Tag: Real Estate

Infrastructure Status to Be Conferred On Housing Sector

With the aim to provide more affordable homes to the people the union government plans to confer infrastructure status to the housing sector. The coming budget is believed to confer infrastructure status on housing sector. The budget session will also have the plan to implement the regulatory bill as well. Conferring infrastructure status to the […]

Weak IT- Demand Lowers Office Space Absorption In Bangalore

Bangalore, most important IT- Hub in India, sees lower office space absorption due to the decreased demand from the IT and ITeS sectors. Office space absorption in Bangalore is directly related to the performance of IT and ITeS sectors. When these sectors’ demand is better the office space absorption in the city is also better. […]

Office Space Absorption Lowered: Bangalore Market Affected

Compared to the previous year, in 2012, office space absorption fell sharply in Bangalore. The decreased demand from the IT and ITeS sector is pointed as the main reason for this lowered office space absorption. Office space absorption in Bangalore is always dependent on the IT and ITeS sectors. Whenever there is a higher demand […]

Wakf Board,in Hyderabad, Sues Developer For Property Damage

Real Estate developer, in a rare case, is sued by Wakf Board for damaging Wakf Board’s property. Realizing that a real estate firm has encroached upon their property, Wakf Board has decided to file a case against the developer. Wakf properties in Lakdi-ka-pul has been encroached by a developer. The issue started with the builder acquiring […]

Real Estate Investors To Benefit As AMP Launch India Office

With the plan to expand worldwide and provide better services to the real estate investors, AMP Technologies opens offices in India. AMP Technologies, led by Sabeer Bhatia, is a software and Services Company by nature. The firm has announced launch of its India office. The firm plans to employ around 1,000 employees by 2015. The firm […]

Sahara’s Bid to Lease Air India- HQ Rejected: Reveal AI

Air India slapped Sahara India by casting away its bid. Air India rejected the bid of Sahara on the basis that the real estate firm placed its bid for longer period. Sahara India had placed its bid for Air India’s landmark headquarters at Nariman Point, Mumbai. Though debt- ridden Air India has plans to lease […]

Noida Authority Released Govt.’s 90 Acres from Intruders

The Noida Authority, in its furious action against land intruders, recaptured nearly 90 acres of government land. In a highly furious action against the land intruders, Noida Authority finally recaptured its land worth Rs.10,000 Cr. Nearly 90 acres of land was freed from the land intruders. The growing importance of Noida real estate market has […]

Real Estate Builders Announce Rs.8000 Cr Worth Projects

Real estate sector is set to bounce back after its sluggish momentum which the sector has been undergoing for a while. Real estate majors – Supertech and Ansal API have recently announced their fresh launches. These projects are to be completed with an amount of Rs.8,000 Cr. The real estate majors plan to complete the […]

Nokia Head Office Sold to Real Estate Investment Firm

Real estate investment firm- Exilion is said to purchase the headquarters building of Nokia. The deal is expected to be fixed for a price of Rs.1218 Cr. The financial crises of Nokia prompted the leading handset makers to sell their head building at Espoo, in Finland. Nokia faced severe setback from its opponents like Samsung […]

Retail FDI Will Help Mall Owners Fill Vacant Space

Retail FDI is expected to help the mall owners to find takers. With the government’s decision to have more Foreign Direct Investment, India has opened the gates to the foreigners. As a result foreigners are now free to run shops in India. This created hopes in the minds of mall owners.

Sahara Groups Fail Again to Refund; SC Condemns

The Apex Court of India harshly condemned Sahara Groups for their failure. Sahara Groups failed to refund its investors Rs.27000-Crore. Sahara Groups was further ordered to refund the amount within a week by SC. Sahara India Real Estate Corporation Ltd and Sahara Housing Investment Corporation Ltd (SIRECL and SHICL respectively) had been fined Rs.27000-Crore. These […]

Real Estate Builders Exploit Migrant Laborers in Noida

Real estate builders raise higher demand for laborers. The shortage of real estate laborers forced Real estate builders to appoint migrant laborers for accomplishing their projects. Real estate developers point to the shortage of real estate laborers as the main reason for their delayed projects. Real estate sector is the second best employment -provider in […]

Online Media to Cover Reputation of Real Estate Firms

Real estate builders now use social media to preserve their reputation. Their reputation is tainted by hostile home buyers who express their negative comments. Real estate builders expect to shield their reputation by appointing online reputation managers. Many real estate companies have hurriedly appointed online reputation managers.

PMO Brands Robert Vadra DLF- Real Estate Scam Clean

On another controversial move, Prime Minister’s Office gave clean certificate to Robert Vadra against the Real Estate Scam between Him and DLF. PMO in its affidavit submitted to the Allahabad High Court stated that the real estate dealings between the real estate developer firm DLF and Robert Vadra are entirely a personal matter.

Air India Stumbles at Cold Real Estate Market

Sluggish Real Estate Market prevented the AI’s Plan to monetize the vacant floors in its building at Nariman Point. The bid was postponed as there was no taker for the building. Civil Aviation Minister Mr. Ajit Singh blamed the sluggishness existing in real estate sector as a factor which blocked AI’s Plan. Tough market conditions […]

Indiabulls Real Estate Ltd. is to Set Office in the UAE

Indian real estate firm Indiabulls Real Estate Ltd. targets UAE NRIs. The firm expects to have more Non- Resident Indians (NRIs) as their clients. Indian real estate firm Indiabulls Real Estate Ltd. targeting UAE NRIs, have launched an overseas office in the UAE. The real estate firm is about to launch its first overseas office […]

Global Stars to Endorse Indian Real Estate

Real estate developer group Homestead’s recent endorsements with Maria Sharapova and Michael Schumacher are noted as a new beginning of real estate in India. Real estate builders have now become capable of bagging global stars to endorse their projects. However they are mainly concentrating on residential projects. Tennis star Maria Sharapova and F1 legend Michael […]

Property Dispute Takes the Life of Real Estate Developer

Real Estate Developer Pony Chadha lost his life while trying to sort out his dispute over property. His brother Hardeep also was killed by the security persons of Mr. Chadha. Police Sources exposed the existed- property- dispute as the main reason which led to the murders of real estate developers. Nearly 15 people have been […]

MHUPA Regulatory Body: New Protection for Homebuyers

Ministry for Housing and Urban Poverty Alleviation (MHUPA) head union minister Mr. Ajay Maken revealed that the government is all set to introduce a new regulatory body to protect the troubled home buyers. The MHUPA minister pointed to the fact that the LIG (Lower Income Group) homes are decreasing now. By making it mandatory for all […]

CREDAI Praises AP Govt.’s Online Approval of Building

Andhra Government has recently launched online approval system for real estate buildings. The Apex body of the developers- CREDAI penned it down as highly appreciable real- estate-reformation. Single window system for approving real estate projects will speed up the delivery.  Confederation of Real Estate Developers’ Association of India had earlier blamed the red-tapism and corrupted […]

Understand Capital Gains Tax for the 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: Realty Sector 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 […]

Dhanlaxmi Bank to 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 policies of BDA.

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 in Q1 rises missing Big Deals.

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 […]