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Company is not going bankrupt: HDIL
Source: ET Bureau Jan 24, 2013
Mumbai-based realty developer Housing Development Infrastructure (HDIL) on Thursday said that the company is not going bankrupt. The statement came soon after the company stock dropped over 30% in three trading sessions and hit its lowest since September 17, 2012. ... more
Tag: Announcements News, india real estate, real estate markets, indian real estate, realty trends, HDIL
Delhi Development Authority to triple floor area ratio, city to go vertical
Source: ET Bureau Jan 23, 2013
Delhi's planning body may allow houses that are built for the poor and middle-class to go vertical by tripling the floor area ratio (FAR) from 200 to 600, as the city copes with growing housing shortage, government officials said. ... more
Tag: Announcements News, india real estate, delhi properties, delhi NCR real estate
HDFC Bank likely to buy office space in Lower Parel for Rs 220 crore
Source: ET Bureau Jan 04, 2013
In one of the largest outright office space deals, HDFC Bank is close to buying nearly 1.3 lakh sq ft of commercial space spread over four floors in Peninsula Business Park at Lower Parel in central Mumbai, according to persons who are involved with the transaction. ... more
Tag: Announcements News, india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai, HDFC Bank
Piramal Realty-Famous Studio joint development pact may get called off
Source: ET Bureau Dec 12, 2012
The proposed joint development agreement between Piramal Realty and owners of Famous Studio at Mahalaxmi in south Mumbai may get called off, said persons familiar with the development. ... more
Tag: Announcements News, india real estate, real estate markets, indian real estate, realty trends, real estate in Mumbai, Famous Studio, Piramal Realty
Tata Housing sells 150 housing units for Rs 350 cr in Gurgaon
Source: PTI Dec 04, 2012
Tata Group's realty firm Tata Housing Development Company Ltd today said it has sold 150 luxury homes for Rs 350 crore at Gurgaon within just two days of launch. In a statement, the company said it has sold the entire second phase of its 36-acre premium luxury housing project 'Primanti' within two days of the launch. ... more
Tag: Announcements News, india real estate, delhi properties, delhi NCR real estate, gurgaon properties
CIBIL and CERSAI to join hands to help lenders with credit worthiness of realty
Source: ET Bureau Dec 01, 2012
Credit Information Bureau (India) Ltd or CIBIL is joining hands with a government established central registry for mortgaged properties to offer lenders a single window facility to check credit worthiness and legal status of a property. Both the organization will sign an agreement to this end on Monday next. ... more
Tag: Announcements News, property buying in india, real estate trends, property of india, real estate in india, CIBIL,CERSAI
A 10−storey building in 48 hours?
Source: IANS Nov 28, 2012
Chandigarh, Nov 28 (IANS) A 10−storey building, set to come up in just 48 hours! A businessman in Chandigarh claims it is possible, and he will prove it. ... more
Tag: Announcements News, indian properties, indian real estate, punjab properties, real estate of punjab, chandigarh properties
Realty regulator will breed corruption, dry liquidity: Credai
Source: PTI Nov 21, 2012
Real estate developers body Credai today criticised the proposed Real Estate Regulatory Bill, which is expected to be tabled in the Winter Session of Parliament beginning tomorrow, saying it is 'anti-people'. ... more
Tag: Announcements News, property buying in india, real estate trends, property of india, real estate in india, CREDAI
PE firm Blackstone inks India's biggest commercial real estate acquisition deal
Source: ET Bureau Oct 18, 2012
US private equity firm Blackstone has inked India's biggest commercial real estate acquisition deal, which will give it 50% stake in a Bangalore builder-owned portfolio of three business parks for $200 million (over Rs 1,000 crore). ... more
Tag: Announcements News, india real estate, bangalore properties, bangalore real estate
More than 170 SC families to get houses under HUDCO scheme
Source: ET Bureau Oct 15, 2012
The Corporation for Development of Adi Dravidar Welfare has drawn up a Rs 11.25 crore HUDCO assisted housing scheme to benefit more than 170 Scheduled Caste families in Karaikal. ... more
Tag: Announcements News, indian properties, indian real estate, HUDCO
Realty project in Dubai to have big replica of Taj Mahal
Source: PTI Oct 03, 2012
A replica of Taj Mahal, Taj Arabia, several times bigger than India's architectural marvel, will be a part the Falconcity of Wonders (FCW) - a multi-purpose project being developed here. ... more
