Industry

Realty Sales, Site Visits Plummet Due To Corona Outbreak

access_timeApril 01, 2020

New Delhi: The real estate markets of Gurgaon and Noida have seen a reduction in site visits to the tune of 40 percent and 52 percent respectivey in t...

PNB, IOB Cut Lending Rates Sharply, Home Loans To Become Cheaper

access_timeApril 01, 2020

New Delhi: Punjab National Bank (PNB) has slashed its lending rate linked to the repo rate by 0.75 percentage. The new rates will be effective from to...

Realty Companies Waive Rents, Distribute Food Items To Laboures Amid Corona Outbreak

access_timeMarch 31, 2020

New Delhi: Realty player Unity Group has waived rents worth Rs 10 crore in its ‘Unity One’ and ‘Vegas’ malls for a month due to the corona outbteak an...

Indian Bank, Bank Of Baroda, Union Bank Reduce Lending Rates

access_timeMarch 31, 2020

New Delhi: Indian Bank has slashed its benchmark one year tenor marginal cost of funds based lending rate (MCLR) by 15 basis points. The new rate will...

Bank of India Reduces Interest Rates By 75 Basis Points

access_timeMarch 31, 2020

New Delhi: After Satte Bank of India, the Bank of India (BoI) has cut the interest rates by 75 basis points for those borrowers whose loans are linked...

Godrej Properties Acquires 82 Acre Land From Group For Rs 135 Cr

access_timeMarch 28, 2020

New Delhi: Mumbai-based Godrej Properties Ltd (GPL) has acquired 82 acre land from its group company Godrej Agrovet near Bengaluru for Rs 135 crore. ...

SBI Cuts Lending Rates, Int On Fixed Deposits Sharply

access_timeMarch 28, 2020

New Delhi: Country’s largest lender State Bank of India (SBI) has cut the lending rates as well as the interest rates on fixed deposits sharply. The b...

No Repayment Of Home Loans Required For 3 Months, Home Loan Rates Also Likely To Come Down Sharply

access_timeMarch 27, 2020

New Delhi: The Reserve Bank of India has put a three-month moratorium on payment of EMIs for all kinds of loans including home loans. This would be ap...

Repo Rate Cut by 75 Bps, Reverse Repo Rate Cut By 90 BPS, CRR Cut By 100 Bps

access_timeMarch 27, 2020

New Delhi: The Reserve Bank of India has cut the Repo Rate by a staggering 75 basis points from 5.15 percent to 4.4 percent. The Reverse Repo Rate has...

Indiabulls Real Estate Plans To Buy Back Rs 500 Cr Worth Of Equity Shares

access_timeMarch 26, 2020

New Delhi: Indiabulls Real Estate plans to buy back Rs 500 crore worth of its equity shares. "Post completion of ongoing scheme of arrangement of Che...

Credit Rating Of Indiabulls Housing Finance Downgraded By Moody's

access_timeMarch 25, 2020

New Delhi: The credit rating of Indiabulls Housing Finance (IHFL) has been downgraded with a negative outlook by global rating agency Moody’s. The in...

Crisis & Opportunity Come Together For Real Estate Market

access_timeMarch 24, 2020

As the real estate industry pins its hope on the recovery in sales, the year 2020 will prove to be decisive for the real estate sector The impact of...

Sobha Ltd Raises Rs 270 Cr By Issuance Of NCDs

access_timeMarch 23, 2020

New Delhi: Sobha Ltd has raised Rs 270 crore by issuance of Non Convertible Debentures (NCDs) on private placement basis. “We wish to inform that the...

Godrej Properties 100% Stake In Ceear Lifespace Developers Ltd

access_timeMarch 23, 2020

New Delhi: Godrej Properties Ltd (GPL) has acquired another real estate and construction firm Ceear Lifespaces Pvt Ltd (CLPL) and the latter has becom...

BSE Realty Index Crashes, DLF, Godrej Properties, Sunteck Bleed Through Nose

access_timeMarch 23, 2020

New Delhi: The BSE Realty Index has crashed a massive 11.12 percent or by 168.52 points and is currently at 1339.13 points in the morning trade. DLF...

DLF Issues 10,000 NCDs of Rs 10 Lakh Each

access_timeMarch 22, 2020

New Delhi: Realty player DLF Ltd has issued 10,000 Non-Convertible Debentures (NCDs) of the face value of Rs.10.00 lakh each raising Rs 1,000 crore in...

What Is Driving Consolidation In Larger Real Estate Markets?

access_timeMarch 21, 2020

In the past few years, several reforms, such as demonetization, the Real Estate (Regulation and Development) Act (RERA), Benami Transactions (Prohibit...

Co-working, Co-living To Be Severely Hit By Corona Virus Outbreak: Anuj Puri

access_timeMarch 20, 2020

Corona Virus outbreak could not have come at a worse time for the real estate industry which has been reeling under its own problems and dwindling for...

Three Pillars Of Working Remotely: Staying Connected, Staying Productive & Staying Healthy

access_timeMarch 19, 2020

As the world struggles to deal with a virus that the medical community has limited knowledge about, and in the middle of the COVID-19 pandemic, India...

D B Realty Defaults Big Time In Repayment To Yes Bank, HDFC Ltd

access_timeMarch 16, 2020

New Delhi: Mumbai-based D B Realty has defaulted in repayment of certain obligations to Yes Bank and HDFC Securities. The realty firm has defaulted i...

BSE Realty Index Tanks; DLF, Prestige Estates, Phoenix Mills, Sunteck Bleed Heavily

access_timeMarch 16, 2020

New Delhi: The BSE Realty Index has come down today by 109 points or 6.10 percent in the morning trade, following the general meltdown of the SENSEX....

Six Out of Top 10 Listed Realty Firms See Dip In Revenues For Q3

access_timeMarch 15, 2020

New Delhi: As many as six of the top 10 listed real estate developers in the country saw decline in total income for the third quarter (Q3) of the ong...

How Corona Virus Could Impact Real estate In India?

access_timeMarch 14, 2020

  Colliers International expects Corona Virus to impact various segments of real estate as follows: Co-working Spaces: Occupancy levels in flexible...

Realty Startup MultiLiving Raises Rs 44 Cr From Lodha Ventures

access_timeMarch 13, 2020

New Delhi: Real estate firm MultiLiving has raised about Rs 44 crore from Lodha Ventures, the investment arm of real estate player Lodha Group. Abhin...

BSE Realty Index Bludgeoned Again; DLF, Prestige Estates and Phoenix Mill Worst Affected

access_timeMarch 13, 2020

New Delhi: The mayhem at the stock markets is continuing today and the BSE Realty Index tanked 87.70 points or about 5 percent in the morning trade.  ...

BSE Realty Index Badgered, Prices of Prestige Estates Clobbered 20%, DLF 12%

access_timeMarch 12, 2020

New Delhi: The BSE Realty Index has witnessed biggest single day fall today as it closed at 1749.32, down 183.53 or about 9.5 percent from the previou...

BSE Realty Index Tanks, DLF Down 11%, Prestige Estates Down 15%

access_timeMarch 12, 2020

New Delhi: The BSE Realty Index has not been spared by the current rout in stax indices and the BSE Realty Index is down 8.46 percent in the opening h...

SBI Slashes MCLR By 15 Basis Points

access_timeMarch 11, 2020

New Delhi: State Bank of India has slashed marginal cost of fund-based lending rate (MCLR) by up to 15 basis points for various tenors. The overnight...

Union Bank of India Cuts MCLR By 10 Basis Points

access_timeMarch 10, 2020

New Delhi: Union Bank of India has cut its MCLR (marginal cost of funds-based lending rate) by 10 basis points for all tenors. The one year MCLR will...

Proptech Firm Goodlord Raises About 11.4 Mn Euros

access_timeMarch 10, 2020

New Delhi: Proptech startup Goodlord has announced raining about 11.4 million Euros in Series B funding. The funding has been secured from Finch Capi...

Yes Bank Owes Rs 662 Cr To Indiabulls Housing Finance Ltd

access_timeMarch 09, 2020

New Delhi: Troubled Yes Bank owes Rs 662 crore to Indiabulls Housing Finance Ltd (IHFL)  in forms of bonds, said IHFL in a regulatory filing. IHFL ha...

