RICS, the UK-based self-regulatory body for qualification and standards in land, property and construction, said the upward revision in repo rate in October by RBI is likely to increase pressure on real estate developers.
The demand for affordable housing is 535,400 units.
Real estate developers are increasingly reducing the size of apartments to make these affordable at a time when property markets are going through a prolonged slowdown.
The residential markets across NCR observed subdued activity level in the first half of 2013 as compared to the previous review period, it said.
India has an urban housing shortage of about 18.7 million units, with 95 per cent of this shortfall in the low-cost housing segment, and 43.7 million in the rural belt.
'Defence funding is channelled to State-owned research organisations where scientists are merely bureaucrats holding meetings and sending out minutes of meetings and press releases, but have long ago stopped any innovative work.' 'Unless this tragedy is fixed, India's chances to create world-conquering and job-creating new industries are slim,' says Ajit Balakrishnan.
A flavour-of-the-season approach does not work in investing, suggests Deepesh Raghaw.
Rooms at this Kolkata hotel are priced between Rs 7,000-8,000 per night. Gateway is a full-service upscale hospitality brand under the Taj Group of Hotels.
Broader market underperformed with the BSE Midcap and the BSE Smallcap indices losing up to 0.2%
Though the Railways is yet to declare any five-year action plan, it is clear the government is not in a position to hand-hold it for any major expansion or upgrade. The issue, however, is how far the Railways can function within the PPP format. Recent history highlights some of the challenges.
Budget might turn out to be neutral for the sector.
CREDAI Chairman Lalit Jain said a long term status quo on interest rates would not help prospective home buyers.
NTPC, Sun Pharma Coal India and Asian Paints were among top losers on BSE Sensex
Provisions of RERA, subsidy under PMAY and relaxation in PF withdrawal to buy a house will aid affordable housing, points out Harsh Roongta.
Signs of financial stress were visible when the airline reported a loss of Rs 10.40 billion.
As much as 9 crore shares will be sold over two days, with institutional investors getting to bid on the first day and retail ones getting a chance on Friday.
These builders had collected the taxes from prospective buyers but had failed to deposit them.
Donald Trump has announced that he would skip the glitzy White House Correspondents' Association annual dinner, to become the first US President to miss the gala in decades amidst his raging tiff with the media.
It's such a well-kept secret that even well-heeled financial planners aren't aware of it, says Harsh Roongta.
India has emerged as the brightest spot in the Asia Pacific region as reform has picked up pace in the country in recent months, a top credit rating agency has said.
If we can adhere to those standards, most passengers will be happy.
Private players offer convenience for slightly higher rental than banks.
While sale of residential properties increased only marginally despite plethora of steps taken by the government through the year, office space leasing rose 40 per cent to touch an all-time high of 46.5 million sq ft -- a trend that drew investors to lap up India's first Real Estate Investment Trust at an issue size of nearly Rs 5,000 crore.
SBI, the country's largest lender, first announced a rate cut of 0.25 per cent in its home loan rates on Thursday, forcing HDFC, the second biggest home loan financier, to respond.
Residents of the Mangueira favela or slum, which overlooks the Maracana Stadium where the 2016 Olympic opening ceremony was held, expressed a mix of pride and disappointment as the Games opened in Rio de Janeiro on Friday.
The most experienced administrator in the country seems to have sat back and allowed bureaucrats and policemen to manage the lockdown, observes Jyoti Punwani.
The government will give a final shape to its proposed flagship scheme on developing '100 smart cities' next month.
Slump in realty market to add to woes, debt of top players likely to rise 15-20% this financial year
Thursday was a landmark day for Chennaiyin FC. The Hero Indian Super League franchise launched their home jersey and also announced prominent real estate developers Ozone Group as their principal sponsor.
The two signed the deal almost six years after a business restructuring announced by them.
The company is close to buying 1-million square foot office space for Rs 700 crore in Bengaluru.
Karan Choudhury reports on the implications of the strict Real Estate (Regulation and Development) Act and the prosecution of Unitech MDs, Sanjay Chandra and Ajay Chandra, in an alleged fraud case.
'The government has just scratched the tip of the surface with the recent announcement. They are not realising the gravity of the situation.'
Puneet Wadhwa and Debashish Pachal locate real estate stocks to watch out for.
Projects in Delhi-NCR, delayed by a much as 6-7 years
Bengaluru-based developers, such as Puravankara Limited and Sowparnika Projects, have witnessed over 85-90 per cent of their customers being first time buyers or end users.
Real estate bill seeks to impose penalties, including de-registration of the project and other fines in case of a breach.
'Clearly, the depositors of cooperative banks need the maximum protection.'
In a setback to DLF, the competition Appellate Tribunal on Monday upheld the CCI order imposing Rs 630 crore penalty on the realty major for unfair business practices.
Income from renting of properties is taxed at a flat rate of 10%.
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