Page 74 - Real Estate

'Sur-real' estate buyer behaviour

Real estate websites might have decimated the classified ads of newspapers, but they are yet to fully capitalise on the capabilities of data analytics

UP real estate watchdog rejects 36 projects for not complying with norms

13 realty projects have been rejected by UP RERA in Lucknow and 9 projects in Gautam Buddha Nagar

Onus on builder to do entire documentation

The law does not permit a builder to handover possession under any situation, not even for 'fitout' unless the building completion certificate is obtained

Developers find relief in commercial properties as residential realty lags

Exposure to commercial development has increased to over 40 per cent and in some cases close to 50 per cent, say experts

GIC sells DLF's 70 million shares in block deal for Rs 1,344 crore

The shares have been bought by existing investors who had pumped in Qualified Institutional Placement (QIP) programme at Rs 192

Residential real estate sector outlook remains negative, says Icra

factors responsible for negative outlook are demand-supply mismatches in many markets and product segments, leveraged balance sheets and continuing funding challenges for developers

Realtors can opt for old GST rates with input tax credit till May 10

In case, realtors do not exercise the option, they will be covered under the new tax rates with effect from April 1, 2019, and will not be entitled to avail tax credit on inputs

Realtor promising you sky-high returns under buyback scheme? Steer clear

Such schemes where the developer promises fantastic rates of returns are a sign of his financial desperation

NRIs are buying luxury and affordable homes for rental income: Experts

Also, of late, NRIs with higher purchasing power are lapping up luxury homes along with affordable homes, as they offer better rental income and capital appreciation

In realty sector, many flock for organised facilities management services

In organised facilities management, a real estate developer outsources property maintenance, housekeeping and concierge services, among others, to a third party

Piramal prowls for distressed real estate assets

Investor confidence was rocked last year by a series of defaults at shadow lender IL&FS Group, which pushed up costs for borrowers, including builders looking to roll over debt

Developers are now designing apartments with selfies, Instagram in mind

Savvy developers and architects are embracing the power of the platform to move product, and are baking creative moments into the design process

Realty firms under anti-profiteering lens for not passing GST benefits

Complaints have been filed in Mumbai, New Delhi, Gurugram, Ahmedabad, Bengaluru, Chennai and Kolkata among other cities

March may be the worst FY19 month for realtors as homebuyers delay payments

Last month, the GST Council reduced GST on under-construction properties, from 12 per cent to 5 per cent for under-construction properties

Explained: Why no input tax may widen scope of black money in real estate

With ITC gone, experts say some builders may start buying inputs in cash and dodge paying GST

Why GST Council recommendations may not bring cheer to real estate sector

The existing effective rate of 12 per cent GST (with ITC) should continue for commercial properties

Real estate players see opportunity in the draft e-commerce policy

With stress on data centres to be onshore, firms believe there is going to be a rise in demand for Grade-A commercial spaces

GST cut to boost realty sales; no ITC may hit builders' margins: Moody's

The reduction in GST rate on affordable housing is in line with the government's increased focus on this segment, Moody's said

Realty funds ask for higher cover, turn cautious in lending to developers

HDFC Capital, real estate fund management arm of HDFC, is also taking a conservative view on the assumptions regarding sales and cash flow

Private equity firms eye bonanza in India's affordable housing projects

Private equity firms are now swooping in to buy assets at attractive valuations, say industry insiders, as regulatory changes and a more dovish monetary policy outlook bode well for the sector.