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Top Stories Blackstone in advance talks to buy 40% stake in Gurgaon DLF Cybercity ETRealty New York-based Blackstone is looking to buy the stake at a capitalisation rate of about 9.5%, which is the potential return on investment.  Read more Tata Housing disappointed over reports of Lanka project review ETRealty Tata Housing Development Company today refuted reports of a probable review of its $400 million mixed use project in Sri Lanka by saying that these allegations are "not factual in nature".  Read more Noida land mafia walk free, sell illegal riverbed plots with ease ETRealty The district administration has failed to crack down on the land mafia, who have encroached on the riverbed and are selling pieces of land, some of them with farmhouses built, to gullible buyers.  Read more SBI to hold mega online property auction to cut $10-billion bad debt ETRealty SBI's auction will be the biggest nationwide online sale to date and is a rare public move to turn distressed loans into ready cash.  Read more 20,000 illegal constructions in Navi Mumbai to be regularised ETRealty Maharashtra government will regularise 20,000 illegal constructions in adjoining Navi Mumbai, Chief Minister Devendra Fadnavis informed the state Assembly here on Thursday.  Read more Aliens Group in trouble again as NRI customers allege 'dubious deals' ETRealty Already charged with cheating local buyers, the city-based Aliens Group is now being accused of scamming international customers spread across Singapore, Australia, UAE, the United Kingdom and e..  Read more No property tax for 2008-10 in Gurgaon ETRealty The MCG has decided to waive property tax for the financial years 2008-09 and 2009-10.  Read more India clocks 140% rise in realty investment in 2014, third highest globally ETRealty This was the highest investment levels in the last five years, which helped India feature amongst the top 20 highest priority investment market in 2014, reports real estate consultants Cushman & W..  Read more Infra firm AECOM to expand in India; to hire 1500 more employees ETRealty Looking to expand in India, US-based infrastructure design and consultancy giant AECOM plans to hire 1,500 new employees here as it prepares to participate in initiatives like 'Smart Cities' and 'Make..  Read more Brookfield scouting for CEO for Unitech Corporate Parks ETRealty The CEO will manage the London Stock Exchange-listed Unitech Corporate Parks's operational assets and existing tenants, and supervise the remaining construction work, according to a report in Live Min..  Read more

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Residential Why is housing for poor still a far cry? ETRealty State governments may have queued up to get huge loans for housing for the poor, but their low absorption capacity has exposed how the Centres mission to provide shelters to all by 2022 will be a t..  Read more Saudi replaces housing minister after king vows to address shortage ETRealty Saudi Arabia's King Salman replaced the housing minister late on Wednesday, a day after pledging to speed efforts to end a shortage of homes in his first address to the nation since becoming monarch i..  Read more Canadian home prices rise in February ETRealty Canadian home prices rose in February from a month and year earlier, the Teranet-National Bank Composite House Price Index showed on Thursday  Read more Realty sector loses sheen in Andhra capital ETRealty The real estate sector in Krishna and Guntur districts, which was touted to scale new heights after the region was selected as the new capital of Andhra Pradesh, is facing a crisis with land rates rep..  Read more Relief for Chennai residents in ASI protected areas ETRealty Thousands of residents in suburban Pallavaram and Sembakkam near Tambaram, who have not been able to sell land or construct houses on it as it was in areas marked as restricted by the Archaeological S..  Read more

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Commercial Tax hurdles may delay REITs livemint.com Issues such as minimum alternate tax, dividend distribution tax have not been addressed in budget, say analysts  Read more Over 7,000 acres of capital complex to come up in new Andhra capital ETRealty The state Budget for FY 2015-16 proposes allocation of Rs 3,168 crore for urban development, including development of the capital city.  Read more

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Regulatory East Delhi authority to act against 4,600 property tax defaulters thehindu.com With the financial year drawing to a close, the East Delhi Municipal Corporation (EDMC) has identified thousands of property tax defaulters who will be facing strict action soon.Defaulters include Del..  Read more 1,587 notices to builders in Nagpur, zero action ETRealty Certain unscrupulous builders in Nagpur are having a field day. They violate rules with impunity, confident that the civic body will take no serious action.  Read more

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Industry 575 projects registered for GRIHA ratings for green buildings ETRealty About 575 projects, covering 21 million square meters, are registered for certification under the GRIHA, a national rating system for green buildings in India.  Read more Indian CEO to speak at SelectUSA Investment Summit ETRealty Vijay Chandru, Chairman and CEO of Bangalore-based technology firm Strand Life Sciences is the only Indian CEO who would speak at the Investment Summit.  Read more Gr Noida's plan to set up Rs 50 cr heliport approved ETRealty Greater Noida is all set to get a heliport with the Greater Noida Industrial Development Authority's consultant RITES giving its nod to the project's feasibility report.  Read more

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Allied Industries R-Infra might sell part of cement biz