Today’s Top Real Estate Stories

  • Strict conditions stall Taj Mansingh auction
    Under the existing conditions, only a handful of hospitality players like ITC, Oberoi and Taj could have bid for the hotel... Read more »
  • SC seeks explanation from civic bodies for not taking action against illegal constructions in Delhi
    A bench of Justices Madan B Lokur and Deepak Gupta directed MCD, NDMC, DDA, Land and Development Office (L&DO) to file their response after senior advocate Ranjit Kumar... Read more »
  • Blackstone in talks to buy L&T's commercial property portfolio for Rs 2,300 crore
    This portfolio of the real estate arm of engineering major Larsen & Toubro includes about 8 lakh sq ft of fully-leased commercial tower at the L&T premise in Powai suburb... Read more »
  • Regulatory transitions pave way for realty sector’s consolidation: ICRA
    The year 2017 for the real estate sector would be defined by the various regulatory transitions witnessed... Read more »
  • MahaRERA to issue notice for property brokers’ registration soon
    Crebai members, however, said with nearly 80% of the brokers dealing with secondary or re-sale property, there is a hesitation among them for the registration... Read more »
  • Govt may use land of sick PSEs for affordable housing
    A senior government official confirmed the development and said some of the projects would be completed before 2022... Read more »
  • Tata-backed Resurgent bids for power assets of Jaypee
    Two Middle East sovereign funds — Kuwait Investment Authority and Oman State General Reserve — and Canadian pension fund CDPQ jointly own 65% in Resurgent Power... Read more »
  • Govt panel's proposal to end MAT on SEZs under review
    Tax experts said removal of MAT would boost business sentiment. “Ideally, MAT should not be levied on SEZ units, as it’s against the very concept of providing tax concession to the industry... Read more »
  • This could be the turnaround year for real estate. Here's why
    A Delhi-based employee of a public sector company, who prefers to be called Roy, was due to retire in 2011. With both his daughters settled, he had hoped to move into a home with his wife of 40 years... Read more »
  • Submit safety plan for Parel towers, chief fire officer told
    A division bench of Justice Abhay Oka and Justice Pradeep Deshmukh was hearing petitions on alleged unauthorised constructions at Ashok Towers in Parel... 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 »