Centre all set to launch its own realty portal

The government is set to launch one of its own, initially with about 50,000 residential properties that you can bid for online.

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Carnival Group acquires L&T's realty projects for Rs 1,785 crore

The deal includes the largest mall in Chandigarh Elante Mall, Hyatt luxury hotel and office premises with central courtyard.

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Carnival Group buys L&T's Chandigarh realty project for Rs 1,785 crore

Carnival Group has acquired Larsen & Toubro’s commercial project, which includes Elante Mall, Hyatt luxury hotel and office with central courtyard.

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Godrej Properties sells 4.35 lakh sq ft BKC office space for Rs 1,480 crore

While the company did not name the buyer, a top official involved confirmed the place has been bought by pharmaceutical major Abbott India.

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After RBI cuts rate, realtors want banks to cut home loan rates

The reduction in the banks’ lending rate is also expected to lower the borrowing cost of builders and ease the pressure on interest outgo.

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Housing sector gets leg-up as RBI to lower minimum risk weight

Detailed guidelines in this regard are being issued separately, the RBI said in its Fourth Bimonthly Monetary Policy statement.

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Realty developers hail rate cut, appeal banks to pass it on to consumers

They are also appealing banks to pass on the benefit of the rate reduction to consumers by easing the home loan rates.

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India Infoline invests Rs 78 crore in housing project at Jaipur

India Infoline has invested Rs 78 crore in a housing project, developed by Urbana group, at Jaipur.

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L&T plans plush township in Bengaluru to monetise land parcel

L&T Realty began its operations in 2012 and is now undertaking projects in Bengaluru and Chennai where the group has owned land parcels.

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Supertech raises Rs 100 crore from Indiabulls Real Estate

RK Arora, managing director of Supertech, confirmed that the company has issued non-convertible debentures worth Rs 100 crore to Indiabulls Real Estate.

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Noida realtor Supertech raises Rs 100 crore

RK Arora, managing director of Supertech, confirmed that the company has issued non-convertible debentures worth Rs 100 crore to Indiabulls Real Estate.

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Standard Chartered Bank to sell its 19 Netaji Subhas Road office for Rs 110 crore

Standard Chartered Bank, has decided to sell its 19 Netaji Subhas Road office, a veritable 80,000 sq ft space built in the 19th century.

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Sebi fines PACL Rs 7,269 crore for illegal raising of funds

The penalty follows another order by Sebi last year wherein PACL was asked to refund Rs 49,100 crore it had collected through illicit schemes over a 15-year period.

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States agree to comply with environmental guidelines for urban construction projects

State governments have broadly agreed to comply with the proposed environmental guidelines for construction projects in urban areas.

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Uncertainty looms over appointment of regulatory body for Mumbai home buyers

The Maharashtra Government appears to be in a dilemma over appointment of a regulatory body to safeguard interests of home buyers in Mumbai.

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Lodha Group's Chief Financial Officer Anurag Singhvi, Chief Marketing Officer R Karthik quit

Lodha Group's two top executives — Chief Financial Officer Anurag Singhvi and Chief Marketing Officer R Karthik — have quit.

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Arun Muchhala Group to pump Rs 500 crore into hospitality

Arun Muchhala Group, says it will fund a Rs 500-crore foray into hospitality from accruals of other businesses and external borrowing.

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More than 2/3rd of unsold housing inventory in Mumbai priced over Rs 1 crore

More than twothird of the unsold housing inventory in Mumbai, the country's commercial capital, is priced above Rs 1 crore.

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AMRL Hitech City gets investment commitment of over Rs 1,000 crore

Spread over 2,518 acres in Nanguneri (Tamil Nadu), AMRL Hitech City is creating a sustainable and comprehensive industrial zone.

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Two-third of Mumbai's unsold homes over Rs 1 crore, beyond most home-buyers’ reach

More than two-thirds of the unsold housing inventory in Mumbai is priced above Rs 1 crore, well beyond the reach of most of the city's prospective home buyers.

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Two-third of Mumbai's housing inventory priced over Rs 1 crore, says JLL India study

More than two-thirds of the unsold housing inventory in Mumbai is priced above Rs 1 crore, well beyond the reach of most of the city's prospective home buyers.

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New Gurgaon: An exciting destination for realty investment

There are already large township projects in New Gurgaon by the likes of DLF, Vatika, Orris, Lotus Greens, Supertech and Ramprastha, among others.

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DLF to open Rs 300-crore Emporio Mall in Delhi by May 2016

Realty major DLF will be opening its sixth mall in Delhi-NCR by May next year at an investment of Rs 300 crore.

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ATS group buys 125 acre in Noida for about Rs 1,300 cr

Realty firm ATS Infrastructure has purchased 125 acres of land in Noida for about Rs 1,300 crore to develop a housing project and a cricket stadium.

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BPCL all set to start work on Rs 5,000 crore complex in Kochi

Finance Director P Balasubramanian said that the company has secured a Rs 4,000-crore loan commitment from State Bank of India for the project.

