Page 26 - Real Estate
West Bengal budget proposes sops for real estate, tea for job creation
2% stamp duty rebate, 10% on circle rate for another six months; no Rural Employment Cess for tea during FY23, small tea gardens spared Agricultural Income Tax
 "West Bengal budget proposes sops for real estate, tea for job creation")
D B Realty's partnership firm gets MCGM's nod to construct 4,000 tenements
D B Realty on Friday said its partnership firm DBS Realty has received a letter of acceptance from Municipal Corporation of Greater Mumbai (MCGM) to construct 4,000 tenements.
 "D B Realty's partnership firm gets MCGM's nod to construct 4,000 tenements")
Birla Estates posts Rs 1K-crore sales bookings in Mumbai project
Till date, the company sold 150 units in the first phase of the project, which was launched late last year.
 "Birla Estates posts Rs 1K-crore sales bookings in Mumbai project")
Rethinking the 100 new cities plan
It is true that in the last seven-eight years, there has been a build-up of unsold inventory of apartments in several cities
 "Rethinking the 100 new cities plan")
Nearly 70% women want to buy real estate; prefer ready homes: Survey
Nearly 70 per cent of women prefer to invest in real estate, mainly in residential properties, according to a survey of 9,000 women by unicorn startup NoBroker.
 "Nearly 70% women want to buy real estate; prefer ready homes: Survey")
All Amrapali housing projects are safe, NBCC tells Supreme Court
NBCC informed the Supreme Court that there is no problem with the structural safety of Amrapali projects and it has appointed VNIT Nagpur and NIT Jalandhar to carry out the structural audit.
 "All Amrapali housing projects are safe, NBCC tells Supreme Court")
New lease of life for commercial realty after third wave-induced blip
An important factor in this rise in demand for office spaces is the waning of the work-from-home (WFH) narrative
 "New lease of life for commercial realty after third wave-induced blip")
Jaypee Infra insolvency: NCLT to hear Suraksha resolution plan on Mar 7, 9
The National Company Law Tribunal (NCLT) will hear on March 7 and March 9 matters related to approval of the Suraksha group's bid to acquire debt-ridden realty firm Jaypee Infratech Ltd
 "Jaypee Infra insolvency: NCLT to hear Suraksha resolution plan on Mar 7, 9")
Foreign capital in realty jumped 3-fold to $23.9 bn during 2017-21: Report
Total investments in Indian real estate stood at USD 49.4 billion during the 2012-2021 period, of which 64 per cent came from foreign investors
 "Foreign capital in realty jumped 3-fold to $23.9 bn during 2017-21: Report")
House price rises to pick up pace in 2022, 2023: Property analysts
The Indian real estate sector is expected to account for 13% of India's GDP by 2025, according to NITI Aayog, the official public policy advisory to New Delhi.
Art, jewellery, cars, stocks, real estate: Where do the ultra-rich invest?
According to Knight Frank report, art emerged as the top investment avenue
 "Art, jewellery, cars, stocks, real estate: Where do the ultra-rich invest?")
Ukraine-Russia war: Should you increase exposure to gold, real estate?
Gold has been the best-performing asset class this year. Real estate prices are also rising. So, should you invest in these asset classes? Watch our next report to know what analysts are advising
 "Ukraine-Russia war: Should you increase exposure to gold, real estate?")
Shapoorji Pallonji eyes Rs 525 cr sales revenue from new project in Mumbai
The company has launched Shapoorji Pallonji SKYRAA - a luxury residential project in Thane
 "Shapoorji Pallonji eyes Rs 525 cr sales revenue from new project in Mumbai")
Govt took many steps to reduce black money in property deals: Official
As the real estate sector becomes cleaner, Housing and Urban Affairs Secretary Manoj Joshi said more and more women would come to work in this industry
Godrej Properties commits $700-900 million investment in last three years
Godrej Properties Ltd has committed investments worth USD 700-900 million in the last three years and continues to be extremely bullish on the Indian real estate sector, a senior company official said
 "Godrej Properties commits $700-900 million investment in last three years")
Good time to invest in commercial realty as firms bring employees to office
Leasing of space is likely to rise as Covid-related uncertainties reduce and hybrid work model becomes the norm
Realty firms afflicted with low returns shouldn't get listed: Jhunjhunwala
It can be noted that very few developers like Macrotech Developers formerly Lodha, and DLF are listed on the bourses
 "Realty firms afflicted with low returns shouldn't get listed: Jhunjhunwala")
Puravankara to invest Rs 1,550 cr to construct realty project in Kochi
The company's subsidiary Provident Housing Ltd will develop 3 million square feet in the project, which is spread over 18 acres, named 'Provident Winworth' at Kochi
Top headlines: RBI official wants crypto ban; Canada seeks more immigrants
Top property developers across western and northern India are getting into 'second homes' concept at leisure destinations. More on that in our morning wrap.
 "Top headlines: RBI official wants crypto ban; Canada seeks more immigrants")
Top realtors getting into 'second homes' concept at leisure destinations
Realtors look to cash in on demand for such projects at leisure destinations
 "Top realtors getting into 'second homes' concept at leisure destinations")
