Kolte-Patil Developers appoints Gopal Sarda as Mumbai region's executive officer chief, following Sujay Kalele's departure.
Online real estate portals now handle 4% of total industry transactions, up from 0.6% a few years ago. Eastern India is rapidly catching up with this trend.
CREDAI plans to request amendments to the Real Estate Bill from the Central Government, fearing increased housing costs and discouragement for smaller developers.
GMR Infrastructure reports 2.4x increase in net loss to Rs 398 cr in Q2, blaming idle power assets due to fuel scarcity.
Pune real estate has seen significant price growth since 2011, but sales have recently slowed. It remains more affordable than Mumbai and NCR, supporting its market.
In the first half of the year, India's major cities witnessed the launch of 1.32 lakh homes, a 5% increase compared to last year. New launches have declined in Q3.
Sebi's REIT listing plan to boost developer growth, attract foreign funds: Credai
Credai-NCR successfully resolved 896 consumer-developer issues through the Consumer Grievance Redressal Forum, receiving praise at their recent AGM.
DLF to raise ₹2000 Cr by selling 81 million shares through institutional placement program to reduce debt and meet SEBI's public shareholding guidelines.
The real estate market in Kota, boosted by coaching centers for IIT and medical entrance exams, sees high demand for 1 BHK and studio apartments.
Project delays plague NCR's residential market, causing a 31% drop in new launches and leaving 140,000 unsold units, impacting homebuyers and developers.
Home sales, particularly new launches, experienced growth between January and March, spurred by developer discounts. Bangalore and Mumbai saw improved sales.
The housing ministry intends to introduce a real estate regulator to curb sector illegalities. The bill, aimed at safeguarding buyers, defines carpet area and mandates project registration.
Environment Ministry to ease green norms, paving the way for more high-rise buildings in cities, potentially boosting real estate construction.
Budget 2013 is anticipated to favor home buyers, with potential provisions for affordable housing. Realty players seek tax exemptions and lower interest rates.
A recent RTI reveal indicates Vadodara has over 1 lakh vacant properties, prompting debate among real estate experts and authorities about the figures' accuracy.
Noida Authority reveals 50 developers haven't paid dues, causing a Rs. 3,000 crore loss. The authority plans to amend the 2008 scheme that allowed 10% upfront payment for land, intending to recover the substantial losses.
The Prime Minister's Office has intervened to expedite the long-pending Real Estate Regulatory Authority Bill, addressing inter-ministerial concerns and seeking to protect buyers' interests.
CREDAI expresses reservations regarding the potential success of MIDC's updated SEZ policy, which allocates additional land for housing development. They insist concessions must be offered.
Italian fashion designer Giorgio Armani collaborates with Supertech to introduce luxury apartments in India, expanding his real estate ventures beyond Dubai.
The Indian Property Show Dubai 2012, taking place December 13-15, is set to be the biggest yet, with a record number of participants showcasing properties from across India to attract NRI investment.
MHUPA India plans to include affordable housing in infrastructure list, revises income limits for weaker sections, urging unified efforts to address 18.78 million housing shortage.
India's real estate housing sector saw a decline in 2012, with minimal capital value rise of 1-3% in top seven cities, reports JLL.
CREDAI urges real estate developers to lower property prices to address high unsold inventory, amidst suggestions from Finance Minister P Chidambaram for economic revival.
CREDAI criticizes MHUPA's new Real Estate Bill, fearing increased corruption and negative impact on affordable housing and the real estate sector.