A man has been arrested in Dehradun for allegedly committing a Rs 1.65 crore fraud by reselling his property using forged documents. The accused, Sanjay Jain, resold a property he had already sold to another individual, leading to his arrest after a complaint was filed.
Director of Unitech, Sanjay Chandra believes that with income levels and economy, both rising, the end-users or buyers are still there in the market and very actively still buying and does not expect any slowdown.
According to Cushman & Wakefield, the total value of investments in the residential segment for 2013 was recorded at Rs 4,050 crore ($650 million).
According to Cushman & Wakefield, the total value of investments in the residential segment for 2013 was recorded at Rs 4,050 crore ($650 million).
The ongoing West Asia conflict is expected to severely impact the supply of affordable housing in India, as rising input costs further erode already thin developer margins. Fluctuations in crude oil and gas prices, coupled with higher freight costs, are driving up prices of essential construction materials like cement and steel, making new projects increasingly unviable for developers.
Housing prices could drop by up to 30% over 6 to 12 months after demonetisation.
Urban ministry changes rule before public consultation by environment ministry
Experts say with a stable government, things will start improving but the impact might be visible only after six-12 months.
The Supreme Court of India has issued a strong warning against the use of "non-existent, fake, and hallucinated" judgements generated by artificial intelligence (AI), likening it to "the release of methyl Isocyanate in the province of law and justice: invisible, insidious, and catastrophic." The court set aside an NCLT verdict that relied on such AI-generated precedents.
Three men have been arrested in Bengaluru for allegedly robbing a real estate businessman after posing as police officers. The accused gained entry to the victim's home under the guise of checking CCTV footage.
New real estate portals like PropTiger and Commonfloor are also focusing on the secondary market in a big way.
Ambegaon is going to be one of Pune's most vibrant real estate boom areas over the next 10 years.
We map the areas with great prospects for price appreciation in the six metros of Delhi & NCR, Kolkata, Hyderabad, Chennai, Bangalore and Mumbai.
With projects ranging from affordable to premium, Tata Housing Development Co Ltd says it expects to be among the top three real estate entities in the next five years.
As the investigation into the death of real estate businessman Ketan Vishal Agarwal continues to reveal shocking details, the family of one of the prime suspects has come forward claiming his innocence in the case.
Delayed project delivery and unrealistically high real estate prices, which developers are unwilling to lower despite piled up inventories, have adversely hit the sector.
Kabul Chawla's company in India is facing the ire of consumers.
Yield-generating instruments like Infrastructure Investment Trusts (Invits), Real Estate Investment Trusts (Reits), and Non-Convertible Debentures (NCDs) are witnessing a surge in investor interest, contrasting with a notable slowdown in the equity primary market, which saw only one IPO in April.
The BSE Realty Index is on a downhill journey.
New law could pose challenges of cost escalation, increased paperwork, fear developers.
About Rs 2,000 crore of realty money has flown into stocks in the National Capital Region in the months after demonetisation.
The Enforcement Directorate (ED) has arrested four promoters of Earth Infrastructures Ltd in connection with a money laundering probe into an alleged Rs 2,004-crore homebuyer fraud that affected more than 19,000 buyers and investors.
The Reserve Bank of India on Thrusday ruled out any concessional finance to developers and units in these zones, saying they should be treated on par with real estate projects.\n
Here is what influenced the realty picture of Kolkata in the 2016's first quarter that just went by:
The Enforcement Directorate conducted searches at multiple locations in a money laundering case linked to an alleged Rs 145 crore fraud involving fixed deposits of the Panchkula Municipal Corporation.
The seasons in 2012 and 2013 went by with hardly any property launches, mainly due to an economic slowdown and a need to clear the backlog
Real estate is largest employer after agriculture and is slated to grow at 30% over the next decade.
The Government today said it has not directed public sector banks to cut exposure in real estate following the housing-finance bribery scam. "No why should we say this," Financial Services Secretary R Gopalan told reporters when asked if the government has given such directions to the state-run banks.
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.
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.
Your children may always love you but should you expect them to to finance your retirement in today's economy?
A World Cup bus was set alight and a teenager suffered a gunshot wound during chaotic scenes in Midtown Manhattan as thousands of basketball fans poured into the streets late on Saturday to celebrate the New York Knicks' historic win in the NBA Finals.
Real Estate: Rejoices on cut in personal tax, 80IB (10) extension and interest subvention
