Latest Realty News

Real-estate-market-may-see-an-upswing,-say-developers
Jan 11, 2016
Vadodara: The real estate market in Vadodara seems to be set for an upswing this year. The CREDAI Vadodara Property Carnival 2016 organized at Navlakhi Grounds saw a record number of bookings for apartments and duplexes over last three days.
Ficci-Chief-Advocates-Soft-Loans-to-Boost-Low-Cost-Housing
Jan 10, 2016
New Delhi: Government needs to look at the possibility of providing soft loans of Rs 10-20 lakh for purchase of houses to give a boost to the realty sector and investment cycle, says newly-elected Ficci president Harshavardhan Neotia.
Head-of-PACL-Arrested-Over-Alleged-Rs-45,000-Crore-Investment-Scam
Jan 09, 2016
New Delhi: Central Bureau of Investigation (CBI) on Friday arrested the founder of PACL Ltd over allegations the property company cheated investors of $6.8 billion (about Rs 45,000 crore), in what local media is calling the country's biggest financial scandal.
Real-estate-investors-duped-by-Abohar-builder-meet-DGP
Jan 08, 2016
Chandigarh: Senior Congress leader Sunil Jakhar on Thursday led a group of people from different areas of Punjab to the director general of police, alleging that they had been duped by an Abohar-based builder in a real estate project and that no action had been taken even after 16-odd cases were registered. Following the representation, DGP Suresh Arora asked the inspector general of police (crime) Nageswara Rao to look into the matter.
Complaint-Against-DLF-Rejected-by-Fair-Trade-Regulator
Jan 07, 2016
New Delhi: The Competition Commission of India (CCI) on Wednesday rejected a complaint of anti-competitive practices made against realty major DLF relating to a project in Gurgaon, Haryana.
Delhi-NCR-New-Home-Launches-Down-14%-in-2015:-Property-Consultant
Jan 06, 2016
New Delhi: Launches of new homes fell 14 per cent in the Delhi-NCR market last year to nearly 23,000 units due to a slowdown in demand, according to a report by Cushman & Wakefield.
Housing-Project-Launch-Prices-Drop-up-to-20%-in-3-Metro-Cities:-Report
Jan 05, 2016
Mumbai: Developers in certain micro markets of metros like Delhi-NCR, Mumbai and Bengaluru witnessed a drop of 4-20 per cent in launch prices of residential projects in 2015 over the previous two years, according to a report by property consultant Cushman & Wakefield.
Dubai's-Emaar-Properties-Hires-Contractor-to-Restore-Fire-Ravaged-Hotel
Jan 04, 2016
Dubai's Emaar Properties has hired a local contractor to restore a fire-damaged hotel, stating on Sunday that the New Year blaze would have "no material impact" on the company because the building and risk of fire are covered by its insurance.
Building-height-clearance-now-a-click-away-in-Bhubaneswar
Jan 02, 2016
Bhubaneswar: Here is a good news for real estate developers, factory owners, civic bodies and energy department as they can get online height clearance from airport authorities for construction of buildings.
Woman-attempts-suicide,-blames-Rajkot-based-real-estate-developer
Jan 02, 2016
Rjkot: An 18-year-old woman, Neha Pitroda, a resident of Tulip apartment, consumed poisonous substance on Friday evening near Eagle Petrol pump and alleged that she was being harassed by a city-based real estate developer Kamlesh Ramani. She also left a note which mentions Ramani's name.
PEs-may-pump-in-more-money-in-real-estate-this-year-
Jan 02, 2016
MUMBAI/NEW DELHI: Real estate companies are expected to raise more money from private equity funds in 2016 than last year after the government simplified foreign direct investment norms for the sector last year.
Simpler-green-norms-for-real-estate;-environment-ministry-looking-to-decentralise-approval-powers
Jan 01, 2016
NEW DELHI: In the New Year, India's somnolent real estate market may finally get a much needed boost — builders may have to comply with only 12 to 24 environmental norms, depending on project size, instead of the 100 green rules that were originally proposed.
Real-estate-broker-gets-extortion-call
Dec 31, 2015
RAJKOT: A city-based real estate broker has lodged a complaint against unidentified person after allegedly receiving an extortion call on Tuesday night. The caller had demanded Rs 1 crore from and threatened to kidnap his daughter if he failed to deliver amount till Wednesday evening.
