Today’s Top Real Estate Stories

  • Allottees of Huda can file complaints with Haryana RERA
    This may spell trouble for Huda, as people who have been waiting for Huda to deliver plots they have booked for several years, will start approaching H-Rera for relief... Read more »
  • Binani Cement says followed processes diligently, case adjourned till March 27
    As many as 14 applications were made at Kolkata’s bankruptcy courts involving the resolution plan for Binani Cement, which is facing insolvency proceedings... Read more »
  • Virat Kohli scraps Rs 34 crore deal for Mumbai luxury apartment
    In June 2016, ET was the first to report Kohli’s purchase of a 7,000 sq ft apartment on the 35th floor of Tower C of the superpremium project for Rs 34 crore along with an allotment of four car parking slots... Read more »
  • Sebi plans amending norms for companies undergoing insolvency proceedings
    The proposal comes at a time when there are increasing number of cases coming up under the Insolvency and Bankruptcy Code (IBC) as entities look to address issues of stressed assets in a time-bound manner... Read more »
  • Embassy to invest Rs 2,000 crore to develop 6 million sq ft commercial space in Bengaluru
    The developer will be using internal accruals and construction finance to support this expenditure. Embassy TechVillage is a more than 100-acre development planned as an integrated project with commercial, retail and hospitality components... Read more »
  • Residential launches slipped 50% across top seven cities in 2017: Report
    Unsold inventory decreased 10 per cent on-year to 7.27 lakh units by Q4 2017, the report said.... Read more »
  • Binani wants to thwart the IBC process: Mahendra Singhi, Group CEO, Dalmia Bharat
    Dalmia, which has partnered with Piramal Bain Resurgence Fund for this asset, also said that with such uncertainties, India may not be able to attract the right kind of funds — FIIs (Foreign institutional invetsors) and PE Funds... Read more »
  • Only 8% target met under PMAY-Urban housing scheme
    This emerges from data on the websites of the urban affairs and rural development ministries. The data reveals that as on March 5 this year, the ministry had considered 8,341 projects under PMAY involving 40.6 lakh houses... Read more »
  • SC asks Jaiprakash Associates to deposit Rs 200 crore
    Out of the total, 8% homebuyers have shown inclination towards refund. According to Amicus Curae Pawan Shree Agarwal, the principal of total refund amounts to Rs 1,300 crore.... Read more »
  • Maharashtra finally clears way for drop in stamp duty on real estate sale
    The state revenue and forest department has issued the Bombay Stamp (Determination of True Market Value of Property) (1st Amendment) Rules, 2018 that will allow the CCRA for the first time to either increase or decrease the RR rates.... Read more »

Latest Real Estate News from India

  • Mumbai-based realty portal may sell or form JV with MagicBricks or Quikr
    NEW DELHI: People Group, which owns and operates real estate portal, has entered into talks with potential buyers, to sell the venture, at a time when the country’s online property space is being seen as the next battleground for global risk capital and strategic investors. MagicBricks. com and online... Read more »
  • Ahmedabad metro to push city’s real estate market
    Apart from a suitable budget and a strategic location, physical infrastructure also plays an important roll in the decision of buying a property. The approval for the Ahmedabad Metro Rail Project Phase-1 is expected to lift the real estate market of the city. The metro phase 1 stretch covers two... Read more »
  • Wells Fargo’s former India realty investment team launching residential funds
    Capitedge India Investment Advisory, a realty fund and asset management firm floated by six former members of Indian realty team of American banking giant Wells Fargo, is coming out with a residential properties-focused fund in India. This would mark its first fresh fundraising exercise after floating an independent investment advisory... Read more »
  • Bangalore honchos on property-buying spree in the US
    BANGALORE: The investments by Indians (those with Indian passports) in residential property in the United States rose by nearly 50% to $5.8 billion in the year ended March 2014, compared to the year before. Real estate analysts say top executives in Bangalore’s technology industry, many of who have a close... Read more »
  • Relaxed foreign investment rules will help Indian realtors
    The relaxation of rules on foreign direct investments into India’s property development sector, will improve developers’ liquidity and speed-up project-turnaround times, but may also increase competition, says Fitch Ratings. Fitch Ratings says that, the relaxation of rules on foreign direct investments into India’s property development sector, will improve developers’ liquidity... Read more »
  • Easier FDI in real estate means govt is inflating India’s urban housing bubble
    India’s relaxed rules for foreign direct investment (FDI) in construction will make it easier for foreigners to invest in real estate. While the move has surely been cheered by the real estate sector, for it will bring in much needed capital for those steeped in debt, it could bring more... Read more »
  • ‘By March, $10 billion of real estate investment trusts may get listed if Govt provides tax relief’
    Alastair Hughes, CEO (Asia Pacific) of Jones Lang LaSalle (JLL), who was in Bangalore to hold a board meeting of the Asia Pacific region comprising China, Japan, Australia, South East Asia and India, spoke to BusinessLine to share the real estate market sentiment and key issues on corporate leasing. How... Read more »