Several realty firms, including Parsvnath, Juventus Builders and Developers, Alok Infrastructure, Oval Developers, Airmid Developers and NG Realty have sought the Government’s nod to shelve their SEZ projects amid continued tax uncertainties.
India’s real estate industry has always been beset by risk, and many unwary buyers and investors have burned their fingers on it.
Though the Reserve Bank of India has laid out strict due diligence standards for banks for sanctioning loans to the real estate sector, industry experts believe lending to the sector will not decline.
Land acquisition has become a very contentious issue these days. There are some states where land acquisition has evoked public protest and at some places these are politically motivated as well.
After Sahara Group firms, another real estate company PACL seems to have violated SEBI regulations.
Godrej Properties Ltd has been voted as amongst the ‘Most Trusted Names’ in the Real Estate Industry.
Alarmed by inflated valuations of real estate properties for the purpose of loans, the Reserve Bank of India has asked all banks to submit an action-taken report on the issue.
Newspaper advertisements and other branding collaterals of some of the real estate projects across the country attract the eye balls for what Indians have always aspired for—International living.
Oberoi Realty plans to expand its land holdings in key cities as debt-laden rivals struggling with rising costs and slowing sales look to cut assets.
The Reserve Bank’s decision to raise key policy rates by 25 basis points today is likely to have a negative impact on the real estate sector.