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Omaxe Q1 net profit rises 40% to Rs 16.83 crore

Last Updated: Thursday, August 6, 2015, 18:15

The company had posted a net profit of Rs 12.03 crore in the year-ago period, Omaxe said in BSE filing.

Delhi-NCR property prices up 1% in Apr-Jun: Report

Last Updated: Wednesday, August 5, 2015, 18:42

Property prices in Delhi-NCR rose 1 percent in the April-June quarter as against the previous three-month period of the last fiscal despite subdued demand and huge unsold inventories, according to a report by realty portal 99acres.Com.

ICICI Prudential exits Logixs Noida housing project for Rs 62-crore

Last Updated: Wednesday, August 5, 2015, 15:27

Realty player Logix Group has bought back its equity stake in a housing project at Noida from ICICI group's real estate fund for about Rs 62 crore, paving way for the latter's exit from the project.

DLF seeks shareholders nod to raise up to Rs 7,500 crore

Last Updated: Tuesday, August 4, 2015, 19:43

Realty major DLF is seeking shareholders' approval to create charge, lien or pledge on its over 50 percent shares in three subsidiaries, which holds rental commercial assets, for raising up to Rs 7,500 crore.

RBI policy desolates realtors; want rate cut to boost sector

Last Updated: Tuesday, August 4, 2015, 18:52

Real estate industry Tuesday expressed disappointment over RBI's decision to keep the key interest rates unchanged, saying rate cuts were required to boost manufacturing and property sectors.

Realty sector needs bold policy decisions: DLF Chairman

Last Updated: Tuesday, August 4, 2015, 18:40

Prime Minister Narendra Modi has aroused "great expectations" for housing sector, but they are yet to be realised and the industry continues to face a plethora of challenges, realty giant DLF's Chairman K P Singh has said.

UAE firm gets Supertechs Rs 500-cr Gurgaon contract

Last Updated: Monday, August 3, 2015, 13:07

Real estate developer Supertech on Monday said it has signed a Rs 500-crore contract with Abu Dhabi-based Arabian Construction Company (ACC) for construction of a project in Gurgaon.

VMC to acquire 500 acre to develop Vododara as smart city

Last Updated: Friday, July 31, 2015, 16:18

As part of the 'Smart City' programme, Vadodara Municipal Corporation (VMC) will acquire 500 acres of land to develop the city.

Parl panel recommends pro-buyer measures in Real Estate Bill

Last Updated: Thursday, July 30, 2015, 22:40

A Parliamentary Committee on Thursday recommended a slew of measures favouring property buyers, which include a three-year jail term or a fine for a defaulting builder under a new law which will now cover projects of 500 sqm or eight flats.

Delhi-NCR housing sales drop 50% in H1; new launches falls 68%

Last Updated: Wednesday, July 29, 2015, 19:21

New home launches fell by 68 percent to 11,360 units in January-June 2015, from 35,500 units in the first half of last year.

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