Realty News
Real estate is not recognized as an industry, though it is second highest in generating employment through the country. It is also reported hat 5% of the GDP of the country is coming out from this sector. Though it is true that this sector promotes different other industries, real estate is still not considered as [...] Continue Reading »
The market scenario of the real estate industry enforced the Mumbai Metropolitan Region Development Authority (MMRDA), to rethink on the plan to sell the vacant plots at Bandra Kurla comples area. MMRDA planned to auction the land previously, however the senior officials thinks due to the uncertainty of the real estate market they will not [...] Continue Reading »
The real estate industry demands tax rebates, excise duty reduction, stamp duty waivers and expansion of the interest subsidy on loans in the coming Budget 2012. According to the real estate builders affordable housing projects will enhance the fund flow for the real estate market. The sector also wants availability of funds at lower interest [...] Continue Reading »
The higher officials of Greater Cochin Development Authority (GCDA) decided not to take up any real estate development project as of now. Ideally the present focus of GCDA is to prepare a land bank by owning more stock of lands. As the government ruled out new policy of public private partnership, GCDA is looking for [...] Continue Reading »
The 2012-2013 budget for the real estate might pave way for increase in house rentals. The tenants who are paying monthly rental of more than Rs 1 lakh will come under the service net. This budget plan is all well and good according to the real estate players as they believe that a person who [...] Continue Reading »
Amrapali is going to launch two new projects in Noida. It is reported that Rs 225 Crore investment will be made by ICICI Prudential AMC and IL&FS Investment Managers (IIM) for this upcoming project in Noida. Rs. 150 Crores investment will be done by ICICI Prudential AMC’s domestic fund for the Silicon City Project in [...] Continue Reading »
The Confederation of Real Estate Developers Associations of India (CREDAI) has implemented a code of conduct for its employees. The CREDAI set up the guideline in their recent meet. The main aim behind implementing the code of conduct is to reduce the customer complaints and also to resolve the issues quickly and in more convenient [...] Continue Reading »
The Indian real estate industry recently was known for its black money transactions! Now, the real estate experts and the government agencies fear for the flow of terror funds in the industry. A review assessment revealed that the track of highest component of undisclosed money was from the real estate income tax department. Other than [...] Continue Reading »
AXA Real Estate is one of the leading Real Estate in the global market having an asset of EUR 42bn. AXA Real Estate recently closed a total deal amounting 6.2bn EUR in 2011 wherein a recent study has proved the same. According to a senior official of AXA during the year 2011 employees worked harder [...] Continue Reading »
Real Estate Industry survives on the reliability and credibility of the builders. The reliability in terms of good quality, construction work, clarity in deals and credibility in terms of good past exposure is all what is necessary for the sooth run of the real estate market. When consumers think of brand builders they are always [...] Continue Reading »
