gross domestic product
The lack of rainfall has affected the farmers very badly; however the good news is that the realty sector in the country does not seem to be affected by the possibility of deficient rainfall this monsoon. India Inc. is hoping that the job market will kick off and an improved gross domestic product (GDP) will help the [...] Continue Reading »
Due to the introduction of e-governance, transparency has increased and the IT department has got more visibility into the assets of the companies. The tax department has drawn up a detailed game plan and is expected to look at various new avenues to collect taxes. Due to the sluggish economy, the income of the tax [...] Continue Reading »
Capital Expenditures or Capex (expenditures creating future benefits) were low in the previous Government and that had slowed the pace of growth in the country. As the new government takes oath in a magnificent ceremony on May 26th and the important portfolios were given to the cabinet ministers, a wave of new hopes crossed India [...] Continue Reading »
Intercontinental Hotels Group (IHG), a UK-based leading hospitality chain, after five decades in India and 19 hotels, is planning to open 45 more properties in the next three to four years. Next to China, within Asia, this is the second highest pipeline. In the Indian market the company has put in $390 million and is [...] Continue Reading »
Recently, an online company called “Lamudi” was launched by ROCKET Internet dedicated solely to real estate in the Philippines. Lamudi Philippines founder and Managing Director Jacqueline van den Ende said in a news conference in Taguig City that “The Philippines is a super interesting country for us.” As investors have dropped the Brazil, Russia, India [...] Continue Reading »
On account of subdued performance in agriculture, mining and manufacturing, the Government came out with the finding that the economy may have expanded by 4.5 per cent in 2012-13, compared with the earlier estimate of 5 per cent. The GDP, however, has been revised upwards to 6.7 per cent from 6.2 per cent, according to [...] Continue Reading »
The government is likely to come up with a Real estate Bill, which is pending in the parliament since 2009. The sector is in urgent need of this bill as the industry is known for foul business and less transparency are practiced widely. The real estate sector contributes five to six percent of the country’s [...] Continue Reading »
Reserve Bank of India (RBI) has announced the second repo rate cut of 0.25 percent (25 basis points) to 7.50 percent. Earlier, a similar cut was declared on January 29, 2013. This has adjusted the reverse repo rate to 6.50 percent and the Bank Rate to 8.50 percent. The Cash Reserve Ratio (CRR) has been [...] Continue Reading »
Property prices in India has gone up by 40 percent due to delay in clearance of projects. According to Economic Survey 2013, to start a new project, 34 procedures are required to obtain clearances which take an average time of over six months, and the issue needs to be addressed. As per the survey for [...] Continue Reading »
This year, the gross domestic product (GDP) growth rate of India has seen a down fall. It is expected that the reforms implemented by the government recently will help improve the real estate market next year. Over the past two years, the city has witnessed ample launches, which resulted in significant unsold inventory spread across [...] Continue Reading »
