India Real Estate News

Magicbricks, PNB Housing partner for e-auction of re-possessed assets
New Delhi , Nov 20 : In an industry-first move, online property manager Magicbricks announced its strategic partnership with PNB Housing Finance Limited to e-auction its re-possessed properties on its online auction platform. Read Full Story

Mumbai's real estate industry replicates PM Modi's 'Housing for All' vision
Mumbai (Maharashtra) , Nov 7 : Mumbai witnessed the highest number of launches at over 19,400 new residential units till September 2017. Read Full Story

Indians ready to capitalise on Dubai's lucrative real-estate industry
Mumbai (Maharashtra), Oct. 18 : When it comes to buying property in Dubai, Indian investors are quite willing to shell out big sums, as per a recent survey. The study conducted by Dubai Property Show, reveals the purchase pattern of Indians looking to invest in Dubai real-estate, along with the preferred property type. Read Full Story

Demand for Housing in Ghaziabad Observes 20 percent Growth
Ghaziabad : Since the inception of GST and RERA in the Indian real estate system, sentiments were projected to increase manifolds riding high behind the guarantee of a refined taxation process and an organised way of working. Read Full Story

M3M recorded sales of over Rs 200Crores with Magicbricks during 'My Bid My Home'
Noida (Uttar Pradesh) , Oct. 12 : Matching the massive scale of business driven by India's ecommerce giants, Magicbricks, India's No.1 property site, generated sales in excess of Rs. 200 crore for leading developer M3M during the first-of-its-kind online property bidding campaign 'My Bid My Home'on Oct 7. Read Full Story

Tot on the Pot Redefines Potty Training in Launch of Innovative New Children's Product
MOUNT AIRY, Md: Tot on the Pot is launching its all-inclusive, play-based potty training system on October 10, 2017 via a crowdfunding campaign on Kickstarter. Initially available to early backers for as little as USD 35.00 (MSRP USD 49.99), Tot on the Pot is a patent-pending potty training system that simplifies the process for parents and makes it super fun for kids. Read Full Story

Real Estate sector will overcome problems, says Shri Hardeep Singh Puri
New Delhi : The Government is committed to ensure a decent living habitat to all in urban areas and in particular, for the poor and has taken various initiatives in this regard, asserted the Minister of Housing and Urban Affairs Shri Hardeep Singh Puri today. Read Full Story

Magicbricks launches India's first online property bidding platform
New Delhi , Oct 5 : Magicbricks, India's No.1 property site, today announced the launch of India's first online bidding platform for residential and commercial properties and tied-up with leading developer M3M for the inaugural 'My Bid, My Home' under which consumers can bid for ready-to-move-in residential properties ranging from 1355sqft-7875sqft in Gurugram on Oct 7. Read Full Story

Introducing Salarpuria Sattva Park Cubix
Bengaluru : Salarpuria Sattva Group today announces the launch of its latest residential property, Park Cubix located at Devanahalli, North Bangalore. Read Full Story

Omkar Realtors Unveils New Malad-based Tower Trilliant at Lowest Ever 4.99 percent EMI Interest
Mumbai : Mumbai-based Omkar Realtors and Developers (, a market leader in redevelopment and luxury residential projects, announced the launch of 'Trilliant', a luxury residential tower being developed at Malad East, Western Express Highway, Mumbai. Read Full Story

Magicbricks PropIndex reveals positive signs for real estate, especially in Southern markets
New Delhi , August 30 : The latest real-estate research report by Magicbricks, titled PropIndex for April-June 2017 quarter reveals a positive outlook for the realty market in India in the coming months. According to the report, real estate sector in India may see a strong turnaround in 2017 as 55percent of the 750 localities across 14 major cities witnessed an average price increment of 2.8percent in April-June 2017 quarter. At the city level, Hyderabad, Chennai and Bangalore had a perceptible increment in weighted average price. Read Full Story

Swift action by NDA Govt: A breather for Home-buyers
By Gaurav Gaur, New Delhi , Aug.17 : Within a week of the admission of the Insolvency petition by the NCLT (National Company Law Tribunal), against Jaypee Infratech limited, the Government of India, Along with IBBI (Insolvency and Bankruptcy Board of India) have proved their resolve in making IBC 2016 (The Insolvency and Bankruptcy Code) an effective, efficacious and equitable remedy, taking care of interests of all the creditors involved. Read Full Story

