Two ultra-premium apartments in Mumbai are on the block.
Realty has not rebounded from a slump, did you say?
At a time when the microfinance industry has come under scanner after a number of suicide cases reported in Andhra Pradesh, Hyderabad-based Basix Group has launched a model that provides safe housing solutions, backed by micro home loans and livelihood schemes.
Godrej Properties said on Sunday that the realty prices are likely to go up further in cities other than Mumbai and Delhi in the next two months on the back of a stupendous demand across the country.
The Reserve Bank today noted that residential property prices are on a northward spiral in most of the major cities, especially in Delhi and Bangalore, while in Mumbai it seems to have reached a plateau.
Real-estate company IREO group has submitted to the income tax (I-T) department details of the 523 investors who infused more than $1.5 billion funds into the private-equity funded firm.
The country's largest lender State Bank of India today said that the housing finance racket, involving CEO of LIC Housing Finance and several senior bankers, will not hit disbursements to the real estate sector and there was no need for alarm.
The much advertised, high end Lake City Project in Lavasa, 65 km east of Pune, never sought clearance from the union environment ministry and could be demolished, the ministry said in a show cause notice sent to the developers on Friday. It ordered them to stop all construction immediately. Chetan Chauhan reports.
The top management of several public sector banks could be put under the scanner to probe possible links to the housing loan scam.
Mahua Venkatesh reports.
Money mattersReal estate player Lavasa Corporation may have filed its draft red herring prospectus for the IPO to raise around Rs. 2,000 crore from the market but the show cause notice issued by the environment ministry may just defer their plans, say merchant bankers. Sandeep Singh reports.
Lavasa, a hill city being developed outside Mumbai by Lavasa Corporation is in the thick of controversy. HT gets behind the controversy.
A division bench of the Bombay High Court, presided over by Chief Justice Mohit Shah, on Monday recused from hearing the petition filed by Lavasa Corporation challenging the show cause notice and the stop work order issued by the ministry of environment and forest.
The Municipal Corporation of Delhi wants to hike property tax by five per cent. In real terms, that could mean you are likely to pay 50% or more.
Real estate companies were never a favourite among fund managers. Now after several scams coming out with links to various real estate companies, fund managers feel the sector is not the place to be in.
Real estate developers are slated to reap a windfall as large number of software units shift base from software technology parks to SEZs in order to avail tax concessions available in special economic zones.