Simpler green norms for real estate; environment ministry looking to decentralise approval powers

In the New Year, India’s somnolent real estate market may finally get a much needed boost — builders may have to comply with only 12 to 24 environmental norms.

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Delhi-Meerut Expressway to boost NCR property market: CREDAI

The construction of Delhi-Meerut Expressway at cost of Rs 7,566 crore will have a positive impact on the housing supply and demand in the NCR property market, realtors' apex body CREDAI said.

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Realty sector eyes New Year to end multi-year slowdown

Property developers hope that the new real estate law will see the light of day in 2016 and bring in the much-needed efficiency, transparency and accountability into this sector.

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JP Morgan, Apollo Global set to exit BPTP after protracted arbitration battle

The builder has sold its 800,000 sq ft office building BPTP Crest in Gurgaon for Rs 850 crore to pay the institutional investors.

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Delhi HC issues notices to CCI, CREDAI and 20 realty developers over cartelisation, matter to be heard on Jan 18

Realty developers’ troubles regarding allegations of cartelisation have got murkier as the petitioner has moved HC against competition watchdog CCI itself.

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Property market in Bengaluru hit by slow job creation

Sales have fallen by as much as 30 per cent in the last three quarters due to slow job creation, low salary hikes.

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DDA to put up 10,000 rejected flats for sale in March

Of the 25,034 houses put on sale under the 2014 scheme, DDA officials say, owners gave up more than 9,000 flats as they found the rooms too small.

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Dabur Group chairman VC Burman buys Bungalow in Lutyens’ zone for Rs 160 crore

The bungalow, located on a 1,310 square yard plot, has a total built-up space of about 9,000 square feet and was sold at Rs 12.2 lakh per sq. yard.

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DLF gets Rs 1,992 crore from GIC for stake sale in 2 projects

DLF has received Rs 1,992 crore from Singapore’s sovereign wealth fund GIC after the completion of its deal to sell 50% stake in two of its new projects.

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Prestige to buyout partners in Bengaluru projects for Rs 1,400 crore

Prestige Estates Projects has acquired Red Fort India Real Estate Holdco’s 62.54% stake in Bengaluru’s Exora Business Park valued at around Rs 1,400 crore.

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Prateek Group raises Rs 100 crore for its Ghaziabad township project

The group recently raised Rs 135 crore from Indiabulls Housing Finance for an under construction project, Prateek Wisteria, in Sector 77 of Noida.

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Mantri Developers raises Rs 165 crore from Piramal Fund for two projects

The money has been raised as construction finance for two projects, including a residential property in Manyata Tech Park in Bengaluru, which received Rs 100 crore.

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Lodha Group eyes growth in commercial realty space

Lodha Group, the country’s largest realty developer by sales, is now carving out a new vertical with strategic focus on commercial property developments.

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Prestige to buyout partners in Bengaluru projects for Rs 600 crore

Realty firm Prestige Estates will buy-back the securities held by Red Fort and Varidge Ventures in its project Exora Business Park at Bengaluru for about Rs 600 crore.

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SARE Homes get Rs 200 crore investment from KKR for Gurgaon project

FDI-funded realty firm SARE Homes has raised about Rs 200 crore from global investment firm KKR for the development of its township in Gurgaon.

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HDIL sells TDR on Kurla land parcel for Rs 649.51-crore

Realty player Housing Development and Infrastructure (HDIL) has sold development rights on its land parcel at Kurla to DK Realty (India) for Rs 649.51 crore.

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BKC, Nariman Point slip in most expensive office space ranking

The city's prime commercial destinations BKC and Nariman Point dropped in rankings of most expensive office markets globally, even as Delhi's Connaught Place continued to figure in the top 10, a survey said.

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Post deluge Chennai awash with real estate investments

Though the initial negative reactions may last few years, market will return back to normal after that. The situation was similar to Mumbai real estate also after the 2005 deluge.

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Delhi's Khan Market most expensive retail spot in India: Report

Khan Market in New Delhi is the most expensive retail location in India and the 24th worldwide, a report by global real estate services firm Cushman & Wakefield said on Thursday.

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Indian commercial realty business rebounds after 3 years of lull

Commercial space transactions were distributed across new and old buildings in 2015, compared with largely newly completed buildings in 2011.

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Burman family of Dabur Group enter realty buisness in London, Miami

For its second project in London, the company has acquired an old movie studio on Cabul Road, which is close to its first project location.

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Realty queries answered by Ashwinder Raj Singh, CEO - Residential Services, JLL India

As per government rules, stamp duty and registration charges are mandatory whenever you buy a property.

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Panathur-Varthur, Thanisandra to be top investment destinations in Bengaluru till 2020: Knight Frank

Real estate consultant Knight Frank released the second edition of its Residential Investment Advisory Report 2016 in Bengaluru on Wednesday.

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Ten stocks in focus in Tuesday morning trade

For the time being, the idea should be to take profits on short positions and wait for some kind of confirmation on the upside.

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Wall Street closes higher as crude steadies

US stocks closed higher on Monday, bouncing back from last week's slump with help from a reversal in oil prices.