PropUrban ventures into 'Property and Rental Management' services
New Delhi , July 19 : In its endeavor to become a one-stop solution for anything that is 'Real Estate,' PropUrban, the online-to-offline investment advisory firm, has widened its horizon by recently venturing into Property and Rental Management Services (PRMS). Read Full Story

Real estate developer Chintels announces project completion, handover of company's first group housing project 'Chintels Paradiso'
New Delhi , July 6 : Chintels India Ltd. (CIL) a real estate development company in the process of developing over 600 acres of self-owned prime land in and around Dwarka Expressway bordering and including Delhi, announced the completion and commencement of handover of its first development 'Chintels Paradiso', a group housing project in Sec 109, New Gurgaon. Read Full Story

Here are some apps for transparent and organised Real Estate market
New Delhi , June 12 : Digitisation and infusion of technology has become the moto of the real estate players in the present market scenario as many developers are working out on methods to make things user friendly for the customers. Read Full Story begins operations in Ahmedabad; to offer 1000+ properties
New Delhi , May 10: Online aggregator for property and home buying on Wednesday announced its expansion into the Ahmedabad market, where the company will offer over 1000+ properties on its portal to the home buyers. Read Full Story

PM Modi urges action against Benami property holders
New Delhi , May 2 : Addressing a review meeting with revenue officials of the Ministry of Finance here on Tuesday, Prime Minister Narendra Modi urged the officials to speed up the action to be taken against Benami property holders, according to Government sources. Read Full Story

Real Estate Act to increase accountability, transparency: DLF CEO
New Delhi , May 1 : In accordance with the Real Estate (Regulation and Development) Act, 2016 being implemented starting Monday, real estate leader DLF's CEO Rajeev Talwar, while lauding the government on its 'memorable' approval, has asserted that the regulation will bring in the much-needed accountability and transparency among property developers and buyers. Read Full Story

Real Estate Act comes into effect from today
New Delhi , May 1 : Ending the nine year long wait, regulation of real estate sector involving over 76,000 companies across the county becomes a reality from May 1 with the Real Estate (Regulation and Development) Act, 2016 coming into force. Read Full Story

Real Estate Act into effect tomorrow: A new era begins, says Centre
New Delhi , Apr. 30 : Ending the nine year long wait, regulation of real estate sector involving over 76,000 companies across the county becomes a reality from May 1st with the Real Estate (Regulation and Development) Act, 2016 coming into force. Read Full Story

Real estate sector revived after demonetisation: PropTiger Report
New Delhi , Apr 27 : According to the real estate advisory firm's findings, the real estate sector Read Full Story

Owning a freehold luxury home in Shimla just got easier
Washington D.C. [USA], Apr 26 : Buying a holiday or second home in the lap of nature remains an attractive real estate investment proposition and now, there's a way to own a freehold luxury home in Shimla. Read Full Story

Real Estate developer Chintels announces handover of phase-1 of company's first group housing project Chintels Paradiso
New Delhi , Apr 12 : Chintels India Ltd. (CIL) a real estate development company, in the process of developing over 600 acres of self-owned prime land in and around Dwarka Expressway bordering and including Delhi, announced the commencement of handover of Phase-1 of its first development 'Chintels Paradiso' a group housing project in Sec 109. Read Full Story

Home seekers keen to invest in mid-range budget homes: Magicbricks
New Delhi , Apr. 5 : In a survey conducted by real estate portal Magicbricks, over 78 percent of the respondents considered buying mid-priced homes, wherein maximum respondents preferred buying homes within Rs. 40 lakh. Read Full Story launches 'Housing Partner' for real estate developers
New Delhi , Mar 28 : has launched a unified platform for real estate developers and partners to manage their business, 'Housing Partner'. Read Full Story

Square Yards launches international property portal for cross border real estate investments
New Delhi , Mar 23 : Real estate startup Square Yards on Thursday announced the launch of an International property portal ( for enabling global cross border real estate investments. Read Full Story

Setback to Unitech: SC vacates stay orders in HCs, Consumer Courts
New Delhi [India], Nov. 18 : In a major setback to Unitech, the Supreme Court today vacated the stay in various high courts and consumer courts across the country against the real estate company. Read Full Story

Centre says promoter or buyer can terminate agreement in case of default by each other
New Delhi [India], Nov.2 : The Centre has said that both the promoters and buyers of housing have the right to terminate an agreement entered into by them in case either side defaults. Read Full Story

