The Daily Fix: Regulation is needed in the real estate sector, not takeover

The Daily Fix: Regulation is needed in the real estate sector, not takeover

The Big Story: Falling houses

The real estate sector in the country has clearly undergone a phase of crisis, with large companies that got into colossal housing projects unable to complete them and now either facing legal action in courts or Continue reading “The Daily Fix: Regulation is needed in the real estate sector, not takeover”

Real Estate Developers welcome govt’s takeover of Unitech

Real Estate Developers welcome govt’s takeover of Unitech

NEW DELHI: Leading developers across the country have largely hailed the government takeover of beleaguered realty developer Unitech BSE -13.91 % even as some were caught by surprise. The ministry of corporate affairs that initiated the takeover over alleged mismanagement and diversion of funds on Continue reading “Real Estate Developers welcome govt’s takeover of Unitech”

Unitech’s fate is a lesson for India’s reckless real estate companies

Unitech’s fate is a lesson for India’s reckless real estate companies

A decade ago, Unitech was India’s second-largest real estate company, a position it managed to hold on to till 2010. But plagued by delays in delivering projects, an inability to return money to fixed deposit holder sand large corporations, botched expansion plans, and a number of controversies surrounding the promoters, the company lost Continue reading “Unitech’s fate is a lesson for India’s reckless real estate companies”

Unitech: The fall of a real estate giant

Unitech: The fall of a real estate giant

Unitech’s promoters are in jail, it has exited telecom, its projects have mostly stalled and it is battling disgruntled homebuyers and investors. And now the govt has taken control

Bengaluru/Mumbai/New Delhi: In its 2007-08 annual report, Unitech chairman Ramesh Chandra spoke of becoming a pan-India developer, venturing into the telecom business and turning into a Continue reading “Unitech: The fall of a real estate giant”

Bitcoin Euphoria: How Blockchain can impact real estate & banking

Bitcoin Euphoria: How Blockchain can impact real estate & banking

Blockchain is technology of tomorrow; Bitcoin euphoria may not last a few years. However, it is essential that entrepreneurs should begin to adopt and build on the new technology.

Maj. Sunil Shetty, SM (retd), Founder & CEO AskMentor

Trust! is the most expensive commodity in all spheres of life because it is in short supply- we all agree on that? Correct?!

Now imagine if an emerging technology was offering TRUST as its underlying currency – what impact do you think Continue reading “Bitcoin Euphoria: How Blockchain can impact real estate & banking”

Entering Noida mkt a big step; next 2 decades good for real estate: Godrej Properties

Entering Noida mkt a big step; next 2 decades good for real estate: Godrej Properties

With the introduction of real estate regulatory authority (RERA) and other steps there is a huge opportunity to also benefit from consolidation that is underway in this sector, Pirojsha Godrej, Executive Chairman of Godrej Properties said.

Continue reading “Entering Noida mkt a big step; next 2 decades good for real estate: Godrej Properties”

Impact of GST on real estate

Impact of GST on real estate

Albeit GST in real estate is welcome move, however, lack of its effective implementation in true essence and spirit as provided under the scheme of the GST Act, due to certain notifications (which devise a new set of mechanism for calculations of GST liability completely overriding the scheme as provided in the Parent Act) has left a huge financial impact deep inside the pockets of real estate developers and Continue reading “Impact of GST on real estate”

Two more roads to boost Gurgaon-Manesar connectivity

Two more roads to boost Gurgaon-Manesar connectivity

GURGAON: Gurgaon to Manesar connectivity is all set to get a major boost, with Haryana Industry and Infrastructure Corporation (HSIIDC) working on two links between the Millennium City and the industrial township, barely 20 km away.

While one of the links will connect Manesar’s Sector 7 with Delhi through Dwarka  expressway, the other Continue reading “Two more roads to boost Gurgaon-Manesar connectivity”

Market Update: Sobha zooms over 9% as Nifty Realty outperforms; Coal India, ONGC top gainers

Market Update: Sobha zooms over 9% as Nifty Realty outperforms; Coal India, ONGC top gainers

The market breadth was in favour of the advances on Wednesday morning with 956 stocks advancing as against 605 declines. On the other hand, 1227 stocks advanced and 745 stocks declined on the BSE.

The Indian benchmark indices on Wednesday morning were trading flat with the Nifty up 1 point or 0.01 percent while the Continue reading “Market Update: Sobha zooms over 9% as Nifty Realty outperforms; Coal India, ONGC top gainers”