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Parsvnath repays Rs 60-crore debt to Essel Finance

Realty firm Parsvnath Developers has cleared a debt of Rs 60 crore to Essel Finance and some other investors through redemption of non-convertible debentures (NCDs).

Bawankule feels Nagpur can be among top 10 smart cities Bawankule feels Nagpur can be among top 10 smart cities

People's participation can place Nagpur among top 10 Smart Cities in the world, according to Delivering Change Foundation (DCF) Managing Director Abhijeet Pawar.

Housing.Com appoints Mani Rangarajan as CFO

Mani has held executive level roles in companies such as Citigroup and Yahoo. He has also been involved with several start-ups in India in advisory roles, the SoftBank-backed portal said.

Housing sales to grow at slower pace this festive season: Jones Lang Lasalle Housing sales to grow at slower pace this festive season: Jones Lang Lasalle

Housing sales are expected to rise at a slower pace of 15-20 per cent during the ongoing festival season due to high prices in big cities and subdued sentiments in the property market, according to consultant Jones Lang Lasalle ​(JLL) India.

DLF gets British Safety Council award for 6 buildings in NCR DLF gets British Safety Council award for 6 buildings in NCR

Realty major DLF Thursday said it has received the 'Sword of Honour' award from the British Safety Council for maintaining highest safety standards in six commercial buildings in Delhi-NCR.

Tata Housing plans to develop 20-mn sq/ft land in 8 cities Tata Housing plans to develop 20-mn sq/ft land in 8 cities

The company, which was revived in 2006, presently has got 29 projects and 70 million sq/ft land under various stages of planning and execution across 13 cities.

Cox & Kings acquires UK's online hotel booking firm LateRooms

Travel services provider Cox & Kings today fully acquired UK-based online hotel booking specialist LateRooms for 8.5 million pounds (about Rs 85 crore) from TUI Group.

Alleged land encroachment in Greater Noida: HC asks DM to decide representation in 3 months Alleged land encroachment in Greater Noida: HC asks DM to decide representation in 3 months

The Allahabad High Court on Monday directed the District Magistrate of Gautam Buddh Nagar to look into allegations of encroachment of thousands of square metres of public land, spread across three villages of the district, and take an appropriate decision within three months.

USD 15-20 billion of commercial space eligible for REITs in 2-3 years USD 15-20 billion of commercial space eligible for REITs in 2-3 years

As per a KPMG survey, around 80-100 million square feet of commercial space worth USD 15-20 billion would be eligible for Real Estate Investment Trusts in the next 2-3 years.

RBI move on LTV ratio to cut down home loan rates: Crisil

RBI's move to lower loan-to-value ratios and risk weights for individual housing loans can help bring down interest rates on home loans by another 25-30 basis points over the next few months, says a report.

 

Relax realty norms for faster project execution: Hiranandani

Stating that measures taken by the Central and Maharashtra government in terms of ease of doing business have not percolated to the ground level, real estate tycoon Niranjan Hiranandani has said developers are facing various issues such as delay in clearances.

RBI's new norms to boost housing loan market: BofA-ML RBI's new norms to boost housing loan market: BofA-ML

The Reserve Bank's new norms on individual housing loans is expected to give a strong fillip to the housing loan market in India, says a Bank of America Merrill Lynch report.

 

DLF promoters to sell 40% stake in rental arm DLF promoters to sell 40% stake in rental arm

The promoters will re-invest a significant part of the amount realised from the sale in DLF Ltd.

Home buyers can now get more loan for property up to Rs 30 lac Home buyers can now get more loan for property up to Rs 30 lac

Banks can now provide home loans up to 90 percent for properties that cost Rs 30 lakh or below, RBI said Thursday.

 

37 consulting firms to prepare Smart City plans for 88 cities 37 consulting firms to prepare Smart City plans for 88 cities

Urban Development Ministry has announced the names of 98 cities which would be developed into smart cities having core infrastructure needed to enhance urban living.

 

NDMC records highest collection of property tax in five years NDMC records highest collection of property tax in five years

The New Delhi Municipal Council (NDMC) has recovered a record property tax collection of over Rs 290 crore during the current financial year so far, the highest figure in the last five years.

Parsvnath gets shareholders nod to raise Rs 1,000 cr via NCDs Parsvnath gets shareholders nod to raise Rs 1,000 cr via NCDs

Realty firm Parsvnath Developers' shareholders have approved the company's special resolution to raise up to Rs 1,000 crore through private placement of non-convertible debentures (NCDs).

DLF board to meet on Oct 8 to prepare roadmap for rental biz

Realty major DLF on Saturday said its board will meet on October 8 to discuss the recommendations made by a committee on ways to drive the growth of company's rental business worth Rs 2,400 crore.

Housing.Com, Credai forge deal for exclusive partnership Housing.Com, Credai forge deal for exclusive partnership

Housing.Com, one of the leading real estate platforms, and the Confederation of Real Estate Developers' Associations of India (Credai), India's apex real estate body, Friday signed a memorandum of understanding (MoU) for an exclusive partnership for three years.

Gulf an attractive region for expatriates to live in, survey

The Gulf Cooperation Council (GCC) region has been named the most safe and secure place for expatriate professionals, according to a survey.