CommonFloor offers freelance photography jobs has introduced a new ‘Free-lenser’ program aimed at amateur and freelance photographers that will help them work and earn. CommonFloor is calling-in entries from photographers who are interested to "capture pictures of a locality which can depict the essence and nuisance of that area." "This first-of-its-kind program will work as a vehicle for photographers […]

Google, Magicbricks to launch Great Online Home Festival

After the Great Online Shopping Festival, it’s the Great Online Home Festival or GOHF. The ten day long online event, organized by Magicbricks, GroupM and Google – will be held from 18th July till 27th July, 2015. Property stock worth upto Rs. 3000 cr will be available for customers to choose from, Magicbricks said in […]

Magicbricks launches map search for apartment seekers

Magicbricks, one of the players fighting it out in the highly competitive online real estate classifieds business, said it had implemented a full-fledged map search feature on its website. Map search, in which users can visually search for apartment complexes and photo-view are the two features that helped disruptive start-up to corner a large […]

Fitch cuts outlook on Lodha Developers to ‘Negative’ from ‘Stable’

Fitch Ratings has revised its outlook on India-based property developer Lodha Developers Private Ltd to Negative from Stable saying the real estate major’s reduction of debt has been slower than expected. However, the ratings agency expects improvements in the company’s operating metrics this year. “The Outlook revision reflects weaker-than-expected operating performance for the financial year […]

Indiabulls Asset Mgmt to invest Rs 10,000 cr through real estate funds in 5 years

Just in case you are one of those people who believe that the Indian real estate market still has upside, Indiabulls Asset Management has launched its maiden real estate fund. The Rs 500-cr fund will invest in residential projects in top 5 cities in India. “We plan to scale up our AIF / Co-investment presence […]

Builder argues real estate investment not covered under consumer law

Giving relief to a builder, the National Consumer Disputes Redressal Forum has asked the Punjab State Consumer Disputes Forum to determine whether someone who buys a real estate property without the intention of living in it can be given protection under consumer laws. In a case involving delay in the hand-over of flats, real estate […]

Global real estate firm Hines to invest Rs 1,500 cr in Indian market

Hines, the international real estate firm, has launched a new $250 mln investment vehicle known as Hines India Residential along with an international partner for investment into the Indian housing real estate sector. With offices in 115 cities in 18 countries, and controlled assets valued at approximately $28.2 billion, Hines is one of the largest […]

Reduce home loan rates to 8% – real estate developers

National Real Estate Developers Council (NAEDCO) asked for lowering of interest rates on home loans to 8% and said it would help achieve housing for all by 2022. In a ‘Delhi Declaration’ issued at the end of the two-day national convention, NAREDCO welcomed the government’s commitment to clear various bottlenecks in implementing the policy and […]

Bangalore attracts maximum NRI real estate investment – survey

Indian property developers are anticipating a 35% surge in enquiries from NRI-based purchasers as compared to last year about 18%, even as Bangalore remains their favorite destination, reveals the Associated Chamber of Commerce and Industry of India (ASSOCHAM) latest study. The ASSOCHAM conducted a random survey of nearly 850 real estate developers in Delhi-NCR, Chandigarh, […]

Builder Emaar MGF penalised for delay, deceptive practice

Real Estate builder Emaar MGF has been penalized by the National Consumer Disputes Redressal Commission for “deceptive practice” for “mischievously and cleverly” not giving a fixed delivery date before taking 11 lakhs from the customer for plot in Mohali. The Commission found that Emaar MGF had induced its customer to pay more than Rs 11 […]

RBI guidelines on long-term infra bonds positive for banks – Moody’s

Rating agency Moody’s said the Reserve Bank of India’s new guidelines on exempting long-term from reserve requirements will allow banks to compete more effectively in the infrastructure loan market. “The new regulations are also likely to foster an improvement of banks’ competitive positioning vis-à-vis housing finance companies and infrastructure finance companies, because the banks’ lower […]