India Real Estate News

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

Housing.com launches 'Housing Partner' for real estate developers
New Delhi , Mar 28 : Housing.com 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 (global.squareyards.com) 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

Housing.com begins operation in Kolkata
Kolkata, Feb 5 : Real estate portal, Housing.com 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

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

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

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

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

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

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

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

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

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

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

DHFL revises retail prime lending rate
Mumbai, May 24 : DHFL, India's third largest housing finance company, on Tuesday announced an increase in its retail prime lending rate by 50 basis points. Read Full Story

Brigade Enterprises revenue up 28.53 pct
Mumbai, May 4: Real estate developer, Brigade Enterprises Limited, on Wednesday announced results for the year ended March 31, 2011, reporting a revenue growth of 28.53 percent. Read Full Story

Ambuja Realty unveils Conclave Club Verde Vista
Kolkata, Apr 13 : Chairman of Ambuja Realty, Harshavardhan Neotia on Tuesday unveiled the Conclave Club Verde Vista at Upohar, the condoville, in this eastern city. Read Full Story

Vipul Ltd's net sales up by 68.76pc
New Delhi, Nov 12: Vipul Limited, one of India's leading real estate companies, reported net sales of Rs. 89.93 crore for the quarter ended September 30, 2010 compared to Rs. 53.29 crore in corresponding period of last fiscal year, registered a growth of 68.76 pc . Read Full Story

Omaxe Ltd grows 58pc
New Delhi, Nov 10 : Omaxe Ltd., a leading real estate development company, on Wednesday reported net sales of Rs. 354 crore for the quarter ended September 30, 2010 compared to Rs. 224 crore in corresponding period of last fiscal year, registered a growth of 58pc . Read Full Story

Ashiana Housing PAT up by 19 pc
New Delhi, Nov 1 : Ashiana Housing Limited, a mid-sized real estate company, on Monday announced its financial results for the Quarter ended 30th September, 2010, where it registered a 19pc rise in Profit After Tax (PAT). Read Full Story

Parsvnath sells 24.5 pc stake
New Delhi, October 25, 2010: Parsvnath Developers Limited (PDL), a leading integrated infrastructure developer, has sold 24.5 per cent stake in office project for Rs 120 crore, said the company on Monday. Read Full Story

International Realty Conclave kicks off
Gurgaon, Oct 21 : A four-day international Property Affaire and Realty Conclave started on Thursday at Epicentre hall here in the presence of industry captains and the who's who of the real estate world. Read Full Story

Larsen and Toubro records 18pc growth
Mumbai, Oct 18 : Construction major Larsen and Toubro (L and T) reported Gross Sales of Rs 9342 crore, registering 18pc y-o-y growth for the quarter ended September 30, 2010. Read Full Story

Hiranandani expands operations in South India
Bangalore, Oct 11 : Hiranandani Upscale, a leading real estate developer, is expanding its footprint in South India with the launch of its much-awaited projects in Bangalore. Read Full Story

Larsen and Toubro bags orders worth Rs.1585 crore
Mumbai , Oct 8 : Larsen and Toubro's (L and T) Buildings and Factories Operating Company - part of its Construction Division - has secured orders aggregating to Rs.1585 crore in the second quarter for the construction of residential projects, factories, office space, hotel including add on orders from various ongoing projects. Read Full Story


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