HONG KONG: Blackstone Group LP is readying a new Asia-focused real estate fund that aims to raise a record $5 billion or more, betting on strong returns from property investments in the region, people familiar with the plans told Reuters. The world’s biggest alternative asset manager will likely launch the ... Read More »
Real estate industry has high expectation from the upcoming budget 2016-17. Stakeholders are demanding that central government gives relaxation in income tax rate, provide clarity on GST, raise House Rent Allowance (HRA) deduction and announce policies to standardize construction materials in order to uplift the real estate industry. Take a ... Read More »
The real estate sector of the Mumbai Metropolitan Region (MMR) suffered a loss of around Rs9,100 crore as the residential market sales fell in the last three months after demonetisation. The state government too lost at least Rs460 crore as stamp duty during the period between October and December 2016, ... Read More »
AHMEDABAD: A real estate firm located on Anandnagar Road has allegedly duped consumers in a land deal, according to a complaint received by Consumer Education & Research Centre (CERC). So far, around 20 complaints were registered with CERC’s complaints department in connection with the case. According to CERC officials, the ... Read More »
Affordable housing will be the first asset class likely to lift the gloom in the residential market. Interestingly, a slight improvement can be expected in the last two quarters of 2017. This will be led by affordable housing as the government gives a push to this segment to fulfil the ... Read More »
Amid reports of dilution of key provisions of new realty law by some states, Union Minister M Venkaiah Naidu today said it should be implemented in true spirit and nobody has the right to dilute the law passed by Parliament. The union housing and urban poverty alleviation minister also asked ... Read More »
Union Housing and Urban Poverty Alleviation Minister Venkaiah Naidu on Tuesday urged the states and union territories to and implement the Real Estate (Regulation & Development) Act from May this year, as proposed in the legislation, an official statement said. He made the request at a meeting of Chief Secretaries ... Read More »
NEW DELHI: Coming down heavily on the states that have diluted the real estate regulatory Act, Union minister M Venkaiah Naidu on Tuesday said states have no power to dilute the provisions and this will have serious implications including public outcry. The minister of Housing and Urban Poverty Alleviation (HUPA) ... Read More »
Federal Reserve Governor Jerome Powell said the U.S. central bank needs to step up monitoring of financial excesses following an extended period of record-low interest rates, citing commercial real estate as one area of concern. “With inflation under control, overheating has shown up in the form of financial excess,” Powell ... Read More »
Prince didn’t just leave a great musical legacy behind. It turns out, the singer also had an eye for real estate. The singer had acquired $25.4 million worth of real estate and other personal property before his death, ET confirms, in addition to a horde of cash and 67 gold ... Read More »
It turns out that Prince wasn’t just an incredible musician, but also a prolific real estate investor—and maybe a closet gold bug. The enigmatic singer had acquired $25.4 million worth of real estate and other personal property at the time of his death last year, according to a file released ... Read More »
Mumbai Grahak Panchyat (MGP), the consumer rights group, has raised 52 objections to draft rules framed by Maharashtra government under central government’s Real Estate (Regulation and Development) Act and criticised them as anti-consumers and builder friendly. Though the Act is passed by the Parliament, the Act allows states to frame ... Read More »
