Track2Governance-Agencies: The Enforcement Directorate (ED) has attached properties owned by Emaar MGF, the builder of Commonwealth Games Village in Delhi and several projects in Hyderabad, for alleged violation of Prevention of Money Laundering Act.
Track2Realty: In most Indian metros, people have reached a point where the word “nature” has become a distant dream which they hope to enjoy on a vacation. All they get to see are tall scrapers coupled with a massive amount of pollution. Children in these cities do not know what it means to wake up to the chirping of birds, or even the view of sunrise. Most of India experiences such encounters with nature. However, people in metro cities are missing out on this special experience.
Track2Realty-CRIENGLISH: In a country where majority of the people do not have decent homes and the volume of sales of housing units in Indian markets is under pressure,a growing number of Indians are keen to buy homes abroad, particularly in the United Kingdom.
Track2Realty-Agencies: As many as 20 entities have sought SEBI’s approval to set up Alternative Investment Funds (AIFs), a newly created class of pooled-in investment vehicles for real estate, private equity and hedge funds.
Track2Realty-Agencies: The Income Tax (I-T) department has raided on 45 premises of Indore-based 10 real estate firms on Saturday, Sep 22. A team of 300 officials conducted the operations and recovered Rs 2 crore in cash and sealed 15 lockers of nine realtors. The raids are expected to continue on Sunday as well.
Track2Realty: Government is coming out with new PPP models to fast track infrastructure projects, said Jitin Prasada, Union Minister of State for Road Transport and Highways, while inaugurating the Conference on Infrastructure Project Management, organised by Confederation of Indian Industry in New Delhi on Thursday, Sep 20.
Track2Realty: The top six cities of India are expected to see a total of 50,000 new hotel rooms across categories in the next 5- 6 years. This is in response to the steady growth the hospitality sector has recorded over the last few years. 2012 alone is expected to see 14,800 fresh keys by the end of the year. Out of the total expected supply for 2012, 2000 new hotel rooms have already entered the market. These are the findings of a report by Cushman & Wakefield (C&W)and Confederation of Indian Industries (CII).
Track2Realty: Real estate in Bihar with most of the cities termed as tier-II and III by many of the developers till late, has bucked all trends of slowdown to soar as one of the most promising real estate market. It is not just the new trend of apartments that is catching fancy of the prosperity that is noticeable in many of the urban areas, but even the land rates still continue to soar.
Track2Realty: The Association of Bhopal Realtors (ABR) has recently joined National Association of Realtors of India (NAR India) as its member. NAR India is the credible voice of realtors in India. It is the single national level umbrella organization representing the interests of thousands of realtors/brokers operating all over the country.
Realty sector has welcomed the the RBI’s decision of slashing the CRR rates by 25 basis points to 4.50% with a guarded optimism. The statement from the Prime Minister’s Economic Advisory Council (PMEAC) that the RBI move to infuse liquidity in the system is “more potent” than a cut in interest rate and it will help banks expand credit portfolio seems to have few takers in the sector.