Real Estate News

Noida authority begins verification of Amrapali Sapphire buyers

ET Realty Residential
21st Aug, 2019

Once the buyers submit the affidavits, the Noida Authority will authenticate the ownership of all flats and weed out ambiguity by verifying paperwork of dues paid and original ownership papers.

The future is urban. Is India prepared? Notes on a 2030 realty report

Hindustan Times
20th Aug, 2019

A CREDAI-CBRE study says housing, office space and commercial real-estate segments are set to boom, with certain riders.

Damaged houses to be rebuilt under PMAY: Maharashtra CM

ET Realty Residential
20th Aug, 2019

Besides, he said the loans on flood affected crops up to one hectare shall be waived or would be borne by the state government.

Central government to finalize agency for EWS housing projects in six cities

ET Realty Residential
20th Aug, 2019

These six cities were selected as ‘live laboratories’ for the pilot project to build 1,000 houses using innovative technologies that are low-cost, sustainable and disaster-resistant.

New Delhi world's 10th fastest growing prime residential market: Report

ET Realty Residential
20th Aug, 2019

The index tracks the movement in luxury residential prices across 46 cities globally.

Ulhasnagar residents to discuss redevelopment issue with Maharashtra government

ET Realty Residential
20th Aug, 2019

At the meeting, affected residents from building, representatives of NGOs and different political leaders were present.

Altico Capital exits Phoenix Group's IT-SEZ project in Hyderabad

ET Realty Commercial
20th Aug, 2019

Phoenix is an existing development partner of Altico Capital as the NBFC has funded multiple projects of the realty developer in the past and has been prepaid on several occasions.

Kerala: Over 100 families to get new flats soon

ET Realty Residential
19th Aug, 2019

The developers will hand over the complex to the corporation on September 25.

UK house sales stronger than normal in August: Rightmove

ET Realty Residential
19th Aug, 2019

"While the end of October Brexit outcome remains uncertain, more buyers are now going for the certainty of doing a deal, with some having perhaps hesitated earlier in the year," Rightmove director Miles Shipside said.

Construct rainwater harvesting units within three months: Tamil Nadu rural minister

ET Realty Residential
19th Aug, 2019

He said all the apartment complexes in the city should set up recycling plants and those that do not have recycling plants would be issued notices within a week.

Chandigarh MP declines relief to CHB flat owners

ET Realty Residential
19th Aug, 2019

In response, Kher said, “I think, in the name of need-based changes, residents of CHB flats did needless changes in their flats which is dangerous for them only.”

Nagpur civic body gets only 113 of 1,000 plots for roads’ expansion

ET Realty Infrastructure
19th Aug, 2019

Citing it as a plan to ease traffic congestion, the NMC proposed to widen Kelibagh Road, Old Bhandara Road and Ramji Pahelwan Road situated at Central Nagpur.

Over 50,000 flats on outskirts of Lucknow to face power crisis

ET Realty Residential
18th Aug, 2019

The Lucknow Development Authority (LDA) is raising new flats along Kanpur Road, Hardoi Road, Sitapur Road and Faizabad Road and in Gomtinagar extension.

Construction debris continue to choke Madurai river beds

ET Realty Infrastructure
17th Aug, 2019

With renovation and construction activities taking place in many parts of the city, construction debris is clearly not taken to the authorized dumping spots.

Over 100 shop owners of Indirapuram Habitat Centre approach UP-RERA to revive project

ET Realty Retail
16th Aug, 2019

The authority has ordered the builder to provide a list of allottees in phase-1 for registration of sub-lease deed while the IHC buyers' association has been asked to give a representation for attachment of rent that the builder is receiving from tenants in the project.

WeWork India leases 1.22 lakh sq ft from Panchshil Realty in Pune

ET Realty Commercial
16th Aug, 2019

This new centre in Pune, expected to be launched early next month, will have a capacity of over 2,000 seats, they added.

SoftBank convertible note helped cut WeWork losses

ET Realty Commercial
16th Aug, 2019

The gain reduced the pace of expanding losses in the first six months of this year to a 25% increase from a year earlier rather than almost doubling it.

Haryana initiates fresh talks on land for Hi-Tech township

ET Realty Infrastructure
15th Aug, 2019

“In Ghaziabad, Hi-Tech township is coming up along NH-9 and there, of the 6,000 acres required, only about 4,000 acres have been acquired by the developers,” said Kanchan Verma, the vice-chairperson, GDA.

Hotel Leelaventure to begin voting on Brookfield deal on August 18

ET Realty Hospitality
14th Aug, 2019

Leelaventure said voting will begin on August 18 and will end on September 16.

CoWrks acquires The Uncube

ET Realty Commercial
14th Aug, 2019

The Uncube has 2,500 members working across 200 locations in seven cities while CoWrks currently has 25 operational centres and 25,000 members spread across 2 million sq ft.

