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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Kolkata Based South City Projects to Foray into Sri Lanka Real Estate Market
Sunday, 11 Sep, 2011 – 16:00 | No Comment
Kolkata Based South City Projects to Foray into Sri Lanka Real Estate Market

South City Projects (Kolkata) Ltd — a consortium of six Kolkata-based real estate companies — will enter the real estate sector in Sri Lanka. The company, through its Sri Lankan subsidiary Indocean Developers Pvt Ltd, …

CREDAI Miffed Over New Land Acquisition Law
Sunday, 11 Sep, 2011 – 12:54 | No Comment
CREDAI Miffed Over New Land Acquisition Law

The Union Cabinet on Monday cleared a new land acquisition law that tries to bridge the gaps in existing legislation. Popular protests against governments acquiring land for private projects have spread across the country and …

Regulatory Body for Real Estate will lead to Corruption: CREDAI President
Sunday, 11 Sep, 2011 – 8:00 | No Comment
Regulatory Body for Real Estate will lead to Corruption: CREDAI President

Real estate industry body CREDAI on Saturday opposed constitution of a regulatory body for the real estate sector, saying that it would become a “breeding ground for corruption” if implemented. “The proposed regulatory bill will …

Trouble for Sahara as MCA Extends Support to SEBI
Saturday, 10 Sep, 2011 – 20:43 | No Comment
Trouble for Sahara as MCA Extends Support to SEBI

In a move that may spell more trouble for Sahara group of companies — Sahara Real Estate Corporation Ltd and Sahara Housing Investment Corporation Ltd — the ministry of corporate affairs (MCA) has expressed its …

Commerce Ministry Invites Suggestions to address Policy Framework & Operational Issues of SEZs
Saturday, 10 Sep, 2011 – 17:36 | No Comment
Commerce Ministry Invites Suggestions to address Policy Framework & Operational Issues of SEZs

The Commerce Ministry has called for suggestions from all stakeholders to comprehensively address the policy framework and operational issues of Special Economic Zones (SEZ). This, the Ministry said, is to accelerate the growth of SEZs. …

Hit by Fund and Permit Hassles, Hotel Majors Stall Projects
Saturday, 10 Sep, 2011 – 14:32 | No Comment
Hit by Fund and Permit Hassles, Hotel Majors Stall Projects

Many leading hospitality companies looking at expansion are either deferring launches or stalling projects on the back of various challenges including fund crunch and roadblocks in getting permits. According to a study by consulting firm …

Wave Pays Rs 375 cr as Stamp Duty for Registration of 151 acre Noida Land
Saturday, 10 Sep, 2011 – 11:26 | No Comment
Wave Pays Rs 375 cr as Stamp Duty for Registration of 151 acre Noida Land

Wave Infrastructure today said it has paid about Rs 375 crore as stamp duty for registration of about 151 acres of land in Noida, which the company had won in the country’s biggest land deal …

CCI Charges DLF in another Case of Violation of Market Position, No Penalty this Time
Saturday, 10 Sep, 2011 – 7:19 | No Comment
CCI Charges DLF in another Case of Violation of Market Position, No Penalty this Time

Anti-competitive practices watchdog Competition Commission of India (CCI) has charged real estate major developer DLF of abusing its dominant position in yet another high-profile residential project in Gurgaon, Haryana. In a verdict delivered on Tuesday, …

Oberoi Realty Ropes in Samsung C&T Corporation for its Luxury Project in Mumbai
Monday, 29 Aug, 2011 – 7:11 | No Comment
Oberoi Realty Ropes in Samsung C&T Corporation for its Luxury Project in Mumbai

Real estate firm Oberoi Realty has brought on board Samsung C&T Corporation as its general contractor for its ambitious mixed-use, high-rise luxury project in Worli, Mumbai. The deal marks the entry of Samsung C&T, which …

Real Estate Companies Adding Rs 14 crore debt a Day
Saturday, 27 Aug, 2011 – 23:09 | No Comment
Real Estate Companies Adding Rs 14 crore debt a Day

The debt load of 11 listed real estate companies in the country has risen 15 per cent, or by Rs 5,000 crore, to Rs 38,500 crore in the last 12 months. That’s nearly Rs 14 …