Real Estate Industry
The Confederation of Real Estate Developers’ Association of India (Credai), Pune Metro, has opposed state government’s order asking them to pay value added tax (VAT) on flats that were sold between June 2006 and March 2010. The number of flats that were sold during the period in Pune is estimated to be over 1.5 lakh. [...] Continue Reading »
Fitch Ratings has upgraded Ansal Housing and Construction Ltd’s long-term rating and declared it stable. The rating comes as a good sign to the real estate industry as Ansal has been one of the major and reliable players with over two-decade experience in the domestic real estate business. The rating reflects regular servicing of term [...] Continue Reading »
The Confederation of Real Estate Developers Associations of India (CREDAI), the apex body of real estate developers from across the country, expressed that the government’s policy paralysis has severely impacted the real estate sector which is facing stagnation in growth. CREDAI National President, Lalit Kumar Jain said that the economy is in a bad shape [...] Continue Reading »
Assocham study reveals that the real estate industry is attracting substantial investments in seven of the 20 top well-performing states even as the property market is facing slowdown. Almost 50 percent of Haryana’s investment is being done in realty sector since December 2011. The services sector accounted for about 34 per cent of its total [...] Continue Reading »
Real Estate in India needs better and capable human resources. Today, many students are choosing real estate as course of interest and to see if the industry is challenging. The recent industry report filed by leading real estate intelligence firm, Jones Lang Lasalle has debated whether career in real estate at present is apt or [...] Continue Reading »
In the global retail development index India is standing at fourth place, as it has a huge opportunity for retail growth. As the retail industry in India is expanding, the consumption of commercial real estate spaces will increase in near future. Though there is huge potential for the retail market to consume the commercial projects, [...] Continue Reading »
The real estate industry is very much sensitive to the home loan interest rate. With the RBI decision to cut key lending rates by 50 basis points, builders and home loan customers will be benefited. The reduced cost of borrowing is expected to be passed on partially by banks to borrowers in the form of [...] Continue Reading »
According to industry estimates, at least one third of residential projects in India is facing execution delays. And builders are unlikely to hand over the keys in a hurry to the house that buyers may have already paid for. To counter the situation the real estate industry has come up with a code of conduct [...] Continue Reading »
With the increase in input cost for the real estate industry, a rise in the property cost is expected in the real estate market in the country. With the hike in service tax, the cost of cement, steel and the labour wages have increased sharply in India. As a result of the rise, the scope [...] Continue Reading »
Sales of properties in Chennai, Bangalore and Gurgaon are being sold in a rapid pace similar to that of hot cakes! This one one sentences explains the whole real estate scenario happening in around cities in India. All of us know for a fact that year 2011 for real estate industry was nothing but a [...] Continue Reading »
