Realty News
CNBC AWAAZ has announced to hold ‘Real Estate Awards 2012’ to recognize the effort and worth of visionaries and professionals from the real estate industry. The theme for this year’s awards is “Modern Marvel” and it is slated to be held in November. The organisers have called for entrees within September 21. The awards will [...] Continue Reading »
The real estate firms are revisiting strategies for development in India’s smaller cities. Various firms have been pursuing varied strategies on the backdrop of a realty slowdown. Some large developers are sticking to bigger cities while discontinuing project plans in smaller towns. Some firms are switching from premium to affordable homes to generate sales and [...] Continue Reading »
Gurgaon has emerged as the top real estate destination in the country. A large number of Fortune 500 companies have their offices in Gurgaon, making it a financial, outsourcing and commercial hub of India. The exponential growth in its commercial and industrial profile has led to an ever increasing demand for housing sector in Gurgaon [...] Continue Reading »
The Revenue Department has declared that it is going to introduce changes in the accounting standards for the real estate sector to bring about uniformity in reporting of financial results. The Central Board of Direct Taxes (CBDT) has stated that the report of the CBDT appointed committee on accounting standard for the real estate sector [...] Continue Reading »
Gujarat Institute of Housing & Estate Developers (GIHED) have predicted that housing projects in Gujarat may become costlier by 10-15 per cent if rising input costs of material and labour are unchecked. GIHED sought government’s intervention to check the spiraling prices of cement, which they say have risen by Rs 70-85 per bag of 50 [...] Continue Reading »
Land rates in Bihar continues to soar. However, the volume of revenue collected by the registration department from sale of land and apartments has registered a 50 per cent growth compared to corresponding period last year. According to the statistics of the registration department, the state has earned Rs. 653.51 crore as revenue from the [...] Continue Reading »
The confusion over VAT payable by the builders and buyers in Maharashtra is being handled carefully by the state government and builders alike. The Maharashtra Chamber of Housing Industry (MCHI)-Confederation of Real Estate Developers’ Associations of India (CREDAI) has set up a four-member committee to look for the best option for developers to compute Value [...] Continue Reading »
The Gurgaon builder community has accused the Haryana government of misinterpreting the Punjab and Haryana High Court order of July 31 about sealing of borewells at construction sites and randomly sealing their projects instead. The battle surrounding ground water uses continues as during a resumed hearing on petitions filed by Sunil Singh and Qutab Enclave [...] Continue Reading »
Mumbai’s economy has been hurt by an unregulated, hyper inflated and speculative real estate, which in turn would have its effect on the country’s economy. The astronomical property prices are driving new businesses and expansion of existing ones away to other cities. The cost of acquisition of a facility to run business is very high [...] Continue Reading »
Analysts say that interest of overseas funds in the Indian real estate sector is intact but the approach has changed. The investors have turned their focus on specific project. About $2 billion private equity had come into the real estate sector in the past two years and funds were keen to make investments after considering [...] Continue Reading »
