Even as Kejriwal made his 'startling disclosures' on Reliance controlling the Government, came news from China that Premier Wen Jiabao has accumulated billions from various ...
05:06 PM, Nov 01, 2012
Mumbai: Rejecting Arvind Kejriwal's allegations that DLF favoured Congress president Sonia Gandhi's son-in-law Robert Vadra, the realty major has said that the social activist-turned politician was making these charges "out of hat" to gain publicity. Kejriwal has alleged that DLF gave interest free unsecured loan of Rs 65 crore to Robert Vadra's companies and also sold properties to him at throw-away price. He has charged that the Haryana government favoured...
05:32 PM, Oct 11, 2012
Chennai: Invest or hedge? That is the dilemma confronting Ramesh who wants to have a small, comfortable nest in the city. Just when he thought he would buy one some months ago, property prices went north as the input cost went up. I was planning to buy a house in the city. But now I am having second thoughts as I really cant afford one. I will perhaps wait and...
12:21 PM, Sep 17, 2012
New Delhi: In a major setback to the Sahara Group, the Supreme Court has directed Sahara to deposit over Rs 24,000 crore that it had collected through OFCD (optionally fully convertible debentures) with PSU banks. The court has granted Sahara India Real Estate Corporation and Sahara Housing Investment Corporation three months to deposit the amount. Sahara has been asked to give a list of all the investors to SEBI in...
11:05 AM, Aug 31, 2012
Pranay Vakil Age: 65 Profile: Chairman at Knight Frank Private Limited in Mumbai, India. He co-founded this joint venture company in 1995 with Knight Frank, UK. Career: Has provided consultancy services to corporations on mergers and takeovers in the real estate market for 18 years. Co-Chairman of the Federation of Indian Chambers of Commerce and Industry and Member of the Urban Development Committee of Confederation of Indian Industry Education: BCom,...
01:21 PM, Jul 26, 2012
Thiruvananthapuram: The real estate sector in Thiruvananthapuram is still concentrating on the heart of the city as people prefer the busy places rather than the periphery. Now, the trend of investment has changed to real buyers who want to stay in an apartment. The builders are also redesigning apartments by reducing the floor ratio to provide them at an affordable price to the middle-income group. According to Artech CEO T...
04:18 PM, Jul 09, 2012
Gurgaon: Sarika Kapoor lives in a spacious home in one of the wealthiest cities in India. But something as simple as having a shower is fraught with problems. Most days there is just a trickle of water from the taps and sometimes even that dries up before noon. The 56-year-old has often had to scurry to a neighbour across a potholed road to borrow a bucket of water and haul...
08:42 AM, Jul 06, 2012
If stamp duty documents are to be believed, Bollywood superstar Salman Khan's new address is the costliest in the country. According to papers recently made public yesterday, the actor has coughed up Rs 1.85 lakh per square foot for the apartment in a building named 'The Address', located on Bullock Cart Road, Bandstand, at a stones' throw away from Mannat, the mansion owned by arch-rival Shah Rukh Khan. This is...
12:15 PM, Jun 08, 2012
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
