Today’s Top Real Estate Stories

  • Despite 30% of refund claimed obligatory and mandatory: MREAT
    The flats, located on the 27th and 29th floor of Shristi Sea View, a 42-storied sea-facing highrise building at Mahim, were booked in July 2013 as per registered agreements and were to be delivered within 36 months Read more »
  • Warehousing may pull in $10 billion in next 4-5 years
    With addition of around 200 million sq ft warehousing space across India, total supply is expected to nearly double by 2022, estimated JLL India. Read more »
  • DSK Group's depositors may have to wait longer for dues
    A special MPID court in Pune is already hearing the state’s plea for public auction of 143 “free hold” properties of developer D S Kulkarni, alias DSK, and his group. Read more »
  • Baring, Bain and Hero Fincorp vie for 10% stake in DHFL
    The DHFL stock had plummeted after a news portal accused it at the end of January of giving loans worth Rs 31,000 crore to “dubious” entities linked to the promoters, who were the ultimate beneficiaries. Read more »
  • Orbit Terraces' buyers can take over project: Bombay HC
    High Court accepts the housing society’s proposal to take over as developers and complete construction in the stuck project after settlement with banks. Read more »
  • Lodha Developers sells 28% in London arm for £112 million
    Lodha Developers is likely to continue looking at several monetisation options. Read more »
  • MahaRERA orders recovery warrant against Nirmal Developers
    A large number of home buyers walked out of the project owing to delays, and complained to RERA under the aegis of Nirmal Developers Olympia Aggrieved Buyers Association last year. Read more »
  • SC directs Unitech to cooperate with forensic auditors
    The apex court said that data of even former employees must be given to the auditors within two weeks. Read more »
  • NBCC, Suraksha Group bid to acquire beleaguered Jaypee Infratech
    NBCC Chairman and Managing Director Anoop Kumar Mittal declined to comment on details of the company’s bid. Read more »
  • Lodha’s London properties additional divestment to address March 2020 bond maturity, Moody’s
    Lodha Developers UK holds two properties, 48 Carey Street and 1 Grosvenor Square, which Lodha Developers is building in London. 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 »