The year kicked off with buyers across the country racing to lock in rising mortgage rates and close on homes—except in one surprising region. Sales of existing homes, which have previously been lived in, rose 3.3% from December to January, according to the most recent National Association of Realtors® report. The 5.69 ... Read More »
India’s third largest real estate company, Indiabulls Real Estate’s board is planning to do some restructuring in its business. The board of the company considered the possibility of streamlining the company’s existing ‘residential’, ‘commercial’ and ‘leasing’ businesses by segregating the ‘commercial and leasing’ business segment. The company has two options ... Read More »
December quarter results show rental income from commercial assets is alleviating, at least partially. Residential properties still not up to the mark The mood was sombre in the December quarter among real estate firms. The November ban on old, high-value banknotes affected the real estate sector hugely, given that it ... Read More »
Although the residential sector is going through a difficult phase, the stakeholders are quite optimistic for the future, especially with regards to sales volume. New Delhi: The real estate sentiment fell to a three-year low in the October-December period, indicating pessimism among developers and financial institutions which reeled under the ... Read More »
A decade-long wait by India’s cash-hungry real estate and infrastructure developers may finally be nearing an end. Birla Sun Life Asset Management Co. estimates that real estate and infrastructure trusts will raise as much as 600 billion rupees ($9 billion) this year as India rolls out the much-anticipated investment ... Read More »
Irvine-based ValueRock Realty Partners, a real estate investment and operating company, has acquired a two-story office building at 6700 E. Pacific Coast Highway in Long Beach. The firm acquired the 76,939-square-foot coastal infill property for $24 million from Colton Cos. Built in 1983, the property known as Congressional Place is ... Read More »
JAIPUR: The Rajasthan government on Friday appointed additional chief secretary (ACS) of urban development and housing (UDH) department as the regulatory authority for real estate sector. The decision was taken as the central law empowers the state government to designate any officer as regulatory authority till a full-fledged regulatory authority ... Read More »
JAIPUR: The Rajasthan government on Friday appointed additional chief secretary (ACS) of urban development and housing (UDH) department as the regulatory authority for real estate sector. The decision was taken as the central law empowers the state government to designate any officer as regulatory authority till a full-fledged regulatory authority ... Read More »
INDORE: High fluctuations in cement and steel prices caused by a spur in infrastructural activities, is likely to hit real estate business. Increased prices of raw materials will spoil plans of the realtors expecting to revive themselves after last year’s slump. Industry participants said that rise in cement prices has ... Read More »
Every year when the budget is round the corner, each sector presents its wishlist for the government. Post this Union budget 2017-18 the positive movement on the real estate indices conveyed the sentiment from the budget providing the much-needed push to the realty sector. Although there was an expectation towards ... Read More »
The announcement of the 2016 budget pushed the real estate market of Pakistan into gloom since it was accompanied by a new property tax intended to bring black money into the tax-net. The heightened enthusiasm generated by the country’s property market in the two years preceding the 2016 budget was ... Read More »
NEW DELHI: Amid reports that key provisions of new real estate regulation law have been diluted by some states, the central government has forwarded the rules notified by the states to a parliamentary committee for examination. Minister of State for Housing and Urban Poverty Alleviation (HUPA) Rao Inderjit Singh, in ... Read More »