Proptech Firm Strata Raises USD 1.5 Mn

access_timeMarch 08, 2020

New Delhi: Proptech firm Strata has raised USD 1.5 million by SAIF Partners and Mayfield India as part of seed round. Tree angel investors and realty...

Majority Of Indian Realty Developers Will Bite Dust and Vanish In 3 Yrs: Anuj Puri

access_timeMarch 07, 2020

New Delhi: Four out of every five real estate developers in India will bite the dust and vanish from the industry in the next three years with really...

DLF Ltd Plans To Raise Rs 1,000 Cr Through NCDs

access_timeMarch 06, 2020

New Delhi: DLF Ltd is planning to raise Rs 1,000 crore through issue of non-convertible debentures.  The finance committee of the board of directors...

Lodha Grp's UK Subsidiary Raises USD 200 million

access_timeMarch 06, 2020

New Delhi: Mumbai-based Lodha group's subsidiary in United Kingdom has raised USD 200 million by issuing bonds in Singapore market.  The money will b...

Property Prices In Gurugram, Noida Down; Other Cities See Meager Growth In Last 5 Yrs

access_timeMarch 04, 2020

New Delhi: Property prices in Gurugram and Noida have gown down by 7 percent and 4 percent in the last years. The average price in Gugrugram stands at...

As An Emergency Move, US Fed Slashes Key Interest Rate By 50 bps Due To Coronavirus

access_timeMarch 03, 2020

New Delhi: The US Federal Reserve has slashed interest rates as an emergency on the back of the dangers posed by coronavirus.  In a statement, the ce...

Spaciya Advisors Raises Rs 3.5 Cr In Pre-series Round

access_timeMarch 03, 2020

New Delhi: Real estate consultancy firm Spaciya Advisors has raised Rs 3.5 crore in pre-series round from angel investor and serial entrepreneur Alok...

Unitech Ltd, HDIL Replaced By These Two Firms In BSE Realty Index

access_timeMarch 01, 2020

New Delhi: The Bombay Stock Exchange (BSE) has removed embattled realty firms Unitech Ltd and HDIL from its realty index and has included Mahindra Lif...

Provident Brand To Account For 87% Of Launch Pipeline of Puravankara Ltd

access_timeFebruary 29, 2020

New Delhi: Realty player Puravankara Ltd’s premium affordable housing brand now accounts for as much as 87 percent of the launch pipeline of the compa...

Mumbai To Be Biggest Market, Other Focus Cities Will Delhi NCR, Pune, Bengaluru For Godrej Properties

access_timeFebruary 27, 2020

New Delhi: Godrej Properties is coming up with new projects in Mumbai and hopes the financial capital of the country will be its biggest market soon w...

Coronavirus Could Dent Global Growth By USD 250 Billion: PHD Chamber

access_timeFebruary 27, 2020

New Delhi: The spread of Coronavirus could dent global growth by USD 250 billion which translates into 0.3 percentage points.  China has been able to...

NBCC’s Unsold Inventory Jumps To Rs 1,400 Cr Even As It Eyes 40% Revenue Increase In FY21

access_timeFebruary 26, 2020

New Delhi: State-run NBCC unsold inventory has risen to 1,400 crore at the end of third quarter of the current fiscal as compared to Rs 800 crore wort...

New Launches Down By More Than Half Of Top Realty Firms: ICRA

access_timeFebruary 25, 2020

New Delhi: The new launches of ten major listed real estate firms in the country has gone down by more than half in the first nine months of the curre...

Arihant Superstructures Ltd Appoints Sangeeta Ashokumar Chhajer As Director

access_timeFebruary 25, 2020

New Delhi: Arihant Superstructures Ltd has appointed Sangeeta Ashokumar Chhajer as the Woman Additional Director of the company for a period of 5 year...

Rs 3200 Cr Wadala Projects Slips Out Of NBCC’s Hands

access_timeFebruary 25, 2020

New Delhi: The residential project that NBCC has bagged in Wadala in Mumbai has slipped out of its hands and now CPWD will undertake the project. The...

Central Bank of India Plans To Get Out Of Home Financing Biz

access_timeFebruary 24, 2020

New Delhi: Central Bank of India plans to get out of home financing business by offloading its entire 64.40 percent equity its ‘Cent Bank Home Finance...

Three People Arrested In Gurugram For Property Fraud

access_timeFebruary 23, 2020

New Delhi: Three miscreants have been arrested in connection with property fraud by Gurugram Police. They had forged documents of plots worth about R...

Four Out Of Top Nine Realty Firms Witness Dip In Net Profit In Q3FY20

access_timeFebruary 22, 2020

New Delhi: The net profit of 4 out of the top 9 listed realty players dropped in the third quarter of the current fiscal as compared to the same quart...

Ambuja Cement’s MD&CEO Resigns, Neeraj Akhoury Takes Over

access_timeFebruary 21, 2020

New Delhi: Ambuja Cement’s MD&CEO Bimlendra Jha has resigned from his position with effect from February 20. Jha was appointed as MD&CEO on March 1,...

Yogesh Gauba Resigns As CEO Of Ansal Properties & Infrastructure

access_timeFebruary 21, 2020

New Delhi: Yogesh Gauba  has resigned as CEO of Ansal Properties & Infrastructure Ltd immediate effect because of health issues. "Yogesh Gauba, CEO &...

DHFL Posts Net Profit Of Rs 934 Cr For Q3FY20

access_timeFebruary 20, 2020

New Delhi: Dewan Housing Finance Corporation Ltd (DHFL) on Thursday reported a consolidated net profit of Rs 934.31 crore in the third quarter of the...

Co-working, Co-living & Student Housing Have 7-11% Higher Rental Yield Than 3% National Average

access_timeFebruary 20, 2020

New Delhi: Co-working, co-living and student housing are some real estate industry segments that have 7-11 percent higher rental yield than 3 percent...

Zvesta Raises USD 5.5 Mn From Hindustan Media Ventures Ltd

access_timeFebruary 19, 2020

New Delhi: Gurugram-based proptech start-up Zvesta has raised USD 5.5 million from Hindustan Media Ventures Ltd.  Zvesta will utilize the money for b...

Revenues Of Top Realty Firms Up 5%, New Launches Down To Half: ANAROCK

access_timeFebruary 19, 2020

New Delhi: The revenues from home sales of top listed real estate developers increased by 5 percent while new launches halved in the first nine months...

Rs 77,000 Cr Worth Of Homes Lying Unsold In Delhi NCR: Proptiger.com

access_timeFebruary 19, 2020

New Delhi: A total of one lakh houses worth Rs 77,000 crore is lying unsold in Delhi NCR markets because of the slowdown in the real estate industry....

Realty Industry Feels Leasing Activity Of Commercial Properties To Remain Strong

access_timeFebruary 17, 2020

New Delhi: The real estate industry feels that the commercial segment of the industry will continue to gorw ata healthy pace in the first half of 2020...

Sunteck Realty Sells 1,600 Flats Worth Rs 600 Cr In MaxxWorld

access_timeFebruary 17, 2020

New Delhi: Realty player Sunteck Realty Ltd has sold 1,600 apartments worth Rs 600 crore in about two weeks in the second phase of its project ‘MaxXWo...

Stress Fund For Realty Releases First Tranche Of Rs 540 Cr

access_timeFebruary 15, 2020

New Delhi: The stress fund created by government for the realty sector cleared the first tranche of investment. Of the Rs 25,000 crore stress fund, or...

Sunteck Realty Ltd’s Net Profit Drop 31% For Q3FY20

access_timeFebruary 15, 2020

New Delhi: Mumbai-based Sunteck Realty Ltd’s consolidated net profit dropped by about 31 percent to Rs 33.64 crore in the third quarter of the current...

Three In Every Four Millennilas Intend To Buy Property in Next 3 Yrs:Surevy

access_timeFebruary 15, 2020

New Delhi: Three in every four millennilas in India intend to purchase a property in the next three years, according to a survey conducted by property...

Pranav Ansal Secures Bail

access_timeFebruary 15, 2020

New Delhi: Pranav Ansal of Ansal properties and Infrastructure Ltd has secured bail and has been release from judicial custody. Ansal was first detai...

Embassy Office Parks REIT Clocks 16% Jump In Net Operating Income For Dec Quarter

access_timeFebruary 15, 2020

New Delhi: Country first REIT, the Embassy Office Parks REIT, has clocked 16 percent jump in net operating income for the quarter ended December 2019...

