Latest Realty News

Oberoi-Realty-Launches-25-Acre-Mumbai-Residential-Project
Oct 29, 2015
Oberoi Realty has launched a 25-acre residential project in Mumbai's Borivali called 'Sky City'.
Government-set-to-ease-housing-approvals
Oct 29, 2015
NEW DELHI: Government departments involved in granting approvals for construction projects in cities and towns will now come out with necessary notifications by November-end for streamlining approvals for time-bound and hassle-free clearances. This will mean applicants don't have to bring their cases to Delhi for different clearances.
CCI-Rejects-Charges-Against-Jaypee-Group;-2-Members-Dissent
Oct 29, 2015
New Delhi: By a majority order, the Competition Commission of India has dismissed charges of dominant market position abuse against Jaiprakash Associates in the real estate sector.
Tata-Housing-Sells-250-Flats-Worth-Rs-100-Crore-in-Goa:-Report
Oct 28, 2015
New Delhi: Realty firm Tata Housing has sold 250 flats, worth over Rs 100 crore, from its housing project at Goa.
Bhasin-Group-Plans-to-Build-Rs-150-Cr-Noida-Tower-in-99-Days
Oct 28, 2015
New Delhi: Realty firm Bhasin Group on Tuesday said it will invest Rs 150 crore on construction of a 33-storey commercial tower in Noida in mere 99 days, a sort of record for the national capital region.
HDIL-to-launch-'Planet-HDIL'-affordable-housing-project
Oct 27, 2015
Mumbai: Housing Development and Infrastructure Ltd (HDIL), a leading Mumbai-based real estate developer is all set to launch two mega projects in Virar (East) and Ghatkopar (East). The company will launch the first phase of its affordable housing project 'Planet HDIL' – mega smart city in Virar (East), this Diwali and another two luxurious projects in Ghatkopar (East), by end of 2015.
Office-space-deals-down-30-per-cent-in-Kolkata:-Research
Oct 27, 2015
KOLKATA: Office space transactions in Kolkata fell by 30% from the last quarter. According to the Research and Forecast Report by Colliers International, the recorded office space transaction volume stood at 0.2 million sq ft in the third quarter of 2015.
Mere-Title-Transfer-in-Immovable-Property-Exempt-From-Service-Tax
Oct 27, 2015
New Delhi: In cases of sale of flats, transfer of title after the issuance of occupancy certificate will not attract service tax, the Finance Ministry said on Monday.
Land-sales-dip-after-real-estate-slump
Oct 27, 2015
PUNE: On a humid weekday afternoon last month, Sunil Thube wiped his brow, sipped his tea, and glanced every few seconds at his iPhone ringing impatiently. He answered a couple of calls and gave updates on land deals he was working on.
Credai-plans-business-to-business-meet-with-real-estate-brokers
Oct 26, 2015
NASHIK: The Confederation of Real Estate Developers' Association of India (CREDAI) has decided to conduct business to business (B2B) meetings with real estate brokers in Nashik and Mumbai in a bid to boost real estate sector in Nashik, which has been passing through a phase of recession.
Odisha-Developers-Welcome-New-Housing-Policy
Oct 26, 2015
Bhubaneswar: Real estate developers in the state are pinning hopes on the state’s new housing policy combined with the recent Reserve Bank of India(RBI) decision to increase loan to value(LTV) ratio to revive the sluggish housing market in the festival season.
Is-real-estate-the-best-investment-class?-
Oct 26, 2015
The iconic Lincoln House in Mumbai was recently bought by industrialist Cyrus Poonawalla for Rs 750 crore. The 50,000 sq. ft property had been leased to the US government by Pratabsinhji Jhala, the Maharaja of Wankaner, for a sum of Rs 18 lakh in 1957. In the past 58 years, its value has grown 4,000-times at an annual growth rate of 15.45%. Most people infer that the property has given astronomical returns. Has it?
