Mumbai: Residential property prices in Mumbai declined 9.1 per cent last fiscal, recording the first price fall since the 2008 global financial crisis, said a survey by consultancy firm Knight Frank. According to the survey titled 'Knight Frank Prime Global Cities Index Q1 of 2012', property prices of global prime cities reported a 1.4 per cent growth during the period, compared to April 2010-March 2011. On year-on-year basis, the prices...
10:55 PM, May 14, 2012
BANGALORE: The real estate sector in Bangalore has grown to a large extent in the past one year. In the year ahead, the citys realty is expected to grow by 25 per cent, estimates the Karnataka Chapter of the Consortium of Real Estate Developers Associations of India (CREDAI).We are expecting the realty to grow by 25 per cent in the coming year. Last year too we have witnessed a similar...
09:09 AM, Mar 28, 2012
New Delhi: Real estate developers on Thursday expressed disappointment over the RBI's decision to keep key policy rates unchanged and sought a cut in interest rate to boost housing demand. "We are very disappointed at this gesture by the RBI. The economic condition is getting worse day by day. The Government and the RBI should understand the need of the hour and reduce cost of funds," Confederation of Real Estate...
12:29 PM, Mar 15, 2012
In his Budget wishlist, Raheja Developers MD Navin Raheja wishes for certain tax benefits that would make housing cheaper. ...
10:27 AM, Mar 15, 2012
Developers in the realty sector, which is facing severe credit crunch due to higher interest rates, expect the government to relax norms for repatriation of FDI and external commercial borrowings (ECBs) in the forthcoming Budget for 2012-13. The industry expects the Budget, to be announced on March 16, to relax norms for FDI and ECBs, especially for township projects that will give developers source funds at a much reasonable cost....
02:47 PM, Mar 05, 2012
J C Sharma, MD, Sobha Developers believes that the forthcoming Budget will decide how the demand situation will pan out going forward. However, Sharma feels that the worst is behind for the real estate sector with the Reserve Bank of India giving clear indications that interest rates have reached the peak of the tightening cycle. An optimistic Sharma said that 2012 will be a year of growth where realty companies...
06:17 PM, Mar 02, 2012
By Brotin Banerjee While the government is trying to provide the requisite stability to the economy, it now needs to focus on strengthening the real estate sector. This is important in view of the fact that construction sector is the second largest employer next only to agriculture, and growth in the sector has a direct impact on ancillary industries such as steel and cement, creating a ripple effect in the...
04:42 PM, Feb 23, 2012
This is the government's great Indian infrastructure dream. But the ground reality is a rude awakening. With a slowing economy, high interest rates and more importantly delayed decision making, infra projects and infra companies face an uncertain future. As Pranab Mukherjee gets ready to present Budget 2012 the message is clear - jump start the investment cycle, focus on accelerating infrastructure spending and break the policy logjam. But does the...
05:01 PM, Feb 21, 2012
New Delhi: Cement makers on Monday requested the government to bring to an end the existing anomaly, where duty on import of inputs is higher than on finished product, in the forthcoming Budget. "The Government should scrap import duty on coal, pet coke, gypsum and other fuels. The cement industry is heavily dependent on imported coal and pet coke due to short supply of indigenous coal," JK Lakshmi Cement Managing...
05:37 PM, Feb 20, 2012
BANGALORE: Soaring real estate prices in Bangalore may be burning holes in the pockets of prospective buyers, but it seems to be bringing families together. Couples who had chosen to live in nuclear families after marriage, are now coming back to their parents, all thanks to skyrocketing realty prices. According to realty intelligence firms, prospective investors now prefer to cut the expenses by living under the same roof with their...
09:18 AM, Feb 18, 2012
CHENNAI: The stability in Information Technology (IT) and Information Technology Enabled Services (ITES) and the dip in inflation are expected to spur the demand for residential properties in Chennai, according to a real estate research firm. Siva Krishnan, Head of residential services (Chennai), Jones Lang LaSalle India, told City Express on Friday that Chennais residential real estate market this year looked quite rosy. The increased job security in the sector...
07:58 AM, Feb 18, 2012
New Delhi: In a bid to boost housing sector credit, the government is contemplating enhancing income tax exemption for up to Rs 3 lakh paid as interest on housing loans in a year, from the existing limit of Rs 1.5 lakh. The government is considering raising the tax deduction limit for a housing loan in the coming Budget, sources said. The Budget is scheduled to be tabled on March 16....
08:01 AM, Feb 13, 2012
Goa: As Goa goes to the polls early next month, the issue of corruption and land are foremost. An income tax investigation has exposed how politicians are conspiring with real estate and land sharks to sell Goa for a song. Indicted in the income tax order, which has been accessed by CNN-IBN, is minister Babush Monserrate who is being fielded by the Congress in the upcoming polls. Monserate got kickbacks...
06:24 AM, Feb 11, 2012
Sanjay Dutt Profile: CEO " Business, Jones Lang LaSalle, India Education: Did his bachelors degree in commerce from University of Delhi and Program in Business Management from International Management Institute (IMI), New Delhi Career: Has 22 years of experience as entrepreneur and services-sector professional in the logistics and real estate industries. He has spent 13 years as a real estate professional in Mumbai The Indian real estate sector is full...
12:45 PM, Jan 17, 2012
Hyderabad: Real estate in Hyderabad is not an attractive investment proposition for Non-Resident Indians (NRIs) and High Networth Individuals (HNIs), thanks to the prevailing uncertainty over a separate Telangana state. Nevertheless, the property market seems to be on a rebound as demand from genuine buyers is on the rise. "The greed of NRIs and HNIs to buy property has slowed down or come to a standstill. Now, the only buyers...
01:09 PM, Sep 29, 2011
displayed with permission. Use of the CNN name and/or logo on or as part of CNN-IBN does not derogate from the intellectual property rights of Cable News Network in respect of them.
Disclaimer: Network18 Media & Investments Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
