India's economy could also suffer some ill-effects without necessarily triggering retaliation via higher tariff barriers against Indian goods, says Devangshu Datta.
Builders bet on affordable homes as luxury sales dip, however, signs of revival after note ban and Rera are slowly visible
Fresh guidelines were issued by the government on Wednesday for enforcing the second phase of the coronavirus lockdown, with the Union home ministry barring all kinds of public transport and prohibiting opening of public places during this period.
After selling land in Gurgaon for Rs 1,211 crore recently, the Sahara group is believed to have finalised two more realty deals, one in Mumbai and another in Jodhpur, for Rs 1,250 crore.
Even if the same party returns to power, what is important to debate is that having introduced an entitlement, how challenging it is to reverse such decisions, says Mukesh Butani.
Broader markets underperformed indices with BSE Midcap down 0.43% while the Smallcap index fell 0.07%.
At a press conference, the NBCC CMD defended the move, saying it is a sacrifice that one has to make for development and they would be compensating by increasing the green cover 15 times.
India has more service companies, such as IT and healthcaresectors, which always trade at a premium to the overall market.
he multi-billionaire announced his presidential plans on Tuesday from his namesake tower in New York City.
The government has relaxed the norms for allowing foreign direct investment (FDI) in the construction development sector. It is expected the move will boost affordable housing projects and smart cities across the country.
Around Rs 2 trillion will flow in over the next five years for development of urban areas across India.
Also, LBS Marg provides easy accessibility to other parts of Mumbai.
Sebi had imposed penalties on DLF, for entering into sham transactions.
SBI's Bhattacharya is ranked second on the list, while ICICI's Kochhar is 5th and Axis's Sharma is 19th in the Fortune list
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The Indian Consulate in Guangzhou has organised a face to face interaction with Chinese investors to make a case for them to step up investments in India, a press release from the Consulate said.
he hike in service tax rate from 12.5 per cent to 14 per cent will increase the costs of buying
A revival in the sector is still 12-18 months away: Experts
Real estate biggies unhappy with status quo on RBI rate cut.
Assembly elections coming up in November and December could offer a window of opportunity to the government to make GST attractive through rate cuts.
Consultants said the fact that Oberoi had no debt on its books and Kalpataru had low debt helped the two in the slow realty market.
They sought further cut in interest rates as well as reforms.
India's most heavily indebted property firm, DLF has filed an appeal with the Securities Appellate Tribunal (SAT) against a ban from tapping capital markets for three years, a spokeswoman for the appellate told Reuters.
After exporters, real estate companies are demanding a priority sector tag for loans to the low-cost housing sector.
It will be National Housing Mission which will be launched soon
No effect on ongoing projects, says company.
The real estate sector is set to enter a progressive phase in 2015.
Real estate developers are banking high on ultra-luxury projects.
But completion occupancy certificates to be mandatory.
However, the realty players will have to pursue their long-pending demands with the state government for abolition of the Urban Land Ceiling Act, speedy approvals to expedite redevelopment of Maharashtra Housing and Area Development Authority buildings, development of cluster development, rental and affordable housing.
DLF has a land bank of 295 million sq ft, of which 50 million sq ft is under development.
Realtors split on possibility of price fall, gold may replace cash in secondary deals.
The jewellery industry has welcomed the government's decision to ban old Rs 500 and Rs 1,000 notes, saying gold demand will rise as people will have more faith in the precious metal than the currency notes. But the unorganised builders and secondary (resale) property market would be adversely impacted.
SBI asked RBI to allow lenders sell loans below the base rates.
At a time when buyers are complaining about developers not sticking to delivery schedules and delays stretching for three-four years, these technologies have come as a boon.
Real estate loans could become NPAs for banks.
The firm, which owns, operates and manages hotels, palaces and resorts, is likely to hive-off the two properties into separate entities.
The revival in Mumbai's property market could help the group.
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Revenue yield on every rupee of investment fell to Rs 1.06 in FY13 from Rs 1.20 in FY08.
Liquor sales will obviously be hit. So, will real estate prices at what used to be prime locations, close to major thoroughfares. Food and snack sales close to highways will also, in all probability, be affected.
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