'Bring back coir into hearts and homes: Architect
Alappuzha, Feb 7 : Coir and its composites can be an excellent sustainable alternative to synthetic building materials and can be incorporated into every aspect of construction from roofing and flooring to walls and interiors, renowned architect G Shankar said today. Read Full Story

India's Sobha group buys land in Dubai's Meydan for mixed-use project
Dubai, Feb 6 : Indian developer Sobha Group has obtained eight million square feet of land at Meydan City in Dubai for an undisclosed amount to build a mixed-use project, officials have said. Read Full Story

Consumers Forum awards Rs 1 lakh compensation to 10 flat buyers
Thane, Feb 1 : The District Consumers Redressel Forum here has awarded a compensation of Rs one lakh each to ten flat buyers for the failure of a builder to provide them dwelling as promised. Read Full Story

Puranik Builders launch housing project based on Balian theme
Thane, Jan 31 : Renowned developers Puranik Builders today launched a mega housing project, based on the Balian theme, in the city. Read Full Story

Non-Goans cannot buy farm land, says Congress draft manifesto
Panaji, Jan 23 : Non-Goans will not be allowed to buy agricultural land in Goa, according to the draft manifesto of the Congress party, a senior party leader said Monday. Read Full Story

VHL gets ISO certification on quality management
Hyderabad, Jan 5 : Vasathi Housing Limited, known for developing affordable luxury housing projects, has been accorded ISO 9001:2008 Certification for Quality Management System. Read Full Story

DLF sells Pune SEZ
New Delhi, Dec 28: Real estate major DLF and its joint venture partner Hubtown Wednesday said they had sold their 100 percent stake in DLF Ackruti Info Parks, which owns a special economic zone (SEZ) in Pune, for Rs.810 crore. Read Full Story

BPTP partners HDFC to offer special home loan rate
New Delhi, Dec 19 : Real estate firm BPTP Ltd today announced a partnership with HDFC to offer home loans at 5.99 per cent per annum, guaranteed for first five years. Read Full Story

Realty industry needs regulator to promote ethical business
By Vinod Behl: The Confederation of Real Estate Developers Associations of India (Credai) has once again brought to the centre-stage the issue of transparency by pushing it as a panacea for the negative perception about developers among policy-makers and the public. Read Full Story

Stones more versatile as building materials: Experts
Jaipur, Dec 16 : Experts at the concluding session of a two-day global seminar on stone technology Friday called upon all those engaged in construction business to use more of stones in buildings as they are eco-friendly and impart more strength. Read Full Story

Unitech and Collage launches high-end apartments in Doon
Dehradun, Dec 15: Real Estate major Unitech and the Delhi-based Collage Group today announced the launch of The Residences, a modern premium living in the state capital. Read Full Story

Gurgaon land worth millions restored to government
Chandigarh/Gurgaon, Dec 10 : Government land worth hundreds of millions of rupees has been restored to the Haryana government from the clutches of the land mafia in Gurgaon following the intervention of the district administration, a senior officer said Saturday. Read Full Story

Germany's Aluplast to supply windows to Paramount Group
New Delhi, Dec 8 :Realty firm Paramount Group today signed a memorandum of understanding (MoU) with Germany's Aluplast Group which will design, manufacture, fabricate and install 25 lakh sq ft windows, especially designed for the Indian company. Read Full Story

The MagicBricks Property Index rises by 7 pc
New Delhi, Dec 6 : The National Property Index (NPI) prepared by MagicBrics rose by 7 per cent in the second quarter of the year 2011-12. Read Full Story

DLF divests its stake in JV to IDFC
Kolkata, Dec 5 : DLF Limited, India's leading real estate company, announced that Galaxy Mercantile Ltd. (GML), a joint venture (JV) company of DLF Home Developers Limited (DHDL), a wholly owned subsidiary of DLF Ltd., has received Rs. 200 crore as the first tranche of infusion of capital from IDFC. Read Full Story

Leighton Welspun bags Rs 442 cr construction order in Noida
New Delhi, Dec 1 : Leighton Welspun Contractors, a unit of Australia's Leighton Holdings, today said it has secured a contract worth Rs 442 crore to develop the Wave II project, a mixed-use building development located in Noida. Read Full Story

