In yet another change at the top, M S Manchanda, a hotel industry veteran, on Tuesday took charge as chairman and managing director of state-owned India Tourism Development Corporation in place of senior IAS officer Rajeev Talwar.
The RBI had been widely expected to lift its repo rate by 25 basis points, but instead opted to keep the country's main lending rate at 7.75 per cent.
While the thrust will be on pan-India residential projects, office and retail launches, too, will add up to make for the realtor's project mix of 12 to 16 million sq ft during the coming year.
DLF is to divest non-core assets, including hotels and plots of land, but not Hilton JV, Delhi Aman.
The company had invested around Rs 1,500 crore in the business; may exit at Rs 1,100 crore.
Does low-cost housing make economic sense? It seems to. Developers believe the loss in margins (20 per cent in affordable housing, against 50-300 per cent in case of premium housing) can be made up somewhat by the sheer volumes of sales.
There was a quite a turn-out for the Golden Glory Awards 2023 in Mumbai over the weekend.
Brokerage Edelweiss Securities said if the NDA returns to power with a clear majority in line with exit polls, markets would rejoice the policy continuity.
Banks are not allowed to lend to developers for purchasing land parcels.
It would pave the way for Jammu and Kashmir to attract large-scale investments, the industry leaders said.
Falling sales since demonetisation has alarmed CEOs, who want to save cash till the economy recovers.
Demand for Grade A office space is rising across the country.
Slump in realty market to add to woes, debt of top players likely to rise 15-20% this financial year
Plan to lay off excess staff, trim salaries of top executives.
Real estate bill seeks to impose penalties, including de-registration of the project and other fines in case of a breach.
Rajiv Saxena, an accused in AgustaWestland chopper deal scam, was extradited from Dubai, UAE, to India .
They said Rajeev Shamsher Bahadur Saxena wanted in the Rs 3,600 crore AgustaWestland VVIP choppers money laundering case and lobbyist Deepak Talwar wanted by the Enforcement Directorate and the Central Bureau of Investigation in a case of misusing over Rs 90 crore taken through the foreign funding route, were brought in a special plane to Delhi around 1:30 am.
Bharti Airtel Chairman Sunil Bharti Mittal said India has lost one of the finest political leaders and a legal luminary.
The jewellery industry has welcomed the government's decision to ban old Rs 500 and Rs 1,000 notes, saying gold demand will rise as people will have more faith in the precious metal than the currency notes. But the unorganised builders and secondary (resale) property market would be adversely impacted.
Real estate loans could become NPAs for banks.
In markets such as Mumbai, prices have gone beyond Rs 1.5 cr to Rs 2 cr which is beyond reach of most of the salaried class
Increase in service tax would make properties costlier to buyers.
Real estate biggies unhappy with status quo on RBI rate cut.
The list includes Gautam Adani's brother Vinod Adani among others.
Although markets such as Mumbai and some places in the national capital region have continued to see a slowdown in the property markets over the last three years, developers were pinning their hope on the festive season.
They sought further cut in interest rates as well as reforms.
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RBI on Wednesday surprised the markets by leaving key policy rates unchanged, notwithstanding persistent high inflationary pressure.
Builders bet on affordable homes as luxury sales dip, however, signs of revival after note ban and Rera are slowly visible
At a time when others are cutting on development of commercial property, plans to add 50% more of IT space.
A fourth of the property market is cash-based and this has affected home sales after high value notes were scrapped.
Real estate biggies expcet single window clearance for upcoming projects.
Despite Nirav Modi win, in the last five years, India managed to bring only about 20 fugitive offenders.
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
"India's middle class, small traders and farmers are the lifelines of its economic growth. By catering to these ambitions #Budget2019 infuses hopes for millions of dreams."
The new law would boost home buyer confidence as well as investment in the realty sector.
'This solid verdict would further strengthen his resolve to drive forward the economic agenda to ensure that the fruits of the economic momentum continue to reach the poor, so visible during the last five years.'
Realty sector is facing a huge slowdown for last 3-4 years, leading to a significant delays in possession of flats to customers.
The Central Bureau of Investigation on Tuesday told the special court hearing the Aarushi case that the scene of crime was "completely dressed up" and the teenage girl's body was tampered with by dentist couple Rajesh and Nupur Talwar on the night of crime.
It has been a difficult year for Singh, whose fate from the start has been closely tied to that of the Gandhi family.
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