Puravankara Ltd’s Net Profit Drops 40% For Q3FY20

access_timeFebruary 14, 2020

New Delhi: Realty player Puravankara Ltd’s consolidated net profit dropped 40 percent to Rs 16.10 crore in the third quarter of the current fiscal as...

Parsvnath Developers Ltd’s Net Loss Widens To Rs 108 Cr For Q3FY20

access_timeFebruary 14, 2020

New Delhi: Realty player Parsvnath Developers Ltd’s consolidated net loss widened to Rs 108.53 crore in the third quarter of the current fiscal as com...

Ansal Properties & Infrastructure Ltd’s Net Profit At Rs 11.54 Cr For Q3FY20

access_timeFebruary 13, 2020

New Delhi: Ansal Properties & Infrastructure Ltd’s consolidated net profit stood at Rs 11.54 crore in the third quarter of the current fiscal as compa...

Ashiana Housing Ltd’s Suffers Net Loss Of Rs 7.11 Cr ForQ3FY20

access_timeFebruary 13, 2020

New Delhi: Realty player Ashiana Housing Ltd’s consolidated net loss stood at Rs 7.11 crore in the third quarter of the current fiscal as compared to...

Arihant Superstructures Ltd’s Net profit Drops 42% For Q3FY20

access_timeFebruary 13, 2020

New Delhi: Realty player Arihant Superstructures Ltd’s consolidated net profit dropped 42 percent to Rs 4.1 crore in the third quarter of the current...

Allahabad Bank Cuts MCLR By 5 Basis Points

access_timeFebruary 13, 2020

New Delhi: Allahabad Bank has reduced the MCLR by 5 basis points across most tenors. The new rates will be effective from 14th Ferbruary. The one-yea...

Omaxe Ltd’s Net Profit Drops 15% For Q3FY20

access_timeFebruary 13, 2020

New Delhi: Omaxe Ltd’s consolidated net profit dropped 15 percent at Rs 7.68 crore for the third quarter of the current fiscal as compared to Rs 9.04...

Dubai's Emaar Properties Sees 1.7% Drop In Net Profit

access_timeFebruary 13, 2020

New Delhi: Dubai's realty major Emaar Properties has witnessed 1.7 percent drop in its net profit for the fourth quarter, according to newswire Reuter...

NBCC's Net Profit Drops 36% For Q3FY20

access_timeFebruary 12, 2020

New Delhi: NBCC India Ltd’ consolidated net profit dropped 36 percent to Rs 55.54 crore for the third quarer of the current fiscal as compared to Rs 8...

Jaypee Infratech Ltd’s Net Loss Widens To Rs 427 Cr For Q3FY20

access_timeFebruary 12, 2020

New Delhi: Jaypee Infratech Ltd’s consolidated net loss widened to Rs 426.95 crore in the third quarter of the current fiscal as compared to Rs 347.92...

D B Realty’s Net Loss Widens To Rs 150 Cr For Q3FY20

access_timeFebruary 11, 2020

New Delhi: D B Realty’s consolidated net loss widened to Rs 149.52 crore for the third quarter of the current fiscal as compared to Rs 66.47 crore in...

Bank of Baroda To Cut MCLR By Up To 10 Basis Points

access_timeFebruary 11, 2020

New Delhi: Bank of Baroda is reducing its MCLR by up to 10 basis points from 12 February. The bank is reducing the one-year MCLR to 8.15 percent from...

Piramal Realty Clocks Sales Of Rs 200 Cr By Sale Of 300 flats In Thane Project

access_timeFebruary 10, 2020

New Delhi: Piramal Realty has clocked revenues of Rs 200 crore by sale of 300 flats in its project ‘Piramal Vaikunth’ in sunurban Mumbai. The project...

Indiabulls Real Estate Ltd’s Net Profit Nosedives 76% For Q3FY20

access_timeFebruary 10, 2020

New Delhi: Indiabulls Real Estate Ltd’s consolidated net profit nosedived more than 76 percent to Rs 49.27 crore in the third quarter of the current f...

Ansal Housing Ltd’s Net Profit Widened To Rs 9 Cr For Q3Fy20

access_timeFebruary 10, 2020

New Delhi: Ansal Housing Ltd’s consolidated net profit widened to Rs 9.04 crore in the third quarter of the current fiscal as compared to Rs 0.77 cror...

Homebuyers Write To Govt Panel Against Insolvency Code Amendment

access_timeFebruary 10, 2020

New Delhi: Homebuyers across the country, under the aegis of Forum for People’s Collective Efforts (FPCE) has written to a government panel objecting...

SBI, BoI, OBC And Canara Bank Reduce Lending Rates

access_timeFebruary 09, 2020

New Delhi: Home Loan EMIs are set to drop as a number of state-run banks have cut the lending rates. These reductions is in the range of 5-25 basis po...

Oriental Bank of Commerce Cuts MCLR By 5-10 Basis Points

access_timeFebruary 08, 2020

New Delhi: Oriental Bank of Commerce reduced its MCLR in the range of 5-10 basis points with effect from 10 February.  The one-year MCLR has not be c...

Bank of India Cuts MCLR By 10 Basis Points

access_timeFebruary 08, 2020

New Delhi: Bank of India has cut MCLR by 10 bps for maturities up to 6 months. The new rates will be applicable from 10 February. Bank Of India has c...

Nirma Grp Buys Plot For Rs 213 Cr In Ahmedabad

access_timeFebruary 08, 2020

New Delhi: Nirma Group has bought a 13,476 square metre plot in Ahemdabad for Rs 213 crore. This was one of the three plots being e-aunctioned by Ahm...

Canara Bank Cuts MCLR In 15-25 Basis Points Range

access_timeFebruary 08, 2020

New Delhi: Canara Bank has cut its MCLR (marginal cost of funds based lending rate) for loans and advances for all tenors in the range of 15-25 basis...

Mahindra Lifespace Developers’ MD & CEO Sangeeta Prasad Resigns

access_timeFebruary 08, 2020

New Delhi: Mahindra Lifespace Developers’ Managing Director and Chief Executive Officer Sangeeta Prasad has resigned from her position on 7th February...

Oberoi Realty's Net Profit Rises By 8% For Q3FY20

access_timeFebruary 07, 2020

New Delhi: Oberoi Realty Ltd’s consolidated net profit increased by about 8 percent to Rs 148.24 crore for the third quarter of the current fiscal as...

Kolte Patil Developers's Net Loss Narrows To Rs 14.32 Cr For Q3FY20

access_timeFebruary 07, 2020

New Delhi: Kolte Patil Developers Ltd’s consolidated net loss narrowed to Rs 14.32 crore for the third quarter of the current fiscal as compred to Rs...

Budget 2020 Has Long-term Focus To Bring Economic Growth: Colliers International

access_timeFebruary 07, 2020

New Delhi: Colliers International lauds India Budget 2020-21 for its objectives to work for ‘aspirational India’, ‘economic development for all’ and ‘...

Home Loans From SBI To Become Cheaper, MCLR Cut By 5 Basis Points

access_timeFebruary 07, 2020

New Delhi: Country’s largest bank SBI has made home and other loans cheaper as it has announced a 5 basis points reduction in its marginal cost of fun...

Ajmera Realty's Net Profit Drops 66% For Q3Fy20

access_timeFebruary 06, 2020

New Delhi: Ajmera Realty & Infra India Ltd’s consolidated net profit dropped 66 percent to Rs 6.44 crore for the third quarter of the ongoing fiscal a...

Home Loan Rates May Not Go Down Too Much As RBI keeps Repo Rate Unchanged

access_timeFebruary 06, 2020

New Delhi: The Reserve Bank of India has kept the Repo rate unchanged at 5.15 percent in its monetary policy committee held today. This has come as a...

Indiabulls Housing Finance Ltd’s Net Profit Declines 44% For Q3FY20

access_timeFebruary 06, 2020

New Delhi: Indiabulls Housing Finance Ltd’s consolidated net profit dropped 44 percent to Rs 546.87 crore for the third quarter of the current fiscal...

DLF Ltd’s Net Profit Jumps 24% For Q3FY20

access_timeFebruary 06, 2020

New Delhi: Realty player DLF Ltd’s consolidated net profit jumped 24 percent to Rs 414.01 crore for the third quarter of the ongoing fiscal as compare...

