Developers want ‘force majeure’ in draft Realty Bill
Real estate developers have sought inclusion of “force majeure” provisions in the proposed real estate bill drafted by the Central Government.
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2G: ED to attach properties worth Rs 223 cr of DB Realty, others
The Enforcement Directorate in India will attach immovable property worth Rs.223 crore of five companies involved in the 2G scam case, after an anti-money laundering court gave its nod on Tuesday, Jan 10.
Sunteck Realty to buy 10 acre in Mumbai suburb for Rs 350 cr
Sunteck Realty has reportedly entered into an agreement to acquire over 10 acres land parcel in Goregaon suburb of Mumbai for nearly Rs.350 crore.
Let’s address the real conundrum of realty
India has the second largest population in the world and is expected to overtake China by 2025. Fulfilling the housing needs of the Indian population which is growing at 1.41% annually is a tremendous challenge for the government today.
Realtors queue up for debt restructure
The Indian realty estate companies reeling under plunging sales and liquidity issues have something more challenging to negotiate-the piling debt in their balance sheet and the banks’ deadline to repay coming close.
Demand-supply gap to uplift residential realty market
The anticipated demand is likely to exert an upward pressure on property prices especially in markets like NCR, Mumbai and Bangalore where the demand-supply gap is high.
Will 2012 carry forward gloom in the realty market?
Will 2011 carry forward gloom in the realty market? That is the question on everybody’s lips today and the sector seems to be only praying that the worst has been left behind in 2011.
Track2Realty comes out with yearly handbook for 2012
Now at the year end it is time we conceptualized the idea of a compendium of yearly handbook that could serve as a ready reckoner to the sector, the media, HNIs and the investors who have keen interest in the Indian realty market.
2012 promises the year to get real
One of the biggest problems afflicting the sector is its high level of debt. The debt load of 11 listed real estate companies stands at Rs.38,500 crore.
2012 promises the year to get real
A Knight Frank report suggests revenues of real estate companies have dropped by 19 per cent and profits have declined by 70 per cent, over the past four financial years, since 2007-08.