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June 10, 2012

Sahara makes hard-to-believe claim of launching 68 projects

Sahara Infrastructure and Housing, of late being in the news for market regulator Securities and Exchange Board of India’s (SEBI) rap for mopping up Rs 17,400 crore through debentures and delayed project completion has now announced another 68 projects within FY 2012 – 13 across India. A statement issued by Sahara claims to introduce 10 lifestyle township projects, of which 9 will be self sufficient integrated townships under the brand name of ‘Sahara City Homes’ and 1 under the brand name of ‘Sahara Grace’.

Headlines

June 1, 2012

Haryana hikes colonization fee, may impact property prices

After house tax, the Haryana Cabinet has reportedly targeted real estate sector in the state by approving the proposal of the department of town and country planning to increase the licence fee for residential plots, group housing and industrial colonies. Details of the increased rates shall be notified in the next couple of days, officials in the department of town and country planning said.

Commercial

May 22, 2012

Indian commercial property market sees improvement in Q1 2012; rental outlook positive

RICS India Commercial Property Survey suggests an easing in global strains has led respondents to upgrade their expectation in both the occupier and investment markets in the country. With real estate clearly feeling the effects of the softer macro environment in the previous two quarters, the market is now witnessing improving results across several indicators, which could signal the beginning of a turnaround.

Company News

May 16, 2012

Ansal Properties & Infrastructure plans to expand townships in Lucknow, Greater Noida

Ansal Properties & Infrastructure plans to expand its two big…

Headlines

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May 11, 2012

Housing demand to remain stagnant till economy improves

Housing demand is expected to remain subdued in short-to-medium term…

Company News

May 8, 2012

New Bench to decide DLF dispute over CCI fine

The Competition Appellate Tribunal (Compat) has said a new Bench will decide the DLF case wherein the realty major has challenged CCI’s Rs 630 crore penalty on it and the final hearing has been adjourned to July 18.

Company News

Hospitality sector news, real estate news , realty news , india real estate , india realty news ,

May 6, 2012

Tata Realty and Infra to foray into hospitality

Tata Realty and Infrastructure (TRIL), a wholly-owned subsidiary of Tata Sons, is foraying into retail and hospitality segments through a new subsidiary, TRIL Hospitality Services. The company, which has about Rs 6,000-crore projects at hand, would also commence work on two more projects, and this would add business of Rs 3,000 crore, said a senior TRIL Infopark executive.

Headlines

April 30, 2012

Government a perpetuator of real estate price escalation

Sachin Sandhir: When the Government talks about affordable housing and expects the developers to do affordable housing, it is a misnomer because the Government is the first perpetuator of price escalation by auctioning the land to the highest bidder. Then to expect the developer to not make a profit of 50-60 per cent or whatever his expectation, is unrealistic.

Reports

April 13, 2012

India’s tier II / tier III real estate story – then and now

The demand fundamentals of the India story are now focused around all cities that have sufficient economic activity, be it industrial, service sector-driven or incentive-driven programs by the State Government. In Gujarat, which has seen considerable industrial progress, the key cities of Ahmedabad, Surat and Vadodara come readily to mind.

Company News

March 24, 2012

Is Competition commission new messiah of home seekers?

Call it the fallout of Competition Commission of India (CCI) penalty on the biggest real estate company DLF in a Gurgaon case last August, there has been a rush of complaints at the CCI against several property majors since then. According to CCI officials at least 200 complaint letters came to them against real estate players, of them around 15 were official cases.

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