Real Estate

Government increases carpet area for middle class houses eligible for CLSS interest subsidy

In a major decision to bolster affordable housing and construction sector leading to enhanced economic activity, the government has increased the carpet area of houses eligible for interest subsidy under the Credit Linked Subsidy Scheme (CLSS) for the Middle-Income Group (MIG) under Pradhan Mantri Awas Yojana (Urban). As per the revised norms, the Ministry of …

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Affordable housing offers 6-8 bn sqft development opportunity in India over 3-4 years: Report

Following a slew of policy initiatives and regulatory changes in 2017-18, affordable housing offers 6-8 billion sq. ft. development opportunity in India over the next 3-4 years, showed a CARE Ratings report. Affordable housing segment of late is being primarily driven by government policies and incentives. As per Government estimates, over 40 million urban homes …

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Realty Hotspot Series: Why Sohna Road, Gurgaon is an upcoming real estate hub

1 Realty Hotspot Series: Why Sohna Road, Gurgaon is an upcoming real estate hub Affordable housing fund to help better capital access Housing prices remain stable in September, supply dips: CBRE Sebi-DLF case may have wider ramifications for realty sector Residential property sales likely to improve in 6-12 months: Survey Home buyers not fully convinced …

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Affordable housing fund to help better capital access

MUMBAI: The government has continued its efforts to achieve the vision of ‘Housing For All by 2022’ with the Finance Minister Arun Jaitley announcing setting up a dedicated fund for affordable housing in Union Budget for 2018-19. “My Government will also establish a dedicated Affordable Housing Fund (AHF) in National Housing Bank, funded from priority …

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Sebi to study fee-based model for robo-investment advisory

MUMBAI: Suggesting a facilitative role for Sebi, its international advisory board (IAB) today suggested to the regulator to study migration to fee-based model for robo-based investment advisory and also be “tough but open to innovations” in new areas like crowd-funding. The panel also asked the capital market regulator to ensure performance evaluation for boards of …

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Welspun India settles case of takeover norms violation with Sebi

MUMBAI: Welspun India has settled a dispute related to violation of takeover norms with capital market regulator Sebi by paying an amount of Rs 2.41 lakh in settlement fee. The company had allegedly failed to make requisite shareholding disclosures in 2005 within the prescribed time frame, as given under the capital market norms. In an …

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Housing prices remain stable in September, supply dips: CBRE

NEW DELHI: Housing prices remained largely stable during the last month across the country’s seven major cities while supply dipped marginally, according to property consultant CBRE. “After recording an improvement in sentiments in August, the residential market saw a marginal dip in fresh supply of housing units during September,” CBRE South Asia CMD Anshuman Magazine …

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Sebi-DLF case may have wider ramifications for realty sector

NEW DELHI: As realty giant DLF fights a three-year capital markets ban imposed by regulator Sebi, the case is being seen as one having wider ramifications for the entire real estate sector and the regulatory framework applicable to them. Sebi barred DLF and six others, including the company’s chairman and other top executives, earlier this …

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Residential property sales likely to improve in 6-12 months: Survey

MUMBAI: Real estate purchase sentiment index has improved by almost 2.5 points to 32.3 in September this year reflecting an improvement in consumer interest after a long period of lull, says a survey. According to ZyFin Research, the index improved by 2.5 points to 32.5 compared to 29.8 in August, suggesting a recovery in consumer …

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India real estate funds look to raise $1 bn from overseas

Real estate projects, selling houses at a rate of Rs 4, 000-6,000 per sq ft, which can be classified as affordable housing, appear to be seeing good traction in sales and cash flows. Indian real estate-focused private equity (PE) funds are hoping to raise around $1 billion from overseas investors, two people familiar with the …

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Mumbai: Govt mulls new rider to check speculative buying of regularised pre-2000 shanties

In order to pre-empt the speculative buying of pre-2000 shanties set to be regularised, the state government will soon issue orders to ensure that only those who can provide proof of their stay in the shanty for at least a year, and not the absentee owners, are entitled to free housing. However, this would also …

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Sebi to study fee-based model for robo-investment advisory

MUMBAI: Suggesting a facilitative role for Sebi, its international advisory board (IAB) today suggested to the regulator to study migration to fee-based model for robo-based investment advisory and also be “tough but open to innovations” in new areas like crowd-funding. The panel also asked the capital market regulator to ensure performance evaluation for boards of …

Sebi to study fee-based model for robo-investment advisoryRead More »

