Pune builders take repo rate hike in their stride
The real estate sector in Pune has taken the Reserve Bank of India’s (RBI) announcement to increase the repo rates in their stride without much cribbing.
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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.
Hiranandani to set up multi-specialty hospital in Thane
Hiranandani Group on Friday, September 16, announced it was setting up a 200-bed multi-specialty hospital in Thane city, expected to be operational in the next two years.
RICS sets up South Asia Board to strengthen presence
The Royal Institution of Chartered Surveyors (RICS), which set up its India operations nearly three years ago, has now formed a new world region ‘RICS South Asia’ as it looks to strengthen its presence in the Asian subcontinent.
Law ministry had supported its stand last year: Sahara
The Sahara group on Thursday, September 15, said the Law Ministry had last year taken a view that the Securities and Exchange Board of India (SEBI) did not have jurisdiction over unlisted firms.
Jones Lang LaSalle enters Sri Lanka market
Jones Lang LaSalle has announced plans to enter the real estate market in Sri Lanka.
MCHI to enforce Code of Conduct for developers
Kick-starting a Consumer Redresser Mechanism, The Maharashtra Chamber of Housing Industry (MCHI), the representative body of real estate industry, has decided to enforce a “Code of Conduct.” among its developer members.
Mayfair group acquires Oberoi’s Gopalpur hotel
Mayfair Group of hotels, the largest premium hotel chain in eastern India, has acquired the Palm Beach property of the Oberoi Group located at Gopalpur in Orissa at a cost of Rs.10 crore.
Sahara had 2 crore investors in one firm
Sahara India Real Estate Corporation had garnered investments from over 2 crore investors through three separate securities, according to an affidavit the company filed on Wednesday, September 14.
What drives realty market—commercial or residential?
The Indian real estate market has matured to the extent that it is seen as the best investment instrument, leaving behind gold and other traditional investment options.