Real Estate News - Page 18
Why India may see several 'little Singapore' smart cities in 5 years
The Indian government is working closely with Singapore to develop a virtual city or a "Little Singapore" along the corridor (DMIC). This issue was one of the top agendas of discussions External Affairs Minister Sushma Swaraj had with her Singaporean interlocutors during her official visit to that country last week.<br />
Get this: Indians top list of foreign investors in Dubai's real estate market
Indians, British and Pakistanis ranked top three foreign investors in Dubai's real estate market with a combined share of Dh20.83 billion for 9,739 transactions in the first half of the year, according to the report by the Dubai Land Department (DLD).<br />
Sebi to notify strict REITs norms: Insurance cover mandatory; can't guarantee returns
The detailed norms, to be made public soon, will also contain strict provisions for any misleading claims and will require them to a strict 10-point code of conduct for fair business practices.<br />
Clean water, 24x7 power: Modi's 'smart cities' should be about progress, not phone apps
For India to emerge-out of the rut of the third-world-syndrome this single idea, if implemented holistically, has the biggest potential to lead that turnaround.
Deciphering Modi's Rs 7060 crore Smart City vision
Prime Minister Narendra Modi's ambitious plan of developing 100 "smart cities" across the country may have been lauded by India Inc., but "mere announcement is not enough," believe analysts.
Big land deals return: Crompton Greaves sells 34-acre Mumbai land to Runwal for Rs 1,015 cr
Crompton Greaves, which had put up its land at LBS Marg in the eastern suburbs of Mumbai for sale, has reportedly sealed the deal with Mumbai-based builder Runwal Group for Rs 1,015 crore.<br />
Why you should not listen to Donald Trump: His views of Mumbai realty need a reality check
American real estate tycoon and celebrity Donald Trump may be bullish on India, but his views need to be taken with bags of salt.<br />
Supply of retail space in shopping malls falls 80% in 2014
All major retail projects lined up for completion during the first half of 2014 were either deferred to the second half of the year or to first half of 2015.
Real estate regulation can make REITS truly attractive for investors
It will also be advisable to bring in real estate regulation to make REITs truly attractive to realise their full potential. Notwithstanding the initial hiccups, both REITs and IN ITS will prove to be a boon in channelising domestic and foreign investment into the real estate and infrastructure sector.<br />
Realty broker BOP buys lands from Jaypee, DLF for Rs 450 cr
BOP India today said it has bought 4.67 acres of land from Jaypee group in Noida and another 7.5 acres from DLF in Lucknow
Understanding REITs: Not DLF or Oberoi but PE fims will be first to hit the market
Given that more clarity is required on the taxation front, Kandpal expects private equity players like Embassy and Blackstone to make the first move while listed players like DLF and Prestige will follow suit only post the 2015 Budget , reduction in interest rates, clarity on taxation and GST (goods and services tax) roll out.<br />
India's urban mess: Why setting up smart cities is going to be a tough task
Delhi's urban planning story is also the story of urban planning in India - makeshift, patchwork, and fire-fighting. Indian cities today resemble an urban mess, a consequence of the manner in which they were imagined and planned decades ago.
PE firm Xander pumps in Rs 400 crore in Supertech's Gurgaon project
The company will develop plots, villas and independent homes in the 140-acre township at an investment of about R1,100 crore.<br />
Taxing unsold flats: May not lower prices but will help fill govt's coffers
So if at the end of a financial year, one or more constructed units remain unsold, then according to a October 2012 decision rendered by the Delhi High Court, the 'annual letting value' of such housing units would be liable to be taxed as income
DLF eyes Rs 200 cr annual rent from Noida's 'Mall of India'
'DLF Mall of India' with 2 million sq ft of leasable area is being developed in Noida in the National Capital Region at an investment of Rs 1,100 crore and touted as one of the biggest in the country.<br />
DLF hit by slowing home sales, net profit declines 29%
Founded by billionaire KP Singh, DLF, which is valued by the market at $5.9 billion, has been selling non-core assets to reduce its net debt, which was $3.15 billion as of end-June.<br />
Delhi property prices being artificially propped up; Bangalore is reviving
Backed by demand from the IT/ITes sector, India's Silicon Valley- Bangalore- has taken the lead in showing signs of a revival in the real estate market. But when it comes to artificial inflation of prices, Delhi shows all that is flawed in India's real estate sector.<br />
Noida illegal housing row: SC orders Supertech to refund money or allot houses to flat owners
The Supreme Court on Wednesday asked real estate company Supertech to refund the money to flat owners of Apex and Ceyane apartment complexes in Noida which were directed to be demolished by Allahabad High Court.<br />
Gurgaon remains favourite as IT sector drives demand for office space in Delhi NCR
Office space absorption has risen over last year but was lower than in the last quarter
Rajesh Khanna's sea-facing bungalow sold for Rs 95 cr to Allcargo Logistics' exec
Veteran actor Rajesh Khanna's sea-facing bungalow, popularly known as Aashirwad, located on Carter Road in suburban Mumbai, has finally been sold to Shashi Shetty, the founder and executive chairman of Mumbai-headquartered Allcargo Logistics for Rs 95 crore.<br />
Want to get rid of corruption in real estate? Remove tax sops that encourage buying
The tax incidence applicableon real estate transactions in the form of stamp duty and capital gains tax creates incentives for taxevasion,
The big shift in Mumbai realty: When Cuffe Parade fell off the rich list
Mumbai is the 16th most expensive city globally in terms of owning a house but prime locations like Colaba, Cuffe Parade and Malabar Hills are no longer topping the residential price charts.<br />
Global realty investors to avoid Tier II, Tier III cities for now, will focus on metros: Experts
While the developers' community is upbeat about foreign investments in smaller cities, international players are reluctant to enter markets which are of high risk,
Good news! RBI eases norms to buy immovable property abroad
Encouraged by an improvement in the forex market, the Reserve Bank on June 3 had raised annual overseas investment ceiling for individuals to $125,000 from $75,000.<br />
Sale of residential properties to revive in Q4 of 2014 on Modi's growth push
Due to low consumer confidence during last year and even in the first half of 2014, residential property absorption levels reduced significantly resulting in an increase in inventory levels and correction in prices
Maha cabinet cuts red-tape in Mumbai region land purchases; but home buyers need not celebrate
Tens of thousands of hectares of land may soon be unlocked in the Mumbai Metropolitan Region, thanks to a decision taken by the state cabinet on Wednesday (16 June) to streamline the clearance of agricultural lands for developmental activities. But home buyers need not salivate. Their homes are unlikely to get any cheaper, though the rate of appreciation might taper off.
Mumbai's office space leasing to pick up only in 2015: CBRE
According to CBRE, central business district of Nariman Point, Fort and Cuffe Parade saw sluggish transactions during the second quarter of the year.<br />
Indiabulls group begins to implement restructuring exercise
Under the deal agreed between three founder-promoters, Indiabulls Housing Finance, Indiabulls Real Estate, Indiabulls Securities and Indiabulls Wholesale Services will see exit of Rattan and Mittal, giving full control to Gehlaut.<br />