Commerce and Industry Minister Piyush Goyal that the players in the sector should start lowering prices and, if the worst comes to the worst, write off investment as bad business decisions.
Housing sales across seven major cities are estimated to fall 47 per cent year-on-year to 1.38 lakh units this year on lower demand because of the COVID-19 pandemic, according to property consultant Anarock. New housing supply, too, is likely to fall 46 per cent to 1.28 lakh units in 2020 in seven cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Hyderabad, Chennai and Kolkata.
Former Yahoo! CEO Terry Semel is planning to sell his magnificent sea facing mansion in Malibu.
The CCB had raided Ragini Dwivedi's residence early Friday morning after obtaining a search warrant from a court, a police officer said.
Rising prices in the real estate sector in Bangalore, the IT capital of the country has turned the attention of several realtors to Chennai, a city which is slowly but surely set to beat Bangalore in the real estate space.
Relativity Media Founder and CEO Ryan Kavanaugh plans to sell off his Malibu beach house for $10.5 million.
Mark Pincus plans to sell another plush property in San Francisco for $1.97 million.
To compensate for the loss of free-of-FSI areas, fungible FSI to the extent of 35 per cent for residential development and 20 per cent for industrial and commercial developments has been allowed with premium.
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.
Last winter, Microsoft founder Bill Gates spent a whopping $600,000 per month to rent a plush bungalow in Wellington, Florida.
The problem for the NBFC sector is the funding inertia by banks and not lack of funds.
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.
Tinesh Bhasin explores the limitations of rights granted to homebuyers under the Insolvency and Bankruptcy Code.
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.
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.
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.
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.
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.
The case is understood to be related to the alleged irregularities in land allotment in 2009, sources said.
While all real estate is local, not all property buyers are.
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.
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.
Slump in realty market to add to woes, debt of top players likely to rise 15-20% this financial year
'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.'
.jpg)
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.
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.
Meet Anand Kumar, a government clerk who transformed into a real estate and hospitality baron.
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.
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.
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.
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.
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.'
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances