Restricting the input credit is not a good idea for any sector, particularly real estate which requires more formalisation.
...or just a Covid-era practice, asks Ajit Balakrishnan.
Analysts remain selective on cement stocks amid the likely government's capex push ahead of the scheduled general elections in May 2024. While UBS has initiated coverage on the Indian cement sector with an anti-consensus negative view and suggests investors sell select cement stocks on a rally, those at Nomura remain selectively bullish on the sector and prefer companies with large brownfield optionality and multi-region presence. In the near-term, UBS expects strong earnings of cement companies in the next two quarters to be driven by robust demand and margin tailwinds, but suggests any sharp uptick in stock prices could offer a good opportunity for booking profits in the related counters.
Usually, online and offline discounts are similar. If discounts are too high, check builder's credentials.
Notwithstanding expectations of a pick-up in construction activity during a seasonally strong January-March quarter (fourth quarter) of 2022-23 (FY23), analysts are cautiously optimistic about the building material sector - encompassing paints, pipes, wood panels, tiles, metals, and cement - as volatile input costs, coupled with fears of a global slowdown, are making demand projections uncertain. Against this backdrop, analysts suggest investors stay selective and pick stocks of companies with stronger brand recall, expanding distribution network, diversified product profile, healthier balance sheet, and sustainable cash flow. "The government's various proposals under Budget 2023-24 (FY24) may lead to the building material segment growing between 8 per cent and 12 per cent for the next five years.
Referring to how unified Washington Allies have been in isolating President Putin, Biden stated, "...The Quad is, with the possible exception of India being somewhat shaky on some of this, but Japan has been extremely strong -- so has Australia -- in terms of dealing with Putin's aggression."
In February this year, Donald J Trump Jr, 40, had travelled to four Indian cities, New Delhi, Mumbai, Pune and Kolkata, to promote the high-rise luxurious condos being build by the Trump Organization, of which US president Donald Trump is the sole owner.
Discounts could be luring but onus of due diligence is always on buyer
Excerpted from Sahara: The Untold Story by Tamal Bandyopadhyay.
Sebi on Wednesday ordered the attachment of bank and demat accounts of Sahara Group chief Subrata Roy and three others to recover Rs 6.48 crore for violating regulatory norms by two group companies. The recovery proceedings have been initiated against these four persons for violating regulatory norms in the issuance of optionally fully convertible debentures (OFCDs) by two group companies. Apart from Sahara, others whose bank and demat accounts were attached are Ashok Roy Choudhary, Ravi Shanker Dubey and Vandana Bharrgava.
'The rising cost of construction, the cost of doing business, high compliance, and inflation/interest rates going up have already reduced returns to single digits.'
GDP growth of 7.7 per cent in the first half of this fiscal has "left sceptics gasping and woefully behind the curve", an RBI article said on Wednesday. It also stressed the buildup in the growth momentum is likely to be sustained. The article on the state of the economy published in the Reserve Bank's December Bulletin on Wednesday also said CPI-based retail inflation is expected to ease to 4.6 per cent in the first three quarters of 2024-25 from 5.6 per cent in November.
A picture of glamour and grit in the face of an emergency, the air hostess, flight attendant or air stewardess is often the hero we didn't know we needed.
Property is a person's biggest purchase. While buying one, you don't just pay for the house value - there are hidden costs that can take up to 25 per cent of the property value.
Realtors expect BMC's 'single window' clearance to be a game changer, leading to correction in property prices.
A person in the 30% income tax bracket with a Rs 40 lakh home loan at 9% interest rate would, under the Rs 3.5 lakh interest exemption, will save Rs 105,000 in tax in the first year, against Rs 60,000 under the previous interest exemption of Rs 2 lakh.
The bill would prohibit unaccounted money from being pumped into the sector and as now 70 per cent of the money has to be deposited in bank accounts through cheques.
'Marginal rates will definitely affect the consumer's decision in entering a new transaction, but in reality, they don't affect much because banks/financial institutions have come up with step-up EMIs: 50% of home loans which exceed 15 years in India are prepaid, within 7-8 years.' 'This doesn't happen anywhere in the world.'
'Some business families would probably have to revert to their core businesses, which the IBC will ensure.'
It has brought down the minimum capital requirement to $5 million from $10 million.
Informally things are already functioning where the team reports to Jason Kothari.
'This is for the first time home loan rates have dropped below 7 per cent,' notes Tamal Bandyopadhyay.
this move by the government is likely to iron out the current challenges for the NBFCs and in turn help the real estate sector.
Affordable housing has become the new mantra in Indian real estate where builders are luring investors to buy houses which not only come under their budget but also fetch good returns.
The government has relaxed the norms for allowing foreign direct investment (FDI) in the construction development sector. It is expected the move will boost affordable housing projects and smart cities across the country.
Housing prices may rise by 5-10 per cent in the next 3-6 months as the cost of funds for developers is expected to increase following the Reserve Bank of India's decision to raise key policy rates by 25 basis points.
This announcement will widen the base of investors, especially mid-sized financial institutions.
Fujifilm leaps ahead of mirrorless camera competition by launching its GFX 100, a 102MP medium format CMOS sensor camera and two new Fujinon large format cinema zoom lenses named the Premista series.
As real estate is about a tenth of the Indian economy, the extent of black money floating around in the sector is huge.
The minister also announced that the low-cost housing (property up to Rs 20 lakh) segment would be exempted from service tax.
In the Budget, the government has banned cash transactions above Rs 300,000. This means that people will have to pay stamp duty and registration charges on the actual cost of transaction.
CREDAI Chairman Lalit Jain said a long term status quo on interest rates would not help prospective home buyers.
If the interest rate on bank deposits is linked to any external benchmark, it would jeopardise the banks' fund-raising ability. Interest rates on small savings schemes are likely to be reduced very shortly, to maintain parity. All these steps would indeed affect retired people, and particularly those dependent on interest income, says Arindam Gupta.
Several professors of Jawaharlal Nehru University and other institutions have accused a former JNU employee of duping them of crores of rupees promising them homes on a Delhi Development Authority (DDA) plot under a housing development scheme which was never there.
In the June quarter of FY24, 51 per cent of consumers who took small-ticket personal loans already had more than four credit products at the time of accessing yet another new loan, compared with just 17 per cent in the June quarter of FY20, points out Tamal Bandyopadhyay.
Banks get bonds boost to raise funds for core sector; up to Rs 50 lakh of home loans in metros and Rs 40 lakh in other cities not to have CRR, SLR requirements
Want to buy the Millionaire Speedy? Well, you probably can't, because it's MTO -- meaning 'made-to-order' and is specifically for extraordinarily special VIP LV clients, says Sandeep Goyal.
HNIs are scrambling to do so, as they fear government might introduce inheritance tax. This haste could cost them dear, reports Sanjay Kumar Singh
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