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Major relief to home buyers! SC orders to disburse Rs 15 crore deposited by Unitech to investors Major relief to home buyers! SC orders to disburse Rs 15 crore deposited by Unitech to investors

The apex court directed to refund the money to 38 buyers as buyers refuse to rely on the assurance of possession by 2017 and has directed Unitech to deposit Rs. two crore more in registry in the next four weeks.

Office space leasing in 7 major cities touches 10-quarter high in July-September Office space leasing in 7 major cities touches 10-quarter high in July-September

Office space leasing in seven major cities touched a 10 quarter high at 11 million sq ft during July-September with corporates remaining upbeat on their expansion plans, according to property consultant CBRE.

Mumbai only Indian city on Global Power City Index, ranked 39th Mumbai only Indian city on Global Power City Index, ranked 39th

The financial city of India, Mumbai was the only city from the country to feature in the latest Global Power City Index that was released by the Mori Memorial Foundation's Institute for Urban Strategies.

Builders have turned indifferent to fulfilling promises: Supreme Court Builders have turned indifferent to fulfilling promises: Supreme Court

 Real-estate firms today got a rap on their knuckles from the Supreme Court for making tall claims to purchasers which remained unfulfilled due to inordinate delay in completing the housing projects.

Global Power City Index: London tops for 5th year, Mumbai ranks 39th Global Power City Index: London tops for 5th year, Mumbai ranks 39th

For the fifth consecutive year, British capital London has topped the 2016 Global Power City Index with India's financial hub Mumbai coming in at 39th position on the list that ranks the world's cities on business, innovation and culture.

Growth in infrastructure development will pull down prices: Experts Growth in infrastructure development will pull down prices: Experts

Concerned over the rising land cost, realty experts believe that growth in infrastructure development will result in bringing the prices down.

India needs $1 trillion for housing, infra projects: Report India needs $1 trillion for housing, infra projects: Report

India will require investments of USD 1 trillion over the next 5-7 years to meet demand from infrastructure and housing with banks, private equity and NBFCs likely to be main sources of funds, says a report.

Realtors seek tax relief, land to build affordable homes

Realtors' body NAREDCO today demanded tax relief and increase in land supply to develop affordable homes so as to help achieve the government's 'Housing for All' objective.

Lodha Group sells flats worth Rs 690 crore in Palava township

Mumbai-based realty firm Lodha Group on Thursday said it has sold homes worth Rs 690 crore during last 10 days in its township project at Palava.

PNB Housing Finance receives Sebi nod for Rs 2,500-crore IPO PNB Housing Finance receives Sebi nod for Rs 2,500-crore IPO

PNB Housing Finance has received capital markets regulator Sebi's go ahead to raise Rs 2,500 crore through an initial public offering.

CBI files corruption, cheating and conspiracy case against the MD of Repco Housing Finance Limited CBI files corruption, cheating and conspiracy case against the MD of Repco Housing Finance Limited

CBI has filed a case of corruption, cheating and conspiracy against the Managing Director of Repco Housing Finance Limited and three other top officials besides two persons of a partnership firm and seized incriminating documents in searches. 

HDFC Realty mulls helping banks dispose of defaulter assets HDFC Realty mulls helping banks dispose of defaulter assets

Taking its experience in selling properties of Sahara and PACL for Sebi a step further, real estate advisory firm HDFC Realty is considering helping banks sell properties of defaulters and recover loans.

Centre to notify rules of the Real Estate Act soon Centre to notify rules of the Real Estate Act soon

The Centre will notify the rules of the Real Estate Act soon, moving another step toward operationalising the legislation which seeks to regulate the housing sector, bring transparency and help protect consumer interests.

Consumer demand for houses remains damp in festive season Consumer demand for houses remains damp in festive season

Real estate developers across the country are unlikely to witness higher sales this festive season even as the Reserve Bank has slashed interest rate by 0.25 percent, according to a report.

'Builders will pay penalty to all home buyers for delay in delivery' 'Builders will pay penalty to all home buyers for delay in delivery'

India is not a banana republic and builders will have to pay penalty to all home buyers for delay in delivery- National Consumer Disputes Redressal Commission's judgment on Friday drew the point home.

DHFL cuts home loan rate by 0.2% to 9.35% DHFL cuts home loan rate by 0.2% to 9.35%

Dewan Housing Finance Corporation Ltd (DHFL) on Thursday reduced lending rate by 0.2 percent to 9.35 percent to cash in on the festival fervour.

Snapdeal Diwali real estate sale kicks off; property deals start at Rs 30 lakh Snapdeal Diwali real estate sale kicks off; property deals start at Rs 30 lakh

The Diwali real estate sale starts from October 5 and will continue till October 21.

Rate cut by RBI: Banks should passed on rate cut to consumers Rate cut by RBI: Banks should passed on rate cut to consumers

RBI should impress upon banks to pass on benefits of the rate cut to customers by lowering interest on home loans for boosting housing demand, realty developers and consultants today said while hailing the policy move at the time of festivals.

Housing sales down 1-2% in Jan-June in seven major cities Housing sales down 1-2% in Jan-June in seven major cities

Housing sales fell by 1-2 percent in the seven major cities during the first half of this year, while supply increased by 10 percent over the preceding six months, according to property consultant CBRE.