Latest News

Gaursons buys 300 acre from Jaypee group for Rs 1,500 crore in Greater Noida

Fri, May 24 2013

Ghaziabad-based realty firm Gaursons will start developing an integrated township by end of this year. For the project it has bought 300 acre land on Yamuna Expressway in Greater Noida from Jaypee group for over Rs 1,500 crore.

Mumbai to beat NCR in commercial realty

Thu, May 23 2013

Mumbai has pipped National Capital Region to emerge as the most attractive investment destination for office properties in India. As per the report of global real estate consultant Knight Frank, the city is likely to witness 63% hike in property prices and 47% rise in rentals over five years.

Connaught Place rentals up by 12%; Noida malls witnesses rise of 10%: Cushman & Wakefield

Wed, May 22 2013

According to the latest retail report by Real estate consultancy Cushman & Wakefield, Connaught Place (Inner Circle) has witnessed a sharp rise of 12% in real estate rentals. Prime malls across Delhi NCR are not far behind with rentals going up by 10%.

NDMC to map properties to widen tax net

Tue, May 21 2013

In the bid to identify defaulters of property tax, the North Delhi Municipal Corporation (NDMC) is set to map the properties under its jurisdiction. The properties will be coded as per the Unit Property Identification Code (UPIC).

Delhi to get tout-free, seamless property registration system

Mon, May 20 2013

In what could be termed as a radical reform in existing property registration system in Delhi, the state government is set to introduce a transparent mechanism which will empower people to avail services in all 13 sub-registrar offices without any jurisdictional issue.

PNB, Axis, HDFC ready to fund poor for housing in Haryana

Fri, May 17 2013

There is something to cheer about for poor in Haryana. Private banks including Axis Bank and HDFC have shown their willingness in providing loans to buy government financed 3.5 lakh houses for poor in the two years.

Glittering shopping malls across India become hostage to gloom as vacancy levels go up

Thu, May 16 2013

Magnificence of malls mushrooming all across the country may prompt you to believe in their success but the ground story is far from what meets the eye. With vacancy levels shooting up, shopping malls are reduced to centers of gloom as oppose to what they used to be.

High-rise buildings help change Bangalore skyline

Wed, May 15 2013

Days are not far when Bangalore will be in the league of cities like Mumbai, Singapore or New York because of its high-rise buildings. Real Estate Developers seek to capitalize on the relatively new concept of high-rise buildings in Bangalore.

Properties From Across India To Be Showcased At UAE exhibition

Tue, May 14 2013

More than 50 top realty developers from India are about to take part in the tenth edition of India homes property fair to be held in Dubai. The property fair, to be held from May 16-18, exclusively for NRIs, will witness participation from Industry big-wigs like HDFC Ltd, India's reputed housing finance company

Mumbai housing prices appreciate by 66% in 4 years

Mon, May 13 2013

Property Consultant Jones Lang LaSalle (JLL) has come up with a startling revelation that Mumbai has witnessed a sharp rise of 66% in housing prices over the last four years.

ITC chief YC Deveshwar buys bungalow in tony Delhi area for Rs 85 crore

Fri, May 10 2013

After buying a bungalow in Shanti Niketan area of south-central Delhi for around Rs 85 crore, YC Deveshwar, the chairman of the hotels-to-cigarettes group, ITC, has probably become the first salaried executive to make such an expensive home purchase.

In recent times, every scam's trail has led to dubious deals in real estate

Thu, May 9 2013

Real Estate Sector, owing to the absence of strict regulations, has become one of the easiest ventures for corrupt scamsters and politicians to park their black money. The nexus is costing both the home buyers and the national exchequer.

PBEL Property Development to invest Rs 1,500 crore in Chennai

Wed, May 8 2013

Over the period next 2-3 years, real estate firm PBEL Property Development will be investing Rs 1,500 crore in its upcoming projects in Chennai. The company is very optimistic about the real estate sector in the city.

Flexible workspace providers make a pile as businesses look to cut real estate costs

Tue, May 7 2013

It is merry time for flexible workspace providers. Economic slowdown has prompted business enterprises to curtail their real estate costs and maximize resource utilization by acquiring office spaces on rent.

Watch out for those offers, they can be risky

Mon, May 6 2013

Hit by a longish spell of economic slowdown, the real estate market has become quite active and aggressive in promoting discounts. However, there is a catch in the story; any scheme that sounds too good can be a fishy proposition.

Realtors welcome rate cut; seek more reduction to boost sector

Fri, May 3 2013

Real estate sector has welcomed the decision of Reserve Bank Of India to cut key policy rates by 0.25 per cent. Realtors wish more reduction so as that interest costs to home buyers and builders can come down.

RICS to address inconsistencies in property measurement rule

Thu, May 2 2013

Fifteen global property organizations and the Royal Institution of Chartered Surveyors (RICS) have come together to bring reforms in the methods of property measurement around the globe.

Piramal's Indiareit Fund makes foray into realty development

Wed, May 1 2013

Piramal Enterprises' real estate-dedicated private equity arm, Indiareit Fund Advisors will no more be a third-party investor in real estate projects. It will now venture into developing residential real estate properties in Bangalore on its own.

SRS Group inaugurates 2.25-lakh sq ft SRS Tower

Tue, Apr 30 2013

SRS Group that has stakes in real estate, cinemas, jewelry, retail and hospitality, is set to begin it news real estate venture -- SRS Tower -- on the Mathura Road. The tower will be equipped with world class facilities and will serve as cutting edge corporate address.

Lodha Group, Indiabulls cut luxury apartments prices by up to 15% in Mumbai

Mon, Apr 29 2013

Market may be sluggish for real estate developers but it has certainly brought a smile on the faces of those planning to buy luxury apartments in central Mumbai. Leading developers Lodha Group and Indiabulls Real Estate are already offering property at 10-15% lower price tags.