Realty News
A lot of new companies are entering the Fortune magazine list. Tobacco-to-FMCG conglomerate ITC has replaced Tata group IT giant TCS as the country’s most admired company on a Fortune magazine list. This list has got as many as 19 new entrants including Cognizant, Birla group firm Idea Cellular and discom BSES Rajdhani Power Ltd. [...] Continue Reading »
Foreign direct investment (FDI) in the services sector declined about 22 % year-on-year to USD 738 million during April-June period of the ongoing fiscal. Though the manufacturing and Infrastructure sector are receiving good FDI investments, the services sector needs to pick up. The services sector, which includes banking, insurance, outsourcing, R&D, courier and technology testing, [...] Continue Reading »
The Reserve Bank of India (RBI) has said about 36 % of the overall 4.1 % bad assets in the system have been created by the six sectors of the economy – infrastructure, metals, textiles, chemicals, engineering and mining. The central bank stated that these sectors, though, have only 30 % of the credit share [...] Continue Reading »
The delays in project execution & under construction properties has made several home buyers opt for ready-to-move-in properties. This was revealed by a survey of first-time homebuyers across the country conducted by one of property portal recently. As many as 43 percent respondents showed preference for ready-to-move-in properties in the survey. This can be considered a [...] Continue Reading »
The current market prices of property have fallen below the circle rates owing to the subdued realty market in many locations like New Friends Colony, Kalindi Kunj, and Noida in the NCR; Behala, Thakurpukur, Kolkata Main and Lake Town among others in Kolkata, and in small cities like Bhopal. There are many other cities and [...] Continue Reading »
Property market, which was at its peak till about three years back in Punjab, is going through its worst phase for the past 18 months. Market watchers in Ludhiana, that is considered the industrial hub of the state and prime real estate location, claim that almost 60 percent of those, dealing in properties in the [...] Continue Reading »
In a last-ditch effort to locate Sahara investors eligible for refunds, regulator Sebi has asked all such persons to submit their claims by next month, while the group claims to have returned the outstanding dues to almost all the concerned bondholders directly. Those having invested in various bonds issued by two Sahara firms, Sahara India [...] Continue Reading »
There’s never quite been a sale like this before: three iconic hotel properties in New York and London being sold from inside Delhi’s Tihar Jail, known for having housed some of India’s most notorious criminals, and now Sahara Group chairman Subrata Roy. His release on bail depends on how fast he can strike a deal [...] Continue Reading »
In the 2014 housing scheme of the Delhi Development Authority (DDA), a big chunk of more than 25,000 flats on offer are one-bedroom flats. If a two-bedroom or three-bedroom flat is what you desire and feel your chances are slim, here is how the DDA’s draw of lots works. While filling up the application form, [...] Continue Reading »
The number of millionaires in the country is comparatively rising up. The Kotak Wealth report released in July 2014 shows that the number of ultra high networth individuals (UNHIs) rose by 16 percent from 1,00,900 in 2012-13 to 1,17,000 in 2013-14, while their net worth rose by 21 percent from Rs 86 trillion to Rs [...] Continue Reading »
