Realty Bill may open new doors to transparent, secure home buying
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Tue, 6/12/11 – 15:41 | No Comment

For many, buying a residential property is the biggest investment they make in their lifetime. Last week, the government released for public comments a draft Real Estate Regulation Bill, which is said to be on …

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Bell The Cat (Cops’ Admission Test) For A DDA Flat
Sunday, 26 Apr, 2009 – 13:54 | No Comment
Bell The Cat (Cops’ Admission Test) For A DDA Flat

DDA’s latest allottees will have to wait to get their flats. The investigation into the alleged housing scheme scam, which had so far centered on allotments in the reserved categories, will now also scrutinize General …

Semi Luxurious Apartment, Latest Ploy Of City Developers
Sunday, 26 Apr, 2009 – 13:53 | No Comment
Semi Luxurious Apartment, Latest Ploy Of City Developers

Real estate developers have come up with a new gimmick to attract buyers. After budget-houses, builders have come out with ‘semi-luxury’ flats to cater to high-end buyers. The purpose is to provide various amenities offered …

Buyers In Pune Wait and Watch
Sunday, 26 Apr, 2009 – 13:52 | No Comment
Buyers In Pune Wait and Watch

Buyers in Pune have adopted a wait-and-watch policy in an anticipation of a steep fall in prices as builders scramble to prevent a further slide. Statistics with the stamp registration controller’s office suggest that property …

Reduction in Property Tax On The Cards in Maharashtra
Sunday, 26 Apr, 2009 – 13:51 | No Comment
Reduction in Property Tax On The Cards in Maharashtra


As the property graph continues to go down, the state government plans to reduce the property rates in the Ready Reckoner to reflect reality. The reduction might well be in the range of 10 to …

Omaxe Pays Back Rs 201 Crore To Indiabulls
Sunday, 26 Apr, 2009 – 13:50 | No Comment
Omaxe Pays Back Rs 201 Crore To Indiabulls

Cash-strapped realty company, Omaxe has managed to pay Indiabulls Financial Services Rs 21 crore in December 2008. With this payment, Omaxe has been able to pay Rs 201 crore against the total loan of Rs …

Realty Firms may see marginal rise in sales
Sunday, 26 Apr, 2009 – 13:49 | No Comment
Realty Firms may see marginal rise in sales

India’s real estate companies are expected to see a marginal rise in sequential sales in the fourth quarter ended March 31, 2009, on the back of good demand for their new projects, coming at up …

Troubled Realty Firm postpones repayment of debt
Sunday, 26 Apr, 2009 – 13:48 | No Comment
Troubled Realty Firm postpones repayment of debt

Notwithstanding its successful Rs 1,620-crore Qualified Institutional Placement (QIP) issue, troubled real estate company Unitech has postponed the repayment of a large part of the Rs 500-crore debt it had to pay back to mutual …

New Industrial Park Policy hits developers hard
Sunday, 26 Apr, 2009 – 13:47 | No Comment
New Industrial Park Policy hits developers hard

Real estate developers across the country are planning to challenge the government’s move to dilute portions of a scheme launched in 2002 that granted 100% tax exemption for 10 years to those who built industrial …

Reliance Industries restarts diesel retailing in Gujarat
Sunday, 26 Apr, 2009 – 13:46 | No Comment
Reliance Industries restarts diesel retailing in Gujarat

Reliance Industries has restarted its domestic fuel sales by re-opening two petrol pumps in Gujarat to sell diesel, a source said here.
“We have just started retailing diesel through our two petrol pumps in Gujarat. We …