Supertech launches Rs 2,000 cr project in Noida
New Delhi, Nov 30 : Real estate developer Supertech Ltd today announced the launch of a mixed-use project with an investment of Rs 2,000 crore in Noida. Read Full Story

CREDAI and ADARSH join hands to promote green buildings in India
New Delhi, Nov 24 : Confederation of Real Estate Developers' Associations of India (CREDAI) today said it has signed an MoU with the Association for Development and Research on Sustainable Habitats (ADARSH) to strengthen the green building movement in India under the Green Rating for Integrated Hobitel Assessment (GRIHA) rating system. Read Full Story

Leading Real Estate Developer chooses Ameyo for Customer Interactions Management
Gurgaon, Haryana, India, Monday, November 21, 2011 --
Ameyo becomes the technology of choice for high-value customer experience management operations of Peninsula Land Limited. Read Full Story

Nod given for occupying flats in Dwarka society, court told
New Delhi, Nov 21: An official representing the registrar of cooperative societies (RCS) told the Delhi High Court Monday that he has cleared names of a housing society's members eligible to occupy flats in Dwarka in west Delhi. Read Full Story

Indian real estate sector to face shortfall of professionals
New Delhi, Nov 17 : With India's population estimated to increase to 1.38 billion by 2020 leading to potential future growth of the real estate sector, the industry is likely to face a demand and supply gap of 44 million core professionals by 2020, a study said Thursday. Read Full Story

New bill seeks to protect home buyers, curb graft in realty
New Delhi, Nov 11 : The government Friday released a draft bill that seeks to bring transparency and accountability in real estate and housing transactions and curb widespread corruption in the sector. Read Full Story

Noida's Knowledge Boulevard wins gold LEED certification
Noida, Nov 10: Leading real estate developer 3C Company has been awarded a gold LEEDS (Leadership in Energy and Environmental Design) certification for its Knowledge Boulevard green building in Noida that the company says will save huge operating energy costs. Read Full Story

Real estate regulator bill will improve transparency: Selja
New Delhi, Nov 4 : The real estate regulator bill, to be tabled in the coming winter session of parliament, will improve governance and transparency in the sector, union Housing and Urban Poverty Alleviation Minister Kumari Selja said Friday. Read Full Story

Fortis India to acquire international arm for USD 665 mln
New Delhi, Nov 1 : Fortis Healthcare India today announced that it will acquire Singapore-based arm--Fortis Healthcare international--for 665 million dollars. Read Full Story

Delhi property circle rates rise 15-250 percent
New Delhi, Oct 31 : The Delhi government Monday hiked the circle rates -- minimum prices for sale or purchase of real estate -- by 15-250 percent, with experts welcoming the move and calling it "a step in the right direction". Read Full Story

Delhi property circle rates hiked by 15 to 250 percent
New Delhi, Oct 31 : The Delhi government Monday increased the circle rates -- minimum prices for sale or purchase of real estate -- by 15 to 250 percent in a step aimed at generating increased revenue. Read Full Story

Now real estate sector needs reform
By Vinod Behl: The Supreme Court ruling banning real estate transactions on the basis of power of attorney and making sale deed compulsory for property sale is a welcome step that will make secondary market transactions fool-proof. Read Full Story

Plama Developers to construct luxury apartments
Kozhikode, Oct 29 : Bangalore-based Plama Developers would launch its ultramodern luxury apartment project in Kozhikode City of Kerala tomorrow. Read Full Story

Soham Group announces launch of third tower in Thane
Thane, Oct 21: Renowned real estate developer Soham Group today announced the launch of the third tower in their upcoming project, 'Tropical Lagoon', comprising five towers of 27-storey each and 104 flats. Read Full Story

Additional construction to be allowed in Mumbai buildings
Mumbai, Oct 20 : In a pre-Diwali gift, the Maharashtra government Thursday decided to allow additional construction of 0.33 percent in buildings in Mumbai's suburbs and extended suburbs after charging a premium, an official said. Read Full Story

Vasavi Housing goes for green building project on OMR
Chennai, Oct 19 : Vasavi Housing Infrastructure Limited, one of the city's most reputed builders, today announced the launch of its latest environmental-friendly project 'Thazham' on the IT Corridor of the OMR. Read Full Story