Brigade Enterprises Ltd Reports 32% Drop In Net Profit For Q3Fy20

access_timeFebruary 05, 2020

New Delhi: Bengaluru-based realty player Brigade Enterprises Ltd today reported a 32 percent drop in consolidated net profit at Rs 40.92 crore for the...

Colliers International Appoints Piyush Gupta As MD Of Capital Markets Biz

access_timeFebruary 05, 2020

New Delhi: Colliers International has appointed Piyush Gupta as the Managing Director of the Capital Markets business in India. Gupta has joined Coll...

Godrej Properties's Reports 44% Decline In Area Sold In Q3FY20

access_timeFebruary 04, 2020

New Delhi: Godrej Properties Ltd has reported a 44 percent decline in area sold in the third quarter of the current fiscal as compared to the same qua...

Puranik Builders, Montecarlo Receive SEBI Nod For IPO

access_timeFebruary 04, 2020

New Delhi: Mumbai-based Puranik Builders and construction company Montecarlo have received the SEBI’s  nod for their proposed initial public offering...

Godrej Properties's Net Profit Jumps 9% For Q3FY20

access_timeFebruary 03, 2020

New Delhi: Godrej Properties Ltd’s consolidated net profit increased 9.2 percent at Rs 45.5 crore in the third quarter of the current fiscal as compar...

Residents Of ‘Vipul Lavanya’ In Gurugram Protest Increase In Maintenance Fee

access_timeFebruary 03, 2020

New Delhi: Residents of a housing society  in Gurugram have complained to the local authorities against alleged sudden and arbitrary increase in maint...

Sobha Ltd's Net Profit Goes Up BY 5% For Q3FY20

access_timeFebruary 01, 2020

New Delhi: Bengaluru-based realty firm Sobha Ltd’s consolidated net profit increased by about 5 percent to Rs 73.2 crore for the third quarter of the...

"Not Much To Cheer About For Real Estate Industry In Budget 2020"

access_timeFebruary 01, 2020

The real estate industry has little to cheer about after today's Budget anoouncements. Here is a look at what some of the developers across the countr...

Real Estate Industry Did Not Get Much From Budget 2020: Developers

access_timeFebruary 01, 2020

The real esatte industry was quite hopeful of some relief measures from the Budget 2020 as it has been reeling under severe stress for many years but...

Real Estate Industry Has Mixed Reactions After The Budget

access_timeFebruary 01, 2020

The measures announced by the Union Finance Minister Nirmala Sitharaman Today in the Budget 2020 for the real estate industry has had mixed reactions...

Tax Holiday For Developers Of Affordable Housing Projects Extended By One Year

access_timeFebruary 01, 2020

New Delhi: Finance Minister Nirmala Sitharaman today extended benefits to the developers of affordable houses by giving them tax holiday of another ye...

LIC Housing Finance’s Net Profit Falls To Rs 602 Cr For Q3FY20

access_timeJanuary 30, 2020

New Delhi: LIC Housing Finance’s consolidated net profit fell to Rs 602.25 crore in the third quarter of the ongoing fiscal as compared to Rs 607.29 c...

Housing.com Launches Ad Campaign

access_timeJanuary 30, 2020

New Delhi: Property portal Housing.com has launched a campaign ‘Ghar Dhoondna Koi Inse Seekhe’  across television and digital platforms.  With an aim...

Sushil Gupta Resigns As CFO Of Orient Cement

access_timeJanuary 30, 2020

New Delhi: Sushil Gupta has resigned from the position of the Chief Financial Officer of Orient Cement with effect from January 29, 2020, due to his p...

Piramal Realty Appoints Head Of Construction Division

access_timeJanuary 30, 2020

New Delhi: Piramal Realty has appointed Hetal Joshi as President- Engineering, Procurement and Construction. Joshi will take care of multiple projects...

Uniplatform Tech Raises undisclosed amount from Frontline Strategy Funds

access_timeJanuary 29, 2020

New Delhi: Uniplatform Tech, a technology enabled B2B lead multiplier platform, has raised an undisclosed amount from Frontline Strategy Funds, SucSEE...

JLL To Launch App For Housing Societies

access_timeJanuary 29, 2020

New Delhi: Aimed at solving the problems of residential societies, property consultant JLL today announced the official launch of its first property m...

Real Estate Industry's Wish List For Union Budget

access_timeJanuary 29, 2020

The expectations from the Union Budget 2020-21 have never been higher, and real estate definitely has a comprehensive wish list. One expectation makin...

Mahindra Lifespace Developers's Net Profit Drops 90% For Q3FY20

access_timeJanuary 27, 2020

New Delhi: Mumbai-based Mahindra Lifespace Developers consolidated net profit dropped by a massive 90 percent at Rs 1.99 crore for the third quarter o...

Prestige Estates Projects Ltd's Net Profit More Than Trebles For Q3FY20

access_timeJanuary 24, 2020

New Delhi: The consolidated net profit of Bengaluru-based Prestige Estates Projects Ltd more than trebled at Rs 216.4 crore for the third quarter ende...

Credit Suisse Invests Rs 71.5 Cr In Indiabulls Housing Finance

access_timeJanuary 24, 2020

New Delhi: Brokerage firm Credit Suisse has invested Rs 71.5 crore in Indiabulls Housing Finance by purchasing 22,93,306 shares on 23 January 23. Cre...

PNB Housing Finance’s Net Profit Drops 22% For Q3FY20

access_timeJanuary 23, 2020

New Delhi: PNB Housing Finance’s net profit declined 22 percent at Rs Rs 237.02 crore in the third quarter of the current fiscal as compared to a net...

DHFL's Net Loss At Rs 6,640 Cr For Q2FY20

access_timeJanuary 23, 2020

New Delhi: the embattled home finance player DHFL registered a consolidated net loss of Rs 6,640.62 crore for the second quarter ended 30 September 20...

91Springboard, Google's Launchpad To Organise Event for Women Entrepreneurs

access_timeJanuary 23, 2020

New Delhi: Google Developers Launchpad and co-working player 91springboard have joined hands to host an event for women startup leaders across the cou...

Realty Industry Demands Single window Clearance, Liquidity From The Upcoming Budget

access_timeJanuary 23, 2020

The Union Budget to be presented by the government soon could announce some relief measures for the real estate industry which has seen slowdown for t...

CII Suggests 4-Point Program To Improve Liquidity For NBFCs, HFCs

access_timeJanuary 21, 2020

New Delhi: For enhancing the much required liquidity to Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs), the Confederatio...

Realty Industry Demands Tax, Other Sops From Govt In Upcoming Budget

access_timeJanuary 21, 2020

The Union Budget is just around the corner and the real estate industry is looking up to the government to provide some support by fiscal measures and...

Net Profit of Can Fin Homes Jumps 41% In Q3FY20

access_timeJanuary 20, 2020

New Delhi: The net profit of Can Fin Homes Ltd jumped 41 percent to Rs 106.6 crore for the third quarter ended 31st December of the ongoing fiscal as...

Prestige Estate Projects’ Subsidiary Picks Up 50% Stake In Lokhandwala DB Realty

access_timeJanuary 20, 2020

New Delhi: Realty player Prestige Estate Projects’ subsidiary, Prestige Falcon Realty Ventures has purchased 50 percent stake in Lokhandwala DB Realty...

Limit For Interest Deduction On Home Loans Should Be Hiked To Rs 5 Lakh:CII

access_timeJanuary 20, 2020

New Delhi: The limit for interest deduction on home loans should be enhanced to Rs 5 lakh per annum from the present Rs 2 lakh, the Confederation of I...

SEBI Specifies Rules For Rights Issue Of Units By REITs, InvITs

access_timeJanuary 19, 2020

New Delhi: After allowing REITs in the country last year, SEBI has now come up with a framework for the rights issue of units by REITs and InvITs whic...

Ajmera Realty Forms New Subsidiary For Wadala Commercial Project

access_timeJanuary 17, 2020

New Delhi: Mumbai-based Ajmera Realty & Infra India Ltd (ARIIL) has demerged from itself Radha Raman Dev Ventures Pvt Ltd (RRDVPL). RRDVPL will now u...

