Realty News
Real estate developers and buyers in Navi Mumbai has accused town planning body Cidco – City and Industrial Development Corporation – of selling housing project flats at market rates. With Cidco set to launch its latest housing project in Kharghar on July 22, builders and buyers have alleged that the cost at which the corporation [...] Continue Reading »
Due to lower volumes and lower realisations, realty firm Sobha Developers’ sales booking declined 20 % to Rs 482.2 crore during the first quarter of this fiscal. In the same quarter of last fiscal, its sales bookings stood at Rs 602.8 crore. In an operational update, Bangalore-based Sobha Developers said the sales volume dropped to 754,000 [...] Continue Reading »
On Thursday as the Budget halted shortly after announcing measures to better big-bang issues and increasing measures to support growth, Indian equities felt more than their initial share of volatility. The budget spoke about the Centre’s commitment to fiscal prudence. The tug of war that existed between the bulls and bears was finally won by [...] Continue Reading »
In a move which will facilitate the government in coordinating the development of all the proposed Industrial Corridors in the country, the government announced on Thursday that it plans to set up a National Industrial Corridor Authority (NICA) with an initial amount of Rs 100 crore. The government’s decision to set up NICA marks a noteworthy [...] Continue Reading »
Real Estate Investment Trusts (REITs) are expected to raise a whopping $10 billion this fiscal itself after it was launched in the maiden budget presented on July 10. They are expected to provide relief to the real estate industry which has been reeling under the liquidity crunch for the last few years. REITs would get [...] Continue Reading »
Realty firm Parsvnath Developers are contemplating about raising funds for their two commercial projects in the national capital via the FDI route. Ever since real estate got a green signal to raise funds via FDI (Foreign Direct Investment) which was declared in the current budget, many developers have breathed a sigh of relief. At an investment [...] Continue Reading »
The smart cities are all that have been taken care of in the Budget, the FDIs and SEZs. The Budget has allocated an amount of Rs 7,060 crore for 100 smart cities. The prime minister of India, Narendra Modi wants to see 100 smart cities which will be a strong measure and will help India [...] Continue Reading »
A team of global investors from the Silicon Valley of the US has assured the Odisha government an investment of $300 million to promote Information Technology (IT) and Electronic System Design and Manufacturing (ESDM) units at the proposed Info-valleyIT park on the outskirts of Bhubaneshwar. Odisha is the first state in India to tie up with Silicon Valley. This [...] Continue Reading »
A penalty of Rs 630 crore was imposed by the Competition Commission of India (CCI), holding the prestigious realty major DLF guilty of abusing its dominant market position with regard to a residential society in Gurgaon. DLF on Thursday moved to the Supreme Court against the Competition Appellate Tribunal’s order which was issued in May. [...] Continue Reading »
There is some true good news for the real estate industry and infrastructure industry as the government today proposed tax incentives for two new investment instruments -REITs and InvITs- . This is expected to attract long term funds from foreign and domestic investors, including the NRIs. The new investment products, Real Estate Investment Trusts (REITs) [...] Continue Reading »
