Realty News
A complaint alleging the real estate developer Dwarkadhis Projects abused its dominant position has been rejected by the Competition Commission of India (CCI). While dismissing the complaint, the regulator stated that there was no evidence to suggest abuse of dominance by Delhi-based developer. The informant had purchased a dwelling unit in one of the housing [...] Continue Reading »
Brys Group a real estate firm is to develop a 300 metre tall residential tower in Noida at a price range of up to Rs 9 crore per unit. The firm has an investment of Rs 1,000 crore to develop 285 premium apartments over the next four years. The Group Chairman of Brys Rahul Gaur [...] Continue Reading »
A study conducted by a real estate portal reported that property prices in Mumbai and its metropolitan region have increased by 35% in the last two years. Regions such as Dombivli and Ghodbunder Road in Thane witnessed the highest price rise of 66% and 54% respectively while South Mumbai prices were weak. According to the [...] Continue Reading »
The government is set to enact a new law to constitute a regulatory authority to look after issues relating to real estate sector in order to bring in transparency. According to sources, a new Real Estate (Regulation and Development) Bill, 2012 is on the agenda of the Union Cabinet. The draft bill is likely to [...] Continue Reading »
In a move to help the company hedge against the over-exposure to its core market, Indiabulls Real Estate is to launch seven new projects outside Mumbai in the remaining part of 2012-13. The company is to launch residential as well as office projects in Sonepat, Gurgaon, Indore and Chennai. Including a township in Savroli on [...] Continue Reading »
A new realty project will be launched in Mumbai in the partnership of four property developers, Hubtown, Marathon Realty, Terraform Realty and Rajesh Lifespaces. A consortium has been formed called Rare Townships to develop a township titled ‘Rising City’ off eastern Express Highway in Ghatkopar area of Mumbai . The project will have two, two [...] Continue Reading »
The plywood industry was badly hit by the slump in the real estate industry. The Indian plywood industry has an annual revenues of Rs 25,000-30,000 crore. The domestic plywood industry, especially the unorganised sector will be in trouble once China starts flooding the market with quality products. However, due to quality issues, imports were minimal [...] Continue Reading »
The progress of major development projects in Maharashtra has been affected due to the differences over the land acquisition bill. Among these projects, most were shortlisted by chief minister Prithviraj Chavan two years ago. The Navi Mumbai airport, the nuclear power plant at Jaitapur, the coastal road and railway expansion projects are among them that [...] Continue Reading »
In a move to help the real estate sector, government is planning to give industry status to the real estate infrastructure sector. This move will help the real estate sector to get access to cheaper finance from banks. The proposal for industry status has already been submitted to the finance ministry for its consideration. Getting [...] Continue Reading »
The Mumbai based developer, Godrej Properties has launched its latest project ‘Godrej E-City’ in Electronic City Phase-1, Bangalore. The project is spread across 15 acres and will be launched in three phases wherein the first phase will have 8-5 storey buildings and with 280 homes across 3.6 lakh sq ft. The project will have around 800 apartments spread [...] Continue Reading »
