Realty News
Investment sentiments of consumers in India might soon improve, as the government has given its consent to 25 proposed Foreign Direct Investments (FDI). While the FDIs are not going to be placed directly in the real estate market, they would, however, play an important role in reviving the country’s economy, imbuing similar effects on the [...] Continue Reading »
REITs might have to face some turbulent times before being fruitfully launched in India, due to the current tax rules, which make it an unattractive and stringent affair. The rules announced by the Indian Government for setting up Real Estate Investment Trusts (REITs), which may spur $20 billion of property development, will not see the [...] Continue Reading »
With interest rates soaring by the day, the festive season is witnessing lesser demand for houses than expected. While interest rates on loans is undoubtedly the foremost culprit, high cost of raw materials and gloomy consumer sentiment are playing their part. However, according to a report by Knight Frank and Ficci, the market should pick [...] Continue Reading »
In a cat-and-mouse chase between SEBI and DLF, the investors of DLF are likely to take the ultimate beating, with several under-construction projects hanging by a thread after SEBI’s fundraising ban on DLF. In a verdict passed on Monday, the Securities and Exchange Board of India (SEBI) decided to debar India’s real estate giant DLF’s [...] Continue Reading »
The BJP-led Government will have to go ahead apart from rhetoric statements and focus on real issues existing in our country like pragmatic land acquisition policy, lower corruption stable policy regime, less paper-work, and flexible labour laws in order to make the country a proper an attractive destinations for the investors. The UPA Government during [...] Continue Reading »
The real-estate developers Omkar Realtors & Developers and V Raheja Group have come together in a joint venture in order to construct a luxury residential project on a stretch of 7.5-acre land parcel in the city of Mumbai. The V Raheja Group, who owns the plot that is located on the Western Express Highway at [...] Continue Reading »
With the new Union Government having been asked by the Delhi High Court to clarify its stand on implementation of the amended Delhi Rent Act 1995, the Centre apparently has plans underway to draft a new Rent Bill for Delhi. The Union Government will proceed with the drafting of the new Rent Bill for Delhi [...] Continue Reading »
The extension of the Metro route to Ghaziabad as well as the widening of the NH-24 to six lanes is expected to give a boost to residential developments in Ghaziabad’s upcoming residential corridors, such as Raj Nagar Extension, Crossings Republic township, and other developments along the NH-24 beyond Indirapuram. With Ghaziabad chiefly catering to the [...] Continue Reading »
According to a senior official of the Delhi Development Authority (DDA), the deadline for the submission of applications for the Authority’s Housing Scheme 2014 may be extended. The DDA had launched the Housing Scheme 2014 on September 1. The scheme was initially scheduled to end on September 30, but that deadline was extended till October [...] Continue Reading »
On Sunday, over 150 home-buyers of Uni-tech Residences flats staged a peaceful protest against the delay in the possession of their flats. The flats at the Uni-tech residences project were scheduled to be delivered by the developer, Uni-tech, by 2011 end. With only 22 flats having been handed over by Uni-tech so far, and with [...] Continue Reading »
