Markets regulator Sebi on Friday added 16 land parcels of Sahara group with a reserve price of over Rs 650 crore to the list of properties to be auctioned next month for recovery of funds.
With an aim to make REITs more attractive to investors and real estate players, markets regulator Sebi on Friday decided to relax its norms to allow these Trusts to invest more in under-construction assets and have a larger number of sponsors.
The total area of home that comes under single roof is called covered area.
To deepen Indian capital markets, regulator Sebi's board will consider proposals, on Friday, for relaxed norms for REITs and an easier set of compliance rules for foreign fund managers keen to relocate to India.
Mumbai's BandraKurla Complex (BKC) is at the 19th position and Nariman Point at 34th, according to CBRE Research's Global Prime Office Occupancy Costs bi-annual survey.
The flat was to be handed over by April 2008 but the company failed to abide by its agreement.
DLF had in October last announced that its promoters will sell their stake in the DLF Cyber City Developers Ltd which holds the bulk of office and retail complexes.
Real estate firm Omaxe Ltd sold residential and commercial properties worth Rs 1,648 crore in last fiscal, up 11 percent from the 2014-15, despite fall in average sales realisation.
Land rate in A category highly-developed residential sectors has been enhanced from Rs 68,750 to Rs 81,400 per square meter.
If the developer has already collected service tax, then buyers will get it refunded with 6% rate of interest by the revenue department.
DLF Ltd has delayed giving possession to 50 buyers of their flats in Panchkula project in Haryana.
Reflecting substantial financial stress, diversified Jaypee Group companies have defaulted on loans and other payments worth Rs 4,460 crore.
Pulling the plug on an illicit real estate investment scheme, markets regultor Sebi has ordered Arise Bhoomi Developers and its directors to refund investors' money in three months.
The financial hub of India, Mumbai was ranked the highest at 167 while the national capital New Delhi came in at 174. Bengaluru was ranked 176 and Kolkata at 179 among 181 global cities.
Real estate prices in Gurgaon is likely to slash further with the administration contemplating to slash circle rates by 15 percent.
Housing.Com, which has raised over USD 100 million from various investors including Softbank and has restructured the business, today said it expects USD 10 million revenue in the current fiscal.
Realty major DLF is targeting new sales booking of Rs 3,000-3,500 crore in the current fiscal, similar to last year level, as housing demand continues to be low, a company's senior official said.
Retirement fund body EPFO will hire a consultant to work out a low-cost housing scheme for its over 4 crore subscribers.
Online marketplace Snapdeal has tied up with realty firm Puravankara Projects to market 200 ready-to-occupy flats in Chennai, Bengaluru, Coimbatore and Kochi, while offering assured rent for seven years to buyers.