Latest Realty News

Cabinet-approves-'Housing-For-All-by-2022'-scheme
Jun 17, 2015
New Delhi: The union cabinet on Wednesday approved the launch of 'Housing for All by 2022' programme, aimed at rehabilitation of slum dwellers and promotion of affordable housing for the economically weaker sections (EWS) through credit-linked subsidy.
Mumbai-continues-to-be-most-expensive-city-in-India:-Survey
Jun 17, 2015
Mumbai, the financial capital of the country, held its position as the most expensive city in India and is ranked above Dallas, Frankfurt and Vancouver, according to a recent survey.
Venkaiah-Naidu:-Land-bill-amendment-crucial-for-housing-sector-
Jun 12, 2015
The proposed amendment to the Land Acquisition Act is crucial for creating two crore affordable houses in urban areas by 2022 under the government’s new ‘Housing for All’ mission, Union Minister for Housing & Urban Poverty Alleviation M Venkaiah Naidu said.
'Housing-for-All’-mission:-New-slum-rehab-policy-to-take-tips-from-Gujarat,-Mumbai-models
Jun 12, 2015
NDA government’s proposed ‘Housing For All’ mission will pave way for private developers to leverage public land in order to redevelop slums in-situ. The proposed policy of using land as a resource will signal a major shift from the UPA government’s state-funded slum rehabilitation scheme Rajiv Awas Yojana.
Indian-Property-Show-Starts-in-Dubai
Jun 11, 2015
DUBAI: Properties by over 150 real estate developers from India will be presented at the Indian Property Show which will showcase over 17,000 potential investors in Dubai.
Chinese-realty-major-looks-to-invest-US-$5-billion-in-India
Jun 11, 2015
China's realty major Dalian Wanda group is looking to invest at least US $5 billion in developing industrial townships in India and is in talks with firms like DLF for partnership.
L&T-forms-new-unit-for-smart-cities;-expects-business-to-reach-$1-billion-mark-in-three-four-years-
Jun 10, 2015
MUMBAI: Larsen & Toubro, India's largest engineering and construction company, has formed a new unit to cater to smart cities, security solutions and communication projects, expecting the business to grow to $1 billion in three to four years, driven by the government's push in these areas.
Madras-High-Court-dismisses-Marans'-plea-against-attachment-of-property
Jun 10, 2015
In a setback to Maran brothers, the Madras High Court on Wednesday dismissed petitions filed by Kalanithi Maran owned Sun TV and Kal Communications challenging the attachment of their properties by Enforcement Directorate in connection with money laundering probe in Aircel-Maxis deal.
After-solar-panels,-CCTVs-must-in-new-housing-projects
Jun 10, 2015
Thane: While rainwater harvesting and solar panels is a must in all new housing projects in Thane, guardian minister Eknath Shinde has suggested to make CCTVs too compulsory to keep an eye on untoward activities and curb crime.
Small-housing-finance-companies-yet-to-lower-lending-rates
Jun 09, 2015
KOLKATA: Although the Reserve Bank of India is pushing lenders to make loans cheaper, a huge number of home loan applicants, who borrowed money from smaller housing finance companies, are yet to get the benefit of softer monetary policy.
Amarprakash-Developers-Awarded-Asia’s-100-Best-Real-Estate-Projects
Jun 09, 2015
One of the best residential developers in Chennai, Amarprakash’s project Palm Riviera had been awarded as “Asia’s 100 Best real estate projects & properties 2015”.They were conferred the award at a grand function on 21 May, 2015 in Singapore .
Real-estate-in-Telangana-still-sluggish
Jun 08, 2015
As Telangana reached its one-year milestone, the real estate sector in Hyderabad appears to have given up hopes of a quick recovery of fortunes and instead remains content with slow and incremental growth.
Bombay-HC:-Seeking-assured-returns-under-FDI-in-real-estate-is-not-only-prohibited-but-also-inconsis...
Jun 08, 2015
MUMBAI: In a landmark order that would bring FDI in real estate projects under a legal scanner, the Bombay high court declined relief to IDBI Trusteeship Services in what it said was "clearly an attempt at seeking active court assistance to achieve what the law prohibits and that is clearly inconsistent with public interest." The law permits FDI investment in real estate development only in the form of equity and prohibits investment with assured returns, the court said.
Odisha-to-raise-Rs-1,000-cr-fund-for-construction-workers
Jun 08, 2015
The state government has decided to raise a corpus fund of Rs 1,000 crore to assist the workers engaged in building and construction sectors.The Odisha Building and Other Construction Workers Welfare Board has already raised Rs 750 crore through collection of cess from different government constructions.
Pension-Fund-Regulatory-and-Development-Authority-allows-pension-funds-to-invest-in-realty-sector-
Jun 07, 2015
NEW DELHI: The pensions regulator has opened the doors of long-term retirement funds to the real estate sector, allowing the pension funds to invest up to 5% of their corpus in regulated real estate investment trusts.
Government-will-not-compromise-on-basic-purpose-of-Land-Acquisition-Act:-Venkaiah-Naidu
Jun 07, 2015
Mumbai: The government will not compromise on the basic purpose of the Land Acquisition Act, Union Minister Venkaiah Naidu on Saturday said amid mounting criticism from the Opposition as well as its ally Shiv Sena on the controversial amendments to the Land Bill.
Rahul-Gandhi-reaches-out-to-home-buyers,-discusses-real-estate-bill
Jun 07, 2015
Kolkata: Congress vice president Rahul Gandhi on Saturday reached out to home buyers here to discuss concerns about the Real Estate Regulation Authority Bill which he says has "loopholes".
State-Bank-of-India-hired-sleuths-fail-to-track-Vijay-Mallya-properties
Jun 06, 2015
State Bank of India’s (SBI) efforts to track down properties owned by Vijay Mallya through a detective agency yielded no results. Sources said the detectives were unable to trace property registered in Mallya’s name.
Fresh-tax-on-unsold-flats-to-force-developers-to-release-inventory
Jun 06, 2015
In a bid to arrest hoarding of residential flats by developers and increase supply across the country, the income-tax department has decided to tax realtors on estimated annual rentals. The tax could be anywhere between 15% and 20%. The move is as per the central action plan for 2015-16, under which the I-T department can levy tax on any unsold flat by treating it as 'income from house property' under Section 43-CA of the I-T Act, 1961.
E-commerce,-start-ups-accelerating-office-space-demand
Jun 05, 2015
The IT and ITeS companies’ capacity expansion plans, the country’s office space market seems to be regaining lost steam. With a major chunk of total absorption of Grade A office space being notched up by the technology sector, in the January-March quarter, commercial realty market is getting ready to make the most of it.
SBI-to-e-auction-distressed-properties-on-June-12
Jun 05, 2015
Country’s largest lender State Bank of India on Friday said it will be selling its distressed assets through an online auction on June 12.
Property-cards-set-to-become-a-reality-soon-in-Bengaluru
Jun 05, 2015
BENGALURU: Finally, a tender to start the process of implementing a project that claims to guarantee property owners with one common card/certificate authenticating their ownership is ready to be floated.
Property-prices-in-Mumbai-could-rise-6%-in-2015:-JLL-
Jun 05, 2015
New Delhi: Property prices in Mumbai are expected to see an appreciation of 6% in 2015, according to property advisory firm JLL India.
I-T-to-review-big-property-deals-over-Maharashtra-tax-evasion
Jun 04, 2015
Mumbai: Suspecting massive capital tax evasions in property deals, the income-tax department in Maharashtra has sought the list of all high-value property deals in the state during last four years starting 2011-12.
Housing-sales-improving;-full-recovery-in-next-fiscal:-CREDAI-
Jun 04, 2015
NEW DELHI: Housing sales have started showing signs of improvement but full recovery is expected only in the next financial year, realtors' apex body CREDAI said today.

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