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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’.

Commercial

May 25, 2012

CCI drops charges against Unitech

The anti-monopoly regulator Competition Commission of India (CCI) has dismissed the plea of two individuals against the realty company Unitech alleging that Unitech failed to fulfill its obligation by not handing over the possession on time and therefore violated section 4 of the Competition Act (2002) by abusing its dominant position.

Headlines

May 4, 2012

Real Estate Regulatory Bill likely in next Parliament session

Within hours of Track2Realty reporting that the much awaited Real Estate Regulatory Bill will not be tabled in the current session of parliament, the government has confirmed it by announcing that the Bill is likely to be presented in the next session of Parliament. The Bill is expected to be tabled before the Union Cabinet shortly, said Aruna Sundararajan, Joint Secretary, Union Ministry of Housing and Urban Poverty Alleviation.

Company News

March 6, 2012

Tata Housing bids to buy US consulate buildings

Tata housing has bid to buy US consulate buildings in Mumbai, according to the sources close to the development. “Negotiations are at an advanced stage and the deal is expected to be concluded in less than a month,” said the source.

Analysis

December 29, 2011

India Real Estate: Snapshot 2011

Market forces of demand and supply are the most potent determinants of price and the developments in the real estate industry during year 2011 is the latest example.

Commercial

September 24, 2011

Chennai office space demand may dip

The demand for office space in Chennai is expected to dip, with an expected slowdown in North American and European countries affecting the information technology sector.

Analysis

August 19, 2011

Delhi real estate – A saga of metamorphosis

While studying the real estate market in Delhi, it is…

Company News

August 16, 2011

CCI order may change realty scene

The imposition of heavy penalty by Competition Commission of India (CCI) on real estate major DLF in Belaire complex case for breaching the norms regarding fair pricing is likely to have serious ramifications on the real estate industry in the city.

Company News

August 9, 2011

Videocon’s hotel project in Ahmedabad on hold

Videocon Group has put its hotel project on backburner. The company now plans to enter the Ahmedabad real estate market with a residential cum commercial project on the prime location of Ashram Road.

Company News