Sentiments Of Real Estate Industry Now Positive

access_timeJanuary 14, 2020

New Delhi: The sentiments among the stakeholders of the real estate industry has come back on positive territory after two consecutive quarters. The R...

Godrej Properties Board Meeting On Feb 3

access_timeJanuary 13, 2020

New Delhi: The Board of Godrej Properties Ltd will meet on 3 February to approve the results of the December quarter, the company said in a regulatory...

Oriental Bank of Commerce Cuts MCLR By15 Basis Points

access_timeJanuary 10, 2020

New Delhi: Oriental Bank of Commerce has slashed the marginal cost of funds based lending rate (MCLR) by up to 15 basis points for various tenors by f...

NBCC Secures Biz Worth Rs 1,090.53 Cr In December

access_timeJanuary 09, 2020

New Delhi: NBCC Ltd has secured business worth Rs 1,090.53 crore during  December, 2019, the company said in a regulatory filing.

Mumbai Pips Hyderabad To Become Showstopper For PE Funding In Real Estate Sector

access_timeJanuary 08, 2020

New Delhi: Mumbai unseated Hyderabad as showstopper in 2019 when to came to attracting highest private equity (PE) funding in the real estate industry...

Bank of Maharashtra Cuts MCLR By 45 Basis Points

access_timeJanuary 07, 2020

New Delhi: Bank of Maharashtra has cut marginal cost of funds based lending rates (MCLR) by up to 45 basis points across various tenors with effect fr...

Top 5 Real Estate Trends To Watch Out For In 2020

access_timeJanuary 06, 2020

1 Stalled Housing Projects May See Light Of The Day Arguably the most awaited trend that is expected to unfold in 2020 is the resumption of work on s...

Sobha Ltd Appoints Srivathsala Kanchi Nandagopal As Additional Director

access_timeJanuary 06, 2020

New Delhi: Sobha Ltd has appointed Srivathsala Kanchi Nandagopal as Additional Director in the capacity of Non Executive Independent Director with eff...

Kamran Rizvi Appointed Government Nominee Director On Board Of NBCC

access_timeJanuary 06, 2020

New Delhi: Kamran Rizvi, Additional Secretary (D&UT), Ministry of Housing and Urban Affairs has been appointed as Government Nominee Director on the B...

HDFC Ltd Slashes Benchmark Lending Rates By 5 Basis Points For Home Loans

access_timeJanuary 04, 2020

New Delhi: HDFC Ltd has cut benchmark lending rates by 5 basis points for the new as well as existing borrowers of home loan.  "HDFC reduces its Reta...

2019: The Year Of Dramatic Chases, Arrests, Escapes, Re-Arrests Of Builders

access_timeDecember 29, 2019

New Delhi: The year 2019 will be probably be most remembered for the kind of drama unfolded on the regulatory front in the real estate industry, espec...

Pradhan Mantri Awas Yojana-Urban (PMAY-U) Entails Investment Of Rs 5.7 Lakh Cr

access_timeDecember 27, 2019

New Delhi: The Pradhan Mantri Awas Yojana-Urban (PMAY-U) will entail an investment of Rs 5.7 lakh crore and the central assistance in the programme wi...

Singapore's GIC Investing Rs 430 Cr In Prestige Estates

access_timeDecember 26, 2019

New Delhi: GIC of Singapore is investing Rs 430 crore in Bengaluru-based realty player Prestige Estates by way of preferential issue of equity shares....

NAREDCO, GRIHA Join Hands To Promote Green Buildings

access_timeDecember 25, 2019

New Delhi: With an objective to promote green buildings in the country, the National Real Estate Development Council (NAREDCO) has inked a Memorandum...

Loans Worth Rs 60,000 Cr Given To Mumbai Developers Unlikely To Be Recovered

access_timeDecember 23, 2019

New Delhi: Around Rs 60,000 crore worth of loans given to the developers of Mumbai by banks and NBFCs are severely stressed, according to ANAROCK Prop...

Indiabulls Real Estate Ltd To Sell Gurugram, Mumbai Properties To Blackstone For Rs 810 Cr

access_timeDecember 23, 2019

New Delhi: Indiabulls Real Estate Ltd (IBREL) has signed agreements with Blackstone Group to sell its commercial projects in Gurugram and Mumbai for a...

2019: A Year Of Hope And Despair For Real Estate

access_timeDecember 17, 2019

The year 2019 has been a tale of hope and despair simultaneously for the real estate sector. While it witnessed the successful launch of India’s first...

Knight Frank India Appoints Srinivas Anikipatti As Senior Director, Tamil Nadu & Kerala

access_timeDecember 16, 2019

New Delhi: Knight Frank India has appointed Srinivas Anikipatti as the Senior Director, Tamil Nadu & Kerala.  Srinivas will take care of investments,...

Delhi-Mumbai, Which Is A Stronger Real Estate Destination

access_timeDecember 16, 2019

The nation’s financial capital or the seat of power and politics - Delhi or Mumbai. Which is the better city to live, travel or invest in? There is no...

Allahabad Bank Reduces MCLR By 5 Basis Points

access_timeDecember 13, 2019

New Delhi: Allahabad Bank has reduced its MCLR by 5 basis points for all tenors.  The one-year MCLR has been reduced to 8.30 percent from 8.35 percen...

Godrej Properties Adds 4 Projects In Mumbai, Bengaluru With Total Developable Area Of 12.70 mn sq ft

access_timeDecember 12, 2019

New Delhi: Mumbai-based Godrej Properties will develop four new projects in Mumbai and Bengaluru with a total developable area of 12.70 million sq ft....

The Severe Impact Of Climate Change On Real Estate

access_timeDecember 11, 2019

Sea levels across the world are rising as the climate gets warmer and glaciers and ice sheets melt at an alarming rate. Global warming and the reality...

SBI, Bank of Baroda, Union Bank, UCO, Bank of India, HDFC Cut Lending Rates, Home and Other Loans To Get Cheaper

access_timeDecember 11, 2019

New Delhi: Despite the Reserve Bank of India keeping the Repo Rate unchanged in its latest review of the monetary policy, the commercial banks seem to...

Luxury Property Prices In Mumbai Likely To Fall Next Year

access_timeDecember 10, 2019

New Delhi: The prices of luxury homes in Mumbai are expected to go down by 1 percent next year, according to a report by property consultant Knight Fr...

SBI, Bank of India, HDFC Reduce Lending Rates, Home and Other Loans To Become Cheaper

access_timeDecember 10, 2019

New Delhi: There is good news for homebuyers who wish to take home loans. A number of government and private banks have just reduced MCLR rates, there...

Mumbai’s Dombivli Ranks 1st Among Top 10 Most Active Residential Micro-markets

access_timeDecember 09, 2019

New Delhi: Mumbai’s Dombivli has ranked 1st among the top 10 most active residential micro-markets in the country, based on the number of new houses l...

SBI Makes Home and Other Loans Cheaper

access_timeDecember 09, 2019

New Delhi: State Bank of India (SBI) has announced cutting its marginal cost of fund based lending rate (MCLR) by 10 basis points across all one-year...

Sunteck Realty's New Sales Bookings Drops 52% in H1FY20

access_timeDecember 07, 2019

New Delhi: Mumbai-based Sunteck Realty Ltd’s new sales bookings for the first half of the current fiscal dropped 52 percent to Rs 287.4 crore as compa...

Residential Property Prices Falling In Delhi NCR

access_timeDecember 06, 2019

New Delhi: The prices of under construction houses across all micro-markets in Delhi NCR are showing a decreasing trend, according to the data compile...

Real Estate Industry Disappointed After RBI Keeps Repo Rate Unchanged

access_timeDecember 05, 2019

New Delhi: The Reserve Bank of India (RBI) has kept the Repo Rate unchanged at 5.15 percent in its monetary policy review today, dashing hopes for fur...

Ansal Housing Ltd Sells Its Subsidiary

access_timeDecember 03, 2019

New Delhi: Ansal Housing Ltd has sold its wholly owned subsidiary Enchant Constructions Private Ltd. The subsidiary has been purchased by M G Chemoil...

Kolte Patil Pays Rs 70 Cr As Second Tranche To ICICI Venture

access_timeDecember 03, 2019

New Delhi: Pune-based Kolte-Patil Developers Ltd (KPDL) has paid Rs 70 crore in second tranche to buy out ICICI Ventures Funds Management Company Ltd’...

