Strongly opposing the Resettlement & Rehabilitation (R&R) burden on private builders, Pankaj Bajaj, President, CREDAI NCR has said that this will hurt the realty sector and urban development.
Has Anna Hazare’s so-called anti-corruption crusade got any impact on the real estate? Well, the question may seem to be borne out of cynicism, but wait.
Confederation of Real Estate Developers’ Association of India (CREDAI), Tamil Nadu has blamed the two state government agencies of holding up residential and commercial projects worth Rs.7,500 crore by delaying approvals.
Chief Minister Tarun Gogoi has inaugurated the ‘Northeast Realty Expo 2011’ at the Maniram Dewan Trade Centre on Thursday, August 25.
There has been a substantial decline in foreign direct investments (FDI) in high-growth potential sectors like housing and real estate, construction activities and telecommunications in 2010-11.
The order of Competition Commission of India (CCI) has raised question marks on the role of the Haryana Urban Development Authority (HUDA) and Town and Country Planning Department (DTCP).
The imposition of heavy penalty by Competition Commission of India (CCI) on real estate major DLF in Belaire complex case for breaching the norms regarding fair pricing is likely to have serious ramifications on the real estate industry in the city.
Unitech Ltd, India’s second largest real estate company, and DB Realty Ltd continued to struggle with sales in the June quarter amid rising interest rates and slowing demand—a seemingly unceasing plight they share with most of the sector.
Housing Development and Infrastructure (HDIL) has posted consolidated net profit of Rs.1.89 billion for the quarter ended June 30, 2011 as compared to net profit of Rs.2.16 billion for the quarter ended June 30, 2010, representing decrease of 12.50%.
ATS Group, the Noida-based developer has announced its foray to the Gurgaon property market with residential projects.