Real Estate News

NCDRC asks Unitech to refund over Rs 49 lakh with 10% interest p.a to a home buyer

NCDRC asks Unitech to refund over Rs 49 lakh with 10% interest p.a to a home buyer

The home buyer had booked a flat in 'Unitech Horizon', at Greater Noida in 2006 with an assurance by the firm that possession would be given by November 2008.

Sep 20, 2017, 14:59 PM IST
SC orders Unitech to pay litigation cost to home buyers

SC orders Unitech to pay litigation cost to home buyers

The court directed Unitech to pay the amount of the litigation costs within four weeks to buyers.

Sep 20, 2017, 12:48 PM IST
Allowing InvITs, REITs to issue debt securities positive: ICRA

Allowing InvITs, REITs to issue debt securities positive: ICRA

This amendment would also lead to tax efficiencies as the InvITs/REITs can now issue bonds at a lower cost and lend to SPVs with some margins.

Sep 19, 2017, 18:58 PM IST
SC allows homebuyers to intervene in Jaypee insolvency matter

SC allows homebuyers to intervene in Jaypee insolvency matter

The home buyers in their plea had sought a direction to the government and others that this code "shall not curtail the legal statutory and vested rights of the flat owners/ buyers as consumers"

Sep 18, 2017, 21:16 PM IST
Sebi allows REITs, InvITs to raise funds via bonds

Sebi allows REITs, InvITs to raise funds via bonds

Sebi's board has approved amendment to REITs and InvITs regulations in order to facilitate growth of such trusts, the regulator said in a statement after its board meeting.

Sep 18, 2017, 18:14 PM IST
Brick Eagle Capital raises Rs 100 crore for affordable housing

Brick Eagle Capital raises Rs 100 crore for affordable housing

Brick Eagle aims to raise Rs 500 crore for facilitating development of 50,000 homes for low-income families as well as generating good returns for its investors.

Sep 18, 2017, 16:17 PM IST

LIC Housing Finance eyes to disburse Rs 50,000 crore in FY17-18

In 2016-17, the income grew by 16 percent with a Profit After Tax at Rs 1,931 crore.

Sep 15, 2017, 16:00 PM IST
Connaught Place ranked 10th most expensive office market worldwide

Connaught Place ranked 10th most expensive office market worldwide

Connaught Place has an average prime rent of around USD 110.85 per square feet.

Sep 15, 2017, 10:40 AM IST

Godrej Properties, Nirmal Ventures ink JV for new Thane project

The new project to be come up in Thane West will be spread over 14 acres and with saleable area of 1,95,000 square metres.

Sep 14, 2017, 13:18 PM IST
Pay Rs 50 lakh to 10 buyers for delayed flats, SC tells JP Associates

Pay Rs 50 lakh to 10 buyers for delayed flats, SC tells JP Associates

A bench of Chief Justice Dipak Misra, Justice Amitava Roy, and Justice A.M. Khanwilkar said Rs 50 lakh would be given to Developers Township Property Owners Welfare Society, which in turn would

Sep 13, 2017, 20:16 PM IST
DDA new scheme: 41,000 applications received as deadline ends

DDA new scheme: 41,000 applications received as deadline ends

The extended deadline for submission of forms came to a close yesterday, and the senior official said about 90,000 forms were sold.

Sep 12, 2017, 19:29 PM IST
Indiabulls Real Estate buys 13,519 sq meter land in Gurugram

Indiabulls Real Estate buys 13,519 sq meter land in Gurugram

Indiabulls Real Estate has acquired a 13,519 square meter land in Gurugram for an undisclosed amount to a develop commercial complex on the plot.

Sep 11, 2017, 23:19 PM IST
SC asks IRP to take over Jaypee management; directs company to deposit Rs 2000 crore

SC asks IRP to take over Jaypee management; directs company to deposit Rs 2000 crore

It also restrained the Managing Director and Directors of Jaypee Infratech, a sister company of Jaypee associates, from travelling abroad without its prior permission.

Sep 11, 2017, 14:11 PM IST
Ram Vilas Paswan says panel to look into Jaypee homebuyers' issue

Ram Vilas Paswan says panel to look into Jaypee homebuyers' issue

Homebuyers have filed 400 complaints against the company through the National Consumer Helpline of the ministry. These complaints have been forwarded to concerned departments/ ministries for

Sep 09, 2017, 16:28 PM IST
India among top 10 price appreciating housing markets: Report

India among top 10 price appreciating housing markets: Report

According to Knight Frank's Frank Global House Price Index, India stood ninth among 55 international markets - 13 spots above its position on the index over April-June 2016.

Sep 07, 2017, 19:57 PM IST
62% of new launches in H1 2017 in affordable housing segment: Report

62% of new launches in H1 2017 in affordable housing segment: Report

As many as 62 percent of the new launches during January-June 2017 period were in the affordable housing segment, a recent survey revealed.

Sep 07, 2017, 16:33 PM IST
HFCs to need Rs 9,000-16,000 crore capital over next 3 years: Icra

HFCs to need Rs 9,000-16,000 crore capital over next 3 years: Icra

Housing finance companies (HFCs) are likely to need around Rs 9,000-16,000 crore of external capital over the next three year to grow at 20-22 per cent, said a report on Monday.

Sep 04, 2017, 16:27 PM IST
SC asks Bombay HC to expeditiously decide pleas challenging RERA validity

SC asks Bombay HC to expeditiously decide pleas challenging RERA validity

The apex court also asked other High Courts, where pleas against validity of RERA are pending, to await the decision of Bombay High Court.

Sep 04, 2017, 13:42 PM IST
SC stays insolvency proceedings against Jaypee Infratech

SC stays insolvency proceedings against Jaypee Infratech

Earlier, the Supreme Court had on August 23 agreed to hear a plea of several aggrieved flat-buyers who had booked their dream home in several projects of Jaypee Infratech, against whom insolvency

Sep 04, 2017, 12:55 PM IST
Aim to be among top 3 in every market: Godrej Properties

Aim to be among top 3 in every market: Godrej Properties

Godrej Properties aims to be among the top three players in each city it operates in, building on its status as the largest listed developer by sales booking in the last two years, says Chairman

Sep 03, 2017, 12:18 PM IST