Today’s Top Real Estate Stories

  • SC directs Dhingra committee to auction Unitech’s two land parcels in Kolkata
    The apex court also observed that home buyers who have received favourable judgements in the consumer courts will be given preference while refunding money... Read more »
  • Bengaluru-based Salarpuria to focus on commercial realty: MD
    The Bengaluru-headquartered company also plans to shift focus to developing and selling plots of land, even as residential segment is crawling back to recovery... Read more »
  • Max Estates set to invest Rs 1,500 crore to build portfolio of office spaces
    The company is completing its first project of 5 lakh square feet known as Max Tower in Delhi One, a commercial and residential property in Sector 16 of Noida... Read more »
  • Mumbai: Oberoi Sky Heights gets BMC notice for amalgamating flats
    According to the BMC, which inspected the building last month, flats in the building have been amalgamated, passage areas have been included as part of the flats and a string of other unauthorised alterations and additions have been carried out... Read more »
  • Mumbai-based builder asked to compensate home buyer for delay in delivery
    A group of home buyers, following the delay in the delivery of project Sheth Midori in Mumbai’s Borivali suburb, had moved the authority seeking compensation on account of the delay... Read more »
  • Logistics, warehousing H1 leases up 45%; GST, infra status pushes demand
    Leasing activity was primarily driven by consolidation and expansion moves of e-commerce, 3PL, retail, and engineering and manufacturing companies, which together accounted for more than 75% of the leasing reported during the period... Read more »
  • Elara Technologies secures $35 million from Citi Singapore
    Wong Sin Ping, Global Subsidiaries Group Head of Citi Singapore said, “India's real estate sector is growing at a healthy pace on the back of strong overall market demand... Read more »
  • Mumbai: Amex Developers directed to file application with BMC to raze adjacent building
    A bench of Justices Abhay Oka and Riyaz Chagla heard a petition by Amex Developers, which is constructing on a plot at Keshavji Naik Road where Rambia House earlier stood... Read more »
  • DLF-GIC to invest Rs 1,250 crore for housing project in central Delhi
    DLF had entered into a joint venture with GIC for these two projects, which will be called 'Midtown', having total development potential of about 7 million sq ft... Read more »
  • Bihar RERA freezes bank accounts of Patna Green Housing
    The Authority has also barred the company from booking any plot, house or bungalow in the project at Shivala Mor on Danapur-Bihta road... 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 »