Foreign capital flows into the Indian real estate jumped over three-fold to $23.9 billion during 2017-21 period as compared to the previous five years, according to Colliers-FICCI report. In its report 'Foreign investments in Indian real estate turn a corner', property consultant Colliers mentioned that the global investors have shown an increased inclination towards investment in Indian real estate buoyed by regulatory reforms introduced in 2016. "Foreign investors, who had previously refrained from investing in the Indian real estate market due to the lack of transparency, started investing in the country with greater optimism from 2017," Colliers said.
The Shri Ram Janmabhoomi Teerth Kshetra Trust has appointed a new leadership team, including retired Air Marshal Jeetendra Mishra as CEO, Ayodhya lawyer Madan Mohan Pandey as trustee, Delhi businessman Mahesh Bhagchandka as treasurer, and Dr Nirmala Yadav as the first woman trustee, to address allegations of theft and improve administration and devotee facilities.
Bank credit to industry in India surged by 20 per cent year-on-year in July, significantly accelerating from the previous year, driven by strong expansion in sectors like engineering, gems and jewellery, and petroleum-related industries, according to the Reserve Bank of India (RBI). However, growth in gold loans, while still expanding, saw a sharp moderation.
Thinking of buying a home in any of these cities? You'll need pots & pots of money!
It is expected that the global real estate market will see some major improvements in the latter half of the year.
Analysts recommend being selective in picking stocks.
In the second part of this series that identifies fastest emerging real estate hotspots in India, Estatelister.com explains why Kharadi, close to Pune Airport in Maharashtra, is emerging as a new investment hub.
On the evidence so far, however, these steps have not improved the scale of transactions in the real estate market. Most buyers continue to hold back in the hope of further drops in prices, while developers find that financial succour gives them the staying power to withhold price cuts. The result may, therefore, prove to be the opposite of what was intended, by delaying the price adjustment that is essential if demand and supply are to balance once again.
As the global economy limps into 2009, barometers for the real estate industry are bleak.
Madhya Pradesh Chief Minister Mohan Yadav's family is under scrutiny after an Indian Express newspaper report revealed their extensive land purchases in Ujjain, particularly in areas benefiting from state infrastructure projects, raising questions of propriety and conflict of interest.
The Enforcement Directorate conducted fresh searches on the Merlin Group, a Kolkata-based real estate company, as part of an ongoing money laundering investigation. The searches follow previous raids on the group and its promoters, with the ED investigating alleged financial links between the company and West Bengal government officials.
The Securities and Exchange Board of India (Sebi) is set to undertake a comprehensive overhaul of the small and medium enterprise (SME) listing framework and tighten accountability around the use of artificial intelligence (AI) and machine learning (ML) in financial markets, Sebi Chairman Tuhin Kanta Pandey announced.
This year there are high expectations for lowering home loan interest rates, over the next 12 months and increased interest rate subsidy for loans up to Rs 50 lakh.
Examine the complete title chain to establish how the present owner acquired the property.
Run and do not look back when you see these real estate code words
India's biggest listed developer, DLF, and Dubai's Nakheel have announced a joint venture with plans to invest more than $10bn to build two townships on 40,000 acres.
The move to delink the FDI provisions from investments by foreign institutional investors in real estate under the portfolio investment scheme was expected to lead to greater stock market play in real estate scrips. Government sources said the clarification was not mentioned in the minutes of the Cabinet meeting sent to the Department of Industrial Policy and Promotion recently. As a consequence, a press note could not be issued.
'A balance had to be struck between the economic cost of taking action at this point against the need not to fall behind the curve in controlling inflation and anchoring inflation expectations.'
The real estate sector wants "high-impact" measures, like special schemes and tax breaks for developers, to revive the fortunes of the affordable housing segment in the country, multiple executives told Business Standard. This segment has been struggling since the Covid-19 outbreak, in contrast to larger and costlier homes which have been selling like hot cakes. The demand comes at a time when the government is taking suggestions from industry players before tabling the General Budget in the Parliament next month.
Mumbai police have recorded statements from four developers in connection with a cheating case related to the Malad Slum Rehabilitation Authority (SRA) project, after it was revealed that two directors of a real estate firm allegedly defrauded them.
A sustained two-digit average rate of return on capital accrued by developers is indicative of India's "build" momentum
India is ranked as the fifth most attractive destination for future real estate investments, according to a latest report of FCCI and Ernst and Young.
Mukesh Ambani has big plans for his real estate biz and is currently in the process of recruiting large number of professionals for it.
The real estate sector has underperformed the Sensex in the past 2 years.
If the government tries to bring in real estate under GST now, it will be a typical case of biting more than what one can chew, says Sukumar Mukhopadhyay.
Ten cities investors will target in 2009.
These are some of the most expensive real estate markets in the world.
The CBI has filed two chargesheets in connection with the siphoning of Rs 657 crore from Haryana government and Chandigarh Smart City Limited funds held at IDFC First Bank. The fraud involved fictitious transactions, shell entities, and alleged gold purchases and real estate investments, with IDFC First Bank having already reimbursed the Haryana government.
At a time when capital allocations to real estate are growing globally, investors are expecting transparency standards in real estate to be at par with other asset classes, says Anuj Puri.
Money invested in real estate, for income and capital growth, provides stable and predictable returns similar to bonds offering a regular return on investment, if the property is rented, as well as capital appreciation.
India, the world's fourth largest economy with 1.2 billion people, has steadily emerged as one of the most preferred destinations for global business.
Banks may be claiming that they are pruning their real estate exposure but data from the Reserve Bank of India (RBI) paints a completely different picture.
In a chat with readers on June 24, Tushar Bungley of 100floors.com said that real estate prices are unlikely to fall further.
Information technology giant, IBM has enlarged its business scope in China's booming IT market by officially entering the local real estate segment for the first time in the company's history, a report said on Monday.
Between 2004-05 and 2007-08, FDI in services leapfrogged to $6.61 billion from $444 million, an official statement said. The real estate sector which was thrown open in 2004-05 saw the FDI picking up slowly in the initial two years, but grew substantially in 2007-08 to $2.17 billion.
The question for the next 20 years is not whether India can become a $5 trillion or $10 trillion economy. Those are attractive targets, but the real question is whether India can create enough productive jobs, educate its children properly, make its cities liveable, and give hundreds of millions of people a substantially better life, asserts Ramesh Menon.
Making a presentation on Indian Real Estate Sector: Slumdog or Millionaire at an event hosted by the Observer Research Foundation, Sameer Nayar, managing director and head of real estate (Asia Pacific), Credit Suisse, said that land use laws in India are the most antiquated.
