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India real estate

Godrej Properties fined Rs 30 lakh for flouting MahaRERA rules

Godrej properties has been fined Rs 30 lakh for publishing advertisement related to project work without prior registration of the project with RERA.

Sep 10, 2019, 10:57 AM IST

At Rs 56,200 per sq ft, Mumbai's Tardeo most expensive luxury residential location in India: Report

In NCR, Karol Bagh comes in 6th and Golf Couse Road ranks 9th on the list of most expensive luxury residential destinations, with an average price of Rs 13,500 per sq ft and Rs 12,500 per sq ft respectively.

Sep 09, 2019, 17:14 PM IST

All PMAY houses to be sanctioned by March 2020

Of the initial target of 1 crore houses in urban India, 84 lakh had been sanctioned, he said on the sidelines of the event.

Aug 21, 2019, 11:59 AM IST

Gardenia Gateway builder mortgages sold out flats, Bank serves notice to flat buyers

Senior Superintendent of Police (SSP) has asked Superintendent of Police (SP) crime branch to conduct an enquiry in the matter.

Aug 14, 2019, 17:37 PM IST

FM meets realty stakeholders, discuss liquidity, stalled projects

Niranjan Hiranandani, the President of National Real Estate Development Council (NAREDCO), said that the issue of ways to use stress funds for financing stalled projects was discussed.

Aug 12, 2019, 15:19 PM IST

SC asks Centre to examine ways to protect homebuyers

A bench of Justices A.M. Khanwilkar and Dinesh Maheshwari made the recommendation while hearing a plea filed by Chitra Sharma, an aggrieved homebuyer of Jaypee Infratech Ltd (JIL).

Jul 09, 2019, 17:50 PM IST

RBI to regulate housing finance firms, review assets

The housing finance companies, which are part of the broader shadow banking sector known as non-banking finance companies (NBFCs), are currently regulated by the National Housing Board, and the central bank has no direct authority over them.

Jul 03, 2019, 17:52 PM IST

Union Budget 2019: Sitharaman may announce big income tax relief on home insurance

Nirmala Sitharaman, who is the first full-time woman finance minister, will be presenting the budget for 2019-20 on July 5.

Jul 01, 2019, 10:12 AM IST

PE investment in real estate up 26% at Rs 28,000 cr during Jan-Jun 2019: Report

PE inflows from foreign investors increased 28 per cent during the first six months of the 2019 calendar year.

Jun 26, 2019, 16:48 PM IST

Govt to launch integrated RERA website, all state RERA to come under single platform

The move is aimed to give single page-single click information to home buyers across the country which will help them get know all the current updates regarding housing sector.

Jun 25, 2019, 16:57 PM IST

Realty companies post robust sales despite sectoral slowdown in FY19

Top 10 listed entities sold nearly 32.19 million sqft, registering a robust 44 percent growth over the previous year.

Jun 20, 2019, 10:35 AM IST

Lenders vote against NBCC's bid to acquire Jaypee Infratech

The development comes hours after the National Company Law Appellate Tribunal (NCLAT) clarified that it has not barred lenders from voting against NBCC's resolution plan.

Jun 11, 2019, 10:24 AM IST

Rate cut to boost housing demand if banks pass on benefit to customers: Realtors

The RBI lowered the benchmark lending rate by 25 basis points to a nearly nine-year low of 5.75 per cent.

Jun 07, 2019, 11:09 AM IST

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

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

RBI constitutes committee on development of housing finance securitisation market

The mortgage securitisation market in India is primarily dominated by direct assignments among a limited set of market participants on account of various structural factors impacting both the demand and the supply side, as well as certain prudential, legal, tax and accounting issues.

May 30, 2019, 10:43 AM IST

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 for insolvency proceedings.

May 29, 2019, 16:59 PM IST

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 retail under the automatic route.

May 19, 2019, 17:51 PM IST

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

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