States-Asked-to-Evolve-Affordable-Housing-Policies-for-Low-Income-Groups
Oct 26, 2015
New Delhi: The Centre would hold discussions with the state governments about measures being taken to promote affordable housing projects for the Economically Weaker Sections (EWS) and Low Income Groups (LIG).
Realty-drought-no-bar-for-Private-equity's-thirst-for-startups
Oct 24, 2015
BENGALURU | MUMBAI: Private equity and venture funds' appetite for India's real estate portals and related startups has not waned despite sales in the sector winding down, industry data shows. The segment has attracted nearly $250 million, or over Rs 1,600 crore, in investments in the last 18 months mainly from Helion Ventures, Nexus Venture Partners, SoftBank Group, Accel India, Horizen Ventures, Qualcomm Ventures and Nirvana Ventures.
Haryana-policy-gives-big-housing-a-push
Oct 24, 2015
CHANDIGARH: The Haryana government has reduced the minimum land requirement to build townships from 100 acres to 25 in its new integrated licencing policy (NILP), which it unveiled on Friday.
Indians-Invest-$2-Billion-in-Dubai-Real-Estate-in-First-Half-of-2015
Oct 24, 2015
Mumbai: Indians invested nearly $2 billion in the Dubai's real estate during the first half of this year.
6th-edition-of-Credai-Nagpur-Property-Expo-concludes
Oct 23, 2015
The Nagpur chapter of Confederation of Real Estate Developers Association of India [CREDAI] has organized the sixth edition of its four-day long property expo where over 4000 home aspirants thronged the expo at Rani Kothi, Civil Lines.
Gearing-up-for-an-investment-push,-real-estate-private-equity-funds-go-on-a-hiring-spree-
Oct 22, 2015
MUMBAI: Sanjay Grewal, IDFC's board member is joining Altico Capital, the nonbanking financial arm of Clearwater Capital. RK Narayan of Jones Lang Laalle is moving to head the $400 million real estate fund of Macquarie Group. There are more than half a dozen top-level hires in the last couple of months among real estate private equity funds.
Singapore's-GIC-forms-JV-to-invest-in-India-office-project-
Oct 22, 2015
SINGAPORE: Singapore sovereign wealth fund GIC has formed a 50-50 joint venture with Tishman Speyer to invest in the developer's office project in the southern Indian city of Hyderabad, the firms said in a joint statement.
Indiabulls-Real-Estate-Gets-Plan-Approval-for-London-Project
Oct 22, 2015
New Delhi: Indiabulls Real Estate has received approval from a UK authority for the plan to redevelop its project in London.
Tata-Housing-close-to-raising-Rs-3,200-crore-for-luxury-housing-across-top-5-cities
Oct 21, 2015
MUMBAI: Tata Housing is in advanced-level talks with a few institutional investors to raise Rs 3,200 crore for its upcoming premium and luxury residential projects across top five cities.
Office-Space-Absorption-Rises-to-10.6-Million-Square-Feet-in-September-Quarter
Oct 21, 2015
Mumbai: Office space absorption during the July-September period increased marginally to 10.6 million sq ft compared to the previous quarter, with Gurgaon witnessing the highest leasing activity, says a survey.
Two-awards-for-Sobha-at-Realty-Plus-Conclave-&-Excellence-Awards-2015
Oct 20, 2015
Bengaluru: Sobha Limited, India’s premium real estate developer, has won two prestigious awards at the recently-held Realty Plus Conclave & Excellence Awards 2015 for the South region.
Debt-funds-fail-to-deliver-interest-payments-as-real-estate-languishes-
Oct 20, 2015
MUMBAI:It's a wager gone terribly wrong. Rich savvy investors, who invested in real estate debt funds expecting higher yields and capital protection, are spending sleepless nights as they have not been receiving regular interest payments over the past year. Some of these investments may go down the sewer unless there is an immediate uptick in property sales and a resultant revival in the real estate sector, wealth managers and analysts opine.
Trial-court-orders-builders-must-pay-customers-for-damages,-delays
Oct 19, 2015
NEW DELHI: In a significant order, a trial court has said that buyers can claim damages from builders if the latter fails to hand over the property on time.

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