The real estate sector has underperformed the Sensex in the past 2 years.
Major companies DLF and Unitech have posted an increase in their net profit after a gap of almost two years.
Mihir S Sharma asks a few questions on l'affaire Vadra, and makes notes on who should answer them and why
Activist Arvind Kejriwal on Monday attacked Bharatiya Janata Party leader Shanta Kumar for asking them to include Priyanka Vadra's property in their fight on DLF-Robert Vadra issue, saying the party-led Himachal Pradesh government has the details and it should make the details public.
Developers could not find the model of affordable housing viable as they used same resources for premium projects and due to rise in cement and steel prices.
Fresh capital raised by companies by way of initial public offerings (IPOs) is set to hit a 14-year high, thanks mainly to Zomato's maiden offering. India Inc has raised about Rs 19,300 crore in fresh capital by maiden offerings, including the Rs 9,000 crore the food delivery company will raise this week, so far in 2021. The best year in terms of fresh fund-raise was 2007, when companies had raised Rs 32,102 crore. With Paytm planning to issue fresh shares worth Rs 12,000 crore, the domestic market looks set to surpass that tally this year.
Sticking to its demand for a probe into Arvind Kejriwal's allegations on Robert Vadra's dealings with DLF, the Bharatiya Janata Party on Sunday said those involved should put forward "concrete clarification" on the charges to put an end to the issue.
While other Indians in the fray went over par, the 21-year-old from Chandigarh sank five birdies, including one at the 18th, against three bogeys and a double bogey at the 17th, to share the lead with English golfer Matt Wallace, who carded two-under 70 to total 209.
Caught in a controversy over allegations that he was favoured by realty major DLF, Robert Vadra has broken his silence saying he can "handle all the negativity" even as Congress and BJP sparred over the issue.
We should not be listening to the real estate sector's demands on interest rates. Clearly we know where the problem is, says Govindraj Ethiraj.
The head of a global advisory firm in the US said in a recent conversation that India was the most unpredictable territory because nowhere else in the world did you have the same combination of complicated rules and enforcement with a random harshness.
Puneet Wadhwa and Debashish Pachal locate real estate stocks to watch out for.
The buy/sale agreement between the two parties is back in focus.
After his recently published autobiography Whatever the Odds, he's already looking forward to a biography, where he's known as a giver more than anything else.
Slump in realty market to add to woes, debt of top players likely to rise 15-20% this financial year
At least half a dozen are in the works with increasing brand awareness and growing purchasing power in upper classes.
Whether it is DLF in the National Capital Region, or Godrej Properties and Oberoi Realty in Mumbai or Sunteck Realty, Prestige Estates and Sobha Realty in Bengaluru, most top players have launched or lined up a slew of new project launches during this season.
High net worth investors (HNIs) caught in the Rs 405-crore fraud at Citibank's DLF Phase-II branch in Gurgaon, have recovered their money, with the bank refunding the principal amount, pending investigations.
Khemka had been chargesheeted by the previous Hooda government, which had accused him of exceeding his jurisdiction by cancelling the mutation of the land deal over three years back between Skylight Hospitality, owned by Vadra, and DLF.
Land costs constitute 50 to 60 per cent of a project's overall costs.
According to BS research, this makes K P Singh the fourth richest Indian by today's market capitalisation, after Mukesh Ambani, Anil Ambani and Sunil Mittal. He overtakes Wipro's Azim Premji, who ranks immediately after him.
Gurgaon and Mumbai, the richest cities in Haryana and Maharashtra, respectively, have always been the preferred markets for investors. Most parts of these cities are beyond the reach for those looking for affordable homes.
Aggressive acquisitions & deep pockets fuel real estate competition; experts suggest future partnership
The 30-share Sensex ended down 35 points at 26,349 and the 50-share Nifty ended down 20 points at 7,864.
Listed realty developers saddled with unsold properties worth Rs 1 trillion
Most of the projects launched in last few months are working on construction linked payment plan, which could help them win confidence of buyers.
The plan is to de-notify the entire SEZ.
Hurun Report and GROHE India named Lodha Developers' M P Lodha and family as India's richest real estate entrepreneur with a wealth of Rs 31,960 crore, followed by DLF's vice chairman Rajiv Singh and Embassy group founder Jitendra Virwani in the second and third position respectively. Total wealth of top 100 Indians in the real estate sector stood at Rs 2,77,080 crore -- up 17 per cent against 2018. While Mumbai accounted for six of the top 10 and 37 of the 100 names, Delhi and Bengaluru had 19 residents each who featured on the list. Smita V Crishna of Godrej Properties featured as the richest woman.
'If people show laxity by not wearing masks or wearing it inappropriately or violate social distancing norms, and if law enforcement agencies do not penalise and ensure violations do not increase in quantum, then we are certainly in for a trouble. And, the next wave could be worse than the second wave situation'
"Undue favours" to builders, including Robert Vadra's Skylight Hospitality, by the Haryana government during the Congress regime has come under attack from the Comptroller and Auditor General.
Litigation, regulations and the process of seeking approvals have also discouraged some developers.
A summary of sports events and persons who made news on Sunday
Many developers are increasing prices by 15 to 30 per cent the moment they became sure of demand returning.
However, the ministry of law opined that though there is no specific provision in the SEZ Act and Rules, the power to notify includes power to de-notify also, sources said. Industry experts said that the SEZs which are finding it difficult to continue should be allowed to quit.
The board of approval, headed by commerce secretary G K Pillai, will also consider requests from realty major DLF for de-notification of its IT-ITeS SEZs in Gujarat, Haryana, West Bengal and Orissa. Larsen and Toubro has proposed to set up an IT SEZ in Mumbai, while Gulf Oil Corporation has moved application for a similar tax-free zone in Bangalore.
Real estate development major DLF Universal Limited, part of the Rs 1000 crore (Rs 10 billion) DLF group, would set up the country's largest information technology park in West Bengal, which would be ready within 24 months.
After a long hiatus, home sales are finally back on track. Sales of major real estate developers have more than trebled in the June quarter compared to the preceding three months, amid growing expectations that the good times will continue to roll.
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