Page 66 - Real Estate

R.I.P. interest subvention scheme

The tripartite agreement between the housing finance company (HFC), the developer and the buyer is loaded against the buyer

Realty check: Current rates, unit sizes in Rs 1-1.5 crore price range

If you are looking at buying real estate, an idea about prevailing rates would come in handy

Realty check: Current rates, unit sizes in Rs 30-50 lakh price range

If you are looking at buying real estate, an idea about prevailing rates would come in handy

Understand legal nitty-gritty of investing in Indian realty for NRIs

NRIs must ensure that the project they invest in is registered with the state RERA authority and complies with its regulations

Rs 1.56-trillion flats launched in 2011 and before still incomplete: JLL

According to JLL data, the real estate companies of Delhi-NCR are biggest defaulters as their contribution in delayed housing units accounts for 71 per cent in volume and 56 per cent in value terms

CRISIL SME Tracker: Small EPC contractors stuck in the realty rut

Over the past three years, the real estate industry has been affected by regulatory changes such as the Goods and Services Tax, Real Estate Regulatory Act, and the thrust on affordable housing

Realty developers hopeful about festive season after slew of govt reforms

According to major real estate players, there has been a sharp increase in enquiries over the past few weeks

Housing sales drop 18% due to shraddh period, ban on subvention: Report

In the last quarter, home sales had fallen 13 per cent on a yearly basis

Infra, realty trusts can set up biz in SEZs. Will this increase exports?

The Centre amended the Special Economic Zones Act (SEZs Act) in August 2019 to broaden the definition of "person" who can set up their units in these zones

UP may announce package for stressed housing projects as unsold stock soars

Projects in the state have a combined inventory of 100,000 units valued at Rs 1.50 trn, mostly in Noida and Greater Noida

Real estate woes impacting core sectors; working with RBI for solution: FM

Finance minister Nirmala Sitharaman on Tuesday said the government and Reserve Bank are working to resolve the issues being faced by realty sector. Admitting that realty sector has been left out of the booster measures announced earlier, she said the sector has a spillover effect on many sectors, especially the core sector. "The government is very keen and is working very clearly together with the RBI to see how best we can, where necessary, tweak the existing norms to help the people who are affected in the realty sector," she said at an NSE event. It can be noted that after the July budget roiled the market and business sentiment, the government has rolled back many of the tax measures and also went to the extent of drastically cutting corporate tax to 22 percent--making the biggest tax giveaways to the tune of Rs 1.3 lakh crore. Admitting that the so far announced measures have not helped revive the sentiment in the real estate, she said since August the government

We will not miss the bus again, next wave of reforms soon: FM Sitharaman

It can be noted that many analysts have been calling for urgent reforms in the factor markets, especially regarding land and labour, to get the economy out of the trough

Relief for realty: Govt sets up Rs 25k-cr fund to revive stalled projects

In other decisions, Cabinet has approved pacts signed with German agency DGUV; pact with Guinea on renewable energy; and signing revised DTAC with Brazil

Banks unanimous in seeking one-time loan restructuring for realtors

State Bank chairman Rajnish Kumar said if there is scope for restructuring, then one should do it

Bengal developers fear missing real estate sops with state bypassing RERA

Bengal govt enacted own version of RERA, the West Bengal Housing Industry Regulation Act in 2017, the only state to do so, and Housing Industry Regulatory Authority came into effect on June 1, 2018

4 realtors from three cities have requested to avail of bailout fund: FM

More companies are likely to approach the nodal agency for taking benefit of this window from next week, she said

RBI mulls one-time rollover loan recast of select real estate firms

Real estate industry associations - CREDAI and NAREDCO have been seeking this one-time rollover

Stressed real estate firms want bank loans to pay tax dues on deep discount

For the first time perhaps, industry has sought government intervention in getting bank loans to pay excise and service tax dues under the Legacy Dispute Resolution Scheme (LDRS) such as Sabka Vishwas

As builders focus on building cheaper apartments, home sales jump in Mumbai

Sales in Mumbai rose 22% in 2019 even though a persistent credit crunch and economic slowdown curtailed recovery in India's housing sales across top seven cities

Housing demand fell 22% in H2 2019 amid slowdown in real estate market

Overall sales during 2019, however, inched up while new launches grew 21 per cent year-on-year