New government
The rating system would entail the real estate developers to disclose many things. They would have to reveal the exact source of funding for all their projects and also the completion rate of the project every year. Builders turn ferocious against such grading system. This act came into power in the beginning of this year, [...] Continue Reading »
Now it’s around half a year the new Government i.e. BJP led taken the charge at the Centre. Along with latest and modern business policy declarations and good budget, the government has tried to infuse positive instincts in the country people. The unaltered Delhi Government had ignited positive vibes in the field of business which [...] Continue Reading »
The rapid rise in the stock market since the new government was formed has taken the sheen off real estate, where investments have not only dropped but investors are trying to monetise their existing assets, creating a scare of price correction. While the stock market has risen by over 12 percent since May 26 when [...] Continue Reading »
The home buyers and developers are hoping for a market revival. While the demand for residential units has remained subdued over the last six months due to several reasons such as high interest rates, inflation, depreciating value of the rupee and overall slow economic environment, the new government at the Centre and the recent announcements [...] Continue Reading »
After the new Government took over at the Centre, the buyer sentiment has improved which will result in a 26 % growth in residential property sales in the second half of this year compared with same period last year. This data was published by real estate consultant Knight Frank India on Tuesday. According to its [...] Continue Reading »
Post a lull of nearly three years, sale of large land parcels is picking up across the country amid a general improvement in sentiment on expectations that the new government will focus on infrastructure development. Not only the developers but also the private equity (PE) players, too, are keen on joining hands with builders to [...] Continue Reading »
Jammu and Kashmir has a reason to rejoice now as Prime Minister Narendra Modi today announced a package of Rs 8,000 crore for building of roads in Jammu and Kashmir. Modi also announced a waiver of Rs 60 crore in interest owed by the state government to the Food Corporation of India (FCI). This militant affected [...] Continue Reading »
It is being said that India’s construction sector will grown at 7-8 percent each year through the next decade. Post the new government the country hopes to see an increased growth and removal in the barriers to foreign investment which will help in hurrying the demand for construction over the upcoming 12 to 18 months [...] Continue Reading »
The Ruias who are the promoters of the Essar group have sold their bungalow in the Jor Bagh area or Delhi for about Rs 100 crore to the Supreme Court lawyer Rohit Tandon. This reflects the revival in the real estate activity in the much coveted part of the capital which also follows the advent [...] Continue Reading »
In its recently-released financial report for FY 14, bigwig engineering firm Larsen & Toubro (L&T) has posted earnings figures which have surpassed estimates; and has also set healthy growth targets for FY15. The healthy growth targets which L&T has set for 2014-15 underscore an optimistic outlook projected by the company because of the hope that [...] Continue Reading »
