Real Estate News

Gaurs group sells over 10K housing units for nearly Rs 4000 crore

Gaurs group sells over 10K housing units for nearly Rs 4000 crore

The company sold a little over 10,000 housing and commercial units during the 2018-19 fiscal year, its MD Manoj Gaur said.

May 30, 2019, 12:16 PM IST
FinMin may look at 10-year tax holiday on rental profits earned by builders

FinMin may look at 10-year tax holiday on rental profits earned by builders

In a recent meeting with senior finance ministry officials, the real estate developers have been asked to suggest steps to address challenges faced by the sector.

May 30, 2019, 10:47 AM IST
Adani submits non-binding bid for Jaypee Infra; offers Rs 1,700 cr to complete housing projects

Adani submits non-binding bid for Jaypee Infra; offers Rs 1,700 cr to complete housing projects

Adani has promised to infuse another Rs 1,000 crore in two equal tranches of Rs 500 crore each to settle claims of workmen as well as secured and unsecured financial creditors, besides meeting cost

May 29, 2019, 16:59 PM IST
PE inflow in Indian retail real estate doubles to $1.2 bn in 2017, 2018: Anarock

PE inflow in Indian retail real estate doubles to $1.2 bn in 2017, 2018: Anarock

The consultant attributed the sharp rise in private equity (PE) inflow to further liberalisation in FDI policies such as 51 percent FDI in multi-brand retail and 100 percent FDI in single-brand

May 19, 2019, 17:51 PM IST
Piramal Realty FY'19 sales booking jumps nearly 4-fold to Rs 3,400 cr

Piramal Realty FY'19 sales booking jumps nearly 4-fold to Rs 3,400 cr

The company's sales booking stood at about Rs 900 crore in 2017-18.

May 18, 2019, 18:16 PM IST
NCLAT annuls creditors' voting on NBCC's bid for Jaypee Infratech

NCLAT annuls creditors' voting on NBCC's bid for Jaypee Infratech

Hearing a plea by IDBI Bank, seeking a stay or annulment of the voting process, a three-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya also allowed nine homebuyers' associations

May 18, 2019, 17:47 PM IST
Home buyers to pay 12% GST on balance due if completion certificate issued by March 31

Home buyers to pay 12% GST on balance due if completion certificate issued by March 31

Builders who have received completion certificate for an ongoing project before April 1, 2019, will have to charge 12 percent GST from buyers on the balance amount due towards purchase of the flat.

May 15, 2019, 18:25 PM IST
Jaypee Infratech creditors decide to put on vote NBCC's revised bid

Jaypee Infratech creditors decide to put on vote NBCC's revised bid

A Committee of Creditors (CoC) met on Tuesday and took this decision even as NBCC Monday decided against diluting certain conditions, including exemption from tax liability, in its revised offer.

May 14, 2019, 15:04 PM IST
GST Council extends deadline for realty firms to opt for old GST rate till May 20

GST Council extends deadline for realty firms to opt for old GST rate till May 20

The GST Council, headed by Finance Minister Arun Jaitley and comprising state counterparts, had in March allowed real estate players to shift to 5 percent GST rate for residential units and 1 percent

May 10, 2019, 12:17 PM IST
Jaypee insolvency: NCLT to hear on May 21 IDBI's plea on deadline extension

Jaypee insolvency: NCLT to hear on May 21 IDBI's plea on deadline extension

IDBI had approached the National Company Law Tribunal (NCLT) seeking extension of the corporate insolvency resolution process (CIRP) beyond the May 6 deadline as the proceedings are still underway to

May 07, 2019, 09:30 AM IST
Jaypee Infra insolvency: Homebuyers want NBCC bid to be reconsidered; say no faith in private cos

Jaypee Infra insolvency: Homebuyers want NBCC bid to be reconsidered; say no faith in private cos

Aggrieved buyers, who have booked flats in Jaypee Infratech projects, also complained that voting process is not being carried out in a fair manner.

May 03, 2019, 09:51 AM IST
Charged with govt nod, NBCC asks Jaypee Infratech RP to reconsider offer

Charged with govt nod, NBCC asks Jaypee Infratech RP to reconsider offer

The Committee of Creditors on April 26 had rejected the NBCC bid, terming it conditional and without the necessary approval from the government. The lenders had approved voting on a rival bid from

May 02, 2019, 09:52 AM IST
Housing sales down 5% in Jan-Mar 2019 on changes in GST rates, rules: PropTiger

Housing sales down 5% in Jan-Mar 2019 on changes in GST rates, rules: PropTiger

Gurugram witnessed 10 percent rise in sales at 5,764 units from 5,220 units in the corresponding period of the previous year. Sales in Kolkata were up by 8 percent at 3,623 units.

Apr 29, 2019, 16:54 PM IST
Realtors have time till May 10 to opt for old GST rates

Realtors have time till May 10 to opt for old GST rates

The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification giving real estate companies a one-time option to choose either of the tax rates.

Apr 03, 2019, 10:27 AM IST
ICICI Bank launches digital home loan products up to Rs 1 cr for instant disbursal

ICICI Bank launches digital home loan products up to Rs 1 cr for instant disbursal

The instantaneous home loan facilitiy enables customers to get final sanction letter for new home loans as well as for a top up loan in a fully-digital way, the bank said in a release.

Mar 29, 2019, 12:06 PM IST
Realty market to grow in 2019; to add 200 mn sq ft space this yr: CBRE

Realty market to grow in 2019; to add 200 mn sq ft space this yr: CBRE

CBRE said 200 million sq ft of space will be added in 2019 across all segments including housing, office, retail and logistics.

Mar 27, 2019, 16:11 PM IST
MS Dhoni approaches SC against Amrapali Group over dues worth Rs 40 crore

MS Dhoni approaches SC against Amrapali Group over dues worth Rs 40 crore

In April 2016, Dhoni resigned as the brand ambassador of the group, following huge backlash on social media by angry owners and residents of Amprapali housing project.

Mar 27, 2019, 10:21 AM IST
Key decisions on real estate sector taken by GST Council in the 34th meeting

Key decisions on real estate sector taken by GST Council in the 34th meeting

The promoters shall be given a one -time option to continue to pay tax at the old rates on ongoing projects.

Mar 20, 2019, 13:25 PM IST
GST Council approves transition plan for new tax rates for real estate sector

GST Council approves transition plan for new tax rates for real estate sector

Reasonable time for transition will be given to developers in consultation with states.

Mar 19, 2019, 14:55 PM IST
Supreme Court orders arrest of Amrapali Group CMD Anil Sharma, 2 directors

Supreme Court orders arrest of Amrapali Group CMD Anil Sharma, 2 directors

The apex court also directed attachment of personal properties of Amrapali CMD, including his bungalow in South Delhi.

Feb 28, 2019, 15:35 PM IST