Realty News
Betting big on Indian realty, Sotheby’s International Realty Affiliates LLC — a group company of global auction house Sotheby’s International — has signed an exclusive agreement with Delhi-based real estate consultancy firm RealPro to develop its brand in India by setting up a brokerage firm. North India Sotheby’s International Realty is set to start operations [...] Continue Reading »
Even though the amendments came to force recently in the land acquisition law which was passed by the erstwhile UPA government, the criticism of the new law that has practically stalled all land acquisitions continues. Congress-ruled states have petitioned the new Narendra Modi government to make changes in the law and Nitin Gadkari had spoken to [...] Continue Reading »
The IT Capital of India Bangalore and the Oxford of the east Pune have witnessed maximum appreciation in the price of properties. Bengaluru has witnessed the maximum appreciation of 41 % in the mid-income housing segment during the last three years, while Pune tops the list with an average increase of 39 % in the [...] Continue Reading »
Sumit Jain, the Co-founder and CEO of CommonFloor.com has observed an interesting trend over the last one year in the Indian real estate market. There is an increased demand for ready-to-move-in properties. The main factor which is responsible for this rise in demand is the inordinate delay in project delivery. Due to this the home [...] Continue Reading »
In a recent exchange filing, IL&FS Transportation Networks Ltd (ITNL) has disclosed that its special purpose vehicle (SPV) – Shrinagar Sonmarg Tunnelway Ltd – has tied up a loan of Rs 2,363 crore with the ICICI bank. In the SPV, Soma Enterprises Ltd and ITNL are 51:49 equity partners. ITNL said in the exchange filing [...] Continue Reading »
In an interim order issued by a Supreme Court bench, bigwig realty firm DLF has been asked to deposit a penalty amount of Rs 630 crore for its allegedly unfair business practices. The penalty was imposed on DLF by the Competition Commission of India (CCI). The directive issued to DLF by the SC bench – [...] Continue Reading »
Widows and transgender may get government backing to own a house in urban areas with a plan proposed to ease the interest burden. At present, only women, SC/ST, minorities and differently able persons get such a preference. Learning from the experiences of Rajiv Rinn Yojna (RRY), an instrument to address the housing needs of the [...] Continue Reading »
Andhra Pradesh government is staring at an uphill task of developing a capital city for the state with an expert committee suggesting that the main government and other institutions be distributed across three different regions instead of the capital being established at any particular place. Development of a capital city has become an emotional issue [...] Continue Reading »
The first half of 2014 has seen residential sales volumes in Hyderabad plunge by over 27 percent to 7,300 units, according to real estate consultancy Knight Frank. In a comprehensive analysis of residential and office market performance for January-June 2014, it said that the recent political instability has had an alarming impact on demand during [...] Continue Reading »
Toll collections for several roads have seen a somewhat higher growth in the April-June quarter. The reason behind this growth is partly due to tariff hikes and partly due to more traffic. For a clutch of 17 road projects belonging to IRB Infrastructure Developers, Ashoka Buildcon and Sadbhav Engineering went up by 8% to nearly [...] Continue Reading »
