Tax rebates for individual taxpayers could revive the residential property market
Anshuman Magazine, CMD of CBRE South Asia writes how tax…
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5 Indian cities receive record PE investment into real estate in 2015
2015 proved to be a good year for key Indian metros as inflows into real estate by private equity (PE) funds was at a record high. The total investment that the sector got was approximately INR 19,500 crore.
Affordable luxury—contrasting match or confusing mate?
Call it contrasting match of the two extreme ends or just the confusing mate living together, but affordable luxury has gained ground in Indian realty, finds Track2Realty.
Noida builders trap homebuyers and authorities with default
Noida developers have this time not only trapped the homebuyers but also the development authorities of Noida, Greater Noida and Yamuna Expressway. In more than 100 real estate projects the developers like ATS, Supertech, Unitech, Orris, Omaxe and Logix have defaulted on payment of land cost to the government in Noida, Greater Noida and Yamuna Expressway areas. The amount is staggering Rs. 10,000 crore.
Delhi’s Connaught Place world’s 6th most expensive office market
At about US$151 per sq. ft. per annum, Delhi’s Central Business District (CBD) of Connaught Place was ranked as the sixth most expensive prime office market in the world, according to CBRE Research’s semi-annual Global Prime Office Occupancy Costs survey.
Will the real estate bill finally become a reality?
Several amendments to the Real Estate (Regulation and Development) Bill, 2015, suggested by the select committee of Rajya Sabha, have now been accepted by the Union Cabinet. This is a major step towards introducing the amended bill in the Rajya Sabha. The bill will bring in much-needed transparency and accountability in the real estate sector.
Three jewels of Navi Mumbai
When a broker recently suggested Himanshu Kapadia that he should better invest in Ulwe, Dronagiri or Nerul of Navi Mumbai this engineer thought the greedy broker is selling the properties out of which he could make more brokerage. There was nothing common between these three locations and even in terms of price point of the residential properties the three given markets had a different profile.
FDI relaxation aimed to attract investment in smart cities?
When the Government of India was announcing relaxation with FDI norms a day ahead of Diwali, many analysts thought it to be a Diwali gift for 15 core sectors that could also prolong the festive spirit for the real estate sector.
Haryana’s tryst to compete with land pooling of Delhi
Haryana Government would like to address it as pro-farmer move, the real estate sector would like to hail it as investment friendly and others within the built environment of real estate would like to call it a step that would bring to the market more supply and hence affordability.
Amrapali Group launches High Life 2
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