Brexit will have impact, but boom expected in real estate too: Laxman Jaiswal
An industry veteran, Laxman Jaiswal began his real estate journey two decades ago. In 2009 he founded ASCON INFRASTRUCTURE ( INDIA) PVT LTD and serves as its director now. In a chat with him, IBNS correspondent Sudipto Maity finds out the state of RE sector in Bengal and the scope it provides to the younger generation. Read Full Story

Mahindra Lifespaces, TERI tie-up for Centre for Excellence for sustainable habitats
New Delhi, May 20 : The Energy and Resources Institute (TERI) and Mahindra Lifespaces on Friday announced the creation of a Center of Excellence (CoE) focused on improving energy efficiency in India's residential buildings sector. Read Full Story

Mahindra Lifespaces launches Luminare Solaris in Gurgaon
Delhi/Gurgaon, Dec 14 : Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has launchedLuminare Solaris, the next phase of its luxury residential project in Gurgaon. Read Full Story

Realty sector turns optimistic with new state reforms in FDI: FICCI
New Delhi, Dec 8 : According to a report by FICCI, Indian real estate has attracted about USD 24.16 billion FDI in construction development sector during April 2000 to September 2015. Read Full Story

Real estate, now all for 'green buildings and living'
Kolkata, Aug 5 : The concept of construction of 'green buildings' is the flag-bearer of sustainable development movement in the real estate sector. Read Full Story

Real estate, now all for 'green buildings and living'
Kolkata, Jul 27 : The concept of construction of 'green buildings' is the flag-bearer of sustainable development movement in the real estate sector and realtors in eastern India are taking a call. Read Full Story

Tata Housing to provide vocational skill development training to 100,000 underprivileged youth by 2024
New Delhi, July 15 : Tata Housing, a real estate developer in India, on Wednesday announced that the company will provide vocational skill development training to 100,000 socio-economically backward youth across the nation by 2024, under its 'Samarth' initiative in line with Prime Minister Narendra Modi's vision of skilling the youth in India. Read Full Story

Floating sky sculpture Deya airlifted at Kolkata's Forum Atmosphere
Kolkata, June 10 : Forum Projects, one of the leading real estate developers in India, on Wednesday, airlifted 'Deya', the world's first iconic residential floating sky sculpture at their flagship luxury project - Forum Atmosphere in Kolkata.
Read Full Story

High-rises change the definition of modern lifestyle
Kolkata, Jun 3 : Real estate developers all over the world have a crucial and a common angle towards designing the high-end residential superstructures i.e, its outlook. Read Full Story

Suburbs witness rising numbers in sky-high residential towers
Kolkata, May 12 : A paradigm shift in the mentality of an Indian residential property buyer gets highly reflected in the rising numbers of high-rise luxury residential towers in the suburban areas, aligned with all the big cities in India. Read Full Story

Aura boasts of being Mankundu's first five star residential project
Kolkata, May 8 : West Bengal's leading real estate developers Primarc and Riya recently launched Aura, the first five star residential project in Mankundu, Hooghly. Read Full Story

Square Yards forays into the Indian real estate market
Mumbai, Jan 29 : Square Yards Consulting Pvt. Ltd., Thursday announced its foray in the Indian real estate market. The real estate advisory firm currently enjoys monopoly in International project marketing segment and has the largest market share in UAE, Singapore, UK, Hong Kong and USA NRI markets. Read Full Story

Motilal Oswal Real Estate Fund invests with Shriram Properties in Bangalore
Bangalore, Jan 21 : India Realty Excellence Fund II (IREF II) managed by Motilal Oswal Real Estate Investment Advisors Private Ltd has invested INR 67 Crs with Shriram Properties. Read Full Story

CHD offers the charm of forest living in Gurgaon
New Delhi, June 25 : CHD Developers Ltd., a leading real estate and infrastructure developer of northern India, has announced the launch of VANN - billing it to be an epitome for sublime and serenity located in Sector 71, Sohna Road, Gurgaon. Read Full Story

Tata Housing launches new project in Kolkata
Kolkata, May 7 : Tata Housing Development Company, pan-India real estate developer strengthened its presence in Kolkata by launching Avenida strategically located in the Central Business District area of New Town, Rajarhat, Kolkata. Read Full Story

Lotus Greens launches Electability campaign
New Delhi, Apr 9 : NCR-based real estate developer Lotus Greens on Wednesday embarked on a special outdoor campaign titled "Electability" whose message and communication revolves around the act of responsibility in casting one's ballot. Read Full Story

