Indian real estate anticipates recovery from a slow 2012, fueled by retail FDI policy. Increased demand for retail spaces is expected to drive construction and boost commercial real estate.
The Competition Commission of India (CCI) is probing five real estate firms, including DLF, for alleged anti-competitive practices, with DLF already facing a hefty fine.
CREDAI urges Parliament for consumer-friendly real estate reforms, citing stalled projects and the need for "Home for All." They criticize the one-sided regulatory bill and suggest a single-window clearance system.
Finance Ministry plans to bolster the real estate sector by facilitating bank loans for builders with stalled residential projects, aiming to revitalize the sector and stimulate economic growth.
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.
The Supreme Court granted Sahara Real Estate Firms an extension to pay their fine, directing SEBI to accept the application. The firms were initially ordered to refund money collected through debentures to investors.
Real estate sector signals recovery with new launches and investments by major players. Supertech, Ansal API, DLF, and Mantri Realty announce significant investments.
Adani Realty partners with M2K to launch Oyster Grande, a premium housing project in Gurgaon, with an estimated investment of Rs.1000-Crore
PropertyWala.com won the "Best Website of the Year 2012" award for the third time, recognized for its design, content, and navigation. The platform provides free services for buying, selling, and renting properties.
Blackstone Group LP is preparing to launch a new real estate fund targeting the Asian market, aiming to expand its commercial real estate presence in the region.
The Indian government's new retail FDI bill has been passed, offering hope to mall owners to fill vacant spaces as foreign retailers gain entry into the market.
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.
Exilion, a real estate firm, intends to purchase Nokia's headquarters in Espoo, Finland for approximately ₹1218 Crore, with Nokia leasing it back as part of cost-cutting.
CREDAI urges real estate developers to lower property prices to address high unsold inventory, amidst suggestions from Finance Minister P Chidambaram for economic revival.
The Supreme Court criticized Sahara Groups for not refunding Rs. 27,000 crore to investors and demanded repayment within a week.
Bombay Realty is showcasing its Island City Center project at the Dubai Indian Property Show. The project in Dadar, Mumbai offers luxury residences, commercial spaces, and amenities, targeting NRIs and HNIs.
The real estate sector faces labor shortages, leading to exploitation of migrant workers in India, often forcing them into bonded labor and crime.
CREDAI urges Bengal government to repeal the Urban Land Ceiling Act, citing it as a hindrance to real estate development.
Robert Vadra Cleared in Real Estate Land Scam, PMO Declares Him Innocent.
Sahara India Pariwar, an Indian real estate company, has acquired a 75% stake in New York's iconic Plaza Hotel, valued at $575 million.
Real estate values are correlated with the presence of reputable schools. High-reputation schools increase property value due to parents prioritizing proximity for admissions and convenience.
Real estate builders are turning to online reputation management systems to address negative comments from home buyers on social media due to project delays.
Gammon India, grappling with financial losses and a substantial debt of Rs. 3200 Crore, is monetizing real estate assets due to high financing costs. The company looks to reduce debt.
Air India's plan to lease vacant floors in its Nariman Point headquarters faces challenges due to tough market conditions, but the Civil Aviation Minister remains confident. The plan aims to raise funds by leasing or selling properties in Delhi and Mumbai.
SEBI files criminal charges against Sahara Group, seeking compliance with regulatory orders. Sahara Group denies accusations and claims timely submission.