Real Estate News

NCLT's insolvency proceedings forces Jaypee to 'adjust' deals

NCLT's insolvency proceedings forces Jaypee to 'adjust' deals

Jaypee Infratech is offering its flat owners fresh deals to shift their bookings to its new property in Greater Noida.

Aug 21, 2017, 11:36 AM IST
Parsvnath leases 74,000sq ft office area to WHO, Facebook India

Parsvnath leases 74,000sq ft office area to WHO, Facebook India

While the World Health Organisation (WHO) has taken on lease about 50,700 sq ft of office space for its headquarter, Facebook India has taken 23,000 sq ft area, Jain said.

Aug 20, 2017, 14:27 PM IST
Will sell my own house, pay everybody: Unitech MD Sanjay Chandra tells SC

Will sell my own house, pay everybody: Unitech MD Sanjay Chandra tells SC

The Supreme Court on Wednesday directed Delhi Police to furnish details of the number of flat buyers of Unitech`s project in Gurugram who had approached it for registering cases and the total amount

Aug 17, 2017, 19:27 PM IST
CREDAI seeks PM's intervention for proper rollout of RERA

CREDAI seeks PM's intervention for proper rollout of RERA

Real estate industry body CREDAI on Thursday sought the prime minister's intervention to ensure proper and expeditious implementation of the new real estate regulatory law to protect the interest of

Aug 17, 2017, 19:04 PM IST
'Buying homes in London cheaper on stronger rupee vs pound'

'Buying homes in London cheaper on stronger rupee vs pound'

Indians bought homes in London at a 14 percent cheaper price during the March quarter than the year-ago period with the rupee gaining strength against the British pound, according to Knight Frank

Aug 17, 2017, 17:54 PM IST
Worried owners of undelivered flats get relief as Insolvency Board revises norms for claims

Worried owners of undelivered flats get relief as Insolvency Board revises norms for claims

The revised regulations come at a time when a large number of flat buyers have been left in the lurch, especially in the National Capital Region (NCR), due to long delay in deliveries amid the

Aug 17, 2017, 17:46 PM IST
Home buyers who have deposited money with developers must get possession: Arun Jaitley

Home buyers who have deposited money with developers must get possession: Arun Jaitley

Expressing government's sympathy with the flat buyers, Finance Minister Arun Jaitley said that people who have deposited money with the developers should get possession of their flats. 

Aug 16, 2017, 17:22 PM IST
Rs 408 crore Mahagun Mall in Greater Noida gets green nod

Rs 408 crore Mahagun Mall in Greater Noida gets green nod

Mahagun Real Estate has received environment clearance for constructing a commercial complex in Greater Noida, Uttar Pradesh, at a cost of Rs 408 crore.

Aug 15, 2017, 11:09 AM IST
FDI in construction sector falls 59% to $1.9 billion

FDI in construction sector falls 59% to $1.9 billion

The real estate sector is facing demand slowdown in the last few years leading to fall in housing sales and new launches during 2016, delay in project execution and rise in debt of developers, the

Aug 11, 2017, 17:41 PM IST
No loan pending on us, corporate office not getting auctioned: Amrapali Group

No loan pending on us, corporate office not getting auctioned: Amrapali Group

He also claimed that there is no question of 19000 cores loan pending on Amrapali Group from any institution or debtor.

Aug 07, 2017, 13:24 PM IST
Godrej Properties' sales bookings jump over 3-fold; debt dips

Godrej Properties' sales bookings jump over 3-fold; debt dips

Realty firm Godrej Properties' sales bookings jumped more than three-fold to Rs 1,474 crore while net debt reduced by Rs 400 crore in the first quarter of this fiscal.

Aug 06, 2017, 13:37 PM IST
RBI urges states to facilitate affordable housing projects

RBI urges states to facilitate affordable housing projects

The RBI on Wednesday cut its repo, or short-term lending rate for commercial banks, to 6 percent from 6.25 percent.   

Aug 02, 2017, 23:05 PM IST
'RBI rate cut to boost housing sales this festive season'

'RBI rate cut to boost housing sales this festive season'

The real estate sector is facing a multi-year slowdown, particularly residential segment. The sales have been hit further post demonetisation and NAREDCO President Parveen Jain said the cut was much

Aug 02, 2017, 18:06 PM IST
Oberoi New Delhi likely to reopen in January 2018

Oberoi New Delhi likely to reopen in January 2018

The property is shut since April 1, 2016 for major renovation and was proposed to be ready for commercial operations by April 1, 2018.

Aug 02, 2017, 17:34 PM IST
Housing sales down 4% in April-June, prices stable

Housing sales down 4% in April-June, prices stable

Housing sales fell marginally by 4 percent during April-June period at 53,352 units in the nine major cities of the country due to demand slowdown in the property market, according to a report by

Jul 27, 2017, 14:10 PM IST
No plans to take over delayed residential projects: Govt

No plans to take over delayed residential projects: Govt

The government has no plans to take over delayed residential projects of private builders and complete them for home buyers, the Lok Sabha was informed on Wednesday.

Jul 26, 2017, 13:33 PM IST
Around Rs 7 lakh crore to be spent for highways sector in next 5 years

Around Rs 7 lakh crore to be spent for highways sector in next 5 years

Feasibility study of 87 ROB projects has been completed so far.

Jul 25, 2017, 16:23 PM IST
IRB Infra Q1 profit surges 31% to 238 crore

IRB Infra Q1 profit surges 31% to 238 crore

 IRB Infrastructure Developers on Monday reported 30.8 percent rise in consolidated net profit to Rs 237.8 crore for the first quarter ended June 30.

Jul 24, 2017, 16:34 PM IST
Home buyer can't be expected to wait indefinitely, says NCDRC

Home buyer can't be expected to wait indefinitely, says NCDRC

The apex consumer commission has asked a real estate firm to refund over Rs 49 lakh to a home buyer for delay in handing over possession of a property saying a buyer cannot be expected to wait

Jul 24, 2017, 15:09 PM IST

Next Orbit-Interups partner to launch the 1st hospitality REIT

The regulatory filing for the Bharatham Hospitality REIT is contemplated in the next 90 days and its IPO is expected to be launched in January next year, Next Orbit Ventures said in a statement.

Jul 20, 2017, 19:20 PM IST

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