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DLF exits cinema biz, sells 7 screens to Cinepolis for Rs 64cr

Realty major DLF on Friday announced the sale of its remaining 7 screens of DT Cinemas in the national capital to Cinepolis India for nearly Rs 64 crore, thereby exiting the cinema exhibition business.

Competition Commission dismisses complaints against two realty firms Competition Commission dismisses complaints against two realty firms

CCI has rejected complaints against two real estate developers -- Imperial Housing Ventures and ANS Developers.

SC pulls up Unitech for delaying completion of residential project Burgundy SC pulls up Unitech for delaying completion of residential project Burgundy

Unitech, had been asked to deposit Rs 5 crore by August 5, 2016, for delaying the completion of a high-end residential project Burgundy.

Magicbricks launches mobile app for property prices Magicbricks launches mobile app for property prices

Realty portal Magicbricks Wednesday launched a mobile app to help users find the current property prices in eight major cities as part of its strategy to expand operations.

Cabinet clears clutch of moves to revive construction sector Cabinet clears clutch of moves to revive construction sector

In a bid to revive the stuck construction and real estate projects, the Cabinet on Wednesday approved an array of measures to help quickly resolve disputes, pump in liquidity and deal with stressed assets.

 

DLF promoters expects to sign Rs 12K cr stake sale deal by Oct DLF promoters expects to sign Rs 12K cr stake sale deal by Oct

Last October, DLF had announced that its promoters would sell 40 percent stake in DLF Cyber City Developers (DCCDL).

Good news for home buyers! DDA Housing Scheme 2016 likely to be launched around Diwali Good news for home buyers! DDA Housing Scheme 2016 likely to be launched around Diwali

Delhi Development Authority's Housing Scheme 2016 with 12,000 flats on offer is likely to be launched around Diwali, in what could be a festive bonanza for home buyers.

SC's ultimatum to DLF: Give possession to Panchkula Valley home buyers by Nov 30 SC's ultimatum to DLF: Give possession to Panchkula Valley home buyers by Nov 30

The apex court has also directed DLF to either meet the deadline or pay 9 percent interest on further delay.

SC asks Parsvnath to refund home buyers; builder says it can't repay SC asks Parsvnath to refund home buyers; builder says it can't repay

The apex court has asked Parsvnath Developers to refund home buyers and investors money in a delayed housing project in Ghaziabad.

'Global investments to help developers acquire new projects' 'Global investments to help developers acquire new projects'

With global investors committing over USD 2 billion in the Indian real estate sector, credit rating agency ICRA said developers would be able to acquire new projects and ensure healthy launch pipeline.

PE inflows in real estate up 33% at Rs 5,193 crore in January-June PE inflows in real estate up 33% at Rs 5,193 crore in January-June

 Private equity inflows in realty sector rose by 33 percent to Rs 5,193 crore in the first half of 2016 on improved investment climate following reforms like real estate regulatory law, ease in FDI rules and introduction of REITs, according to property consultant JLL.

Govt to bring out low-cost housing scheme for EPFO subscribers Govt to bring out low-cost housing scheme for EPFO subscribers

The Labour Ministry will come out with a scheme to provide low-cost housing for retirement fund body Employees' Provident Fund Organisation (EPFO) subscribers, Union Minister Bandaru Dattatreya said Sunday.

Parsvnath Developers to raise up to Rs 1,000 crore via NCDs Parsvnath Developers to raise up to Rs 1,000 crore via NCDs

Realty firm Parsvnath Developers is planning to raise up to 1,000 crore through issuance of non-convertible debentures (NCDs), the company said on Saturday.

Piramal Realty awards Rs 700-cr contract to L&T Piramal Realty awards Rs 700-cr contract to L&T

Piramal Group's real estate firm Piramal Realty has awarded Rs 700-crore contract to L&T Group for construction of its housing project in Mumbai.

Government functionaries ask developers to live upto promises Government functionaries ask developers to live upto promises

 Amid buyer complaints of realtors not delivering housing projects on time, senior government functionaries today asked developers to live up to their promises, and ensure consumers do not suffer endless delays in possession.

Policy for payment of construction firms' debt by agencies Policy for payment of construction firms' debt by agencies

 With an aim to revive construction industry, NITI Aayog is working on a policy to enable various government agencies to pay back debt of their contracting companies directly to the financial institutions or banks.

Housing prices to remain muted in next six months Housing prices to remain muted in next six months

Housing sales are likely to remain stable or improve in next six months while price appreciation is expected to be muted, according to a report by FICCI-Knight Frank India.

Supreme Court directs Unitech Ltd to refund Rs 15 crore to home-buyers Supreme Court directs Unitech Ltd to refund Rs 15 crore to home-buyers

Embattled real estate firm Unitech Ltd was Wednesday directed by the Supreme Court to deposit Rs 15 crore principal amount by September-end to pay back investors who had bought flats in its Gurgaon project but not got possession on time.

SC tells Unitech to refund Rs 15 crore to investors in Gurugram project SC tells Unitech to refund Rs 15 crore to investors in Gurugram project

The court has also asked Unitech to pay Rs 5 crore in 2 weeks and the remaining balance by end of September.

Sahara group owned Plaza hotel among top rated hotel residences globally Sahara group owned Plaza hotel among top rated hotel residences globally

The iconic Plaza hotel of New York, owned by crisis-ridden Sahara group, has been named among the top rated hotel residences in the world.