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Govt to announce next set of smart cities today Govt to announce next set of smart cities today

As per the Misison guidelines, as many as 40 cities have to be announced during this financial year.

Next set of smart cities to be announced next week: Naidu Next set of smart cities to be announced next week: Naidu

The Centre will announce the next set of 27 cities for financing under the Modi-government flagship Smart City Mission next week, Union Urban Development Minister M Venkaiah Naidu said Thursday.

 

Ghaziabad Exotica project: SC directs Parsvnath developers to deposit Rs 12 crores within 4 weeks Ghaziabad Exotica project: SC directs Parsvnath developers to deposit Rs 12 crores within 4 weeks

The case pertains project Exotica in Ghaziabad where the firm, was asked by the apex cousumer commission in May this year to refund money to 70 buyers who had booked flats in Parsvnath Exotica project.

Indiabulls Housing to restructure debt to lower borrowing rate Indiabulls Housing to restructure debt to lower borrowing rate

 Indiabulls Housing Finance is planning to restructure its long-term loan portfolio to bring down the average cost of borrowing for the company by 30-40 basis points.

This mechanic-turned Indian businessman owns 22 apartments in Burj Khalifa! This mechanic-turned Indian businessman owns 22 apartments in Burj Khalifa!

The Kerala-born is believed to be one of the largest private owners within the Burj Khalifa, the world's tallest structure.

Unitech to open escrow account, use money to complete projects: Delhi High Court Unitech to open escrow account, use money to complete projects: Delhi High Court

 The Delhi High Court has granted an opportunity to beleaguered real estate major Unitech Ltd to complete its delayed housing projects and hand over possession of flats to buyers by opening escrow accounts and using the money deposited in it solely for these projects.

Parsvnath Q1 net profit flat at Rs 4.58 crore Parsvnath Q1 net profit flat at Rs 4.58 crore

Realty firm Parsvnath Developers Ltd on Saturday reported a marginal decline in net profit at Rs 4.58 crore for the quarter ended June on lower sales.

Unitech to raise funds to speed up housing projects Unitech to raise funds to speed up housing projects

Facing consumer complaints over delay in project completion, realty firm Unitech today said it will raise about Rs 300 crore from financial institutions and sale of land parcels to complete over 40 housing projects comprising 13,000 flats within the next two years.

Sink or die, we are not concerned but return money to 17 investors: SC to Supertech Sink or die, we are not concerned but return money to 17 investors: SC to Supertech

The apex court directed Supertech to pay 10 percent per month of the invested amount from January 5, 2015 to 17 home buyers, who are before the court, within four weeks.

Decks cleared for auction of iconic Taj Mansingh Hotel Decks cleared for auction of iconic Taj Mansingh Hotel

Delhi High Court has dismissed a suit by the Indian Hotels Company Ltd (IHCL), which runs the iconic Taj Mansingh Hotel here, seeking to restrain New Delhi Municipal Council (NDMC) from auctioning the property.

SC asks SICCL to deposit 3.5 crore for delay in delivery of flats SC asks SICCL to deposit 3.5 crore for delay in delivery of flats

The Supreme Court on Monday directed Sahara India Commercial Corporation Limited (SICCL) to deposit Rs 3.5 crore to pay back investors who had bought flats in its Gurgaon project but did not receive possession on time.

PropTiger acquires PropRates PropTiger acquires PropRates

Online real estate advisor PropTiger today said it has acqui-hired Mumbai-based startup PropRates, a move that will help the News Corp-backed realty portal to add advanced data collation tool to its offering.

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.