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Wall Street ends higher as oil prices bounce back

US stocks closed higher on Monday, bouncing back from last week's slump with help from a reversal in oil prices.

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Realty firm Vipul raises Rs 150 crore from DMI Finance

Realty firm Vipul Ltd has raised Rs 150 crore from DMI Finance Ltd to develop a luxury housing project in Gurgaon.

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Maha govt's realty projects approvals ease to help make housing affordable: JLL India

The move is also expected to ease developers' cash flow issues as approvals for their projects will be faster, said JLL India in a report.

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Hyderabad most affordable metro for homes

The 2016 edition of the ‘Buy Vs Rent Report’ of financial advisory firm ArthaYantra shows that buying a house will be better option than renting in Hyderabad.

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Tata Realty Set to buy proposed Pune IT SEZ from Kumar Urban Development

Tata Realty is set to acquire Kumar Urban proposed IT SEZ spread over 28 acres in Pune’s Hinjewadi area, two persons aware of the development said.

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Tata Housing taps growing HNI and NRI consumer base through online sales

Tata Housing has hit a sweet spot with a large consumer base of young high networth Indians (HNIs) and non-resident Indians (NRIs) through its online home sales.

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Godrej Properties sells 300 apartments within a week, stock jumps 5%

The 2015 festival season for Mumbai-based realty companies was better than the previous season as firms received a betterthan-expected response for new launches.

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Over 90% buyers prefer vastu compliant homes: Survey

More and more people are looking for 'vastu' compliant homes now a days, a recent survey has revealed.

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World Trade Center launched in Chandigarh

WTC Chandigarh will act as a major catalyst to the economic growth of the Chandigarh Capital Region (CCR) and is expected to bring CCR onto a global platform.

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Godrej Properties sells 300 apartments within a week

Godrej Properties, the real estate development arm of the Godrej Group, has sold 300 apartments within one week at its newly launched project The Trees at Mumbai’s Vikhroli suburb.

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Warehousing space realty deals rise in West Bengal

Amazon India set up its first fulfillment centre in the region, spread over 83,000 sq. ft. at Srirampore in Hooghly district in October.

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Office rents in Pune up 13 per cent on higher leasing, subdued supply: JLL India

Office rents in Pune have risen by 10-13 per cent in the last one year on higher demand for office space and subdued supply, according to property consultant JLL India.

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Serious developers to enter affordable housing sector: Experts

Brick Eagle Chief Executive Officer Rajesh Krishnan said the sector will see very serious developers who want to focus on delivery.

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Chennai floods: Real estate one of the worst hit businesses

It’s still too early to count the losses from the unprecedented floods and torrential rains in Chennai that have impacted people from all walks of life, but one of the worst hit businesses clearly is real estate.

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Home sales in Chennai get washed away

It’s still too early to count the losses from the unprecedented floods and torrential rains in Chennai that have impacted people from all walks of life, but one of the worst hit businesses clearly is real estate.

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Home sales in Chennai get washed away

It’s still too early to count the losses from the unprecedented floods and torrential rains in Chennai that have impacted people from all walks of life, but one of the worst hit businesses clearly is real estate.

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Amrapali to develop housing project worth Rs 2,000 cr for govt staff

Realty firm Amrapali today said it will develop 10,000 affordable homes in Noida Extension for government employees at a cost of Rs 2,000 crore.

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Amrapali to develop housing project worth Rs 2,000 cr for govt staff

Realty firm Amrapali today said it will develop 10,000 affordable homes in Noida Extension for government employees at a cost of Rs 2,000 crore.

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Realty Queries: Expert gives a lowdown of investment opportunities in Mumbai

Ulwe or the interiors of Panvel make good investment sense because of the upcoming developments in the region, such as the new international airport and the trans-harbour road.

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Realty Queries: Expert gives a lowdown of investment opportunities in Mumbai

Ulwe or the interiors of Panvel make good investment sense because of the upcoming developments in the region, such as the new international airport and the trans-harbour road.

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8,400 allottees surrender DDA flats: Govt

Nearly one-third allottees of Delhi Development Authority (DDA) flats under Housing Scheme 2014 have surrendered their flats, the Urban Development Ministry said.

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8,400 allottees surrender DDA flats: Govt

Nearly one-third allottees of Delhi Development Authority (DDA) flats under Housing Scheme 2014 have surrendered their flats, the Urban Development Ministry said.

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RMZ to acquire Essar's Equinox business park in Rs 2,400 crore deal

RMZ manages about 20 mn sqft of office space across multiple cities, but is on the prowl for acquisitions to build a 80 mn sqft portfolio in the next 5 years.

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RMZ Corp-Essar Group’s Equinox Business Park deal may conclude before December-end

The proposed deal between RMZ Corp and Essar Group for the latter’s 1.2-mn sq ft Equinox Business Park is likely to be concluded before December end.

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Rise in land auction prices may hurt realty revival in Hyderabad

Unusually high prices claimed in land auctions help the ruling TRS government mobilise funds for welfare and developmental projects.

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Marvel Realtors buys German Consulate's land in Pune for Rs 168 crore

In the most expensive land transaction in Pune, realty developer Marvel Realtors has acquired a 3-acre land parcel auctioned by the Federal Republic of Germany.

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