Real Estate News

Trump Towers To Be Launched In Gurugram, Average Home Prices At Rs 10 Crore

Business | Press Trust of India | Friday October 6, 2017

A Gurgaon-based developer will launch the Trump-branded twin-tower by November-end

Post GST, New Properties To Cost Less While Ready To Move In Flats To Cost More

Business | Press Trust of India | Sunday July 2, 2017

Under GST, the effective tax on under-construction projects has gone up by 6.5 per cent to 12 per cent.

Affordable Housing: Behind India's Plan Of Housing For All By 2022

Business | NDTV Profit Team | Tuesday May 23, 2017

The government has backed its "Housing for All" by 2022 promise with a slew of reforms for buyers and developers alike.

How Real Estate Act Or RERA Can Help Home Buyers

Business | Tuesday May 2, 2017

Housing and Urban Poverty Alleviation Minister M Venkaiah Naidu said that the law will make "buyer the king" and the developers will also benefit from the "increased buyers' confidence in the regulated environment".

Will Not Entertain 'A Defaulter' Says Supreme Court In Real Estate Case

Business | Press Trust of India | Monday May 1, 2017

Advocate Kapil Sibal, appearing for the real estate major Unitech, said the firm did not have money to pay the flat buyers.

Uttar Pradesh Junks Previous Regime's Decision On RERA Regulator, To Restart Process

Business | Indo-Asian News Service | Monday May 1, 2017

The process will now be started afresh, Additional Chief Secretary (Housing and Urban Planning) Sada Kant said.

Real Estate Sector To Witness $7 Billion Investment In 2017: CBRE

Business | Press Trust of India | Thursday April 27, 2017

"The year 2017 to witness about $7 billion of investments; expected to hit the magic $10 billion by 2020," CBRE said in a report-- Asia Pacific Real Estate Market Outlook 2017 - India.

EPF Holders Can Withdraw 90% Of Savings To Buy House

Business | Press Trust of India | Monday April 24, 2017

Subscribers of the Employees Provident Fund Organisation will now be able to withdraw up to 90 per cent of their PF account for purchase of homes.

Supreme Court Issues Ultimatum To Unitech Over Delayed Possesions

Business | Press Trust of India | Monday April 24, 2017

The developer had promised to give 39 home buyers possession of their houses in Gurugram by 2012

Office Rents Jump In This Indian City, Says Realty Consultant

Business | NDTV | Friday April 21, 2017

37 per cent of the overall space leased across India during the quarter was by the IT and ITeS companies, followed by banking companies.

Retail Space Shrinks In 2016 Due To Mall Closures Says Report

Business | Press Trust of India | Monday March 27, 2017

For the first time in India's mall history, a net negative supply of retail space was observed in 2016 a recent survey said.

Realty Hit Hard By Demonetisation, Awaits 'White Money' Buyers

Business | Press Trust of India | Sunday January 15, 2017

The genuine buyers in the residential market, on the other hand, appear to be holding back their purchase plans on hopes that the interest rates would fall further and the property prices would plunge post demonetisation, which some see as a 'cleansing' of a sector infested with illicit funds.

PM Modi Eyes Real Estate Assets In Drive Against Graft

Business | Thomson Reuters | Monday December 26, 2016

Any move to clean up India's messy real estate market could prove to be a mammoth and messy task and would come even as the Modi government is facing mounting criticism of its handling of the cash crunch that followed the scrapping of higher denomination currency notes.

Resale Property Market, Small Builders To Be Hit By Note Ban

Business | Press Trust of India | Wednesday November 9, 2016

Unorganised builders and secondary (resale) property market would be adversely impacted following the government's decision to demonetise Rs 1,000 and Rs 500 notes with effect from midnight, according to real estate developers and consultants.

News Corp to Buy Real Estate Website Operator Move for $950 Million

Reuters | Tuesday September 30, 2014

News Corp said it would pay $21 per share for Move, a premium of 37 percent to the company's closing price on Monday.