Today’s Top Real Estate Stories

  • RERA helps Haryana mop up Rs 1,170 crore as EDC from realtors
    HRERA cannot directly claim EDC but it is issuing letters to developers through the department of town and country, saying registrations won’t happen unless EDC dues were cleared.... Read more »
  • Waste treatment now must for all big housing societies, offices in Noida
    According to officials, waste generators will also have to facilitate collection of segregated waste in separate streams, hand over recyclable material to either the authorised waste pickers or the authorised recyclers.... Read more »
  • MCOCA invoked against Mumbai builder, gangster’s aides
    Sources said joint commissioner of police (Crime), Sanjay Saxena, on Thursday issued sanction to the Anti-Extortion Cell (AEC) to slap charges under MCOCA.... Read more »
  • Tamil Nadu RERA issues notices to 29 incomplete housing projects for registration
    They were part of the 204 real estate ongoing projects that had filed applications claiming to be structurally completed, in the wake of the real estate act coming into effect in June.... Read more »
  • Builders asked to notify MahaRERA, buyers before selling majority stake
    The circular also puts the onus of seeking such permission, in cases of forcible acquisition by creditors, on builders... Read more »
  • NGT refuses to set aside environmental clearance granted to Amaravati
    The green panel formed two committees --a supervisory committee and an implementation committee -- to monitor work on the project site of Amaravati.... Read more »
  • NGT lifts ban on construction in Delhi-NCR
    It gave a green signal to the construction of the Eastern Peripheral Expressway but said no dust pollution should be caused.... Read more »
  • NGT asks 10 Faridabad builders to submit bank guarantees
    NGT asked the builders to upgrade their STPs and then approach the Haryana Pollution Control Board for inspection... Read more »
  • IFC, HDFC to create $800 million affordable housing fund
    To create this fund, IFC will pump in $200 million by subscribing to masala bonds, rupee-denominated instruments, issued by HDFC and to be listed on the London Stock Exchange.... Read more »
  • Jaiprakash Associates seeks employees' help to raise Rs 2,000 crore
    Jaiprakash Associates has asked its employees to give approval for deduction of money from their October salary, which will be returned in nine equal installments starting January 2018... 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 »