In mid-2020, when Kushal Pal Singh, the undisputed king of India's vast real estate market, relinquished the top post at the country's largest realtor, he left behind an empire that is best compared to the Greek myth of the Phoenix. Once the leader of Delhi's organised real estate market, DLF's steep decline in the 1970s and its majestic rise since has often been cited as a business resurrection story. Now, a year after his departure from the helm of affairs, history seems to be repeating itself at the real estate major. In the 1970s, it was the government prohibitions that had forced DLF to venture into uncharted territory; some five decades later, the Delhi-headquartered firm has set its eyes on another growth trajectory that holds immense potential.
Former Sri Lanka captain Arjuna Ranatunga feels India might find it difficult to defend the World Cup title in 2015, in Australia and New Zealand, because of a weak bowling resources.
The new launches in the affordable category could just be another marketing gimmick to push sales and mop up money.
The coastal city of Mangalore is turning into a major battleground between the Bharatiya Janata Party and the Congress for the forthcoming state election.
Passionate about buying land, Ellison, co-founder and chief executive officer of Oracle Corporation, has acquired some of most beautiful houses and land since the 1990's.
Tinesh Bhasin explores the limitations of rights granted to homebuyers under the Insolvency and Bankruptcy Code.
Says consultations with the Ministry are nearing an end.
Advances to firms for deals that never go through are the best way to convert this into legal cash.
DLF joined the Asian big league in hotel deals after it sold Aman Resorts at around Rs 1,600 crore to the latter's founder, Adrian Zecha.
Developers could not find the model of affordable housing viable as they used same resources for premium projects and due to rise in cement and steel prices.
While the thrust will be on pan-India residential projects, office and retail launches, too, will add up to make for the realtor's project mix of 12 to 16 million sq ft during the coming year.
Since 2000, China has had the world's largest outflow of HNIs.
Corporates, realtors, and even IPL fixing -- the tentacles of the hacking network, whose alleged member was nabbed by a agencies of India, US, Romania and China on Friday, run broader than anticipated, reports Vicky Nanjappa.
A host of dynamic reforms, policies and announcements during the last five years are expected to reach its logical fruition in the second term, says Ankit Kansal.
While all real estate is local, not all property buyers are.
Other than Kapoor, the complaint, running into more than 10,000 pages, named his wife, Bindu; three daughters Rakhee, Roshini, and Radha; and three firms, Morgan Credits, RAB Enterprises, and Doit Urban Ventures, allegedly controlled by them.
Builders on Friday blamed the Noida and Greater Noida development authorities for the current crisis and warned of similar problems in future due to their faulty land acquisition process.
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While private equity giant Blackstone and Pune-based realtor Panchshil Realty had offered Rs 800 crore for the building at Nariman Point, the building's owners -- Viveck Goenka, chairman and managing director of the Indian Express Group, and private equity firm ICICI Venture (which has 49 per cent stake in the property) -- expected the sale to fetch Rs 900 crore, said the executive.
Slump in realty market to add to woes, debt of top players likely to rise 15-20% this financial year
It's a race among real estate developers to complete a floor quicker than the rest. With timely delivery of projects turning into a selling point, innovative technology is being put to use by realtors like never before.
Known for his habit of dozing off, India's former Prime Minister H D Deve Gowda was literally caught napping when industry leaders went to meet him to discuss the deteriorating state of the Indian economy, DLF Chairman K P Singh has recollected in his autobiography.
The case is understood to be related to the alleged irregularities in land allotment in 2009, sources said.
'Some brands only lend their names to the property and take a royalty.' 'The developer only needs to adhere to the terms and conditions of the contracts.' 'But branded apartments from Trump are particular about every small detail.'
The defence ministry has been hit by a fresh land scam with an in-house inquiry finding that about 70 'adhoc NoCs' were issued to private realtors flouting norms for defence land which included the Srinagar air base.
Meet Anand Kumar, a government clerk who transformed into a real estate and hospitality baron.
The rise in interest rates is not only making homes and equated monthly instalments dearer for buyers, coupled with an anticipated slowdown in the economy, it would hurt demand for commercial real estate as well.
Noting that land scams such as Sukna and Adarsh Society have projected armed forces in a "bad" light, Defence Minister A K Antony said on Wednesday that policies would be framed to bar local military authorities from directly issuing 'no objection certificates' to private realtors.
Maryland realtor Narain Kumar Mathur has declared his candidacy for the Charles County Board of Education. If elected, he pledged to provide 'our kids a safe, comfortable educational environment and enhance educational standards by reducing class sizes.'
Lt Gen P K Rath, former Deputy Chief of Army Staff-designate, was on Friday found guilty by an Army court martial in the Sukna land scam, becoming the highest ranking serving officer to be convicted for corruption.
Cement and steel prices have shot up sharply in the past four months, with steel prices rising 10 per cent and cement increasing 34 per cent since January.
The Army Court trying Lieutenant General P K Rath in the Sukna land scam on Wednesday rejected his petition to examine private realtor Dilip Agarwal, saying the defence was given ample opportunity to put questions to Agarwal when he was a court witness.Presiding officer I J Singh took on record the letter purportedly written by Agarwal to the court claiming that Rath was innocent.
For the first time in the history of Indian armed forces, a serving lieutenant general will face a court martial for his alleged involvement in financial irregularities. Former 33 Corps Commander Lieutenant General General P K Rath will face a court martial starting August 30 for his role in issuing a no-objection certificate to a private realtor for building an educational institution on a 70-acre piece of land adjacent to the Sukna military station in West Bengal.
After the reconvened Court of Inquiry (COI) was completed earlier this month, the army initiated the summary of evidence against him at the Eastern Command headquarters in Kolkata from Tuesday and General Prakash was slapped with five charges.
Although both Telangana and Samaikyandhra agitators are still fighting over the status of Hyderabad, many builders are showing a keen interest on 'construction activity' in Vijayawada, said Giridhara Prasad Gupta, a real estate businessman.
In a base case, the consultant said that sales could drop 25 per cent to 1.96 lakh units this year from 2.61 lakh units in 2019 across seven major cities -- Delhi-NCR, Mumbai Metropolitan Region, Kolkata, Chennai, Bengaluru, Pune and Hyderabad.
The decision to split Andhra Pradesh may have caused thousands to celebrate across Hyderabad, but it has made a considerable number of residents of the state capital apprehensive about their future.While original inhabitants of Telangana region remain unaffected by the developments, it is the 'settlers' (as they are called in Hyderabad) from Rayalseema and Andhra, who are worried.But the issue of Hyderabad becoming a part of Telangana has worried real estate developers.
The Enforcement Directorate on Thursday conducted searches on the premises of realtor EMMAR MGF in connection with the multi-crore illegal Hawala and investment case involving former Jharkhand Chief Minister Madhu Koda.
Increase in income from agriculture and growth in overall rural economy coupled with huge migration of labourers to the Gulf countries are impacting the steady flow of masons, plumbers, electricians and other skilled and unskilled job workers in the construction sector.
Mhada presently has only Mumbai and Nashik cities in mind. If it takes off here, the thinking is to extend this to Pune and Aurangabad, and then elsewhere, if a common formula could be arrived at.
With federal help for home buyers and owners, the housing market is on its way to recovery, reveals the latest survey by the National Association of Realtors.