Welspun India settles case of takeover norms violation with Sebi

MUMBAI: Welspun India has settled a dispute related to violation of takeover norms with capital market regulator Sebi by paying an amount of Rs 2.41 lakh in settlement fee. The company had allegedly failed to make requisite shareholding disclosures in 2005 within the prescribed time frame, as given under the capital market norms. In an …

Welspun India settles case of takeover norms violation with SebiRead More »

Housing prices remain stable in September, supply dips: CBRE

NEW DELHI: Housing prices remained largely stable during the last month across the country’s seven major cities while supply dipped marginally, according to property consultant CBRE. “After recording an improvement in sentiments in August, the residential market saw a marginal dip in fresh supply of housing units during September,” CBRE South Asia CMD Anshuman Magazine …

Housing prices remain stable in September, supply dips: CBRERead More »

Sebi-DLF case may have wider ramifications for realty sector

NEW DELHI: As realty giant DLF fights a three-year capital markets ban imposed by regulator Sebi, the case is being seen as one having wider ramifications for the entire real estate sector and the regulatory framework applicable to them. Sebi barred DLF and six others, including the company’s chairman and other top executives, earlier this …

Sebi-DLF case may have wider ramifications for realty sectorRead More »

Residential property sales likely to improve in 6-12 months: Survey

MUMBAI: Real estate purchase sentiment index has improved by almost 2.5 points to 32.3 in September this year reflecting an improvement in consumer interest after a long period of lull, says a survey. According to ZyFin Research, the index improved by 2.5 points to 32.5 compared to 29.8 in August, suggesting a recovery in consumer …

Residential property sales likely to improve in 6-12 months: SurveyRead More »

Sebi to study fee-based model for robo-investment advisory

“A matrix of expertise may be introduced to make the board diverse, balanced and in tune with the requirements for effective functioning of the company.”           Read More

Sebi to study fee-based model for robo-investment advisory

“A matrix of expertise may be introduced to make the board diverse, balanced and in tune with the requirements for effective functioning of the company.”           Read More

$ 10 billion investment in realty since last year despite slowdown

Real estate sector has witnessed an investment of about $ 10 billion since 2015, the highest in last seven years.           Read More

Omkar Realtors, Shapoorji Pallonji in joint venture for 16-acre Mumbai project

The project with a total development potential of 2.2 million sq ft and estimated revenue of Rs 3,500 crore will see both Omkar Realtors and Shapoorji Pallonji sharing profits equally.           Read More

MCHI–CREDAI inks pact with Maharashtra government for affordable housing

MCHI–CREDAI has entered into a Memorandum of Understanding with government of Maharashtra for developing affordable housing in the state.           Read More

HDIL sales bookings rises 14% to Rs 389 crore in October-December period

The company’s net debt declined to Rs 2,890.55 crore as on December 31, 2015, from Rs 2,970.41 crore at the end of the September quarter.           Read More

Mantri Realty’s creditors seek High Court nod to sell assets to recover dues

Creditors of Mantri Realty proposed to the Bombay High Court that some properties of the developer be sold to recover their dues worth Rs 300 crore.           Read More

Real estate woes: After Unitech, home buyers take legal route against builder frauds, delays

The Unitech case comes as a kind of confidence booster for home buyers who have been fighting builders in different forums.           Read More

CREDAI asks builders to honour commitment to buyers

Realtors’ apex body CREDAI today asked its member developers to give real time information to the buyers about the ongoing projects which are delayed and honour their commitments in order to prevent consumers from taking legal recourse.           Read More

Gurgaon housing price down by 25% in 2015, sales still down

Housing prices in Gurgaon fell by about 25 per cent during last year but it was not sufficient to boost demand, according to property consultant JLL.           Read More

New home launches fall by 14% in Delhi-NCR during 2015

Launches of new homes fell by 14 per cent in the Delhi-NCR market during last year to nearly 23,000 units due to slowdown in demand, according to Cushman & Wakefield.           Read More

PEs may pump in more money in real estate this year

Anywhere between $3 billion and $4 billion are either raised or close to be raised by funds that are real estate focussed.           Read More

PEs may pump in more money in real estate this year

Anywhere between $3 billion and $4 billion are either raised or close to be raised by funds that are real estate focussed.           Read More

Simpler green norms for real estate; environment ministry looking to decentralise approval powers

In the New Year, India’s somnolent real estate market may finally get a much needed boost — builders may have to comply with only 12 to 24 environmental norms.           Read More

Simpler green norms for real estate; environment ministry looking to decentralise approval powers

