The government has said the net impact of the service tax on real estate construction would be only 3.3 per cent, since construction attracts service tax only on 33 per cent of the value.
Let's take a look at five most expensive property deals in 2012.
Analysts, however, suggest investors remain selective on realty stocks and buy only where there is revenue visibility and a credible promoter backing.
The property rates in the ready reckoner for Mahrashtra may drop marginally reflecting the subdued sentiments, sources said. A final decision may be taken on Wednesday. The property ready reckoner is prepared by the office of the inspector general of registration and stamp duties on the basis of transactions in real estate sector in respective areas.
In bad times, informed investors, too, end up making mistakes in the real estate market. Here's how to avoid the pitfalls
The fund, which will be launched next month, will have a tenure of ten years and the money will be invested in projects within three years. The fund from the country's largest private equity fund (it manages assets of over $2.5 billion in a diversified portfolio) comes just 18 months after it launched a real estate fund of $500 million. Of this, it has already invested 70 per cent in various projects.
Monetary policy measures give temporary respite to rate-sensitive companies.
Distribution yields could rise, but risk of Covid, higher interest rates remain.
The Enforcement Directorate (ED) has arrested a real estate businessman in connection with the alleged embezzlement of Rs 645 crore from bank accounts linked to the Haryana government, Chandigarh administration, and private schools.
The Reserve Bank of India on Friday proposed to allow banks to lend to Real Estate Investment Trusts (REITs) with certain prudential safeguards to deepen the financing pool for the real estate sector.
The prime accused deployed a modus operandi of claiming the investment in real estate purchased in the name of third party as unsecured loan
The real estate sector is set to enter a progressive phase in 2015.
Arvind SmartSpaces Ltd has partnered with Sigma Oxford Realtors to develop a residential housing project in Goregaon, Mumbai, with an expected revenue of Rs 2,400 crore.
According to property experts, this is the biggest plan by any developer at the moment.
In the first of its kind among property consultants, the UK-headquartered Knight Frank Group will launch a $250 million India-focused real estate fund.ICICI Prudential Mutual Fund recently launched its real estate securities fund, which is the first real estate mutual fund in India.
"Land is the riskiest form of speculative real estate, which is why there are huge swings in land value," said Deepak Parekh, Chairman, HDFC in a key note address at a function organised by the Federation of Indian Chambers and Industry in Mumbai on Wednesday.
Mumbai's coastal luxury residential redevelopment pipeline is valued at approximately 6,000 crore, with 75-80 projects expected to launch over the next eight to nine quarters, driven by improved infrastructure and demand for waterfront living.
With the controversial Land Acquisition Bill pending for long, government on Tuesday made a strong pitch in the Lok Sabha for "some sort of understanding" on it, saying passage of the legislation is necessary to make land available for the programme of 'Housing-for-All' by 2020.
The home rental market is facing a slowdown.
Back when India moved slowly, every window seat came with a view, and every rail journey came with excess baggage - food, fears, family drama, points out Ajanta Krishnamurthy.
The performance of real estate companies is dependent on a lot of intangibles and is prone to errors in assumptions.
The Bill will improve buyers' confidence and boost demand for residential real estate.
The Enforcement Directorate conducted searches at premises linked to Punjab industries minister Sanjeev Arora as part of a FEMA probe into alleged foreign exchange violations, insider trading, and round-tripping of funds.
This announcement will widen the base of investors, especially mid-sized financial institutions.
Companies dismiss reports of a glut saying the demand for property remains robust.Unitech's consolidated profit numbers, for instance were way below expectations at Rs 401 crore (Rs 4.01 billion), thanks to a delay in some of its projects and the resulting lower revenues. But at the end of October, the stock was trading at levels of Rs 383, up about 50 per cent since August.
Karnataka Home Minister G Parameshwara has ordered the CID to investigate the alleged kidnapping and murder of a real estate businessman from Anekal, whose body was found in Tamil Nadu. One person has been arrested, and the search is on for others involved in the crime.
Budget fails to cheer realty players.
Real estate biggies expcet single window clearance for upcoming projects.
India's first REMF could well present itself as an investment option soon. But remember to check out the risks and the benefits
Central tax authorities detected input tax credit (ITC) fraud worth Rs 74,781.56 crore across 30,162 cases in FY26, more than doubling the number of cases from the previous year, according to the Ministry of Finance.
The real estate Bill will stamp out illegal practices prevalent in the industry.
Pre-launch projects are tricky. Here's what to look for before investing.
'After Covid, people started looking for bigger houses with pools and landscaped gardens.' 'Even middle class buyers are looking at plots of land in smaller towns.'
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The Monsoon Session of Parliament will begin on August 5 and the Bill, after its introduction, is likely to be referred to the Standing Committee of Parliament for examination.
The Enforcement Directorate (ED) conducted searches at multiple locations in Punjab and Chandigarh, including premises linked to an alleged associate of a Punjab Aam Aadmi Party functionary, as part of a money laundering probe against two realty groups accused of fraudulent land use changes and investor fraud.
Jaitley said the Budget proposals would boost the realty sector, which would help meet the housing needs of a vast section of the population.
New capital exposure norms implemented by the Reserve Bank of India (RBI) from July 1 have led to a noticeable drop in trading volumes, with Multi-Commodity Exchange (MCX) options premium ADTV falling by nearly 40 per cent in early July.
