by 3.5 per cent by 2022 with sectors supplying crucial inputs to the construction industry being the biggest beneficiaries, says India Ratings.
The effect of policy on residential real estate
Feb 12, 2014
DELHI: Post the 1991 liberalisation policy, India began to welcome various multinational corporates that were seeking permission to commence operations locally. Being the financial and commercial capital of India, Mumbai was the first city to witness a significant influx of large multinational firms.
Office space absorption fell by 14% in Jul-Sept in top seven cities
Oct 09, 2013
DELHI: Leasing of office spaces in India's top seven cities fell by 14 per cent to around 6 million sq ft during July-September compared with the previous quarter with corporates still being cautious about expansion amid subdued economic outlook, property consultant CBRE said.
Haryana to build 1.25 lakh economy flats in Gurgaon, other prime areas
Oct 07, 2013
CHANDIGARH: Ushering in a policy of affordable housing in Gurgaon and other prime areas of the state, the Haryana government plans to build 1.25 lakh flats under the first phase. The size and price of these flats will be decided by the government and allotment will be done through draw of lots.
In sign of downturn, Indian retail landlords finally capitulate on price
Sep 21, 2013
MUMBAI: In a capitulation that speaks to the depth of the slump in India's economy, usually tight-fisted retail landlords have become uncharacteristically flexible on rents, as Lacoste India CEO Rajesh Jain knows well.
Should you invest in office space instead of a house?
Sep 02, 2013
BANGALORE: Prakash Nahata is happy with the decision he took in 1992. Instead of investing in a house, this owner of a property advisory firm bought a plot at Jai Nagar, Bangalore, where he later developed an office complex. "Office space gives you a rental return of 7-8%. If you factor in the 30% standard deduction, your return is even higher. The rental income increases by 5-6.5% annually, and the property's value also appreciates over the years," he says.
Realty sector can double its share in GDP to 13% by 2025: CBRE
Aug 10, 2013
DELHI: The realty sector can more than double its contribution to GDP to 13 per cent by 2025 on rising housing demand, if the government removes bottlenecks in infrastructure, lowers borrowing cost and makes process of approvals shorter, global property consultant CBRE 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.
Consumer-friendly real estate Bill to come up in Parliament
Jul 18, 2013
DELHI: The government is all set to introduce a buyer-friendly real estate legislation which aims to protect consumers and bring transparency in the sector in the Monsoon Session of Parliament.
BJP-JD(U) split hits sentiment in realty sector in Bihar
Jun 18, 2013
PATNA: The Sunday split in NDA hit the market sentiments, particularly in the real estate sector. But, the prices of available unoccupied flats in multistoreyed apartments in Patna and other cities are not expected to plummet.
'Anywhere Registration' of property back on rails
May 27, 2013
After initial hiccups, the 'Anywhere Registration' of property project is back on the rails. The Stamps and Registrations department is all set to launch the project in two more districts, Medak and Nalgonda, on Monday
Property prices firm despite high interest rates: Nomura
Nov 04, 2012
MUMBAI: Housing prices remained firm following limited supply, despite the slowdown and high interest rates, according to a Nomura report.
Office space absorption to drop by about 20pc in 2012: JLL
Oct 19, 2012
New Delhi: Office space absorption is likely to drop by over 20 per cent in the 2012 calendar year due to slowdown in economic growth and reduced outsourcing from the Europe, property consultant Jones Lang LaSalle said today. The absorption is estimated at about 28 million sq ft in 2012 against 36.7 million sq ft during last year, it said. "The outlook for office space absorption in 2012
Builders' body asks FM to bring in sops for real estate
Aug 23, 2012
MUMBAI: After finance minister P Chidambaram asked realtors to sell off unsold flats at discounted prices, CREDAI, the apex body of real estate developers in the country, put the ball in the minister's court and said he should take immediate steps to boost housing stock supply through special incentives to the affordable segment. Chidambaram had reportedly asked commercial banks to put pressur
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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