The real estate sector is set to enter a progressive phase in 2015.
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.
Securities and Exchange Board of India (Sebi) Chairman Tuhin Kanta Pandey on Thursday called for sharper disclosures in IPO (initial public offering) offer documents, particularly around risk factors, valuation rationale, objects of the issue, and utilisation of proceeds.
The Bill will improve buyers' confidence and boost demand for residential real estate.
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.
The home rental market is facing a slowdown.
"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.
This announcement will widen the base of investors, especially mid-sized financial institutions.
The performance of real estate companies is dependent on a lot of intangibles and is prone to errors in assumptions.
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.
The real estate Bill will stamp out illegal practices prevalent in the industry.
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Jaitley said the Budget proposals would boost the realty sector, which would help meet the housing needs of a vast section of the population.
The Monsoon Session of Parliament will begin on August 5 and the Bill, after its introduction, is likely to be referred to the Standing Committee of Parliament for examination.
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The company will use the proceeds to part-repay its debt, which stands at Rs 34,000 crore (Rs 340 billion) even after the recent qualified institutional placement of its shares. An RCom board committee recently approved the sale of these assets.
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 site where a 27-year-old techie drowned in Noida has become a focal point of public concern, with residents questioning the role of civic authorities and demanding accountability for the tragedy.
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.
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
Housing sales fell 1 per cent last year to over 3.48 lakh units across eight major cities, with demand stagnating amid an average price rise of up to 19 per cent, according to Knight Frank. In a virtual press conference on Wednesday, real estate consultant Knight Frank India noted that the decline in interest rates on home loans, strong economic growth and lower inflation were some of the key factors that helped in sustaining the housing demand during the 2025 calendar year despite fears of an impending correction.
Brookfield India Real Estate Trust (BIRET) plans to acquire a large office campus, covering 7.7 million sq ft, in Bengaluru for Rs 13,125 crore to expand its portfolio.
Experts say with a stable government, things will start improving but the impact might be visible only after six-12 months.
Ambegaon is going to be one of Pune's most vibrant real estate boom areas over the next 10 years.
New real estate portals like PropTiger and Commonfloor are also focusing on the secondary market in a big way.
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.
We map the areas with great prospects for price appreciation in the six metros of Delhi & NCR, Kolkata, Hyderabad, Chennai, Bangalore and Mumbai.
Delayed project delivery and unrealistically high real estate prices, which developers are unwilling to lower despite piled up inventories, have adversely hit the sector.