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.
This is the great tragic flaw in how we handle medical emergencies. The golden hour is wasted. People get a chest pain and they call their family doctor. Or they drag the patient to a small local clinic that doesn't have the equipment. What people don't realise is that in an emergency, you don't need advice. You need a large hospital.
Consolidation is happening because of a prolonged slowdown in residential sales which has also brought down the business of brokerages.
A committee constituted by the West Bengal government to carry out a special audit of sanctioned plans for high-rise residential and commercial buildings in and around the city will meet on Friday to begin the exercise, Chief Minister Suvendu Adhikari said.
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.
Also, LBS Marg provides easy accessibility to other parts of Mumbai.
High interest rates and prices mean low affordability. Also, developers have huge inventories.
While accusing Chief Justice of Pakistan Iftikhar Muhammad Chaudhry of holding secret meetings with him, real estate tycoon Malik Riaz has said there is no free judiciary in the country and it is run by 'don' Arsalan Iftikhar, Chaudhary's son, reports Tahir Ali
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 fact that housing units worth a whopping Rs 4.5 lakh crore in top seven cities are stuck under various stages of non-completion indicates that there is a dire need to create stress-asset fund which will help bail out lakhs of distressed homebuyers,' says Anuj Puri, Chairman, Anarock Property Consultants, a real estate services company.
India could attract as much as Rs 4,000 crore (Rs 40 billion) in foreign direct investment in real estate by 2010 if certain Acts pertaining to Urban Land Ceiling, Rent Control and Land Acquisition were repealed.
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.
Here's what's buzzing in Mumbai if you are looking out for real estate appreciation...
Nearly 60 per cent of Indians think that next one month would be a good time to buy real estate with improvement in consumer sentiments following formation of a stable government.
Sebi had last year put in place a separate regulatory regime for REITs.
According to top Trinamool sources, mercurial Mamata Banerjee is again angry with the Congress -- even before the previous contentious issues could subside -- over non-allocation of a preferred bunglow for her party office in the capital. Banerjee had zeroed in on bungalow number 14 on Bishamber Dass Marg as the ideal place to house her party office in Delhi.
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 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.
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.
'War is never a solution. It's nothing but real estate business I am against any kind of violence.'
He has to appear before the court on January 24, 2019.
The real estate sector might have been caught off guard by the second wave of the Covid-19 pandemic, but large listed developers like Godrej Properties and Prestige Estates Projects soldier on undeterred. They aim to have sales bookings of Rs 10,000 crore in the next few years.
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.
Unaffordable real estate prices, hardening interest rates, fall in home loan disbursements and reluctance of developers to cut down prices do not augur well for the real estate market in India, feels V Hari Krishna, CIO of Kotak Realty Funds Group.
The industry status will help the sector access bank lending at average interest rates
Piramal Fund Management has emerged as the largest lender to real estate developers at a time when the sector is facing severe slowdown.
There are more opportunities in these cities than smaller ones, say real estate fund managers.
Budget might turn out to be neutral for the 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 apex court also pulled up the Gujarat government for extending the deadline till July next year for hospitals to rectify the building by-laws violations, and said the "carte blanche" notification was in teeth of its order of December 18 last year and people will continue to die in fire incidents.
It has brought down the minimum capital requirement to $5 million from $10 million.
Sapne vs Everyone is dark, and often depressing. At the same time, it is not completely hopeless, notes Deepa Gahlot.
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.
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.
The sale of 250 units within 60 days definitely sets a yardstick
The Enforcement Directorate has reported a staggering 170 per cent surge in asset attachments, reaching 81,422 crore in the last financial year (FY26), underscoring its intensified efforts against financial crimes and its significant role in restituting funds to victims.
'People become guided by emotions, fear of missing out, and greed. They tend to invest in booming sectors that may prove exceptionally expensive.' 'Typically, that represents the peak, and subsequently, they lose substantially.'
The Enforcement Directorate (ED) has arrested a former Kotak Mahindra Bank executive, Pushpinder Singh, alleged to be the mastermind of a Rs 145-crore fraud involving Panchkula municipal corporation officials, bank employees, and private individuals.
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.
Your children may always love you but should you expect them to to finance your retirement in today's economy?
