Realty developers
The monsoon season generally underscores a period of slow realty activity, but that perception is apparently set to change in 2014; thanks largely to the fact that some of India’s major festivals are falling earlier than usual this year. In the wake of earlier festivals, realty developers have started announcing attractive discounts and offers to [...] Continue Reading »
In an evident attempt to push property sales during the forthcoming festive season this year, realty developers are offering real festive discounts after a gap of nearly two years. According to analysts’ projections, the period between October and December 2014 will likely garner sales of at least 60,000 units across seven major cities of India. [...] Continue Reading »
The cement companies and realty developers in the Telangana-Andhra Pradesh region are at loggerheads over the sudden spiralling of prices of the building material in the last few weeks. The bitter truth which is about this is that both cement and realty prices had hit near rock bottom before Andhra Pradesh was bifurcated on June [...] 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 »
New Delhi: Realty developers are likely to seek finance ministry’s help against the proposed property tax to be imposed on property sales. The realtors are worried that the additional tax would curb the growth of the real estate sector which is already facing slowdown. By inserting Section 43CA in the Income Tax Act, the government [...] Continue Reading »
Bangalore- The Indian Property Show which will be held at an exhibition in Doha this month will have the presence of more than 50 realty players who will showcase their properties. These properties will also include luxury housing and commercial spaces. Indian Property Show consists of realty developers, banks, real estate agents and the exhibition organizers [...] Continue Reading »
CREDAI, the realty developers apex body was quite unhappy and resented against the Union Government’s decision of proposing the mandatory reservation of 35% of dwelling units built for the economically weaker sections (EWS). The CREDAI memorandum addressed to Union Minister for Housing and Poverty Alleviation, Mr Ajay Maken that such a drive without any incentives to the developer community will only burden [...] Continue Reading »
CNBC AWAAZ has announced to hold ‘Real Estate Awards 2012’ to recognize the effort and worth of visionaries and professionals from the real estate industry. The theme for this year’s awards is “Modern Marvel” and it is slated to be held in November. The organisers have called for entrees within September 21. The awards will [...] Continue Reading »
In spite of developers struggling with their debts in Mumbai, rentals have been soaring. Increase in rents across the city over the past few years has contributed to a record rise. Rentals in Mumbai are now at par with the highest rental rates in the world. In Andheri (East), the rent for a 3BHK apartment [...] Continue Reading »
The Bombay Chartered Accountants Society (BCAS) has urged the state government to levy a uniform one per cent tax on buyers who purchased flats between 2006 and 2010, and those after 2010. The sales tax department and developers are yet to arrive at a mutual agreement over the quantum of Value-Added Tax (VAT) leviable, the [...] Continue Reading »
