A government-appointed panel has recommended a new law for regulating rental housing
Real estate is possibly the most popular investment vehicle if you are a non-resident Indian (NRI). But since it is an investment, the property needs looking after as you, the owner, are far away in your country of residence. Tania Kishore Jaleel reports.
Promises not kept. Delays not compensated for. Apartments not delivered to specifications. Funds diverted to other projects.
Vandana Ramnani reports.
Getting real: how the bill will workA blockbuster market debut by e-commerce search service firm Just Dial and the cabinet approval of a Bill to create a real estate regulator livened up the stock markets on Wednesday, though key indices ended flat. HT reports.
Developers across the country launched an estimated 38,000 residential units in the first quarter of 2013, an almost 2% decline from the previous quarter due to factors such as sufficient availability of stock, subdued demand and delays in regulatory approvals in certain markets.
Mumbai’s central business district will generate the highest returns from investments in commercial property, while the National Capital Region (NCR) will lag, despite being India’s largest office market, a report by real estate consultant Knight Frank has found.
Looking to attract customers and boost sales, real estate major Parsvnath Developers today launched a scheme on 3,000 flats where buyers will have to pay 25% on booking and the rest on possession.
Real estate remains the hottest savings bets for individuals with most Indians preferring to park their surplus income in these assets despite a robust turnaround in equity markets with the BSE-Sensex looking to good to scale back up to 20,000.
Mahua Venkatesh reports.
Shuffling the buck
If you are currently house-hunting, chances are that you may have to produce your credit history to the owner to ensure that you would be able to pay your rents on time,
Mahua Venkatesh reports.
How credit worthy are you?The Delhi High Court today asked NDMC to respond to Tata Group's plea seeking to restrain the land-owning agency from auctioning the property on which Taj Mansingh Hotel is located here.
US-based real estate major Trump Organisation is looking to expand presence in Indian market and is in discussion with developers in Mumbai and NCR for two Trump-branded housing projects, its India representative said.
India’s realty sector is set for robust inflows of $4-5 billion from overseas investors in the next couple of years, with Bangalore, Delhi and Mumbai emerging as favourites, global real estate consultancy giant Jones Lang LaSalle has said.
With differences between two ministries -- Housing and Urban Poverty Alleviation and Urban Development – threatening to further delay the long pending Real Estate Regulatory Authority Bill, the Prime Minister’s Office (PMO) has stepped in and directed the sparring ministries to quickly resolve their issues over the bill which aims to protect property buyer's interest from unscrupulous realtors, reports Moushumi Das Gupta.
With upscale apartments witnessing a huge fall in demand in the face of high prices, developers are turning to middle-income housing, Sachin Dave reports.