The year 2018 is likely to be steady in terms of institutional investment into real estate
Pune police have revealed that Ketan Agarwal's fiancee, Siya Goyal, and her lover, Chetan Chaudhary, exchanged 2,004 calls and spent 238 hours on the phone in the six months leading up to Agarwal's alleged murder at Lohagad Fort, suggesting extensive planning for the crime.
The need for a regulatory authority has been felt since a long time in the real estate sector, struggling for many years due to tough market and economic conditions.
Sapne vs Everyone is dark, and often depressing. At the same time, it is not completely hopeless, notes Deepa Gahlot.
The much-awaited real estate investment trusts (REITs), which invest directly in real estate projects after collecting funds from investors through stock exchanges, are set to see their entry in Indian markets with the Securities and Exchange Board of India (Sebi) on Friday putting out draft rules for such trusts.
To ease the flow of foreign direct investment into real estate, the government is mulling a proposal that mixed development projects should be exempt from the minimum capitalisation and area development norms.
The Congress and other opposition parties had opposed the amendments.
The Supreme Court has appointed former Chief Justice of India Sanjiv Khanna as the sole mediator to resolve a dispute involving businessman Ashokbhai Haribhai Gajera and others in a case linked to textile market projects in Surat. The case involves allegations of siphoning off Rs 1,900 crore and forging documents.
Morgan Stanley has big plans to invest in India's real estate.
Analysts, however, suggest investors remain selective on realty stocks and buy only where there is revenue visibility and a credible promoter backing.
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.
Distribution yields could rise, but risk of Covid, higher interest rates remain.
Stock markets closed higher on Friday after the Reserve Bank of India kept its benchmark interest rate unchanged as expected and proposed allowing banks to lend to Real Estate Investment Trusts (REITs) with certain prudential safeguards to deepen the financing pool for the real estate sector.
The Delhi government is developing a drone policy focused on creating research clusters, establishing testing facilities, enabling drone use in traffic management, and providing subsidies to support the drone ecosystem.
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.
Dehradun Police have arrested a sharpshooter from Uttar Pradesh for the murder of a local businessman in Rajpur last year. The murder was orchestrated due to a property dispute between the victim and his stepbrother.
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 Enforcement Directorate conducted raids on a Gurugram-based realty group, 32nd Avenue, as part of an investigation into an alleged 500 crore fraud targeting investors. The raids targeted seven premises linked to the group, which operates in Delhi-NCR and Goa. The investigation stems from multiple FIRs filed by investors who claim they were duped.
The real estate sector is set to enter a progressive phase in 2015.
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.
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.
"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.
The home rental market is facing a slowdown.
As the rupee weakens, wealthy families are accelerating investments in global assets.
The Bill will improve buyers' confidence and boost demand for residential real estate.
'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.'
The performance of real estate companies is dependent on a lot of intangibles and is prone to errors in assumptions.
This announcement will widen the base of investors, especially mid-sized financial institutions.
Companies are already diversifying sourcing, raising prices, and reworking operating models as the disruption drags on.
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.
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
The real estate Bill will stamp out illegal practices prevalent in the industry.
