Tag: Real Estate

Office Space Absorption In Bangalore Plunges As IT-Demand Falls

Being an important IT- Hub, Bangalore always depends on the IT and ITeS sectors for its growth and development. Facing weak demand from these sectors, Bangalore now witnesses lower office space absorption. There has never been a doubt for anyone about the close relation of Bangalore with the IT and ITeS sectors. This is comparatively […]

Noida Real Estate: Under The Hands Of Land-Intruders?

Noida real estate seems to be under the hands of land intruders. Recently the Noida Authority has unearthed a Real estate scam worth Rs.3800 Cr. Noida real estate has been flourishing as one of the hotter real estate destinations. This hot nature of Noida real estate would be what makes it a den of land-intruders. […]

Hyderabad Builder Sued By Wakf Board For Property Damage

Incurring damage to the property of Wakf Board, a Hyderabad based real estate developer faces sue from the Wakf Board. In a rare case, a Hyderabad – based real estate developer is sued by Wakf Board. The builder is alleged to damage the property of Wakf Board. Wakf Board decided to file a case against […]

Focusing Delhi Real Estate, DLF Sells Aman Hotel Shares

India’s largest real estate firm DLF plans to develop some Delhi real estate properties. The real estate major has sold its Aman Hotel stakes with this purpose. DLF has sold its Aman Hotel stakes with double purpose. Firstly with the amount the firm will be able to cut off its debt and secondly the firm […]

Land Acquisition Bill: Condemned Real Estate Unfriendly

Land Acquisition Bill was recently passed by the Union Cabinet. Though it ensures more rights to the farmers, Land Acquisition Bill will in fact cause the price hike, opine Real estate experts. With the approval of Land Acquisition Bill, the consent of the land owners has become mandatory for all real estate projects. This bill […]

Chinese Real Estate Firm Wanda Ties Up With Reliance

With the tie up with the Reliance India Chinese Real Estate Firm Dalian Wanda Group enters the real estate market of India. Anil Ambani’s Reliance Group has tied up with Dalian Wanda Group. Both the Indian and the Chinese firms will jointly work for two residential projects. One of their real estate projects will be […]

Our Real Estate Investors Are Refunded, Sahara States

Sahara firms stated that they have already repaid their Real estate investors. Sahara groups’ Chairman Subrata Roy stated that the group’s real estate wings have finished refunding. The advertisement was published in one of the leading newspapers. Sahara advertisement, appeared on December- 9, stated that both Sahara India Real Estate Ltd and Sahara Housing Investment […]

Real Estate India Sets to Thrive As Construction Restarts

Real estate India expects to overcome the present sluggishness by 2013. The year 2012 has really been a sluggish year for the real estate builders. Real estate India expects to be boosted by the new retail FDI policy. There will be an increased demand for retail spaces and it prompts real estate builders to come […]

Real Estate Reforms must be Consumer Friendly: CREDAI

CREDAI, the apex body of real estate builders demanded that all real estate reforms should be consumer friendly. Real estate builders’ confederation- CREDAI has recently appealed to all members of parliament (MPs) to create consumer friendly real estate reforms. Real estate builders’ apex body requested them to reflect on the vast numbers of stake projects.

Housing Segment Loses Value Appreciation: R E Reports

Housing Segment fell in 2012by bigger margins. The reports from all the top cities of India show the same, JLL India states. Real estate consultant Jones Lang LaSalle India (JLL) reported that housing segment loses value appreciation in India. The market in 2012 was highly sluggish especially the real estate market. The period witnessed slow rate […]

Oyster Grande Gurgaon: Adani Realty-M2K’s Joint-Launch

Oyster Grande Gurgaon is to be launched by Adani Realty, in association with M2K. Adani Conglomerate’s real estate wing- Adani Realty has declared its tie up with Delhi-based M2K Group. Oyster Grande Gurgaon is a premium housing project. Both the real estate firms will have equal shares in this premium project. Oyster Grande Gurgaon is […]

Real Estate Builders Decide to Lower Property Prices

Real estate developers’ apex confederation asked its members to offload their unsold properties by lowering prices. CREDAI cautioned the necessity of selling of unsold real estate properties. CREDAI’s national president Mr. Lalit Kumar Jain disclosed that the real estate builders would consider offloading their properties at lower rates. He was answering to the suggestions of […]

Gammon India to Divest Its Real Estate Assets

The existing financial crises lead Gammon India, the developer of landmark ‘The Gateway of India’ to monetize its real estate assets. Severe financial loss in the 3rd quarter of the current year compels Gammon India to monetize its real estate assets. The company was severely affected by the increased financing costs and lowered sales.

