In real estate, small size and right price work

In real estate, small size and right price work

Mumbai: Realty developers, with their compact residential apartment offerings, are gradually shifting towards the affordable housing segment, and many developers are now aligning their apartment configurations and supply with the budget ranges dictated by the demand.

Realty developers across property markets are building apartments with smaller configurations with the idea of making houses affordable by reducing average apartment sizes and thereby bringing down the Continue reading “In real estate, small size and right price work”

Real estate developers’ body expresses concern over lack of ease in attaining construction approvals

Real estate developers’ body expresses concern over lack of ease in attaining construction approvals

Credai asks the ministry of housing to enhance India’s standing in granting construction approvals and provide appropriate means for land financing to construct affordable houses

Expressing concern over the lack of ease of attaining construction approvals from government authorities, the apex body of private real estate developers Credai has said that this has had a negative impact on the Continue reading “Real estate developers’ body expresses concern over lack of ease in attaining construction approvals”

Bharti Realty developing close to 10 million sq ft of residential and commercial area

Bharti Realty developing close to 10 million sq ft of residential and commercial area

The company has seen a rental growth of 25 per cent to 35 per cent despite market sentiments being low

Bharti Realty is currently developing close to 10 million sq ft area that includes both commercial as well as residential. In Worldmark, located in Aerocity, several Japanese companies and major financial institutions such as IMF, IFC and other companies such as Airbus, GSTN among others have already moved in. S K Sayal, MD and CEO at Bharti Realty speaks to Moneycontrol’s Vandana Ramnani about the company’s plans for its new commercial destination Worldmark in Sector 65, Gurgaon and the company’s first vertical smart city. Continue reading “Bharti Realty developing close to 10 million sq ft of residential and commercial area”

Gurgaon: CM ordered an inquiry into all sale deeds issued over the last six months

Gurgaon: CM ordered an inquiry into all sale deeds issued over the last six months

Gurgaon MLA Umesh Aggarwal demands the district town planning enforcement must make public a list of land that’s with the government so people do not buy such land unknowingly.

The mushrooming of illegal colonies in Gurgaon has come under the scanner of chief minister Manohar Lal Khattar, who took strong note of the Continue reading “Gurgaon: CM ordered an inquiry into all sale deeds issued over the last six months”

Real estate sector: Strengthening foundations of property technology

Real estate sector: Strengthening foundations of property technology

With the rise of innovation, data democratisation and our growing understanding of how technology can give birth to new opportunities, Proptech will improve business performance and enhance the end-user experience

Digital technology is gradually changing the way we plan, build, maintain and use our social and economic infrastructure. The buzzword for the real estate sector now is property technology (Proptech) and most Continue reading “Real estate sector: Strengthening foundations of property technology”

Tax department issues notices to realtors for inflated credit claims under GST

Tax department issues notices to realtors for inflated credit claims under GST

MUMBAI: About 400 real estate developers, including listed companies, have received notices from the indirect tax department for inflated credit claims under the Goods and Services Tax (GST), said two people aware of the development.

The developers have been asked to pay a fine of 100% and interest of about 18% on the wrongly claimed credit, according to the notices. Many developers, especially those with a substantial presence in Continue reading “Tax department issues notices to realtors for inflated credit claims under GST”

Real estate ad before registration, firm fined Rs 30 lakh in Gurgaon

Real estate ad before registration, firm fined Rs 30 lakh in Gurgaon

“The respondent company is directed to deposit the penal amount of Rs 30 lakh within 15 days… failing which proceedings shall be initiated,” stated the order.

The Haryana Real Estate Regulatory Authority, Gurgaon, Tuesday announced a penalty of Rs 30 lakh on Krisumi Corporation Pvt Ltd for advertising a project that had not been registered with the Continue reading “Real estate ad before registration, firm fined Rs 30 lakh in Gurgaon”

Govt begins process of selling enemy properties; issues guidelines

Govt begins process of selling enemy properties; issues guidelines

The move comes after the amendment of the Enemy Property (Amendment and Validation) Act 2017 and the Enemy Property (Amendment) Rules, 2018, which ensured that the heirs of those who migrated to Pakistan and China during partition and afterwards will have no claim over the properties left behind in India.

Continue reading “Govt begins process of selling enemy properties; issues guidelines”

Indiabulls Real Estate jumps 4% on divestment deal with Blackstone

Indiabulls Real Estate jumps 4% on divestment deal with Blackstone

Shares of Indiabulls Real Estate rose on divestment deal with Blackstone. The stock jumped as much as 3.8 per cent to Rs 199.80.

In a major real estate deal, Indiabulls Real Estate has executed a definitive agreement with global private equity investor Blackstone Group to divest 50 per cent stake in its prime commercial properties in the Continue reading “Indiabulls Real Estate jumps 4% on divestment deal with Blackstone”

Real Estate Act to Complete one Year, but Home Buyers Still Struggling

Real Estate Act to Complete one Year, but Home Buyers Still Struggling

Homebuyers had high hopes when the central Real Estate (Regulation and Development) Act came into effect on May 1, 2017. It was expected that implementation of RERA will bring speedy completion of delayed projects with each state and Union Territory forming its own

Continue reading “Real Estate Act to Complete one Year, but Home Buyers Still Struggling”