Latest Realty News

Check status of under-construction buildings on Cidco website
May 20, 2014
NAVI MUMBAI: The City and Industrial Development Corporation (Cidco) have initiated a programme where it will upload list of permissions granted to underconstruction buildings.
Rs 630 cr penalty to have little impact on DLF
May 20, 2014
MUMBAI:The way the market reacted to news of a penalty being imposed on DLF suggest the strong bullish trend in the real estate sector. Competition Appellate Tribunal (COMPAT) today upheld a penalty of Rs 630 crore on DLF for abusing its dominant position in the market. The stock closed 7.54% higher at Rs 182.45.
Mahindra Lifespace Developers gets Rs 325 crore from sale of Mumbai land
May 19, 2014
MUMBAI: Realty player Mahindra Lifespace DevelopersBSE 4.48 % said it received Rs 324.95 crore from the sale of a five-acre property in the Byculla area of the city owned by the Kanoria family.
Inorbit to invest Rs 250crore every year for brownfield expansion
May 19, 2014
MUMBAI: Inorbit Mall, a subsidiary of K Raheja Corporation, plans to invest around Rs 250 crore every year for expanding its presence in the country through brownfield route, a top company official said.
Property prices likely to increase post elections: Survey
May 19, 2014
MUMBAI: Property prices are likely to increase only after six months when the country will get a new government, a recent survey said here today.
Remove regulatory overlaps in real estate: Rajeev Talwar
May 18, 2014
MUMBAI: The new central government should primarily look at making life easier for home buyers and real estate developers.
Blackstone buys Mumbai office hub
May 17, 2014
BANGALORE: Private equity giant Blackstone's big appetite for India's commercial real estate is poised to trigger more buyouts. The global investor is close to acquiring a 1-million sqft office space at Vikhroli in Mumbai for Rs 1,050 crore from homegrown real estate fund house Milestone Capital.
Homing in on cheap house? Not yet
May 17, 2014
MUMBAI: Affodable housing may still be a few years away as projects set to be undertaken by the new Government could take three to five years to get ready and home price may rise in the short term as sentiment improves. Developers and investors are set to take fresh stock of their real estate plans in line with the new government's plan to develop 100 new cities.
Mumbai: The ‘undisputed king’ in Indian office market
May 16, 2014
MUMBAI: International property consultancy JLL India, has released its latest research report ‘Mumbai Offices 2020: Mapping the Future of the Mumbai Office Market’. Anticipating the changing trends of commercial real estate in India’s financial capital, ‘Mumbai Offices 2020’ provides ‘foresight with purpose’ into where Mumbai’s office market is headed. Talking about this report, Ramesh Nair, COO – business, JLL India, says, “With this report, we reaffirm that Mumbai will continue to be acknowled
It’s raining offers in real estate sector too!
May 14, 2014
MUMBAI: Cash discounts, freebies, lucky draws, sale fiestas, home buying days, foreign trips, et al; if anyone were to talk about all of these in the real estate context, even five years back, it would just elicit disbelieving responses. Today, all these selling strategies, which have been drawn from sectors like retail, FMCGs, etc., is a major part of any real estate company’s marketing and branding strategy. As the players in the organised sector of real estate grow in numbers and profit margi
Prices of commercial property like offices and shops fall 30% from peak on oversupply, weak demand
May 13, 2014
DELHI: Prices of commercial property, which includes offices space as well as shops in malls and shopping complexes, have fallen 30% from their peak values in 2008 because of a glut in supply and weak demand over the past few years.
Community living vs township projects
May 12, 2014
MUMBAI: Community living projects and integrated projects, are changing the lifestyle of home buyers. “Community living is a concept which defines a closely-knit social fabric within a residential cluster. Such a fabric may be the result of various driving factors, including proximity of buildings, the fact that the neighbourhood has been tailored along certain lines, or the collective need to address certain circumstances or objectives,” says Om Ahuja, CEO-Residential Services, JLL India.
