Realty News
Confederation of Real Estate Developers Association of India (CREDAI) has called for the one per cent norm related to VAT payment to be adopted for the retrospective period between 2006 and 2010. The issue is pending with the Supreme Court, which had issued an interim order asking that the VAT on properties sold between the [...] Continue Reading »
With almost all the cities coming up with property shows, the latest one is by Andhra Pradesh Real Estate Developers Association. This property show is the third edition in Hyderabad and will be held on November 10 and 11. Along with other items the property show will include a conference on ‘Real Estate which will focus on accelerating [...] Continue Reading »
With the Formula One fever back in action, Noida is all set to get alive with the race. Formula One will get the sleepy township back in action with all the 5-star hotels progressing with uproaring business. The second edition of F1 this time has been organised with the completion of the Yamuna expressway. However, [...] Continue Reading »
One of the largest pension asset managers, APG Asset Management, Abu Dhabi Investment Authority and the Government of Singapore Investment Corp are to invest in Indian real estate market . APG, which manages about 300 billion euro in assets, now plans to work directly with real estate developers, as it looks to establish a stronger [...] Continue Reading »
South Chennai is coming up with a number of new township projects for possession or nearing possession. These new projects offer a variety of property types ranging from multi-storey apartments, builder floor apartments, independent villas and plots, priced at Rs 2500-3700 per sq ft. An appreciation of 30% has been witnessed since the projects were [...] Continue Reading »
With lenders cutting interest rates and other charges for home loan, the National Housing Bank expects a growth of 20% this year from 17% in 2011-12. The environment has become competitive due to lowering of the interest rates and abolition of some of the fees The demand and growth of housing loan has been good [...] Continue Reading »
Real estate developer Casa Grande aims to become a 1,000-crore company by 2016 by developing several properties across the region, according to company officials. The Chennai based developer has reported revenues of Rs 130.09 crore last year and is trying to raise the revenue by Rs 240 crore this financial year. The firm’s Managing Director, [...] Continue Reading »
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 »
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 »
