Maharashtra to recover VAT arrears on property deals
August 23rd, 2012 - 7:35 pm ICT by IANS
Mumbai, Aug 23 (IANS) Realtors across Maharashtra have been ordered to pay by Aug 31 the value added tax (VAT) on all new flats, shops or bungalows sold between June ... Read more...
Posted in Politics |
Chavan applies balm to angry realtors
May 2nd, 2012 - 10:56 pm ICT by IANS
Mumbai, May 2 (IANS) A week after the powerful realty industry's sharp criticism of the Maharashtra government for "inaction and policy paralysis", Chief Minister Prithviraj Chavan attempted to soothe their ... Read more...
Posted in Business |
Dream of affordable homes gathers dust in Maharashtra
April 25th, 2012 - 8:28 pm ICT by IANS
Mumbai, April 25 (IANS) An ambitious plan to construct 500,000 affordable homes in Mumbai, Thane and Raigad districts of Maharashtra is gathering dust due to "inaction and policy paralysis" on ... Read more...
Posted in Business |
Realty industry welcomes rate cut, sees benefit for all (Lead)
April 17th, 2012 - 8:07 pm ICT by IANS
New Delhi, April 17 (IANS) The interest rate-sensitive realty sector Tuesday welcomed the Reserve Bank of India's (RBI) decision to cut key lending rates by 50 basis points, and felt ... Read more...
Posted in Business |
Realty industry welcomes rate cut, sees benefit for all
April 17th, 2012 - 5:23 pm ICT by IANS
New Delhi, April 17 (IANS) The interest rate sensitive realty industry Tuesday welcomed the Reserve Bank of India's (RBI) decision to cut key lending rates by 50 basis points, and ... Read more...
Posted in Business |
Realty industry has little to cheer from budget (Comment)
March 18th, 2012 - 3:37 pm ICT by IANS
The latest national budget has given India?s realty sector a short shrift, despite its stated objective to create conditions for growth, focusing on domestic-driven growth recovery. It has sadly ... Read more...
Posted in Business |
Making housing affordable: Realty industry needs budget boost (Comment)
February 26th, 2012 - 12:00 pm ICT by IANS
The previous annual budget presented by Finance Minister Pranab Mukherjee failed to come up with some substantial measures to boost the realty industry, especially the housing sector. With the realty ... Read more...
Posted in Business |
Tough year for realty, no respite seen in short-run (2011 in Retrospect)
December 29th, 2011 - 12:53 pm ICT by IANS
New Delhi, Dec 29 (IANS) The realty industry in India faced a negative sentiment in 2011, with developers, buyers and investors caught in a quagmire due to a host of ... Read more...
Posted in Business |
Highlights of developments in realty industry (To go with: Tough year for realty, no respite seen in short-run)
December 29th, 2011 - 12:53 pm ICT by IANS
Following are the highlights of the developments in realty industry in 2011:-Circle rates hiked in Delhi to curb black money flow and bring transparency.-National Investment and Manufacturing Zones to boost industrial ... Read more...
Posted in Business |
No tax hike for Maharashtra realty sector
December 22nd, 2011 - 8:31 pm ICT by IANS
Mumbai, Dec 22 (IANS) Reeling under severe inflationary pressures, Maharashtra's realty industry Thursday welcomed Chief Minister Prithviraj Chavan's assurance that the ready reckoner rates would not be revised in 2012.Ready ... Read more...
Posted in Business |
Realty industry needs regulator to promote ethical business (Comment)
December 18th, 2011 - 12:34 pm ICT by IANS
The Confederation of Real Estate Developers Associations of India (Credai) has once again brought to the centre-stage the issue of transparency by pushing it as a panacea for the negative ... Read more...
Posted in Business |
Realty industry slams repo rate hike
October 25th, 2011 - 8:14 pm ICT by IANS
Mumbai, Oct 25 (IANS) Top players from the realty sector have reacted sharply to the fresh hike in repo rates announced by the Reserve Bank of India Tuesday.The Maharashtra Chamber ... Read more...
Posted in Business |
India’s software industry sees little US impact but market nervous
August 8th, 2011 - 9:56 pm ICT by IANS
New Delhi, Aug 8 (IANS) Though the US is the largest market for India's software and outsourcing exports, the domestic industry feels the ratings downgrade of the world's largest economy ... Read more...
Posted in Business |
Constant rate hikes have further burdened realty industry (Comment)
August 3rd, 2011 - 1:13 pm ICT by IANS
It is a matter of concern that credit growth, both for home loans and on the exposure to real estate developers, has hit a speed breaker due to repeated interest rate ... Read more...
Posted in Business |
Towards transparent transactions in realty industry (Comment)
May 4th, 2011 - 1:13 pm ICT by IANS
The recent announcement by the Confederation of Real Estate Developers Association of India (Credai), the apex body of builders, to impose a code of conduct on some 10,000-odd members to bring ... Read more...
Posted in Business |
Reality check on Sensex and India’s realty industry (Comment)
October 7th, 2010 - 3:58 pm ICT by IANS
By Vinod Behl
After the trough of 8,160 points, the recent turnaround in Indian stock markets that has lifted the 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) past the ... Read more...
Posted in Business |
After dismal year, realty firms see ray of hope in 2010 (Flashback 2009)
December 26th, 2009 - 2:11 pm ICT by IANS
By Krishna Mukherjee
New Delhi, Dec 26 (IANS) After five years of robust growth till the middle of 2008, the $14 billion Indian realty industry faced a major crisis this year, not ... Read more...
Posted in Business |
Happy days are back for India’s realty industry
October 4th, 2009 - 3:35 pm ICT by IANS
By Anuradha Shukla
New Delhi, Oct 4 (IANS) India's realty industry is all set to be lit up this Diwali. The pointers: At least 12 public offerings, a slew of new projects and ... Read more...
