Category Archives: Real Estate

Budget 2019: What real estate body NAREDCO thinks is the best way to revive the sector

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

‘Real estate mafia responsible for destruction of envt’

Legislative council former chairman B L Shankar said that the real estate mafia is responsible for the destruction of the Western Ghats and farming activities have not harmed the nature. Speaking at a session on challenges on entrepreneurship and employment generation in the district, at the Zilla Kannada Sahitya Sammelana, on Saturday, he said, “Forest Department officials are responsible for Read More

Real estate outlook: 6 trends that may shape the property market in 2019

Divya Seth Maggu Moneycontrol Contributor The Indian real estate sector has been evolving over the past few years. It has witnessed both flux as well as growth and this is likely to be the trend in 2019 as well. Owing to numerous reforms introduced, the sector has gone through changes in the tax, regulatory as well as the business environment. Read More

What To Expect For Real Estate Sector In Budget. Here’s A List

Union Budget 2019: The real estate sector has faced a slack in the recent past The government is due to present Interim Budget 2019 in Parliament on February 1. For the real estate sector, a slowdown in demand across segments has highlighted many challenges ahead. The real estate sector – which relies highly on borrowings – has faced a slack in the Read More

2018 Rear View Mirror: 2019 Has Strong Growth in Cards For Real Estate

According to a joint report by CREDAI and JLL, India’s real estate sector is projected to reach $180 billion by 2020 from $126 billion in 2015. As the growth trajectory looks strong, let’s take a look at how 2018 ushered the massive structural changes in, and what 2019 looks like for Indian real estate. 2018: The Year of Change The Read More

Real estate sector turns corner; housing sales surge 6% in 8 major cities

Housing sales rose 6% in calendar year 2018 in eight major cities as developers reduced prices and offered indirect  discounts to lure customers, property consultant Knight Frank India has said in its latest report. Sale of residential units increased in six cities — Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad and Ahmedabad — but declined in two cities — Kolkata and Pune. Read More

Airport Authority Threatens To Seize Sahara’s Mumbai Hotel

Hotel Sahara Star is located on 30,047 sq. meters on the Western Express Highway. Mumbai: In yet another blow to the beleaguered Sahara Group, the Airports Authority of India (AAI) has terminated the lease of the posh Hotel Sahara Star and threatened on Friday to seize the prime property situated outside Mumbai Airport. The AAI Western Region (AAI-WR) slapped a notice Read More

Indians Biggest Foreign Investors In Dubai Real Estate: Report

Indians have invested hugely in Dubai realty in the first nine months of 2018. Mumbai: Expecting high returns, Indians have invested hugely in Dubai realty in the first nine months of 2018, making them the largest chunk of all foreign investors in the sector, according to the latest statistics of the Department of Real Estate Studies & Research, Dubai Land Department Read More

Gautam Gambhir Gets Warrant For Skipping Real Estate Fraud Case Hearing

Gautam Gambhir as the brand ambassador is accused of luring people to invest in the fraudulent project. New Delhi:  A Delhi court on Wednesday issued bailable warrants against retired cricketer Gautam Gambhir for not appearing before it despite repeated summons in a case related to alleged cheating of flat buyers in a real estate project. In a complaint, 17 flat Read More

Explained: Rules you need to follow for withdrawing PF

Fmployees working in a corporate setup or registered employees in an organisation are entitled to Provident Fund (PF), a popular pension scheme for each and every employee working in an organisation having over 20 members. Once a member’s PF is registered, the contributions in the fund keep swelling as they continue to work in one organisation or more. In case Read More