Recently Reserve Bank of India has cut its rates by 0.25 per cent. However this has not satisfied the realty developers, who say that the rate cut is insufficient to boost home sales. Reserve Bank of India has recently cut its rates by 0.25 per cent. Though the realty developers welcomed the RBI move, they […]
By skgupta
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Posted in Property News
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Also tagged Assotech, Credai, DLF Group, Housing Industry, housing sector, India Real Estate, Lalit Kumar Jain, Rajeev Talwar, RBI, Reserve Bank Of India, Sachin Sandhir, Sanjeev Srivastva
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Water, without any doubt, is one of the most important materials for construction sector. If there is no sufficient water, the construction is not possible. Approximately two to three lakh liters of water is daily used for the construction of a single project. Now you can think how important water is for construction sector. In […]
Real estate major will continue to sponsor Rajasthan Royals which has extended its contract for the sixth edition of IPL. What the relation between the Cricket and Real estate? You may feel that both real estate and cricket have nothing in common. Yet, there is no competition between the two. Though they do not share […]
Realty sector blamed budget 2013 for not implementing any sort of real estate reforms. Industry had expected the budget to implement some reforms to boost the sector. Now the real estate sector could be divided well into two phases; the first that of hopes and expectations and the second that of despairs and unhappiness. It […]
Recently announced Budget 2013-14 has proposed Rs.1L Deduction to the home buyers who will be buying their first home. Those who are preparing to own their first home will be glad to hear that they will be given Rs.1L as deduction in their interest. However the new proposal of Budget 2013 will be helping only […]
February 27, 2013 – 5:12 pm
In a move to boost the real estate sector and construction of high-rise buildings, environment ministry now plans to ease the Green Norms. You may be witnessing taller buildings along the narrow lanes and corridors. Yes, this will be possible if the environment ministry eases the green norms for construction. The builders will be happier […]
Bangalore-based, Century Real Estate and the Indian Institute of Management Bangalore has signed an MoU for setting up the IIMB-Century real estate research initiative. The IIMB-Century Real Estate Research Initiative will focus on collecting data and conducting scientific, cross-disciplinary research on the Indian real estate sector that will be published in leading academic and practitioner journals, the […]
The LiveNRI has announced an upcoming India Property Road Show on May 5th 2012 (Saturday) and May 6th 2012 (Sunday). The timings will be 11am and 7pm (by appointment only). It is an option for investors and home buyers, who are looking for nice property in India. The new solution has been developed to meet […]
The much-awaited regulatory Bill for the real estate sector is still a long way off. The draft Real Estate Regulation Bill will not be tabled during the current session of Parliament, a senior official in the Ministry of Housing and Urban Poverty Alleviation has confirmed. The Bill has been in the making for several years […]
The real estate industry is at loggerheads with the state government after a directive by the Urban Development Department to private developers that they reserve 20 per cent of plots and tenements for the economically weaker sections (EWS). The move is being opposed not only by individual developers but also by the Confederation of Real […]
By skgupta
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Posted in Property News
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Also tagged 20% Reservation, Avinash Patil, Confederation of Real Estate Developers Association of India, Credai, deputy director, economically weaker sections, EWS, Hemant Naiknavare, Pune Metro, Rajeev Awaas Iona, real estate industry, State government, Town Planning Department, TPD, Urban Development Department, Vice President
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The real estate sector in Bangalore has grown to a large extent in the past one year. In the year ahead, the city’s realty is expected to grow by 25 per cent, estimates the Karnataka Chapter of the Consortium of Real Estate Developers’ Associations of India. Sushil Mantri, president, CREDAI Karnataka said “We are expecting the […]
February of 2012 saw $922.7 million of private equity (PE) investments in Indian companies across 51 deals, 58% higher than the investments of $583.8 million across 24 deals in the same month last year. However, the average deal size declined to $23.1 million from $38.9 million last year, as February 2012 was marked by a […]
By skgupta
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Posted in Property News
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Also tagged (BFSI), (PE), banking, February, financial services and insurance, Indian companies, investment chart, Investments, PE chart, Private Equity, smaller value deals
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Share of the housing sector to the overall GDP is likely to rise by one per cent to 6 per cent on increased investment revealed by the latest Economic Survey. Currently, about 5 per cent of India’s GDP is contributed by the housing sector. With institutional credit for housing investment growing at a compounded annual […]
By skgupta
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Posted in Property News
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Also tagged 2012-13 Budget, affordable housing projects, Credit Guarantee Trust Fund, ECB route, enabling atmosphere, external commercial borrowings (ECBs), housing and construction, housing sector, inance minister, India’s GDP, Interest subvention, overall GDP, Resurgence
