Cement and steel prices have shot up sharply in the past four months, with steel prices rising 10 per cent and cement increasing 34 per cent since January.
The Army Court trying Lieutenant General P K Rath in the Sukna land scam on Wednesday rejected his petition to examine private realtor Dilip Agarwal, saying the defence was given ample opportunity to put questions to Agarwal when he was a court witness.Presiding officer I J Singh took on record the letter purportedly written by Agarwal to the court claiming that Rath was innocent.
For the first time in the history of Indian armed forces, a serving lieutenant general will face a court martial for his alleged involvement in financial irregularities. Former 33 Corps Commander Lieutenant General General P K Rath will face a court martial starting August 30 for his role in issuing a no-objection certificate to a private realtor for building an educational institution on a 70-acre piece of land adjacent to the Sukna military station in West Bengal.
After the reconvened Court of Inquiry (COI) was completed earlier this month, the army initiated the summary of evidence against him at the Eastern Command headquarters in Kolkata from Tuesday and General Prakash was slapped with five charges.
Although both Telangana and Samaikyandhra agitators are still fighting over the status of Hyderabad, many builders are showing a keen interest on 'construction activity' in Vijayawada, said Giridhara Prasad Gupta, a real estate businessman.
The decision to split Andhra Pradesh may have caused thousands to celebrate across Hyderabad, but it has made a considerable number of residents of the state capital apprehensive about their future.While original inhabitants of Telangana region remain unaffected by the developments, it is the 'settlers' (as they are called in Hyderabad) from Rayalseema and Andhra, who are worried.But the issue of Hyderabad becoming a part of Telangana has worried real estate developers.
The Enforcement Directorate on Thursday conducted searches on the premises of realtor EMMAR MGF in connection with the multi-crore illegal Hawala and investment case involving former Jharkhand Chief Minister Madhu Koda.
Disciples and followers of music legend Pandit Jasraj in the United States paid their tributes to the Indian classical vocalist and described his passing away as an irreparable loss to India and its cultural heritage while fondly recalling his humble and gentle nature.
Increase in income from agriculture and growth in overall rural economy coupled with huge migration of labourers to the Gulf countries are impacting the steady flow of masons, plumbers, electricians and other skilled and unskilled job workers in the construction sector.
Mhada presently has only Mumbai and Nashik cities in mind. If it takes off here, the thinking is to extend this to Pune and Aurangabad, and then elsewhere, if a common formula could be arrived at.
Realtors expect BMC's 'single window' clearance to be a game changer, leading to correction in property prices.
With federal help for home buyers and owners, the housing market is on its way to recovery, reveals the latest survey by the National Association of Realtors.
From Rafale relief to heat on realtors, 10 landmark Supreme Court judgments in 2018.
The Armed Forces Tribunal on Wednesday refused to grant interim relief to Lt Gen P K Rath seeking a stay on the summary of evidence proceedings against him in the Rs 300 crore Sukna land scam case.
The Vedic Village scandal is now threatening to snowball into a major land scam involving both the ruling Communist Party of India-Marxist and the Opposition TMC leaders, who were instrumental into facilitating the land mafias like Gaffar Molla and others to have free hand in forcibly acquiring farm land for a private realtor on the outskirts of the state capital.
The Indian Army on Monday decided to issue show cause notices to a top General and three other senior officers named in a land scam in Darjeeling, amidst speculation that soon-to-retire Military Secretary Lt Gen Avadesh Prakash may escape sacking.
Booked between 2007 and 2011, out of the total 32,700 residential units under various Jaypee Infratech (JIL) projects, at least 20,000 homes are yet to be delivered. Supreme Court documents show that, till last March, Jaypee had issued 7,997 offers of possession to homebuyers while executing only 6,530 sub-lease deeds. These deeds offer homebuyers possession rights but, unlike registration, does not guarantee absolute ownership.
