Realty News
Karnataka has made life a lot easier for investors by doing away with the need to get farmland converted for industrial use after a project is approved by the government. The agriculture land where an investor has proposed a project is deemed converted once it is cleared at the highest level, the Chief Secretary Kaushik [...] Continue Reading »
Southern developer Nitesh Estates, which built India’s first Ritz Carlton hotel, has bought Israeli billionaire Mordechai Zisser’s 1-million-sq-ft Plaza Centre Mall in Pune for Rs 300 crore, according to at least three sources aware of the matter. Zisser’s diversified conglomerate Elbit Imaging Group, through its subsidiary Plaza Centers, operates a global portfolio of 37 retail [...] Continue Reading »
Despite concerns being raised by the banking regulator over varied instalment schemes offered for real estate buyers, developers continue to woo consumers with more such offers to boost sales during the festival season. In September last year, the Reserve Bank of India (RBI) had expressed its displeasure on home loan products that offered under the [...] Continue Reading »
Gurgaon housing market has unsold inventory of nearly 19 million sq ft, 28 percent of the total area under development, due to slowdown in demand and a surge in supply, according to rating agency ICRA. However, ICRA Research said in its latest report on Delhi- NCR residential market that sales would outstrip demand in near [...] Continue Reading »
A slowing economy, rising interest rates by banks, high inflation and the weak rupee, among others, contributed towards building a negative sentiment among home buyers that resulted in dwindling sales volumes within the residential market. However, the election results, sops for the housing sector in the Union Budget and the reviving economic growth of the [...] Continue Reading »
The office market of the top six cities have been recovering steadily over the last two years, with vacancy levels dropping from 21% in H2 2012 to less than 19% in H1 2014. This has primarily been led by the gradual increase in absorption across the top six cities – Mumbai, NCR, Bengaluru, Pune, Chennai [...] Continue Reading »
Abeyant construction, delayed possession, hollow promises and helpless buyers. These seem to have become a common trait in the real estate industry in the city. The case involving DLF portrays the helplessness of a buyer, who endured excruciating wait for getting a business space despite depositing over Rs 85 lakh and finally had his grievance [...] Continue Reading »
Prime Minister Narendra Modi will unveil his signature ‘Make in India’ initiative on September 25 with a raft of proposals designed to get foreign companies to set up shop and make the country a manufacturing powerhouse. Modi will announce the plan at an event in Vigyan Bhawan that will be beamed live not just across [...] Continue Reading »
With the target of providing of providing houses for all by 2022, a new integrated National Housing Mission will be launched soon by merging some of UPA flagship schemes like JNNURM and Rajiv Awas Yojana. Noting that the gigantic task of ensuring housing for all needs large scale participation of private developers, Urban Development and [...] Continue Reading »
Foreign direct investment inflows to India are expected to gain further momentum and net FDI inflows to the country could cross $30 billion mark this fiscal year driven by improved investor sentiment, a Nomura report says. According to the Japanese brokerage firm, net FDI inflows is on track to top $30 billion and this would [...] Continue Reading »
