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Office space absorption sluggish in first three months of 2012: CBRE

NEW DELHI: The first three months of 2012 have seen sluggish leasing of office space across key markets with only 4.1 million sq ft being absorbed, says property advisory firm CBRE South Asia. .....

CREDAI writes to Prime Minister seeking reforms in

NEW DELHI: The realty body CREDAI has written a letter to Prime Minister Manmohan Singh listing out concerns of the industry such as delay in project sanctions, liquidity crunch and high input cost.....

HDIL MD Sarang Wadhawan sells 1.19% more stake

MUMBAI: Sarang Wadhawan, vice chairman and managing director of Housing Development & Infrastructure Ltd on Wednesday sold additional 50 lakh shares of the company, representing 1.19% stake, th.....

Godrej Properties to buy 34 acre in Vikhroli, Mumbai from group co for Rs 717 crore

Godrej Properties' subsidiary Godrej Vikhroli Property LLP has entered into an agreement with group company Godrej & Boyce Manufacturing Company for buying 34.2 acres at Vikhroli suburb of .....

Raheja Developers plans Rs 1,000 crore investment on new township

NEW DELHI: Raheja Developers is planning to build an integrated township at Sohna near Gurgaon that could entail an investment of about Rs 1,000 crore over the next three years. The project, w.....

Urgency plea for land acquisition can't be done casually: Supreme Court

NEW DELHI: Urgency clause can be invoked by the government only in exceptional cases after "applying its mind", the Supreme Court has ruled while quashing acquisition of land by the Delhi.....

Proposed real estate regulator to get power to jail builders

NEW DELHI: The proposed real estate regulator would make registration compulsory for property agents as well as for residential projects over 1,000 square metres or 12 dwelling units in an effort t.....

Developers may strike if realty woes persist: CREDAI

MUMBAI: Concerned over the problems faced by realtors and home buyers, Confederation of Real Estate Developers' Association of India (CREDAI) said it may go on a nationwide developers strike to.....

Maytas Properties: IL&FS, SRS Orion in talks to resolve issues

NEW DELHI: IL&FS, the financial institution that controls Maytas Properties, is in talks with SRS Orion, an investor in the scam-hit realty company to resolve the differences between them. .....

Should you buy property in a religious location?

When 32-year-old Anuja Wagle and her family moved into a new house in the western suburbs of Mumbai 10 years ago, they had no idea of its proximity to a famous temple. "We bought the house as .....

Buyers back in realty market this Navaratra

Buyers are back in the realty market this Navaratra, lending credence to this festive season's reputation as a golden period for business in this sector. There is flurry of activity in th.....

Big guns like Wadhwa Group, Piramal Realty, Runwal Group in fray for prime DLF land

MUMBAI: Months of tough negotiations between prospective buyers and the owner of the 17-acre Mumbai Textile Mill property at Lower Parel has made little headway so far. But despite the slowdo.....

Property prices above 2008 high in Mumbai, unsold flats rise too

The real estate sector is probably set to repeat its 2008 story of high prices and few buyers. Property experts believe the market is overheating again, breaching the peak levels of 2008, as develo.....

GPL to redevelop 18 residential buildings in Mumbai

MUMBAI: Realty firm Godrej Properties (GPL) today said it will be redeveloping 18 residential buildings at Chembur in central suburban Mumbai. Godrej Landmark Redevelopers (GLRPL), a subsidiar.....

Unitech defends it right to seek arbitration

NEW DELHI: Realty company Unitech today told Company Law Board that its dispute with Norwegian firm Telenor over their joint venture Uninor was fit case for arbitration. Unitech counsels durin.....

HDIL MD Sarang Wadhawan sells 1.19% more stake

MUMBAI: Sarang Wadhawan, vice chairman and managing director of Housing Development & Infrastructure Ltd on Wednesday sold additional 50 lakh shares of the company, representing 1.19% stake, th.....

UP housing board to raise property rates

LUCKNOW: New houses and plots offered by the UP Housing and Development Board (UPHDB) in Ghaziabad and Loni may cost nearly 20% more with the state government agency planning to jack up prices .....

Mumbai home prices unlikely to fall in 2012, says CRISIL

MUMBAI: Sharp rise in input, construction and funding costs is expected to prevent any reduction in home prices in Mumbai in 2012, despite 40% decline in sales of new homes witnessed since mid-.....

No room for fall in Mumbai home prices: CRISIL

MUMBAI: Despite a 40 per cent decline in new home sales in 2011, new home prices in the financial capital of the country is unlikely to decline this year, according to CRISIL Research. &.....

Caretaker, servants cannot claim ownership of property: SC

NEW DELHI: One can not acquire title to a property only because he or she had been allowed to stay in the premises gratuitously for long, the Supreme Court has ruled, asking courts to deal firmly w.....
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