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Finance Minister Pranab Mukherjee going to present the Union Budget 2012 which is expected to provide relief in terms of policy reforms with the real estate sector of the economy coming under repeated credit pressures owing to high interest rates for borrowing. Experts say that the real estate sector needs government support as well as further stimulus […]
By skgupta
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Posted in Property News
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Also tagged Affordable Housing, Central Government, Finance Minister Pranab Mukherjee, Financial Institutions, founder and chief executive officer at Prop Equity, High Interest Rates, Industry status, liquidity crunch crisis, Real Estate Companies, Realty Experts, Samir Jasuja, Union Budget 2012-13
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September 5, 2010 – 11:34 pm
On June 15, the revised Direct Tax Code (DTC) was released which has got approval now. This new DTC will be implemented from 2011. The aim of this revision is to simplify the existing income tax laws. There are some changes proposed in the code for the real estate sector too which go as follows: […]
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Also tagged Acquisition, Direct Tax Code, DTC, Home Loan Interest, Home Loans, income tax laws, interest policy, Residential Properties, Residential Property, tax calculations, tax deduction, taxation policy
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August 15, 2010 – 10:49 am
Photo by Ravi Karandeekar On Friday, Alembic, India’s oldest pharmaceutical company announced its entry in real estate sector as it has launched a company called Alchemy Real Estate. The CEO of this company will be Mr. Udit Amin, son of chairman and managing director of Alembic Limited Chirayu Amin. The city-based pharmaceutical major Alembic had […]
Competition Commission of India (CCI) has decided to take action against the malpractices taking place in the real estate sector. While any specific complaints would be dealt with, misleading the buyers would also be considered as a malpractice. Some sources revealed that apart from the general complaints of conditions of sale agreements, change in terms, […]
A leading private equity fund, Ireo, which is dedicated to the Indian real estate sector with nearly $2 billion of funds, has annunciated the launch of the tallest residential towers in Gurgaon which would be called Victory Valley. There will be adjacent mid rise options along with the three high-rise residential towers which would essentially […]
Photo by on Vacation ModeOne of the most prominent bodies of realty developers and builders, Maharashtra Chamber of Housing Industry (MCHI) has planned to showcase the phenomenal work of Indian builders in the field of property in the 13th India Realty Expo 2010. This expo is scheduled from 3rd to 5th June, 2010 in Dubai, […]
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Also tagged commercial sector, Credai, Dubai, expo 2010, Goa, golden opportunity, Housing Industry, Mchi, Mumbai, Nris, Pune, Real Estate Developers, Real Estate Developers Association, Realty Market, renaissance hotel, showcase
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Analysis of the growth in real estate sector in last few years was performed. It revealed some very interesting statistics of the growth. The facts go like this: In 2007, the office sector experienced highest demand. Grade A office space of about 32 million sq ft leased out in that year. But after that, it […]
March 18, 2010 – 11:04 am
March 18, 2010 Although most of the ample to mid-sized fresh offerings have received a cold response, the news is that quite a few real estate companies are bent on going ahead with their initial pubic offering (IPO) plans. Rumor in the market is that apartments at discounted rates in the projects of these companies […]
March 11, 2010 – 12:41 pm
tThe real estate sector got hit quite seriously by the budget details. Very intelligently the Budget bribed the home buyers in the form of interest rate subvention and tax savings. On the other hand service tax on lease rentals in the Finance Bill was also brought back. So, the builders decided to pass on the […]
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Also tagged bribe, budget details, completion deadline, dampener, disposable income, finance bill, Finance Minister, himachal, Hotel Industry, Lakh, maximum tax, Rs 50, rs 8, subvention, tax burden, tax reliefs, time relief, Tourism Sector, uttarakhand
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September 26, 2009 – 12:41 pm
Real estate sector in the country will witness a prolonged and robust demand. According to a report by global realty consultation firm Cushman & Wakefield, the pan-India residential demand for 2009-2013 could be around 7.5 million units and that for office space at 196 million square feet. The Cushman & Wakefield India Real Estate Investment […]
September 2, 2009 – 4:08 pm
In coming years, India is expected to outperform the global markets with a growth rate in the range of 7 percent to 10 percent. This will benefit the real estate sector, which is closely linked to high growth in the economy. A decrement in property prices, reduced interest rates and stability in the job market […]
January 9, 2009 – 1:46 am
Loans extended by banks to hotels and hospitals may no longer be treated as commercial real estate category. The Reserve Bank of India revised norms on real estate exposure where it included loans extended against security of future rent receivables from commercial real estate exposure. The revised norms will not immediately impact banks’ balance sheet. […]
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Also tagged Bank Loans, Bank Of India, Cash Flows, Commercial Loans, Commercial Real Estate, Economic Cycle, Fluctuations, Hospitals, Norms, Reserve Bank Of India, Room Rents, Stimulus Package
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