Real estate in India
Vishal Retail Ltd to enter into real estate business for which it is seeking shareholders approval and plans to change its name to ‘V2 Retail Ltd’ In March this year, Vishal Retail had announced sale of its retail business to the Sriram Group Company, Airplaza Retail Holdings and the wholesale business to private equity firm [...] Continue Reading »
Real estate prices in Chandigarh are already very high. The cost of property registration is set to go up in Chandigarh. The UT Estate office Chandigarh has begun finalizing a plan to hike collector’s rate. The hike in Land registry cost or collector’s rate a benchmark for sale and purchase of property, would boost property [...] Continue Reading »
Even big corporate entities finding it increasingly difficult to afford space in Mumbai. Cheaper property price in Mumbai suburbs driving MNCs and other corporate groups to the suburbs. The recent report by a real estate research firm shows that even big corporate entities are finding it increasingly difficult to rent or buy space in the [...] Continue Reading »
Foreign direct investment (FDI) in India down by 11 per cent year-on-year to $1.07 billion in the backdrop of financial turmoil in Europe. FDI in India declined for the third consecutive month in March to $1 billion. During the fiscal 2010-11, the inflows declined by 25 per cent to $19.43 billion, which makes it imperative [...] Continue Reading »
The Mumbai based real estate developer, Godrej Properties Ltd, signs a development agreement and plans its second residential project in Chembur Mumbai strengthening their presence in Mumbai Real Estate. Godrej Properties Ltd announced that it has finalized a development agreement with Capsulation Services Private Ltd. The company will develop a residential project in Chembur Mumbai [...] Continue Reading »
Higher interest will push up monthly installments for home loans for existing as well as new home buyers. The National Real Estate Development Council (Naredco) expects interest rates on housing finance to increase to 10.5 per cent for loans up to Rs 30 lakh and 11 per cent or more on loans above Rs 30 [...] Continue Reading »
Demand is moving towards the suburbs due to better infrastructure, larger floor area, lower rentals and parking facilities. Developers are exploring the potential in many western and northern suburbs too. The construction industry is gearing up to meet the housing needs of the evolving suburbs which have become a new haven for all sections of [...] Continue Reading »
Sahara India Real Estate Corporation sought some time to file recent documents and the Supreme Court on Monday adjourned the matter for a week. Meanwhile, the Allahabad High Court has dismissed the application filed by the Sahara Group firms to recall and restore its earlier order of April 7, 2011 vacating stay and allowed market [...] Continue Reading »
The department, which has recently begun a special drive to check prevalence of black money in the country’s real estate sector, has acquired high-worth properties worth about 2,500 crore in more than 20 cities in the last year alone. The Income Tax Department became one of the largest purchasers of real estate properties last year. [...] Continue Reading »
Don’t judge only by the actual site of the residence, or the cost of the property. Property rates are not decided on the basis of land value – it is the surrounding infrastructure that adds to the value of a location. The positive sentiment associated with festivals often motivates fence-sitting buyers to take the plunge [...] Continue Reading »