New Real Estate Bill makes CREDAI Upset

MHUPA- Housing and Urban poverty alleviation ministry- decided to launch New Real Estate Bill. This decision was welcomed by the home buyers but not CREDAI. The new Real estate Bill is believed to be implemented in the current winter session of the parliament. CREDAI Showed its displeasure over the new Real estate Bill which is […]

SEBI File Criminal Charges against Sahara Group

Capital Market Regulator – SEBI filed criminal charges against Sahara Firms. Sahara officials said that they submitted the documents but the regulator refused to accept them. SEBI alleged Sahara Group that they have not followed the regulatory orders. Mr. Subrata Roy – Sahara Group’s Head, is alleged of neglecting the regulatory orders. As per the […]

Allahabad HC Orders CBI to Probe against Noida Heads

CEO and Chairman of Noida have been removed by Allahabad High court. The High Court further ordered CBI to investigate in to the cases filed against the removed CEO and Chairman of Noida. Chief executive officer Sanjeev Saran and Chairman Rakesh Bahadur IAS were appointed as Noida heads by Samajwadi Party. However their removal has […]

UAE NRIs Show Special Favor To Real Estate Investment

Declining Indian rupees attracts more NRIs to invest in their mother land, India. Sources prove that a majority of NRIs invest on real estate properties. As per Sumansa Exhibitions’ survey nearly 89% of the UAE NRIs maintain real estate investments in India. Non-Resident Indians (NRIs) play a negotiable role in the growth of Indian Economy. […]

Real Estate Developers Shot Dead

Real Estate Developer Ponty Chadha the owner of Wave Infratech was short dead by the security guards of his brother Hardeep. His brother too received bullets and found dead at Chadha’s farmhouse. Existing dispute over some real estate property took the lives of two. The real estate developer Ponty Chadha and his brother Hardeep fell […]

Hyderabad Real Estate to Be Backed By Metro Rail

The proposed Hyderabad metro rail (HMR) is expected to be a high boost for the real estate in the city. With the arrival of new metro rail the city will have a praiseworthy transportation system. High quality transportation system will improve the infrastructure of the city. Recent trends prove that people have become more transit […]

Understand Capital Gains Tax on Sold Property

Real estate is a significant part of an investor’s pie. It is also a time tested asset, which almost always appreciates except in times of severe economic downtrends, when it’s temporarily affected. In fact, buying real estate for investment purposes and selling it later at a higher price has become very common among investors. Banks […]

Surat Real Estate experiences 100% growth in 2 yrs.

Realty glitters in the diamond city. Real estate sector has witnessed a 100 per cent growth in the past two years, aided by a number of factors like vertical development, business opportunities and influx of people from other places. Om Ahuja, CEO-residential services, Jones Lang LaSalle (JLL) India, said, “In cities like Surat, the growth is directly related to […]

India Dhanlaxmi Bank says will cut costs, not shutting branches.

Indian private lender Dhanlaxmi Bank said it does not plan to shut down branches or shrink operations, but has initiated steps, including salary cuts, to control costs as it grapples with pressured margins. “We have no plans to shut down any of our branches. We want to grow,” PG Jayakumar, the bank’s chief executive, told […]

Realtors upset with the Bhubaneswar Development Authority policies.

The real estate developers on Thursday reacted sharply to the Bhubaneswar Development Authority’s (BDA) move to change the definition of “apartment” and “group housing.” Talking to reporters here, Confederation of Real Estate Developers Association of India (CREDAI) state president D S Tripathy said the new definitions are vague and will result in the harassment of people while […]

Realty PE Deal Volume Rises in Q1 and Big Deals are missing.

Private equity deals are alive and kicking in Indian real estate space even though headline numbers do not reflect the same due to the absence of big ticket investments. The total number of PE deals during the first quarter of CY 2012 has hit a three-year high, according to VCCEdge, the financial research platform of […]

Lalitkumar Jain recommends that Bihar is better than Maharashtra for builders.

When it comes to ease of approval and a good bureaucratic set up for real estate, Bihar seems to be better opportunity than Maharashtra, according to Lalitkumar Jain, real estate tycoon and president of Confederation of Real Estate Developer’s Association of India (CREDAI). Jain was speaking to DNA against the backdrop of the first ever all […]