Posted in Business |
Assocham advocates greater transparency for realty industry
August 4th, 2009 - 5:54 pm ICT by IANS
New Delhi, Aug 4 (IANS) To bring transparency in the realty sector, Associated Chambers of Commerce and Industry of India (Assocham) has suggested that it be made mandatory for real estate developers ... Read more...
Posted in Business |
Anil Ambani group to make major foray into cement, airports
July 21st, 2009 - 6:42 pm ICT by IANS
Mumbai, July 21 (IANS) Reliance Infrastructure has firmed up plans for a major foray into cement production and expansion of airports across the country, apart from bidding actively for major highways projects, ... Read more...
Posted in Business |
India’s realty industry sees homecoming of non-residents
June 14th, 2009 - 3:52 pm ICT by IANS
By Anuradha Shukla
New Delhi, June 14 (IANS) The Indian realty industry has reason to cheer. After a yearlong gloom, non-residents have started looking at the residential market in the country again, especially ... Read more...
Posted in Business |
Realty industry hopes for better days under new government
May 17th, 2009 - 7:11 pm ICT by IANS
New Delhi, May 17 (IANS) India's realtors, one of the worst-hit by the slowdown, believes the sector will get more attention under the new government given its professed thrust on infrastructure.
Anuj Puri, ... Read more...
Posted in Business |
Realty developers dangle discounts, but buyers circumspect
May 12th, 2009 - 1:39 pm ICT by IANS
By Anuradha Shukla
New Delhi, May 12 (IANS) Have realty prices in the National Capital Region (NCR) come down because of the slowdown? Developers say yes, flaunting discounts of up to 40 ... Read more...
Posted in Business |
Small towns hold big promise for India’s housing boom
May 7th, 2009 - 2:44 pm ICT by IANS
By Anuradha Shukla
New Delhi, May 7 (IANS) For two years, Ratnesh Gupta, a software engineer with IT major Birla Soft, has been trying to fulfil his dream of buying a house ... Read more...
Posted in Business |
Rich Indians eyeing second homes abroad
January 1st, 2009 - 1:27 pm ICT by IANS
New Delhi, Jan 1 (IANS) The realty industry is one of the worst-hit sectors globally following the financial meltdown, but for the well-heeled in India, this is excellent tiding. With real estate ... Read more...
Posted in Business |
Realty industry wakes up to reality: Bubble has burst (Yearender 15)
December 28th, 2008 - 1:17 pm ICT by IANS
New Delhi, Dec 28 (IANS) The five-year boom in India's realty industry came to a crashing halt in 2008, following an acute liquidity crunch, falling sales and rising interest rates.The year, though, ... Read more...
Posted in Life Style |
Citigroup ‘went wrong’ on realty: Vikram Pandit
November 26th, 2008 - 2:10 pm ICT by IANS
New York, Nov 26 (IANS) Virtually blaming the previous management for the mess within Citigroup Inc, its Indian-American chief executive Vikram Pandit said its unchecked exposure to the US realty industry led ... Read more...
Posted in World |
Freebies like Mercedes, BMW failing to push house sales
November 9th, 2008 - 2:34 pm ICT by IANS
New Delhi, Nov 9 (IANS) Even freebies like Mercedes, BMW and gold medallions are failing to lure home buyers this season, resulting in a 50 percent dip in purchases in both premium ... Read more...
Posted in South Asia |
Real estate business may stay in downward spiral
November 7th, 2008 - 12:00 pm ICT by IANS
New Delhi, Nov 7 (IANS) India's realty industry is facing its worst crisis in recent years with profits of most listed companies taking a hit after riding on the boom of the ... Read more...
Posted in Uncategorized |
Financial crisis hits India’s funds-thirsty realty sector
October 12th, 2008 - 2:56 pm ICT by IANS
New Delhi, Oct 12 (IANS) India's funds-parched realty industry, already reeling under dropping sales, high interest rates and drying up of private equity sources, has to grapple now with credit squeeze ... Read more...
Posted in Politics |
As sales fall, realtors look for new fund source
July 14th, 2008 - 1:47 pm ICT by IANS
By Anuradha Shukla
New Delhi, July 14 (IANS) A stagnant property market, tightening of lending by banks and failure to raise money through public equities are forcing real estate developers to look for ... Read more...
Posted in Business |
Talent crunch in realty industry forcing manpower import
June 25th, 2008 - 12:53 pm ICT by IANS
By Anuradha Shukla
New Delhi, June 25 (IANS) Three years ago, when Singaporean Jeff Teng was approached by a headhunter for an architect's job in India, he turned it down. But a year ... Read more...
Posted in Business |
Spirituality propels Haridwar realty boom
June 15th, 2008 - 4:26 pm ICT by IANS
By Radhika Nagrath
Haridwar, June 15 (IANS) Instant karma has emerged as the driving force behind the state's multimillion-dollar realty industry, with religious tourism turning the twin towns of Haridwar-Rishikesh into hot spots ... Read more...
Posted in Business |
‘Indian realty industry set for $30bn foreign investment’
June 13th, 2008 - 7:52 pm ICT by IANS
New Delhi, June 13 (IANS) India's booming realty industry will attract foreign direct investment worth $30 billion over the next 10 years, with an annual growth of 30 percent, says a study ... Read more...
Posted in Business |
Arcelor-Mittal proposal for foreign investment among 13 cleared
June 13th, 2008 - 7:00 pm ICT by IANS
New Delhi, June 13 (IANS) A proposal from global steel-maker Arcelor-Mittal to set up a holding company in India for various projects was among 13 proposals on foreign direct investment worth Rs.15.27 ... Read more...
Posted in Business |