Currently, there's a shortfall of 23 million houses in India.
GST rates on under-construction houses maybe reduced from 12 pc with input tax credit to 5 pc without ITC. Similarly, the rate for under-construction affordable houses could come down to 3 per cent without input tax credit, from the current 8 per cent.
Mumbai metropolitan region, comprising Mumbai city, Navi Mumbai and Thane, leads the pack (in delayed projects) with 210,000 units at an approximate valuation of Rs 2.34 trillion.
Realtors expect BMC's 'single window' clearance to be a game changer, leading to correction in property prices.
Leasing activities of office and retail spaces would not be affected much.
After winning the Indian Premier League for the fourth time, Chennai Super Kings skipper Mahendra Singh Dhoni remained tight-lipped on his participation in the next year's edition of the cash-rich Twenty20 tournament.
While student housing, retirement homes, and co-living spaces are going to be new realty growth drivers, Parekh also said foreign investors have also been investing in a big way in good commercial projects, while warehousing is another segment where they are showing keen interest.
Consolidation is happening because of a prolonged slowdown in residential sales which has also brought down the business of brokerages.
Approaches Morgan Stanley, GIC and Blackstone
Most buyers are forced to back off in the face of delays because of the appreciation of the property.
Mahendra Singh Dhoni in his inimitable style kept questions on his IPL retirement open-ended but did admit that a lot of things will depend on the kind of retention policy that BCCI puts in place for the big auction next year.
Bengaluru-based developers, such as Puravankara Limited and Sowparnika Projects, have witnessed over 85-90 per cent of their customers being first time buyers or end users.
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.
RLDA is a statutory authority established by the ministry of railways for generating non-fare revenue from railway land.
High interest rates and prices mean low affordability. Also, developers have huge inventories.
Discounts up to 15% expected this festive season; analysts expect October-December period to garner sales of at least 60K units across seven major cities.
Usually, online and offline discounts are similar. If discounts are too high, check builder's credentials.
Realtors are still flexible with buyers' demands.
The deal for 800,000-square foot plot in Gurgaon's Infospace Tikri SEZ is likely to improve real estate absorption rate, which has seen some upside recently.
The inventory has risen to 83 months in the National Capital Region and 50 months in Mumbai.
In the backdrop of incidents of police violence against black youths in the US, the latest Batman series issue sees the caped crusader battle police brutality rather than the likes of Joker or Two-Face.
All-rounders in Indian cricket are a rare commodity and the newest entrant to the club, Venkatesh Iyer, knows only too well that he has to keep his focus on both aspects of the game in order to remain relevant.
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As returns decline, with extent and time horizon uncertain, some of these investors look to shift to safer zones
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On Wednesday, RBI reduced the cap on individual remittances abroad from $200,000 (about Rs 1.2 crore) to $75,000 (Rs 45 lakh) and also barred individuals from using funds under the scheme to buy immovable properties abroad.
PE funds have invested Rs 13,000 cr into the property market in Bengaluru.
Exchange rates to provide for 5-7% savings in package costs; consultants forecast higher property purchases by Indians; currency depreciation to make education cheaper
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 property has all the hallmarks of being owned and occupied by Vijay Mallya. A fleet of supercars making their way down the drive, hordes of people descending to party all night long and a constant delivery of goods and services.
The company will use the proceeds to part-repay its debt, which stands at Rs 34,000 crore (Rs 340 billion) even after the recent qualified institutional placement of its shares. An RCom board committee recently approved the sale of these assets.
Rera's implementation is patchy across states, and the powers of the regulator to enforce its orders are also limited.
With prices unlikely to run up sharply, genuine buyers can start readying deals before the festival season starts.
GVK Skycity's 20-million sq ft commercial space will be bigger than that in BKC; bids invited for first phase.
These exist in a unique world of by-invitation-only properties -- those that are never advertised and which money alone cannot buy. One cannot simply walk in for a tour of these apartments. A buyer must first meet the developer's targeted social criteria to get invited for a walkthrough of the property.
Real estate biggies expcet single window clearance for upcoming projects.
Realty sector is facing a huge slowdown for last 3-4 years, leading to a significant delays in possession of flats to customers.
What's the mantra for reviving ghost malls? Most important, a right mix of products. They also need to transform into community spaces.
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