Realty sector foresees black Diwali post repo rate hike
The repo rate hike by the Reserve Bank of India (RBI) by 25 bps seems to have spoiled the festive spirit of the real estate sector.
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Experts question CCI definition of service and market dominance
The Competition Commission of India (CCI) penalty of Rs.630 crore on DLF has raked up the old debate in the sector as to whether the business falls under the service sector.
Knight Frank study funds India 2nd in global realty price growth
A study by international property consultants Knight Frank finds real estate prices in India have risen by 21.3 per cent over the past one year, making it the country with the second highest rise in real estate prices globally.
Noida Extension impasse a learning curve for realty sector
The Noida Extension has snowballed into controversy which could have been better avoided.
New building technology ready to reduce India’s housing shortage
New building technology created by International Steel Structures (ISS), is ready to help reduce India’s housing shortage by being able to provide housing units with structural integrity in a matter of days from production.
Realtors have been adding Rs14 crore debt a day
The debt load of 11 listed real estate companies in the country has risen 15%, or by Rs.5,000 crore, to Rs.38,500 crore in the last 12 months.
DLF plans to cut debt by Rs 3,000 cr
DLF plans to reduce its debt by Rs.2,500-3,000 crore by the end of this financial year, according to Group Executive Director Rajeev Talwar.
Devil lies in implementation, not land acquisition bill
Rakesh Jain booked a flat in one of the projects in Noida Extension. He paid to the developer all the savings from his hard-earned money and had everything in place-due diligence done through his lawyer.
DLF fined Rs 630 crore for unfair practices
The Competition Commission of India (CCI) has slapped a 630-crore fine on DLF, threatening to turn an isolated dispute between flat buyers and India’s largest builder into a full-blown headache for the industry.
Singapore NRIs investing in India & global properties
An increasing number of Indian nationals working in Singapore are investing in properties in India and other countries, like Malaysia, London, Australia, Thailand and Singapore, according to a local media report.