NEW DELHI: Indian real estate industry, which is reeling under the pressure of liquidity crisis and slump in home buyer’s confidence, is expecting the union budget 2019, to be presented on 5th July, to give much required impetus to the slow-moving sector. Few of the major expectations of the industry are: No cap for loss from house property: The limit set-off for Read More

For the first time, Bengaluru has been ranked among the top ten global cities in the Asia Pacific region for cross-border investment in the real estate sector. The investment in the city’s real estate sector has doubled to $1.6 billion in FY19 compared with $800 million in the previous fiscal, a survey by global real estate consultancy CBRE South Asia Read More

Union Budget 2019: It is that time of the year when every man on the street has high hopes. There are high expectations on what the Government proposes to do with a powerful instrument it has launched to propel growth. The instrument also holds the potential to increase the spending power in the hands of the common man. At the same Read More

NEW DELHI: Most realty shares were trading in the positive zone in Tuesday’s morning session. Shares of Indiabulls Real Estate (up 2.31 per cent), SobhaNSE 0.26 % (up 0.76 per cent) and DLFNSE 0.86 %(up 0.58 per cent) were trading higher. Oberoi Realty (up 0.54 per cent), Godrej Properties (up 0.36 per cent) and Prestige Estates Projects (up 0.13 per cent) too were Read More

New Delhi: Capital investment in commercial real estate by Indian investors in overseas markets soared by 92 percent to $700 million (around Rs 4,893 crore) between the first quarter of 2018 and the first quarter of this year, a report said. Investors tapped the overseas market to diversify risk and increase their returns, the report by global property consultant Knight Frank Read More

The Nifty Realty index has declined 2% on Friday as selling pressure was seen in Indiabulls Real Estate, DLF, Oberoi Realty, Sunteck Realty, and Sobha. Shares of Indiabulls Real Estate and DLF, which declined 4% each, were leading the index’s fall. Shares of Oberoi Realty and SunTeck Realty also contributed to the fall, declining 3% each. Shares of Sobha dropped 1%. However, shares of Brigade and Phoenix cushioned the Read More

Uttar Pradesh Real Estate Regulatory Authority invites online application for the post of Law Graduates who have graduated not before 2016-17 for contractual engagement as “Law Trainee” in UP-RERA. Name of the Post: Law Trainee No. of Post: 03 (Three) Honorarium: Rs. 30,000/- Maximum Age Limit: 27 Years Essential Qualification The candidates must have at least one-year experience of working in a court of Read More

Uttar Pradesh Chief Minister Yogi Adityanath on June 14 visited Gautam Buddh Nagar to review various development works. He also met real estate developers and homebuyers to discuss issues relating to delays in the delivery of housing units, sources said. As per estimates, over 3 lakh homebuyers in UP are yet to receive their houses. The chief minister met real estate Read More

The residential real estate market across the country saw a 43% year-on-year decline in launches in March. However, sales during the month saw a 10% y-o-y increase. The launches saw a staggering decline in March amid the uncertainty over GST (goods and services tax) rates as well as the liquidity crisis. This led to an overall fall of 6% y-o-y Read More

Lucknow: Real estate giant Ansal API, entrusted with around 90 projects in Uttar Pradesh, now finds itself under the scanner for alleged fraud, criminal breach of trust and diversion of funds.  The latest blow came last week when a Lucknow court issued a non-bailable warrant (NBW) against the firm’s top management, including chairman Sushil Ansal and his son Pranav Ansal. “Two Read More