Rs 1 lakh Cr Lent By Banks, NBFCs To Realty Firms Under Severe Stress

access_timeDecember 02, 2019

New Delhi: About Rs 1 lakh crore of the money lent by the banks and NBFCs to the real estate companies is currently facing severe stress, according to...

This Listed Realty Player Plans 4x Expansion Of Its Office Portfolio, 2x Expansion Of Its Retail Assets

access_timeNovember 30, 2019

New Delhi: Despite sluggishness real estate market across the country, Mumbai-based realty player Phoenix Mills Ltd plans major expansion across the c...

DeMo, RERA, GST Has Made Delhi NCR Realty Passive; Property Prices Knocked Down 3% In Last 3 Years

access_timeNovember 29, 2019

New Delhi: Various reforms introduced by the government like Demonetization, RERA and GST has made the real estate market in Delhi NCR passive and the...

Can Severe Pollution In Delhi NCR Hit Real Estate Prices In The Region?

access_timeNovember 28, 2019

New Delhi: Delhi has consistently ranked as the most polluted city in the world in the last several years and about half residents of Delhi NCR in a r...

With A Slew Of Project Launches Lined Up, Godrej Properties Expects This Fiscal To Be Better Than The Last One

access_timeNovember 28, 2019

New Delhi: Mumbai-based Godrej Properties hopes the current financial year will be better than the last one as it has plans to launch quite a few proj...

SBP Grp To Invest Rs 930 Cr As It Plans Expansion In North India

access_timeNovember 27, 2019

New Delhi: Realty player SBP Group plans to invest Rs 930 crore in the next 2-3 years as it expands in various North Indian cities and also forays int...

Even After DeMo, Cash Still Rules The Roost In Realty Deals

access_timeNovember 27, 2019

New Delhi: Even three years after DeMo – India’s surgical strike against black money - up to 30% of the total transaction value on the secondary (resa...

Now A Portal To Track Subsidy Applications For PMAY-U

access_timeNovember 25, 2019

New Delhi: Government has launched a CLSS Awas Portal through which homebuyers seeking to get housing subsidy under the Pradhan Mantri Awas Yojna (PMA...

Rentals In Khan Market In Delhi Among World's Highest

access_timeNovember 25, 2019

New Delhi: Delhi’s Khan Market has emerged as the one of the most expensive destinations in the world in term of rentals. The market has an annual ren...

Second Home Purchase By Indians Likely To Go Down When Aadhar-Property Linkage Becomes Mandatory

access_timeNovember 25, 2019

New Delhi: Then whispers of a law making it mandatory for individuals to link their property with their Aadhar cards is getting louder and, if and whe...

DB Realty Increases Stake In Its Subsidiary

access_timeNovember 22, 2019

New Delhi: DB Realty Ltd has increased its stake in its subsidiary DB (BKC) Realtors Pvt Ltd to 66.35 percent from the existing 57.17 percent. DB Rea...

Amid Severe Sluggishness In Realty Sector, This Builder To Come Up With IPO To Raise Rs 1,000 Cr

access_timeNovember 21, 2019

New Delhi: Amid difficult times and severe liquidity scenario for the real estate sector, builders are looking at different ways to get money. But Ini...

Demand Of Builders To Bar Single Homebuyer To Approach NCLT "Illegal":FPCE

access_timeNovember 20, 2019

New Delhi: The appeal of the realty players to amend the provisions of the Insolvency and Bankruptcy Code (IBC) so as to have consent of a certain per...

Mumbai Will Take Lions's Share Of Rs 25,000 Cr Stress Fund; Over Half Of Delayed Projects In Maximum City

access_timeNovember 20, 2019

New Delhi: New Delhi: The newly announced stress fund of Rs 25,000 crore would be most beneficial to the Mumbai real estate market as the city has mor...

Int On Promoters' Loan Cut by Arihant Superstructures Owning To "Tough Environment"

access_timeNovember 20, 2019

New Delhi: Difficult times in the real estate market has caused real estate firm Arihant Superstructures Ltd (ASL) to cut interest rate on the loans g...

NBCC Receives Tender For Another 1,000 Amrapali Flats

access_timeNovember 19, 2019

New Delhi: NBCC Ltd has got a tender for completing 1,000 apartments in certain projects in beleaguered realty firm Amrapali Group, even as the state...

NBCC Will Invest Its Own Capital In Jaypee Infra Projects, Proposes Rs 120 Cr In First Tranche

access_timeNovember 19, 2019

New Delhi: State-run NBCC Ltd will not take up Jaypee Infra on project management consultancy (PMC) basis but will invest its own capital to construct...

Godrej Properties Sees 44% Jump In Booking Value Of New Area Sales In H1FY20

access_timeNovember 19, 2019

New Delhi: Godrej Properties has recorded a 44 percent jump in booking value of the new area sales in the first half of current fiscal as compared to...

Prestige Estates Acquires 29% In DB Realty’s Mumbai Project

access_timeNovember 19, 2019

New Delhi: Real estate player Prestige Estates Projects Ltd (PEPL) has bought a 29 percent stake in a DB Realty’s commercial project in Mumbai. Prest...

Arihant Superstructures Acquires Land In Taloja For Affordable Project

access_timeNovember 18, 2019

New Delhi: Realty firm Arihant Superstructures Ltd (ASL) has acquired 2 acre plot in Taloja (near Mumbai) and plans to launch an affordable housing pr...

Value of Work In Amrapali Projects Is RS 8,361 Cr: NBCC

access_timeNovember 18, 2019

New Delhi: NBCC has informed stock exchanges that value of the work to be completed in Amrapali Group projects is estimated at Rs 8,361 crore.  

Pune, Chennai, Kolkata See Drop In Unsold Property Stock

access_timeNovember 16, 2019

New Delhi: The stock of unsold residential property in various cities has been declining gradually. In Pune, the unsold stock of property has will tak...

Maharashtra Has Maximum RERA Registered Projects: ANAROCK

access_timeNovember 15, 2019

New Delhi: The real estate industry in the country is slowly coming to terms with RERA and more and more projects and agents are getting registered wi...

Indian Industry Welcomes Investment By UAE In Smart Cities, Infra

access_timeNovember 15, 2019

New Delhi: The Smart Cities programme of the Indian government presents huge business opportunity for UAE and the gulf country must come forward to ta...

Unsold Stock Of Houses In Top Cities Will Take 30 Months To Clear : ANAROCK

access_timeNovember 13, 2019

New Delhi: Despite the sluggishness in the residential real estate market Mumbai, the stock of unsold property in the top seven cities of the country...

Net-worth Negative Realty Projects Must Be Turned In To Positive By Attaching Personal Assets Of Builders: Homebuyers' Body

access_timeNovember 13, 2019

The government has announced setting up of Rs 25,000 crore Alternaive Investment Fund (AIF) to provide financial help to stuck residential real estate...

Brisk Sales Of Residential Property This Diwali

access_timeNovember 11, 2019

New Delhi: After a longish lull in the residential real estate market, there was some respite for the developers as the sales jumped in double digit f...

Sales of Homes In Gurugram, Noida Reduced To Half In Q2FY20: Proptiger.com

access_timeNovember 11, 2019

New Delhi: Sales of residential property in Gurugram and Noida, two of the prime real estate markets in the country, were down 47 percent in the secon...

Sunteck Issues Commercial Papers With Rs 25 Cr Value

access_timeNovember 10, 2019

New Delhi: Sunteck Realty Ltd has issued commercial papers of Rs 25 crore offering interest of 8.25 percent per annum. The commercial papers have been...

Homebuyers Urge PM Modi To Include Non-RERA Projects For Financial Help From AIF

access_timeNovember 09, 2019

New Delhi: Homebuyers have asked the Prime Minister Narendra Modi to make changes in the conditions of the Alternate Investment Fund (AIF)  announced...

Jaypee Infratech’s Net Loss Widens To Rs 434.52 Cr For Q2FY20

access_timeNovember 08, 2019

New Delhi: Jaypee Infratech’s net loss has widened to Rs 434.52 crore for the second quarter of the current financial year as compared to Rs 368.16 cr...

SBI Lowers MCLR By 5 Basis Points, Home Loans To Become Cheaper

access_timeNovember 08, 2019

New Delhi: State Bank of India (SBI) today announced cutting down its SBI MCLR or marginal cost of fund based lending rate by 5 basis points for all t...

