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Realty News

Latest projects in Noida delayed

Latest projects in Noida delayed
Mr. Ramesh Saxena who is 29 year old IT professional has booked a flat in Noida Extension in 2009. He was promised he would get the possession in 3 years but his house is nowhere to be completed, therefore he is paying Rs 20,000 a month as rent in Vaishali. Mr. Saxena says that he [...] Continue Reading »

Real estate law should focus on small projects

Real estate law should focus on small projects
The parliamentary panel says that the law should be applicable on the constructions built on 100 sq m area or more. The Standing Committee says that the small projects has been removed from the purview of the Bill where the area of land is less than 1000 sq m or where a building does not [...] Continue Reading »

Lens on Rs 20,000 cr mill land ‘scam’

Lens on Rs 20,000 cr mill land ‘scam’
Investigation has been taking place into National Textile Corporation (NTC) proposal to revive several of its prime properties in Mumbai and Aurangabad by the Central Bureau of Investigation. There is a suspicion for which this investigation is taking place and which is probably that mill land worth over Rs 20,000 crore was being diverted for [...] Continue Reading »

Godrej Properties introduces new residential project in Chennai

Godrej Properties introduces new residential project in Chennai
The real estate development wing of the Godrej Group is going to develop the residential project at Padur, Old Mahabalipuram Road (OMR), near Siruseri IT Park, in Chennai. The project is spread over 7 acres and will provide approximately 1 million square feet of saleable area and will be established as a modern housing residential [...] Continue Reading »

Home loans declined by 55%

Home loans declined by 55%
Fresh loans worth Rs 1,375 crore have been granted to 18,510 beneficiaries during the third quarter September-December last year as a decrease of 55% from the same period in 2012. A record shortfall in demand for home loans last year has been led by the slowdown in real estate and overall economic slump. The fall [...] Continue Reading »

Godrej Properties partners with SSPDL Green Acres to develop residential project in Chennai

Godrej Properties partners with SSPDL Green Acres to develop residential project in Chennai
The real estate arm of Godrej Group, Godrej Properties has formed a partnership with SSPDL Green Acres LLP to build up a residential project at Padur on OMR (Old Mahabalipuram Road) on the periphery of Chennai. The proposed project will be near Siruseri IT Park and will be spread over seven acres and 93,000 square [...] Continue Reading »

Rustomjee Urbania project to receive Rs 375 crore from Xander group as investment

Rustomjee Urbania project to receive Rs 375 crore from Xander group as investment
As per the sources the Xander group is to invest nearly Rs 375 crore in a township project of Mumbai-based realty company Keystone Realtors Pvt. Ltd. Kapstone Constructions Pvt. Ltd is a wing of Keystone Realtors is currently developing the Rustomjee Urbania project which is 127 acre in Thane near Mumbai. The project is under [...] Continue Reading »

Credai supports lower interest rate control to boost housing sector

Credai supports lower interest rate control to boost housing sector
Mr. C. Shekhar Reddy, President Credai-National, says that the real estate sector has been witnessing high input costs, high cost of funds and a moderate demand over the last few months. The real estate sector has been neglected and requires immediate concern to develop confidence. Mr. Anuj Puri, Chairman and Country Head, JLL India, says [...] Continue Reading »

Developers sleet RBI policy; demand easing of interest rate

Developers sleet RBI policy; demand easing of interest rate
CREDAI says that interest rates have increased and the hoped rates would come down in near future which motivates the economic growth as well as housing demand. Mr. Lalit Kumar Jain, Chairman of Confederation of Real Estate Developers’ Associations of India (CREDAI), says that this is positive step as it indicates that interest rates will [...] Continue Reading »

Election cash call puts pressure on development and real estate

Election cash call puts pressure on development and real estate
The real estate companies are transferring funds from housing and other projects towards election campaign contributions. As compared to other sectors the developers are depending on connection with the government to acquire land or win contracts. If the developers support the campaign of the winning party the return is huge for the developers. Mr. Santhosh [...] Continue Reading »



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