In the New Year, India’s somnolent real estate market may finally get a much needed boost — builders may have to comply with only 12 to 24 environmental norms.           Read More

Delhi-Meerut Expressway to boost NCR property market: CREDAI

The construction of Delhi-Meerut Expressway at cost of Rs 7,566 crore will have a positive impact on the housing supply and demand in the NCR property market, realtors’ apex body CREDAI said.           Read More

Delhi HC issues notices to CCI, CREDAI and 20 realty developers over cartelisation, matter to be heard on Jan 18

Realty developers’ troubles regarding allegations of cartelisation have got murkier as the petitioner has moved HC against competition watchdog CCI itself.           Read More

Delhi HC issues notices to CCI, CREDAI and 20 realty developers over cartelisation, matter to be heard on Jan 18

Realty developers’ troubles regarding allegations of cartelisation have got murkier as the petitioner has moved HC against competition watchdog CCI itself.           Read More

JP Morgan, Apollo Global set to exit BPTP after protracted arbitration battle

The builder has sold its 800,000 sq ft office building BPTP Crest in Gurgaon for Rs 850 crore to pay the institutional investors.           Read More

JP Morgan, Apollo Global set to exit BPTP after protracted arbitration battle

The builder has sold its 800,000 sq ft office building BPTP Crest in Gurgaon for Rs 850 crore to pay the institutional investors.           Read More

Property market in Bengaluru hit by slow job creation

Sales have fallen by as much as 30 per cent in the last three quarters due to slow job creation, low salary hikes.           Read More

Prateek Group raises Rs 100 crore from Xander for township in Ghaziabad

This is the second time that Prateek Group is raising funds from Xander Group. Four years ago, the company had raised Rs 80 crore, Tiwari said.           Read More

DDA to put up 10,000 rejected flats for sale in March

Of the 25,034 houses put on sale under the 2014 scheme, DDA officials say, owners gave up more than 9,000 flats as they found the rooms too small.           Read More

Dabur Group chairman VC Burman buys bungalow in Lutyens’ zone for Rs 160 crore

The bungalow, located on a 1,310 square yard plot, has a total built-up space of about 9,000 square feet and was sold at Rs 12.2 lakh per sq. yard.           Read More

DLF gets Rs 1,992 crore from GIC for stake sale in 2 projects

DLF has received Rs 1,992 crore from Singapore’s sovereign wealth fund GIC after the completion of its deal to sell 50% stake in two of its new projects.           Read More

Prateek Group raises Rs 100 crore for its Ghaziabad township project

The group recently raised Rs 135 crore from Indiabulls Housing Finance for an under construction project, Prateek Wisteria, in Sector 77 of Noida.           Read More

Mantri Developers raises Rs 165 crore from Piramal Fund for two projects

The money has been raised as construction finance for two projects, including a residential property in Manyata Tech Park in Bengaluru, which received Rs 100 crore.           Read More

Rishi Kapoor, Ranbir Kapoor buy apartments in pune’s Trump Towers

Bollywood actors Rishi Kapoor and Ranbir Kapoor have bought an apartment each spread over 6,100 sq ft in the Trump Towers in Pune’s Kalyani Nagar area for Rs 13 crore a piece, two people familiar with the transaction told ET.           Read More

Mumbai, Delhi top global commercial property market in terms of rentals

The rising appetite for Indian commercial properties is attributed to about 67% of investments flowing into Indian real estate from overseas.           Read More

Parsvnath eyes Rs 100 crore revenue from new project at Jodhpur

It has so far completed 55 projects having 24.75 million sq ft of developed area. Currently, 48 projects are under construction.           Read More

Blackstone in talks with L&T realty to buy 1 million sq ft retail space

Blackstone and two more entities are in talks with L&T Realty to acquire more than 1 million square feet of retail space at Seawoods in Navi Mumbai.           Read More

Magicbricks to launch ‘Dream Homes Festival’ on October 15

More than 60 builders will offer deals and discounts to homebuyers in over 150 projects across the country, including a cashback offer of up to Rs 5 lakh.           Read More

Realty Markets turnaround may start 2016 second-half onwards, says BofA-Merrill Lynch

Most property markets are expected to see turnaround and start pricing in a volume recovery in second half of 2016 at the earliest.           Read More

Festive season will have little to cheer realty industry

After the announcement of unexpectedly high 50 basis points cut in repo rate by the RBI on September 29, it was expected that the move would improve market sentiment.           Read More