The Reserve Bank on Tuesday asked banks to link the disbursal of home loans to stages of construction to protect the interests of buyers and contain the fallout of 'innovative' housing financing schemes.
In his Budget speech, the finance minister said: "We propose to facilitate higher investment in affordable housing. Affordable housing will now be given infrastructure status, which will enable these projects to avail the associated benefits."
This is the latest in a series of large office space buyouts by RMZ Corp which has created a portfolio of rent-yielding commercial assets in India.
Tata Housing, Bharti Realty have announced projects near Delhi.
The BSE Midcap also cut all its intraday gains to shed 0.3% at close
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
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.
The new law would boost home buyer confidence as well as investment in the realty sector.
The Sensex closed the day at 28,141, up 486 points, while Nifty50 settled at 8,716, up 155 points.
The breadth, indicating the overall health of the market, turned negative from positive
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.
Starting April 1, a non-executive director of 75 years or more can be appointed or re-appointed only by way of a special resolution, which requires 75 per cent 'for' votes.
Housing sector to benefit from Budget.
Check out some of the stocks that will react on the basis of their numbers in the near term.
Banking stocks felt the heat due to worries that the lending rate cuts will hit their bottom line
The seasons in 2012 and 2013 went by with hardly any property launches, mainly due to an economic slowdown and a need to clear the backlog
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
According to property consultancy firm Knight Frank, only 19 states and UTs have a functional portal in place, that too with a lot of information dissymmetry across data points
Although residential sales faced a major set back in Q2, they made a comeback with help of pent up demand.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Brookfield Asset Management will pay around Rs 29,000 per square foot for the 170,000 square feet of space in Jet Airways' two-floor office in Bandra Kurla Complex.
The S&P BSE Midcap and the S&P BSE Smallcap indices added 0.5% and 0.7%, respectively
'Kindly advise about the following stocks. Can I hold or exit?'
The office, spread over 52,775 square feet carpet area, in Mumbai's suburban financial centre Bandra Kurla Complex, is on the fourth floor of the building 'Jet Airways Godrej BKC'.
The BSE Midcap and the S&P BSE Smallcap indices outperformed to gain 0.6% and 1.1%, respectively
Puneet Wadhwa and Debashish Pachal locate real estate stocks to watch out for.
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
Inflation and asset prices have eroded the value of money.
Delayed project delivery and unrealistically high real estate prices, which developers are unwilling to lower despite piled up inventories, have adversely hit the sector.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Prices of all metals - from steel to copper, aluminium, zinc and lead - have shot up by about 5-11 per cent in the past month. Commodity inflation is raising its head, forcing companies to consider price hikes.
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Markets ended lower on profit taking ahead of June F&O expiry.
Markets ended weak tracking the expiry of April derivative contracts.
Though the developments are positive, analysts say the benefits will accrue only in the long run
Tata Motors (down 1.7%) was the top loser on Sensex and Nifty, while Lupin (1.6%) gained the most.
Bombay Stock Exchange Sensex closed 30 points lower at 21,140 levels.
Participants are keenly waiting for the January IIP.
According to Knight Frank, in the second half of 2015, launches will be down 52 per cent (from 37,643 in the second half of 2014) to 18,000, while absorption will improve 24 per cent.
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The year so far has witnessed several luxury project launches by major real estate companies such as DLF, Unitech, Supertech, Tata Housing and Godrej Properties.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
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