Sanjay Jain conferred with ABID award
Kolkata, Apr 5 : Association of Architects, Builders, Interiors, Designers and Allied Business (ABID) recently conferred the 'Excellence In The Field Of Real Estate Development' award to Sanjay Jain the Managing Director, Siddha Group, here. Read Full Story

Mail Today felicitates Supertech Limited
New Delhi, Apr 2 : Indian real estate developers Supertech Limited, recently bagged the award of 'Top Residential Space Developer - NCR', from the Mail Today Group, here. Read Full Story begins operation in Kolkata
Kolkata, Feb 5 : Real estate portal, recently started operations in Kolkata, easing the task of house hunting by sitting at home. Read Full Story

Panchsheel Buildtech offers 50:50 payment plan
New Delhi, Jan 30 : Noida based real estate developer, Panchsheel Buildtech Pvt. Ltd., recently announced the 'Fantastic 50 - 50:50 payment plan', for its valuable customers, here. Read Full Story

Parsvnath pays Rs. 500.86 cr to RLDA
Mumbai, Aug 23 : Parsvnath Group (Parsvnath), India's leading real estate and infrastructure developer, announced the payment of an amount of Rs. 500.86 crores to Rail Land Development Authority (RLDA), Ministry of Railways, Thursday, for the development of 15.27 hectares (38 acres) of railway land area situated at Sarai Rohilla-Kishanganj, Delhi. Read Full Story

Eden City gets 6 star rating
By Bikram Roy, Kolkata, Aug 8 : CRISIL Real Estate Star Ratings (CREST) which provide city specific all-round assessment of real estate projects on Wednesday awarded a 'Kolkata-6 star' rating for Eden City Maheshtala, a flagship project of real estate developers Eden city group. Read Full Story

CREDAI Odisha participating in NATCON 2013
Bhubaneswar, July 26 : The Confederation of Real Estate Developers' Associations of India (CREDAI) is organising the 13th National Convention (NATCON) 2013 at Moscow city in Russia from July 26 to July 28 on the subject 'Realty Favours the brave Surviving against all odds'. Read Full Story

Real estate still hot potato for urban youth
New Delhi, June 29 : Over 85pc of Urban Working Class prefer to invest in real estate as it fetches them guaranteed and higher returns and cautiously stay off from investing in gold, stocks and mutual funds as these instruments are found to be riskier by majority of them, according to findings of a country-wide Survey of the ASSOCHAM. Read Full Story

Prestige Group bags 14 awards
Bangalore, May 15 : Indian Real Estate Developers, Prestige Group recently bagged 14 awards across different categories hosted by IMAGES Retail, the Asia Pacific Property Awards and the Asia Pacific Hotel Awards for 2013 - 14 while Chairman and Managing Director of the company, Irfan Razack was awarded by Credai for 'Outstanding contribution to Real Estate.' Read Full Story

"Only carpet area to be recognised in housing bill"
New Delhi, May 4 : Only the carpet area and nothing else will be recognised in the forthcoming housing regulatory bill proposed by the government, said a top official here. Read Full Story

Siddha launches save water initiative
Kolkata, Mar 28 : Real estate major, Siddha Group as part of its corporate social responsibility (CSR) campaign to save water resources for the betterment of flora and fauna recently launched its initiative 'Save Our Water Bodies' at the Nature Study Park, here. Read Full Story

Budget: More deduction of interest for first home buyer
New Delhi, Feb 28 : The Finance Bill 2013-14 has proposed additional tax benefit to the first - home buyer who takes a loan for an amount not exceeding Rs. 25 lakh. Read Full Story

Budget: 1pc TDS on transfer value of immovable property
New Delhi, Feb 28 : The Finance Bill 2013-14 has proposed levy of TDS at the rate of 1 percent on the value of the transfer of immovable property where the consideration exceeds Rs.50 lakh. Read Full Story

Real Estate outlook negative to stable
India Ratings has revised its outlook for the Indian real estate sector to negative to stable for 2013, from negative in 2012. Read Full Story

Siddha Group distributes trees to villagers
Real estate builder Siddha Group, as a part of its campaign Mission Earth, announced to distribute 10,000 fruit bearing trees to the villagers of six panchayats of Rajarhat on Tuesday. Read Full Story

IndiaHomes gets tech-savvy for buyers
New Delhi, June 26 : IndiaHomes, a leading property broking company, on Tuesday said it has got a new technology to enable customers to make informed decisions. Read Full Story

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