Latest Realty News

Carlton-House-to-become-legislators'-club?-Storm-brews-on-social-media
Aug 17, 2015
Months after the proposed plan to demolish Balabrooie Guest House to build a club for legislators was scrapped following a public outcry, deputy speaker NH Shivashankara Reddy told media that Carlton House, another heritage building, would be converted into the proposed club. Carlton House is situated on Palace Road, off Vidhana Soudha.
Cash-strapped-builders-turn-to-PEs,-NBFCs-to-refinance-debt
Aug 14, 2015
BENGALURU/MUMBAI/NEW DELHI: Real estate developers are increasingly turning to private equity investors and non-banking finance companies to refinance massive debts due to sluggish home sales in the last couple of years and banks becoming cautious about lending to the industry
BDA-illegally-Parks-Funds-In-MFs,-Other-Agencies
Aug 12, 2015
BENGALURU: Can money raised by the Bangalore Development Authority from aspiring site owners be parked in high-risk investment instruments like mutual funds, though the plots remain elusive for years? Can the agency tasked with ensuring sustainable and orderly growth of Bengaluru resort to unauthorized monetary transfers to assorted government agencies like the Coffee Board, Bangalore Metro Rail Corporation and Karnataka Backward Classes Department Building Construction Society which builds stud
No-Safety-in-City's-Buildings
Aug 12, 2015
As real estate prices skyrocket and renting out a house in the city gets increasingly difficult, many tenants are opting for illegal structures that are comparatively cheaper. Monday's incident at Teynampet, where a three-storey residential building on Bhaktavachalam Street tilted, once again exposed the risk of illegal buildings in the city. Taking no chances, Corporation of Chennai has decided to demolish the structure.
Real-Estate-Bill-Clears-Govt-Of-Blame,-Worries-Some-Builders
Aug 11, 2015
Panaji: The Real Estate (Regulation and Development) Bill, 2013, which is still pending in Parliament, has the Goan real estate industry worried. While stakeholders agree that the bill, once passed, will bring clarity and confidence into the real estate market, developers are wary about the lack of onus placed on the government, which they feel, is an important stakeholder in the real estate economy.
Aravali-master-plan-stuck-in-freezer
Aug 10, 2015
GURGAON: The Haryana government's ambitious plan to conserve the Aravalis by drawing up a master plan for the region, which was initiated by the state's forest minister Captain Abhimanyu, may have been put in cold storage
Real-Estate-Bill:-Growth-of-the-sector-can’t-be-at-the-cost-of-consumers
Aug 08, 2015
The report of the Parliamentary Select committee on the Real Estate (Regulation and Development) Bill, 2013, tabled on the floor of the Rajya Sabha has not only rectified the many dilutions that were made to the original Bill, it has also built in additional safeguards to regulate all kinds of transactions between home-buyers and builder
Building-of-service-apartments-in-hotels-will-be-allowed-in-Delhi
Aug 07, 2015
NEW DELHI: Urban Development Ministry has approved a proposal to allow building of service apartments in hotels in national capital as a part of review of Master Plan of Delhi-2021.
End-users,-investors-keep-Pune-housing-market-alive-in-Q1
Aug 07, 2015
The demand from both end user and investors precisely in the mid-range segment kept the overall Pune residential market positive during the quarter ended June, showed a report by property consultancy Colliers International.
CREDAI-Odisha-conducted-a-blood-donation-camp-at-Bhubaneswar
Aug 07, 2015
Bhubaneswar: The CSR Committee of CREDAI-Odisha along with Indian Red Cross Society- Odisha State Chapter, has conducted a blood donation camp at its association office on 5th August 2015.
3-Ghansoli-land-plots-in-Navi-Mumbai-fetch-Rs-221-crore
Aug 07, 2015
NAVI MUMBAI: Three land tender plots of Cidco in prime locality of Ghansoli, sector 8, were on Thursday sold to the highest bidders for rates as high as Rs 1.61 lakh per sq metre, fetching the state agency a total revenue of Rs 221 crore through these sales.