Omshakthy-Fire Capital sets up Joint Venture firm for residential project
Chennai, Oct 19: Real Estate developer Omshakathy Agencies (Market) Private Limited today announced launch of a 50:50 Joint Venture firm in association with Fire Capital Fund Mauritius Private Limited to develop residential space in Chennai city. Read Full Story

Shriram Housing Finance commences operations in Maharashtra
Nagpur, Oct 18 : Shriram Housing Finance Ltd today announced the launch of its operations in Maharashtra with focus on second and third tier cities. Read Full Story

Notice to DLF, Himachal government on housing project
Shimla, Oct 17 : Acting on a petition alleging serious environmental violations in allowing a private realtor set up an ultra-luxury housing project here, the Himachal Pradesh High Court Monday issued notice to the state government and Delhi-based real estate giant DLF. Read Full Story

BCC Infra launches Rs 2,000 cr residential project in NCR
Ghaziabad, Oct 16: Real estate developer BCC Infrastructures along with HDFC PMS today launched a Rs 2,000 crore "Bharat City", third largest residential township in the national capital region(NCR). Read Full Story

Everest unveils Smart Steel Buildings
Kolkata, Oct 15 : Everest Industries Limited, a fastest growing building solutions companies, has launched Smart Steel Buildings. Read Full Story

India leads world in building efficiency: Survey
New Delhi, Oct 12 : The third annual global Energy Efficiency Indicator (EEI) shows that building owners and operators throughout India continue to say they place higher importance on energy management in comparison to their peers in other major countries. Read Full Story

Tata Housing launches luxury apartment complex in Bangalore
Bangalore, Oct 11 : Tata Housing Development Company Ltd today announced the launch of 'THE PROMONT', a luxurious, exclusive, gated community of terraced hillside residences in Southern parts of the city. Read Full Story

SnapGhar to help get right house
Mumbai, Sept 28 : To solve confusions while getting the 'right' house, a collective buying platform SnapGhar.com has been launched. Read Full Story

Navin Raheja new head of NAREDCO
New Delhi, Sep 26: NAREDCO, the apex body of housing and real estate sector, today announced the appointment of Mr Navin Raheja, Chairman and Managing Director of Raheja Developers, as its president. Read Full Story

Complete Rohini plot demarcation by Oct 30, court tells DDA
New Delhi, Sep 23 : The Delhi High Court Friday asked the Delhi Development Authority (DDA) to complete, by Oct 30, the demarcation of residential plots in Rohini for allotment to around 25,000 applicants who had cleared draw of lots 30 years ago. Read Full Story

ASSOCHAM criticizes new land bill
Mumbai, Sept 22 : The New Land Acquisition Bill if passed by Parliament in its present form will increase prices of Janta Flats, 2 BHK, 3 BHK and 4 BHK apartments in and around Delhi by 30 to 50pc depending upon the location and make affordable housing only a dream for the middle class segment, according to The Associated Chambers of Commerce and Industry of India (ASSOCHAM). Read Full Story

Use carpet area of house to levy stamp duty: Builders
Mumbai, Sep 21: The Maharashtra Chamber of Housing Industry (MCHI) has welcomed Chief Minister Prithviraj Chavan's move to ensure that carpet area is used as the common measurement unit for sale of residential property, and appealed to the government to apply the norm for levying stamp duty and clearing building plans. Read Full Story

Free flats for scheduled castes, tribes in Delhi
New Delhi, Sep 19 : The Delhi government Monday said it will allot free houses to slum dwellers belonging to the Scheduled Castes and the Scheduled Tribes communities in the capital. Read Full Story

Hiranandanis to set up multi-speciality hospital in Thane
Mumbai, Sep 16 : Real estate developer Hiranandani Group Friday announced it was setting up a 200-bed multi-specialty hospital in Thane city, expected to be operational in the next two years. Read Full Story

Asset Homes launches residential apartments
Kannur, Kerala Sep 15: Asset Homes today launched its 35th residentinal apartments project here under the name of Asset HK Hall mark. Read Full Story

Rohini plots to be allotted by 2013, DDA tells court
New Delhi, Sep 13: The Delhi Development Authority Tuesday told the Delhi High Court that it needs one and a half years more to hand over possession of residential plots in Rohini to 25,000 applicants who opted for the scheme three decades ago. Read Full Story