Real estate developer K Raheja Universal Private Ltd wants to scrap one of their notified special economic zones and also surrender a part of another zone, citing lack of demand from the information technology sector.
The Army has charged Lieutenant General P K Rath with granting a No Objection Certificate to a private realtor with an "intent to defraud" even as his counsel has said the Court of Inquiry did not talk about any such intent during its probe in the Rs 300 crore Sukna land scam case.
Rustomjee Business School, promoted by realtor Boman Irani, stands tall on S V Road in Mumbai's Dahisar area. Just a year ago, it was the site of an equally impressive Mega Mart promoted by Vishal Retail.
With the recovery of three more bodies from the debris, the death toll in Canacona building collapse in Goa has risen to 24 even as the operation to remove the rubble has entered its final phase.
Realtors split on possibility of price fall, gold may replace cash in secondary deals.
Leading theatre chain PVR Ltd announced a cash-and-stock deal to buy out realtor DLF group's national multiplex chain, DT Cinemas.
Speculators often leveraged volume discounts on property purchases to re-sell them at prices lower than those available to individual buyers. This created problems for realtors when demand slowed, since it put pressure on them to take a hit on margins and lower prices still further. The lock-ins are expected to be introduced mostly for mid-income projects that offer prices 20 to 30 per cent below the market and, therefore, attract more undercutting from bulk discount buyers.
The head of India's largest realtor is known as a businessman who likes to cut his losses.
Real estate developers are banking high on ultra-luxury projects.
The actor is doing a full-fledged role in a Telugu film called Kalavaramaye Madilo.
Proceeds of the crime had been siphoned off and laundered or concealed, or layered and integrated into the main financial system through the acquisition of properties. His wife Bindu Kapoor has been charged with being aware of the source of monies that were being routed through these companies.
Reflecting the sombre mood in the real estate sector, the Maharashtra government, for the first time in eight years, has not changed the indicative prices of properties in the ready reckoner, which is used by the government to charge stamp duty on property transactions.
K P Singh and family, promoters of DLF, are in advanced stages of discussions with leading foreign institutional investors to sell 6 to 7 per cent in India's largest realtor to raise Rs 2,000 crore to Rs 2,500 crore.
According to industry estimates, around Rs 8,000 crore of real estate projects covering over 40 million square feet are facing delays.
Rajbir Singh, a controversial Delhi Police 'encounter' specialist with over 50 kills to his credit, was shot dead on Monday night in neighbouring Gurgaon allegedly by a property dealer over a dispute on "investments" he had made with the realtor. The 48-year-old assistant commissioner, whose career had its share of both glory and controversy, was gunned down at the office of the real estate agent Vijay Bhardwaj after an altercation over payment of money in a property deal.
Delhi-based realtor Parsvnath Developers will open 10 retail stores this year and develop 21 commercial projects as part of its plan to foray into retail, Chairman Pradeep Jain said.
The Goa Crime Branch on Wednesday arrested two senior government officials in connection with the last month's building collapse that left more than 30 people dead.
A UP Police officer said Ashish Pandey, a realtor from Lucknow, held licences for three firearms, which have now been suspended.
Indian real estate industry, which is currently pegged at $16 billion, is witnessing increased interest from several international developers, primarily from the Middle-East, South-East Asia and Europe.
The floor seems to be divided between realtors and Gujarat urban development authorities on the implentation of the New Integrated Township Policy. Township projects worth over Rs 10,000 crore (Rs 100 billion) in and around Ahmedabad have been left in a lurch due to this, according the real estate developers. Many developers who have already earmarked land for the townships feel that the policy is not yet implemented
The victim was 35-year-old B Prashant Reddy, Venkat's close friend and business partner.
In both good and bad times, we will do things that are good for the company and its shareholders. We are not a company that decides strategy on the basis of newspaper articles or analyst comments.
All laws have been modified to omit the domicile clause for property rights in the valley. This effectively means that anyone with enough money to spend can now technically buy property there, writes Sai Manish.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances