Latest Realty News

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.
Realty-firms-expect-a-spur-in-housing-demand-following-RBI's-rate-cut-
Jun 03, 2015
NEW DELHI: The Reserve Bank's decision to cut key interest rates is likely to reduce borrowing cost for both home buyers as well as developers leading to increase in housing demand, realty firms and consultants said today.
RBI-cuts-repo-rate-by-25-basis-points,-EMIs-likely-to-go-down
Jun 02, 2015
MUMBAI: The Reserve Bank Of India (RBI) cut interest rates for a third time this year on Tuesday, taking advantage of subdued inflation to give more support to an economy that many economists doubt is doing as well as latest impressive growth numbers suggest.
RICS,-Naredco-to-jointly-promote-international-property-standards
Jun 02, 2015
MUMBAI: The Royal Institution of Chartered Surveyors (RICS) has joined hands with real estate industry body Naredco to promote internationally recognised standards, regulations and professionalism in the Indian realty sector.
In-process-of-finalising-schemes-for-500-smart-cities:-Venkaiah-Naidu
Jun 01, 2015
VIJAYAWADA: Union Minister Venkaiah Naidu on Sunday said that the government is in the process of finalising schemes to develop 500 smart cities and towns by implementing comprehensive development plans.
UAE-real-estate-firm-eyeing-Smart-City-projects-in-India
Jun 01, 2015
DUBAI: An Abu Dhabi-based real estate company has formed a strategic partnership with an Indian construction firm to establish 'Smart City' projects in India.
Luxury-housing-project-under-Delhi-HC-lens
Jun 01, 2015
NEW DELHI: A proposed high-end luxury residential project on a five-acre land in prime area of south Delhi is under lens of the Delhi high court over the issue of possession rights.
Gujarat-govt-to-adopt-'redevelopment-policy'-for-affordable-housing-in-state
Jun 01, 2015
Ahmedabad: The Gujarat government is all set to announce a 'redevelopment policy' to initiate building of affordable houses in place of old colonies, a senior official said in Ahmedabad on Monday.
‘Bengaluru-is-home-to-genuine-homebuyers,-not-speculators’
May 31, 2015
BENGALURU: Bengaluru's youth segment is buying residential property early in life
BMC-leash-on-promoters
May 30, 2015
Bhubaneswar: The municipal corporation council passed a resolution that will make real-estate developers, especially promoters of plotted schemes, pay for their failure to develop basic infrastructure near a housing project
‘Achhe-din’-for-builders-of-luxury-towers-in-Mumbai
May 30, 2015
MUMBAI: Chief minister Devendra Fadnavis has ushered in 'achhe din' for several developers building luxury residential tower
As-home-demand-dips,-realtors-go-flat-out
May 30, 2015
Pune: For the last three months, the exhibition grounds in Pune and Pimpri-Chinchwad have seen back-to-back property exhibitions
Vijayawada-realty-rush-wrecks-investors
May 29, 2015
VIJAYAWADA: As soon as Vijayawada was declared to be part of the capital region, the realty sector saw a mad rush
Fullerton-seeks-licence-to-start-housing-finance-business-in-India
May 29, 2015
MUMBAI: Fullerton, the nonbanking finance company backed by Singapore-based Temasek Holdings, plans to enter the affordable housing market in India
Securing-Smart-Cities-aims-to-make-smart-cities-safer
May 28, 2015
New Delhi: Soon a new not-for-profit global initiative, Securing Smart Cities, is going to be launched with the aim to solve the cyber security challenges
Government-nod-to-houses-for-slum-dwellers-in-Bhubaneswar
May 28, 2015
BHUBANESWAR: The state government has approved a proposal of Bhubaneswar Development Authority (BDA) to construct 240 houses for evicted slum dwellers
PM-Narendra-Modi's-'Housing-for-all-by-2022'-scheme-to-be-launched-by-mid-June
May 28, 2015
NEW DELHI: The government is getting ready to launch PM Narendra Modi's most ambitious scheme: Housing for all by 2022
Software-flaw-in-BMC-hits-building-plans
May 28, 2015
MUMBAI: Construction industry to submit building proposals online, but there are glitches in the software

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