DDA to offer running scheme for commercial properties online

ET Realty Commercial
14th Aug, 2019

The decision was taken during an authority meeting of the urban body at the Raj Niwas, chaired by Lt Governor Anil Baijal, also the chairman of DDA.

WeWork posts $900 million loss as it preps for IPO

ET Realty Commercial
14th Aug, 2019

We Company reported a net loss of $904.65 million in the six months ended June, compared with a loss of $722.89 million a year earlier. Some $689.7 million of the losses were attributed to WeWork, by far its largest business division.

Blackstone to acquire Coffee Day's tech park for Rs 3,000 crore

ET Realty Commercial
14th Aug, 2019

The first tranche of Rs 2,000-2,200 crore will be paid in four weeks of the deal closing while the remaining money will come in the next 24 months, said the source mentioned above.

What's your type? A look at the new kinds of buyers, brokers and developers

Hindustan Times
13th Aug, 2019

ANNIVERSARY SPECIAL: Meet the ‘everything’ developer, NRI tenant, Airbnb host... and more.

Nagpur civic body arranges special camps to expedite land acquisition

ET Realty Infrastructure
13th Aug, 2019

Around 2,500 plot owners availed the benefit of the special camps in the last one week.

Allianz commits $150 million to Godrej's office development platform

ET Realty Commercial
13th Aug, 2019

With this, GBTC-I now has a total potential of USD 450 million. Currently, it has secured two developments, one each in Mumbai and Gurgaon, totalling two million sq ft.

MahaMetro expedites buildings' survey on underground route in Pune

ET Realty Infrastructure
12th Aug, 2019

MahaMetro recently completed surveying 500 buildings along the Range Hills-Kasba Peth section, and, in all, finished studying 50% of the 1,060 structures within a 50m radius of the Metro route.

Plus Offices plans to raise $5-10 million

ET Realty Commercial
11th Aug, 2019

"We have invested around USD 2 million to set up these two centres with seed funding from angel investors," Plus Offices Chief Operating Officer Ravi Kikan said.

Take off: Are airports in smaller cities changing the real estate market?

Hindustan Times
10th Aug, 2019

The government’s UDAN scheme is connecting India’s towns with the world, and in the process altering the real-estate markets of these regions. But, analysts say, celebrate this real-estate spike with caution.

Retailers look for rental relief as slowdown bites

ET Realty Retail
8th Aug, 2019

With consumer sentiment at a low and sales sluggish, retailers are looking at renegotiating rentals as part of their cost-cutting measures.

Tata Group's Taj Hotel chain to sell assets as economy weakens

ET Realty Hospitality
8th Aug, 2019

Indian Hotels plans to dispose of certain budget inns in the nation’s non-metro areas.

Baker Hughes leases 150 seats in Skootr's co-working space in Gurugram

ET Realty Commercial
8th Aug, 2019

The company recently leased 15,000 sq ft in One Horizon Centre, Sector 43, Gurugram.

First tranche of land acquired for Jewar airport near Delhi

ET Realty Infrastructure
7th Aug, 2019

As much as 1,235 hectare of land is to be acquired for the first phase of the greenfield airport, District Magistrate Brajesh Narain Singh said.

Nagpur Metro earns Rs 32 crore through FSI sale

ET Realty Infrastructure
5th Aug, 2019

As against 7.5 crore netted by Nagpur Metro till March this year since its inception, the amount has touched 32 crore as on July end.

Leisure Hotels Group to invest Rs 160 crore to add nine properties

ET Realty Hospitality
5th Aug, 2019

The group currently operates 27 boutique properties with around 875 rooms in India.

Builders get serious about flood control, as rainfall patterns change

Hindustan Times
3rd Aug, 2019

Developers are making percolation tanks and runoff systems part of their initial blueprints, to prevent flooding.

Oyo co-living to provide housing to IIT-Delhi students

ET Realty Hospitality
2nd Aug, 2019

IIT-Delhi has around 1,000 more students, thanks to government requirements on admissions from economically weaker sections (EWS) as well as the directive on creating supernumerary seats for women.

LG reviews implementation of DDA's land pooling initiative

ET Realty Infrastructure
1st Aug, 2019

Baijal advised DDA for wider publicity and more engagement with stakeholders to expedite its implementation on ground.

Putting your flat on rent in another city? Get a property manager

Hindustan Times
30th Jul, 2019

Get a property manager to keep a track of your faraway property - maintenance, tenant complaints, paperwork and everything else under the sun. Just be sure you get timely updates and set a budget.

Outage hits around 15 Ansal mall shops in Gurugram

ET Realty Retail
30th Jul, 2019

They claimed that though they had already paid their maintenance charges for the past 11 years, the mall is in a bad shape.

