Today’s Top Real Estate Stories

  • Co-working spaces demand continues to rise, set to triple in 3 years
    During the quarter, co-working players have picked up 2 million sq ft of office space with the highest transaction activity witnessed in Bengaluru, NCR and Hyderabad markets... Read more »
  • Two ex-execs of Lehman eye 100% stake in Unitech's Mumbai project
    Two former executives of Lehman Brothers, who were instrumental in a deal whereby the investment banking arm of the New York-based company invested about $175 million in a Mumbai project of Unitech... Read more »
  • HNIs moving away from equities to real estate and debt
    The SIP book in March was at Rs 7,119 crore, while total inflow was limited to Rs 2,954 crore.... Read more »
  • YEIDA report shows how officials flouted rules in the Rs 126-crore land scam
    Meanwhile, a report by Meena Bhargava, the current GM (planning), who probed into the purchase of 57 hectares of land, reveals how YEIDA officials... Read more »
  • Taj Group acquires Lutyen's Delhi hotel in NDMC auction
    The property at 37, Shaheed Bhagat Singh Marg has about 85 rooms, 3 banquet halls and one swimming pool and is situated adjacent to Connaught Place... Read more »
  • Blackstone-Embassy Group to file for REIT IPO in July
    Blackstone and local partner Embassy Group plan to file a prospectus for an IPO of the REIT.... Read more »
  • Bank of Maharashtra's CEO and ED arrested in DSK Group case
    According to allegations made by the Pune EoW, the arrested officials colluded with the DSK Group by entering into fraudulent transactions and sanctioned loans with was later siphoned off... Read more »
  • Tamil Nadu RERA raises fee for filing complaints
    According to a circular on Tuesday, Rs 1,600 should be paid for filing complaints with the authority under Section 31 of the Real Estate (Regulation and Development) Act, 2016... Read more »
  • Bank of Maharashtra to auction DSK Group's housing project at Dhayari
    This declaration took place only a day after his son Shirish was denied bail by the Supreme Court and asked to surrender within a week... Read more »
  • Increase in income limit for priority sector lending to help cover more homebuyers
    Late Tuesday, the central bank revised the existing limit for family income of Rs 2 lakh per annum for loans to housing projects for home construction for EWS and LIG, to Rs 3 lakh and Rs 6 lakh per annum, respectively... 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 »