Rs 25,000 Cr Insufficient; Rs 35,000-45,000 Cr Needed To Complete Eligible Stuck Housing Projects: ICRA

access_timeNovember 08, 2019

The Alternate Investment Fund (AIF) of Rs 25,000 crore announced by the government for the realty sector may be insufficient to complete the 4.58 lakh...

All The Frequently Asked Questions & Their Answers For Rs 25,000 Cr Fund For Realty Sector

access_timeNovember 07, 2019

In a big relief to the money-starved real estate sector in the country, the government plans to set up an Alternate Investment Fund (AIF) of Rs 25,000...

Indiabulls Housing Finance's Net Profit Dips 32% at Rs 702 Cr in Q2FY20

access_timeNovember 06, 2019

New Delhi: Indiabulls Housing Finance Ltd’s net profit dropped 32 percent at Rs 702.18 crore in the second quarter of the current financial year as co...

Indiabulls Real Estate Ltd Sells Off London Property For Rs 1,830 Cr

access_timeNovember 03, 2019

New Delhi: As parts of its plan to reduce debt, Indiabulls Real Estate Ltd (IREL) has sold off its property in London to a firm owned by its promoters...

GIC Housing Finance's Net Loss Rs 9.97 Cr for Q2FY20

access_timeNovember 02, 2019

New Delhi: The net loss of GIC Housing Finance stood at Rs 9.97 crore for the second quarter (Q2) of the current fiscal 2019-20 as against a profit of...

New Financing Options for Self-redevelopment Of A Property

access_timeNovember 01, 2019

New Financing Options for Self-redevelopment In a bracing and timely new trend, progressive consultancies offering specialised services and financial...

CBRE To Provide Real Estate Services To Novartis

access_timeOctober 31, 2019

New Delhi: Real estate consultancy CBRE has been appointed as the exclusive provider of international real estate services for pharmaceutical major No...

How Can An NRI Invest In Indian Real Estate

access_timeOctober 29, 2019

There are a number of NRIs living in different parts of the world and want to invest in the Indian real estate market but they are often hesitant to d...

Home Buyers, Industry Express Concern On Delay In Setting Up Stress Fund For Realty

access_timeOctober 27, 2019

New Delhi: A stress fund for the real estate sector, which was announced last month by Finance Minister Nirmala Sitharaman, can bring some relief to t...

Hyderabad, Kolkata See Massive Drop In Homes Sales In Q3, 2019

access_timeOctober 26, 2019

New Delhi: With a slowdown in the economy and job prospects remaining bleak for quite some time in the country, the sales of housing properties have g...

PE Investment In Indian Real Estate Market Jumps 19%

access_timeOctober 25, 2019

New Delhi: The private equity (PE) investment in the Indian real estate market jumped nearly 19 percent to USD 3.8 billion in the first nine months of...

PNB Housing Finance Ltd’s Net Profit Jumps 45% At Rs 366.8 Cr For Q2FY20

access_timeOctober 24, 2019

New Delhi: PNB Housing Finance Ltd’s net profit jumped 45 percent at Rs 366.8 crore in the second quarter of the current fiscal as compared to Rs 253...

Government To Regularise 1797 Unauthorised Colonies Of Delhi

access_timeOctober 24, 2019

New Delhi: With Delhi assembly elections close by, the central government has legalized 1797 unauthorized colonies in Delhi which will make it possibl...

Number Of Homes Sold Goes Up 13% In First 9 Months Of 2019: ANAROCK

access_timeOctober 23, 2019

New Delhi: Despite the NBFC crisis looming large over the realty industry for over a year now, there has been a 13 percent increase in the number of h...

Mahindra Lifespace Developers Net Profit Tanks 63% At Rs 15 Cr For Q2FY20

access_timeOctober 23, 2019

New Delhi: Realty firm Mahindra Lifespace Developers net profit declined by a whopping 63 percent for the second quarter at Rs 15.04 crore as compared...

HDIL Appoints Knight Frank To Value 40 Properties Secured With PMC Bank

access_timeOctober 22, 2019

New Delhi: Beleaguered realty firm HDIL has appointed property consultant Knight Frank to conduct valuation of the 40 properties that it has secured w...

LIC Housing Finance Ltd Net Profit Jumps 36% For Q2FY20

access_timeOctober 20, 2019

New Delhi: LIC Housing Finance Ltd’s consldated net profit jumped 36.4 percent at Rs 767.9 crore for the second quarter ended 30th September, 2019. Th...

Project Registrations With RERA Up 40%

access_timeOctober 20, 2019

New Delhi: There has been a 40 percent jump in project registration with various RERA authorities in the country in the last one year. About 45,307 pr...

New Launches Of Residential Projects Down 13% In Latest Quarter

access_timeOctober 19, 2019

New Delhi: The number of new residential properties launched in third quarter (Q3) of 2019 went down by almost 13 percent as compared to the same quar...

Not Being In Growing Real Estate Business Segments Is A “Threat” For Parsvnath Developers Ltd

access_timeOctober 17, 2019

New Delhi: Realty firm Parsvnath Developers Ltd considers it as a “threat” for itself that while the real estate industry is moving towards new segmen...

Ansal API, Supertech, Parsvnath & Logix Emerge As Developers Against Which Most Complaints Received By UP-RERA

access_timeOctober 16, 2019

New Delhi: Ansal Properties and Infrastructure Ltd, Supertech Ltd, Parsvnath Developers Ltd and Logix City Developers have emerged as developers again...

Most Complaints Received By UP-Rera Are From Delhi NCR-based Projects

access_timeOctober 15, 2019

New Delhi: Even though the number of projects registered with UP-RERA in Delhi NCR (primarily Gautam Budh Nagar and Ghaziabad) and the rest of the sta...

No Increase In House Prices in Noida In 4 Yrs

access_timeOctober 14, 2019

New Delhi: The prices of residential property have remained almost the same in Noida in the last four years or so. The prices of under construction re...

WeWork Entering Noida Market With 3900 Co-working Seats

access_timeOctober 13, 2019

New Delhi: Co-working space provider WeWork is entering the Noida market in Delhi NCR in major way and plan to have 3900 seats spread over three facil...

Average Size Of Deals In Co-working Segment Going Up: JLL

access_timeOctober 12, 2019

New Delhi: The average size of deals in co-working segment of real estate sector increased from 37,000 sq ft in 2017 to 52,000 sq ft in 2018. It furth...

Bank Of Maharashtra Cuts MCLR Rate By 10 Basis Points: Home Loans To Become Cheaper

access_timeOctober 10, 2019

New Delhi: Bank of Maharashtra has reduced its marginal cost of funds based lending rates (MCLR) by 10 basis points across tenors, it said in a regula...

Trust Among Home Buyers Low But Projects of Brands Like Tata, Mahindra, Godrej, Shapoorji, DLF Are Selling: Deepak Parekh

access_timeOctober 10, 2019

New Delhi: Owing to default and non-completion of projects by developers, the confidence among the homebuyers across the country has been dented and p...

Realty Sector Likely to Get USD 50 billion in 2019 As Institutional Investment :JLL

access_timeOctober 10, 2019

New Delhi: Real estate sector in India will get USD 50 billion in the current calendar year as institutional investment, said JLL in a report. This wi...

P K Gupta Appointed As CMD Of NBCC Ltd

access_timeOctober 10, 2019

New Delhi: State owned construction company NBCC Ltd has appointed P K Gupta as its Chairman & Managing Director (CMD). He replaces Shiv Das Meena who...

SBI Cuts MCLR By 10 Basis Points, Home Loans To Get Get Cheaper

access_timeOctober 09, 2019

New Delhi: After the Reserve Bank of India (RBI) cut Repo Rate earlier this month, State Bank of India (SBI) has announced reduction of 10 basis point...

Share Prices Of Housing Finance and Realty Cos Down Sharply Today

access_timeOctober 07, 2019

New Delhi: Share prices f some of the housing finance companies and some real estate companies tanked today with Dewan Housing Finance Ltd (DHFL) lead...

RBI Cuts Repo Rate by 25 Basis Points, Home Loans May Get Cheaper

access_timeOctober 04, 2019

New Delhi: As widely expected by economists and others, the Reserve Bank of India cut Repo Rate by 25 basis points today to spur boost spending and re...

