HindustanTimes Fri,26 Dec 2014

Real Estate

Developers lure investors with FD-plus rates

As projects get delayed and investors tread cautiously with new developments, developers are offering more interests than bank fixed deposits to attract investors. Sachin Dave reports.

Realty outlook negative on weak demand, costs: Fitch

According to the report — 2012 Outlook: Indian Real Estate Sector — the demand in 2012 would remain sluggish.

Decision to levy service tax on flat, shop construction upheld

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

Hines plans Rs. 1,500 crore investments in Indian realty

It could be an indication that India’s real estate sector is slowly coming back to life from a deep slumber. Vivek Sinha reports.

Sales hit, retailers cadge down rents

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.

Realtors plagued by Rs. 120,000 cr debt as banks play hardball

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.

Supertech inaugurates North India's tallest tower project

Real-estate major Supertech today performed ground-breaking ceremony for North India's tallest mixed-use development project here.

Another blow for Unitech, DB Realty

The Supreme Court's verdict on the 2G spectrum case could not have come at a worse time for real estate players such as Unitech and DB Realty. HT reports.

RBI asks banks not to overstate value of realty

The Reserve Bank of India (RBI) on Friday came hard on banks for overstating realisable value of real estate properties they finance by including charges such as stamp duty and other levies. HT reports.

Apartment developers cut corners to boost cash flows

As volumes in the real estate sector refuse to pick up, some apartment developers have slashed the average saleable area in Mumbai apartments. As a result, you now have homes that on the face of it look cheaper than the going rates in a particular area, but then in effect the size of the apartments have also shrunk.

Sahara, US’ Turner in construction JV

Sahara Prime City, the real estate arm of Subroto Roy-led Sahara Group, on Thursday announced a joint venture with US-based construction major Turner Construction and special situation investment firm Acropolis Capital. The venture will invest $100 million or around Rs. 500 crore within the next five years. HT reports.

Hospitality industry hobbled by land costs, taxes, delays: CII

High real estate costs, lack of any tax incentive and bureaucratic hurdles are huge problems for the growth of the hospitality industry that is one of the country's top job earners, a survey revealed today.

Now, realtors face interest mountain

Real estate players, already battling a slowdown in sales, are likely to see their woes intensifying, with interest payments against loans eating up into their cash flows in March. Sachin Dave reports.

Nearly half the projects in metros are delayed: study

Around 45% of real estate projects in the National Capital Region, Mumbai Metropolitan Region and the Bangalore Metropolitan Region have been delayed, according to a survey by real estate reserach firm PropEquity. HT reports.

Realty investors left holding their apartments as demand sinks

The vicious downward spiral in demand for real estate, and unrealistically high prices, have forced the hands of many investors: they are having to take possession of their properties, and getting them registered. Sachin Dave reports.

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