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.
Puneet Wadhwa and Debashish Pachal locate real estate stocks to watch out for.
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.
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
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.
'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'
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.
"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.
Robert Vadra's land deals in a village in Haryana have returned to haunt the Congress party, with whistleblower IAS officer Ashok Khemka alleging that Vadra "falsified documents" for 3.53 acres of land in Gurgaon and "pocketed" a large premium on a commercial colony license.
An advisory issued by the Delhi development commissioner said that residents can distract the locusts by making high-decibel sound through beating of drums, utensils; playing high-volume music, bursting crackers, and burning neem leaves.
Over the last weekend, the central bank has tried to address the biggest near-term concern for property companies --bankruptcy -- says a CLSA report. The one-time move, which will allow banks not to classify commercial real estate loans as non-performing loans, will reduce the near-term risks for some property firms.
The woman's mother said the hearing of rape case was scheduled on Friday and hence she came from Karnal to Gurgaon to record her statement along with of her daughter in court.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Central Bureau of Investigation on Thursday night arrested a Mumbai-based chartered accountant and two government officials for allegedly selling confidential documents related to foreign investment policy to corporate groups after it carried out searches in offices of Finance and Commerce Ministries in New Delhi and in Mumbai.
US hedge fund makes 40% profit; KP Singh family to go for DLF Assets IPO in the first quarter of 2010.
However, the board of approval in the commerce ministry asked the DLF to return all the tax sops it had taken from the Centre before its SEZs in Gujarat, West Bengal, Orissa and Haryana could be denotified. The BoA, headed by commerce secretary G K Pillai, also allowed more time to the K Raheja group to build its tax-free zones in Goa, Hyderabad and Navi Mumbai, an official said.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Real estate firms like DLF, Prestige, Phoenix Mills to benefit.
The cut comes as part of their plans to launch affordable housing project to lure buyers. Referring to slowing sales, Rajiv Singh, VC, DLF, said the cut in prices will be visible in the next three months. DLF indicated on Monday that it will launch two-, three-bedroom apartment projects in select cities in the coming months.
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