Delhi-NCR
According to a white paper issued by Jones Lang LaSalle India, a global real estate services firm, the Indian real estate has witnessed around Rs 14,720 crore of private equity (PE) investor walk outs in the last four years. 74% of the total exits were attributed to foreign funds, says the report. The average ticket [...] Continue Reading »
K.P. Singh, the chairman of realty player DLF, has been conferred the “Indian Business Leader of the Year” award for his vision and skills which have boosted DLF to reach high, at the Horasis global India business meeting held in Antwerp, Belgium. Horasis: The Global Visions Community hosts a global India business meeting every year [...] Continue Reading »
East Delhi Municipal Corporation (EDMC) is planning to issue passbooks to payees to retain all property tax within its range and keep property tax payers’ records up to date. A proposal in this regard was put forward in the Standing Committee meeting by MK Ahuja which was approved by other members. Ahuja also proposed that all the property tax payers [...] Continue Reading »
Being hit by increased land rates, lack of funds and high interest rates, the real estate sector of India has again been demanding for industry status. Despite the fact that 10 per cent GDP is contributed by realty sector which is the second largest employment provider of the nation, the central government is not giving [...] Continue Reading »
Real estate market experts feel that property prices may come down, but however, it depends on the holding power of the builders. The real estate sales volume has dropped down in six of the major cities in India. Mumbai Metropolitan Region (MMR) witnessed 50 per cent drop, Gurgaon 45 per cent, Hyderabad 34 per cent, [...] Continue Reading »
The rupee value has decreased significantly in the recent time, with the recent exchange value recorded as Rs 60 for a dollar. However, falling rupee is a boon on the part of realty of India and NRIs. Builders are getting plethora of enquiries from NRIs to purchase properties. The number of sales of properties in [...] Continue Reading »
The builders of India seem to have learnt that luxury amenities attract rich buyers of the new era the most. To keep pace with the changing lifestyles, builders have started implementing high class amenities like Jacuzzi, squash court and cinema halls, in their luxury projects. Keeping in mind the requirements of young generation and new [...] Continue Reading »
According to the recently released ‘White Paper on Black Money’ by the Union government, real estate is the highest contributor to the total black money generated. Depending on the parties involved and the transaction type, the ‘black money rolling’ percentage within the sector is much higher at around 30 per cent. On an average, the [...] Continue Reading »
ASK Group’s realty private equity arm ASK Property Investment Advisors said it has raised a real estate fund of Rs 1,000 crore. ASK Group collected money from high net worth individuals (HNIs) and Ultra HNI investors across 10 cities in India in a partnership with private banking arms of institutions such as ICICI Bank, Future [...] Continue Reading »
Real estate developers have planned to give rest to the new project launches, instead they prefer to sell the unsold inventory, as this process prevents dropping of price in the declining market. Analysts say developers have realised that launching of new projects could cut down the unsold inventory prices which were launched at higher costs. [...] Continue Reading »
