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Real Estate News, India

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Bangalore
The environment ministry, under pressure from real estate and builder lobbies, and state governments, has limited the ambit of clearances for projects in this sector. Now, local civic authorities will lay down the norms relating to building control and safety in line with the relevant master..
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Bangalore
Liquidity related concerns and execution challenges continue to impact the infrastructure sector in the country, according to India Ratings & Research. Faster execution of projects and improvement in liquidity situation is key to the sector momentum. But the impact of these challenges is..
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Bangalore
The office space absorption in Bangalore during H1 2013 at 1.6 million square feet (msf) was a drop of around 22 per cent over H1 2012. But, it was nearly seven times than the previous quarter due to certain pre-commitments getting absorbed (around 50 per cent of the net absorption) and..
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Pune
The continuous slide of the rupee against the US dollar may be a cause of concern for many, but has led to NRIs considering investing in real estate back home. Industry observers said there has been a marked rise in the number of inquiries from NRIs and international investors in the last six..
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Bangalore
The Rural development ministry has asked state governments to start using waste material and locally produced fibres to build rural roads-a cost-cutting measure that is seen giving a fillip to the local economy. The plan, to be implemented under the government's Pradhan Mantri Gram Sadak Yojana..
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Bangalore
The country's premier management schools are addressing the builder community's need for employees who understand the nuts and bolts of their projects. IIM Bangalore, ISB, IIM Indore and IIM Ahmedabad are introducing specialised courses on real estate and infrastructure management, and in..
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Bangalore
New home sales may be few and far between, but resale of properties is booming. Sale of such properties is up 40% across the country in the last six to eight months as buyers become more risk-averse looking at the enormous construction delays, property brokers and financial institutions say...
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New Delhi
The government on Thursday indicated that it may relax rules to allow global supermarkets to set up shop in smaller cities and permit purchases from cooperatives and producer federations to be included in the mandatory sourcing clause. In addition, the government may clarify that acquisition of..
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Bangalore
The Reserve Bank today said despite a steep fall in bank credit to the housing sector, which in turn brought down demand, house prices in some of the major urban centres have been on the rise. "Bank credit to the housing sector came down to 9.5 per cent in FY13, from a high 13.3 per cent in..
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Bangalore
While emphasising the need to closely monitor the housing sector, the Reserve Bank of India (RBI) said there are indications the ratio of price to annual rent in some areas in metros such as Mumbai are as high as 50. "House prices in some Indian metropolitan cities have witnessed significant..
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Delhi
Bangkok was the cheapest city for office rents in Asia this year, while Hong Kong was the most expensive, an international property consulting company said on Monday. Out of 127 cities surveyed worldwide by the CBRE Global Research and Consulting's semi-annual prime office occupancy costs..
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Bangalore
The Union government has allowed companies having operations in one special economic zone (SEZ) to expand operations into another one seamlessly, making these exports enclaves more attractive for investors. The SEZ policy is not clear on the expansion aspect. Hence the companies sought..
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Delhi
A slowdown in the real estate sector can spell opportunity for the prepared. Delhi-based publishers, Umraopati Ray, 30, and his wife PriyankaSaxena, also 30, own an apartment at PaschimVihar. As the slowdown in the National Capital Region (NCR) intensified, the young couple went hunting for good..
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Bangalore
The Reserve Bank of India (RBI) today eased norms to raise funds via external commercial borrowing (ECB) for low-cost affordable housing projects. Now, developers and builders with three years' experience in undertaking residential projects will be eligible to raise funds through the ECB route...
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Bangalore
Clamping down on the delays in repatriating foreign exchange earnings, the Reserve Bank of India (RBI) has tightened norms for special economic zones (SEZs), asking them to realise and bring back full value of goods and services to India within a year from the date of export. The sudden slide of..
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Bangalore
Highway developers will soon be allowed to exit projects as the Ministry of Road Transport and Highways is finalising a proposal that might enable them to leave "harmoniously", without attracting punitive measures...
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Delhi
India may further simplify investment norms in multi-brand retail to woo foreign retailers who have stayed away from the sector that was thrown open nine months ago. The government had issued clarifications on investment guidelines last week but they failed to enthuse domestic and foreign..
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Delhi
Once the government opens registration of the extended lal dora properties, it will give the area a legal stamp,which will immediately increase property rates drastically, Rajan Siddiqui of Choice Associates, a Vasant Kunj based property broker firm, said. On Saturday, at a mega event at..
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Amritsar
Only those unapproved colonies or buildings constructed before April 1 will be considered under the policy. This would be a big relief to about 5,000 colonies and 0.2 million individual plot-holders or building owners across the state . The Punjab cabinet yesterday approved the policy for..
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Hyderabad
As part of its six-point programme on EE and EC (energy efficiency and energy conservation), the Andhra Pradesh government is planning to notify the energy conservation building code (ECB code) for enhancing energy efficiency in all large buildings such as multiplexes, malls and hospitals,..
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