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Blackstone, GIC and others bet on commercial real estate market making a comeback

Reviving momentum in commercial realty is an indicator of the economy's health and the ongoing uptake in commercial realty also augurs well for job creation.

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Sangam Lifespaces eyes Rs 6,000 crore revenue in next 5 years

Sangam Lifespaces, the realty arm of diversified Sangam Group, is eyeing nearly Rs 6,000 crore revenue in next five years.

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JLL appoints Yash Kapila as COO for IFM in EMEA region

Kapila will be responsible for account operations and business transformation, effective from the fourth quarter of 2015.

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DDA develops prototype for mobile app; seeks public suggestion

The prototype is part of one of the four mobile applications that the DDA is planning to launch soon to facilitate the public.

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Kochi grabs top slot as real estate destination: PropEquity report

Southern tier II cities have also outperformed their northern peers as top residential real estate destinations, with Kochi grabbing the top spot.

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DLF's Rs 1,100-crore shopping mall in Noida to open in November

"DLF Mall of India is going to open its doors for public with weeklong festivities in November 2015," the country's largest real estate firm said.

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Fashion TV’s fourth branded residence project in India to come up at Lucknow

The work of the project, f-Crown homes, has already started after receiving approvals and the project is expected to be completed within a period of three to four years, the company said.

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Kochi top real estate destination in Tier II cities: PropEquity study

The study by PropEquity also found that the total market size of the 19 tier II cities in terms of annual sales stood at Rs 32,600 crore.

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Government to put in place single window clearance for building permissions by early next year

Naidu also said that the real estate sector needs to focus on green building technologies and adopt appropriate, cost-effective building materials.

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Ozone Group in talks with private equity funds to raise Rs 700 crore

Bengaluru-based real estate developer Ozone Group is in talks with private equity (PE) funds to raise Rs 700 crore for its 150-acre township in the city.

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Piramal Realty launches new project in Thane

The project, Piramal Vaikunth, is spread across 32 acres, and will house 14 towers having 2/3 BHK apartments, duplexes and townhouses.

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Andhra Pradesh government cancels agreement with Unitech, forfeits Rs 255 crore

The government had earlier declined to appoint an arbitrator, as requested by Unitech, to settle the issue.

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India's super rich like KM Birla, Cyrus Poonawalla, Godrej strike realty deals in sluggish property market

Birla, Poonawalla, Godrej and others paying stratospheric prices for these iconic properties are buying them for private use.

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India's super rich like Birla, Poonawalla, Godrej strike realty deals in sluggish property market

Birla, Poonawalla, Godrej and others paying stratospheric prices for these iconic properties are buying them for private use.

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Brigade Group ties up with Steve Waugh-promoted realty portal

The Waugh-promoted firm entered the domestic real estate market after launching a portal that will cater to the housing demands of NRIs.

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At Rs 750 crore, Lincoln House sold below reserve price

Restriction on redevelopment and uncertainty over other approvals have led to the US consulates' South Mumbai property, Lincoln House at Breach Candy, being finally sold about Rs 100 crore below its initial reserve price of Rs 850 crore.

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Cyrus Poonawalla buys iconic Lincoln House in Mumbai for Rs 750 crore

Though Grade-III heritage properties are open for redevelopment now, sources said Poonawalla wants to use the Lincoln House as a family residence.

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Cyrus Poonawalla buys iconic Lincoln House in Mumbai for Rs 750 crore

Though Grade-III heritage properties are open for redevelopment now, sources said Poonawalla wants to use the Lincoln House as a family residence.

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Chennai sees spurt in land transactions

The biggest deal during this period involved CPPIB and SPREP acquiring SP Infocity IT Park in Chennai for $220 million or nearly 1,460 crore.

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Essel Group keen on developing integrated resort cities in Andhra Pradesh

"Andhra Pradesh has some of the best places. Explore the locations in the state and come up with a report," Naidu told them, the release said.

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Embassy group signs MoU with Tamil Nadu

Property developer Embassy Group today said it has signed an MoU with Tamil Nadu government for the development of an industrial park for Rs 900 crore.

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Shree Pushkar Chemicals, Pennar Engineered settle below issue price

Shares of Shree Pushkar Chemicals & Fertilisers and Pennar Engineered Building Systems made a muted debut on the bourses as both the firms ended the day below their issue prices.

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Builders association appeals government to resolve issues blocking infrastructure, housing

The Builders Association of India has appealed the government to initiate corrective measures to resolve issues that are blocking housing and infrastructure development.

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Realtor Kalpataru gets restraining order against FMCG company for trademark infringement

Kalpataru also found a website hosted by the Kolkata based company with the impugned mark http://ift.tt/1EOdoPz, the release added.

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Orris Infrastructure raises Rs 325 crore from NBFC IndoStar Capital

Gurgaon-based builder Orris Infrastructure has raised Rs 325 crore from non-banking finance company IndoStar Capital.

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