Govt should take steps to monetise real estate investment schemes.
Greaves Cotton, for instance, has converted half its holding into commercial real estate (a multiplex) while Elpro plans to follow suit by developing half its 37-acre land at Chinchwad.
The government proposes to treat the investments by foreign institutional investors in pre initial public offers (IPOs) of real estate companies at par with foreign direct investment.
Authorities in Kuwait have launched a crackdown on illegal property extensions in the wake of a devastating fire at a seven-storey building that claimed the lives of 50 people, including 46 Indians, according to a media report on Saturday.
Among the international companies that are increasing their investments is the Japanese paint major, Nippon, which is putting in about Rs 80 crore (Rs 800 million) for manufacturing facilities in Gurgaon and a 25-acre unit in Chennai.
Given its risky profile, the realty sector could collapse if the bull run fails to take off
With experts concurring that India and China are lucrative markets for real estate, a comparison between the two countries is inevitable, writes Ravi Teja Sharma.
Real estate has much further to fall and you should govern yourself accordingly
Finance Minister Arun Jaitley's Budget 2014 allows retail investors in India to have an affordable, liquid and convenient way to invest in real estate.
Mumbai police have recorded statements from four developers in connection with a cheating case related to the Malad Slum Rehabilitation Authority (SRA) project, after it was revealed that two directors of a real estate firm allegedly defrauded them.
We must not allow another cycle of crazy price rises to set in. Or land banking to become the next new hot industry.
The prices started escalating three years back and went through the roof.
A career in real estate was till now limited to brokers, masons and labourers. Not anymore as the industry opens up limitless scope for investment bankers, marketing managers, visual merchandisers and supply chain distributors.
The new real estate hubs could typically take between 5 and 10 years to develop depending on the state of economy of the city and the state.
Outsourcing of information technology jobs, which is likely to continue to countries like India, has had an unexpected resul
Leasing activities of office and retail spaces would not be affected much.
GE Commercial Finance will invest $63 million in the Indian IT Parks Fund, sponsored by Ascendas Pte Ltd.
After a long time, real estate companies could hit the fund-raising trail. The reason is improvement in investor sentiment.
Real estate regulation Bill is consumer-friendly and promotes transparency but does not address the issue of inefficiencies in the approval process and other delays by government bodies.
Real estate major CB Richard Ellis has been named the 'Top commercial real estate brand' by the internationally recognised consulting firm Lipsey company.
Non-resident Indians with wealth stuck in real estate in India have reason to rejoice.
If you are already invested in real estate stocks, you've made your money, exit
"As I begin the next chapter of my life, I am looking for ways to pursue a career in business, specifically in real estate," Agassi, 36, said in a statement.
The company is close to buying 1-million square foot office space for Rs 700 crore in Bengaluru.
'The government has to stop trying to fix things for lenders, projects, homeowners and developers and think instead about how to fix the market for houses,' says Mihir S Sharma.
Madhya Pradesh Chief Minister Mohan Yadav's family is under scrutiny after an Indian Express newspaper report revealed their extensive land purchases in Ujjain, particularly in areas benefiting from state infrastructure projects, raising questions of propriety and conflict of interest.
You would be a fool to expect 200 per cent returns every time you invest in real estate. More so, when you don't count the risks engaged in such an adventure
Indian property market and its regulations need to be reformed further to attract foreign direct investment while the demand for space for business process outsourcing is expected to cross over two crore square feet in the next three-five years.
The provisions in the bill will curb malpractices by developers and it even proposes to penalise them if norms are violated.
Real estate bill seeks to impose penalties, including de-registration of the project and other fines in case of a breach.
After years of living with his family in a poky 110 sq. ft. 'house', textile worker Sambhaji Surve dreams of moving into a home four times the size once the Maharashtra government starts its ambitious redevelopment of the 39-acre Kamathipura shanty town in south-central Mumbai. Sharing his dream are about 8,000 other families hoping for a better life when the redevelopment project, part of the government's effort to redevelop old settlements and make life more livable for some residents, gets underway. The Shiv Sena-Nationalist Congress Party aims to redevelop BDD Chawl and Dharavi but for Surve all the matters is Kamathipura where he arrived in the 1970s from Nasik to work in a textile mill. Kamathipura was originally built 150 years ago following construction of a causeway to connect the seven islands of Mumbai. From the British Raj to post-independence, it became infamous for slums and brothels.
The Enforcement Directorate is investigating a Kolkata-based realty company, Merlin Group, for alleged financial links to West Bengal politicians and officials as part of a money laundering probe, seizing digital devices and documents during raids.
Of late, Surajkund has been hyped as an attractive alternative real estate destination on the Delhi-National Capital Region (NCR) map.
Retirement planning is not a test of how smart you are; it is a test of how well you control your behaviour.
The application, filed by Arsalan Iftikhar's counsel in the supreme court, called for the registration of an FIR against Malik Riaz Hussain, owner of Bahria Town real estate firm, for alleging that he possessed photos and video footage of Iftikhar's visits to London that were allegedly paid for by the tycoon's relatives
The CBI has filed two chargesheets in connection with the siphoning of Rs 657 crore from Haryana government and Chandigarh Smart City Limited funds held at IDFC First Bank. The fraud involved fictitious transactions, shell entities, and alleged gold purchases and real estate investments, with IDFC First Bank having already reimbursed the Haryana government.
PE funds have invested Rs 13,000 cr into the property market in Bengaluru.