Tag: Announcements News, property buying in Dubai, real estate trends, property of Dubai, real estate in Dubai, luxury homes,taj mahal
CREDAI Kerala organising State Conference for builder fraternity on September 8
Source: ET Bureau Sep 05, 2012
CREDAI Kerala is organizing the first ever State Conference, 'CREDAI STATECON 2012' for the builder fraternity of the State on September 8, 2012 at Kochi. CREDAI Kerala was formed in the year 2010. It has 4 chapters at Thiruvananthapuram, Kochi, Thrissur & Kozhikode and nearly 160 members. ... more
Tag: Announcements News, property buying in india, real estate trends, property of india, real estate in india, kochi real estate, CREDAI
Now, small buildings can go for green stars
Source: TNN Sep 03, 2012
The focus of energy efficiency has usually been large buildings, whether residential or commercial. Now, there is a project that will help smaller buildings reduce their carbon footprint. An offshoot of GRIHA - the green rating for integrated habitat assessment - SVAGRIHA has been conceptualized especially for buildings that are less than 2,500 sq m. ... more
Tag: Announcements News, property buying in india, real estate trends, property of india, real estate in india
Builders' body threatens to stop work
Source: www.indianrealtynews.com Aug 28, 2012
The Builders' Association of India (BAI), Maharashtra branch, has threatened to stop construction work in the state from September 1 if the state government does not withdraw its decision to levy 5% value added tax (VAT) on constructions completed between June 2006 and March 2010. ... more
Tag: Announcements News, indian properties, indian real estate, pune properties, real estate of pune
Noida Extension: Crisis over, investors happy
Source: TNN Aug 25, 2012
Thousands of middle-income families who have booked housing units in Noida Extension got a monsoon cheer as the NCR Planning Board cleared the Greater Noida Master Plan so that construction can resume on their dream homes. ... more
Tag: Announcements News, india real estate, delhi properties, delhi NCR real estate
New policy for constructing houses for BPL category: Bhupinder Singh Hooda
Source: PTI Jul 29, 2012
Haryana Chief Minister Bhupinder Singh Hooda today announced a new policy for construction of houses for Below Poverty Line families. The chief minister said under the new policy, 50 per cent plots of Economically Weaker Sections of the society of 50 square metre size belonging to private colonizers in licenced areas would be transferred to the Haryana Housing Board at a subsidised rate of Rs 500 per square yard for the scheme. ... more
Tag: Announcements News, india real estate, delhi properties, india properties, haryana real estate
IIM-B, Century real estate tie up for research
Source: www.indianrealtynews.com Jul 28, 2012
Realty player Century Real Estate and the Indian Institute of Management Bangalore, have inked a MoU for setting up the IIMB-Century Real Estate Research Initiative. The IIMB-Century Real Estate Research Initiative will focus on collecting data and conducting scientific, cross- disciplinary research on the Indian real estate sector ... more
Tag: Announcements News, india real estate, bangalore properties, bangalore real estate
3 luxury brands in race for Oberoi Realty's hotel in Mumbai
Source: ET Bureau Jul 27, 2012
Ultra-luxury hotel brands Bulgari, Waldorf Astoria and Raffles have joined the race for Oberoi Realty's new luxury hotel in Worli, Mumbai after talks with the original suitor Mandarin Oriental did not make much headway. ... more
Tag: Announcements News, india real estate, mumbai real estate, mumbai properties, Oberoi Realty
Farmhouse scam: Report blames Noida ex-chief
Source: www.indianrealtynews.com Jul 26, 2012
The inquiry report on irregular allotment of farmhouses in Noida under BSP has blamed former chairman and CEO of Noida Authority, Mohinder Singh, and 14 others for the scam which caused a loss of Rs 1,000 crore to the state exchequer. The present chairman of Noida Authority, Rakesh Bahadur, in his report ... more
Tag: Announcements News, india real estate, delhi properties, delhi NCR real estate
HC order to impose a ban on use of groundwater in construction will hit supply of housing
Source: TNN Jul 21, 2012
The Punjab and Haryana high court's decision to restrain Haryana Urban development Authority (Huda) from issuing fresh license to undertake any construction activities unless builders give an undertaking of not using groundwater for construction work came as a jolt to the developers as well as the customers ... more
Tag: Announcements News, indian real estate, india properties
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