Prestige Group unveils 'Dynasty'
Bengaluru, Sept 12: Real estate developer The Prestige Group on Monday announced the completion of Prestige Dynasty, a high end commercial development in the heart of Bengaluru to be occupied by Citrix. Read Full Story

Over 1,000 non-residents allowed to buy land in Himachal
Shimla, Aug 25 : More than 1,000 people who are not residents of Himachal Pradesh have been allowed by the state government to purchase land in the state in the past three and a half years, the government said Thursday. Read Full Story

DB Realty Net Profit up by 409pc
Mumbai, Aug 12 : DB Realty Ltd, one of India's leading real estate developers, announced its results for quarter ended 30th June 2011, where its Net Profit grew 409pc . Read Full Story

Parsvnath Developers PAT up 93.13pc
Mumbai, Aug 11 : Parsvnath Developers Limited (PDL), India's leading integrated infrastructure developer, registered total revenue of Rs 182.47 Cr in first quarter ended on June 30, 2011. Read Full Story

Sobha Developers' turnover, PAT marginally up in Q1
Bangalore, Aug 9 : Leading real estate group Sobha Developers today announced a two per cent increase in its turnover in the first quarter of fiscal 2012 at Rs 318 crore with the net profit declining to Rs 30.9 crore compared to Rs 34.3 crore in Q1 of FY 2010-11 The company, in a release here said it sold 665,660 sq ft during the quarter despite the challenging conditions. The average sales realisation moved up to Rs 4,547 per sq ft, an increase of 11 per cent over the last year. Read Full Story

Godrej Properties to develop residential project in Gurgaon
New Delhi, Aug 7 : Real estate developer Godrej Properties Ltd (GPL), part of the Godrej Group, will develop a residential group housing project in Gurgaon. Read Full Story

Godrej and Jet Airways sign agreement plot at Bandra-Kurla Complex
Mumbai, Aug 6 : Godrej Properties Limited (GPL) and Jet Airways Limited has signed an agreement to develop a commercial plot at prime Bandra-Kurla Complex (BKC) in North-central Mumbai. Read Full Story

Godrej Properties to develop Jet Airways property in Mumbai
New Delhi, Aug 5: Godrej Properties Ltd (GPL), the real estate development arm of the Godrej Group, today announced that it has entered into an agreement with Jet Airways Ltd to develop the latter's property at BandraKurla Complex in Mumbai. Read Full Story

Oberoi Realty cons net jumps 32.6 pc
New Delhi, Aug 3:Real estate firm Oberoi Realty Ltd today reported a rise of 32.6 per cent in its consolidated net profit to Rs 105.77 crore for the quarter ended June 30. Read Full Story

Punj Lloyd wins contract to build 194 luxury villas
Mumbai, Jul 29: Punj Lloyd Ltd has informed BSE ltd that it has been awarded a contract for construction of 194 villas at Kolkata West international City (KWIC), a satellite township in West Bengal. Read Full Story

Auto, realty sectors unhappy at interest rate hike
New Delhi, July 26 : The country's automobile and realty sectors have expressed their reservations over the Reserve Bank of India's (RBI) decision to hike interest rates by 50 basis points to tame inflation, which sets the stage for commercial banks to raise interest charged on personal and corporate loans. Read Full Story

ASSOCHAM urges govt to resolve GNOIDA real estate crisis
New Delhi, Jul 26: Industry body ASSOCHAM today urged the Union Government to take initiative and evolve a consensus among all stakeholders as the land acquisition crisis in Greater Noida and its adjoining areas casts a shadow over rapid urbanisation in the region. Read Full Story

National Association of Realtors-India pacts with CREDAI to professionalise realty sector
New Delhi, Jul 23 : In a bid to professionalise real estate industry and provide better services to customers, National Association of Realtors India (NAR-India) today entered into a partnership with the Confederation of Real Estate Developers' Association of India (CREDAI) for co-operation, exchange of knowledge, expertise and training. Read Full Story

