'When honest, wealthy people come forward to serve India, people should feel proud and welcome them.'
Piramal Realty will invest Rs 3,500 crore over the next two years in four ongoing housing projects as it aims to deliver a 6 million square feet area to customers, its CEO Gaurav Sawhney said. Founded in 2012, Piramal Realty is the real estate arm of the business conglomerate Piramal Group. It is one of the leading developers with 15 million square feet of residential and commercial under development in the Mumbai Metropolitan Region (MMR).
India Post plans to turn to its real estate holdings to beat the debt trap. It is considering commercialising its real estate to increase revenues.
Worli and Mahalaxmi in Mumbai Metropolitan Region are placed at second and third positions with average housing prices of Rs 41,500 and Rs 40,000 per sq ft, respectively.
UB City is the biggest commercial property in Bengaluru.
Sprawling complexes along the Mumbai-Pune expressway and the Mumbai-Nashik highway are hard to miss.
He is widely admired for maintaining an almost military like discipline and is not known to smoke or drink
Five years after demonetisation, which sought to curb black money and reduce cash circulation in the economy, 70 per cent of respondents said they paid a large component of the total payment towards a real estate transaction in cash. About 16 per cent said they paid over half the amount in cash, observes Shyamal Majumdar.
Indian investors have been acquiring large lots mainly for residential conversions.
On the residential segment, there is a new thing opening up, and that is organised rental housing.
CPPIB is looking to partner with RMZ because the latter is aggressive on both new developments and acquisitions.
Excerpted from Sahara: The Untold Story by Tamal Bandyopadhyay.
'The shadow banks are currently facing a liquidity and solvency crisis.' 'The danger is that it could potentially engulf the entire financial system because shadow banks have borrowed huge amount of money from banks, mutual funds, pension funds, and insurance companies.'
Real estate players say they are in talks with companies to build their customised stores in India.
However, leading real estate players like DLF and Unitech denied being in talks with any foreign brands.
Cut to 2019, and his name evokes grief and anger among more than 40,000 homebuyers who are fighting for the keys to their flats, which they should have rightfully got more than seven years back.
Bengaluru has been ranked among top 20 technology-rich cities in the world in a survey done by Jones Lang LaSalle.
Does it make sense to hold more than one residential property? Does the investment really give very high returns as we Indians tend to presume? Anil Rego takes you through the ups and downs of investing in residential properties
The Knight Frank Global House Price Index rose by 0.9 per cent in the year to March 2012. Knight Frank is a global residential and commercial property consultancy.
Realty plans hit roadblock; delay could hit modernisation
Real estate major Parsvnath Developers may soon be able to reduce a significant chunk of its debt, thanks to certain corporate giants showing interest in buying a prime piece of property it owns in the national capital.
Affordability can be defined as the consumers ability to purchase, but it is a relative term. It may vary from individual to individual. It may also vary from location to location.
Listed Mumbai developers are battling higher inventory levels.
Durable, automobile and real estate players have been lobbying hard for a tax cut, saying it will boost demand.
The chairman of mortgage giant HDFC Ltd in his annual letter to shareholders, also suggested a one-time restructuring of real estate loans, easing of external commercial borrowing rules and immediate changes in regulations to allow end-to-end execution of housing loans online.
The project, titled New Cuffe Parade, will come up at Wadala and is spread across 23 acres over the next five to seven years.
The fact is evident from the conspicuous absence of advertisments on attractive offers by property developers in the print media here, which is relatively high during the current festive season. Developers Prakramsinh Jadeja and Pravin Patel admit to having fewer number of queries for buying as well as selling of both residential as well as commercial properties.
Farmers too will get better deals
With land acquisition completed and infrastructure work streamlined, India's bullet train dreams are slowly, but finally, inching closer to reality.
While Indians don't buy property during May-September due to the holidays/rains/ religious reasons, buyers should scout for property now.
Ccertain tax advantages are attached with HUF under the income tax and wealth tax laws.
The move comes 18 months after the cash-strapped developer was allotted 35 acres by the Delhi Development Authority to build and maintain an international convention & exhibition centre, hotels and allied commercial facilities. The cost of the project is estimated at Rs 6,000 crore (Rs 60 billion) and was expected to be completed in three years.
Banks and financial institutions are seeking more flexibility in dealing with commercial and industrial loan accounts, which are seeing pressure due to cash flows and repayment.
The measures announced by the Reserve Bank of India (RBI) are expected to hit home sales and prices are expected to correct by 15-20 per cent in the next two to three months, say real estate consultants and analysts.
Cine-star Ajay Devgn turns realtor, to develop 2 projects.
Though the fund houses have garnered over Rs 1,500 billion from investors, only 8-10 would declare their monthly FMP portfolios till a few months ago. Instead, they gave 'indicative portfolios' and 'indicative returns' to the potential investor. This month, all fund houses declared the portfolios of their schemes because of the half-yearly results. And, to the horror of many investors, the real portfolios were 80-90 per cent different from the 'indicative portfolios.'
Call it an expectation of revival in the real estate market or improving liquidity, bulge bracket property deals have made a comeback in the country's commercial capital.
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