Real estate in India
The Ministry of Environment and Forests suggests the builders and developers to concentrate in construction of green buildings. According to a prediction, by 2050 almost 66% of the population will live in urban areas. At present the rapid industrialization and infrastructure development added with population growth and urbanization have put tremendous pressure on the environment. [...] Continue Reading »
The residential price in Surat have increased fastest compared to other major cities in India. National Housing Bank track the housing prices with residential index (Residex). It is also observed that the residex of Chennai (9.2), Pune (8.9) and Delhi (8.4) follows Surat (9.4). As Surat is the city having highest annual household income in [...] Continue Reading »
A new research in global real estate market revealed that India has seen the sharpest increase in the cost of residential property in last 10 years. The report says the increase happened by 284 percent since 2001. India is leading in increasing cost ratio leaving behind Russia and South Africa where the rise in property [...] Continue Reading »
According to the different Realtors, the union Budget 2012 came up as a disappointing budget for the middle range of home buyers. Due to the rise in service tax the cost of construction of real estate projects will increase by Rs 50 to 150 per square feet from the coming April, 2012. External commercial borrowing [...] Continue Reading »
It is found that the cost of properties in Mumbai has been increased by 87% in last 4 years. According to the economic survey report, the price of the properties is increased in a range of 43% to 166% throughout India. The report says that the cost of land in Mumbai is increased as the [...] Continue Reading »
The real estate sector exceeds the expectation from the Budget 2012. The most important announcement made by the government by allowing the external commercial borrowing (ECB) in the construction of affordable housing projects. Also the government gave a relief to the sector by reducing the withholding tax on ECB for affordable housing projects. The real [...] Continue Reading »
Fire capital, the real estate private equity firm has planned to invest Rs.400 crore in real estate projects. The main focus area for the PE firm is tier II and tier III cities in India. The firm has already invested in in different projects in Jaipur, Bangalore, Nagpur and in Indore. The Firm also aiming [...] Continue Reading »
A good announcement for the realty sector. Government has formed a committee to enhance the clearance process for the real estate developments. The finance minister informed this in a customary meeting with the industry leaders. He also informed that the initial concentration of the group is on the coming power projects, the access to coal [...] Continue Reading »
The entire real estate sector is waiting to see the pros and cons of realty budget 2012. Lot of hope and expectation is rising in this sector. It is reported that the realty sector is the second largest to generate employment and about 5 percent of the total GDP of the country is contributed by [...] Continue Reading »
Indore police stepped into the premises of a realty firm to enquire and investigate. And the Economic Officers Wing of the police department claimed that they have identified financial fraud running by the realty developer. As public complained against the builder, Police has made the raids at the office of Guru Sanee Real Estate and [...] Continue Reading »
