Buoyed by regulatory overhaul and infrastructure boom, engineering conglomerate Larsen & Toubro (L&T) has identified realty business as one of its growth engines for the next 10 years and plans to acquire land parcels while expanding pre-sales, said a senior company executive. L&T Realty has started looking out to acquire land parcels and grab partnership development opportunities across markets to scale up its business. "We are making some strides in that direction, albeit cautiously.
If you are a service provider, especially a real estate agent or a tour operator and not registered with the tax authorities, the service tax department has begun compiling data of such entities and will soon crack down on tax evaders.
The real estate business thrives on creating excess spaces beyond the permitted building codes, short-changing the buyer, and even opting for poorer quality of material. This finds an enthusiastic resonance among the officialdom. Flouting rules is part of the business model, says Mahesh Vijapurkar.
Traditionally, real estate has been the major investment avenue across the world. The trend is not due for a change as the capital appreciation is good. However there are some points to be thought about.
Credai is the apex body for real estate developers in the country and represents over 9,000 developers through 128 chapters in 20 states
India's economic growth rate decelerated to 6.2 per cent in the October-December quarter this fiscal, mainly due to poor performance by mining, manufacturing and all other sectors, with the exception of agriculture. However, on a sequential basis, the economic growth rate in the third quarter showed improvement over 5.6 per cent recorded in the second quarter.
Puneet Wadhwa and Debashish Pachal locate real estate stocks to watch out for.
The real estate sector has underperformed the Sensex in the past 2 years.
Sri Manikanta Associated is looking for summer interns to promote Medical Insurance and Real Estate in and around Hyderabad.
It proposes to set up a regulator in every state.
The Indian market remains an attractive place to do business for the nation's entrepreneurs, with 75 per cent of them operating domestically.
Chennai-based Lakshmi Vilas Bank is set to merge with Indiabulls Housing Finance in a share-swap deal, RBI may not be comfortable with a bank owner having realty business under its wings.
'Understand your financial goals. Next, categorise them by size. Then evaluate your investment options.'
Run and do not look back when you see these real estate code words
This year's Budget comes at a time when interest rates are still high and demand for real estate has remained poor.
As per its approved Financial Restructuring Plan, Air India is required to raise Rs 5,000 crore over a period of 10 years through asset monetisation
Demonitisation will facilitate transparency in the real estate industry, which has had a notorious reputation as a safe locker for black money, says Saket Mohta.
Do you know what's the going rate per square foot in your neighbourhood? Is it the best time to buy real estate/ home? Or should you wait for a while before buying your dream home?
No other asset increases your wealth the way real estate does, says and if you are looking to make a lucrative investment which will surely give you the returns you deserve, property is the answer, says Saket Mohta.
'The intensity and frequency of heatwaves will be much higher than in previous years over Punjab, Haryana, Rajasthan, Gujarat, Madhya Pradesh and Odisha.'
Real estate is a sector which generates second highest employment and contributes approximately 5% of the GDP of the country.
It is the fastest growing sector with ever growing concerns.
In the weeks between his phenomenal electoral victory and swearing-in as the 47th president of the United States, the world got a preview of what a second Donald Trump presidency will entail -- both for itself and America.
India, the world's fourth largest economy with 1.2 billion people, has steadily emerged as one of the most preferred destinations for global business.
Here's a series that will help you understand the factors responsible for why some areas in India are fast emerging as real estate hotspots and help you make informed choices while investing in real estate.
No promoter is allowed to advertise, market, book, sell or offer for sale, or invite persons to purchase any plot, apartment or building, in a project without registering with the authority.
Restricting the input credit is not a good idea for any sector, particularly real estate which requires more formalisation.
It is expected that the global real estate market will see some major improvements in the latter half of the year.
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.
It is important to focus on the 'affordability factor'
Singapore is keen on a public-private partnership with India in infrastructure development, especially in real estate and construction sectors, according to a member of a high-level business delegation visiting Chennai.
Equity benchmark Sensex on Thursday plunged about 965 points to crash below the 80,000 level due to heavy selling in global equities after the US Federal Reserve signalled fewer rate cuts next year. Besides, deep losses in consumer durables, banking and IT stocks amid foreign fund outflows added to the gloom, analysts said.
In the second part of this series that identifies fastest emerging real estate hotspots in India, Estatelister.com explains why Kharadi, close to Pune Airport in Maharashtra, is emerging as a new investment hub.
The race to acquire diversified fintech firm Religare Enterprise Limited (REL) intensified as Dabur group promoters, the Burman family, said it was going ahead with the open offer on Monday and claimed that the counter offer made by US-based businessman Digvijay Gaekwad wasn't valid and will not stand scrutiny of market regulator Sebi. The Burman family claimed that the competing offer falls outside the 15-day window stipulated by the Sebi takeover code, following their initial offer on October 4th, 2023.
Housing Development Finance Corporation on Wednesday announced its foray into the real estate fund business by launching 'HDFC Property Fund' in association with the State Bank of India.
rediffGURU T S Khurana answers readers' personal income tax queries.
The Rs 4,400 crore (Rs 44 billion) Alliance Group will invest Rs 100 crore (Rs 1 billion) to launch the country's first 24-hour real estate information channel next month.
Goldman Sachs, Morgan Stanley and JPMorgan, the three bulge-bracket banking groups of the US, are likely to get active in Indian real estate after a long gap, according to executives with property funds and consultancies.
This year there are high expectations for lowering home loan interest rates, over the next 12 months and increased interest rate subsidy for loans up to Rs 50 lakh.