Real Estate News - Page 17

Flipkart inks India's largest office space deal in Bangalore, will pay Rs 300 cr annual rent

The rental will be around Rs 90 per sq ft per month for fully furnished office space.

Housing demand to pick up in 6-8 months: Knight Frank

The current sentiment index, for all asset classes and all locations, surged by 12 points to 63 points, while the future sentiments have also improved by 2 points to 71 points.<br />

Sebi bars DLF, chairman KP Singh and five top executives from markets for 3 years

DLF and its top executives are found to have violated various regulations including Sebi's Disclosure and Investor Protection (DIP) Guidelines and the PFUTP (Prevention of Fraudulent and Unfair Trade Practices) norms.<br />

Tata Value Homes launches e-commerce platform to sell flats

Earlier, Tata Housing had tied up with Google and Snapdeal to sell homes through their platforms.<br />

Sticker shock: Why property buyers were cold to the Mumbai property expo

With real estate prices remaining sluggish in Mumbai over the last two years, investors are now moving away from the strategy of lapping up new apartments in the hope of a good appreciation and are instead offering funds to developers at high interest rates.<br />

Godrej Properties says it will develop affordable housing project near Mumbai

Godrej Properties has entered into a development management agreement to develop a property situated in Badlapur.

RBI monetary policy: Why realtors are unhappy over status quo

For the fourth time in a row, RBI kept key interest rates unchanged today maintaining that it will not cut them unless inflation moderates to anticipated levels, disappointing borrowers and the industry in this festive season.<br />

More funds for realty: Sebi notifies norms for REITs, infrastructure investment trusts

Market regulator Sebi today notified norms for listing of business trust structures, REITs and InvITs that would help attract more funds in a transparent manner into realty and infrastructure sectors.

Why invest over Rs 3 crore in DLF 5 when you can avail benefits in only Rs 100/ day?

To avail the facilities of the Park Place Club (called Clubvita in Parkplace), it is not essential for a person to be the owner of a house in DLF5, a gated community of sorts which include condominium communities such as Aralias, The Magnolias, The Belaire and DLF Park Place amongst others. One could use the facilities by being a tenant too.<br />

Clicks & bricks: E-commerce firms lease 6 lakh sq ft warehouse space so far in 2014

Leasing activities in the logistics and warehousing market remained steady with large sized transactions of around 1-2.5 lakh sq ft reported in the first half of 2014

REITs will get investments into realty sector, no need for more sops: Govt official

Real Estate Investment Trusts will help attract more funds into the realty sector and there is no need to provide more tax concessions for it, a senior government official said today.

Mumbai office rentals come down, slips to 10th position among global cities

Among the top 15 global cities, office rentals in Mumbai are lowest at Rs 250 per square feet per month, compared to London and New York which stand at Rs 900 square feel and Rs 360 per square feet respectively, the report said.

Delhi circle rates hiked even as property sales show no signs of a pick-up

Home prices may once again rise while property purchases may fall in the national capital region (NCR) after the Delhi administration announced an across-the-board 20 percent increase in circle rates effective Tuesday.<br />

Delhi homes to get costlier? Govt hikes circle rates by up to 20%

Home prices in the capital are set to go up further with Delhi government on Monday hiking the circle rates

Who are the biggest buyers of properties in Dubai? Indians

Indians constitute a dominating group while buying real estate in Dubai, having invested nearly AED 10.5 billion during the first half of this year, says a report.

Get ready, Mumbai: MMRDA plans to transform BKC into a 'smart city'

The authority is working on the feasibility of supplying excess power generated from solar lighting to the common grid and also how it can earn carbon credits, if any.

28% of houses unsold in Gurgaon, but demand may be picking up, says Icra

Golf course Extension Road and New Gurgaon have remained the most active micro markets in Gurgaon

Trump's wrong: How the Big Mac burger tells us Mumbai real estate ain't cheap

The trouble with Trump's calculation is that it has been carried out at the market exchange rate. It doesn't take the purchasing power of the currencies into account

Builders are piling on debt while residential inventory is at a 7-year high

Media reports suggest that the coming Diwali may mark the revival of real estate sales, but a close look at hard data shows that there is simply too much inventory waiting to be sold for there to be a real uptick.<br />

MNCs buy nearly half of office space in India; CitiBank, Bayer among major deals

With rising rents in prime markets where MNCs operate, there is cost benefit in the long term in buying office spaces rather taking on lease.<br />

Wealthy Indians prefer to buy their second homes in London, New York

India's multi-millionaires prefer to buy their second homes in leading global financial centres, including London, New York and Singapore, says a report.

Practical or promoting ghettos? Noida builder offers flats only for Muslims

Many members of the Muslim community in urban areas have complained of not being able to find homes on rent or for purchase.

FDI, shift to high-rises is what lead to realty boom in last decade, shows survey

The opening up of the sector to FDI in 2005 initiated the entry of new avenues for funding, and capital inflow witnessed a spike.

Slowdown in property market: Average housing price in Delhi-NCR falls by 2%

In its latest residential report for the second quarter of 2014 calendar year, the company said the real estate market is reeling under a demand slowdown due to high borrowing cost and lower GDP growth.

25,000 flats on offer: DDA website restored; over 18 lakh hits in two days

Top DDA officials said the website received a whopping 18.25 lakh hits since the launch of the housing scheme on Monday under which over 25,000 flats have been offered.<br />

No red tape allowed: LG gives deadline of 2 weeks to DDA to finalise restructuring plan

Lt Governor Najeeb Jung today gave a deadline of two weeks to Delhi Development Authority to finalise a restructuring plan to bring transparency, efficiency and accountability in the organisation.

DDA loan scheme brochures now available on banks' websites

The forms for Delhi Development Authority's (DDA) much-awaited 'Housing Scheme 2014'offering over 25,000 flats across various categories are now available on bank websites.

How politicians, banks and builders conspire to keep real estate prices high

With newer launches slowing down, the only possible explanation for this lending is that banks are essentially giving fresh loans to real estate companies so that the companies can repay their old loans. This has allowed real estate companies to not cut prices on their unsold inventory

Huge queues, site crashes as DDA launches Housing Scheme 2014 with 25,034 flats

The new scheme offers flats ranging from Rs 7 lakh to Rs 1.2 crore across categories, viz - EWS, LIG, MIG, HIG, Janta flats and one-room apartments.<br />