Realty News
One of India’s leading realty and infrastructure developer group, Parsvnath Developers Ltd., has recently revealed in its FY15 first-quarter earnings report that the company’s consolidated revenue during the April-June 2014 quarter stood at Rs 96 crore. According to the figures shared by Parsvnath Developers, the company’s profit before tax for Q1FY15 was at Rs 12 [...] Continue Reading »
India is laying the groundwork in order to make the real estate investment trusts tax-exempt and allow them to trade on the public exchanges, a move that may help unlock as much as $20 billion of listings. Regulations on taxation will be also be amended, finance minister Arun Jaitley said on 10 July, and the [...] Continue Reading »
The NDA government’s vision for India includes amongst other things, the creation of around 100 smart cities. As India struggles with infrastructure problems around a focus on smart cities is turning out to be one of the best ways forward to mend this. It is important however, to define a ‘smart city’. The three prerequisites [...] Continue Reading »
So many things that make India a very difficult place to invest in and do things are what the moderate response is from the American real estate tycoon Donald Trump to this correspondent who, at a recent event in Dubai, enquired about his investment preferences. But what made Trump react this way? Is it the [...] Continue Reading »
As the Maruti, Bharti, HUL and Idea all stated beating the Street, the mood in corporate India even if not actually upbeat, is surely better than it was a few months ago. There is, however, some of the despondency that goes with the realisation that the core of the economy remains in deep trouble; from [...] Continue Reading »
The government in its effort to gain foreign investors has announced in its 2014-15 Budget two important measures to increase the flow of foreign funds in real estate and reductions in the minimum size of projects from 50,000 square metres to 20,000 square metres, and the investment amount in a project from US$ 10 million [...] Continue Reading »
The investments that are going in flats have caught the fancy of buyers who are looking for a second home in Kasauli and its surrounding areas, the highly priced exclusive cottages have failed to find buyers over the past couple of years. However the real estate scenario in most of the regions of Himachal Pradesh [...] Continue Reading »
It has really been a very hectic week for the infrastructure sector. This started with an Rs 12,000-crore deal going through, and was accompanied in its wake by the buzz and promise of many more to come. The Delhi-based Jaypee Group has sold three hydropower plants to Anil Ambani’s Reliance Power, just a few days [...] Continue Reading »
In the last six months the property sales have been very low in Mumbai and lesser project launches as compare to this time last year which indicates a half yearly report by the real estate research firm PropTiger. Although the figures look bleak the reports suggest that in fact it is a good time for [...] Continue Reading »
There is some good news for the unskilled workers who mostly work as labourers, mechanics, machine operators and other blue collared jobs. Start-ups in the skills space are not just helping the blue-collar professionals to enter the industry, but are also helping the companies reduce the training costs. Start-ups, such as Skillsonics, and LabourNet, are [...] Continue Reading »
