The real estate business thrives on creating excess spaces beyond the permitted building codes, short-changing the buyer, and even opting for poorer quality of material. This finds an enthusiastic resonance among the officialdom. Flouting rules is part of the business model, says Mahesh Vijapurkar.
India's leading conglomerates are stepping up investments in real estate, recasting what was once a peripheral activity into a core growth driver. Supported by strong balance sheets, established brands and access to long-term capital, major business houses including Aditya Birla, Tata, Godrej, L&T, Raymond, Wadia, Shapoorji Pallonji, Mahindra and Adani are positioning realty as a strategic pillar within their diversified portfolios.
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.
India's gross savings rate is projected to be nearly 47 basis points higher in FY25 than previously estimated, following the Securities and Exchange Board of India's (Sebi) revision of the methodology for calculating household savings routed through the securities market.
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.
Credai is the apex body for real estate developers in the country and represents over 9,000 developers through 128 chapters in 20 states
It proposes to set up a regulator in every state.
Real estate is a sector which generates second highest employment and contributes approximately 5% of the GDP of the country.
It is the fastest growing sector with ever growing concerns.
As per its approved Financial Restructuring Plan, Air India is required to raise Rs 5,000 crore over a period of 10 years through asset monetisation
Mohanlal, mermaids and made-for-each-other couples on OTT this week. Sukanya Verma lists your OTT options.
Bharti Airtel added 7.64 trillion in value over the past five years, making it the biggest wealth creator in India's private sector, while the IT sector, including TCS, Infosys, and Wipro, collectively lost 8.5 trillion in value, according to the latest Burgundy Private Hurun India 500 report.
This year's Budget comes at a time when interest rates are still high and demand for real estate has remained poor.
It is expected that the global real estate market will see some major improvements in the latter half of the year.
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.
Analysts recommend being selective in picking stocks.
The Central Bureau of Investigation has filed a charge sheet against Ninex Developers Ltd and its director for alleged fraudulent activities in a Gurugram housing project. This marks the 11th charge sheet in the ongoing builder-banker nexus investigation, initiated by the Supreme Court, which involves 50 cases nationwide where homebuyers were allegedly cheated.
The Central Bureau of Investigation has filed a charge sheet against Ninex Developers Ltd and its director for alleged fraudulent activities in a Gurugram housing project. This marks the 11th charge sheet in the ongoing builder-banker nexus investigation, initiated by the Supreme Court, which involves 50 cases nationwide where homebuyers were allegedly cheated.
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.
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.
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.
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.
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.
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.
The Enforcement Directorate (ED) reports a decline in traditional financial crimes due to sustained investigative actions and government initiatives, while highlighting emerging challenges like cryptocurrency fraud and terror financing.
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.
A sustained two-digit average rate of return on capital accrued by developers is indicative of India's "build" momentum
The real estate sector has underperformed the Sensex in the past 2 years.
Mukesh Ambani has big plans for his real estate biz and is currently in the process of recruiting large number of professionals for it.
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.
These are some of the most expensive real estate markets in the world.
Ten cities investors will target in 2009.
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.
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.
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.
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.
Platform-style partnerships between global investors and Indian developers are expected to gain further traction over the next few years. This comes as institutional capital increasingly shifts from one-off asset acquisitions to scalable, long-term strategies.
