Housing demand to remain stagnant till economy improves
Housing demand is expected to remain subdued in short-to-medium term…
Search Results: NCR (2578)
Timely approvals may bring down housing costs: Selja
The government has formed a committee to evolve a workable strategy for reducing the time taken in approval of real estate projects which could ultimately reduce the cost of houses by 25 to 40 per cent, minister of housing and urban poverty alleviation Kumari Selja said on Friday, May 11.
Indian Mothers storming into last male bastion—Real Estate
First influencers, then catalysts and now storming into what can be conveniently called last male bastion—Real Estate. Indian Mothers have indeed come a long way to prove that a challenging job of realty business can be managed along with the family responsibilities and upbringing of the children. Track2Realty salutes a few of such Case Studies on the eve of Mother’s Day.
Hyderabad realtor held for cheating
The Central Crime Station (CCS) police of Hyderabad on Thursday, May 10, arrested the Managing Director of a real estate company for duping his customers of Rs 3 crore by promising housing plots to them. Many incriminating documents also seized from him.
Realty proposes, government disposes; well not always
When the Finance minister Pranab Mukherjee proposed home buyers to withhold 1% of the sale consideration as Tax Deducted at Source (TDS), it became a free-for-all kind of football match with developers and property consultants alleging that it could encourage black money component in real estate, while tax consultants believed otherwise and pointed out that the reach of the banking sector in rural area makes it easier to detect unsavoury deals.
Slower and expensive building approvals in India a worry
The building approval process in India is relatively slower and more expensive in comparison to several other countries as indicated by a recent World Bank assessment. The report highlights that an average 37 procedures over a period of 195 days are needed for obtaining construction permits in the country vis-à-vis 15 approvals over an average 157 days in the OECD region.
Private Equity investments into Pune real estate
By: Sameer Gholve, Manager – Capital Markets, Jones Lang LaSalle…
Competition Commission of India pulls up DLF yet again
The Competition Commission of India (CCI) has pulled DLF yet again in a recent order for cancellation of allotment of an apartment of a member of DLF’s Park Place RWA, stating that it was in “direct contravention” of its stay order of September 2010.
Cognizant raises investment in real estate infra by $200 m
Cognizant Technology Solutions has increased its real estate infrastructure expansion in India by nearly $200 million.
The US-based company, which has large offshore presence in India, has revised its investment plan to a total of $700 million in real estate from 2011 through 2015.
RICS – Vestian Study highlights need to raise safety & security standards of IT Parks in India
The Royal Institution of Chartered Surveyors (RICS) and Vestian Global Workplace Services have released a PAN India in-depth study ’Assessment of IT campus environments’.