Most people think of the arctic as remote – a wasteland inhabited by polar bears (true) and penguins (untrue) – with little relevance to their daily lives. Most people are wrong. While the arctic may be distant for us geographically, what happens there has an enormous effect on us, no matter where we live. The last remaining house on what Read More

A growing workforce, slowing residential market, and decentralisation of commercial space in the prime metros, are among the factors that have contributed to steady growth in the office space segment over the past decade. Despite realty overall being sluggish in the last two years, the office segment has continued to grow. Developers and analysts see the growth continuing, with newer Read More

Bengaluru: Century Real Estate Holdings is in talks with Piramal Ivanhoe Residential Equity Fund to raise funds for an upcoming residential project in a deal valued at ₹250 crore. The Bengaluru-headquartered developer plans to build a high-end residential project on a 10-acre land parcel it owns in the central business district in the city. “The deal is likely to be a structured Read More

Arun Jaitley(REUTERS FILE PHOTO) The Goods and Services Tax Council decided on Sunday to cut the tax on under-construction houses to 1% for properties valued up to ₹45 lakh and to 5% for those in the premium segment in order to boost the troubled real estate sector and provide relief to aspiring homebuyers. The rates will be brought down from Read More

Globally, real estate development is an important parameter to measure economic growth. If one just looks at the demand for homes in India, the growth potential is huge. Initiatives by the government, including ‘Housing for All by 2022’ offer major growth potential not just for the sector, but also for economic development and GDP growth. Indian real estate is the engine Read More

The GST rate cuts are proposed to be accompanied by denial of input tax credit to builders. A group of ministers (GoM), led by Gujarat Deputy CM Nitinbhai Patel, has recently recommended 5% GST (goods and services tax) for under construction properties and 3% GST for affordable housing, which has been welcomed by both industry experts as well as property Read More

v The doomsayers are having a field day with predicting that Brexit will cause the UK real estate market to dry up and blow away. In India, we are quite used to gleeful prophecies of doom regarding real estate and take them with a healthy pinch of salt. No doubt, every change involves disruption and confusion in the beginning. In Read More

Blinded by falling funding costs, NBFCs raised their exposure to property firms by 46% over 3 years even as banks have been extremely cautious. Just a year ago, India’s third-largest mortgage lender was bragging about how it had shrunk its financing costs by replacing bank loans with market borrowings. Now, Dewan Housing Finance Corp. is confronting the fallout of that Read More

The District Consumer Redressal forum has asked Nature Farms and Real Estates Private Limited to refund Rs 3,16,924 along with 12 per cent interest and pay Rs 3,962 per month from August 20, 2015, to July 20, 2019, as lease amount and Rs 30,000 as compensation and litigation expenses to a city-based resident for failing to give timely possession of Read More

The Indian residential real estate industry is in distress. Bankruptcy, diversion of funds, delayed deliveries, and projects not taking off at all have hurt homebuyers like never before. Industry body the National Real Estate Development Council (NAREDCO), in its pre-Budget memorandum says that “as an industry, we do realise that there can be good developers and bad developers. The idea Read More