Today’s Top Real Estate Stories

  • Debt refinancing deals slow down in real estate sector
    Mid-sized developers operating in not so lucrative markets are finding it difficult to get their loans refinanced, industry experts said.... Read more »
  • NBFCs liquidity crunch to hit home loan sales: Report
    Home prices, which have witnessed a relative slowdown in growth, will continue to be under pressure, Japanese brokerage Nomura has said.... Read more »
  • Builder can demolish extra floors to comply with height restrictions: Bombay HC
    It said no approval was needed for a builder to pull down extra floors to comply with norms.... Read more »
  • MahaRERA denies interest on delayed possession to home buyer
    The Authority also directed the developer Forefront Private Ltd to advance its possession date of December 2020, and deliver the possession by March 31 2019 with the Occupancy Certificate.... Read more »
  • More takers for large office space this year
    Office space leased through large deals rose 35% to 18.2 million and accounted for 50% of total leasing during the period. As a result of the large deals, the average deal size has risen 27% this year to 34,200 sq ft, showed data from Cushman & Wakefield.... Read more »
  • Housing prices up 5.3% during April-June quarter in 10 major cities: RBI
    "On a year-on-year basis, the all-India HPI recorded a growth of 5.3 per cent in Q1:2018-19 as against 6.7 per cent in the previous quarter and 8.7 per cent a year ago," RBI said in a statement... Read more »
  • Housing finance and realty stocks crash after Supertech defaults
    Indiabulls Housing Finance led the crash in non-bank lenders and realty firms as fears of the two sectors dragging each other down due to payment difficulties gathered momentum with Supertech’s the default... Read more »
  • CCI dismisses unfair business practices complaint against Vatika, CREDAI
    The regulator disposed of the matter as it did not find any contravention of the sections pertaining to abuse of dominant market position and anti-competitive agreements by Vatika and CREDAI, according to a CCI order.... Read more »
  • UP-RERA asks buyers of Subhkamna Tech Home to come-up with own plan to finish project
    The buyers claimed they have paid up 90-95% of the cost of the flats to the builder, amounting to Rs 200 crore, and are left with no other option but to take the onus of completing the project as the real estate company, Subhkamna Buildtech, is in a mess.... Read more »
  • ITAT allows tax sops on sold depreciable realty
    The matter came up for litigation as the capital gains that arise on sale of an asset on which depreciation has been claimed by the taxpayer are ‘deemed’ to be short-term in nature, under section 50 of the Income Tax (I-T) Act.... 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 »