Union Budget is not all good news for young homebuyers: experts

Hindustan Times
29th Jul, 2019

Renting may be easier. Paperwork simpler. But taxes and land reforms are still stuck in the past.

Money the biggest challenge for smart cities mission

Hindustan Times
29th Jul, 2019

Money the biggest challenge for smart cities mission

India's IT growth story finds new frontiers in smaller cities

Hindustan Times
29th Jul, 2019

State government incentives, availability of trained manpower and vacant tracts of land are driving this growth.

Single window clearance for layout approvals by next year: Venkaiah Naidu

Hindustan Times
29th Jul, 2019

Single window clearance for layout approvals by next year: Venkaiah Naidu

Jewar land takeover to begin in a week

ET Realty Infrastructure
26th Jul, 2019

The Gautam Budh Nagar administration will start the takeover process of the property earmarked for Jewar international airport and complete the rehabilitation and resettlement process of 1,700 families within a week, officials said.

NCLT gives Hotel Leelaventure two months to comply with new Sebi directives

ET Realty Hospitality
26th Jul, 2019

Hotel Leelaventure counsel Ashish Pyasi said eight weeks time is required to comply with new postal ballot notice with additional disclosures as directed by the market regulator Sebi.

Pune civic body to seek views of merged villages' residents on DP

ET Realty Infrastructure
25th Jul, 2019

As per Pune Municipal Corporation (PMC) officials, separate meeting will be held for every village.

Chandigarh administration plans to lease out CITCO hotels to private players

ET Realty Hospitality
23rd Jul, 2019

The Citco runs three hotels, Mountview, Sector 10; Shivalikview, Sector 17; and Parkview, Sector 24.

Tamil Nadu Housing Board to construct mall in Ashok Nagar

ET Realty Retail
21st Jul, 2019

An artist’s impression of the multi-storey building coming up near the Ashok Pillar was published in the policy note of the housing and urban development department and unveiled in the legislative assembly on Saturday.

New property tax rates to benefit 8,000 shopkeepers in Agra

ET Realty Retail
19th Jul, 2019

Officials have estimated that the lowering of property tax rate will leave a Rs 2.5 crore hole in Agra Municipal Corporation’s (AMC) revenue collection.

Shops to pay a conversion charge for upper floors as per DDA's proposed amendment

ET Realty Retail
18th Jul, 2019

Shops in local shopping centres (LSCs) in areas like Green Park, Defence Colony, Greater Kailash will have to pay a conversion charge for using upper floors commercially.

Royal Orchid Hotels to open three properties in next two months

ET Realty Hospitality
18th Jul, 2019

Shares of Royal Orchid Hotels Ltd closed at Rs 81.85 per scrip on the BSE, down 5.43 per cent from its previous close.

Sarovar Hotels to add 16 properties across India by 2019-end

ET Realty Hospitality
15th Jul, 2019

The company currently manages 73 hotels in India and three overseas with around 6,000 rooms.

ADIA-backed Lake Shore, Reach properties tie-up to develop Gurugram retail project

ET Realty Retail
3rd Jul, 2019

The fund will invest in 1.1 m sq ft of retail space that is being developed in two phases on a 13.5-acre land parcel in Gurugram.

New frills to boost luxe-home sales: Cabanas, lagoons and shopping arcades

Hindustan Times
1st Jul, 2019

In a market where top-end buyers are spoiled for choice, developers are sweetening the deal with themed housing, on-site entertainment and a feel of being on vacation at home.

India to get over 65 million sq ft new mall space by 2022-end: Report

ET Realty Retail
28th Jun, 2019

India is set to get over 65 million sq ft of new mall spaces by the end of 2022. Of this total new supply, the top 7 cities comprise 72% share and the remaining 28% or 18.2 million sq ft is slated to come up in tier 2 and 3 cities, said Anarock Property Consultants report.

DLF-GIC joint venture to build over 2.5 million sq ft mall in Gurugram

ET Realty Retail
24th Jun, 2019

The new project, to be known as Down Town, will be constructed on a 23-acre land parcel owned by DLF in Gurugram.

Oyo's Chinese arm to up inventory to 500,000 rooms, list on Ctrip

ET Realty Hospitality
18th Jun, 2019

China, Indonesia, UK big growth markets, says Oyo global chief strategy officer.

ITC to focus on managing hotel properties

ET Realty Hospitality
13th Jun, 2019

ITC chairman Sanjiv Puri said the current proportion between the company’s managed and owned and managed properties is 50:50. But going forward, it would be 60:40.

Warburg Pincus, Runwal ink joint venture to form $1 billion retail mall platform

ET Realty Retail
20th May, 2019

Both partners, an affiliate of Warburg Pincus and Runwal, will commit $200 million each in the form of equity and will also raise additional $600 million in the form of debt to create a total corpus of $1 billion.

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