CREDAI to organise property show
May 12, 2014
NASHIK: The Confederation of Real Estate Developers' Association of India (CREDAI) will be organising 'Property Show 2014' from May 23 to May 25 at Dongre Vasatigruha. This year, the exhibition is being organised on national and international level.
Around $16 billion locked in Mumbai's fund-starved real estate sector
May 11, 2014
MUMBAI: Close to Rs1,00,000 crore (around $16 billion) by private equity funds is locked in the fund-starved real estate sector as hundreds of projects get delayed across the country and investors struggle for an exit.
Only builders, banks gain when you take loan to invest in realty
May 11, 2014
MUMBAI: An acquaintance recently told me that his colleague had bought a flat for Rs 40 lakh and is selling it at Rs 80 lakh. He had made a down payment of only Rs 8 lakh at the time of buying the flat. According to him, real estate was the best investment option. This is something we hear almost every second day as financial planners.
Tata Sons chairman Cyrus Mistry's company wins battle 'royal' against lawyer
May 10, 2014
HYDERABAD: A company owned by the family of Tata Sons chairman Cyrus P Mistry has won a victory in the Andhra Pradesh high court as it tries to safeguard the assets it bought from the heirs of the erstwhile Nizam of Hyderabad. In an order last week, the court put a temporary halt to the sale or transfer of Cyrus Investments' assets in Hyderabad by the lawyer who was given a general power of attorney for the assets by the Mumbai-based company.
Candidates win companies’ trust vote in poll season
May 09, 2014
DELHI: Who says India's politicians can't be trusted? Some companies believe otherwise and have backed up this faith by staking their money in the form of unsecured loans to various politicians. Some have meanwhile given advances against collateral such as land. The loans and advances from private companies — ranging from 50 lakh to as much as 16 crore — have been declared in affidavits filed by Lok Sabha election candidates. Those giving the loans are from various sectors but there seem to be q
SBI to start special scheme for children's accounts
May 09, 2014
MUMBAI: Following the Reserve Bank's move to allow minors to open and operate accounts, the State Bank of IndiaBSE 1.04 %, the nation's largest lender, today said it will start a special scheme for children shortly.
BlackBerry to sell its Canadian real estate for $278 million
May 08, 2014
MUMBAI: Smartphone-maker BlackBerry will sell a majority of its real estate holdings in Canada to real estate investment firm Spear Street for about $278 million.
MIAL raises Rs 1,400 cr to fund capex plan
May 08, 2014
MUMBAI: Mumbai International Airport Ltd (MIAL) has raised Rs 1,400 crore of long-term debt from Axis Bank and IDBI Bank for capital expenditure and repayment of debt.
1-4% rebate on property tax for early birds
May 08, 2014
MUMBAI: The Brihanmumbai Municipal Corporation (BMC) has decided to give rebate in the property tax bills of people who pay early.
SC refuses to extend May 31 deadline to vacate illegal Campa flats
May 06, 2014
MUMBAI: It seems to be curtains for the legal battle launched by Campa Cola compound residents to save their illegal flats with the Supreme Court on May 5 declining to extend the May 31 deadline to vacate their aprtments for demolition.
Buy a flat in Mumbai: Check approvals, plans online soon
May 06, 2014
MUMBAI: Mumbaikars will soon be able to make an informed decision before purchasing a house in the city.
What are Real Estate Investment Trusts or REITs?
May 06, 2014
MUMBAI: Swatantra Kumar explains: REITs or are a special type of investment vehicle which operate more like mutual funds but invest in real estate properties for returns. These properties are usually income generating properties, commercial or residential, and the returns from such investments are passed on to the investors in the REITs.
APG and Xander launch $300 million India office fund
May 05, 2014
DELHI: Dutch pension fund manager APG Asset Management and PE firm Xander have launched a $300 million (Rs 1,800 crore) fund that will buy high quality income-generating office assets in India's main office markets.

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