Realty News
The Indian government is making arrangements for a mega Rs 50,000 crore equity fund for the power sector to provide 24×7 electricity supplies in the villages for at least those states that are being ruled by the Bharatiya Janata Party (BJP). The initial corpus is being expected to flow from the various state run banks [...] Continue Reading »
The Union Budget, which was presented by Arun Jaitley, the Finance Minister on 10th of July, will help in boosting the business in the real estate industry. The Tax benefits that have been given in the hands of people, especially income tax exemption against the interest in housing loans, will help people in building a [...] Continue Reading »
Anandi Patel, the chief minister of Gujarat said that a computer enabled draw for allocating houses will be a breakthrough in eliminating the middleman and provide a level of transparency in the procedure. The middle man would indeed take away the benefits from the projects, thereby creating a sense of duplicity. The chief minister stated [...] Continue Reading »
The 2014 Budget proposals to allow FDI in the housing sector and tax incentives for REITs (Real Estate Investment Trusts) was welcomed with much joy by realty experts. They believe that by doing so, the chances for creating affordable housing will increase, and help improve investment flows. Announced by Finance Minister Arun Jaitley, the Budget [...] Continue Reading »
In the new budget announced by Finance Minister Arun Jaitley, there is a provision that imposes short-term capital gains tax on unlisted capital assets held for less than three years. Currently, an asset would be a short-term capital asset or a long-term capital asset if it has been held for less than a year or [...] Continue Reading »
Eighteen months ago, Global financial leviathan Goldman Sachs had reached an agreement with Kalyani Group – a real estate developer based in Bangalore, to lease almost 1.6 million sq ft of office space in the city. With a rental lease of around Rs. 60 crore a year for one million sq ft, this was one [...] Continue Reading »
A five-year analysis of the price trends of residential realty market across 11 cities reveals that the areas of Navi Mumbai and Thane have recorded the highest percentage increase in flat prices across the country. According to the report by JLL (Jones Lang LaSalle), a firm offering specialized real estate services to its clients, the [...] Continue Reading »
Founded in 1980 by Mangal Prabhat Lodha (Chairman), Lodha Developers Pvt. Ltd. have more than 35 million sq ft under development. The real estate firm have been acquiring land over the years, as the combined debt of India’s listed developers shot up from Rs. 15,880 crore in 2007 to a record figure of Rs. 39,400 [...] Continue Reading »
With the National Democratic Alliance (NDA) aiming to take the economy to a sustained growth rate of 7-8% within the next couple of years and increase job opportunities, Finance Minister Arun Jaitley announced new measures to improve roads and boost construction. The road sector was the focus during the previous NDA government as well. Arun [...] Continue Reading »
According to the Economic Survey 2013-14, housing prices have increased in 24 major cities across the country between 2007 and 2013. The city of Chennai alone reported more than a threefold gain in the rates in those 6 years. As compared to the base year (2007), during the time period 2007-2013, residential property prices saw [...] Continue Reading »
