Good news for property buyers. The obnoxious black money, or the unaccounted cash component, for buying a flat is slowly fading out with buyers calling the shots in a market still being rebuilt after crumbling in last year's financial storm.

Across Indian metros, more and more properties... More

Chennai-based Coromandel Engineering (CECL), part of the US$3 billion Murugappa Group, has lined up a slew of residential and commercial projects in Chennai even prior to its proposed entry into Karnataka.
The company's plans for the metro city span three projects. These include: a... More

Painting a rosy picture of the industry, despite lot of apprehension, the association claimed that the 130 association members have seen 60 per cent growth in sales on a quarter-to-quarter basis for quarters ended March 31, 2009 & June 30, 2009.

The association stressed that it is the right... More

Reviving demand in the infrastructure and real estate sectors is cascading down to the construction equipment rental industry.

Equipment rental firms saw the utilisation rates of their equipment drop nearly 20% in the roads and ports segment and about 60-70% in the real estate sector during the... More

Bogged down by the economic slowdown, the real estate sector is going all out to woo would-be buyers. Builders and realtors from across the country, thus, went all out to promote their upcoming projects at the three-day Property Expo, which concluded at Pragati Maidan on Monday.
In an attempt to... More

The real estate space has started improving post April and south India has started showing signs of picking up too, Ravi Ramu, Director - Finance, Puravankara Projects, said in an exclusive interview to CNBC-TV18.
Puravankara has launched a subsidiary, Provident Housing, to cater to the affordable... More

Nitesh Estates, a Bangalore-based realty major, is on private equity trail after Citigroup snapped a $350-million funding last year, citing the deteriorating economic environment.

The firm has now opened talks with Farallon Capital, JP Morgan and TPG Capital, among others, for raising capital... More

Industry body Assocham today said the government should appoint a real estate regulator to help expedite the redressal of consumer grievances.

"There is a need for an efficient and focused regulatory body to overlook functioning of the real estate sector in order to insure the industry... More

While demand for homes has picked up in the suburbs, thanks to the spate of budget housing projects (homes upwards of Rs 10 lakh) announced by numerous builders recently, banks are still not witnessing offtakes for home loans upwards of Rs 50 lakh.

For instance, Central Bank of India's... More

Despite the global financial meltdown owing to overexposure to the housing sector, Indian banks were quite bullish in their investments to the real estate. The total outstanding credit to the real estate sector by Indian banks, both government-owned and private, at the end of March 2009 was Rs 91,500... More