Realty News
As per the real estate industry body CREDAI, at the recently concluded seventh edition of property exhibition Fairpro 2014, held at Chennai during February 21-23, majority of home buyers opted for mid-range apartments priced between Rs 30 lakh and Rs 60 lakh. Besides, a record sale of over 300 units and revenue of Rs 200 [...] Continue Reading »
Hayat Invest, the Kuwait-based investment company has announced its plans to foray into the domestic real estate business with its first residential project to come up near Chennai, under its joint venture Indian partner XS Real Group. S G Prabhakaran, Chairman of the XS Real Group said to the reporters, “Hayat Investment company would invest [...] Continue Reading »
Row over toll plazas on Delhi-Gurgaon Expressway seemed to be over, the next day South Delhi Municipal Corporation asserted in the Delhi High Court that four proposed toll lanes, out of 16, would be grossly inadequate to levy tax on commercial vehicles entering the national capital. The court had recorded a consent order in terms of a tripartite settlement yesterday, among [...] Continue Reading »
With the passing of the Telangana Bill, the political scenario is likely to stabilize and real estate players expect a rise in land and property sales in the next six months. The AP Real Estate Developers’ Association foresees an increase in property and land sales in Greater Hyderabad limits soon after the general election. With [...] Continue Reading »
The joint venture real estate company of Dubai’s Emaar Properties and India’s own MGF Group is seriously considering the idea of what it calls an “iconic” building in India. The venture has since its launch in the country in 2005, remained focused on high-end residential and commercial properties (in the ratio of 9:1). The development activities of [...] Continue Reading »
In one of the first real estate sentiment indices, Industry body FICCI and residential and commercial property consultancy, Knight Frank India have concluded an overall negative sentiment for realty across all zones including the National Capital Region (NCR) and Mumbai Metropolitan Region (MMR). The index further cited that the mood have got worse than what it was in the last [...] Continue Reading »
To go by the words of Confederation of Real Estate Developers Association of India (Credai), Hyderabad would continue to attract good interest in real estate activity and is very much capable of withstanding and thwarting any competition from Tier II locations in the event of state’s bifurcation. The general secretary of Credai, Mr. Ram Reddy, in his interaction with the [...] Continue Reading »
Makers of Victoria’s Secret lingerie, Limited Brands, is going to establish its first-ever global in-house centre (GIC) in Bangalore. The US firm has other brands – Pink, Bath & Body Works, Henri Bendel and La Senza. The centre will provide data analytics, which will help the organisation to analyze vast quantities of customer and retail [...] Continue Reading »
Residex, an index released every quarter by the National Housing Bank (NHB) with technical support from RBI, indicates that real estate prices have shown an increase in 16 out of 26 cities. The index is the most authoritative residential housing price index. The indication is that the prices may be finally bottoming out. Delhi and [...] Continue Reading »
The real estate developers have sought tax breaks from the Government for home buyers and builders to boost up boost sales as well as speed up new launches. They are voicing their opinions on seeking both industry and infrastructure status for themselves and an enhancement in the tax break given to home buyers on the [...] Continue Reading »
