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Sebi to allow real estate investment trusts in India

Mumbai: The Securities and Exchange Board of India, or Sebi, is soon likely to allow real estate investment trusts, or REITs, in India—a move that will increase the depth of India’s rea.....

Govt mulls easing FDI rules for construction development

DIPP wants sector activity to include townships, infrastructure and housing In a bid to bring foreign money to the cash-strapped realty sector, the department of industrial policy and promotion (DI.....

Real estate: Supreme Court order to hike home prices

In a recent judgement, the Supreme Court has upheld VAT for property under construction. While developers gear up to pay, buyers should be prepared for the additional bill and be ready to ask critical questions. This week the Supreme Court held that.....

Reserve 20% area for low-income housing

A year after the state stalled its draft notification following objections from developers, it is set to issue a the final notification making it mandatory for developers to reserve 20% of areas of.....

Real Estate News: DDA invites feedback on Master Plan 2021 modifications Like?

The Delhi Development Authority (DDA) has invited public suggestions and objections for modifications in Master Plan 2021 including highrise buildings. “Buildings taller than 15m (without.....

Tata Housing wins Developer of the Year award at the Indian Realty Awards 2013

Tata Housing Development Company, India's fastest growing real estate development company, is proud to be acknowledged by Indian Realty Awards as one of the best developers this year. Tata Hous.....

Fresh Demand For 2.8 Million Homes in 2013-17 To Be Seen In Top Eight Indian Cities: C&W

New Delhi: Top eight cities, including NCR and Mumbai, would witness an additional housing demand of 2.8 million units in the next five years, but supply will lag behind due to economic and regu.....

How to stop benami transactions of property?

Benami property ownership means ownership of a property in the name of a person who has not actually paid the consideration for purchase of the property. Benami owner(s) only lend their name(s) for.....

WAKF land issue in capital city

WAKF is a non-governmental organization registered with the Government of India and head quartered in New Delhi. This is a charitable trust who targeted projects to provide a whole lot of social se.....

Land acquisition: Allahabad High court scraps land acquisition in two villages of Noida Extension

LUCKNOW: Coming down heavily against real estate firms and the Mayawati government, the Allahabad High Court on Tuesday scrapped acquisition of 589 hectares of land in Patwari and Dewla village.....

SC stops Tata housing project near Chandigarh

The Supreme Court Monday compelled the Tatas to stop work at the much-hyped Tata Camelot in Kansal near Chandigarh. The court described the housing project as an eyesore. “We’ll not.....

REITs: Can it revive realty sector?

The capital markets regulator has notified the draft regulations for Real Estate Investment Trusts (REITs), a long-standing demand of the realty sector. This marks a key step in bringing greater tr.....

Sebi's draft norms on realty investment trusts welcomed by industry

New Delhi: Welcoming market regulator Securities and Exchange Board of India's draft norms on real estate investment trusts (REITs), the real estate industry said on Thursday the instrument wou.....

Listing of realty investment trusts to improve liquidity: industry body

New Delhi: Market regulator Securities and Exchange Board of India's (Sebi) proposal to allow listing of real estate investment trusts (REITs) is a positive step and will help improve liquidity.....

Ex-DGP, panchayat cross swords over 150-acre land

Over 150 acres of prime shamlat land at Saini Majra village near here continues to remain a bone of contention between former DGP Paramdeep Singh Gill and the gram panchayat of the village. Whi.....

Blackstone nears $40 mn exit from property firm BPTP: Sources

MUMBAI: Blackstone Group LP is in talks to sell out of a New Delhi property investment for about $40 million, two sources with direct knowledge of the matter told Reuters, in what would be its firs.....

Will you have to pay VAT on your flat? SC ruling to push up property prices

According to a recent verdict by the Supreme Court, the sale of a property that is under construction would be liable to value-added tax (VAT). The ruling could have far-reaching ramifications.....

Over 25 per cent housing projects delayed pan-India; NCR worst hit: Jones Lang LaSalle

New Delhi: Real estate companies have not been able to deliver over 25 per cent of their housing projects on time while developers in the national capital region have been hurt the most, according .....

HC seeks status report on illegal construction on govt land

New Delhi: The Delhi High Court has sought status report from DDA and other agencies of city government on a PIL alleging "rampant" illegal construction on public land in and around the capital.

Seeking response.....

Demand slowdown forced developers to reduce property rates

It has been observed that some of the real estate players tend to offer certain freebies like cars, white goods, foreign trips for those who book during the festive season. However, freebies do not.....
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