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Emaar MGF pays dues to Delhi Development Authority for Commonwealth Games flats

NEW DELHI: The long wait of buyers for the possession of Commonwealth Games flats seems to be over as developer Emaar MGF has paid the contractual amount due to the Delhi Development Authority (DDA.....

DLF in talks to sell Mumbai land, Piramal Realty, Oberoi Realty in race: Sources

DLF is back in the market to sell it's prime land in Mumbai's Lower Parel area. The company is in close talks with a consortium of developers who have offered to pay Rs 2500 crores for the .....

Unitech-Telenor dispute: Unitech moves company law board for arbitration

NEW DELHI: Real estate developer Unitech on Friday sought the Company Law Board's approval to settle the ongoing dispute with its JV partner Telenor through arbitration. But the Norw.....

Raheja Universal to sell a chunk of land in Navi Mumbai project

MUMBAI: Realty developer Raheja Universal has put a 38-acre land parcel, which is part of its flagship project Raheja International Corporate City, including an information technology Special E.....

Take a pragmatic approach in realty cases, Supreme Court tells Judiciary

NEW DELHI: Expressing serious concerns over escalating real estate litigations in the country, the Supreme Court has directed the judiciary to take a pragmatic approach and scrutinise carefully ple.....

Over 14,000 illegal construction cases registered in Delhi

NEW DELHI: The Municipal Corporation of Delhi (MCD) has registered 14,306 cases of unauthorized constructions, demolished 5,128 and sealed 2,476 constructions in the last three years, the Rajya Sab.....

Kotak Realty to invest Rs 120 crore in Parsvnath Developers

BANGALORE | NEW DELHI: Parsvnath Developers is raising Rs 120 crore from Kotak Realty Fund for a new 100-acre integrated township project on Sohna Road in Gurgaon. Kotak Realty fund will get a .....

Budget 2012: Property prices to rise by 2% as excise, service tax go up

NEW DELHI: Property prices will rise by a minimum of two per cent immediately due to the hike in excise duty and service tax in the Budget, National Real Estate Development Council today said. .....

Budget 2012-13 imposes 1% TDS on property sales

NEW DELHI: Tightening screws on black money in the realty market, the government has proposed one per cent TDS (tax deduction at source) on transfer of immovable property if the sale value.....

Budget 2012 impact: Housing prices likely to rise on increase in service tax

NEW DELHI: Housing prices are all set to increase marginally due to the proposal to increase service tax by 2 per cent, realty players said on Friday. "Application of TDS on the purchase.....

Budget 2012: Pranab Mukherjee proposes TDS for purchasing immovable property

Purchasing an immovable property generally involves running from pillar to post. Now, a home buyer (and seller) will need to run to the bank to deposit TDS. The FM has proposed TDS on transfer.....

Union Budget 2012-13: Industry status & affordable housing a priority say Realty players

NEW DELHI: With the real estate sector of the economy coming under repeated credit pressures owing to high interest rates for borrowing, the Union Budget 2012 to be presented by the Finance Ministe.....

Wave Infratech to invest Rs 4,000 crore to build township in Noida

NEW DELHI: Wave Infratech, the realty arm of Ponty Chadha's Wave Group, today said it will invest Rs 4,000 crore to develop the first phase of the 152-acre township in Noida and the company doe.....

Kolkata Port Trust may monetise 100 acres of its land

NEW DELHI: The Kolkata Port Trust, which owns more than 10,000 acres of prime property in and around Kolkata, may just succeed in monetising some 100 acres of its land through commercial use. West .....

Nothing unusual in denying property to ungrateful children: Supreme Court

NEW DELHI: Genuineness of a will cannot be disputed merely because the testator declined share in the family property to "ungrateful children", and had bequeathed it solely to one of .....

Unitech eyes Rs 250 cr sales realisation from Bangalore project

NEW DELHI: Real estate major Unitech on Monday said it eyes a sales realisation of about Rs 250 crore over two years from the luxury housing project in Bangalore. The company announced the la.....

ASK Property Investment Advisors invests Rs 40 cr in Pune project

MUMBAI: ASK Property Investment Advisors, the real estate arm of the ASK Group, today said that it has invested Rs 40 crore in realty developer Paranjape Schemes' project in Pune. The inve.....

CCI approves merger of DLF Construction & DLF Hotels and Apartments with DLF Projects

NEW DELHI: The Competition Commission of India has approved the merger of DLF Construction and DLF Hotels and Apartments with DLF Projects. All the three companies are wholly owned subsidiaries.....

Noida Extension Flat Owners and Members Association to move court

NOIDA: Noida Extension Flat Owners and Members Association ( NEFOMA) decided to take the legal recourse to restart construction work at Noida extension. Among the members present at the meetin.....

DLF accused of imposing unfair conditions on flat owners

NEW DELHI: Anti-monopoly watchdog CCI has again accused India's largest real estate firm DLF of abusing its dominant market position and imposing unfair conditions on home buyers, this time in .....
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