Realty News
The growth of the retail and the e-commerce sector is directly proportional to the demand in warehouses. Demand for warehousing is estimated to grow at 9 % per annum over the next five years and would require investments of up to Rs 16,000 crore each year till 2019. The chief economist and head of research [...] Continue Reading »
The forthcoming Indian Budget 2014 to be presented by the Finance Minister Arun Jaitley has a lot of expectations from all the strata of the society. The realty sector is a critical sector of our economy and it has been struggling under high mounting debts and lowered demand. Since it has a multiplier effect on [...] Continue Reading »
The Revenue officials of the Bruhat Bangalore Mahanagara Palike (BBMP) have been instructed to commence the process of collection of betterment charges in connection with the regularisation of sites formed under converted lands. The directions to set the ‘betterment charges collection’ process in motion were issued to the BBMP’s Revenue officials in a circular released [...] Continue Reading »
Railway officials in Mumbai are hopeful that Prime Minister Narendra Modi’s new government will give a push to the first Mumbai-Ahmedabad high-speed train proposal in the 2014 Railway Budget — the first rail budget of the Modi government. The projections voiced by the Mumbai Railway officials about an expected push to the Mumbai-Ahmedabad bullet train [...] Continue Reading »
According to a recent study conducted by National Crime Records Bureau (NCRB), the Indian capital city Delhi has the most number of cases that are related to property fraud and misappropriation. 181 cases were filed in the year 2013, of which 173 cases were related to cheating and 8 were for criminal breach of trust. [...] Continue Reading »
The Ajay Piramal Group is expected to finalise transactions, which involve purchasing the authority to control the stakes in six road assets across the country. This news has fueled the real estate players who are now hoping that the presence of big investors will boost the infrastructure development in the country. Four non-binding preliminary term [...] Continue Reading »
Latent demand in real estate is set to increase in the second-half of the year, and especially in FY 2015, predict analysts. Realty stocks are lately registering a good response in expectation of a revival in property demand and clarity in tax structure with respect to the REITs. BSE Realty Index and Sensex have risen [...] Continue Reading »
After the new government was formed at the centre, the real estate stakeholders had high hopes about the changes the government will implement in their favour. With the first Union Budget being presented by the new Government on July 10th, a lot of expectations are in the air. Real estate players are expecting clarity on [...] Continue Reading »
The entire nation and the business world abroad are looking at the maiden budget of the Modi Government to be presented on July 10 with a lot of anticipation. Manufacturing, housing and labour skilling are going to be the key long-term focus of Finance Minister Arun Jaitley maiden budget on July 10. The government’s main [...] Continue Reading »
Sahara group had pleaded the Supreme Court (SC) to release its founder Subrata Roy for at least 40 days to help the group sell assets to raise Rs.10,000 crore. However the Supreme Court on Friday reserved its order and it seems now Roy might have to spend more time in the jail as this money [...] Continue Reading »