NAR-INDIA inks agreement with CREDAI
Mumbai, July 23 : National Association of Realtors India (NAR-INDIA), the pan-Indian association of real estate agents and CREDAI (Confederation of Real Estate Developers' Associations of India), the largest representative of developers join hands for co-operation, exchange of knowledge, expertise and training. Read Full Story

Uncertainty looms over realty projects in Greater Noida
By Rohit Vaid, Greater Noida/New Delhi, July 20 : An atmosphere of uncertainty and panic has returned to plague home buyers and builders in Greater Noida after the Allahabad High Court sided with farmers, quashing land acquisition of 598 hectares in Patwari village - the second acquisition struck down by court this month. Read Full Story

'Goa real estate boom fuelled by black money'
Panaji, July 20 : Goa's real estate boom is not driven by "people who love the land", but by speculative investment of black money in the state, environmentalist Madhav Gadgil said Wednesday. Read Full Story

V Square to develop Rs 150 cr commericial hub
New Delhi, Jul 19 : V Square, a real estate development management company, today announced the launch of a commercial project "114 Avenue", which will entail an investment of Rs 150 crore. Read Full Story

1,000 delegates to participate in 2-day NAR--India Convention
New Delhi, Jul 19 : As many as 1,000 delegates, including 50 international brokers will participate in the two-day National Association of Realtors (NAR)--India Convention 2011, starting from July 23. Read Full Story

Tata to launch affordable houses
New Delhi, July 16 : Leading business house Tata Group will be launching affordable houses for the rural market by 2012, said a top official here on Saturday. Read Full Story

ASSOCHAM calls for 'strong, transparent' regulator for realty sector
New Delhi, Jul 12: Industry body ASSOCHAM today called for a "strong and transparent" regulator for the real estate sector for an orderly growth as India moves towards becoming the third largest construction market globally by 2020 from the current ninth position. Read Full Story

Home buyers worried over court order on land in Greater Noida
New Delhi, July 6 : Home buyers were worried about their investments after the Supreme Court Wednesday upheld a lower court order quashing the acquisition of 156 hectares of farmland in Greater Noida for housing projects, even as builders assured that the money was safe. Read Full Story

Emaar MGF registers Rs 206 cr loss in FY11
New Delhi, Jul 4: Real estate firm Emaar MGF today announced that it has registered a net loss of Rs 205.94 crore for the year ended March 31, 2011, The company had posted a net profit of Rs 73.81 crore in the previous financial year, it said in a statement. Read Full Story

DHFL revises lending rate on housing loans
New Delhi, July 1 : Dewan Housing Finance Corporation Ltd, India's third largest housing finance company, on Friday announced an increase of 25 basis points in its Retail Prime Lending Rate. Read Full Story

Billimoria bags Rs 500 cr construction order
New Delhi, Jun 27 : B E Billimoria and Co Ltd, India's leading high rise specialist contractors, has received a construction contract of Supertech's flagship project "North Eye" in Noida. Read Full Story

Larsen and Toubro bags Rs.4,100 crore orders
Mumbai, June 22 : Construction and engineering major Larsen and Toubro Wednesday said its construction division has bagged orders worth Rs.4,100 crore (about USD 900 million) during the first quarter of the current financial year. Read Full Story

Auto, home loans to get costlier as RBI hikes rate again
Mumbai, June 16 : Auto and home loans are set to get costlier as the Reserve bank of India (EBI) Thursday hiked short term lending rates by 25 basis points in a bid to curb inflation and indicated that more such increases were in the offing. Read Full Story

Hindware opens first store in south India
Hyderabad, June 16 : Home interiors company Hindware Home Retail Limited Thursday forayed into south India with the launch of its first mega home store in Hyderabad. Read Full Story

India edition of RICS 'Red Book'; best practices for real estate
New Delhi, Jun 11: To meet the requirements of growth of institutional finance in the Indian real estate sector, Royal Institution of Chartered Surveyors (RICS), today launched the India edition of 'Red Book' that outlines valuation standards of global application. Read Full Story

Real Estate Bill to focus on affordable housing, transparency: G
New Delhi, Jun 11: Ministry of Housing and Urban Poverty Alleviation, Joint Secretary (Housing), Sunil Kumar Singh said the Real Estate Regulation Bill will focus on augmentation of land supply to increase the stock of affordable housing as well as bring in transparency and empower the consumers. Read Full Story