the Finance Ministry has proposed a four-tier GST structure, with a lower rate of six per cent, two standard rates of 12 per cent and 18 per cent and higher rate of 26 per cent.
On an annual basis, Chennai witnessed the maximum increase of 23.9% in the first quarter of 2016-17; whereas Jaipur witnessed the maximum contraction (-4.4%), according to the RBI.
Justice Mukta Gupta granted the relief to Unitech Ltd's chairman Ramesh Chandra, and managing directors Ajay Chandra and Sanjay Chandra after their counsel assured the high court that they would appear before the trial court on the next date of hearing on October 26.
In the year-ago period, the company had sold 29 units for sales value of Rs 140.84 crore, while the sales bookings were Rs 406.28 crore in the first quarter of this financial year.
Oberoi Realty has reported 12 per cent increase in consolidated net profit at Rs 83.72 crore for the quarter ended September on higher sales.
The country's largest realty firm said it is progressing towards an advanced stage of discussions with third party institutional investors on the terms for the shareholders agreement.
IT/ITeS firms continued to lead office transaction activity, accounting for about 54% of the deal closures.
With their patience on "burial pyre" home buyers who suffered due to inordinate delay in getting their flats from reality firm Unitech Ltd, narrated their ordeal and anguish before the Supreme Court which directed the builder to refund their money.
The Rs 17 crore will cover the buyers for the principal amount they gave Unitech for the flats in its Vistas project in Gurgaon.
The apex court's observation came after real estate firm Parsvnath Buildwell Pvt Ltd said it will give flats to 70 home buyers, who are before the court, by December 17.
The buyers, whose flats have not been delivered yet, had approached the top court seeking refund.
Saradha Realty, as also its promoters and directors, were asked by markets regulator Sebi through an order in April 2013 to wind up all existing collective investment schemes (CIS) to refund the money collected from investors, with returns, within three months.
In fast-growing cities across the developing world more than 70% of residents lack access to basic services like clean water, affordable transportation or decent housing, a research group said ahead of a U.N. conference on urbanization.
Realtors' body NAREDCO on Thursday demanded tax relief and increase in land supply to develop affordable homes so as to help achieve the government's 'Housing for All' objective.
In Bengaluru, the activity has come to a total standstill, first by the demolition drive and then by Cauvery dispute agitation, a survey by Assocham revealed.
Sobha Limited said the second quarter has shown an encouraging trend of sustaining sales momentum and achieving higher realisations.
Brookfield Asset Management has signed an agreement with the Hiranandani Group to acquire its offices and retail space in Powai in the megapolis for a whopping Rs 6,700 crore.
Signs of early stress are clearly visible in the LAP business loan pools assessed by it, indicated by a sharp rise in 90 days past due (dpd) delinquencies for some of the large players, says India Ratings.
Online marketplace Snapdeal announced a property sale on its platform, offering 10 per cent discount on basic selling price to customers, as well as other freebies.
Further growth of the economy will positively impact demand in the housing segment and the overall real estate sector, an expert said.