Govt Cuts Interest Rate on House Building Advance To Spur Housing Sales

access_timeOctober 03, 2019

New Delhi: Aiming towards creating more demand for residential real estate, the government today lowered the interest rate on House Building Advance p...

DLF Pays Rs 8,700 Cr To JV Firm To Settle Dues

access_timeOctober 03, 2019

New Delhi: DLF Ltd has cleared all the dues amounting to Rs 8.700 crore towards its joint venture company DLF Cyber City Developers Ltd (DCCDL) by way...

Residential Property Prices Remain Same In The Last One Year

access_timeOctober 02, 2019

New Delhi: Residential property prices in the top seven cities have largely remained the same in the third quarter (Q3) of the current calendar year a...

NoBroker.com Raises USD 50 Mn

access_timeOctober 02, 2019

New Delhi: Real estate startup NoBroker.com has raised USD 50 million in its Series D funding. This round of funding was led Tiger Global Management a...

Share Prices Of Indiabulls Housing Finance Tanks 34%

access_timeSeptember 30, 2019

New Delhi: The share price of Indiabulls Housing Finance Ltd tanked a massive 34 percent today to close at Rs 255.50. The company was to be merged wit...

Affordable Homes Shrinking In Size. What’s The Average In Your City?

access_timeSeptember 28, 2019

New Delhi: The average sizes of all residential units have gradually been going down across all categories in the big cities of the country. Affordabl...

Delhi And Mumbai Have Opposite Age Profiles Of Home Buyers

access_timeSeptember 25, 2019

New Delhi: When it comes to age profile of home buyers in the country, Delhi and Mumbai have exactly opposite trends. In Delhi, about 37 percent home...

This Realty Startup Secures USD 20 Million Funding Amid Sluggish Market

access_timeSeptember 19, 2019

New Delhi: At a time when there is an overall slowdown in the economy and sluggishness in the real estate sector, Gurugram-based property brokerage fi...

Are You Really Buying RERA Registered Property Or Has The Builder Fudged RERA Registration?

access_timeSeptember 18, 2019

New Delhi: You may be thinking that you are buying a property in a project that is RERA registered since the builder has provided RERA registration nu...

Ajnara Ltd Will Invest Rs 300 Cr In Mixed Use Project In Ghaziabad

access_timeSeptember 17, 2019

New Delhi: Realty firm Ajnara India will invest Rs 300 crore in its mixed use project ‘Ajnara Fragrance’ at Raj Nagar Extension (RNE) in Ghaziabad, it...

DLF Sells Land Parcel To AMEX In Gurugram At Rs 32 Cr Per Acre

access_timeSeptember 16, 2019

New Delhi: Realty player DLF Ltd has sold a 9-acre land parcel in Gurugram to American Express (India) Pvt. Ltd at the rate of Rs 32 per acre, it said...

Real Estate Brokers Beware! Two Agents In Maharashtra Fined For Selling Unregistered Projects

access_timeSeptember 11, 2019

New Delhi: Agents selling real estate projects that are not registered with RERA authorities can land in trouble. In a suo motu case, the Maharashtra...

Cheaper Home Loans: SBI Cuts MCLR By 10 Basis Points

access_timeSeptember 09, 2019

New Delhi: Home and other loans from State Bank of India (SBI) are set become cheaper. The largest lender in the country has announced a 10 basis poin...

Share Of NBFC/HFC Financing To Realty Developers At All Time High Of 56% In FY19

access_timeSeptember 07, 2019

New Delhi: The share of money lent to realty developers by NBFCs and HFCs as compared to banks has been going up steadily over the years in the countr...

NBCC Saddled With Rs 800 Cr Worth Of Unsold Real Estate Inventory

access_timeSeptember 04, 2019

New Delhi: State-run construction company NBCC Ltd, which mostly undertakes projects on commission basis, is saddled with its own unsold real estate i...

Data Industry to Double by FY21-22, Fuel Growth Of Data Centres: JLL-CII

access_timeSeptember 02, 2019

New Delhi: The data industry in the country is estimated to double by financial year 21-22 from the last fiscal, fuelling growth of data centres, says...

Share Of Co-working In Overall Office Leasing At All Time

access_timeSeptember 01, 2019

New Delhi: The share of co-working spaces in the overall leasing activity of offices in the country has continuously been rising for the past few year...

Three Bengaluru-based Real Estate Biggies To Join Coliving Band Wagon

access_timeAugust 31, 2019

New Delhi: Three Bengaluru-based realty players- Brigade Group, Embassy Group and Puravankara Ltd are entering the co-living business and have grand p...

Brigade Group Plans To Double Area Under Lease In Current Fiscal

access_timeAugust 30, 2019

New Delhi: Aiming big for the lease rental business, Bengaluru-based real estate firm Brigade Group plans to double the area under lease to about 6 mi...

Indiabulls Housing Finance To Be Replaced By Nestle India From Nifty 50 Index

access_timeAugust 28, 2019

New Delhi: Indiabulls Housing Finance Ltd will be replaced by Nestle India Ltd in the benchmark Nifty 50 Index from 27th September. Similar change wil...

Real Estate To Play Major Role In Making India USD 10 Tr Economy By 2030: Minister

access_timeAugust 27, 2019

New Delhi: India will become a USD 10 billion economy in the next 10 years, said Hardeep Singh Puri, Minister of State for Housing and Urban Affairs t...

Govt To Infuse Rs 20,000 Cr More In HFCs

access_timeAugust 24, 2019

New Delhi: To provide additional liquidity in the market and help sales of residential property, government will infuse another Rs 20,000 in housing f...

Home Loans To Get Cheaper, Solution For Stuck Housing Projects Next Week: FM

access_timeAugust 24, 2019

New Delhi: Loans for homes and other products well get cheaper soon as banks will pass on the benefits of recent RBI rate cuts to the borrowers by way...

Mayhem For Realty Stocks Today

access_timeAugust 22, 2019

New Delhi: It was mayhem for realty stocks today at the stock markets. The S&P BSE Realty index tanked more than six percent with DLF stock price plun...

Institutional Investments In Indian Realty At Rs 1,40,000 Cr During 2014-2018: Report

access_timeAugust 21, 2019

New Delhi: Institutional investments in the Indian real estate sector have more than trebled Rs 1,40,000 crore during 2014-2018 as against Rs 46,500 c...

Home Buyers Urge PM Modi To Smoothen RERA's Journey, Punish Errant Builders

access_timeAugust 20, 2019

New Delhi: Home buyers have urged Prime Minister Modi to strengthen the RERA Act across the country by holding a meeting of all state governments so t...

KP Singh resigns as DLF's whole-time director, remains non-executive chairman

access_timeAugust 20, 2019

New Delhi: KP Singh of DLF Ltd has stepped down as whole-time director of the company. However, he will continue to be its non-executive chairman. DLF...

Harried Home Buyers Write To PM Modi For Resolution To Realty Mess In The Country

access_timeAugust 19, 2019

New Delhi: Fed up with inordinate delays in getting possession of their properties, home buyers have now pinned their hope on the Prime Minister Modi...

Realty Projects To Get Environmental Clearance Within 60 Days :Javadekar

access_timeAugust 19, 2019

New Delhi: The government will give environmental clearance to a real estate project within 60 days of application and making other procedural simplif...

Nearly 294 Million Sq Ft Office Property May Be Tied To REITs

access_timeAugust 19, 2019

New Delhi: About 294 million sq ft office property in the country may be tied to REITs in the near future and has the potential to create great value...

Rami Kaushal Appointed As CBRE's Head of Valuation & Advisory Services-India, Middle east and Africa

access_timeAugust 19, 2019

New Delhi: Property consulant CBRE has appointed Rami Kaushal as Head of Valuation & Advisory Services, India, Middle east and Africa.   

Withdrawal Of Subvention Scheme May Not Hit Real Estate Industry Too Hard: ANAROCK

access_timeAugust 19, 2019

New Delhi: Real estate industry is unlikely to be impacted in a big way with by the recent national Housing Bank’s directive to disallow housing finan...

Trends In PE Investment In Indian Real Estate Industry

access_timeAugust 18, 2019

New Delhi: Private equity investment in the Indian real estate continues to rise and there are many strategic investments taking place, notes a recent...

menu
menu