Real Estate Sector
Punjab government extends the deadline to pay property tax by three months CHANDIGARH: The Punjab government on Thursday declared a three-month continuation in the deadline proclaimed to pay the outstanding house tax or property tax outwardly without any penalty. In a press report, local bodies minister Brahm Mohindra stated that the government had resolved to partly exclude a class of [...] Continue Reading »
The sting operation proves the uncontrollable use of black money across India in real estate sector. The property developers across India agreed to the use of black money in property transactions and also accept it as kind of norm for real estate industry. The report says An investigation made by the portal Cobrapost reveals the [...] Continue Reading »
An ‘easy entry easy exit’ option has been recognised as a necessity to attract foreign investors into construction and real estate sector, the government has come to realise. This is in order to give a leg up to the vision of developing cities. The FDI policy for the Indian real estate sector was liberalised very [...] Continue Reading »
Property consultants Cushman & Wakefield are hopeful of further growth in the Indian real estate sector, going by governmental emphasis on smart city development and housing in general. One of the leading property consultants in the country, Cushman & Wakefield has predicted better times for the real estate sector ahead. The market has remained dull [...] Continue Reading »
In a boost to the real estate sector, the environment ministry may soon allow state governments to take a call on setting up new townships, information technology and developmental parks near tiger reserves, national parks, eco-sensitive zones and critically polluted areas. The ministry has already issued draft rules proposing delegation of its power to decide [...] Continue Reading »
The Real Estate (Regulation and Development) Bill, 2013, is likely to be taken up for consideration in the Winter Session of Parliament, said a senior government official who attended a high-level meeting on the subject on Wednesday. The meeting of the Union housing and urban poverty alleviation ministry was convened in the run-up to a [...] Continue Reading »
Anurag Jhanwar, Director, Real Estate Ratings, CRISIL, has stressed the need for enhanced transparency in the real estate sector, which can be achieved through self-regulation by developers. The good news is that we are now seeing developers coming forth and embracing this concept by opening themselves up to third-party evaluation, a positive sign indicating dedication [...] Continue Reading »
On Monday the Greater Noida authority clarified that it had not allotted land to any developer to sell apartments to members of only one particular community. The Greater Noida authority does not make decisions based on caste, creed or community and this allegation is baseless. The realtor also washed his hands of the controversy and [...] Continue Reading »
The possible introduction of real estate investment trusts (REITs) in India and its impact is perhaps one of the most talked about subjects among Indian real estate experts. It’s all the more intriguing from the perspective of retail as well as institutional investors. A REIT, in simple terms, is a group of income-producing assets backed [...] Continue Reading »
In the first six months of 2014 the private equity (PE) investments in the real estate sector jumped over two-fold to Rs 4,100 crore. It is expected that about Rs 7,900 crore will be raised in the second half. So in total it is likely to cross Rs 12,000 crore by the end of the year. The [...] Continue Reading »