FICCI-experts-to-assist-Nagpur-Municipal-Corporationin-for-Smart-City
Aug 07, 2015
NAGPUR: The cash-strapped Nagpur Municipal Corporation moved one step ahead as far as its dream of getting central funds under Smart City project is concerned.
US-based-SRS-Investments-enters-Vizag-realty-market
Aug 06, 2015
VISAKHAPATNAM: Terra Alpha, the real estate arm of US-based private-equity real estate investment firm SRS Investments, on Wednesday launched the Port City's first realty FDI (foreign direct investment) project Celest that comprises a residential-cum-c
House-map-approval-begins-in-Patna
Aug 06, 2015
Patna: The Urban development and housing department (UDHD) on Wednesday cleared the decks for house map approval in the state capital and its adjoining areas.
Builders-struggle-to-sell-houses-in-Surat
Aug 06, 2015
SURAT: There is a supply overhang of houses in the Diamond City with around three lakh flats lying vacant for a couple of years now.
Affordable-home-launches-up-320%,-developers-offer-7,000-affordable-units-in-first-quarter-
Aug 06, 2015
NEW DELHI: The real estate market in the country's top eight cities recorded a 320% year-on-year jump in affordable home launches in the quarter to June, according to a report by property advisory Cushman & Wakefield, indicating a shift in strategy by builders to beat the slump.
SC-considers-appointing-receiver-for-Sahara-assets
Aug 04, 2015
NEW DELHI: The Sahara group's inability to raise Rs 10,000 crore, half in cash and half through bank guarantee, to seek release of its chief Subrata Roy and two directors from jail made the Supreme Court on Monday think aloud about the possibility of appointing a receiver for the group.
Fewer-new-housing-launches-in-kolkata,-sale-lowest-among-top-eight-cities
Aug 04, 2015
KOLKATA: The realty boom that kept Bengal's economy churning has switched to reverse gear. Not only has new launches dipped, but sale of apartments is also the lowest among the top eight cities.
RBI-policy-desolates-realtors;-want-rate-cut-to-boost-sector
Aug 04, 2015
Real estate industry on Tuesday expressed disappointment over RBI's decision to keep the key interest rates unchanged, saying rate cuts were required to boost manufacturing and property sectors.
PE-investment-in-realty-rises-16-per-cent-to-Rs-6,010-crore-in-Jun-quarter
Aug 03, 2015
NEW DELHI: Private equity (PE) investment in the real estate sector rose by 16 per cent to Rs 6,010 crore in April-June period as developers raised funds to complete existing projects on account of slow sales, says a report.
Buyers-point-to-loopholes-in-Rajya-Sabha-report-on-real-estate-bill
Aug 03, 2015
NOIDA: NCR homebuyers, who made significant contributions in the shaping of the Real Estate Regulation and Development Bill, have by and large welcomed the report by the 21-member select committee on the Bill, submitted to the Rajya Sabha on July 30.
Gurgaon-best-bet-for-office,-Noida-loses-out:-Report
Jul 29, 2015
NOIDA: Noida has few takers for office space, despite being more affordable than Gurgaon. This inference can be drawn from a recent study by an international real estate research group. Experts attribute it to a lack of support infrastructure for businesses in this city.
Pune-steals-a-march-over-Delhi-in-residential-realty
Jul 29, 2015
PUNE: Sales and new project launches in the country's real estate sector are recording a dip, but analysts observe that Pune continues to see an increase in sales and prices.
Bharti-Realty-ties-up-with-Eros-group
Jul 28, 2015
NEW DELHI: Bharti Enterprises' real estate firm Bharti Realty on Monday said it has tied up with Eros Group to develop a housing project at Surajkund.
MMR-housing-market-records-worst-half-year-post-global-financial-crisis
Jul 28, 2015
MUMBAI: Housing market in Mumbai Metropolitan Region has recorded worst half-yearly performance since global financial crisis in 2008 with around 2 lakh unsold homes and weakening sales, showed a report released by Knight Frank India for the period ending June.

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