Realty-Sector-Eyes-New-Year-to-End-Multi-Year-Slowdown
Dec 30, 2015
New Delhi/Mumbai: With a multi-year slowdown continuing in 2015 despite abundant supply and fall in prices, the real estate market is desperately looking for a recovery in the New Year when a new law is also expected to herald the much-needed transparency and accountability in the sector.
Delhi-HC-issues-notices-to-CCI,-CREDAI-and-20-realty-developers-over-cartelisation,-matter-to-be-hea...
Dec 30, 2015
MUMBAI: Realty developers' troubles regarding allegations of cartelisation have got murkier as the petitioner has now moved the Delhi High Court against competition watchdog Competition Commission of India (CCI) itself.
JP-Morgan,-Apollo-Global-set-to-exit-BPTP-after-protracted-arbitration-battle-
Dec 30, 2015
NEW DELHI | BENGALURU: JP Morgan and Apollo Global Management are set to exit entity level investments in Gurgaon-based builder BPTP after a protracted arbitration battle.
Property-market-in-Bengaluru-hit-by-slow-job-creation-
Dec 28, 2015
BENGALURU: Bengaluru, the most resilient property market in the country is seeing cooling off too with deserted marketing offices and desperate salesmen. The property sales in the city have fallen by as much as 30% in the last three quarter due to slow job creation and low salary hikes by IT companies. "The market is really bad, even festive season did not bring in buyers back to the market despite offers. Our sales fell by around 40% during the year," said a senior official from a listed proper
Hong-Kong-Apartment-Sells-for-Record-$77-Million:-Report
Dec 28, 2015
Hong Kong, China: A luxury apartment in Hong Kong sold for a record 594.7 million Hong Kong dollars ($76.7 million), days before Christmas, making it the most expensive flat in the city and possibly in Asia, reports said on Friday.
DDA-to-put-up-10,000-rejected-flats-for-sale-in-March-
Dec 28, 2015
NEW DELHI: Nearly 10,000 DDA (Delhi Development Authority) flats will be available early in the new year, most of them one-bedroom accommodations surrendered by allottees of the 2014 housing scheme. The land-owning agency hopes to turn around the large scale rejection, unusual for DDA projects, by putting up the flats for sale around March, along with others returned or yet to be allotted under other schemes.
China's-Home-Prices-Continue-to-Rise
Dec 27, 2015
Beijing: China's housing market continued to rise in 2015 signalling further stabilisation, according to an industry report issued on Saturday.
Credai-Visakhapatnam-to-hold-Property-Expo-from-25-Dec-2015
Dec 24, 2015
VISAKHAPATNAM: The Visakhapatnam chapter of Confederation of Real Estate Developer's Association of India (Credai) is to hold the second Vizag Property Expo 2015-16 from December 25 to 27 at Visakha Function Hall in the city.
DLF-gets-Rs-1,992-crore-from-GIC-for-stake-sale-in-2-projects
Dec 24, 2015
NEW DELHI: India's largest real estate firm DLF has said that it has received Rs 1,992 crore from Singapore's sovereign wealth fund GIC after the completion of its deal to sell 50 per cent stake in two of its new projects in Delhi. DLF had earlier announced that it has signed an agreement with GIC to enter into a joint venture to invest in two upcoming projects located in central Delhi. The deal was later approved by the Competition Commission of India.
Prateek-Group-raises-Rs-100-crore-for-its-Ghaziabad-township-project-
Dec 23, 2015
NEW DELHI: Real estate developer Prateek Group has raised Rs 100 crore from investment firm Xander group's NBFC arm Xander Finance for a township project it is building in Ghaziabad.
Lodha-Group-eyes-growth-in-commercial-realty-space-
Dec 23, 2015
MUMBAI: Lodha Group, the country's largest realty developer by sales, is now carving out a new vertical with strategic focus on commercial property developments. The group that has so far concentrated on residential development is looking to increase its presence in office space as well.
Fair-Trade-Regulator-Dismisses-Complaint-Against-Imperial-Housing
Dec 22, 2015
New Delhi: The Competition Commission of India (CCI) has rejected allegations of anti-competitive business practices made against real estate developer Imperial Housing Ventures.

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