Real-estate major Supertech today performed ground-breaking ceremony for North India's tallest mixed-use development project here.
In a decision that might have an impact on realty prices in the metropolis and nearby areas, the Bombay high court has upheld the decision of the union government to levy service tax on construction of flats and shops
It could be an indication that India’s real estate sector is slowly coming back to life from a deep slumber. Vivek Sinha reports.
As retailers battle with a slowing sales and declining growth in 2012, they are approaching real estate developers to renegotiate rents. Sachin Dave & Rachit Vats report.
The real estate sector, which has seen a 36% surge in its outstanding debt at Rs 120,000 crore so far in 2011-12, has become a cause for concern to the banking industry.
Mahua Venkatesh reports.
According to the report — 2012 Outlook: Indian Real Estate Sector — the demand in 2012 would remain sluggish.
High prices combined with high interest rates that have dipped the volumes in the real estate sector have also led the realty companies to pledge more shares in a bid to raise their liquidity.
The government’s decision to suspend FDI in multi-brand retail has disappointed the real estate sector that was banking upon a demand surge for retail space.
As prices in the real estate sector remain in the stratosphere, property investors (who buy property only for investment purposes) have suffered a 50% hit in their returns.
Indiareit, the real estate private equity (PE) arm of the Piramal group, is learnt to be exiting two residential projects for around Rs 200 crore.
Real estate-focused private equity (PE) funds, which have seen falling returns in last three years, are now finding it hard to raise liquidity for the new funds in the sector.
Sachin Dave reports.
Not so many happy returnsGet furniture free in your flat or get a car parking free if you buy an apartment — or simply grab a 10 to 15% discount on a property. Such are the bargains being offered by real estate developers as they see their sales drop.
Real estate prices may fall 20-30% in several pockets of Delhi-NCR and Mumbai in six months, but experts are divided on whether and when prices will decline across the board.
Mahindra Lifespaces, the real estate arm of the Mahindra group, is said to be in talks with Alibaug-based developer Samira Habitats for a joint venture or buying of a land parcel.
Sachin Dave reports.
Building blocks2011 was a dismal year for the realty industry. Prices touched exorbitant levels, while sales figures of apartments plumbed the depths. So what was the reason for the slump?