July 25, 2014 23:50 (IST)
Indian real estate players are helping with their suggestions in framing policies for 100 smart cities in the country proposed by the new government.
July 24, 2014 23:55 (IST)
The Securities and Exchange Board of India (Sebi) will issue final guidelines on newly-proposed real estate investment trusts and infrastructure investment trusts, as also revised norms for ESOPs by listed companies in coming weeks, Chairman U K Sinha said on Thursday.
July 22, 2014 16:46 (IST)
Terming the Budget announcement on giving pass through status to real estate investment trusts (REITs) as a "good beginning", HDFC chairman Deepak Parekh has urged the Finance Ministry to come up with more clarification on taxation front for it to be successful.
July 21, 2014 22:59 (IST)
Domestic cement makers' profitability is likely to improve in the ongoing fiscal year (2014-15) on higher realisation due to improved price, CARE Ratings said in a report on Monday.
July 21, 2014 14:16 (IST)
Vijay Mallya-led Kingfisher Airlines on Monday withdrew its appeal in the Supreme Court seeking to restrain the SBI-led consortium of 17 banks from taking over possession of the 'Kingfisher House' in Mumbai.
July 20, 2014 21:16 (IST)
Even though the government's move to reduce capitalisation limit to $5 million (Rs 30 crore at 1 dollar = 60 rupees) is likely to attract foreign direct investment (FDI) in real estate, industry experts believe global investors may initially focus at major metros than investing in high-risk Tier-2 and 3 cities.
July 18, 2014 19:51 (IST)
A bench of justices Ranjana Prakash Desai and N V Ramana also sought responses from Haryana government, Haryana Urban Development Authority (HUDA) and the resident's association on whose plea the competition watchdog had imposed the penalty on the company.
July 18, 2014 11:16 (IST)
HDFC Property Fund, a part of financial sector conglomerate HDFC group, today announced the closure of $ 250 million international fund focused on investing in Indian real estate.
Mumbai | July 17, 2014 19:02 (IST)
Due to low consumer confidence during last year and even in the first half of 2014, residential property absorption levels reduced significantly resulting in an increase in inventory levels and correction in prices, according to ratings agency Care Ratings.
Mumbai | July 17, 2014 08:14 (IST)
Office space leasing activity in the city is not expected to move significantly before next year although the sentiment in the real estate sector is witnessing some improvement, says property consultant CBRE.
July 16, 2014 21:49 (IST)
According to a confidential government paper seen by Reuters, several states want to do away with obtaining landowners' consent altogether in some cases and to cut through red tape which they say holds up development.
July 16, 2014 20:49 (IST)
EMIs on home loans are expected to come down by 8-10 per cent following the recent move by Reserve Bank of India to ease norms for banks to raise long-term funds for financing affordable housing projects, consultancy KPMG said on Wednesday.
July 16, 2014 18:04 (IST)
The Reserve Bank has also changed the definition of affordable housing to factor in rising property prices and inflation. In the six metros, property valued up to Rs 65 lakh will qualify for housing loans up to Rs 50 lakh under priority sector lending, while in other cities, property valued at up to Rs 50 lakh will be eligible for housing loans up to Rs 40 lakh under priority sector lending, the central bank said.
New Delhi | July 14, 2014 17:13 (IST)
Even as the Narendra Modi government's maiden Budget promises to boost the real estate sector, an industry association has said the Centre needs to bring more clarity on tax structure for real estate investment trusts (REITs).
July 08, 2014 17:07 (IST)
The new fund, Indiareit Apartment Fund, will acquire the units at a discount to the prevailing market price by offering a bulk purchase to developers, according to the statement.
July 04, 2014 13:47 (IST)
While most analysts would still label the real estate industry as a "high-risk, reasonable reward" opportunity, those who made it big would swear by it.
New Delhi | July 03, 2014 07:38 (IST)
"The quarter saw an approximately 26 per cent increase in quarter-on-quarter total office space absorption across these prime locations, from a little more than 6 million sq ft in Q1 2014 to nearly 8 million sq ft in Q2 2014 - signalling the generation of reasonable employment opportunities," CBRE said in a statement.
New Delhi | July 01, 2014 01:51 (IST)
The Confederation of Real Estate Developers Association of India (Credai) has sought tax incentives on development of affordable housing projects and interest rate reduction on home loans to below 7 per cent in its budget wish list to boost growth in the sector.
Mumbai | June 28, 2014 11:29 (IST)
The formation of new government at the Centre has boosted investor sentiment, especially in the real estate sector that has been going through a tough phase with a drop in sales and debt pile-up, according to a report.
New Delhi | June 27, 2014 10:13 (IST)
The Delhi Development Authority (DDA) has decided to pay a simple interest at 8 per cent instead of the current 5 per cent on registration deposits for all its future housing schemes.